[You must be registered and logged in to see this link.] wrote:It all sounds as if we are going in the right direction and finally seem more stable than at any time in the last 10 years.
I watched the Wanderers youtube episode 2 the other night and saw Nick Mason in a Wanderers jacket so is he providing finances in the background?
The truth is mate, nobody knows!
Well of course those involved do but nobody like us know.
My best guess is that there must be a financial stability of some sort at FV but you don't see that from the public accounts they've filed (which actually show the club has more debt than assets to pay them off), so the only conclusion I can come up with is that someone with deep pockets is backing the club and it isn't a priority for them to get their money back soon if at all.
Is that person Sharon?
It could be and she has a few pennies to her name but from what we seem to know of her financial position she doesn't seem to be superrich enough to take such a risk of putting millions into the club and not getting her money back.
I've speculated that there is someone behind her - Mr Brittan for instance - if there is one, or perhaps Mason is that person - now he is superrich and not worried about losing a chunk of millions.
If there is someone then they are not putting money in the club via normal means - there's not been new shares issued and bought and in the June 2020 accounts there didn't seem to have been any unexpected new creditors (secured or unsecured) with loans to pay back, so the only money I can see coming into the club is from Sharon's £20m line of credit - which presumably Mr Brittan, Nick Mason, or whoever it is, is loaning/giving the money to Sharon (rather than the club) who in turn puts the money in the club under her name.
Bob however doesn't believe Sharon's £20m is a line of credit and he's more knowledgeable about accountancy than I'll ever be but I can't come up with a better guess as to how the club is financed - and someone IS paying the bills - than what I've described above.
It's a bit of a mystery to be honest that no, one outside those involved, have been able to figure out.