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Post by gainsparkshrew on Mar 29, 2024 12:00:43 GMT 1
I understand that Roland sold some land at the corner of the stadium to Morris for 500k and would receive a further 500k should when they be successful gaining planning permission. May explain where the Interest free loan has come from….. Interesting, give us some more details? it was transferred into another company something like Shrewsbury Town 2017 at the time of the Lidl deal but can’t find any reference now. You've got the wrong piece of land Mr C.
I was the one who discovered STFC 2007, plus the suspended points reduction that the club tried to hush up. Both came to light about the same time back in 2016 and got me a nice invite in for coffee and a meeting with BC
The piece of land in question is where the road access to Lidl is now and was transferred from club ownership to the new company to protect the club. The reasoning was simple and very clever. Whilst Lidl was being built a lot of lorries had had to enter and exit the site via this piece of land and across what had been the pavement. If a pedestrian was hit by a lorry then he\she would want to sue to get recompense for injuries. If the club owned the land they would expect a large payout, however with the new company owning land the payment could be limited as it's value was set at £100.co
The company still exists today and still owns that specific piece of land for the same purpose
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Mr Magoo
Shropshire County League
Posts: 99
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Post by Mr Magoo on Mar 29, 2024 12:03:41 GMT 1
New team coach from Spurs that was also refitted Two night stays at expensive hotels (has that bill been paid yet?) Expensive medical consultants in London for injured players Players on over inflated wages Containers full of replica kit from Umbro Extra container costs (see above)
It all adds up
Has that cash loan been paid back that RW lent BC???
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Post by ThrobsBlackHat on Mar 29, 2024 12:06:34 GMT 1
New team coach from Spurs that was also refitted Two night stays at expensive hotels (has that bill been paid yet?) Expensive medical consultants in London for injured players Players on over inflated wages Containers full of replica kit from Umbro Extra container costs (see above) It all adds up Has that cash loan been paid back that RW lent BC??? Where is all that "info" from? It's not a public source.
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Mr Magoo
Shropshire County League
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Post by Mr Magoo on Mar 29, 2024 12:16:48 GMT 1
New team coach from Spurs that was also refitted Two night stays at expensive hotels (has that bill been paid yet?) Expensive medical consultants in London for injured players Players on over inflated wages Containers full of replica kit from Umbro Extra container costs (see above) It all adds up Has that cash loan been paid back that RW lent BC??? Where is all that "info" from? It's not a public source. You’re right it’s not public knowledge but it’s true
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Post by davycrockett on Mar 29, 2024 12:36:04 GMT 1
Interesting, give us some more details? it was transferred into another company something like Shrewsbury Town 2017 at the time of the Lidl deal but can’t find any reference now. You've got the wrong piece of land Mr C.
I was the one who discovered STFC 2007, plus the suspended points reduction that the club tried to hush up. Both came to light about the same time back in 2016 and got me a nice invite in for coffee and a meeting with BC
The piece of land in question is where the road access to Lidl is now and was transferred from club ownership to the new company to protect the club. The reasoning was simple and very clever. Whilst Lidl was being built a lot of lorries had had to enter and exit the site via this piece of land and across what had been the pavement. If a pedestrian was hit by a lorry then he\she would want to sue to get recompense for injuries. If the club owned the land they would expect a large payout, however with the new company owning land the payment could be limited as it's value was set at £100.co
The company still exists today and still owns that specific piece of land for the same purpose
I’m referring to the piece with the Next Game sign on it beyond the road? are you referring to just the road? I'm interested? (can’t find any detail of Shrewsbury Town 2007 now although I do remember this) Similarly the club claimed to not own Super Blues Way and said they couldn’t maintain it until I got a copy of the land ownership from Land Registry showing we owned up to the railway fence. Not sure if it was BC or Mat at the time 😅
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Post by stuttgartershrew on Mar 29, 2024 13:03:35 GMT 1
Can someone compile a table of losses for all other League One clubs, to get some perspective? As a starter for 10, our opponents tomorrow, Oxford Utd have just published their end of year accounts. They made a loss of £6,180,52. This figures includes the sum of £1,627,407 for player sales. 51% owned by Erick Thohir and Anindya Novyan Bakrie. Both of whom, from what I can see, have a net worth of over a billion USD. Even here in the 3rd its crazy just how uneven the playing field is...
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Post by vladimir on Mar 29, 2024 15:49:37 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. In other words a model relying on transfer sales and cup runs is pure fairy dust and plans should he based on reality Theres definitely a balance to be struck and it seems this time we've veered severely. Compare these accounts to the Hurst play off season where we posted a profit and shouldve loosened the strings to try and get over the line.
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Post by staffordshrew on Mar 29, 2024 18:58:18 GMT 1
An interesting interview with football financial analyst Kieren Maquire around ten minutes from the end of "The Verdict" on Radio Shropshire.
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Post by tarporleyblue on Mar 29, 2024 19:21:46 GMT 1
Shrewsbury is a small town and I bump into burnt out and bitter ex staff & volunteers all the time. It's always the same story. Many of them don't even attend any more, or hardly ever, and that includes people who were very loyal fans and servants of the club. And now the club, because of the need for cost cutting is in need of the very same volunteers to step forward and offer their services for free. How things have changed.
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Post by Pilch on Mar 29, 2024 19:58:23 GMT 1
Shrewsbury is a small town and I bump into burnt out and bitter ex staff & volunteers all the time. It's always the same story. Many of them don't even attend any more, or hardly ever, and that includes people who were very loyal fans and servants of the club. And now the club, because of the need for cost cutting is in need of the very same volunteers to step forward and offer their services for free. How things have changed. football clubs all around the world are the same, no money for anyone apart from the players and coaches, volunteers essential, loyalty essential, some clubs occasionally do nice things like hand out free scarves and then we mock them, some have moneybags owners and we accuse them of cheating or buying the league, managers can get financially rewarded for failure. and then find another job and do it all again. players & managers can divide fans even families, some fans expect too much and make crazy suggestions. ( fill the corners in, spend £650k on greg Doherty, pay everyone off, lower the price, its something silly every week ) some like me just appreciate having a football club to allow us to turn up and watch a game of football, not have unrealistic expectations and trust those who run the club to be doing their best for the club.
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Post by wakemanender on Mar 29, 2024 20:31:07 GMT 1
Had a moan today to some Oxford fans about our finances only to be told that they were 24million in debt. Happy days.
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Post by northwestman on Mar 29, 2024 20:37:55 GMT 1
Meanwhile, over at Wrexham... www.dailymail.co.uk/sport/football/article-13251745/Ryan-Reynolds-Rob-McElhenney-funding-Wrexham-Hollywood-National-League-promotion.htmlWrexham paid out £6.9million in wages during their promotional season from the National League as the level of funding from the club’s Hollywood owners Ryan Reynolds and Rob McElhenney was revealed in their latest accounts. The Welsh side were promoted as champions from the National League last season with a record 111 points, after edging Notts County in a head-to-head battle for the one automatic spot. Reynolds and McElhenney admitted last year they would have been ‘f*****’ if the club had failed to have achieved promotion to League Two. Wrexham made an overall loss of £5.1million during the National League season, representing a record in the division.
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Post by dibblydobbly on Mar 29, 2024 21:11:42 GMT 1
You've got the wrong piece of land Mr C.
I was the one who discovered STFC 2007, plus the suspended points reduction that the club tried to hush up. Both came to light about the same time back in 2016 and got me a nice invite in for coffee and a meeting with BC
The piece of land in question is where the road access to Lidl is now and was transferred from club ownership to the new company to protect the club. The reasoning was simple and very clever. Whilst Lidl was being built a lot of lorries had had to enter and exit the site via this piece of land and across what had been the pavement. If a pedestrian was hit by a lorry then he\she would want to sue to get recompense for injuries. If the club owned the land they would expect a large payout, however with the new company owning land the payment could be limited as it's value was set at £100.co
The company still exists today and still owns that specific piece of land for the same purpose
I’m referring to the piece with the Next Game sign on it beyond the road? are you referring to just the road? I'm interested? (can’t find any detail of Shrewsbury Town 2007 now although I do remember this) Similarly the club claimed to not own Super Blues Way and said they couldn’t maintain it until I got a copy of the land ownership from Land Registry showing we owned up to the railway fence. Not sure if it was BC or Mat at the time 😅 There are two pieces - the road, which carries risk so is in the company you mention, and the part with signage on which is still in the club. If you look at the accounts, page 28 of the pdf note 12 it lists the company involved and confrims that 100% of the shares are owned by STFC. So all land is in the group as a whole.
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Post by dibblydobbly on Mar 29, 2024 21:13:01 GMT 1
Meanwhile, over at Wrexham... www.dailymail.co.uk/sport/football/article-13251745/Ryan-Reynolds-Rob-McElhenney-funding-Wrexham-Hollywood-National-League-promotion.htmlWrexham paid out £6.9million in wages during their promotional season from the National League as the level of funding from the club’s Hollywood owners Ryan Reynolds and Rob McElhenney was revealed in their latest accounts. The Welsh side were promoted as champions from the National League last season with a record 111 points, after edging Notts County in a head-to-head battle for the one automatic spot. Reynolds and McElhenney admitted last year they would have been ‘f*****’ if the club had failed to have achieved promotion to League Two. Wrexham made an overall loss of £5.1million during the National League season, representing a record in the division. Something has to change for football to get back to sanity
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Post by ThrobsBlackHat on Mar 30, 2024 9:22:15 GMT 1
Going back to a point made about who is ultimately responsible, or not.
I found it interesting at companies house we have a secretary in Mr Parry, a Director in Mr Montgomery, and a Managing Director in Mr Wycherley?
Was this the same before? Or has Mr Wycherley taken a more hands on role in the board again?
Because having different job titles doesn't suggest the power dynamic and responsibility is equal.
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Post by ThrobsBlackHat on Mar 30, 2024 9:28:14 GMT 1
I was looking for the first mention of toilet seats, found one in 2008 from ssshrew it seems there were meetings going on, labelled at the time, "hush hush meetings", invite only. heres a thread about one, it mentions an earlier meeting too that there is no mention of but does mention who was there blueandamber.proboards.com/thread/51028/fao-chosenyes SSShrew does indeed drop in the question about toilet seats, im wondering if anyone who went to that meeting bothered to ask the question on her behalf ? typically the thread involves a hint of smugness from those invited, animosity from those not, and snipes galore, and bizarre how some of those invited now cant handle not being invited at least in recent meetings there has been a bit of transparency and fans have actually been represented by those representing them at meetings It may have been some of that was all on the STFC Facebook page. There was certainly enough of a furore about it to both start to raise it in fans meetings for a good long while and then ultimately in the fanzine. One of the key moments was how dismissive they were of the reasoning and we were told it was impossible. Everyone in the room knew that couldn't be true. It became an issue for me partly because of Sheila's consistent raising of it and then when I my own daughter to her first games in about 2015/16. There literally was no way for an adult male to take a female child to a game safely. For Glyn it was his Mum talking about it.
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Post by darkshrew on Mar 30, 2024 9:45:05 GMT 1
I disagree. The Chairman leads the board, he is not merely part of it. You say all three directors were responsible. I agree but maintain that the Chairman bears the greatest responsibility. The fact is that two of the three have resigned already, but not the Chairman of course! The chairman of an organisation with which I'm closely connected resigned recently over a matter in which he had absolutely no personal involvement. He believed he bore ultimate responsibility for what had gone wrong. Of course Wycherley is never likely to step down as chairman when he owns more than 75% of the shares. And there's no obvious replacement for him if he did. And therein lies another aspect of the problem. The board has been a 2 or 3 man operation for so long, though in reality a one man show as we all know, that its narrowness and lack of diverse thinking has become an accepted part of the club's fabric. It's sclerotic. Is there any succession plan other than an outright sale? Can't see any evidence of one. Had the board been stronger, Wycherley could step back without having to sell his shares, but there's nobody there to step up. Wycherley deserves great credit for rescuing the club when he came in, for overseeing the successful move from Gay Meadow, and for the many years of stability. But he can't take credit for when things go well without taking responsibility for when they don't. And today it's become crystal clear that things haven't gone at all well for some time. I appreciate Wycherley's efforts to put things right but in a better run organisation someone else would be doing that. But that's football! Change is needed, now more than ever. Well when it comes to someone else, the Club has Liam in place who is bringing fresh thinking, no question The succession plan was laid out for all to see with PD but it failed basically through lack of funds (Covid), so now it starts again I should think. If the Board could be 5 or 6 decent people who would put time in (and a bit of cash) and work as a team I would be all for it. But for today, as you say, we need the Chairman until things change. Roland's view of what the Board is there for is, IMHO, one of the reasons that he gets it wrong so many times. The Board has a critical role in the governance of the club by challenging management decisions, challenging the performance of executive management, and holding executive management to account. If the Chairman of the Board is the one running the show and he views the Board members as people whose only role is to chip in some cash and offer up some ideas for him to say yay or nay to, then it is a waste of time. As you say, we could do with 5 or 6 decent people to oversee the club. We have a number of fans with big corporate backgrounds who would happily be on the Board without remuneration. I would suggest we get them with the following backgrounds: 1. Chief Marketing Officer from major firm 2. General Counsel / partner in law firm 3. Finance Director from major Financial Services firm 4. Director of major housing developer / Property manager for major company 5. IT Director from major firm 6. COO from major firm They could bring both challenge and ideas. I know at least one in each category where major firm = FTSE 100, not a local sponsor. Roland could probably flog them a few shares too. This would not solve the succession problem but it would make sure that the Board operated properly and it would probably make the club run a hell of a lot better as they would come with invaluable experience. Even though it would be free and probably provide some cash as well as great ideas the Chairman won't do it - he knows that if he were to decide to go against the decision of the Board (which he could as he owns the majority of shares) then the directors would resign and it would be obvious where the problem lay. Oh, hang on......
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Post by cabanas2017 on Mar 30, 2024 9:58:01 GMT 1
Interesting, give us some more details? it was transferred into another company something like Shrewsbury Town 2017 at the time of the Lidl deal but can’t find any reference now. You've got the wrong piece of land Mr C.
I was the one who discovered STFC 2007, plus the suspended points reduction that the club tried to hush up. Both came to light about the same time back in 2016 and got me a nice invite in for coffee and a meeting with BC
The piece of land in question is where the road access to Lidl is now and was transferred from club ownership to the new company to protect the club. The reasoning was simple and very clever. Whilst Lidl was being built a lot of lorries had had to enter and exit the site via this piece of land and across what had been the pavement. If a pedestrian was hit by a lorry then he\she would want to sue to get recompense for injuries. If the club owned the land they would expect a large payout, however with the new company owning land the payment could be limited as it's value was set at £100.co
The company still exists today and still owns that specific piece of land for the same purpose
This is additional to the land you mention I believe
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Post by MartinB on Mar 30, 2024 12:45:51 GMT 1
New team coach from Spurs that was also refitted Two night stays at expensive hotels (has that bill been paid yet?) Expensive medical consultants in London for injured players Players on over inflated wages Containers full of replica kit from Umbro Extra container costs (see above) It all adds up Has that cash loan been paid back that RW lent BC??? you missed players having individual rooms in hotels rather than standard practice of sharing
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Post by davycrockett on Mar 30, 2024 14:28:37 GMT 1
You've got the wrong piece of land Mr C.
I was the one who discovered STFC 2007, plus the suspended points reduction that the club tried to hush up. Both came to light about the same time back in 2016 and got me a nice invite in for coffee and a meeting with BC
The piece of land in question is where the road access to Lidl is now and was transferred from club ownership to the new company to protect the club. The reasoning was simple and very clever. Whilst Lidl was being built a lot of lorries had had to enter and exit the site via this piece of land and across what had been the pavement. If a pedestrian was hit by a lorry then he\she would want to sue to get recompense for injuries. If the club owned the land they would expect a large payout, however with the new company owning land the payment could be limited as it's value was set at £100.co
The company still exists today and still owns that specific piece of land for the same purpose
This is additional to the land you mention I believe It’s quite simple tell us which piece of land cos they’re the only two bits not within the perimeter?
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Post by davycrockett on Mar 30, 2024 14:49:47 GMT 1
Going back to a point made about who is ultimately responsible, or not. I found it interesting at companies house we have a secretary in Mr Parry, a Director in Mr Montgomery, and a Managing Director in Mr Wycherley? Was this the same before? Or has Mr Wycherley taken a more hands on role in the board again? Because having different job titles doesn't suggest the power dynamic and responsibility is equal. Dave Parry, The Club Secretary had been club secretary for many years until he retired 2/3 years ago. He was Roland’s head of accounts when he was in business. He came back when we found ourselves without one (BC left) as a favour to RW. His only role is whatever a Club Secretary’s duties are and he’s a good man. Mr Montgomery turned up late 2022 I believe and joined the board as financial director in Feb 23….. Hughes resigned Feb 23 but I don’t think he’d been active for years and Delves resigned Feb 24 Has RW been referred to as Managing Director somewhere I can’t see it ?
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Post by ThrobsBlackHat on Mar 30, 2024 14:53:42 GMT 1
Going back to a point made about who is ultimately responsible, or not. I found it interesting at companies house we have a secretary in Mr Parry, a Director in Mr Montgomery, and a Managing Director in Mr Wycherley? Was this the same before? Or has Mr Wycherley taken a more hands on role in the board again? Because having different job titles doesn't suggest the power dynamic and responsibility is equal. Dave Parry, The Club Secretary had been club secretary for many years until he retired 2/3 years ago. He was Roland’s head of accounts when he was in business. He came back when we found ourselves without one (BC left) as a favour to RW. His only role is whatever a Club Secretary’s duties are and he’s a good man. Mr Montgomery turned up late 2022 I believe and joined the board as financial director in Feb 23….. Hughes resigned Feb 23 but I don’t think he’d been active for years and Delves resigned Feb 24 Has RW been referred to as Managing Director somewhere I can’t see it ? In the companies house list of directors
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Post by davycrockett on Mar 30, 2024 14:58:11 GMT 1
Dave Parry, The Club Secretary had been club secretary for many years until he retired 2/3 years ago. He was Roland’s head of accounts when he was in business. He came back when we found ourselves without one (BC left) as a favour to RW. His only role is whatever a Club Secretary’s duties are and he’s a good man. Mr Montgomery turned up late 2022 I believe and joined the board as financial director in Feb 23….. Hughes resigned Feb 23 but I don’t think he’d been active for years and Delves resigned Feb 24 Has RW been referred to as Managing Director somewhere I can’t see it ? In the companies house list of directors It says Director not Managing Director? find-and-update.company-information.service.gov.uk/company/00315587/officersInterestingly Brian Caldwell still a Director of STFC2007 limited. find-and-update.company-information.service.gov.uk/company/10477054/officers
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Post by Pilch on Mar 30, 2024 15:01:03 GMT 1
dormant anyway isn't it
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Post by ThrobsBlackHat on Mar 30, 2024 15:02:53 GMT 1
Role: Director Occupation: Managing Director
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Post by DiglisShrew on Mar 30, 2024 15:41:21 GMT 1
Going back to a point made about who is ultimately responsible, or not. I found it interesting at companies house we have a secretary in Mr Parry, a Director in Mr Montgomery, and a Managing Director in Mr Wycherley? Was this the same before? Or has Mr Wycherley taken a more hands on role in the board again? Because having different job titles doesn't suggest the power dynamic and responsibility is equal. Dave Parry, The Club Secretary had been club secretary for many years until he retired 2/3 years ago. He was Roland’s head of accounts when he was in business. He came back when we found ourselves without one (BC left) as a favour to RW. His only role is whatever a Club Secretary’s duties are and he’s a good man. Mr Montgomery turned up late 2022 I believe and joined the board as financial director in Feb 23….. Hughes resigned Feb 23 but I don’t think he’d been active for years and Delves resigned Feb 24 Has RW been referred to as Managing Director somewhere I can’t see it ? For the sake of accuracy he is the Company Secretary - Jayne Bebb is the Club Secretary 🤔
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Post by dibblydobbly on Mar 30, 2024 15:50:09 GMT 1
Going back to a point made about who is ultimately responsible, or not. I found it interesting at companies house we have a secretary in Mr Parry, a Director in Mr Montgomery, and a Managing Director in Mr Wycherley? Was this the same before? Or has Mr Wycherley taken a more hands on role in the board again? Because having different job titles doesn't suggest the power dynamic and responsibility is equal. Companies House job titles are part of the form when an individual joins. To change it to something else a form has to be filed, howevr that form (CH01) only aloows changes to Names and Addresses, not job titles. So the job titles are whatever the person put on the ofrm when they first joined,way back when. The only way to change it is to resign as a director then be reapppinted which seems a bit extreme.
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Post by dibblydobbly on Mar 30, 2024 16:02:08 GMT 1
As you say, we could do with 5 or 6 decent people to oversee the club. We have a number of fans with big corporate backgrounds who would happily be on the Board without remuneration. I would suggest we get them with the following backgrounds: 1. Chief Marketing Officer from major firm 2. General Counsel / partner in law firm 3. Finance Director from major Financial Services firm 4. Director of major housing developer / Property manager for major company 5. IT Director from major firm 6. COO from major firm They could bring both challenge and ideas. I know at least one in each category where major firm = FTSE 100, not a local sponsor. Roland could probably flog them a few shares too. This would not solve the succession problem but it would make sure that the Board operated properly and it would probably make the club run a hell of a lot better as they would come with invaluable experience. Even though it would be free and probably provide some cash as well as great ideas the Chairman won't do it - he knows that if he were to decide to go against the decision of the Board (which he could as he owns the majority of shares) then the directors would resign and it would be obvious where the problem lay. Oh, hang on...... Well, if you confidently know 6 senior people from FTSE 100 companies that would help the club say a day a month for free, and are Town fans, then I would suggest you need to talk to Liam and give him their details?
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Post by ThrobsBlackHat on Mar 30, 2024 17:52:40 GMT 1
Is there a league one comparison chart yet for all the different clubs?
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Post by dibblydobbly on Mar 30, 2024 19:22:19 GMT 1
Is there a league one comparison chart yet for all the different clubs? Not sure if this is what you want in terms of losses - three clubs are still to declare results, before midnight tomorrow, but the rest look like this, with -ve numbers being a profit, Derby losing 30 million, and remember the three promoted teams' figures relate to them in League two Peterborough -3,532,195 Stevenage 13,458 Blackpool 259,740 Cheltenham town 529,659 Northampton Town 1,031,113 Carlisle 1,685,007 Cambridge 1,747,155 Lincoln 2,636,064 Shrewsbury 3,021,754 Portsmouth 3,090,710 Leyton Orient 3,906,083 Barnsley 4,008,082 Bolton Wanderers 4,978,428 Wycombe 5,886,303 Fleetwood 6,027,797 Oxford 6,180,529 Derby 30,358,613 Charlton NOT FILED Port vale NOT FILED Exeter NOT FILED
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