Notts County accounts qualified by auditors

Auditors have qualified the Notts County accounts as nearly £1.5m of supposed revenue (out of a total of £5.5m) in 2017/18 couldn’t be properly accounted for, reports Kieran Maguire of the PriceofFootball. The club had ‘other creditors’ of £9.4m at 30 June 2019 but a large proportion of this was written off when the new Isle of Man based owners acquired the club in July 2019 and lent the club £3.5m interest free.

Notts County lost £2.8m in 2018/19 taking total losses over the years to £23.3m.

County wrote off £42k from a player in 2018/19 and signed players for £236k.

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The Political Economy of Football V2

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