One for Sluffy

Here's one for you Sluffy - simple accounts.

Burnden leisure

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Just clarify the near £19 million of capital.

That's the nominal worth of all the shares together isn't it?


Also looking further on - we paid a lot of loans  / debentures of in 2009 didn't we? taken out between 2001 to 2003? Just around the "spending spree" that Gary Megson is accused of

I'm not sure what you want me to tell you?

Equity is what the owners put into a business.

Capital is what the business 'owns'.

Shares are the equal parts into which the businesses capital is divided, giving the holder a share of the profits.

Loans are money borrowed by the business to be paid back at an agreed time and rate.  Loans can either be secured on tangible capital assets owned such as the ground, the hotel, the car park etc, or unsecured.

Debentures are long term secured loans.

The accounts will show the current position of all these things.


If the accounts show £19 million of assets then yes that would be the nominal worth of all the shares.

Only Holdsworth and Anderson have joint equity I believe.

I doubt however that all the assets are free from secured loans - indeed Blumarble have seemingly secured loans against all the assets of the club and hotel at the moment it would appear.

Hard to say what the true picture is without seeing the current accounts.

Does this answer your question?

Sluffy wrote:I'm not sure what you want me to tell you?

Equity is what the owners put into a business.

Capital is what the business 'owns'.

Shares are the equal parts into which the businesses capital is divided, giving the holder a share of the profits.

Loans are money borrowed by the business to be paid back at an agreed time and rate.  Loans can either be secured on tangible capital assets owned such as the ground, the hotel, the car park etc, or unsecured.

Debentures are long term secured loans.

The accounts will show the current position of all these things.


If the accounts show £19 million of assets then yes that would be the nominal worth of all the shares.

Only Holdsworth and Anderson have joint equity I believe.

I doubt however that all the assets are free from secured loans - indeed Blumarble have seemingly secured loans against all the assets of the club and hotel at the moment it would appear.

Hard to say what the true picture is without seeing the current accounts.

Does this answer your question?

Yes - it was the nominal worth of all the shares.



The loans (taken out in 2001) paid of in 2009 (under Megson regime)  says a lot too, about where money was 'disappearing'.