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Author Topic: New beginnings - 25% Truth, 80% Bollocks  (Read 1254258 times)
RobertT

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« Reply #10740 on: Wednesday, January 24, 2024, 21:19:01 »

Here’s how to inform your fans on the financial state of your club. Lincoln City’s latest accounts - numbers very similar to ours re attendance and turnover.

https://www.weareimps.com/siteassets/club/2024-policies/lcfc.accounts.website.2023-compressed.pdf

I am sure that Anthony Hall is going to blow these out of the water.

They are trading at a loss, because they have someone willing to invest Capital every year.  Their total expenses are a smidge over what we claim, but they are supporting a wage bill of at least a couple of million over ours, given the level (and shown to be around 6m in their accounts).

It continues to beg the question what on earth we are spending 8.3m on.
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ChalkyWhiteIsGod
TOLD YOU SO

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« Reply #10741 on: Wednesday, January 24, 2024, 21:22:26 »

Cocaine for Adam and handbags for our Hollie
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Bob1978

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« Reply #10742 on: Wednesday, January 24, 2024, 21:58:46 »

Why doesn’t Aberdeen talk about what he knows. Loyal supporter, ex trust member, helped instigate power’s demise. Why has he gone so quiet since leaving the club??
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The Artist Formerly Known as Audrey

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« Reply #10743 on: Wednesday, January 24, 2024, 21:59:32 »

Maybe he likes his kneecaps
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Outletred

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« Reply #10744 on: Wednesday, January 24, 2024, 22:14:03 »

Why doesn’t Aberdeen talk about what he knows. Loyal supporter, ex trust member, helped instigate power’s demise. Why has he gone so quiet since leaving the club??

Prob signed an NDA
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Bob1978

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« Reply #10745 on: Wednesday, January 24, 2024, 22:22:42 »

Prob signed an NDA

Yeah but if you love the club so much….? More interested in the money? If there is criminality he should report it. He must talk to people who talk to people though.
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cheltred69

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« Reply #10746 on: Wednesday, January 24, 2024, 22:38:48 »

Here’s how to inform your fans on the financial state of your club. Lincoln City’s latest accounts - numbers very similar to ours re attendance and turnover.

https://www.weareimps.com/siteassets/club/2024-policies/lcfc.accounts.website.2023-compressed.pdf

Enlightening to see something as open and transparent as this. If only!!

This does though highlight that even an apparently well run club can’t survive without significant levels of money being poured in every year. A mid-table league 1 budget with decent gates and they’re losing up to £3m pa.
Given that we currently have similar income and we know there’s no appetite or ability for the owner to fund ongoing deficits we will obviously not be able to afford a wage bill anything like Lincoln have even if we were run effectively.
But surely not every club positioned between Lincoln and us will be making losses on this scale and most will have lower income  so there must be a big black hole somewhere. I’d love to see more examples of accounts to better judge how other clubs are getting by in a more successful way than we are.
Why he is hanging on with ownership that on the surface is only going to haemorrhage money he apparently doesn’t have raises massive red flags.
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Bob1978

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« Reply #10747 on: Thursday, January 25, 2024, 02:23:50 »

These tweets make interesting reading:
https://twitter.com/bcks109/status/1750269942736339206
So much for due diligence… thanks trust
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Bob1978

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« Reply #10748 on: Thursday, January 25, 2024, 02:35:04 »

https://twitter.com/LowerLeagueLook/status/1750302763706118199
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Robinz

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« Reply #10749 on: Thursday, January 25, 2024, 03:06:36 »

Suggest many people have tried suggesting and sharing these thoughts for a long time now.
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Riddick

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« Reply #10750 on: Thursday, January 25, 2024, 06:18:33 »

These tweets make interesting reading:
https://twitter.com/bcks109/status/1750269942736339206
So much for due diligence… thanks trust

How much trust do we put in this blokes 'research'. It may or may not be true, but just randomly believing some bloke on twitters 'research' is risky in my opinion. Its very easy for these things to play into preconceived notions of what's happening.

Anyone know the bloke and can vouch for his authenticity?
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The Artist Formerly Known as Audrey

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« Reply #10751 on: Thursday, January 25, 2024, 06:51:36 »

Well, the pattern is similar to what is happening here. Makes it more difficult to believe he has personally pumped £1m+ into the club lately - if there has been money put in, where is it from? The age old question when it comes to our club’s finances.
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DiV
Has also heard this

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« Reply #10752 on: Thursday, January 25, 2024, 07:01:35 »

How much trust do we put in this blokes 'research'. It may or may not be true, but just randomly believing some bloke on twitters 'research' is risky in my opinion. Its very easy for these things to play into preconceived notions of what's happening.

Anyone know the bloke and can vouch for his authenticity?

My first thought also.
He said he’s done his due diligence & it’s all there in the public domain yet has sited none of his sources.

Just because of where we are as a fanbase - we’ll instantly believe anything negative about the club or owner(s)
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Bob1978

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« Reply #10753 on: Thursday, January 25, 2024, 07:12:19 »

How much trust do we put in this blokes 'research'. It may or may not be true, but just randomly believing some bloke on twitters 'research' is risky in my opinion. Its very easy for these things to play into preconceived notions of what's happening.

Anyone know the bloke and can vouch for his authenticity?

Fair point but It’s part of the picture. I wish someone would get to the bottom of what is actually going on. If Clem is legit I’d like to know that too.
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Batch
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« Reply #10754 on: Thursday, January 25, 2024, 07:18:38 »

Some of his businesses failing are a matter of public record.

I'm not convinced Able would have been the saviours he thinks. And just because there were recognised names associated doesn't mean it wasn't a front. But that's academic now.

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