Fisher Lost The Plot (1 Viewer)
- Thread starter Skybluenutterman
- Start date
bawtryneal
Well-Known Member
That's why they are in League 2
It's were we will be soon if no investment made in the team
Investment in team = better performance on pitch = fans through the turnstiles= increased revenues
Nick
Administrator
Didn't that get explained with the ebit stuff?
shmmeee
Well-Known Member
Pinched from another forum:
In terms of overall financial distributions, all League clubs receive a share of what is called 'facility fees' which encompass broadcasting revenue, which for the current 15/16 season is as follows:
Facilities Fees (per club - '000)
Championship - £2.1m
League 1 - £680k
League 2 - £474k
Each club receives the same amount. There are no ladder payments depending on where clubs finish. However in addition, The Football League and Premier League have a separate agreement with regards to solidarity payments. Currently all clubs in The League therefore also receive a share of the solidarity money as follows:
Solidarity (per club - '000)
Championship - £2.3m
League 1 - £360k
League 2 - £240k
Clubs also receive money from live TV broadcasts as follows:
TV Broadcast fees per match (per club - '000) Championship - Home Club League £100k, away club League £10k League 1 - Home club League £30k, away club League £10k League 2 - Home club League£30k, away club League £10k
Aside from this clubs earn revenue through ticket sales, matchday income and non-matchday income streams. For any further specific information please contact clubs directly.
Thank you for contacting The Football League.
So youre talking a drop of £226k followinf relegation. Let's say we lose 3,000 fans at £10 a game that's another £690k, so just over £900k total drop in income.
Allegedly, we could pay for that out of profits now. Even if that's bollocks, we could easily have the wage bill (basically get rid of the top third of the squad).
Yeah we could break even in L2, especially if we can cut more costs.
skybluetony176
Well-Known Member
Even so I struggle to believe that any team in the top 4 leagues can survive without financial backing on crowds of 2K. Unless of course Grendull has some links to back his claim
bawtryneal
Well-Known Member
If we all agree that SISU/Otium are running CCFC as a business then by giving money to CCFC you are giving money to SISU directly and indirectly.
Assuming SISU are trying to make a profit or recover a return on their investment then money given to CCFC supports SISU
I have no problem with anybody who buys a season ticket or a shirt or programme but after 9 years of SISU I have very recently chosen NOPM.
I find it impossible to separate CCFC from SISU.
shmmeee
Well-Known Member
Even so I struggle to believe that any team in the top 4 leagues can survive without financial backing on crowds of 2K. Unless of course Grendull has some links to back his claim
Ah missed the 2k crowds bit.
That's 460,000 ticket income and £714k TV money. So total income £1.154m plus sponsorship and cup money.
It'd require a move to the Butts and playing the academy kids (which is basically free as we put in the same amount we get back from the FA IIRC) but maybe.
bawtryneal
Well-Known Member
Maybe top 7 in attendances but bottom 5 in turnover/revenues.
italiahorse
Well-Known Member
Depends where the £1M profit is going ??
If we did get a lucky run, SISU would leave us stranded taking all the profits. Nothing would go back into the team. We would be straight back down in a worse state. We will NEVER have success while SISU are here.
skybluetony176
Well-Known Member
As always an element of truth. He tried to pass it off as out and out profit but when pushed on it (by Dave Johnson I think) he admitted it was EBIT. He probably wouldn't have done so unless pushed so well done Dave for asking the right question. It put fisher on the spot and in a rare occasion for him he had to give the bigger picture rather than tell you something, without telling you anything and letting people assume we've turned a corner. It's what TF does. He doesn't lie, he just doesn't (by choice) tell you everything you need to know to get the full picture.
Nick
Administrator
I agree with that bit, if ccfc suddenly starts making lots of money then I would also seriously consider it.
I doubt it will be £1m profit when the accounts come out though will it?
bawtryneal
Well-Known Member
I don't think so
EBIT. Earnings before profit and tax
In my mind that is Operating profit before any exceptional items. Depending on your auditor it depends what you can put " below the line".
SISU/Optium are removing money from the club therefore those that choose to spend money with CCFC are supporting the current regime. If you are okay with that, then fine.
Nick
Administrator
So which money is being removed?
It just had been explained to you but yet again you pull the wool over your eyes either to a) push SISU propaganda b) wind people up or c) simply get kicks out of being a contrarian. Whichever one of these it is, it's pretty sad.
Nick
Administrator
What propaganda is being pushed? Can you quote it?
It still hasn't been explained has it. Just saying "SISU own CCFC" doesn't explain it.
Grendel
Well-Known Member
Ironic given you now seem to be quoting fisher for factual accuracy both on profit and gates.
Starting with the £1 million profit I believe the accounts for the period covered have not been released. Even he admitted that the operating losses were actually close to £2 million and the player sale covered the shortfall. What I expect you will see is a loss unless the player sale cash upfront was sufficient to cover the shortfall. The sake money is used for cash flow management. When fisher talks about break even he really is talking managing cash flow to maintain the business -balance costs and revenues.
Regarding budgets again this is a red herring. I doubt he knows where we are in terms of placing a and the argument is used to sustain his 365 revenue debate. The truth is in wage bills not budgets and it's very obvious most clubs operate below the level of budgets.
bawtryneal
Well-Known Member
Can I ask you a question first please.
Why do you think Joy Seppala is still involved with the club.
Nick
Administrator
I think we match it, so would still cost about 600k depending on what status it would be then.
Nick
Administrator
That doesn't explain how my ticket money is going to her does it?
Surely you would have more of an idea than most about the goings on at CCFC so can explain why she is involved?
bawtryneal
Well-Known Member
Management charges
Nick
Administrator
How much are they?
italiahorse
Well-Known Member
I'm with OSB58 on this.
Other incomes don't have to be at the Ricoh.
I already think that they are talking about a joint venture at the Butts.
But it could be so much more if they wanted. Build hotels and complexes offsite, perhaps attach them to the 'new' training ground.
As I see it though, Sisu don't really want to invest in infrastructure so it needs to be given to them or wrestled off others.
italiahorse
Well-Known Member
You'll need a forensic accountant for that one ?
Question. Do you think TF is working for nothing ?
bawtryneal
Well-Known Member
A very long answer required and I have jobs to do but very simply
She is only still involved to recoup as much of the initial investment as possible
This can happen in 1 of 3 ways
1.Through continued court action
2.Sell CCFC
3.Profit or management charges via CCFC
The only realistic opportunity in the next two years is though number 3. Therefore a % of your £250 season ticket goes to SISU. Probably only 5%
Anyway, PUSB and let's hope we beat Peterborough.
Nick
Administrator
I can understand if ccfc makes loads of money and start taking dividends from CCFC.
How much have the management charges been last year?
You still aren't telling me categorically how my money from my season ticket got to SISU, you are guessing.
People are making out that the money is going direct to SISU, my ticket money is going to Joy and not to CCFC and if you didn't ask how it all sounds rather believable the way it is said as fact over and over again.
hutch1972
Well-Known Member
The thought of conference football in a year or 2 frightens the shit out of me after watching Eastleigh last night.
They have invested upwards of 5 mill and the football made even us look like Barca, it was incredibly poor.
Reda left the pitch after 20 mins with hamstring trouble and was replaced by David pipe !! Remember him ?
bawtryneal
Well-Known Member
Would love to know why you think JS is hanging around.???
Nick
Administrator
Would love to know why so many people keep saying my ticket money is going to SISU rather than CCFC as if it is a fact but then when asked how they hazard guesses and maybes.
If players don't get paid and millions suddenly vanishes into Joy's bank account then I would start believing that and wouldn't be going either.
bawtryneal
Well-Known Member
I do not know exactly as have not seen documented proof but £475k has been suggested to me.
Nick
Administrator
skybluetony176
Well-Known Member
Looking at average attendances there's only 3 teams with less than 2K average. Morecombe, Barnet and Accrington Stanley. All have a history with non league rather than league so don't exactly have illustrious past's in their current guises and the only one competing at the right end of the table is Barnet who's owner has invested alot of money in the club. £ 31M on ground and training ground for starters. Couldn't really find out too much on the finances of Morecombe and AS. Might have a look again when I've got more time.
bawtryneal
Well-Known Member
Astute
Well-Known Member
We supposedly made 1m profit last season. Yet our player budget seems to be much lower. They are in the process of selling our training ground. Looks like we will rent our next one.
Do you think that these millions will stay with our club?