[St Charles Owl]

Accounts have finally been published.
Having a scan through and found this near this bottom.
I'm not versed in legal jargon but it doesn't sound great, right?

Material Uncertainty Relating to going Concern.

"We draw attention to note 2 in the financial statements that indicates as of July 31st 2022
The companies total liabilities exceeded its total assets by £65,539,000 as stated in note 2 these events or other matters set forth in note 2 indicate that a material uncertainty exists that may cast significant doubt on the companies ability to continue as a going concern "

That statement is standard policy for a company making losses and carrying debt. Just about every Championship club has a similar statement. The key thing for us is the following line further down the accounts:

"The balance owing to D Chansiri amounts to £56,319,072 (2021: £51,080,049)"

So the vast majority of our debt is owed to Chansiri and therefore has no due date nor attracting interest.