New beginnings - 25% Truth, 80% Bollocks

[Ticker45]

Well another statement that fritters around the edges but does not go into any real details as to who is owed what and how much and where it really leaves the club. This I can understand that names/companies will not be bandied around but it still has that awful taint of financial shenanigans being involved once again.

[tans]

I particularly liked the part where he said he will be personally overviewing Januarys transfer window

Now, im not sure about anyone else, but i would actually like someone who has a fucking clue what they are doing be in charge of this part!

[DV]

I know it has been done to death but we've halved the rent on the ground, as I understand it, have sold plenty of players for money in the last 18 months, have 9,000 paying fans most weeks and are still allegedly haemorrhaging money despite having the smallest playing squad in living memory...

None of it adds up to anything other than BS. If it isn't sustainable now it never will be. What magic revenue streams are there left? Oh yeah, the concert. Honestly.

It’s nothing new or out of the ordinary.

Football clubs operate at losses and don’t make money.
Either you have some super rich dude plug the gaps or you’re basically living on the poverty line.
We are the latter - whether that’s Clem or another. It will always be that way unless we find someone with very deep pockets

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

I know it has been done to death but we've halved the rent on the ground, as I understand it, have sold plenty of players for money in the last 18 months, have 9,000 paying fans most weeks and are still allegedly haemorrhaging money despite having the smallest playing squad in living memory...

None of it adds up to anything other than BS. If it isn't sustainable now it never will be. What magic revenue streams are there left? Oh yeah, the concert. Honestly.

  

[Jimmy Quinn]

If the recruitment has been exceptional and you’re happy to extend the managers contract what the fuck is going wrong🤔

[Mooneyraker]

It’s nothing new or out of the ordinary.

Football clubs operate at losses and don’t make money.
Either you have some super rich dude plug the gaps or you’re basically living on the poverty line.
We are the latter - whether that’s Clem or another. It will always be that way unless we find someone with very deep pockets

Yes, a small loss I can understand. That is not what is allegedly happening.

[Audrey]

Do we even know if Clem is paying himself back out of income or is he waiting for a sale to get his money back?

[Processed Beats]

More bullshit to appease the happy clappers. Fuck off Clem.

[Bob's Orange]

Given this:

There have been reports and speculation concerning player payments and HMRC issues which I can confirm have been paid and also paid on time. In the past fortnight, I have injected £250,000 to stabilise the club and I will continue to stabilise the club as and when needed. We still encounter many difficulties due to the years of mismanagement from the prior ownership and these challenges are still painstakingly being worked through and paid for me.

The current club revenue is not sufficient to cover the costs to run the club, with existing deals in place that have been active for years that don’t make us any money and benefit others tremendously.  Anthony Hall our CEO has talked me through this at length and our plan is to focus on new revenue streams for the club, we also need to renegotiate all of our less favourable commercial deals and enhance our offerings to generate additional revenue.

How is he anticipating strengthening the squad in January?

[DV]

Yes, a small loss I can understand. That is not what is allegedly happening.

Why can’t you understand a big loss?

I’m not going to pretend to know our finances but it’s not exactly a shock to find out we are losing a lot money. It’s been happening year after year for years

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

Hearing we owe Puma money too, hence half priced shirts and no third strip.

Don't know if that's one that has been posted.

[DV]

I heared Charlie Austin has been told not to score so we don’t have to pay his goal bonus.
As he hadn’t been paid for October he decided to smash 2 in yesterday to feed his family.

[Stef Troll]

Do we even know if Clem is paying himself back out of income or is he waiting for a sale to get his money back?

The club is operating at a loss so it’s unlikely this is the case. The only way he could repay himself would be by not paying other creditors who the club owes money to (ie HMRC, players wages etc).

Ultimately the club is trying to be more self sustainable and budgets have been applied accordingly.

My worrying observation on the statement above is that league 1 teams on average lose more money then league 2 teams. It’s a bit of an odd comment to make and maybe Clem doesn’t think promotion is financially worth it.

[Audrey]

If, and when, the open and transparent accounts are made public we can see where the money is going.

[Mooneyraker]

Why can’t you understand a big loss?

I’m not going to pretend to know our finances but it’s not exactly a shock to find out we are losing a lot money. It’s been happening year after year for years

We've just halved the rent, ticket prices are sky high, highest ave attendance in years, shirts selling out etc etc combined with minimal investment in the squad.

Correct me if I'm wrong, we made a small loss in Clem's first year didn't we? Now he is having to pump in £250k to 'stabilise'. It doesn't add up.