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STATEMENT | Annual Report and Financial Statements: Year Ending June 30, 2022

31 March 2023

The Annual Report and Financial Statements for the 12 months to June 30, 2022 (‘the period’) have been submitted to Companies House.

Turnover for the period was £5.972m, an increase of 404% from £1.478m.

Of the £5.972m turnover, Matchday income accounted for £2.650m, Retail income £1.303m and Sponsorship / Advertising £1.053m.

Football costs in the period were £3.940m, an increase of 294% from £1.340m

The loss for the period was £2.914m.

The R.R. McReynolds Company LLC, introduced £3.670m of loan funding which included the funds to purchase the freehold of the Racecourse Ground and subscribed for equity in the sum of £1.200m.

The Directors have confirmed that they will continue to fund the Club going forward.

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