Rick Everitt notes that the latest accounts of Baton Ltd. for 2019/20 have been published. These include a snapshot of CAFC Ltd up to the point of ESI takeover. Operating loss of £1.9m was offset by £3.9m profit in player trading and £18.7m loan write off to show overall paper profit of £20.3m.
Confirms ESI debt to RD was £44.4m at January 2020 takeover
(this was latter written off following Thomas Sandgaard’s purchase of CAFC
Ltd).
No contingent liabilities and assets remaining - seems to
confirm Duchatelet has no contractual stake in contingent transfer payments
from previous deals, which had been mooted as possible.
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