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Post by martinshrew on Feb 1, 2022 13:05:36 GMT 1
Wages still had to be paid and away matches became much more expensive with the need to use an extra coach and all players needing separate rooms in hotels, where overnight stays were needed. Add to that, the loss of revenue from the Conference facilities and I reckon you might get a shock when the balance sheet is publicised. Except home matches became much less costly with reduced stewarding costs et al and with redundancies and furloughed staff difficult to know just what affect Covid had but we had money in the bank to cover it luckily …. And topping that back up is important, though not at the sacrifice of our League One status. I think dropping back to League Two would see 1,000 off the home gate.
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Post by sheltonsalopian on Feb 1, 2022 13:13:23 GMT 1
I think people need to understand although Roland isn't taking a wage his return on his investment when he sells Shrewsbury will be absolutely ridiculous, if it's in the 10's of millions thats being reported.
Yes fair play to him for not taking a wage but let's not act like he's doing it all out of the kindness of his heart.
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Post by barrynic on Feb 1, 2022 13:16:10 GMT 1
Remember everyone...Roland is first of all ......A SUPPORTER.
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Coops
Midland League Division Two
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Post by Coops on Feb 1, 2022 13:32:12 GMT 1
[br absolute rubbish, we’re trying to recover the £2mn + lost due to covid, before you start slagging off one of the best chairman STFC have seen I suggest you get your facts straight. Just glad your not the chairman as we’d be bankrupt by now You're jumping to conclusions and going on the attack straight away. Buying Ogbeta for 50k and selling for £300k is the exact business I keep wanting town to do, preferably with a nice sell on clause. Buy when it comes off, like it has, I want us to bank some ££, but go get another two Ogbetas with some of the money, speculate a little. Realistically, you need around 1 in 5 young signings to come off to make money. If we were told we need to recoup £2m that's fair enough, but we were explicitly told that season ticket refunds would enable the manager to "have a go". The appointment of Chris Burt would help us "jump ahead", I'm not sure either can be justified personally. We most certainly wouldn't be bankrupt if I was chairman, I can assure you. you may have a shock when you see the accounts in a few months time. “Sustainability” I assume you know what this means Martin given you’re now chairman material? 😁
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Post by martinshrew on Feb 1, 2022 13:38:23 GMT 1
You're jumping to conclusions and going on the attack straight away. Buying Ogbeta for 50k and selling for £300k is the exact business I keep wanting town to do, preferably with a nice sell on clause. Buy when it comes off, like it has, I want us to bank some ££, but go get another two Ogbetas with some of the money, speculate a little. Realistically, you need around 1 in 5 young signings to come off to make money. If we were told we need to recoup £2m that's fair enough, but we were explicitly told that season ticket refunds would enable the manager to "have a go". The appointment of Chris Burt would help us "jump ahead", I'm not sure either can be justified personally. We most certainly wouldn't be bankrupt if I was chairman, I can assure you. you may have a shock when you see the accounts in a few months time. “Sustainability” I assume you know what this means Martin given you’re now chairman material? 😁 Have you seen the accounts already?
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Post by martinshrew on Feb 1, 2022 13:39:05 GMT 1
I think people need to understand although Roland isn't taking a wage his return on his investment when he sells Shrewsbury will be absolutely ridiculous, if it's in the 10's of millions thats being reported. Yes fair play to him for not taking a wage but let's not act like he's doing it all out of the kindness of his heart. How much did he pay for the club? He'll sell out for 8 figures, so divided by his years could mean quite a "wage". If he was a supporter I'd suggest he sold for 50% and ensured the other 50% went straight into the club.
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Deleted
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Post by Deleted on Feb 1, 2022 13:45:48 GMT 1
IF money is indeed tight then what about looking more towards our own home grown talent, i.e. those in our Academy? Are they being developed so that at some point they may be our next Woods, Goldson etc?
Tom Bloxham has had some time in the first eleven, can he become a permanent fixture, if not this season, then next?
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Post by SeanBroseley on Feb 1, 2022 14:05:04 GMT 1
How much of the Ogbeta money will be going to Manchester City?
I have no doubt that the next set of accounts will be shocking.
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Post by sheltonsalopian on Feb 1, 2022 14:07:15 GMT 1
I think people need to understand although Roland isn't taking a wage his return on his investment when he sells Shrewsbury will be absolutely ridiculous, if it's in the 10's of millions thats being reported. Yes fair play to him for not taking a wage but let's not act like he's doing it all out of the kindness of his heart. How much did he pay for the club? He'll sell out for 8 figures, so divided by his years could mean quite a "wage". If he was a supporter I'd suggest he sold for 50% and ensured the other 50% went straight into the club. Wouldn't even be able to guess, if he became majority shareholder in 1996 can't imagine it would be anywhere near what he's getting for it now
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Post by Deleted on Feb 1, 2022 14:27:22 GMT 1
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Post by frankwellshrews on Feb 1, 2022 14:39:09 GMT 1
Here we go again. When the club is breaking even each year and RW is taking a fat wage you can moan. Until that point let's not start making out RW is anything but a great business man and Salopians Are you taking the p**s? We had £3,000,000 in the bank. - Ogbeta - Reported £300,000 - Norburn - £350,000 - FA Cup Run - £700,000+ - Season ticket refunds - £ Supporters are being taken for absolute mugs. Steady on owd lad, that £3m was as at about 18 months ago and mostly made up of £2m we got from the Nolan/Nsiala deal. We had another season impacted by covid since then plus those fees tend to be paid in instalments so it's not just Sat burning a hole in Roland's pocket. The transfer fees received for Norburn and Ogbeta are neither here nor there; just a sticking plaster against the fact our underlying operating loss is probably running close to 7 figures now. I suspect even that cup money (if that is even the right number) will probably just offset losses from the pandemic period. I'm far from Roland's biggest fan but accusations of that nature are way off the mark.
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Post by martinshrew on Feb 1, 2022 14:53:50 GMT 1
Are you taking the p**s? We had £3,000,000 in the bank. - Ogbeta - Reported £300,000 - Norburn - £350,000 - FA Cup Run - £700,000+ - Season ticket refunds - £ Supporters are being taken for absolute mugs. Steady on owd lad, that £3m was as at about 18 months ago and mostly made up of £2m we got from the Nolan/Nsiala deal. We had another season impacted by covid since then plus those fees tend to be paid in instalments so it's not just Sat burning a hole in Roland's pocket. The transfer fees received for Norburn and Ogbeta are neither here nor there; just a sticking plaster against the fact our underlying operating loss is probably running close to 7 figures now. I suspect even that cup money (if that is even the right number) will probably just offset losses from the pandemic period. I'm far from Roland's biggest fan but accusations of that nature are way off the mark. Telling fans that season ticket refunds are being kept to enable the manager to "have a go" are way off the mark. Stating Keith Burt will help us "Jump ahead" is way off the mark. I don't believe the fans are getting a fair deal out of the club, that's my opinion.
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Post by frankwellshrews on Feb 1, 2022 14:57:21 GMT 1
Steady on owd lad, that £3m was as at about 18 months ago and mostly made up of £2m we got from the Nolan/Nsiala deal. We had another season impacted by covid since then plus those fees tend to be paid in instalments so it's not just Sat burning a hole in Roland's pocket. The transfer fees received for Norburn and Ogbeta are neither here nor there; just a sticking plaster against the fact our underlying operating loss is probably running close to 7 figures now. I suspect even that cup money (if that is even the right number) will probably just offset losses from the pandemic period. I'm far from Roland's biggest fan but accusations of that nature are way off the mark. Telling fans that season ticket refunds are being kept to enable the manager to "have a go" are way off the mark. Stating Keith Burt will help us "Jump ahead" is way off the mark. I don't believe the fans are getting a fair deal out of the club, that's my opinion. Those things might be true but you're implying that the owners are seeing some personal financial benefit from that caution rather than just..... being cautious. Two different things which are fairly important not to mix up.
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Post by ssshrew on Feb 1, 2022 15:43:38 GMT 1
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Post by davycrockett on Feb 1, 2022 15:48:07 GMT 1
How much did he pay for the club? He'll sell out for 8 figures, so divided by his years could mean quite a "wage". If he was a supporter I'd suggest he sold for 50% and ensured the other 50% went straight into the club. Wouldn't even be able to guess, if he became majority shareholder in 1996 can't imagine it would be anywhere near what he's getting for it now I can only repeat what was said at the time and it’s difficult to separate rumour and truth. He took over by covering the debt that was threatening the clubs existence from memory £200 to £300k for which he received the majority of his shares. Since then he’s swapped the ownership of his training ground to the club in exchange for more shares. The only time I can think of where he actually dipped into his pocket was to cover a players wage or purchase due to FFP and gifted £80k ish (something to do with Grandison?)
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Post by Exkeeper on Feb 1, 2022 16:56:53 GMT 1
Wouldn't even be able to guess, if he became majority shareholder in 1996 can't imagine it would be anywhere near what he's getting for it now I can only repeat what was said at the time and it’s difficult to separate rumour and truth. He took over by covering the debt that was threatening the clubs existence from memory £200 to £300k for which he received the majority of his shares. Since then he’s swapped the ownership of his training ground to the club in exchange for more shares. The only time I can think of where he actually dipped into his pocket was to cover a players wage or purchase due to FFP and gifted £80k ish (something to do with Grandison?) Gifted £80k? A little different to gifting 6 matches of Seasonticket money, something which was not compulsory.A little like giving someone cash for a birthday then asking for it back if they spent it on something you didn’t like.
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Post by davycrockett on Feb 1, 2022 17:07:36 GMT 1
I can only repeat what was said at the time and it’s difficult to separate rumour and truth. He took over by covering the debt that was threatening the clubs existence from memory £200 to £300k for which he received the majority of his shares. Since then he’s swapped the ownership of his training ground to the club in exchange for more shares. The only time I can think of where he actually dipped into his pocket was to cover a players wage or purchase due to FFP and gifted £80k ish (something to do with Grandison?) Gifted £80k? A little different to gifting 6 matches of Seasonticket money, something which was not compulsory.A little like giving someone cash for a birthday then asking for it back if they spent it on something you didn’t like. Can’t remember the exact details but we were unable to sign someone due to FFP so we’re told the Chairman was financing it as a gift (exempt from FFP) My opinion is he did very nicely not long later giving his Sundorne Pitches training site to the club in return for shares which increased his share in the club with assets of £14 million plus. A great return on his few hundred K investment but as others will say he saved the club and is a fan.
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Post by venceremos on Feb 1, 2022 17:09:11 GMT 1
I think people need to understand although Roland isn't taking a wage his return on his investment when he sells Shrewsbury will be absolutely ridiculous, if it's in the 10's of millions thats being reported. Yes fair play to him for not taking a wage but let's not act like he's doing it all out of the kindness of his heart. Who is 'valuing' the club in the tens of millions and on what basis?
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Post by northwestman on Feb 1, 2022 17:09:45 GMT 1
How much of the Ogbeta money will be going to Manchester City? I have no doubt that the next set of accounts will be shocking. They will indeed be worth seeing.
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Post by martinshrew on Feb 1, 2022 17:09:55 GMT 1
£14,000,000 / 25 years is £560,000 PA.
Kind of similar to our reported average yearly operating loss.
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Post by venceremos on Feb 1, 2022 17:12:46 GMT 1
Gifted £80k? A little different to gifting 6 matches of Seasonticket money, something which was not compulsory.A little like giving someone cash for a birthday then asking for it back if they spent it on something you didn’t like. Can’t remember the exact details but we were unable to sign someone due to FFP so we’re told the Chairman was financing it as a gift (exempt from FFP) My opinion is he did very nicely not long later giving his Sundorne Pitches training site to the club in return for shares which increased his share in the club with assets of £14 million plus. A great return on his few hundred K investment but as others will say he saved the club and is a fan. The site was valued, presumably on an arm's length basis because there would have been tax consequences otherwise. The shares he received would have reflected that value. Nothing untoward about that. Some people might have held onto that land and looked into the possibility of making a real killing with planning permission on an edge of town site. They could have got a lot more for that.
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Post by davycrockett on Feb 1, 2022 17:18:47 GMT 1
Can’t remember the exact details but we were unable to sign someone due to FFP so we’re told the Chairman was financing it as a gift (exempt from FFP) My opinion is he did very nicely not long later giving his Sundorne Pitches training site to the club in return for shares which increased his share in the club with assets of £14 million plus. A great return on his few hundred K investment but as others will say he saved the club and is a fan. The site was valued, presumably on an arm's length basis because there would have been tax consequences otherwise. The shares he received would have reflected that value. Nothing untoward about that. Some people might have held onto that land and looked into the possibility of making a real killing with planning permission on an edge of town site. They could have got a lot more for that. Planning not possible due to the overhead mains cables (pylon type) you can’t build underneath. Valued as farmland maybe but increased his share in the club….. I’m not suggesting anything untoward just shrewd business……
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Post by sheltonsalopian on Feb 1, 2022 17:43:07 GMT 1
I think people need to understand although Roland isn't taking a wage his return on his investment when he sells Shrewsbury will be absolutely ridiculous, if it's in the 10's of millions thats being reported. Yes fair play to him for not taking a wage but let's not act like he's doing it all out of the kindness of his heart. Who is 'valuing' the club in the tens of millions and on what basis? companycheck.co.uk/company/00315587/SHREWSBURY-TOWN-FOOTBALL-CLUB-LIMITED/financials
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Post by venceremos on Feb 1, 2022 20:39:03 GMT 1
Tens of millions? But anyway, that's not a valuation, just some figures plucked out of the last published accounts.
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Post by venceremos on Feb 1, 2022 20:45:51 GMT 1
The site was valued, presumably on an arm's length basis because there would have been tax consequences otherwise. The shares he received would have reflected that value. Nothing untoward about that. Some people might have held onto that land and looked into the possibility of making a real killing with planning permission on an edge of town site. They could have got a lot more for that. Planning not possible due to the overhead mains cables (pylon type) you can’t build underneath. Valued as farmland maybe but increased his share in the club….. I’m not suggesting anything untoward just shrewd business…… Are you sure? www.emfs.info/policy/property-uk/corridors/My cousin used to live in a new house with a pylon in its not very big back garden, 1970s built admittedly!
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Post by Exkeeper on Feb 1, 2022 21:33:26 GMT 1
How much of the Ogbeta money will be going to Manchester City? I have no doubt that the next set of accounts will be shocking. Many clubs accounts will be similar and some, far worse.
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Post by welshshrew on Feb 1, 2022 21:41:21 GMT 1
The period under this chairman has been the least successful in the clubs history.
The chairman took a huge risk with a large interest free loan to get the ground move done.
The chairman has kept the club in a strong place financially throughout his tenure.
The chairman has injected very little cash but plenty of time since 1997.
When the chairman chooses to sell up he will be in a position to make a significant profit out of the football club if he so chooses.
I don’t think any of that is non factual?
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Post by BlueAndAmber50 on Feb 3, 2022 8:28:45 GMT 1
Do we know if a sell on clause has been agreed with Swansea?
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Post by shrewder on Feb 3, 2022 8:33:23 GMT 1
The period under this chairman has been the least successful in the clubs history. The chairman took a huge risk with a large interest free loan to get the ground move done. The chairman has kept the club in a strong place financially throughout his tenure. The chairman has injected very little cash but plenty of time since 1997. When the chairman chooses to sell up he will be in a position to make a significant profit out of the football club if he so chooses. I don’t think any of that is non factual?
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Post by Exkeeper on Feb 3, 2022 11:36:16 GMT 1
The Swansea scout must of only watched him at 'pool and not Crewe and Gillingham? Thought he was poor at Crewe when I went and heard reports off people that he was poor again at the Gills. Good luck to him; I'd imagine some of the fee will go to whoever he came from; Man City wasn't it? I got the impression that Gillingham were targeting the left side of our defence, something other clubs seem to have done this season. That may be coincidence but scouts don’t take long to spot a weakness and he was not brilliant defensively.
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