4D
That was definately my last game, honest
 Offline
Posts: 23504
I can't bear it 🙄
|
 |
« Reply #17205 on: Tuesday, April 1, 2025, 15:21:21 » |
|
|
|
|
|
|
Logged
|
|
|
|
Nemo
Shit Bacon
 Online
Posts: 23565
|
|
« Reply #17206 on: Tuesday, April 1, 2025, 15:53:28 » |
|
The URL rather spoiling things there.
|
|
|
|
|
Logged
|
|
|
|
Matchworn Shirts
For Sale
Offline
Posts: 7419
|
|
« Reply #17207 on: Tuesday, April 1, 2025, 16:00:19 » |
|
The URL rather spoiling things there.
Damn admin errors are spreading |
|
|
|
|
Logged
|
|
|
|
|
Bob1978
|
|
« Reply #17208 on: Tuesday, April 1, 2025, 17:15:24 » |
|
Swindon Town Fuck U? I would have believed it if the idea had come from our chief exec |
|
|
|
|
Logged
|
|
|
|
Bob's Orange
Has brain escape barriers
Offline
Posts: 29784
|
|
« Reply #17209 on: Wednesday, April 2, 2025, 05:37:54 » |
|
I see the FairGame report will be out in May. Probably summarised by 'the club are doing their best' ive noticed quite a few other L2 clubs have released their accounts and our loss actually looks 'palatable' in comparison. Think Vale lost over 5 million and Fleetwood last night announced a 9.3 million loss!!
|
|
|
|
|
Logged
|
we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
|
|
|
Matchworn Shirts
For Sale
Offline
Posts: 7419
|
|
« Reply #17210 on: Wednesday, April 2, 2025, 06:00:47 » |
|
Swindon Town Fuck U? I would have believed it if the idea had come from our chief exec
Changing the club nickname to 'The Freeloaders' would also be more believable |
|
|
|
|
Logged
|
|
|
|
Ginginho
Offline
Posts: 6969
|
|
« Reply #17211 on: Wednesday, April 2, 2025, 06:43:33 » |
|
Salford City lost £5.3M in 23/24 taking total losses for their new owners to over £28M since they took over.
Doncaster Rovers lost over £3M in the same period taking their total losses to £38.5M!
Fleetwood Town lost £9.3M in 23/24, taking total losses to over £40M!
Ridiculous for Div 4 teams.
This info is from Keiran Maguire's Twitter.
|
|
|
|
« Last Edit: Wednesday, April 2, 2025, 06:56:07 by Ginginho »
|
Logged
|
|
|
|
DV
Has also heard this
Offline
Posts: 33875
Joseph McLaughlin
|
|
« Reply #17212 on: Wednesday, April 2, 2025, 06:59:40 » |
|
Salford City lost £5.3M in 23/24 taking total losses for their new owners to over £28M since they took over.
Doncaster Rovers lost over £3M in the same period taking their total losses to £38.5M!
Fleetwood Town lost £9.3M in 23/24, taking total losses to over £40M!
Ridiculous for Div 4 teams.
This info is from Keiran Maguire's Twitter.
How can clubs even go on operating like that? I assume - like us, the debt is all ‘director loans’ but even then all these football clubs can’t have rich owners with bottomless pits of cash who are just happy to spend millions & millions each year just to keep a 4th division football club going… …and even if they actually did why would the bastards do it anyway? Madness It was also be curious to see how much their ‘admin expenses’ are. |
|
|
|
|
Logged
|
|
|
|
horlock07
Offline
Posts: 19144
Lives in Northern Bastard Outpost
|
|
« Reply #17213 on: Wednesday, April 2, 2025, 08:28:01 » |
|
How can clubs even go on operating like that?
I assume - like us, the debt is all ‘director loans’ but even then all these football clubs can’t have rich owners with bottomless pits of cash who are just happy to spend millions & millions each year just to keep a 4th division football club going…
…and even if they actually did why would the bastards do it anyway? Madness
Sadly I suspect at some stage the whole league pyramid is going to go bang in a massive way with clubs going bust left right and centre, just looking at the examples listed above the Class of 92 seem to have pretty much lost interest in Salford so they are treading water at best, Donny are owned by the guy who made millions selling Keepmoat so he may be prepared to carry on funding big losses, but he is also 82 and who knows what his kids may want to do, and Fleetwood had the change of ownership from father to son after Father got sent down for a prolonged period for fraud, so hardly stable albeit I'm not an accountant so the club making massive losses may have ben a useful part of that.... |
|
|
|
« Last Edit: Wednesday, April 2, 2025, 08:30:43 by horlock07 »
|
Logged
|
|
|
|
4D
That was definately my last game, honest
Offline
Posts: 23504
I can't bear it 🙄
|
|
« Reply #17214 on: Wednesday, April 2, 2025, 09:12:35 » |
|
How are clubs in this league making such big losses? When playing budgets average £2.5m, and let's face it that will be the biggest expense, how do admin expenses exceed this?  |
|
|
|
|
Logged
|
|
|
|
Audrey
Offline
Posts: 20268
?Absolute Calamity!?
|
|
« Reply #17215 on: Wednesday, April 2, 2025, 09:14:08 » |
|
Depends on what other ‘activities’ clubs are up to that offsets such losses.
|
|
|
|
|
Logged
|
|
|
|
No Longer Posh Red
Not Posh any more!
Offline
Posts: 8126
|
|
« Reply #17216 on: Wednesday, April 2, 2025, 09:49:33 » |
|
How are clubs in this league making such big losses? When playing budgets average £2.5m, and let's face it that will be the biggest expense, how do admin expenses exceed this? If it was just us you would probably just nod, wink & say “admin expenses”. But the fact that it applies to pretty much everyone else too suggests that is just the cost of running a football club. I guess the £2.5m is first team playing budget, so you need to add coaching, admin/office staff, ticket office costs, energy & water (I’m assuming floodlights aren’t cheap to run), policing & stewarding. As I say if it was just us you would be sceptical, but it clearly isn’t. I still think they are making their money in other ways, probably ones that don’t go through the books in a normal way |
|
|
|
|
Logged
|
STFC 4 Arsenal 3, the best birthday present ever
|
|
|
Peter Venkman
Past glories motivate us when times are bleak.
Offline
Posts: 64632
Perfection is not attainable
|
|
« Reply #17217 on: Wednesday, April 2, 2025, 09:58:59 » |
|
Not just in L2 as well, my local team Yeovil announced operating losses of nearly £2.9m for last season, a season when they won the Conf South with record crowds....also paying record wages.
|
|
|
|
|
Logged
|
From the station at Colchester
To the cells of Warrington
From the services at Leicester
To the slums of Northampton
We travel over England
And one day Europe too
Cos we all follow the Swindon
We're the famous Town End crew.
|
|
|
Peter Venkman
Past glories motivate us when times are bleak.
Offline
Posts: 64632
Perfection is not attainable
|
|
« Reply #17218 on: Wednesday, April 2, 2025, 10:01:00 » |
|
I guess the £2.5m is first team playing budget, so you need to add coaching, admin/office staff, ticket office costs, energy & water (I’m assuming floodlights aren’t cheap to run), policing & stewarding.
As I say if it was just us you would be sceptical, but it clearly isn’t.
I have been told our £2.5m budget includes coaching/fitness staff in the same budget. Our actual player budget will be a fair bit under that £2.5m figure quoted. |
|
|
|
|
Logged
|
From the station at Colchester
To the cells of Warrington
From the services at Leicester
To the slums of Northampton
We travel over England
And one day Europe too
Cos we all follow the Swindon
We're the famous Town End crew.
|
|
|
|
|
|
