Why has Ron become Ronald?
Thought he was a decent winger when he was on loan to us that year. Remember him scoring a great goal against Dundee United in a hugely entertaining League Cup tie at ER which finished 3-3. We lost on penalties to them.First season in the Championship. Handy sub but very very raw.
If it wasn’t for McGinn cash and Ron we’d on a hefty loss.Just received the accounts....I confess to having next to no knowledge about accountancy or balance sheets but the basics are according to Ron Gordon's letter to shareholders that there was an operating loss of £748,000 generated for the financial tear ended July 2019. However the sale of John McGinn to Aston Villa plus Ron's acquisition of the majority shareholding provided support for the financial results and position of he club. The £2.8 Million gain on player trading led to a pre-tax profit of £2 Million. The club's mortgage has been paid off and a further £1.25 Million has been put into the club's bank account. As a result we ended the financial year in a very strong financial position with a cash balance of £5.5 Million and no debt.
Perhaps the accounts minded folk on the bounce can explain the meaning of all that in plain English to thickos like me ?
Interestingly, Ron goes on to say that without the McGinn sale the club would have made a significant loss for the financial year ended July 2019. He says in the future he is not interested in the club just "breaking even" as that just makes us static. He has his plans and vision for the future and that will be announced to shareholders at the AGM on February 26th. They are "very excited" about it and hope that the fans will be too.