Friday 30 July 2021

ESI debt to Roland was £44m

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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