Is there seriously nobody at the club who can add up?
So the break even figure was 11000 until that was easily achieved and is now 14000 which I bet is under the average attendance for this season. Wonder what the break even figure would be in the championship where the average wage per player according to recent figures is around £6k a week
So JS said at recent SCG meeting which was on 24th Feb, that, we needed to own our own stadium.
CA has said in the last couple of days that we don"t. WTF
Anderson seems to be the one saying things that don't match other things.
Has he ever met Mowbray or Seppalla???
So JS said at recent SCG meeting which was on 24th Feb, that, we needed to own our own stadium.
CA has said in the last couple of days that we don"t. WTF
Don't worry.....we'll be playing 5-a-side.
Taken from the cash flow statements of SBS&L from 2008 to 2015
......................................................Loans...........repaid .........Pref shares
2008..........................................11039686................0..................0
2009..........................................12862369......2594038..................0
2010............................................3526120 .......864641.................0
2011..........................................11080888.......1563141.................0
2012............................................6275000.......4625236.................0
2013........................................... 5378000.......1178999.................0
2014............................................2808000..................0......3295000 (conversion of loans )
2015.......................................................0.................0.......1021192 (conversion of debt & interest)
Net amounts in 42,144,008 it would seem
So JS said at recent SCG meeting which was on 24th Feb, that, we needed to own our own stadium.
CA has said in the last couple of days that we don"t. WTF
accrued interest at 31/05/15 £2.7m
even if you take the loans gross it doesn't come to £60m
But physical investment of hard cash is not £60m
Unless the accounts are wrong ?
Now I know it can be said that a deal with Wasps COULD make sense COULD work that a new stadium was not ruled out but does it not appear that CA could be at odds with Seppala. It does come across as left hand not knowing what the right hand is doing.
It would be interesting to know what she actually said rather than a sanitised version of events in the minutes. I think most would expect to rule out a merger but shouldn't the question have been are you prepared to work with Wasps long term?
How does the legal action which we are told is nothing to do with CCFC go on to give CCFC its independence? (legals not stopping so more of this crap for some time to come)
So she has no idea as to outcome of the court case other than redemption for the club - what the hell does that mean?
Maddison money - so unlike we were told end of January only part of the Maddison money stays in the pot for the squad. The rest goes where?
Parachute payments are a misnomer aren't they in L1 - how much do you get for coming down from Championship to L1 ?
So had we not been successful of sorts we would have been in an increasingly difficult financial position because based everything on 11000 ave crowd and are spending above that. being out by 3000 equates to being over 500k out on the finances over a year. I thought we were targeted cash flow neutral and had steadied the finances - this doesn't seem too well controlled
The academy is important to the community. But how many academy players are first tem regulars? Unless they become first team regulars their worth is not enhanced. How do you build stable finances on the chance you might bring a "gem" out of the academy each season?
So is she prepared to "invest" rather than fund, if so how?
So with bigger crowds they have put some money in - I assume the £780k rolling finance that has been paid down 500k - put in to make the club self sufficient but it doesn't does it because it is borrowing more money isn't it?
Sorry how does owning our own ground make up for other teams getting parachute payments as well as other incomes. If we got up this or next season we still wont own our ground and I fail to see why Wasps would fall over themselves to release income streams for a short term commitment at the Ricoh. Bournemouth and Swansea might seem like small teams historically but Swansea's turnover in 2015 for instance was 103m of which 85m came from media & 7m from ticket sales hardly small at the moment
there are more questions but I give up....... as usual contradictions and lack of clarity from the owners
It would be interesting to know what she actually said rather than a sanitised version of events in the minutes. I think most would expect to rule out a merger but shouldn't the question have been are you prepared to work with Wasps long term?
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