offsideflag Posted August 30 Share Posted August 30 On 23/08/2024 at 10:47, FREDDYFRY said: I wouldn’t be so sure EK would win playoff against any L2 sides, don’t think Kennedy had the tactical ability to navigate 2 leg play off. Having watched both legs of the East Kilbride / Stranraer Play Off last season, East Kilbride were exactly what I expected. They have some mercurial attacking talent but were poor defensively. Also, Stranraer were not as bad as Brechin and Berwick were when they went down. The Lowland League has lost a number of good sides to promotion - The Spartans, Bonnyrigg Rose, Kelty Hearts in recent years. The sides that have come down haven't looked close to challenging for promotion again, save the first few years of East Stirlingshire. 1 Quote Link to comment Share on other sites More sharing options...
Cosmic Joe Posted September 2 Share Posted September 2 Clyde are by some distance the worst team I've seen this season, and I include Dunfermline Athletic. However, I think they perhaps had a bad day at the office, whereas we were on our game on Saturday. Who knows? 0 Quote Link to comment Share on other sites More sharing options...
Les Cabbage Posted September 2 Share Posted September 2 I’ve been very surprised at Clyde’s form after seeing them utterly decimate Edinburgh city in the league cup. Suspect they’ll turn it around eventually, too many good players not to. 0 Quote Link to comment Share on other sites More sharing options...
EdinburghBlue Posted September 20 Author Share Posted September 20 It's been a while since I've commented on club finances, but with more accounts now appearing at Companies House it's time to do so again. Dumbarton's accounts for 2023 show a loss of £138k, following on from a loss of £57k the previous year. The auditors comment that 'the company is likely to have to rely on additional funding from directors, related parties and other lenders' in 2024/25 and that there is 'material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. The directors say that the club 'has faced a number of cash flow challenges in the last year and is reliant on the support of directors and related parties for funding to settle liabilities from time to time' and 'is funded by working capital and overdraft facilities provided by... monies loaned by Directors, related parties and other third parties.' Apart from cash flow challenges (cash reduced from £61k to £473 over the 12 months), the big issue for the club is that more than 80% of the club's assets is a debt of £1.8M owed by a subsidiary of its main shareholder. The first instalment of £300k was not paid when due in April 2023. The accounts say that recovery of the debt 'is dependent on the successful completion of a residential development on the land sold' to the main shareholder, but that the developer has experienced a number of challenges including on planning permission. Clearly big problems await if the debt isn't recovered. 0 Quote Link to comment Share on other sites More sharing options...
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