New beginnings - 25% Truth, 80% Bollocks

[lambourn red]

One thing that hasn't been addressed is our cost of sales for 21/22 is less than our current revenue, so what has significantly changed in our outgoings since 21/22 concluded that all of a sudden means we are spending an extra £2mn a season? It's certainly not the playing budget. All commercial arrangements at the club have been completed on Clem's time bar the Puma deal. Clem ripped up the catering contract. This is all so baffling.

I would imagine the whole Jody Morris and his sidekick debacle would have cost the club a lot but not 2m

Sent from my SM-S918B

[Mooneyraker]

Unless there’s an explanation of what specific costs have increased by £2m YoY the whole exercise is pointless

Absolutely this

[Mooneyraker]

I would imagine the whole Jody Morris and his sidekick debacle would have cost the club a lot but not 2m

Sent from my SM-S918B

If the reasons were legitimate like this, why wouldn’t they just say?

The smoke and mirrors leads to one conclusion alone.

[Audrey]

Reading it again, it does say that when the accounts are published at Companies House, fans will get to know the nitty gritty - or granular as the Trust put it - of how the expenses break down. That should include any and all ‘admin’ costs.

[Bob's Orange]

It was clear to see that the club is currently financially unsustainable with the club's expenses exacerbated by many high costs over the course of a year, including but not limited to player, management and staff salaries, players nutrition, away game travel and accommodation, agent fees, medical care, legal fees for numerous ongoing cases, property and pitch maintenance, technology, energy, retail, online ticketing, security and policing, administrative and medical costs. The club are actively working to reduce these costs where possible, but some are unavoidable and part and parcel of running a professional football club.




Translation, they don't want to feed the players or provide away transport/ accommodation..... starting to sound like the Sheridan season !

So basically our income - ticket sales/merchandise sales/sponsorship does not cover these costs that they have listed?

Is there anyway of roughly extrapolating what these annual costs may be broken down. PaulD loves this sort of shit for example take Tranmere or Carlisle's accounts and do a 'compare' no idea if that's even feasible but.

[Bob's Orange]

I did forget to mention something on the topic of season
Tickets, have you seen the Accrington owners tweet from yesterday with their pricing & in brackets the cost per game….no freeloading 8 game comment

Their prices are going up next season broadly, I saw the tweet.

[Audrey]

The problem is that if money is leeching out of the club nefariously you just inflate various costs to cover it up.

You want to extract £100,000 you just tag it on to security costs, for example. That goes to a ‘happy helper’ and then distributed.

People may question why security costs appear high, but a shrug and a ‘that’s the cost’ and you’re home and hosed.

[Oaksey Moonraker]

I found this as another example of a lower league club fully disclosing their accounts and where playing budget is shown vs other costs.

https://www.shrewsburytown.com/news/2023/march/shrewsbury-town-accounts-july-2021---june-2022/

Again turnover around £6M but able to be competitive in League 1 on lower gates without huge losses.

[Bob's Orange]

The problem is that if money is leeching out of the club nefariously you just inflate various costs to cover it up.

You want to extract £100,000 you just tag it on to security costs, for example. That goes to a ‘happy helper’ and then distributed.

People may question why security costs appear high, but a shrug and a ‘that’s the cost’ and you’re home and hosed.

Indeed.

[Audrey]

Which is why it’s so difficult to get rid of the entire shady network - there’s too many of them complicit in it.

Any prospective new owner would do a forensic study of the accounts and uncover it all.

[Bennett]

So basically our income - ticket sales/merchandise sales/sponsorship does not cover these costs that they have listed?

Is there anyway of roughly extrapolating what these annual costs may be broken down. PaulD loves this sort of shit for example take Tranmere or Carlisle's accounts and do a 'compare' no idea if that's even feasible but.

I did think of doing that extrapolated view, but I think the delta between an extrapolated comparison of tranmere VS STFC reality is the only real benefit. it would show where the bodies are buried in terms of expensive contracts.

You'd like to think the Trust would have asked a little more detail than nodding, whistling and going "yeah that's a big number" for all the expenditures

[Audrey]

If the club are umming and aahing about showing the accounts to the Trust, just think how they’d react to a new owner wanting to go over them.

[Cowley38]

Is there anyone who still believe Morfuni is the Messiah??

[Quagmire]

If the club are umming and aahing about showing the accounts to the Trust, just think how they’d react to a new owner wanting to go over them.

I’d imagine the few million on quid that was potentially on offer would help.

[Legends-Lounge]

Is there anyone who still believe Morfuni is the Messiah??

Proving to be a very naughty boy?