RussellEbertHandball
Flick pass expert
The club hasn't released that, and nobody really knows unless they have access to the club's general ledger, but Rooch reckons its $11m.what is our total debt currently?
That's consistent with $8m debt on the books in the 2018 accounts, and the 2019 automatic renewal membership fees being paid in advance on 17 October since 2017 rather than on 17 November. Take away that $3.5m paid in advance and our small $700k cash at bank becomes an over draft of $2.8m on 31st October 2018. [Note there is $4m cash sitting in the a bank trust a/c but these monies are a government grant to only be used to build the ACE]