00:00So, look, obviously, we have a lot to discuss.
00:06We feel very comfortable with the processes of the DNCG this year.
00:11I think this might be new.
00:13They changed things, so they allowed preliminary meetings 30 days ago.
00:17So we were very pleased with that process.
00:20This year in particular, we know the DNCG is extremely comfortable
00:25and aware of our overall Eagle football business model.
00:30And so we enjoyed the hearing.
00:32Obviously, it's in the news.
00:34You can see, thanks to contributions from our shareholders,
00:37new equity we've invested, not only for the DNCG,
00:40but also for our UEFA licensing process.
00:44And also, the good news that we sold Crystal Palace.
00:48Our liquidity situation has improved remarkably.
00:53You know, that said, it's an evaluation process,
00:56and I respect the DNCG's right to look at the full file.
01:00And I think I've learned enough from you guys and about the processes in France
01:04that I would never, you know, presume anything coming out of the hearing.
01:09But I can say we enjoyed the process this year.
01:12They know our model.
01:14Our liquidity situation is vastly improved.
01:17And we have a significant amount of cash available for this club.
01:22So we're happy with that and looking forward to the season.
01:26And we just await work from the DNCG.
01:28How many cash do you have for this season?
01:34You know, that's...
01:35Look, we're a publicly traded company.
01:36We just don't throw around numbers like that.
01:38But everybody knows what we sold Crystal Palace for generally.
01:42That's money that goes into Eagle.
01:44Obviously, we like to pay down debt with that.
01:46We also like to make portions of that available to the business.
01:50We were asked an amount of money by UEFA to put into the business
01:54to assure our sustainability and make them feel comfortable.
01:58We agreed with their request and we provided that amount of money.
02:03And, you know, that's the presentation we made to the DNCG.
02:08So we are attractively sustainable going forward.
02:13We have significant reduction in expenses, player wages,
02:17old contracts burning off.
02:19So in terms of profitability, next year we're quite comfortable.
02:21And now it's about just equitizing the business,
02:24which we're able to do, given the liquidity that has come to Eagle.
02:28In your business, how much do you have to pay any payers?
02:34That's a bizarrely detailed question.
02:37So I think I'm probably said enough.
02:41And we're publicly traded company,
02:43so you're certainly welcome to look at our financials
02:46to see what we pay players.
02:47But we have more than enough cash to run this business.
02:51We're one of the more well-capitalized clubs in France at this point,
02:55other than the obvious big one at the top,
02:57and some others that I'm sure have greater resources.
03:01So we're quite comfortable with our liquidity,
03:04and we've met every request thus far of the governing bodies,
03:07and we'll continue to run the business,
03:10and thankfully with improving liquidity.
03:12Thank you.
03:12Thank you.
03:12Thank you.
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