For them that’s interested the latest set of accounts for the stadium company are available online at Companies House.
Items of note:-
The stadium, its land, plant and machinery are valued at £5,916,239. After depreciation the net book value is £2,495,835.
The bank debt or mortgage has gone down from £2,086,129 to £837,421. Before anyone gets excited other debt has gone up from £43,096 to £1,075,538. My best guess is that they have offset a big chunk of the stadium mortgage using the Government’s covid loan of roughly £1.2m. That would make sense as the interest on the covid loan is way less than commercial mortgage rates.
The stadium company is due money from Edencrest of £576,900. It was due a similar amount the previous year. A tax dodge?
And the final icing on the cake the football club paid the stadium company 57,000 rent up from 41,000 the previous year