Thursday, December 22, 2022

Notts County Owe Nearly £14M To Creditors

National League Notts County owe nearly £14M to creditors according to their latest accounts.

The accounts which are for the year ending June 30th 2022 show that the club lost £1.7M.

According to the 'Business Desk' the club can only continue to function because of the support of their owners.

'The Magpies have a huge creditor bill of almost £14m and are reliant on funding from their owners to continue in business – although the vast majority of the amount owed appears to be owners Christoffer and Alexander Reedtz, who bought the club in 2019. 

The National League club borrowed another £2m from their owners last season, taking the total owed to around £12m.'