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Post by dibblydobbly on Mar 28, 2024 17:11:10 GMT 1
Bus owned by Longmynd but costs us per trip.... 5* every away game is a stretch no one knows how many and 4 or 5 * but likely extravagant.... New 5* longmynd coach previously contracted to Tottenham Hotspur FC. We take two coaches to away games so when we stay overnight we pay not only for the hotel but for two days coach hire and drivers. Apparently we stayed overnight at Oxford which is hard to justify, to say the least. Wow, and presumably Driver's rooms?
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abcdef
Midland League Division Two
Posts: 189
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Post by abcdef on Mar 28, 2024 17:14:59 GMT 1
Well we finally have our answers but I do have two questions. If we were in an absolute mess financially with player salaries wouldn’t we have sold Dunkley or Marosi at the start of the season and made some of the high earners available? Im sure we’d have had some teams in this league have interest in them. What steps have actually been taken to minimise these losses as I haven’t seen much change beyond Steve and Brian being shown the door? We overspent, Roland did something he doesn’t like doing - actually putting his hand in his pocket to invest in the club, we keep rolling on. Wouldn’t it be nice one day to have a chairman who wants to spend money to better this club rather than oversee a balance of payments though. What an absolute saint Roland is for reaching into his pocket to invest in this club. That 500k put into the club for the past 10 years really shows us how lucky we are to have our lord and master. Here's a potential reason , when the manager sat down with the chairman , and deceived him like a rogue trader on matt alwright , it appears some of the players contracts had small print which enabled them to take home a much enhanced wage just for the likes of turning up and playing , These personal terms are simply out of reach of any league one clubs that might have wanted to sign them , bit like obrien , we couldn't even give him away , we had to pay someone to take him off our hands , and he we are today as a result of misguided trust Coterill has been and always will be a used car salesman
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Post by ThrobsBlackHat on Mar 28, 2024 17:15:21 GMT 1
So much pontificating on here. Find someone who has the money to take over and occasionally inject cash into the business before seeking Roland's head on a plate. Paul Delves Derek Passant. They're actual real people who have served on the board and could run the club, let alone the Swedish investors or the Iraqis or whoever else have been on the rumour mill in the last twenty years.
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Post by ThrobsBlackHat on Mar 28, 2024 17:19:19 GMT 1
Well we finally have our answers but I do have two questions. If we were in an absolute mess financially with player salaries wouldn’t we have sold Dunkley or Marosi at the start of the season and made some of the high earners available? Im sure we’d have had some teams in this league have interest in them. What steps have actually been taken to minimise these losses as I haven’t seen much change beyond Steve and Brian being shown the door? We overspent, Roland did something he doesn’t like doing - actually putting his hand in his pocket to invest in the club, we keep rolling on. Wouldn’t it be nice one day to have a chairman who wants to spend money to better this club rather than oversee a balance of payments though. What an absolute saint Roland is for reaching into his pocket to invest in this club. That 500k put into the club for the past 10 years really shows us how lucky we are to have our lord and master. Here's a potential reason , when the manager sat down with the chairman , and deceived him like a rogue trader on matt alwright , it appears some of the players contracts had small print which enabled them to take home a much enhanced wage just for the likes of turning up and playing , These personal terms are simply out of reach of any league one clubs that might have wanted to sign them , bit like obrien , we couldn't even give him away , we had to pay someone to take him off our hands , and he we are today as a result of misguided trust Who writes the contracts? It's not the manager. If what you're saying is true that would flag in the first month's reporting. Not come as a surprise halfway through a season. Who briefed you on this? If player costs are £800k of £3 million who did he blame for the £2.2 million?
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Post by pughywasfree on Mar 28, 2024 17:20:34 GMT 1
"THERE WILL BE NO COMMENT FROM THE CLUB UNTIL AFTER OUR ANNUAL GENERAL MEETING (AGM)" What a load of BS. We all care deeply and want answers and reassurance now! Only right that they address shareholders first surely? Would you want to hear it at the same ti e as the public if you owned shares in a company? Obviously yes but those at the club have known this information for a long time. Wouldn't have hurt them to have the meeting this morning so that they could have a statement ready for the fans. Lets not pretend a football club is the same as a normal business.
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Post by staffordshrew on Mar 28, 2024 17:24:54 GMT 1
So much pontificating on here. Find someone who has the money to take over and occasionally inject cash into the business before seeking Roland's head on a plate. Paul Delves Derek Passant. They're actual real people who have served on the board and could run the club, let alone the Swedish investors or the Iraqis or whoever else have been on the rumour mill in the last twenty years. For whatever reason none of them completed the deal, find someone else...
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Post by davycrockett on Mar 28, 2024 17:27:08 GMT 1
Only right that they address shareholders first surely? Would you want to hear it at the same ti e as the public if you owned shares in a company? Obviously yes but those at the club have known this information for a long time. Wouldn't have hurt them to have the meeting this morning so that they could have a statement ready for the fans. Let’s not pretend a football club is the same as a normal business. Or that a few days makes a difference, or that the further club statement will give much more information.
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Post by ssshrew on Mar 28, 2024 17:29:42 GMT 1
Well whatever is going on the buck stops at the top regardless. It’s part and parcel of the job.
As for learning from the past - I doubt it. Both on and off the field.
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Post by ThrobsBlackHat on Mar 28, 2024 17:38:15 GMT 1
Paul Delves Derek Passant. They're actual real people who have served on the board and could run the club, let alone the Swedish investors or the Iraqis or whoever else have been on the rumour mill in the last twenty years. For whatever reason none of them completed the deal, find someone else... That's not the answer though is it? Well respected loyal fans with buckets of money can't compete a deal. Why? The problem lies not with the buyers.
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Post by southshropblue on Mar 28, 2024 17:39:16 GMT 1
not quite as bad as id thought they would be, but still a sobering set of accounts. I actually feel for the chairman in part, for years we have been complaining that he is a one man board, he then goes and gives more financial control of the club to his CEO and we end up in this situation. i can see the concerns from a fans point of view, if the chairmans putting money in, how long is that sustainable? but knowing the chairman i also know he will be fighting tooth and nail to get the club back to sustainability. Before i get accused of being in his pocket if you know our relationship you will know thats def not the case! Personally im quite pleased RW is at the helm atm, whilst i havent agreed with everything hes done, i know he craves stability and is as tight as **** if he needs to be, i think Duncan the new finance director and Andy head of finance will also have added a new layer of control as their back ground isnt in football as a fan, im worried seeing this, but certainly not hit the panic button worried I think RW deserves respect for what he has done in the past ,of course he does -but I dont think he gets a free pass on this IF this is down to BC then who appointed him ? If things got out of control who was meant to be Chairman and keep watch ?
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Post by staffordshrew on Mar 28, 2024 17:42:08 GMT 1
For whatever reason none of them completed the deal, find someone else... That's not the answer though is it? Well respected loyal fans with buckets of money can't compete a deal. Why? The problem lies not with the buyers. That can only be pure speculation.
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Post by Minormorris64 on Mar 28, 2024 17:45:44 GMT 1
Bus owned by Longmynd but costs us per trip.... 5* every away game is a stretch no one knows how many and 4 or 5 * but likely extravagant.... New 5* longmynd coach previously contracted to Tottenham Hotspur FC. We take two coaches to away games so when we stay overnight we pay not only for the hotel but for two days coach hire and drivers. Apparently we stayed overnight at Oxford which is hard to justify, to say the least. You have to remenber its "FOOTBALL" we are talking about.
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Post by davycrockett on Mar 28, 2024 17:48:23 GMT 1
not quite as bad as id thought they would be, but still a sobering set of accounts. I actually feel for the chairman in part, for years we have been complaining that he is a one man board, he then goes and gives more financial control of the club to his CEO and we end up in this situation. i can see the concerns from a fans point of view, if the chairmans putting money in, how long is that sustainable? but knowing the chairman i also know he will be fighting tooth and nail to get the club back to sustainability. Before i get accused of being in his pocket if you know our relationship you will know thats def not the case! Personally im quite pleased RW is at the helm atm, whilst i havent agreed with everything hes done, i know he craves stability and is as tight as **** if he needs to be, i think Duncan the new finance director and Andy head of finance will also have added a new layer of control as their back ground isnt in football as a fan, im worried seeing this, but certainly not hit the panic button worried I think RW deserves respect for what he has done in the past ,of course he does -but I dont think he gets a free pass on this IF this is down to BC then who appointed him ? If things got out of control who was meant to be Chairman and keep watch ? He also owns the club so what do you suggest his punishment should be? How about covering the shortfall every time we pay the wages. Should imagine he’s more disappointed than any fans
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Post by cabanas2017 on Mar 28, 2024 17:51:47 GMT 1
Paul Delves Derek Passant. They're actual real people who have served on the board and could run the club, let alone the Swedish investors or the Iraqis or whoever else have been on the rumour mill in the last twenty years. For whatever reason none of them completed the deal, find someone else... Roland’s decision I believe…..
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Post by staffordshrew on Mar 28, 2024 17:55:11 GMT 1
For whatever reason none of them completed the deal, find someone else... Roland’s decision I believe….. You believe, or you know for certain?
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Post by chirkshrew on Mar 28, 2024 17:59:08 GMT 1
And it will be Roland's decision to stay around a bit longer yet......and when he does go,to make sure the club is in proper hands.....as simple as
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Post by vladimir on Mar 28, 2024 18:00:09 GMT 1
Evidently we've marginally gone for it on the playing side, some luxury admin expenses have popped out too.
But the trajectory and financial planning/ forecasting at the top (chairman, board and CEO) has gone utterly AWOL, it's pretty basic financial modelling to see where the club finances are headed in season without transfer sales / cup runs without having to arrive at the destination of a 3 million loss. The cloth shouldve been cut to a more sustainable level last summer. All this talk of Cotterill and Caldwell having free reign does not happen in a functioning business with adequate safeguards and monitoring. Asleep at the wheel.
Also as the situation seems pretty dire financially why on earth are we spending money on transfer fees.
Imo the investment the club craves cannot come soon enough.
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Post by floreatsalopia1 on Mar 28, 2024 18:06:05 GMT 1
For whatever reason none of them completed the deal, find someone else... Roland’s decision I believe….. Spot on Roland's decision which is still unfathomable to work out if he is meant to have the future of the club at the forefront of his mind...
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Post by ThrobsBlackHat on Mar 28, 2024 18:16:40 GMT 1
That's not the answer though is it? Well respected loyal fans with buckets of money can't compete a deal. Why? The problem lies not with the buyers. That can only be pure speculation.
More like observation. There is no shortage of interest. A business is only worth what people are prepared to pay.
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Post by southshropblue on Mar 28, 2024 18:16:49 GMT 1
I think RW deserves respect for what he has done in the past ,of course he does -but I dont think he gets a free pass on this IF this is down to BC then who appointed him ? If things got out of control who was meant to be Chairman and keep watch ? He also owns the club so what do you suggest his punishment should be? How about covering the shortfall every time we pay the wages. Should imagine he’s more disappointed than any fans Who is talking about punishment? I just think it is silly to blame everyone else (much of it maybe true but that is speculation too) I think what people need is some accountability not just people blaming everyone else but RW -then we can move forward
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Post by mrcricket on Mar 28, 2024 18:17:27 GMT 1
Would the strange decision to omit Pennington from the match day squad back up the claim of the 'enhanced' contracts?
It seemed to come at a similar time to when a play off push faded and Cotterill had the rug pulled from under him.
Although strangely those two things may also be coincidental?
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Post by staffordshrew on Mar 28, 2024 18:17:49 GMT 1
Roland’s decision I believe….. Spot on Roland's decision which is still unfathomable to work out if he is meant to have the future of the club at the forefront of his mind... You know it was Roland's decision for sure then?
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Post by northwestman on Mar 28, 2024 18:22:58 GMT 1
Whatever the true situation, the reality is that without future investment the outlook is bleak.
Releasing most if not all the players on higher wages more or less guarantees a relegation fight and likely demotion to Division 2 at the end of next season.
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Post by floreatsalopia1 on Mar 28, 2024 18:32:45 GMT 1
Spot on Roland's decision which is still unfathomable to work out if he is meant to have the future of the club at the forefront of his mind... You know it was Roland's decision for sure then? YES
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Post by gainsparkshrew on Mar 28, 2024 18:33:50 GMT 1
Whatever the true situation, the reality is that without future investment the outlook is bleak. Releasing most if not all the players on higher wages more or less guarantees a relegation fight and likely demotion to Division 2 at the end of next season. Crikey..let's make sure that we are still in L1 at the end of this season first. Taking that a step further,let's hope the players don't read this forum as a few of them will realise that they won't be here next season and may do a Pennington and have an undiagnosed injury for the rest of the season in order to make sure that they stay fit
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Post by staffordshrew on Mar 28, 2024 18:44:34 GMT 1
You know it was Roland's decision for sure then? YES Any proof of that?
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Post by staffordshrew on Mar 28, 2024 18:46:13 GMT 1
That can only be pure speculation.
More like observation. There is no shortage of interest. A business is only worth what people are prepared to pay. Speculation based on observation then
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Post by shrewshrew on Mar 28, 2024 19:04:52 GMT 1
Interesting to see Portsmouth also made a £3m loss despite pumping loads of money into the club and having attendances 3 times ours: www.bbc.co.uk/sport/football/68673644It’s very tough for lower-tier football clubs. I expect we will hear sobering news about a number of clubs in this reporting round.
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Post by ThrobsBlackHat on Mar 28, 2024 19:12:11 GMT 1
More like observation. There is no shortage of interest. A business is only worth what people are prepared to pay. Speculation based on observation then As opposed to speculation based on being spun a yarn by club employees. We've got people blaming a £3 million loss on bus drivers staying in five star hotels!
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Post by northwestman on Mar 28, 2024 19:14:35 GMT 1
Whatever the true situation, the reality is that without future investment the outlook is bleak. Releasing most if not all the players on higher wages more or less guarantees a relegation fight and likely demotion to Division 2 at the end of next season. Crikey..let's make sure that we are still in L1 at the end of this season first. Taking that a step further,let's hope the players don't read this forum as a few of them will realise that they won't be here next season and may do a Pennington and have an undiagnosed injury for the rest of the season in order to make sure that they stay fit PH has already reported there are 6 suffering from illness or injury - and that's at the end of a 2 weeks break.
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