27-03-2024, 04:30 PM
The Club's accounts have just been published...
Statement Of Accounts - News - Portsmouth (portsmouthfc.co.uk)
Positive points....
Nearly £7m being invested in improving facilities, which would seem to underpin the net asset value of £23m (I'm not sure if the value of players are included as net assets?)
Level of of amortisation and depreciation (£1.3m) indicates that the Club are taking a responsible approach and not trying to dress things up
Conversion of £7m into share capital rather than loans (i.e. debt) is a huge plus.
In all my years supporting PFC, I cannot recall the Club being run so proficiently.
Bloomin great!
Statement Of Accounts - News - Portsmouth (portsmouthfc.co.uk)
Positive points....
Nearly £7m being invested in improving facilities, which would seem to underpin the net asset value of £23m (I'm not sure if the value of players are included as net assets?)
Level of of amortisation and depreciation (£1.3m) indicates that the Club are taking a responsible approach and not trying to dress things up
Conversion of £7m into share capital rather than loans (i.e. debt) is a huge plus.
In all my years supporting PFC, I cannot recall the Club being run so proficiently.
Bloomin great!