have they even paid off the future payments for current players?
a)
Included within liabilities are the following player registration payables:
Current liabilities 11,459,000
Non-current liabilities 4,025,000
Total owed for players at 30/6/20 - £15,484,000
And if that wasn't enough
b)
The following events have occurred subsequent to the year end (i.e 30/6/20):
Acquisition and disposal of player registrations
The Group contracted for the purchase of seven permanent player registrations in addition to the temporary registrations of one player on loan.
The amount payable in respect of above amounts to £15.4m, after taking account of direct costs.
Total owed for players £30,884,000
Theres a balance due on players sold of £269k (assume McCrorie)
So they have players playing for their team that they owe nearly £31 million on
Oh and the tax thing people going on about must be
At 30/6/20 they owed
Social security and other taxes £9,702,000
which will be VAT/PAYE payments