Evo1883
Well-Known Member
I suppose from 2005 to 2024 though , 1 million pound is of different value
Hmmm, so all that hassle and we're back to the same kind of figure we started with!
A credit facility agreement? What's this loan actually for then? Running costs (but he said he'd fund them)? Something else?The club owes DK £6m via the parent company (this is from the CovCityCo Ltd accounts):
View attachment 34330
The increase should be substantially bigger this year though with bigger crowds and more expensive tickets , better sales of merchandise in the shop too
Add the exceptional item in note 4 - a past accounting adjustmentUnder a £5m loss. Pretty decent figures considering the start to last season. All those games being moved had a terrible effect on ticket sales.
Have we any figures from other championship clubs to compare to?
Bristol City made a pre tax loss of 22.2 mill in 22/23
Norwich 27.2 mill
Possibly initial input of funds ?A credit facility agreement? What's this loan actually for then? Running costs (but he said he'd fund them)? Something else?
So after two (three if you count Burton) spells of homelessness, we end up paying the same rent as was in the original agreement.
I really miss Sisus business acumen
That a typo in the official accounts?!The club owes DK £6m via the parent company (this is from the CovCityCo Ltd accounts):
View attachment 34330
Have you taken inflation in to account? And wasn’t the original rent more like £1.3m?So after two (three if you count Burton) spells of homelessness, we end up paying the same rent as was in the original agreement.
I really miss Sisus business acumen
To be even more pedantic, of course you can revert back. You do so by notifying companies house in n official document.“The club also reverted back to its historical name of Coventry City Football Club Limited”
I know it’s pedantic but you can’t “revert back”. It’s an official document ffs. Other than that I’m pleased.
That wouldn’t show on these accounts would they as the current license with Frasers didn’t start till the following yeardoes anyone know if we get anything else from the rent know, e.g food and beverage, a cut of the car parking? As this was a big issue back when we first moved out
At least we’re not reverting forwards, that’d just be confusing.“The club also reverted back to its historical name of Coventry City Football Club Limited”
I know it’s pedantic but you can’t “revert back”. It’s an official document ffs. Other than that I’m pleased.
Do the official documents allow you to revert forwards?To be even more pedantic, of course you can revert back. You do so by notifying companies house in n official document.
Totally agree re the freedoms. It feels like the latest landlord is more stable and less insecure in terms of not minimising the link between the football club and the CBS Arena.You only have to look at the stadium to see what we're getting for £1m in 2024.
It's pretty good. We've been given a decent amount of freedoms.
Can someone dumb this down for me. I mean, for a 5 year old.
If a 5 year old asks, "Are we in good shape financially" how would you respond.
I'm asking on behalf of all children out there. And a 5 year old asked me.
Probably yes by virtue of not spending all of the transfer revenue this year.I wouldn't say we are in brilliant shape, the operating loss is £7m which is a third of turnover. It's only in the football world that this sort of annual loss is tolerated every year. It'll be interesting to see if any of that loss can be plugged this year.
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Think it is a bit different, Forest own the stadium but the land it’s on is leased annd only has 33 years left so the council are proposing 1 million a year up from £250k.Apropos of nothing; Notts Forest (yes, I know, it annoys them) are throwing their toys out of the pram over a potential £1m yearly rent Nottingham Forest could quit City Ground over council rent row
The accounts talk about a net transfer spend of £8m subsequent to the 31 May but don't mention anything about the transfer income, not sure why that is?Probably yes by virtue of not spending all of the transfer revenue this year.
Jeez, The City Ground would be not only a huge loss to Forest but to Football in generalApropos of nothing; Notts Forest (yes, I know, it annoys them) are throwing their toys out of the pram over a potential £1m yearly rent Nottingham Forest could quit City Ground over council rent row
It is similar to forward planning ...At least we’re not reverting forwards, that’d just be confusing.
Agree though, the report does all seem really non-negatively, positive.
Do the official documents allow you to revert forwards?
That would be confusing.
But is that fair across a squad or in O'Hare case signing on fee,clearly not?
Stuff like this proves why it's important not to suddenly throw £25k a week on Hamer or O'Hare.
I'm sure Doug is desperate to keep it at this rate.
I’d be much happier if they were specific about what facilities and when they will be upgraded.View attachment 34333
Happy with the sound of that
Being as the only facilities we actually own are the training ground read between the linesI’d be much happier if they were specific about what facilities and when they will be upgraded.
We’ve heard generally about ‘infrastructure upgrades’ for years.
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