torchomatic
Well-Known Member
Exactly.
CCFC 2018/2019 Accounts Thread! (17 Viewers)
- Thread starter torchomatic
- Start date
Exactly.
speedie87
Well-Known Member
Stokes went to bury
mark82
Super Moderator
Think he moved on a free transfer though when he was out of contract. Might be wrong.
Grendel
Well-Known Member
Operating losses increasing - the turnover I assume includes player sales - it’s grim reading
mark82
Super Moderator
Think I might have done it by accident, was just trying to figure out how to undo it.
Liquid Gold
Well-Known Member
Would you rather have Wasps' accounts or ours?
Things will come to a head soon enough. We're well placed to take advantage of their situation falling apart.
Things will come to a head soon enough. We're well placed to take advantage of their situation falling apart.
Nick
Administrator
CovInEssex
Well-Known Member
Really low, I'm a partner in a company of 29 people and we could spend that in a month easily.
mark82
Super Moderator
That's what happens when you get promoted though. Costs are going to go up.
It's not all great, would be much better if we had control of our revenue streams, but with the situation we're in it's not bad either.
Grendel
Well-Known Member
They are pretty similar - other than the fact we have no physical assets
SlowerThanPlatt
Well-Known Member
You’d have to question whether it’d be worthwhile for us to spend a significant amount on that though. Our fanbase is what it is and our reach only probably goes to about Warwickshire
skybluesam66
Well-Known Member
Fortunately the trajectory of each club is totally opposite
Liquid Gold
Well-Known Member
Or a £35m repayment due with refinancing looking increasingly difficult and an owner burning through the majority of his personal fortune.
mark82
Super Moderator
Would be interesting to compare to other "similar" clubs at our level. Portsmouth, Peterborough, Doncaster, etc. Imagine Sunderland's would make for some interesting reading.
Grendel
Well-Known Member
Wages have only gone up by 10% haven’t they? Profit on players sales have gone up by 4 fold. What has promotion got to do with anything
Grendel
Well-Known Member
Sunderlands is unique but they have a very high asset value on the stadiums worth
Grendel
Well-Known Member
It’s not dissimilar. The declared debt we still have owing is £20 million which in reality is secured against nothing
anyone who thinks we are ever having a new stadium is deluded with these figures and next years will be alarming
skybluesam66
Well-Known Member
there is opportunity that we do not use
Student populations - 55000 people go to the 2 universities in the city - if we could get 5% of those interested even offer them a £100 season ticket (or birmingham students if still at St Andrews) or match tickets for £7
Family day out ticket (add in travel/programme/pop and crisps for the kids)
Find out which 2018/19 season ticket holder has not yet been to St andrews and give them a free ticket
etc
none of these cost a great deal of marketing in the digital age
skybluesam66
Well-Known Member
probably not
£4m debt will increase to £6m due to St andrews
This will reduce to around £2m due to MCCallum and cup income
at that stage you then have a bigger asset in the team and club being in the championship
Grendel
Well-Known Member
I don’t see where you get that calculation from. Players sales in this next year I’d expect to be a lot less than that in these accounts as the fee for McCallum up front is about it along with the Chaplin sale partly offset by Godden purchase
Our March day turnover will be massively down. Doubt we made a significant amount from the cup
Cost of renting St Andrews vs these accounts costs fit the Ricoh I’d guess at an extra £1 million?
Londonccfcfan
Well-Known Member
What if Maddison wasnt sold Norwich(out of our control). This would have been a 3 million loss? Or a fire sale of other sellable assets?
SlowerThanPlatt
Well-Known Member
Were we really paying £4m in wages in League Two?
D
Deleted member 5849
Guest
This is what troubles me. The game of chicken is fine as long as it pays off.
Liquid Gold
Well-Known Member
I doubt Fisher was sat their with the accounts wondering when best to stir shit up on SBT.
Nick
Administrator
Erm, the accounts were released today which is why the thread is here?
Philosoraptor
Well-Known Member
I have a question:
Has there been any transfer of money of debt out of whatever company these accounts are for, to another in the chain of companies. For example the covering of debt repayment.
And if so, how much?
Has there been any transfer of money of debt out of whatever company these accounts are for, to another in the chain of companies. For example the covering of debt repayment.
And if so, how much?
Kingokings204
Well-Known Member
it was after promotion. Reason given as increased costs of promotion as it would be if we went to the championship.
4.6m is wages and salaries but playing budget probably a million or so less.
Grendel
Well-Known Member
That looks high - does it include director remuneration
Gibbo
Well-Known Member
Sell Bayliss acquire Allen sounds a good model to me
Grendel
Well-Known Member
It’s £4.2m In the promotion season but all salaries seem there
tisza
Well-Known Member
nope. it's a scare tactic for the twitter brigade