oldskyblue58
CCFC Finance Director
So what would you set a budget on for CCFC?
You can't actually set a budget on crowd numbers - it's conceivable the assumption on revenue at 11,000 assumed an incorrect percentage of full payers v concessions.
This whole break even thing.
I'd suggest the financial side was Brookfield wasn't it?
So there wouldn't be anything strange about the break even figure changing?He played a part in it Nick but left at the start of the season. I suspect he left because he had very little to do and what was needed to be done could be done at a much lower pay grade.
The thing about budgets though is that they dont have to be set in stone. They can be flexed or adjusted weekly even daily if necessary. A lot of the extra costs were added after Brookfield left. Therefore the managers and more importantly the directors and owner should have been very aware and at an early time of any budget over run or even need to change base assumptions.
So what would you set a budget on for CCFC?
He played a part in it Nick but left at the start of the season. I suspect he left because he had very little to do and what was needed to be done could be done at a much lower pay grade.
The thing about budgets though is that they dont have to be set in stone. They can be flexed or adjusted weekly even daily if necessary. A lot of the extra costs were added after Brookfield left. Therefore the managers and more importantly the directors and owner should have been very aware and at an early time of any budget over run or even a need to change base assumptions.
But of course it is always easy to blame someone no longer there
So there wouldn't be anything strange about the break even figure changing?
In other words, all this needing 11k-14k figures are a load of BS?
Does the average ticket price vary much from season to season?
I guess the thing that could have impacted this year was the introduction of the match packages, if they were more popular than expected the average ticket price would drop.
But of course it is always easy to blame someone no longer there
It's not just CCFC of course, but I do wish those higher up would take responsibility. They choose who to employ, after all. They set the terms of employment, and they sign off if things are to be done or not.
It's easy to blame someone lower down the chain, when they're basically carrying out orders.
Budget setting is a difficult and complex process as is forecasting.
It requires much talent, skill and experience and even then things can go rather awry.
So what would you set a budget on for CCFC?
The club should have been able to accurately estimate the break even figure as it has historical data on the composition of discounted vs full price tickets and it should have budgeted for ticket giveaways and special offers. To be off by such a large margin is gross incompetence.
On the other hand SISU and CA would find it difficult to justify another budget cut next year if we had exceeded our budgeted break even figure. I think the new figure of 14,000 is bollocks and the true break even figure is still 11,000. Bear in mind that they came up with that 11,000 estimate at a time when it looked unlikely we could get average crowds over 11,000.
If we ever look like exceeding the new "break even" figure of 14,000 they will probably revert back to McGinnity's old breakeven estimate which was 21,000. Basically they have to come up with a breakeven that exceeds our crowds otherwise the fans will realize that the excuses for selling our best players are bullshit.
Of course there's always the possibilty that some of the interest on the "not real" debt has been called in and this has risen the break even a few 1000?
I thought it could have been like this...
Anderson : 11,500 crowd is break even
Seppala: Great, with my interest on ARVO loans?
Anderson: Err, no that doesn't include the interest
Seppala: I want my f***ing interest paid
Anderson: Err OK, that’s 14,000 then
* Conversation imagined & bares no relationship to actual events or persons.
Estimated facts.
Hmm, I've got no problem seeing it as anything other than a massive cockup tbh. 11,000 doesn#'t seem entirely stupid to put your budget at. It's attainable, and possible to go over, and if we were way down we had a bunch of loans we didn't need to extend.
My only thought is someone worked out the budget at 11,000 based on 'normal' ticket prices, forgetting we were reducing them for this season...
More like half the scrotes in Cov try and get away with pensioner, disabled/carer or kids tickets...................same just happened at Brandon at the Bees, they offered a student rate and suddenly half of their crowd are full time students. The clubs can't win sometimes !
That much we know about CA already...but who else do we know who's tried to apply mathematics to business / football management?? Give you a clue, she's Euro-American too.
The club should have been able to accurately estimate the break even figure as it has historical data on the composition of discounted vs full price tickets and it should have budgeted for ticket giveaways and special offers. To be off by such a large margin is gross incompetence.
On the other hand SISU and CA would find it difficult to justify another budget cut next year if we had exceeded our budgeted break even figure. I think the new figure of 14,000 is bollocks and the true break even figure is still 11,000. Bear in mind that they came up with that 11,000 estimate at a time when it looked unlikely we could get average crowds over 11,000.
If we ever look like exceeding the new "break even" figure of 14,000 they will probably revert back to McGinnity's old breakeven estimate which was 21,000. Basically they have to come up with a breakeven that exceeds our crowds otherwise the fans will realize that the excuses for selling our best players are bullshit.
More like half the scrotes in Cov try and get away with pensioner, disabled/carer or kids tickets...................same just happened at Brandon at the Bees, they offered a student rate and suddenly half of their crowd are full time students. The clubs can't win sometimes !
I would be very interested to see the management accounts for the club and see in the "fees" to SISU or "Consultants" have recently been adjusted upwards. That could account for a steep rise in the financial targets for the club.
There haven't been any such fees
Oh well
Well I think in previous sets accounts there have been. I'm not going to look back and find it, but I recall that being reported at the time they were issued. Oh well!
So OSB is a liar then.
Spot on CJ
There haven't been any such fees
Oh well
So what would you set a budget on for CCFC?
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