New beginnings - 25% Truth, 80% Bollocks

[RobertT]

While I understand the people who would go down the not spending any more money route. might I suggest an alternative, in that you place your usual spend away somewhere, so that it can be used as a carrot?  If it gets bad enough, the Trust can even offer to hold money in the existing RAF as an incentive to any potential investor, and said money be used to buy into any deal, should they want the money.

I wonder if one of the issues preventing a quick sale by Clem (he clearly does not have the capital to sustain a league club, so I presume the idea was a quick flip and everyone gets their cut, but they needed Power out of the way?) is the potential for unknown fines hanging over the business - three lots now - Standing being a person with a controlling interest, Clem not telling the EFL when a new shareholder came onboard and the Chelsea loan "laundering".  That is a lot of liabilities that are tough to determine when doing due diligence.

[Audrey]

Present average is 8,849. Last seasons average was 9,064. So not a huge change - yet.

[Arch Stanton]

Even if the club is sold, I have no confidence that the next lot will be any better. It’ll just be another bunch of shady individuals with pasts to hide and quick bucks to be made.

We need someone with some serious dosh to come in and dish out a few mil here & there to all the squabbling kids that are still scuttling around our boardroom, following it up with a firm, yet mildly threatening “now fuck off”

It isn’t going to happen, we’ll end up with someone much worse. Therefore I for one can’t wait for the reanimated corpse of Pol Pot to be paraded on the pitch, scarf aloft, talking about putting a bar in the Town End and Fan Zones in the car park. At least he might change our home kit to all black.

[TailBetweenLegs]

Even if the club is sold, I have no confidence that the next lot will be any better. It’ll just be another bunch of shady individuals with pasts to hide and quick bucks to be made.

We need someone with some serious dosh to come in and dish out a few mil here & there to all the squabbling kids that are still scuttling around our boardroom, following it up with a firm, yet mildly threatening “now fuck off”

It isn’t going to happen, we’ll end up with someone much worse. Therefore I for one can’t wait for the reanimated corpse of Pol Pot to be paraded on the pitch, scarf aloft, talking about putting a bar in the Town End and Fan Zones in the car park. At least he might change our home kit to all black.

This is my worry to be honest. I have said all along i think the initial intentions were the correct ones but people who have been linked for along time are the ones who have the ultimate say at the club

I think that will be the same if sold to a small business owner again

[ThreeDrawsMentality]

This is my worry to be honest. I have said all along i think the initial intentions were the correct ones but people who have been linked for along time are the ones who have the ultimate say at the club

I think that will be the same if sold to a small business owner again

Really valid fear, but think this time the fear should be alleviated a bit because of the money required to purchase the club should leave only serious people interested. I'd like to think at least.

[theakston2k]

This is my worry to be honest. I have said all along i think the initial intentions were the correct ones but people who have been linked for along time are the ones who have the ultimate say at the club

I think that will be the same if sold to a small business owner again

Think that’s everyone’s concern. With all the ‘allegedly’ shady going on’s at the club you wonder whether it would actually be possible to even buy the club currently as too many people may have things to hide and veto any sale unless it’s to a party that suits them.

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

We're stuck in an endless circle of the dregs of society in terms of absolute chancers. The problem is, they end up selling to people they know and they're all cut from the same cloth. Absolute wannabes.

[kirky69]

What an absolute shit show and PR disaster that interview was. Clearly unsuited and unqualified to perform the role of a CEO. Displayed a complete lack of charisma or understanding of what fans need. On the whole, we are pretty easily persuaded that things are going OK, as we have a complete emotional attachment to supporting our club. We want the club to do well and succeed, but most of all we want to feel that our support - both from a monetary and on an emotional level - is valued. Last night Mr Hall drove a wagon and horses through that, firstly taking on the Trust and then degrading season ticket holders. Now as a long term season ticket holder and supporter of 50 years, I have never felt so insulted. Apparently even though as a family we cough up for 3 adult season tickets and regularly travel away, plus buying merchandise, we are denying the club much needed funds by getting too many free games as part of our paying up front and committing funds in advance of the season starting.

In addition he claims to not knowing the playing budget, yet his main time in the role has been studying budgets. Also says our losses are on a par with all other league 2 clubs and Wrexham spend 3x what we do. So knows something about budgets then. Which brings me to the question of how are we losing £1.3m a year. If as he states FFP is limited to 45% of turnover ( I thought it was 60%) then on £6.9m t/o  this still leaves £5.1m of costs, which seems very high and could do with some explaining (even at a high level eg other staff costs, utilities, premises etc it would have some use) so we can do some comparing and contrasting with other clubs at our level. To continue to trot out the party line about unprofitable commercial deals is unacceptable, unless again it comes with some detail. It is the absence of such information which causes mistrust and suspicion.

Finally why has it taken so long to produce management accounts. Clem Morfuni s in his 3rd season of ownership, so there is absolutely no excuse for this.
 
Messrs Morfuni and Hall need to start communicating with integrity, emotional intelligence and respect for the fan base otherwise they will see us dwindle at an alarming rate
.
Ps - I would ordinarily say I am a happy clapper!

[Robinz]

Interesting last comment about needing to pay more for purchasing the club.
This barrier of entry is probably correct especially in light of Black's selling the club for a reported quid and allowed all the fuck wits into owning it.

[STFC_Manc]

@ STFC_Manc how do you feel the interview went? All good?

Why are you calling me out?

[RobertT]

Just listened to another 10 minutes, so 37 in now.  It's fucking hard work, it gets worse.  He either has no idea what he is doing, and is flailing around with angry intent, or is trying to bullshit on the spot, with  angry intent.  Hasn't got around to the playing budget - I mean, it's the single biggest line item in the cost section of the finances, but yeah, I believe you.  Quoting random %'s for FFP rules.  Seriously - we are fucked regardless of whether it's incompetence or intent.

[STFC_Manc]

I don't want to speak for Rob but I'd guess it'll be along the lines of:
STFC 16 pages - no breakdowns
TRFC - 40 pages - inc. breakdowns

The two sets of accounts really diverge in pages 28 to 40 where the breakdowns are set out

STFC's latest is here
https://find-and-update.company-information.service.gov.uk/company/00053100/filing-history/MzM3MTAyMTE0M2FkaXF6a2N4/document?format=pdf&download=0

It has lots of information but nothing useful?

[Crozzer]

 
Messrs Morfuni and Hall need to start communicating with integrity, emotional intelligence and respect for the fan base otherwise they will see us dwindle at an alarming rate

Precisely, but a change in outlook might be too late.

[RobertT]

It has lots of information but nothing useful?

I believe it has a breakdown of categories of revenue and separates the costs, so shows the total player and management staff budget for example.  If you seriously think our accounts match up to that, then there isn't much debate to be had.  The question was whether or not other clubs can and do produce more information than we do, it's clear they do.  It's clear it isn't every club - but we don't express to be as bad as everyone, we claim to want to be better.  That's Clem's aim, not mine.  It's evident we do not deliver against his stated aim.

[STFC_Manc]

I believe it has a breakdown of categories of revenue and separates the costs, so shows the total player and management staff budget for example.  If you seriously think our accounts match up to that, then there isn't much debate to be had.  The question was whether or not other clubs can and do produce more information than we do, it's clear they do.  It's clear it isn't every club - but we don't express to be as bad as everyone, we claim to want to be better.  That's Clem's aim, not mine.  It's evident we do not deliver against his stated aim.

Have you actually looked at them? From my view they are very similar, Carlisle and Exeter are better but many are worse

I'm just challenging your 'facts'