|
Post by dibblydobbly on Mar 2, 2024 21:37:24 GMT 1
Externally Audited Accounts will be filed at Companies House by 31st March, I am sure it will all be on there. Not aware that the AGM date has been set, I am sure it will happen, the club is strictly not obliged to have one as they were done away with as legal requirement, form dictates that it will happen, I for one am looking forward to it, as you say it will bring some clarity. Your list of income items certainly details many visible items, but the comment on FFP is not entirely accurate, SCMP/FFP is pegged to other metrics than the internal budget set by the club. It will be vigorously monitored internally and externally as you say. Referring to an AGM, there’s always been one I believe so to decide against would cause significant concerns. It really would be best for the club to be honest and open and quell rumour and gossip. Picking up the last line, a pre season estimate of expected Income with regular updates during the season. My point is if a massive overspend, someone said let’s say 60%, then any overspend can’t have come as to much of a surprise 😮 If hidden then very difficult to comply with the regular updates with any accuracy. Interesting times for many clubs even those well run so the OPs questions a good one but IF extra ‘help’ was given from above clubs would just spend more to maintain a competitive edge. Were also looking forward to the annual report from Ant Thomas. “ Shrewsbury Town Football Club’s accounts for the 2021/22 financial year have been released and shared with Town's shareholders.
As with previous seasons, Salop supporter Ant Thomas has prepared a full and detailed report to help explain the accounts to all of our supporters.”Sequence will be, going by last year, Auditors finish up, Ant analysis published, accounts filed at Companies House, AGM, the first three will be done by 31/3 normally. Agreed that some clubs would spend extra cash that did not have safeguards straight on wages making them no safer.
|
|
|
Post by venceremos on Mar 2, 2024 22:07:52 GMT 1
In answer to the original question, no.
I’m a Darwinian when it comes to football clubs. Bail outs reward incompetence and bad stewardship. If clubs fail & can’t be saved by their own and their fans’ efforts they should be left to fall. Let other, more stable clubs replace them. If enough fans care, a phoenix club will emerge to build again.
That’s not to say there shouldn’t be a fair distribution of revenue to the lower and non-league clubs, but that’s the responsibility of the various governing bodies, not individual clubs.
|
|
|
Post by staffordshrew on Mar 3, 2024 12:56:39 GMT 1
We are a prudent club. We were told we were in disarray at the end of last season, things were changed, we cut our cloth according to our money. Why should we reward clubs that don't?
Did we ever get the Premier League money?
|
|
|
Post by Minormorris64 on Mar 5, 2024 17:17:14 GMT 1
|
|
|
Post by darrinio on Mar 6, 2024 21:59:36 GMT 1
Good question op. I'm a Reading fan living in Shrewsbury for last 17 years. You must love us this season! Think maybe governance is the issue - perhaps something like a traffic light system whereby an amber warning would trigger an investigation preventing clubs getting deep into the sticky stuff like us atm. Man utd gave us Robbie Savages lad Charlie free and Arsenal recently loaned us their U21 centre back free for season to cover the two CB we sold in he window to stay afloat for a few more months. It could be argued this is one way big clubs support distressed clubs lower down without the involvement of monetary bail outs.
|
|
|
Post by staffordshrew on Mar 7, 2024 15:47:06 GMT 1
|
|
|
Post by Minormorris64 on Mar 7, 2024 16:19:50 GMT 1
|
|
|
Post by servernaside on Mar 7, 2024 17:37:58 GMT 1
What on earth is any council doing lending money to private companies ie. football clubs?
Many of them can barely run their own affairs.
|
|
blueboy48
Midland League Division Two
Posts: 167
|
Post by blueboy48 on Mar 7, 2024 18:10:38 GMT 1
Disagree with that. Vast majority CANNOT run their own affairs, full stop. The waste, inefficiency and niavity is mind boggling. Never a problem - just put up the council tax, sorted!
|
|
|
Post by ProudSalopian on Mar 7, 2024 18:11:16 GMT 1
My view is football clubs are no different to any other business. Some are a big financial institutions and building up quite a bit of debt is not a problem, however other ones accrue debt they cannot afford so when it comes to the final stages, they should receive no bailout and instead liquidate & start again. We may be be in shock at some of the losses that these clubs rack up but as long as they can afford to pay their wages & bills, then why does it matter?
People keep saying that football will implode and clubs will need to budget sensibly but I don't see it ever happening. Even clubs who have had financial problems and start to be run 'properly' by fans trusts soon throw away that philosophy when they struggle on the pitch and/or have someone coming along promising lots of money
|
|
|
Post by dibblydobbly on Mar 8, 2024 8:56:50 GMT 1
What on earth is any council doing lending money to private companies ie. football clubs? Many of them can barely run their own affairs. Don't forget the nnumber of Universities sponsoring shirts and stadiums as well as Councils...
|
|
|
Post by ThrobsBlackHat on Mar 8, 2024 14:27:18 GMT 1
Any club not living within its means at our level is cheating us.
Cheating us out of players, making our life harder.
Blackburn and Wigan finished above us in our play off season and lost something like £15 million between them that season. Our wage bill was £3.5 million.
A plague on both their houses.
|
|
|
Post by ssshrew on Mar 8, 2024 14:50:43 GMT 1
And the EFL let them do it which really irks me still.
|
|
|
Post by ProudSalopian on Mar 8, 2024 14:53:41 GMT 1
Any club not living within its means at our level is cheating us. Cheating us out of players, making our life harder. Blackburn and Wigan finished above us in our play off season and lost something like £15 million between them that season. Our wage bill was £3.5 million. A plague on both their houses. Wigan I agree with as they've gone into admin since. But Blackburn are being bankrolled by the Venkys so I don't have a problem with it. Of course people won't like it and you wonder how sustainble it is but as I said before, as long as the bills & wages are paid, then what's the problem? When we last got promotion into L1 we made a loss of nearly £500k, of course it's small fry compared to Blackburn but could other clubs not argue we cheated them?
|
|
|
Post by jamo on Mar 8, 2024 15:16:33 GMT 1
Disagree with that. Vast majority CANNOT run their own affairs, full stop. The waste, inefficiency and niavity is mind boggling. Never a problem - just put up the council tax, sorted! The fact that Shropshire Council have just announced a first council tax rise in eight years kind of dismantles that argument.
|
|
|
Post by servernaside on Mar 8, 2024 15:24:19 GMT 1
Any club not living within its means at our level is cheating us. Cheating us out of players, making our life harder. Blackburn and Wigan finished above us in our play off season and lost something like £15 million between them that season. Our wage bill was £3.5 million. A plague on both their houses. Wigan I agree with as they've gone into admin since. But Blackburn are being bankrolled by the Venkys so I don't have a problem with it. Of course people won't like it and you wonder how sustainble it is but as I said before, as long as the bills & wages are paid, then what's the problem? When we last got promotion into L1 we made a loss of nearly £500k, of course it's small fry compared to Blackburn but could other clubs not argue we cheated them? The problem is that it probably contravenes any Financial Fairplay guidelines and basically means they are cheating.
|
|
|
Post by davycrockett on Mar 8, 2024 15:25:18 GMT 1
Disagree with that. Vast majority CANNOT run their own affairs, full stop. The waste, inefficiency and niavity is mind boggling. Never a problem - just put up the council tax, sorted! The fact that Shropshire Council have just announced a first council tax rise in eight years kind of dismantles that argument. Hmmmm This is the rise from last year, 3.99%, followed by 4.99% this year. I won’t bother going back any further. next.shropshire.gov.uk/media/2bmglu0n/your-guide-to-your-council-tax-bill.pdf
|
|
|
Post by servernaside on Mar 8, 2024 15:25:40 GMT 1
Disagree with that. Vast majority CANNOT run their own affairs, full stop. The waste, inefficiency and niavity is mind boggling. Never a problem - just put up the council tax, sorted! The fact that Shropshire Council have just announced a first council tax rise in eight years kind of dismantles that argument. You're quite right. My original post did say 'many councils' and not all.
|
|
|
Post by ProudSalopian on Mar 8, 2024 16:48:30 GMT 1
Wigan I agree with as they've gone into admin since. But Blackburn are being bankrolled by the Venkys so I don't have a problem with it. Of course people won't like it and you wonder how sustainble it is but as I said before, as long as the bills & wages are paid, then what's the problem? When we last got promotion into L1 we made a loss of nearly £500k, of course it's small fry compared to Blackburn but could other clubs not argue we cheated them? The problem is that it probably contravenes any Financial Fairplay guidelines and basically means they are cheating. If they are contravening the rules then yes of course the are cheating. But racking up losses/debt is not always against the rules or cheating, despite what some of our fans may say
|
|
blueboy48
Midland League Division Two
Posts: 167
|
Post by blueboy48 on Mar 8, 2024 16:50:38 GMT 1
I did use the term "the vast majority"
|
|
|
Post by jamo on Mar 8, 2024 19:25:48 GMT 1
Yes, my bad. I was too hasty responding to a lazy trope. I meant ( and should have put) that locally we had no council tax rise for a number of years and that the controlling political party made a great play of that . Thank you for correcting me.
|
|
|
Post by ThrobsBlackHat on Mar 8, 2024 22:55:20 GMT 1
Any club not living within its means at our level is cheating us. Cheating us out of players, making our life harder. Blackburn and Wigan finished above us in our play off season and lost something like £15 million between them that season. Our wage bill was £3.5 million. A plague on both their houses. Wigan I agree with as they've gone into admin since. But Blackburn are being bankrolled by the Venkys so I don't have a problem with it. Of course people won't like it and you wonder how sustainble it is but as I said before, as long as the bills & wages are paid, then what's the problem? When we last got promotion into L1 we made a loss of nearly £500k, of course it's small fry compared to Blackburn but could other clubs not argue we cheated them? No because that money was from previous transfer sales. We didn't lose it. We were negative in that tax year.
|
|
|
Post by GrizzlyShrew on Mar 8, 2024 23:27:22 GMT 1
Any club not living within its means at our level is cheating us. Cheating us out of players, making our life harder. Blackburn and Wigan finished above us in our play off season and lost something like £15 million between them that season. Our wage bill was £3.5 million. A plague on both their houses. Of course there is always Bury to refer back to. Few years ago they overspent to get themselves up from L2, cant remember if it was Newport or Mansfield who missed out on promotion and then didnt get up out of the play offs either. We all know what happened to Bury. If I'd have been a fan of Newport/Mansfield I'd have been pretty Pd off by it all.
|
|