Trust should help buy Brezovan

[Simon Pieman]

Guessing the stands?

Didn't think about goodwill. But why would we have that?

[hansgruber]

all companies have that. Not sure what our Goodwill will be worth these days with all the Board shenanighans going on

[Simon Pieman]

Aye sorry I wasn't clear. It went up in the last set of accounts. We couldn't just capitalise goodwill that wasnt there surely? Damn these silly summarised accounts

[hansgruber]

doubt it. Those accounts are ridiculous anyway. If an investor wanted to put any money in, how would they know what the club was worth? The accounts are years out of date. Any other company would have been wound up long ago

[Simon Pieman]

It is likely to be for player registrations. I thought I remembered it, that's what football teams do, capitalise it as an intangible then amortise.

http://www.football-research.org/fitda/FITDA-chapter20.htm

Under FRS 10, when a club signs a player through the transfer market, it is required to include the cost of acquiring the player’s registration as an intangible fixed asset on its balance-sheet. In subsequent financial years this cost is then amortised (or written off as an expense) through the profit-and-loss account over the length of his contract.

[hansgruber]

oh dear. More familiar with FRS27 myself, but this basically means the club has no assets at all

[STFC Bart]

But how are we still losing £700k per year?

Our wage bill aint a fortune, it does not add up. Until i see transparancy i refuse to believe anything that comes out from the club including the financials

[Panda Paws]

But how are we still losing £700k per year?

Our wage bill aint a fortune, it does not add up. Until i see transparancy i refuse to believe anything that comes out from the club including the financials

Let's try some maths then ...

Player wage bill ... Let's say £200,000pa

Staff costs: 25 staff on average of £30,000 is £750,000pa

That's nearly a million already in running costs

Rent is around £250,000pa

£1.25m now to run the club.

Then there's things like electricity bills, water bills ... Reckon on maybe a conservative estimate of £150,000pa

Let's say £1.5m per year JUST to run the club.

On an average gate of 5,000pa at costs of £20 a ticket matchday income over a season is £2,000,000 ... But there are plenty of tickets that cost less (£10 town end, season tickets, concessions) ... so let's say £1.5m matchday income.

And ... bloody hell. I've already found a shortfall.

Granted I've not included merchandise sales ...

But even with my shit pigeon maths I've found a hole.

[STFC Bart]

Brown nose

[Frasier3]

Its amazing what you can come up with with some educated guesses. Likewise its not difficult to guess how the club "could" turn a profit.

Lets not forget sponsorship deals, TV revenue (if there was any?), and revenue from Dinner evenings, and any monies received based on final league position etc.

[Panda Paws]

Its amazing what you can come up with with some educated guesses. Likewise its not difficult to guess how the club "could" turn a profit.

Lets not forget sponsorship deals, TV revenue (if there was any?), and revenue from Dinner evenings, and any monies received based on final league position etc.

Yep, I know. It's just pigeon maths and without knowing the full facts you just don't know.

I know you've pointed out other incomes, but other outgoings include the CVA payments and other loans which must be causing more drag on finances. You can see why we're losing cash.

[Panda Paws]

Brown nose

:wanker:

[Northern Red]

Brown nose

:wanker:

Well said  

[STFC Bart]

This club will just amble on with no goals, no direction and objectives with these clowns running it

[Sussex]

This club will just amble on with no goals, no direction and objectives with these clowns running it

Change the fucking record you cunt.