Thetownend.com

Hello guys n gals

This has probably been discussed before and tbh I haven’t bothered to trawl through past topics to find answers.  :headhurts:

That in mind - just listened to Power’s interview pre Morecambe re club’s actual finances. He stated quite openly when talking about the sad affairs at Bury that Swindon are also losing a significant amount of money each season. It seems that there aren’t very many clubs that actually turn a profit which is very worrying. Call me naive or whatever, but in light of Town’s recent history on the pitch these last few years, I had quietly reassured myself that “at least we’re not losing money”. Seems I was very mistaken. I mean all we’ve heard power talk about in the past is sustainability but it seems that is far from the case. What do you make of this? For all the good that is currently going on at the club I can’t help but think that it could all collapse very quickly - also listening to Power’s comments it could almost seem like he already has one foot out the door...

Thoughts?

I've been waiting for a thread like this to come into my life. It feels like the first time someone has had a reaction to action. The damage is done, but all I know is he flame still burns and I will fight for you.

I have waited for so long. This is urgent.

`When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea'.

Guess I found the 80% bollocks department  :pint:

I wanna know what love is?

Stop being so cold as ice.

Ice ice baby.

Baby don't hurt me, don't hurt me, no more.

No More "I Love You's"

It was all going well and then somebody had to bring Haddaway into it!

Not particularly interesting fact but he shares a first name with an infamous former town player (no googling)

TBF to the original poster it should be something that fans of every lower league club are shitting themselves about and something the FA/FL need to address  :Ride On Fatbury's Lovestick: :Ride On Fatbury's Lovestick:

The great Nestor! I have actually seen Haddaway live and he was a bit shit.

The fact is that 90%+ of all football clubs in the bottom 2 divisions never run an operating profit and rely upon player sales to fill any voids from low crowds or poor sponsorship deals etc.

We have few saleable assetts, again like 90%+ of all bottom 2 division league clubs so we rely upon cash injections from owners/sponsorship deals, selling rights etc.

A few take short term loans to get them out of this division and go for broke with promotion, some it works for like Bournemouth most it fails for like Bury.

I read this week that MKD are losing £3m a year, thats been for the last 3 seasons and that is considered an acceptible loss by Winklebum.

Power has always had an exit strategy, and its when he wont put any more into the club or he can sell it for what he considers its full value.

The club is not worth much at the moment so he won't sell unless there is a good fee from any buyer, which is massively unlikely, certainly not whle we are in this division. Power will own the training ground and lease it back to the club so will not lose money that way, eventually, but until thats all in place Power won't leave no matter what, until everything is in black and white and he has his investment covered.

And yes this has all been covered many many times in the past, the most recent in this thread about Morfunis investment.

http://thetownend.com/index.php?topic=57808.0

You are a Juke Box Hero

FFS Winklebum.

:Ride On Fatbury's Lovestick:

He's a sneaky one cos he owns the whole land and retail park their ground is on, including a massive IKEA and ASDA, and maybe more spaces too. Is he being disingenuous? What's the turnover for the whole 'project', as he has used the football club for leverage to expand his retail park at the expense of other areas of MK

Thank you :)

I’d be amazed if we managed to see out the season in all honesty, and if we do, I think it’s almost certain we will end up like Bury did this season.

Jeez, where’s Reg when you need him.  ::)

All this talk of love and seagulls, makes me think of Bobby Seagull and his interpretation of the Drake Equation, in order to calculate to how many women might be a good match for him.... he comes up with 73. Based on experience I'd say a decent estimate.

https://www.theguardian.com/lifeandstyle/2019/sep/09/all-you-need-is-maths-the-man-using-equations-to-find-love

Over a four year stretch we are net positive (in profit), however, the first season back at this level left us a 1.7m deficit.  So, if we consider two more years of similar, we've wiped that out and owe someone some money.  It's possibly Power, maybe Morf, maybe someone else.  Total debt of 5m by end of 2017/2018 season, down from a peak of 14m under Black and a peak of over 6m under Power (when he had to get shot of Jed).  Basically being down here is bad for business and Power's bank balance, however it is all being loaded as debt, so we would be the long term losers.  I doubt the share purchase has been factored in yet, so we may have covered last seasons loss without adding to the debt pile, which would be good, and still leave us better off than most of the past 20 years.

Power has been quoted as saying that: i.e. a nominal amount, and it will be for 50 years.

When he bought the land for the training ground he had other ideas to ensure he wouldn't be out of pocket:

Nah, he's going to use it as a slave farm, populated by season ticket holders who have been sold into slavery after having Mastercards foisted on them, going on a huge spending spree in the club shop and being unable to clear the debt.