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Results: GILD

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Guild eSports renegotiates £15m greedy David Beckham deal to pave way for rescue placing

The David Beckham deal with Guild eSports (GILD) always stank to high heaven as I pointed out at the time of the IPO while the deadwood press sucked the cock of the Beckham PR machine. On its IPO it raised £18 million but agreed that – irrespective of what sales it achieved – it would hand £15 million of that to Mr David Beckham in return for his work as a brand ambassador. Today, less than two years after that IPO at 5p, the deal has had to be scrapped in order to persuade investors to back a bailout fundraise to stave off bankruptcy.


EXPOSE: Guild Esports– was a £5.5 million cash payment to David Beckham not properly recorded in the interim accounts?

On 30 June 2021, Guild Esports (GILD) published its interim financial statements for the six months ended 31 March 2021 which showed cash and cash equivalents of £15.86 million.  These interim financial statements were unaudited and unreviewed by their auditors.  However, they did state that they had been prepared in accordance with International Accounting Standard No 34. Hmmmm.

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