New beginnings - 25% Truth, 80% Bollocks

[RobertT]

You have just answered his question, so hopefully now he can get closure.  

How so?  Clem said we are making losses we can't sustain, he has not confirmed he can cover them or intends to, just as much as he hasn't stated we have found a new Revenue Tree or that we have or need to make the cuts in costs.  We literally do not know what happened next, or will happen next.  We approached the Magic Roundabout without knowing the route, the names of the exit roads, or which way to give way to.

[STFC_Manc]

How so?  Clem said we are making losses we can't sustain, he has not confirmed he can cover them or intends to, just as much as he hasn't stated we have found a new Revenue Tree or that we have or need to make the cuts in costs.  We literally do not know what happened next, or will happen next.  We approached the Magic Roundabout without knowing the route, the names of the exit roads, or which way to give way to.

You gave all the options, so he will pick one. He has just sunk £7m, at the moment he isn't likely just to give that up and not get a return.

[Quagmire]

You gave all the options, so he will pick one. He has just sunk £7m, at the moment he isn't likely just to give that up and not get a return.

He hasn’t personally sunk £7m though, has he.

[Bennett]

You gave all the options, so he will pick one. He has just sunk £7m, at the moment he isn't likely just to give that up and not get a return.

He has invested, not sunk, and it may not be all his money

[STFC_Manc]

You guys are a bit touchy about language here

[Bennett]

Language matters
Sunk = has written off
Invested = has put money in expecting a return

Invested doesn't imply anything untoward...it's just important that whilst Clem did save the club, we don't lose sight of the fact that he's not just burning money in the name of STFC

[Audrey]

I still feel our immediate future is linked to the Power/Standing court case.

[RobertT]

I still feel our immediate future is linked to the Power/Standing court case.

I would hope not, it could be years without final resolution when you factor in any appeals.

I think we are more immediately at the mercy of the Ground development - my opinion, based on what we know to be fact and what we can infer from public statements and actual delivery, is that we will look alot like we do right now until that is moving in the right direction.  I think Clem is fully squeezed and we shouldn't expect any "planned" success for a while.  That's not to say someone can't perform tiny miracles - even without any sources of funding, our revenue supports a budget that can at least keep us interested at the worst of times and maybe better than that when good luck befalls us.  Structurally though, the club is simply moving from day to day, ticking over.

If we get the ground development planned properly, there is maybe an exit for Clem.  The hurdle at that point becomes finding someone to buy.

[STFC_Manc]

Language matters
Sunk = has written off
Invested = has put money in expecting a return

Invested doesn't imply anything untoward...it's just important that whilst Clem did save the club, we don't lose sight of the fact that he's not just burning money in the name of STFC

That is actually wrong, a sunk cost in business terms means what you have invested to date. You can stop investing any more but you don't have to.

[STFC_Manc]

I still feel our immediate future is linked to the Power/Standing court case.

I wish these ITK people, would just tell us what they know.

[RobertT]

Sunk Cost = money that has been spent and cannot be recovered.

Clem and others have loaned the business money, meaning it is fully recoverable, and it is expected to be recovered because it is treated as a Liability in the Accounts.

It's not even an investment, in it's truest form, because it was simply used to satisfy other Liabilities, not used to develop assets/capital.

[Legends-Lounge]

FFS. This. Is. Getting. Tedious. There is NO money to throw at back room staff. Training staff. Playing staff. Limited money for ground improvements.

Move on. This thread could go on for a decade as it is now without a resolution. Three points tomorrow please and a parking space will do.  

[RobertT]

FFS. This. Is. Getting. Tedious. There is NO money to throw at back room staff. Training staff. Playing staff. Limited money for ground improvements.

Move on. This thread could go on for a decade as it is now without a resolution. Three points tomorrow please and a parking space will do. 

Is the point of a forum not to foster debate?  Don't read it if it annoys you, just like other likely ignore your ramblings about DNA and travels.

[STFC_Manc]

Is the point of a forum not to foster debate?  Don't read it if it annoys you, just like other likely ignore your ramblings about DNA and travels.

I think his point is that it's not a debate, it's 5-6 people moaning constantly

[Audrey]

I wish these ITK people, would just tell us what they know.

Nobody knows