Budget constraints (1 Viewer)

Grendel said:

No they'd look to sell assets and they have had unforeseen outgoings with robins and his assistant.

They would require around 25% of revenue In the Fy to cover the summer unless there is significant reduction in playing staff.

Click to expand...

So the unforseen outgoings comes to 1.2m for bringing in Robins?

I am not after you calling Fisher a liar. We all know that he is very economical with the truth. I just find it very ironic how you defend his lies all the time but then say the opposite of what he says when it suits.

Grendel said:

I haven't defended his lies. You are confused as you think there is £1 million cash floating around. There isn't and its never been said there is

Click to expand...

Bollocks. Why do you make comments we all know are a lie then expect us to agree with you when you go against what you say in the past?

And how about explaining why Robins coming in leaves us a shortfall of 1.2m?

And how about explaining how our present position has nothing to do with Richardson as you frequently tell us?

Grendel said:

No the current position clearly has nothing to do with someone last associated with the club in 2001 and certainly nothing to do with the a risk purpose of this thread. Namely we will be funding the summer and any transfer requirements by selling players not keeping them.

Click to expand...

That's bollocks. Without Richardson and his "vision", we wouldn't be in the mess we find ourselves in and we certainly wouldn't have heard of SISU.

Richardson, Hover and the rest of them were the catalyst.

Grendel said:

3 games to go. In reality we are going to get no more than £100,000 revenue from those games.

8 weeks until the end of May? That's what 8 weeks left until the accounts come out so a £1 million worth of payments to go out with £100,000 coming in? If you seriously think the club budgeted for that then good luck. So, assuming Wembley generated £600,000 and assuming that we even get that by then there is still a shortfall is there not?

Click to expand...

Not sure where you are getting your figures from but at £100K at an average of £10 a ticket seems to suggest that you're expecting less than 4k at each of the remaining home games. Curious to know how you came to that 100k figure? Also curious how you've came to the £1M of outgoings figure as well. If I didn't know better I'd suggest that you've just plucked some figures out of thin air that suits your argument.

Grendel said:

The ground was only built as Richardson was removed. There's no way on earth Richardson would have sold the repurchase rights and allowed to be controlled by you know who.

Click to expand...

Yes but who wanted the new ground? I certainly don't remember many fans clamouring for a new stadium.

Grendel said:

The ground was only built as Richardson was removed. There's no way on earth Richardson would have sold the repurchase rights and allowed to be controlled by you know who.

Click to expand...

You know that how? Richardson was in it for his own benefit as much as anyone involved in our downfall that led to SISU being here. If he'd still been here and it suited Richardson he'd have done no different to what actually happened. You're being completely naive (maybe deliberately) if you think anything else.

torchomatic said:

Yes but who wanted the new ground?

Click to expand...

And why?

Grendel said:

The ground was only built as Richardson was removed. There's no way on earth Richardson would have sold the repurchase rights and allowed to be controlled by you know who.

Click to expand...

So if Richardson didn't want a new ground why did he sell HR other than to pay the wages for a few months as we had ran out of ways to raise any more money?

And why did he show us the plans for a new stadium if he didn't want one?

This thread seems as good a place as any for this

skybluetony176 said:

Not sure where you are getting your figures from but at £100K at an average of £10 a ticket seems to suggest that you're expecting less than 4k at each of the remaining home games. Curious to know how you came to that 100k figure? Also curious how you've came to the £1M of outgoings figure as well. If I didn't know better I'd suggest that you've just plucked some figures out of thin air that suits your argument.

Click to expand...

How much revenue are we likely to get out of the final 3 games? Season ticket holders have already paid, today's half price, the VAT man has 16.7% of it, stewards and what not need paying. It's going to be pretty close to £100k I recon.

Astute said:

Eh?

Are you now after an argument about companies going bankrupt because they are doing at least OK to get away from Fisher saying that we are making a profit?

Or are you saying that our club is going bankrupt because of a lack of cashflow?


You tell us that no money goes to SISU. They have our ticket money. They will get the cup run money if they haven't already received it. So where would the cashflow problem come from?

Click to expand...

What a laughable argument, if a company has a healthy balance sheet it can borrow at a good rate and pay back the loan from future profits.
Anyway CCFC had an underlying profit (EBIT) in the last published accounts and the budget has been cut further since.
The cup final payout will compensate for the lower crowds this season compared to last (about 2,500 down) so a player sale will almost certainly occur unless there are previous transfer payments bonuses coming in.

It's all about opinions and the budget. I'd expect a similar budget next season if SISU want to give MR's the opportunity of success. We will get maybe 8k in gates which is relatively high in league 2 if we are looking like challenging and then some if it continues. So they have to back him up. If they don't then we are bringing in dross from everywhere and prospects are back to nil. Our current squad has some players who can make an impact in league 2. Keep them if we can and shake off one or two like Reid and Stevenson. Can't believe Stevenson was not sold when the chance came along and now he is worth even less. Maybe wiser to keep him for now.
The biggest worry is how many will accept MR's desire for a promotion or will have better offers elsewhere? Stokes and Willis for example?
Difficult but SISU must back next season and MR's. We have to gain promotion if at all possible or SISU, the club and all of us might just as well be the last one's to turn the lights out.

dongonzalos said:

Surprised we didn't get Stokes tied up after last year.

Click to expand...

It was probably on plan for close season but he got a bad injury shortly before the end of the season and I don't think anyone wanted to take the risk of an extension in case he never recovered.
Soon he becomes a free agent who will attract a number of league one clubs, I reckon he will end up at Swindon, Bristol, Oxford, MK or Wimbledon.

Captain Dart said:

It was probably on plan for close season but he got a bad injury shortly before the end of the season and I don't think anyone wanted to take the risk of an extension in case he never recovered.
Soon he becomes a free agent who will attract a number of league one clubs, I reckon he will end up at Swindon, Bristol, Oxford, MK or Wimbledon.

Click to expand...

Actually I think he will stay if we want him to. No evidence, just a hunch.

Grendel said:

I'm a summing around 3,000 per game at £10 per head and some other income.

The £1 million is taking annual wages overheads and dividing by 52 then extrapolating over the weeks mentioned.

Click to expand...

We'd have no bonuses paid over summer, so that might bring it down a bit.

But again, none of us have a clue how the clubs finances are structured.

Grendel said:

I'm a summing around 3,000 per game at £10 per head and some other income.

The £1 million is taking annual wages overheads and dividing by 52 then extrapolating over the weeks mentioned.

Click to expand...

I think the word is assuming not summing.

clint van damme said:

the wage bill could be slashed even more drastically looking at the results of the trust survey regarding ST renewals, not that that will come as a shock to anybody.

Click to expand...

That's good though because it's definitely going to force SISU out

Sent from my D6603 using Tapatalk

torchomatic said:

That's bollocks. Without Richardson and his "vision", we wouldn't be in the mess we find ourselves in and we certainly wouldn't have heard of SISU.

Richardson, Hover and the rest of them were the catalyst.

Click to expand...

They laid the foundations of this mess. SISU came in and created a problem instead of being a solution. Council just stood by and watched whilst they sold their souls to let 125+ years of City history go up in flames. The Phoenix is still somewhere amongst the ashes.