Fans Forum Questions?

[Piemonte]

CCJ   BRADFORD 23/01/2007 1,139  Judgement

[jayohaitchenn]

in english please pieface.

[Piemonte]

Errrrr, those people above own the respective ammounts shown of shares in the holding company. Thats it.

And the holding co had a CCJ recorded against it 23/1/07

[RobertT]

nice to see they run the holding company just as well then.  Wonder who it was and how much?

[janaage]

What's the ten year plan???

Premiership champions and Champions League finalists?

[sonic youth]

Oh fucking hell. This is just depressing

I'm starting to think that they don't even know what they're on about half the time, it's just incoherent babble.

I'm going to dig out my DSM-IV and find out if there are grounds to section the board under the mental health act, they're sounding like a bunch of schizophrenics.

[RobertT]

How do they propose to cut the losses by 500k?  we were lead to believe the last 5 years saw stringent cost cutting to the extent we started last season with about 8 loan players.

If they can't break even with 7000 crowds and League 2 salaried players, what hope have they got?

[Reg Smeeton]

How do they propose to cut the losses by 500k?  we were lead to believe the last 5 years saw stringent cost cutting to the extent we started last season with about 8 loan players.

If they can't break even with 7000 crowds and League 2 salaried players, what hope have they got?

 Which is another reason why Board pastis (you know who they are) need to change their view or  wave at O*frod as we pass them on our way to the Conference.

[lebowski]

Q. What is the next five-year plan? Why should we believe you given the absolute failure of the past five-year plan (unless it was to get relegated and stay in losses)?
Rob Tuck

The outline plan for the next five years is to reduce annual operating losses to £300K and to achieve Championship status.

It is extremely difficult for any club at this level to operate within its own resources and remain competitive on the pitch. The plan presents a significant but achievable challenge.

no mention of a new stadium there. surely that's a major part of any 5 year plan of this or any board?

<bannatyne>

these figures just don't stack up. the business plan is totally unrealistic, and the valuation of the company is outrageoulsy optimistic.

i'm out.

</bannatyne>

[The_Plagiarist]

liking the dragons den reference

[red macca]

Q: Who are the shareholders in the Club's Parent Company?

A: James Wills and Breams Registrars and Nominees Limited.

Q. What is the win bonus for the team?
David Astin

The actual win bonus should remain confidential. However, it is excessive for League 2 and League 1. It is also higher than many of the clubs in the Championship. It will be reduced significantly for next season.

Q. What is the current situation concerning budget for bringing in players given players that have left the club, compensation for Wise/Poyet, and the income from the summer concert?
Bob Milton, Trowbridge

Funds are available for Paul Sturrock to bring in at least three loan signings if the right players can be identified and are available. Half of the compensation due for Dennis Wise has been received, the balance is due in May 2007.

The Club made around £50K on the Bryan Adams concert. Most of the profit was attributable to the bars and catering and the funds have formed part of our working capital for the year

Q. When can we expect to see Mike Sullivan returning to his role at the club, and after six months as acting CEO, when will Martyn Starnes be confirmed as our permanent CEO?
Tom Godfrey

Clarification of Mike Sullivan's position is expected in the next few days. Martyn Starnes will continue as Acting Chief Executive for the time being.

Q: Can the board give cast iron guarantees that we will have a club to support next year?
Mark Merriman

The Board is completely confident that the fans will have a club to support next year

Q. What is the next five-year plan? Why should we believe you given the absolute failure of the past five-year plan (unless it was to get relegated and stay in losses)?
Rob Tuck

The outline plan for the next five years is to reduce annual operating losses to £300K and to achieve Championship status.

It is extremely difficult for any club at this level to operate within its own resources and remain competitive on the pitch. The plan presents a significant but achievable challenge.

Q. What is the break-even crowd this season? Is there still a deficit? If so why? And who is responsible?
Jon Sheppard

Regrettably the Club does not break-even and hasn't done so for many years. The majority of Football League clubs are in a similar situation and are subsidised by benefactors to a lesser or greater extent.

Q. Whey have no Accounts been produced for over 3 years?
Bob Moore

The only accounts that are overdue are those that relate to the year ended 31 May 2005. They are completed in draft and await the final audit report. Accounts for the year ended 31 May 2006 do not have to be filed until 31 March 2007.

Q. Given that you are holding a fans forum, do you believe in considering the supporters views when making decisions and how?
Eileen Bailey

The fans are the most significant stakeholders in the Club and of course we believe in considering their views. However, with most issues there are many views and opinions to satisfy and it is impossible to consistently make decisions that will be to the satisfaction of everyone.

Q. What is the current financial position of the club?
Alan Jones

The Club's current financial position is difficult but stable. Every effort is being made to improve the situation and the Board is confident of success in this respect over the next few years.

Q. Mike Diamandis said on Radio Swindon that the CVA was dependent on the ground redevelopment taking place within the 5 years yet the CVA document explicitly rules this out? Can the board explain the discrepancy?
Rob Godfrey

The bullet payment of £900,000 within the CVA document clearly anticipated a successful development and revenue streams from such a development being available in order to make a settlement of that amount. The Administrator, Andrew Andronikou, recognises this and is in the process of re-negotiating the payment schedule accordingly. This is common practice within an active CVA.

Q. What has the money been spent on from the sale of Rory Fallon and Sam Parkin?
Sam Dunne

The money received from the sale of Rory Fallon and Sam Parkin was used to finance the day-to-day running of the Club which includes maintaining the football budget at competitive levels.

Q. Why are all fans groups treated with suspicion and mistrust?
Mark Merriman

The fans groups are certainly not regarded with suspicion and mistrust. Members of the Board speak regularly with representatives of all the fans groups and enjoy excellent relationships with the majority.

So what happened to the supposed £30k bid for rogers then :roll:

[Simon Pieman]

In fairness though mate they can't buy anyone now

[DiV]

whilst 30k was the 'figure' being branded around. I very much doubt it would have been all up front (but I know nothing these days anyway) and I expect maybe as much as half of it would have been based on promotion.

So I expect the exact figure would be less than 30k....plus they dont give a time limit on the loans. 3 loans till the end of the season paying some of their wages could be where the 30k is going as we cant buy players now out of the window.

....or the whole story was complete bollocks to get the fans on side to make us think we were going to sign someone when we obviously werent.

[red macca]

In fairness though mate they can't buy anyone now

I know that si but when sturrock said we couldnt have got leon knight on loan because we could not afford his wages where was that 30k then?

[Simon Pieman]

But we have to stay within 60% or turnover. Buying a player doesn't neccesarily have the same impact.