New beginnings - 25% Truth, 80% Bollocks

[Mooneyraker]

Seven years since one the biggest appointments the club has made...



WHEN WILL THIS SHIT END?!

[ThreeDrawsMentality]

Not paying players on time I think comes with a suspended points deduction so two months without it being on time

The non-disclosure of persons of significant control and share transfers is also possibly punishable by ponts deduction. If so, again I'd imagine it will be suspended.

[horlock07]

Heard a rumour that the Council told the club that the roof in the Arkells stand needed emergency work this summer, £250k. Anybody else heard that and whether that affected the ability to afford players?

wasn't it common knowledge that the safety certificate threw up some requirements to spend cash on the ground or did I imagine that, can't see under any other proviso the Council would have the resource or inclination to inspect and then say 'x' needs doing?

[Audrey]

I’ve sorted my protest.

I’m buying satsumas thus Xmas not clementines

[Bob's Orange]

Not paying players on time I think comes with a suspended points deduction so two months without it being on time

We already have a suspended points deduction pending don't we?

[theakston2k]

Will be interesting to see if the Bank is open for Wrexham on Boxing Day, wouldn’t be surprised if that’s been secretly condemned and it’s just not publicised. Seemed odd Aldershot weren’t offered it on Saturday after selling their Arkell’s allocation as they are entitled to 15% of the ground.

[Audrey]

Don’t the away club have to ask for more tickets?

[Wobbly Bob]

We already have a suspended points deduction pending don't we?

https://www.efl.com/news/2021/september/efl-statement-swindon-town/

• A suspended three points deduction to be immediately activated in the event that the Club breaches Regulation 63.7 on or before 30 June 2022.

Now lapsed by the look of it.

[DV]

I can't believe people are convincing themselves that Sutton have a bigger wage bill than us because they are paying London weighted wages!

The point is that with our revenue vs their revenue we should be outspending them, end of story.

No one is ‘convincing themselves’ people are just pondering the hypothetical possibility that location may effect wages.

What’s our revenue like compared with Suttons?

[Batch]

That whole list of expenditure is made up from guesswork though. So what's the point in specifics.

Wet finger in the air is as good a gauge - and it doesn't seem ridiculous we are down the list.

[Bob's Orange]

https://www.efl.com/news/2021/september/efl-statement-swindon-town/

• A suspended three points deduction to be immediately activated in the event that the Club breaches Regulation 63.7 on or before 30 June 2022.

Now lapsed by the look of it.

Yeah it seems the issue was on June 2021 and lapsed in June 2022.

"The EFL received an allegation that the Club failed to pay its Players in respect of the month of
June 2021 and as such failed to strictly adhere to the terms of each Player’s contract"

"a suspended 3-point deduction to be immediately activated in the event that the Club
breaches Regulation 63.7 on or before 30 June 2022;"

If true and the October wages were paid on 31st October (albeit late) I assume we're all good rules wise? (for now)

[Audrey]

If we humour this and say that it is true, (at this stage it's difficult to tell the difference between fact and fiction) then surely it's very concerning that Clem is putting in 250k in November to aid cash flow. The biggest outgoing is the player wages I assume? So if our income is circa 6-7m (can't remember the exact figure) then deducting the players wage outgoing of 2m leaves 4-5m. Clearly there are other costs to deduct, but would these accumulated costs be more than 4-5m per year?

I’d assume you could get a fair idea from the last set of published accounts. £5m is a hefty amount to spend once wages are already taken care of.

Just looked turnover £6.4m and whatever admin costs are £2.3m which needs to be broken down.

This is what is on the gov.uk site

‘ HMASAC2300 - Accounts: What are the types of Administrative Expenses as presented in the accounts?

This will include all expenses incurred by the business, not included in the trading account, examples given below:

Directors remuneration, i.e. wage/salary
Staff wages
Rent/rates
Utilities
Audit fees/tax advice
Miscellaneous expenses

So, wages could be part of that

[Frigby Daser]

I’ll cling onto hope that the reason that every possible cost has been stripped out of the club is to make it a more attractive acquisition for a credible buyer.

Sadly not paying debts (if true) doesn’t quite stack up with that hope though.

If Morfuni and co won’t fund the club, then what on earth is their objective? What’s in it for them unless they’re readying for an exit? You either fund and stay, or realise you can’t fund it and exit.

[DV]

I’ll cling onto hope that the reason that every possible cost has been stripped out of the club is to make it a more attractive acquisition for a credible buyer.

Sadly not paying debts (if true) doesn’t quite stack up with that hope though.

If Morfuni and co won’t fund the club, then what on earth is their objective? What’s in it for them unless they’re readying for an exit? You either fund and stay, or realise you can’t fund it and exit.

…you can only exit if you’ve got someone who wants to buy…

[4D]

Points deduction is the Kraken beneath the surface here. Couple that with the owner(s) pulling the plug and we can all start planning our away day to Wealdstone.

You want some?