Boro Accounts 21-22

If that is the case, what did they lose the season before that, I remember them having very big losses the year they went up. Has this cleared all those ?
no idea, would need to look at about 8 years worth. Of course it's also worht noting that money spent to gain promotion has lead to a significant improvement in playing asset values. So even if relegated, they would likely receive huge amounts of income from player sales.

Transfermrkt isn't the best for player values, but it's an indication. Currents squad value is 364.8m euro. It was a 2 year project to get them promoted where they had their losses, before that investment the squad was valued at less than 38m euro.

So yes they spent huge sums of money to get promoted and stay up, maybe 200m euro invested. But they improved their playing squad by 320m+ euro and made 50m profit. That makes them 170m better off for the experience.
 
Have any of you considered the unthinkable, what happens if Steve Gibson were to sadly pass away tomorrow? Who would run the Group and control the football club purse strings? What would their intentions be?
 
we wouldn't of had a club without him also, and was in a much worse state then.

the money his companies is owed every few years part of it gets converted to equity, otherwise he would be owed more than the quarter of a billion thats on the books.
It's just done at times which are more financially beneficial to them to do it.

if he decided to move it onto someone else then what he is owed would be up for negotiation for the money paid for the asset.
does not make business sense to take that off the books as there is other benefit for leaving on there.

theres no way in hell that he remains a millionaire and does not look after the club and leave them in safe hands after he lets the club go, I believe the plan is to keep it in his family anyways
There are 4 capital injections in Gibson’s reign.
I detailed them above , totalling £90m in his 29 years.
With respect I’m not sure you understand how the Accounts legally work.
£90m capital, plus an additional £142m in Group Undertakings (loans).
From an FFP perspective some of the loan has to be convertible to equity to qualify.
Given the allowances/deductions MFC have no FFP worries anyway. Gibson’s last injection of £8m in 2016 would have been needed for FFP because of the losses made chasing promotion.
 
There are 4 capital injections in Gibson’s reign.
I detailed them above , totalling £90m in his 29 years.
With respect I’m not sure you understand how the Accounts legally work.
£90m capital, plus an additional £142m in Group Undertakings (loans).
From an FFP perspective some of the loan has to be convertible to equity to qualify.
Given the allowances/deductions MFC have no FFP worries anyway. Gibson’s last injection of £8m in 2016 would have been needed for FFP because of the losses made chasing promotion.
if it comes from gibson or his companies it makes no difference its still money put into the club,
and most will go down as loans, that does not mean they are going to ever be repaid, they just protect the companies money incase it did go all t*ts up they would get their money back before unsecured creditiors.
this is why the club owes them all a bit less than a quarter of a billion pounds.

Theres no need to know the technicalities how corporate accounts work, we know how steve gibson works and his intentions and how there has been no loan repayments ever taken and he won't leave our club sinking if he had to pass it onto someone, let alone saddled with debt. We all know its his intention to pass it onto his family to keep it going after he isnt here anymore
 
if it comes from gibson or his companies it makes no difference its still money put into the club,
and most will go down as loans, that does not mean they are going to ever be repaid, they just protect the companies money incase it did go all t*ts up they would get their money back before unsecured creditiors.
this is why the club owes them all a bit less than a quarter of a billion pounds.

Theres no need to know the technicalities how corporate accounts work, we know how steve gibson works and his intentions and how there has been no loan repayments ever taken and he won't leave our club sinking if he had to pass it onto someone, let alone saddled with debt. We all know its his intention to pass it onto his family to keep it going after he isnt here anymore
He is not owed a quarter of a billion.
He injected £90m. He could one day sell the equity he owns £64m and lose control and ownership, but he is not owed the £90m.
He is owed £142m, they are the Undertakings.
It matters a lot whether it is debt or equity.
 
So, what experience, contacts, acumen does she have to assume control?
She would have a fraction of his wealth and not control the Group that houses MFC.
I can’t believe why you would ask.
Am not saying it would be good or bad - just wondered why you were so adamant.
 
So, what experience, contacts, acumen does she have to assume control?
She would have a fraction of his wealth and not control the Group that houses MFC.
I can’t believe why you would ask.
so she wouldn't inherit any money/companies etc when he's not around no more?
 
So, what experience, contacts, acumen does she have to assume control?
She would have a fraction of his wealth and not control the Group that houses MFC.
I can’t believe why you would ask.
huge amount of speculation in that. Who knows what will be handed to her, or available to her through trusts, or indeed what has already been gifted to her, this includes the Gibson-O'Neil group controlling shares. Not that it's any of our business.

What matters is whoever takes over has the knowledge and experiences to match the fans ambitions. I have absolutely zero ideas if that is her or not, I don't think many people do have a definitive idea.
 
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