Deleted
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Post by Deleted on Mar 3, 2018 10:11:40 GMT
THe latest accounts will be for the financial year ending in April or May 2017 so won't inc any transfers for from this summer or January plus they won't include the costs of setting up the Development Squad or money spent, read wasted, on the pitch. I assume they will include the cost of tarting up the South Stand and the new SW Stand plus MT's transfer fee, what's worrying is they seem to have spent more this season!! Incidentally are the accounts copyright protected or can somebody upload them to google docs etc so we can all view them? Maybe there is more spent this season because of having a paid Chairman,Commercial manager and if there is interest being paid to the owners ? I don't know where the money goes,maybe the accounts will reveal some of it. I do wonder how long football clubs (not just Rovers) can carry on whilst making loses and owing such large amounts ?
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eppinggas
Administrator
Ian Alexander
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Post by eppinggas on Mar 3, 2018 11:10:24 GMT
THe latest accounts will be for the financial year ending in April or May 2017 so won't inc any transfers for from this summer or January plus they won't include the costs of setting up the Development Squad or money spent, read wasted, on the pitch. I assume they will include the cost of tarting up the South Stand and the new SW Stand plus MT's transfer fee, what's worrying is they seem to have spent more this season!! Incidentally are the accounts copyright protected or can somebody upload them to google docs etc so we can all view them? Let's assume that transfer activity is neutral over the last couple of years (as laughinggas says no-one 'knows' the exact numbers) - but I think we can agree that the net effect is roughly flat. I would conclude the expenditure I can see beyond the 'minimal' is the Development Squad and relaying the pitch (I wonder if DC insisted on this)? Has the South Stand gazebo been tarted up? I'm not knocking the Al-Qadi's - but if people think they are making a significant financial investment in BRFC... I think that is wide of the mark. Unless you want to equate 'significant financial investment' with 'covering shocking annual losses'. Don't get me wrong - as long as they continue cover the annual losses - I am grateful to them.
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Post by The Concept on Mar 3, 2018 11:23:03 GMT
There are other areas in which expenditure has gone up, most markedly in the medical side of the club. An increase in staff in the medical department, which has a knock on effect down through the levels, now that we have a Development Squad and greater support for the Youth Team, and Academy. There are other small things which all add up, such as meals provided at training sessions, and I imagine more overnight stays ahead of away games.
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Post by Deleted on Mar 3, 2018 11:31:52 GMT
I'm struggling to see where the money is going. Even at the height of ''Higgs' Folly'' where we were bringing in players left right and centre to try to avoid relegation, and paying off a manger every couple of months, losses were only being reported at circa £20k a week, so roughly half what they are now. OK, we are now paying Hamer to do whatever it is he does, and for a while we had Holts and Tom Gorringe, but prices for all areas of hospitality have gone up, a lot in recent years. You can see here, european-football-statistics.co.uk/attnclub/brir.htm , how much our attendances have gone up in the last 2 years, in fact, since these owners took over 2016 was the 2nd highest since 1977, last season was the highest for 40 years. So it's not as if we aren't feeding our money into the pot. What's going on? I think we need answers, if nothing else to calm our red neighbours down a bit. I don't know what came over me but I thought it would be funny to look at their forum last night and see how they reacted to falling down to 8th position, I was shocked to see, they have a thread about us that is 617 pages long! (I kid you not, six hundred and seventeen pages) Talk about obsessed!
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Post by Henbury Gas on Mar 3, 2018 12:04:53 GMT
I'm struggling to see where the money is going. Even at the height of ''Higgs' Folly'' where we were bringing in players left right and centre to try to avoid relegation, and paying off a manger every couple of months, losses were only being reported at circa £20k a week, so roughly half what they are now. OK, we are now paying Hamer to do whatever it is he does, and for a while we had Holts and Tom Gorringe, but prices for all areas of hospitality have gone up, a lot in recent years. You can see here, european-football-statistics.co.uk/attnclub/brir.htm , how much our attendances have gone up in the last 2 years, in fact, since these owners took over 2016 was the 2nd highest since 1977, last season was the highest for 40 years. So it's not as if we aren't feeding our money into the pot. What's going on? I think we need answers, if nothing else to calm our red neighbours down a bit. I don't know what came over me but I thought it would be funny to look at their forum last night and see how they reacted to falling down to 8th position, I was shocked to see, they have a thread about us that is 617 pages long! (I kid you not, six hundred and seventeen pages) Talk about obsessed! and they love to post about me because i proved them wrong... makes me laugh when i read it
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Deleted
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Post by Deleted on Mar 3, 2018 12:21:09 GMT
I'm struggling to see where the money is going. Even at the height of ''Higgs' Folly'' where we were bringing in players left right and centre to try to avoid relegation, and paying off a manger every couple of months, losses were only being reported at circa £20k a week, so roughly half what they are now. OK, we are now paying Hamer to do whatever it is he does, and for a while we had Holts and Tom Gorringe, but prices for all areas of hospitality have gone up, a lot in recent years. You can see here, european-football-statistics.co.uk/attnclub/brir.htm , how much our attendances have gone up in the last 2 years, in fact, since these owners took over 2016 was the 2nd highest since 1977, last season was the highest for 40 years. So it's not as if we aren't feeding our money into the pot. What's going on? I think we need answers, if nothing else to calm our red neighbours down a bit. I don't know what came over me but I thought it would be funny to look at their forum last night and see how they reacted to falling down to 8th position, I was shocked to see, they have a thread about us that is 617 pages long! (I kid you not, six hundred and seventeen pages) Talk about obsessed! and they love to post about me because i proved them wrong... makes me laugh when i read it Did you tell them where the agenda was hidden? Can you imagine a thread of 620 pages on here about 1982? Our admin team's heads would explode!
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Deleted
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Post by Deleted on Mar 3, 2018 12:26:24 GMT
and they love to post about me because i proved them wrong... makes me laugh when i read it Did you tell them where the agenda was hidden? Can you imagine a thread of 620 pages on here about 1982? Our admin team's heads would explode! it would be moved, anchored and closed after 2 pages! can not be having anything like that on this forum.
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,284
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Post by kingswood Polak on Mar 3, 2018 13:58:03 GMT
THe latest accounts will be for the financial year ending in April or May 2017 so won't inc any transfers for from this summer or January plus they won't include the costs of setting up the Development Squad or money spent, read wasted, on the pitch. I assume they will include the cost of tarting up the South Stand and the new SW Stand plus MT's transfer fee, what's worrying is they seem to have spent more this season!! Incidentally are the accounts copyright protected or can somebody upload them to google docs etc so we can all view them? They seem to waste a ton of money on so called consultation experts whi them mysteriously disappear, with nothing being said by the club. They arrive to a fanfare but leave like in a black ops mission. I imagine all the trips to stadium MK and others didn’t come cheaply but have no idea in reality. Maybe that is coveted in the 900K write off but their fees surely wouldn’t be, would they ? I would doubt the accounts are copyright protected as I’ve seen them in the public domain as someone up.oafed them to a Facebook thread when asking someone to make sense if them, for them
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
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Post by kingswood Polak on Mar 3, 2018 14:03:06 GMT
The accounts say there was only a few thousand in the bank so cash flow may be an issue. ta! 9,300 of your British pounds, earthling !
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
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Post by kingswood Polak on Mar 3, 2018 14:08:21 GMT
THe latest accounts will be for the financial year ending in April or May 2017 so won't inc any transfers for from this summer or January plus they won't include the costs of setting up the Development Squad or money spent, read wasted, on the pitch. I assume they will include the cost of tarting up the South Stand and the new SW Stand plus MT's transfer fee, what's worrying is they seem to have spent more this season!! Incidentally are the accounts copyright protected or can somebody upload them to google docs etc so we can all view them? Would you like to see them ? If so I can send by message, I think ?
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
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Post by Peter Parker on Mar 3, 2018 14:20:42 GMT
THe latest accounts will be for the financial year ending in April or May 2017 so won't inc any transfers for from this summer or January plus they won't include the costs of setting up the Development Squad or money spent, read wasted, on the pitch. I assume they will include the cost of tarting up the South Stand and the new SW Stand plus MT's transfer fee, what's worrying is they seem to have spent more this season!! Incidentally are the accounts copyright protected or can somebody upload them to google docs etc so we can all view them? They seem to waste a ton of money on so called consultation experts whi them mysteriously disappear, with nothing being said by the club. They arrive to a fanfare but leave like in a black ops mission. I imagine all the trips to stadium MK and others didn’t come cheaply but have no idea in reality. Maybe that is coveted in the 900K write off but their fees surely wouldn’t be, would they ? I would doubt the accounts are copyright protected as I’ve seen them in the public domain as someone up.oafed them to a Facebook thread when asking someone to make sense if them, for them Well certain fees, 'research and development' have different accounting treatments etc, without going into details. However as UWE is dead all this is in the accounts as a loss as either part of operational losses or part of the write off
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
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Post by kingswood Polak on Mar 3, 2018 15:55:58 GMT
They seem to waste a ton of money on so called consultation experts whi them mysteriously disappear, with nothing being said by the club. They arrive to a fanfare but leave like in a black ops mission. I imagine all the trips to stadium MK and others didn’t come cheaply but have no idea in reality. Maybe that is coveted in the 900K write off but their fees surely wouldn’t be, would they ? I would doubt the accounts are copyright protected as I’ve seen them in the public domain as someone up.oafed them to a Facebook thread when asking someone to make sense if them, for them Well certain fees, 'research and development' have different accounting treatments etc, without going into details. However as UWE is dead all this is in the accounts as a loss as either part of operational losses or part of the write off Thank you for the clarification Peter Parker. As you can probably tell I’m not au fait with the accounts side of things and sending me them was about as much good as piles for a jockey. Regardless, I find it very difficult to see how we are continually haemorrhaging this amount of money. If memory serves I seem to remember a time, at the mem and when Geoff Dunford was yer man, that we had a period of not making any losses. Am I right or am I maybe planting false memories ? It’s a good while back but it seems there was that time. Watola said the break even figure was 9,500 I believe. What has happened to that and IF Dwane sports bought the training ground and are a separate entity then I don’t understand it at all. I would imagine you have seen the accounts anyway but it just as well be in a foreign or alien language to me as I can’t make head nor tail of them. All I understand is the bottom line, we are losing money hand over fist. A little bird tells me some good ole yankees were shown around last week but interest has cooled since. Can’t be totally sure of this source but has been pretty reliable before.
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eppinggas
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Ian Alexander
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Post by eppinggas on Mar 3, 2018 16:14:04 GMT
I am pretty sure (someone will correct me if not)... that we were debt-free in 2006? I also remember a very optimistic Tony the Til saying breakeven was around that number - but was expecting to lose £500k that year on gates around 1000 lower. I remember thinking at the time - WTF?!? What business plans to lose 500k a year? Anyway - we've moved on now - it's upto £2mil. As long as the Al-Qadi's keep paying it. Happy days.
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Post by droitwichgas on Mar 3, 2018 21:16:07 GMT
THe latest accounts will be for the financial year ending in April or May 2017 so won't inc any transfers for from this summer or January plus they won't include the costs of setting up the Development Squad or money spent, read wasted, on the pitch. I assume they will include the cost of tarting up the South Stand and the new SW Stand plus MT's transfer fee, what's worrying is they seem to have spent more this season!! Incidentally are the accounts copyright protected or can somebody upload them to google docs etc so we can all view them? Would you like to see them ? If so I can send by message, I think ? I wouldn't mind seeing them but don't think you can attach them to a message?
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Post by droitwichgas on Mar 3, 2018 21:30:24 GMT
I'm struggling to see where the money is going. Even at the height of ''Higgs' Folly'' where we were bringing in players left right and centre to try to avoid relegation, and paying off a manger every couple of months, losses were only being reported at circa £20k a week, so roughly half what they are now. OK, we are now paying Hamer to do whatever it is he does, and for a while we had Holts and Tom Gorringe, but prices for all areas of hospitality have gone up, a lot in recent years. You can see here, european-football-statistics.co.uk/attnclub/brir.htm , how much our attendances have gone up in the last 2 years, in fact, since these owners took over 2016 was the 2nd highest since 1977, last season was the highest for 40 years. So it's not as if we aren't feeding our money into the pot. What's going on? I think we need answers, if nothing else to calm our red neighbours down a bit. I don't know what came over me but I thought it would be funny to look at their forum last night and see how they reacted to falling down to 8th position, I was shocked to see, they have a thread about us that is 617 pages long! (I kid you not, six hundred and seventeen pages) Talk about obsessed! I guess that's the issue we all want a better Academy, the players allowed overnight accommodation, Clarke & Bodin offered decent contracts, a Commercial Manager employed etc, etc, the problem is that all costs money, so adding £500K for all that to the losses NH was already incurring then add the £500K interest and we're up to a £2m loss p.a. The question now is are the ALQ's just prepared to plough £1.5m back into the club p.a. indefinitely until we get a new stadium. If so, then it's not really an issue.
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Deleted
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Post by Deleted on Mar 3, 2018 22:10:26 GMT
I'm struggling to see where the money is going. Even at the height of ''Higgs' Folly'' where we were bringing in players left right and centre to try to avoid relegation, and paying off a manger every couple of months, losses were only being reported at circa £20k a week, so roughly half what they are now. OK, we are now paying Hamer to do whatever it is he does, and for a while we had Holts and Tom Gorringe, but prices for all areas of hospitality have gone up, a lot in recent years. You can see here, european-football-statistics.co.uk/attnclub/brir.htm , how much our attendances have gone up in the last 2 years, in fact, since these owners took over 2016 was the 2nd highest since 1977, last season was the highest for 40 years. So it's not as if we aren't feeding our money into the pot. What's going on? I think we need answers, if nothing else to calm our red neighbours down a bit. I don't know what came over me but I thought it would be funny to look at their forum last night and see how they reacted to falling down to 8th position, I was shocked to see, they have a thread about us that is 617 pages long! (I kid you not, six hundred and seventeen pages) Talk about obsessed! I guess that's the issue we all want a better Academy, the players allowed overnight accommodation, Clarke & Bodin offered decent contracts, a Commercial Manager employed etc, etc, the problem is that all costs money, so adding £500K for all that to the losses NH was already incurring then add the £500K interest and we're up to a £2m loss p.a. The question now is are the ALQ's just prepared to plough £1.5m back into the club p.a. indefinitely until we get a new stadium. If so, then it's not really an issue. Not sure I agree with the way you accept the starting point of losing £1m. I was talking about a crazy period when we seemed to have every Scottish bloke with a dreadful attitude playing for us, and, if rumours were to be believed, were paying them all handsomely for telling the manager where and when they were prepared to play. Not sure you can put Tom in the 'Acceptable losses' column either, advertising, commercial and hospitality, I would have thought, already generates a lot more than the wages the dept absorbs, it's his job to grow that revenue. Is Holtby still on the payroll? See also the earlier points about increased attendances and increased prices in hospitality areas. Those losses raise more questions than answers. Looking forward to Swiss crunching the numbers and making some kind of sense of it for us.
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Peter Parker
Global Moderator
Richard Walker
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Post by Peter Parker on Mar 4, 2018 6:03:45 GMT
Well certain fees, 'research and development' have different accounting treatments etc, without going into details. However as UWE is dead all this is in the accounts as a loss as either part of operational losses or part of the write off Thank you for the clarification Peter Parker. As you can probably tell I’m not au fait with the accounts side of things and sending me them was about as much good as piles for a jockey. Regardless, I find it very difficult to see how we are continually haemorrhaging this amount of money. If memory serves I seem to remember a time, at the mem and when Geoff Dunford was yer man, that we had a period of not making any losses. Am I right or am I maybe planting false memories ? It’s a good while back but it seems there was that time. Watola said the break even figure was 9,500 I believe. What has happened to that and IF Dwane sports bought the training ground and are a separate entity then I don’t understand it at all. I would imagine you have seen the accounts anyway but it just as well be in a foreign or alien language to me as I can’t make head nor tail of them. All I understand is the bottom line, we are losing money hand over fist. A little bird tells me some good ole yankees were shown around last week but interest has cooled since. Can’t be totally sure of this source but has been pretty reliable before. Havent sed the accounts yet. Not a share holder and not up on companies house yet. Guess they wont be until after the AGM. Have the last accounts printed off and will be interesting to compare
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Post by droitwichgas on Mar 4, 2018 13:24:49 GMT
I guess that's the issue we all want a better Academy, the players allowed overnight accommodation, Clarke & Bodin offered decent contracts, a Commercial Manager employed etc, etc, the problem is that all costs money, so adding £500K for all that to the losses NH was already incurring then add the £500K interest and we're up to a £2m loss p.a. The question now is are the ALQ's just prepared to plough £1.5m back into the club p.a. indefinitely until we get a new stadium. If so, then it's not really an issue. Not sure I agree with the way you accept the starting point of losing £1m. I was talking about a crazy period when we seemed to have every Scottish bloke with a dreadful attitude playing for us, and, if rumours were to be believed, were paying them all handsomely for telling the manager where and when they were prepared to play. Not sure you can put Tom in the 'Acceptable losses' column either, advertising, commercial and hospitality, I would have thought, already generates a lot more than the wages the dept absorbs, it's his job to grow that revenue. Is Holtby still on the payroll? See also the earlier points about increased attendances and increased prices in hospitality areas. Those losses raise more questions than answers. Looking forward to Swiss crunching the numbers and making some kind of sense of it for us. As far as TG I assume before he was employed somebody was doing that role so is additional salary will now be included in next year's accounts, to justify his wages he needs to bring in over and above what we've already been receiving in the last couple of seasons. If he's been a success I assume next year's losses will be below £2m? I don't think anybody has a clue what the true position is with IH.
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Deleted
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Post by Deleted on Mar 4, 2018 16:41:04 GMT
Not sure I agree with the way you accept the starting point of losing £1m. I was talking about a crazy period when we seemed to have every Scottish bloke with a dreadful attitude playing for us, and, if rumours were to be believed, were paying them all handsomely for telling the manager where and when they were prepared to play. Not sure you can put Tom in the 'Acceptable losses' column either, advertising, commercial and hospitality, I would have thought, already generates a lot more than the wages the dept absorbs, it's his job to grow that revenue. Is Holtby still on the payroll? See also the earlier points about increased attendances and increased prices in hospitality areas. Those losses raise more questions than answers. Looking forward to Swiss crunching the numbers and making some kind of sense of it for us. As far as TG I assume before he was employed somebody was doing that role so is additional salary will now be included in next year's accounts, to justify his wages he needs to bring in over and above what we've already been receiving in the last couple of seasons. If he's been a success I assume next year's losses will be below £2m? I don't think anybody has a clue what the true position is with IH. Company losses will be out of Tom's control, but you would expect departmental profits to increase. Having said that, they looked set to increase anyway as IH had all hospitality areas sold out at higher prices than were previously being charged, so it's down to what can be done with advertising, sponsorship and marketing / communication, but those incomes may well 'bleed' into different areas, so will be hard to see from outside how effective he's been. One example of this might be tightening up on complimentary tickets as, almost impossible to work out whether someone who may have been given a comp will now roll up on the day and pay at a turnstile.
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Accounts
Mar 4, 2018 16:44:01 GMT
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Post by o2o2bo2ba on Mar 4, 2018 16:44:01 GMT
Not sure I agree with the way you accept the starting point of losing £1m. I was talking about a crazy period when we seemed to have every Scottish bloke with a dreadful attitude playing for us, and, if rumours were to be believed, were paying them all handsomely for telling the manager where and when they were prepared to play. Not sure you can put Tom in the 'Acceptable losses' column either, advertising, commercial and hospitality, I would have thought, already generates a lot more than the wages the dept absorbs, it's his job to grow that revenue. Is Holtby still on the payroll? See also the earlier points about increased attendances and increased prices in hospitality areas. Those losses raise more questions than answers. Looking forward to Swiss crunching the numbers and making some kind of sense of it for us. I don't think anybody has a clue what the true position is with IH. Weirdly, I think many have plenty a clue regarding the TRUE position of IH for a very long time now. That's why there is no social media outcry. Whether or not it will officially be made public remains to be seen.
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