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Author Topic: Questions for the Advisory Board  (Read 168102 times)
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« Reply #705 on: Wednesday, April 19, 2023, 10:57:34 »

Regarding Zav

Well, that's clearish. Believe it or don't.

Actually I'm still none the wiser to who does what in Clem's absence.
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« Reply #706 on: Wednesday, April 19, 2023, 10:58:09 »

Only 1100 season tickets sold so far must be a real concern.

Not exactly flying off the shelves.

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"To add to this, we have been experiencing slow sales of season tickets, which is a concern as it will ultimately impact the financial stability of the club"

Well, what are you going to do to address the issues (not read it all yet!).
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« Reply #707 on: Wednesday, April 19, 2023, 10:58:19 »

Having read most of the pack, I think this is a big step forward in terms of presentation and clarity. It does certainly make clear a few areas where the full truth does not appear to have been told previously e.g. on Zav, but better late than never.

If Zav was never applied to be vice chairman, they spent a long time advertising him as such considering...

And the Kiely question was pretty firmly dodged.
« Last Edit: Wednesday, April 19, 2023, 11:01:09 by Nemo » Logged
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« Reply #708 on: Wednesday, April 19, 2023, 10:58:28 »

Bit of an own goal and backtrack there, they said he had been submitted for it…

Yes, completely, and he’s been down as vice chairman up till about 6 weeks ago, so something doesn’t add up there. That’s 18+ months he was listed.
« Last Edit: Wednesday, April 19, 2023, 11:02:07 by Quagmire » Logged
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« Reply #709 on: Wednesday, April 19, 2023, 11:00:57 »

Having read most of the pack, I think this is a big step forward in terms of presentation and clarity. It does certainly make clear a few areas where the full truth does not appear to have been told previously e.g. on Zav, but better late than never.

I agree, it's definitely a huge improvement.
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« Reply #710 on: Wednesday, April 19, 2023, 11:01:26 »

We’re the club always committing to putting half the annual rent cost into the JV for the ground?? I had thought it was the full amount
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« Reply #711 on: Wednesday, April 19, 2023, 11:09:39 »

Having read most of the pack, I think this is a big step forward in terms of presentation and clarity. It does certainly make clear a few areas where the full truth does not appear to have been told previously e.g. on Zav, but better late than never.

If Zav was never applied to be vice chairman, they spent a long time advertising him as such considering...

And the Kiely question was pretty firmly dodged.

Pretty much this, its closed some doors but in doing so opened plenty more for the perpetually outraged.
« Last Edit: Wednesday, April 19, 2023, 11:11:45 by horlock07 » Logged
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« Reply #712 on: Wednesday, April 19, 2023, 11:11:18 »

That Kiely “answer” might as well have not been in there.
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« Reply #713 on: Wednesday, April 19, 2023, 11:12:22 »

It's a good format change. I like the plan set out and explanations of what we are doing.

Things I've noted, these are honest (which is good) but also concerning:

- Slow season ticket sales
"C1.1k season ticket sales to date"
"Further activities required to promote season ticket sales"

- Planned breakeven (fully by 2025)
"Maintain current season ticket levels and work to deliver c£500k in efficiencies so that we can become sustainable " - this is now - April 2023
"To give you an indication, income this season has been around £6m but outgoings have been closer to £6.75m"


The slide deck is a massive improvement over previous format. It is providing a lot of the information I hoped to see.

The club do need some actions for next season (ST sales) to go with the words. The worry is fans won't invest until they see proof of change, and the club can't invest until the ST money is in. Deadlock.


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« Reply #714 on: Wednesday, April 19, 2023, 11:13:25 »

We’re the club always committing to putting half the annual rent cost into the JV for the ground?? I had thought it was the full amount

Half to ground improvements, half discounted. I think that's been the case for a fair while.
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Bogus Dave
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« Reply #715 on: Wednesday, April 19, 2023, 11:14:05 »

Fair do’s
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« Reply #716 on: Wednesday, April 19, 2023, 11:17:38 »

Interesting on Zav. No choice other than to take it at face value really although plenty of historical statements now don't add up. Where does it leave Karachi if he just 'attends on matchdays as a guest'?

Season tickets are the most concerning element by far in the short/medium term.

They need to extent the early bird window and relaunch the whole campaign. Total shitshow.
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« Reply #717 on: Wednesday, April 19, 2023, 11:19:37 »

Half to ground improvements, half discounted. I think that's been the case for a fair while.

I assume as well, in very general terms if the rent was £200k and they own 50% of the ground via the JV anyway they would essentially be paying themselves the other £100k?
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« Reply #718 on: Wednesday, April 19, 2023, 11:19:54 »

Season tickets are the most concerning element by far in the short/medium term.

+ 500k cutbacks
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« Reply #719 on: Wednesday, April 19, 2023, 11:20:28 »

I assume as well, in very general terms if the rent was £200k and they own 50% of the ground via the JV anyway they would essentially be paying themselves the other £100k?

In other words they pay £100k instead of £200k. Same difference.

I guess that the £100K is ring fenced for ground improvements is significant. But I would imagine the club was forking that out anyway - so good its funded from "rent" rather than additional cost.
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