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Post by ProudSalopian on Nov 24, 2023 16:32:11 GMT 1
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Post by The Clash 1966 on Nov 24, 2023 16:39:43 GMT 1
Thank you guv'
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Post by martinshrew on Nov 24, 2023 16:47:20 GMT 1
It's interesting, but my opinion is that he only has himself to blame. We haven't maximised our move to the new ground and continue not to do so. No mention of whether it's good will, or in the form of loans? Hopefully the rumoured interest is serious and a sale can be concluded ASAP so we can finally lift the anchor off S.T.F.C
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Post by Pilch on Nov 24, 2023 16:48:56 GMT 1
At last all became clear , The great man is and had been keeping us afloat all year His MBE needs an upgrade
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Post by ProudSalopian on Nov 24, 2023 16:52:48 GMT 1
What will be interesting to know is the detail.
Was this a one off amount (e.g to cover a months wages as suggested on here)? Ongoing support? Is it a loan or an simply him pumping money in to keep us afloat?
I'm not trying to play this down, I'm not his biggest fan but I have no expectation of him being forced to use his own money for the football club, so yes I am grateful for that.
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Post by GrizzlyShrew on Nov 24, 2023 16:56:01 GMT 1
Just hope we dont get relegated then else the revenue from away fans will shrink considerably.
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Post by bizzylad on Nov 24, 2023 16:57:47 GMT 1
Just hope we dont get relegated then else the revenue from away fans will shrink considerably. Correct its huge we stay up , with the current coaching and DOF set up i sadly have my doubts we will , so hope im wrong .
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Post by sheltonsalopian on Nov 24, 2023 17:07:44 GMT 1
In a weird way this makes me feel better. That means the terrible recruitment and setup that we have at the moment was enforced, not a strategical choice. Also makes me sympathise with Roland a bit.
Need some form of positivity though - what's the end goal? If we're sustaining losses with the team we have at the moment what chance do we have of ever being competitive?
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Post by tarporleyblue on Nov 24, 2023 17:28:56 GMT 1
Rum that he's had to put his money into the club to keep us afloat due to the financial mismanagement of others.
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Post by bizzylad on Nov 24, 2023 17:29:49 GMT 1
In a weird way this makes me feel better. That means the terrible recruitment and setup that we have at the moment was enforced, not a strategical choice. Also makes me sympathise with Roland a bit. Need some form of positivity though - what's the end goal? If we're sustaining losses with the team we have at the moment what chance do we have of ever being competitive? was it enforced ?? Also the major bulk of the big names ( Marosi, Bayliss,Dunkley,etc ) are still here. Winchester signed on .. is the recruitment that disastrous or is it the way they are coached?
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Post by davycrockett on Nov 24, 2023 17:31:41 GMT 1
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Post by Valerioch on Nov 24, 2023 17:38:35 GMT 1
Just hope we dont get relegated then else the revenue from away fans will shrink considerably. And home fans...
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Post by martinshrew on Nov 24, 2023 17:39:03 GMT 1
Rum that he's had to put his money into the club to keep us afloat due to the financial mismanagement of others. Is there not an argument that it's his own mismanagement? He is in charge after all, and he also put these people in position. I'd like to know how much his poor decisions have cost us, IE: Ricketts, Askey (no break clause), Cotterill & Caldwell have cost us? They were all his decisions. Also this money could be a loan that were paying interest on? Who knows.
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Post by davycrockett on Nov 24, 2023 17:39:04 GMT 1
Rum that he's had to put his money into the club to keep us afloat due to the financial mismanagement of others. I was a sceptic but it appears he is supporting the club financially but didn’t want it publicised and had to be persuaded. Sure we’ll notice a difference in ‘income generation’ over the next few months which has already started. Hopefully we’ll see a big effort on the commercial side.
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Post by Bob Rickerton on Nov 24, 2023 17:39:10 GMT 1
"The minutes state: “Since the meeting, the chairman has very reluctantly, only when asked, confirmed that unfortunately, it has become necessary for him personally to support the club financially at this moment in time.”"
He stated, modestly.
Something about the wording of that made me laugh, maybe because after all the uncertainty and confusion caused by the summer's upheaval and subsequent lack of clarity it seems like the bare minimum to try and clear things up a little.
Grateful to Roland for any financial support he's offered, of course. Would have been good to have received a little bit more information about what the level of support required was, whether that was due to overspend by individual(s), situations out of the club's control such as Covid, energy costs and delayed Premier League loans, general costs of wages and transfers meaning we can't compete at this level etc. And whether it was a one-off due to necessity or something would need to be repeated. Otherwise we're still in a stage with a lot of conjecture and uncertainty about exactly what went on over the last year.
A clarification that leads to as many questions as it answers in a way. Although again, would like to say I'm grateful to Roland for any financial support.
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Post by shrewswolf on Nov 24, 2023 17:40:00 GMT 1
So if we get the premier league money in, we are back to square one?
It’s great to have some more communication but it’s still unclear for me. Roland’s initial club statement seemed to be that we were desperate for the funds from the Premier League and this latest update appears to be the same.
So how much did SC & BC actually lose us?
I’m not saying they didn’t, I’m just trying to make it add up. April will be massive.
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Post by davycrockett on Nov 24, 2023 17:44:22 GMT 1
So if we get the premier league money in, we are back to square one? It’s great to have some more communication but it’s still unclear for me. Roland’s initial club statement seemed to be that we were desperate for the funds from the Premier League and this latest update appears to be the same. So how much did SC & BC actually lose us? I’m not saying they didn’t, I’m just trying to make it add up. April will be massive. That will be in the accounts in 3/4 months. A difficult situation here with people telling him to sell up whilst he’s trying to protect the club by not hanging the dirty washing out while someone’s viewing.
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Post by tarporleyblue on Nov 24, 2023 17:44:55 GMT 1
Rum that he's had to put his money into the club to keep us afloat due to the financial mismanagement of others. Is there not an argument that it's his own mismanagement? He is in charge after all, and he also put these people in position. I'd like to know how much his poor decisions have cost us, IE: Ricketts, Askey (no break clause), Cotterill & Caldwell have cost us? They were all his decisions. Also this money could be a loan that were paying interest on? Who knows. I don't disagree and certainly this reluctant admission that he is putting money into the club does lead onto more questions than answers. Getting such a statement is however a start in terms of some transparency from the club. At least this is now out in the open rather than it being speculation.
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Post by DiglisShrew on Nov 24, 2023 17:46:59 GMT 1
It's interesting, but my opinion is that he only has himself to blame. We haven't maximised our move to the new ground and continue not to do so. No mention of whether it's good will, or in the form of loans? Hopefully the rumoured interest is serious and a sale can be concluded ASAP so we can finally lift the anchor off S.T.F.C I suspect that the monies introduced will have been met with equivalent increase in shares as he did for the training ground so he should recoup it on any disposal 🤔
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Post by wookeywombat on Nov 24, 2023 17:55:57 GMT 1
The quoted accumulated losses covered the Covid period and it was hardly surprising that the loss was so great as with other clubs. I would assume that he has dipped into his pocket to allow the player budget to remain the same as last year (acknowledged by Moore). This does not explain the poor recruitment of quantity over quality.
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Post by martinshrew on Nov 24, 2023 18:01:04 GMT 1
It's interesting, but my opinion is that he only has himself to blame. We haven't maximised our move to the new ground and continue not to do so. No mention of whether it's good will, or in the form of loans? Hopefully the rumoured interest is serious and a sale can be concluded ASAP so we can finally lift the anchor off S.T.F.C I suspect that the monies introduced will have been met with equivalent increase in shares as he did for the training ground so he should recoup it on any disposal 🤔 Of course. I don't know if it's just me but this RW worshiping for probably loaning the club some money makes me feel somewhat nauseous.
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Post by davycrockett on Nov 24, 2023 18:04:05 GMT 1
I suspect that the monies introduced will have been met with equivalent increase in shares as he did for the training ground so he should recoup it on any disposal 🤔 Of course. I don't know if it's just me but this RW worshiping for probably loaning the club some money makes me feel somewhat nauseous. People keep asking questions so other come up with answers. No hero worship here but maybe a bit more respect ✊
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Post by chirkshrew on Nov 24, 2023 18:04:58 GMT 1
When's sheikh jassim taking over???🤔🤔
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Post by Feedo Gnasher on Nov 24, 2023 18:09:31 GMT 1
Good to receive some form of update, which obviously points a certain way (as does the information on the kit/club shop), brings forth a heck of a lot more questions naturally.
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Post by shrewswolf on Nov 24, 2023 18:11:56 GMT 1
So if we get the premier league money in, we are back to square one? It’s great to have some more communication but it’s still unclear for me. Roland’s initial club statement seemed to be that we were desperate for the funds from the Premier League and this latest update appears to be the same. So how much did SC & BC actually lose us? I’m not saying they didn’t, I’m just trying to make it add up. April will be massive. That will be in the accounts in 3/4 months. A difficult situation here with people telling him to sell up whilst he’s trying to protect the club by not hanging the dirty washing out while someone’s viewing. I suppose so. However a new owner isn’t exactly going to buy without finding all of this out anyway?
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Post by pughywasfree on Nov 24, 2023 18:13:19 GMT 1
Rum that he's had to put his money into the club to keep us afloat due to the financial mismanagement of others. Is there not an argument that it's his own mismanagement? He is in charge after all, and he also put these people in position. I'd like to know how much his poor decisions have cost us, IE: Ricketts, Askey (no break clause), Cotterill & Caldwell have cost us? They were all his decisions. Also this money could be a loan that were paying interest on? Who knows. Everyone makes mistakes, add to that we had Covid to deal with. I think it is very unfair and ungrateful to completely blame him for our financial troubles. Football clubs are not money making businesses in the traditional sense, I imagine it is very difficult to keep in the black. I have heard from a good source that this wasn't a small donation and it is certainly not the first. might be hearsay but it is very plausible. Even the wording of the comments in the article back up the fact that he is too proud to come out and state all he has done behind the scenes. I am glad he has admitted it though as the disrespect from some fans on this board has been OTT. He is a legend, he has done more for STFC than any of us and regardless of whether anyone agrees with his decisions or strategies he deserves respect. Hopefully now we can all try to get behind the new low cost survival strategy and look forward to when things are stabilised.
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Post by Valerioch on Nov 24, 2023 18:15:27 GMT 1
Ref the quote above
"I have heard from a good source that this wasn't a small donation and it is certainly not the first."
Have a look at the Accounts on Companies House and you can soon find the answer, he hasn't been ploughing money in, he's just been steadily growing his investment by enormous values
Obviously we have to wait until the next accounts to see the contents of this 'donation'
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Post by Pilch on Nov 24, 2023 18:25:22 GMT 1
It's interesting, but my opinion is that he only has himself to blame. We haven't maximised our move to the new ground and continue not to do so. No mention of whether it's good will, or in the form of loans? Hopefully the rumoured interest is serious and a sale can be concluded ASAP so we can finally lift the anchor off S.T.F.C I suspect that the monies introduced will have been met with equivalent increase in shares as he did for the training ground so he should recoup it on any disposal 🤔 Is it not football league rules re the shares ? Otherwise you risk falling foul of ffp There is an alternative , don't pay the wages , takes points deductions and prepare for a trip to bury in the near future Could we worse we could still have a manager bleeding us dry and demanding a bigger budget 😟
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Post by jamo on Nov 24, 2023 18:42:50 GMT 1
I find it quite surprising that - apart from the resident club apologist who is contracted to always tow the party line, that others appear so gullible!
Fancy this news being announced - albeit it ‘very reluctantly 🙁’ (yeah right) just after the first meeting with supporters groups in years. Who’d have thought?
If the chairman is to be believed then any such scenario is entirely of his own making, through lack of diligence, scrutiny and most of all the almost criminal neglect of making the most of the greatest opportunity this club ever had.
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Post by DiglisShrew on Nov 24, 2023 18:44:03 GMT 1
I suspect that the monies introduced will have been met with equivalent increase in shares as he did for the training ground so he should recoup it on any disposal 🤔 Is it not football league rules re the shares ? Otherwise you risk falling foul of ffp There is an alternative , don't pay the wages , takes points deductions and prepare for a trip to bury in the near future Could we worse we could still have a manager bleeding us dry and demanding a bigger budget 😟 Gosh Pilch - I only made a comment about a possibility- no need to be so bloody doom laden !!
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