Thetownend.com

But its all part of the plan

http://league1updates.webs.com/apps/blog/show/20315225-afc-bournemouth-not-at-financial-risk-eddie-mitchell#.UK_nGLtu8SI.twitter

Apparently Matt Richie is going in there in January.  Ive seen it on that rumours site it must be true.   :zzz:

Pretty much guarentee in this age of bullshit, before the shit hits, there's not good news coming if you are a bournemouth fan.

Mitchell's son is Director of Football  :yikes:

Why on earth would they want to buy that shitty little stadium anyway?

Plenty of players that I would want from them if they do. Pitman to sign permanent for 60k is an unbelievable signing

What's the capacity of their 3-sided ground? Even if they did get promoted any extra income from increased crowds would be minimal if they cant get that many more fans in the ground

The 4th side has been built for about 2 years now I think, one more than the Pox :)

Lets be honest here, without signifcant annual investment from Andrew Black STFC isn't sustainable either so perhaps we should leave the snearing out.

True. Although sustainability is the long term goal for our board. The Bournemouth people are just throwing money down a bottomless pit.

So what happens to those clubs that have breached the cap, as we did?

We owned up immediately and there was talk then of a number of other clubs in the same boat.

If they don't/didn't own up once they were aware would they be up for points deductions or just a slap.

Cant believe Bornmuff haven't breached it

Wouldn't surprise me if other clubs are also under an umbungo, only our nut job manager chooses to tell everybody whereas others keep shtum.

Agree with this. Although you'd think the amount Black has put in in the past 12 months isn't 6 million and we do get bigger crowds. I'm slightly sceptical of some of our fans claiming we're in brilliant financial health though. We rely on a shit load of investment for our large squad and Di Canio's sometimes lavish spending habits.

We wont ever be self sustaining whilst di canio is boss.Highly unlikely regardless of who the manager is.

Very few clubs are. Walsall is about as good an example as I can think of that frequently (but not always) have run at break even for the last few years.

So we are pretty lucky to have had this investment run under Black. But it presumably it can't last much longer - hence the need for new investment.

Sustainability is the way forward and it won't be too long before it is compulsory I reckon.

5 PL clubs made a profit last season. There's other clubs further down the leagues that also break even/profit. While they may be in the minority it shows that it can be done and sustainability is by no means a rare thing in English football.

As things stand STFC cannot achieve sustainability but that's what this investment is all about. Jeremy Wray mentioned that the share of the spoils is significantly greater in the CH. The club is also looking at creating other revenue streams such as a hotel/office facilities etc.

The people in charge are very clever people and they will have done their homework before even considering putting any money in. They will be vastly more informed than the rest of us and if they feel that they can make STFC self sustainable it's reasonable to think that they may well be right.

Shrewsbury are another one as well.

Yeah - and both of them look like going down.

So unless clubs do over-extend themselves financially - you aint going nowhere.

Which do you choose?

They are still self sustainable though regardless of what division they are in and with their attendances it's hardly a surprise they will struggle to compete in league one. It's all relative.

Fair comment but would you, as a fan, really be arsed to continue to support a club you know were going nowhere and with no ambition to do so.

It's only when clubs, like Swindon, get an unexpected financial shot in the arm, that makes things exciting

Unless it was introduced as a must for all clubs those who stay in the black will not progress as their fans would like. For us it would guarantee losing Di Canio, increased ticket prices and depending on the youth system.
It's just not realistic for clubs with ambition

We don't choose anything. We get what we get. We'd all prefer whatever investment it takes to make us competitive.

Perhaps I should have said prefer rather than choose

But to some extent all clubs are non-sustainable.

The PL clubs are not sustainable without the Sky money, so why should lower league clubs be criticised if they are non-sustainable if not for their owners.

I couldn't give a stuff about the books, I support the team not the accountant.

As long as we don't get an umbungo or face extinction, who gives a toss what it's costing some loaded lad?

I've been following Swindon since the 70s and they have been in that position on more than one occasion....and I guess many on here have as well, so, yes is the answer to your question.