#LUFC Accounts...

Level of debt and its increasing nature a worry without the added issue of COVID-19 shutdown

Noteworthy that for the first time in yonks the bank trusts the Club enough to agree an overdraft facility.

TBC
2/n

Cash used up in increased stock level plus increased cash tied up in unpaid invoices could do with explanation

Radz has put £18m cash net in to Club to support cashflow

TBC
3/n

GFH loan is explained (ish). The residual sum owing after Radz repaid about £9m of about £8m is still owing and being repaid over next 9 years. Loan is unsecured (despite GFH still having a charge over Club& #39;s assets)

TBC
4/n

#lufc is accounting for a nominal rent of £1.5m per annum to Aser but this is not being claimed at present. This leaves it up to Radz to either continue to waive payment while in Champ or take a tax efficient payment after promotion or on sale of Club.

TBC
5/n

Even with all the cash Radz pumped in the Club still needed to squeeze another £2.5m out of its operations

There still seems to be evidence of "forward selling" of transfer debtors although the exact sums are unclear

TBC
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