Well said BB,This type of report is 100% aimed at the stock market rather than fans (even though for many publicly traded football clubs many fans are also small shareholders as well), and this is the style of these documents to big-up your achievements - even if anyone with any knowledge of the operations understands that it should probably more accurately be described as a failure rather than a success.
To say anything different could/would affect their share price and the board would be failing in their main duty. Remember that a board is there to represent and do the best for their shareholders rather than "customers" (not a word that fans like to be called, I know), although the ideal scenario is where both are kept happy - in our case success on the pitch translates into increased share price and dividend pay-outs.
It is just normal corporate BS so I wouldn't get too hung up on this sort of nonsense.
Set of accounts produced just for the business world and one that wouldn't have caused any panic with what I believe has driven the share price upwards, so they must be very happy overall.
Supporters in general deal with the here and now figures,
So having money in the back, which has increased with the profit made during the summer.
Sell of ST with sponcers and merchandise, prize money will cover all the costs of running the club, so no worries on that account.
Still huge profits available on the sell of any players still.
So any scaremongering trying to be raked up is nothing more than bullshit imo.
Wage structure also seems to have been addressed with no huge loan signings either, as at a guess the 2 we currently have should fit well into our current wage structure.
So where the club stands currently financially in the reality of things, and there is only 1 reality, is we still remain very strong and healthy position but you won't be reading about that as the media can't face up to that, and just trying to deflect away from the figures sevco scum (SS) have to produce, if anyone ever gets to see them.