torchomatic
Well-Known Member
But what's the point in having a Rolls Royce if you can't afford to tax, insure and put petrol in it?
skock, horror. you'll be telling me next that a rolls royce isn't the same cost to buy and run as a hillman imp. come to your senses man
Depends how you define these terms; support or follow.
As very very few attend practically every game most of us are a mixture of the two. We are fans of the club, our attendance at any given time is down to all sorts of reasons and probably beyond accurate analysis.
Let's be honest the posters on here have been fans over different time scales, live all over the place, have had their own experiences as fans, have their own unique commitments away from the club....we all have our own take on various episodes in our history. We all have our own solutions to problems.
Ultimately we are all fans, non can say we are better or more worthy than another. Non of us know how our personal situations will change in the future.
My point is we have a fantastic fan base, at the moment it is under utilised by the club.
skock, horror. you'll be telling me next that a rolls royce isn't the same cost to buy and run as a hillman imp. come to your senses man
But what's the point in having a Rolls Royce if you can't afford to tax, insure and put petrol in it?
But what's the point in having a Rolls Royce if you can't afford to tax, insure and put petrol in it?
Yes they didn't include matchday costs in the free rent offer.
Who would have though matchday costs would cost more at a 32,000 seater state of the art stadium over a shitty tin shed in Northampton with 1/5 of the attendance?
ACL are mixing match day costs and rent.
At Northampton, Rent includes; all stadium related first team match day services including pitch maintenance, utilities, refuse collection and covers the following facilities - the pitch, the stadium, the stadium seating, the changing rooms, hospitality suites and banqueting areas, match day staff facilities, media facilities.
The stadium also provide all catering staff, all grounds men. The licensee (the club) separately provide stewards, crowd doctor, crowd ambulance, player ambulance.
The ACL proposal comprised a license fee of per match plus match day costs, defined as charges to maintain and manage pitch, utilities, waste, hygiene, match day stadium maintenance salaries, statutory service contracts. The total is north of 12K per match. This is, of course, rent/facility fee.
You know the one thing not picked up on is that the staff costs exceed the turnover by 468k (ie are 107% of turnover). Put interest, rent etc to one side for a minute..... there is no way a business is viable doing that.
You know the one thing not picked up on is that the staff costs exceed the turnover by 468k (ie are 107% of turnover). Put interest, rent etc to one side for a minute..... there is no way a business is viable doing that.
I think their argument was that it wasn't actually free rent at all.
But what's the point in having a Rolls Royce if you can't afford to tax, insure and put petrol in it?
You know the one thing not picked up on is that the staff costs exceed the turnover by 468k (ie are 107% of turnover). Put interest, rent etc to one side for a minute..... there is no way a business is viable doing that.
skock, horror. you'll be telling me next that a rolls royce isn't the same cost to buy and run as a hillman imp. come to your senses man
You know the one thing not picked up on is that the staff costs exceed the turnover by 468k (ie are 107% of turnover). Put interest, rent etc to one side for a minute..... there is no way a business is viable doing that.
Wouldn't this still show the "bomb squad"? It will be interesting to see with this squad and if anybody has been laid off that percentage.
Cheers osb - I'm no financial expert but I started a thread saying exactly that a few hours ago - of course this is all SISU's fault rather than a symptom of systemic problems within the game.
They weren't the bomb squad then - they were actually playing.
Cheers osb - I'm no financial expert but I started a thread saying exactly that a few hours ago - of course this is all SISU's fault rather than a symptom of systemic problems within the game.
It should have been put to them that they could quite easily go about building a new stadium whilst still playing at the Ricoh on an interim basis, incurring much less financial distress in the process. The premise of owning our own ground is something most of us would agree with but the way this idea has been executed is horrendous.
I just meant the high earners. Would that have taken a chunk out as I can't imagine any of the new signings being on McSheffrey wages.
As Fernando stated recently I believe they attempted to agree this with ACL but it was rejected.
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Wouldn't this still show the "bomb squad"? It will be interesting to see with this squad and if anybody has been laid off that percentage.
As Fernando stated recently I believe they attempted to agree this with ACL but it was rejected.
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Again. This was during a time where noone could guess what was to come.
Why didn't Sisu just started building the new ground? ACL would've been all "lol alright then" and then they can pull the ole Golden Share switcharoo when the new ground is finished.
Thanks for posting that up Robbo
My take on that article is that it is the club saying this is the questions we want you to ask so that we can make the statements we want to. Not exactly probing are they.
Final question on the loans I have for them. If they are not proper loans then why has it not all been converted to share capital? because that would immediately improve the appearance of the balance sheet and make the club look more financially sound, reduce overheads because no interest to pay, improve profitability (at least reduce losses) etc. If not loans what is stopping them doing that because apparently they are not looking to take the money out ..............:thinking about:
Again. This was during a time where noone could guess what was to come.
Why didn't Sisu just started building the new ground? ACL would've been all "lol alright then" and then they can pull the ole Golden Share switcharoo when the new ground is finished.
Again. This was during a time where noone could guess what was to come.
Why didn't Sisu just started building the new ground? ACL would've been all "lol alright then" and then they can pull the ole Golden Share switcharoo when the new ground is finished.
Exactly, it seems like they rejected because they thought they had the upper hand with the lease? Nobody has an issue with this though?
I would hazard a guess to answer your question OSB, if Sisu converted the figure you previously stated you aren't putting off people buying the Club as much as you could via keeping it in it suits you.
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Not really. We STILL don't really believe the new ground stuff. The majority view was (and is) that this was an attempt to distress ACL. Why should ACL sign their own death warrant?
Sisu should've called the reduction in rent a win and moved on. Instead they've got greedy and probably killed the club for the foreseeable future.
It's the seat of your pants leadership that I have an issue with.
You want to fuck over ACL and move to a new ground because it's better for the club? Fine.
You want to get out of the lease through dodgy legal manoeuvres? Fine.
You want to spoil a relationship with the local council and charity that have long been supportive of the club? Fine.
But why on earth move the club to Sixfields? Why do it all last minute? Why not do it properly and ensure the long term health of the club is good? Why destroy the first two seasons where we actually might have won something and gained fans for the first time in 30 years by putting us into admin?
There was no pressing reason at all to go on rent strike last year (remembering of course that the only reason for the rent strike was to start into motion the events that lead us to admin).
The plan is questionable morally, but it's downright suicidal in terms of execution.
There's a reason hedge funds don't run companies long term. It's because the mindset required is completely at odds with a successful long term business.
Not a bad guess I would think Robbo but what is in the best interests of the club ? Keep being told people (including TF & ML) are only interested in what is best for the club. Keeping the loans is to SISU's benefit not the Clubs and that is a separate interest to CCFC. There is always the words "No its not for sale" quite simple, clear and to the point. Also wouldn't expect their "Bank" Arvo to convert much more than they have so that's a barrier to any potential purchaser that wont go away
Would you of felt better about them doing it that way then not doing it in a honest yet painful manner?
At the moment you have the Club stating "We are doing this, that and the other" but you'd of been happy if they turned around one day and said "Fuck you ACL we are moving into Legoland next season, it's already built, we never consulted fans on location, design, etc and they have to live with it?"
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Exactly, it seems like they rejected because they thought they had the upper hand with the lease? Nobody has an issue with this though?
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