And the hits just keep on coming! (1 Viewer)
- Thread starter The CableGuy
- Start date
The CableGuy
Well-Known Member
Can we call this 'Black Thursday' already?
It all seems to be failing apart, on and off the pitch.
It all seems to be failing apart, on and off the pitch.
LarryGrayson
New Member
we filled the accounts late for years under the last lot its not that big a deal really
hackneyfox
Well-Known Member
20,000? mmmmmmmmmmm
sternslovchild
New Member
The break even figure is not 22,000. It's more than likely down to 16 or so now.
When it was 22k, the wage bill was eleventy million a day. We pay buttons on wages in comparison. Reducing costs by a significant amount.
When it was 22k, the wage bill was eleventy million a day. We pay buttons on wages in comparison. Reducing costs by a significant amount.
hackneyfox
Well-Known Member
I'd been thinking the same stern, I was wondering why nobody had questioned the figure.
People are still claiming that you lose 80k per week, lazy journalism?
People are still claiming that you lose 80k per week, lazy journalism?
SkyBlueScottie
Well-Known Member
People claim that amount as that was the last figure previously mentioned by Ranson.
We're f@cked and we know we are, We're f@cked and we know we are....
We're f@cked and we know we are, We're f@cked and we know we are....
fellatio_Martinez
Well-Known Member
Bob Brolly is worried.
PANIC!!!!!!!!!
PANIC!!!!!!!!!
rob9872
Well-Known Member
The £80k I beleive is still quoted because they remain the last set of accounts filed at companies house. New accounts (which are for last season not this) will be available from May 2011, so we will still have no idea of the true figures and they do like to keep all financial matters a mystery.
sternslovchild
New Member
You see, I think they are actually making a profit now.
Sponsorship income up.
Wage bill down by loads.
Plus the Prozone income.
Sponsorship income up.
Wage bill down by loads.
Plus the Prozone income.
sternslovchild
New Member
I seem to remember it being signed over to the club or incorporated into the club/sisu in some way.
It adds up to a healthy annual turnover of 3.5m for Prozone, now owned by London-based investment firm Sisu Capital, who also run Coventry City.
http://www.yorkshireeveningpost.co....ming_the_face_of_the_beautiful_game_1_2252232
It adds up to a healthy annual turnover of 3.5m for Prozone, now owned by London-based investment firm Sisu Capital, who also run Coventry City.
http://www.yorkshireeveningpost.co....ming_the_face_of_the_beautiful_game_1_2252232
Disorganised1
New Member
Prozone is not owned by SISU, but is still Ransom's baby I think, but that is part of his investment.
SkyBlueScottie
Well-Known Member
I cant see them making a profit to be honest.....
LarryGrayson
New Member
thought we were debt free mate so no need to worry
The CableGuy
Well-Known Member
But match day and season ticket sales are down.
sternslovchild
New Member
match day income is and has always been pretty low.
10,000 season tickets at 300 quid covers 3mill pounds worth of wage bill.
Thats 3 players earning 10k a week. Over the past few years we have seen the wage bill as a whole reduce by well over this value.
Look, I am not making that number up. We really could and should be in the plus.
10,000 season tickets at 300 quid covers 3mill pounds worth of wage bill.
Thats 3 players earning 10k a week. Over the past few years we have seen the wage bill as a whole reduce by well over this value.
Look, I am not making that number up. We really could and should be in the plus.
Mumford and Daughter
New Member
Look at the facts
Conor Thomas was sold becasue we haven't any money and sellinga young player like that shows we were desperate for money.
We don't own the ground which is a massive burden to our finances.
We couldn't afford any loan players despite the squad down to bare bones
Gates down
Projective Season Ticket sales down
King going to Cardiff (Wages too high for the finaces)
RR resigning.
The facts don't look good really and still no press release from Sisu...
Conor Thomas was sold becasue we haven't any money and sellinga young player like that shows we were desperate for money.
We don't own the ground which is a massive burden to our finances.
We couldn't afford any loan players despite the squad down to bare bones
Gates down
Projective Season Ticket sales down
King going to Cardiff (Wages too high for the finaces)
RR resigning.
The facts don't look good really and still no press release from Sisu...
The CableGuy
Well-Known Member
So how come were the only team in this league without any loan players?
I'm not saying you're making anything up, but events over this season suggest a very different financial picture at CCFC.
rob9872
Well-Known Member
I am saying he is making things up
When I was at school, 3 x £10,000 x 52 did not equal £3m
hackneyfox
Well-Known Member
Our wage bill for last season (note last, so not icluding Yakubu etc) was £14.5m.
You'll probably find yours is a lot higher than you think.
You'll probably find yours is a lot higher than you think.
rob9872
Well-Known Member
On the 2009 set of accounts that I have, ours were £9.3m but still saddled with some significantly high wage earners in that. Doyle and Kyle were included on £8k ea p/w
I imagine now it will be more like £6m and after the final contracts of Eastwood, King, Doyle etc have come off next season I estimate it will be more realistic at about £4m. If an investor is looking at contracts and can get the club for nothing then even with low attendances it shouldn't be a million miles from being able to make it break even without too much difficulty.
I imagine now it will be more like £6m and after the final contracts of Eastwood, King, Doyle etc have come off next season I estimate it will be more realistic at about £4m. If an investor is looking at contracts and can get the club for nothing then even with low attendances it shouldn't be a million miles from being able to make it break even without too much difficulty.
