Nick
Administrator
Think we're up there still
Another nice positive article in the CT (25 Viewers)
- Thread starter chiefdave
- Start date
chiefdave
Well-Known Member
So where did you get £25K from?
SkyBlue_Bear83
Well-Known Member
I'm thinking he's basing that on the other day it was predicted our turnover for the coming season would be £5-5.5 million. Yet we've been told our budget will be the same which will be £2-2.5 million.
So rather than being in the know he's just drawing conclusion from the number that have been reported.
chiefdave
Well-Known Member
But he's gone from that to saying that SISU are taking millions out. Someone needs to tell him turnover and profit aren't the same.
SkyBlue_Bear83
Well-Known Member
Yea wasn't commenting on that, just responding about his tweet about only 40% of income being spent.
heard it when we got him on loan with the option to buy him, didnt bother checking it out, as he was from Dagenham and Redbridge i didnt expect it to be £300k
stupot07
Well-Known Member
Plus the £2-2.5m in my mind was just the playing budget, theres a lot more wages to be paid, stewards, manager and coaching staff, medical staff, groundsman at Ricoh, tea lady, backroom staff, etc, before you look at all the other stuff.
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chiefdave
Well-Known Member
Exactly, he could be right to say 40% is the player budget without it meaning the club is not being run as self sustaining and someone is taking money out.
SkyBlue_Bear83
Well-Known Member
You're right, I'm just speculating at where he could have got the 40% figure and my guess is that is what he is basing it on
Nick
Administrator
Oh dear, I think that's why people don't like places like here. Because people don't just believe the shite all the time.
trondegilsoltvedt97
Active Member
Poorly written and researched. Clearly 'Juggy' doesnt remember the transfers of McKenzie and Eastwood in, as well as Jones. Wasn't Deegan released, and Jordan Clarke/Daniels too?
However, it's been lapped up on the Telegraph Facebook page, and will produce lots of clicks for the website.
Jim Brown I think has greatest grasp on facts that Juggy, but that wouldn't be as popular a story...
However, it's been lapped up on the Telegraph Facebook page, and will produce lots of clicks for the website.
Jim Brown I think has greatest grasp on facts that Juggy, but that wouldn't be as popular a story...
Winny the Bish
Well-Known Member
This is atrociously written, with cherry-picked numbers and is a rant rather than an opinion. No self-respecting editor would actually allow something like this on their website.
Nick
Administrator
He was saying since league one I think, we got a fee for Clarke
trondegilsoltvedt97
Active Member
To be fair, you're right there. Point still stands on rest of it though!
The 40% is on players wages - I think CA quoted it somewhere
WASPS / JLR ? pay more for advertising?
letsallsingtogether
Well-Known Member
Has anyone disproved it though people are asking for proof yet give none themself.
I for one don't give a fuck it will all come out one day, one way or the other. .
chiefdave
Well-Known Member
The club is running at a loss, SISU had to put more money in this season to cover the shortfall and also Maddison had to be sold. How do you get from there to SISU taking out millions?
dongonzalos
Well-Known Member
chiefdave
Well-Known Member
But where do you draw the line? Could I have a piece about the EDL march today saying 5,000 of them turned up all dressed up as Hitler goose-stepping around town?
dongonzalos
Well-Known Member
Did he just miss a 0?
dongonzalos
Well-Known Member
Is his point that far fetched?
I read a lot of the letters in the telegraph and quite a few u disagree over what I feel are inaccuracies.
I would totally get your point if Simon Gilbert wrote it. However isn't this just his opinion?
chiefdave
Well-Known Member
In a word yes! We have a club losing millions and he's saying there's loads of money left over every season that the owners are taking out.
dongonzalos
Well-Known Member
I don't agree with the article let me get that straight.
However they put in 750k which was paid back very quickly via the sale of Maddison. Maddison was not sold for 750k
Maddison's money is to go to future season yet our transfer budget is the same and ticket prices have gone up in order to sort out the void from last season's mistake regarding the break even figure?
Nick
Administrator
Only a little bit was paid back wasnt it?
dongonzalos
Well-Known Member
Oh, I thought it was the lot?
So has all the Maddision money got to go on paying back the loan?
I thought the loan was only £750,000?
Nick
Administrator
Yeah but didn't they only pay back a bit?
Rusty Trombone
Well-Known Member
According to the notes to the May 15 accounts they put in £780k, and had £250k back sometime before end of Feb 16 which was when the accounts were signed.
Nick
Administrator
That's the one
dongonzalos
Well-Known Member
Ah ok so effectively they put in let's say an extra 800k
Another 550k is still outstanding
Season ticket prices have gone up in order to cover the mistake made made last season.
So unles the increase in season ticket sales doesn't cover it. Are we saying we only got 800k before add ons for Maddison?
Nick
Administrator
Where's that come from?
Grendel
Well-Known Member
Why bother?
dongonzalos
Well-Known Member
Am I missing something or are
Maybe I am completely misunderstanding everything?
However I am under the impression we borrowed around 750 k due to the error over the break even point.
If we paid back 250k.
We still owe around 500k.
Pay back 250k
Owe 500k
Increase ticket prices for next season to rectify the mistake.
Budget the same this session as last season
Did we only get 750-800k for Maddison?
Does that make sense or have I lost the plot?