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Post by lemmy on May 23, 2018 14:21:04 GMT
Am I right in understanding that Koukash will write off the debt, but only if we break even this year and next?
Given the costs of:
- Players - Coaching and other staff - Stadium rent? - Other operational costs
And considering we only get:
- (poor) gate receipts - Sky money - Merchandise - Sponsorship etc.
How likely are we to actually break even? I fear we might only achieve this with further cuts to the playing squad, which in turn brings a potential downwards spiral into the Championship.
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Post by bandgeekmafia78 on May 23, 2018 14:40:59 GMT
Am I right in understanding that Koukash will write off the debt, but only if we break even this year and next?
Given the costs of:
- Players - Coaching and other staff - Stadium rent? - Other operational costs
And considering we only get:
- (poor) gate receipts - Sky money - Merchandise - Sponsorship etc.
How likely are we to actually break even? I fear we might only achieve this with further cuts to the playing squad, which in turn brings a potential downwards spiral into the Championship.
There is a big push being made on fundraising for the club... not just collection buckets; bigger projects than that. |
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Post by Deleted on May 23, 2018 15:54:40 GMT
Some good comments on this thread. Too many too quote each one but this is how I see it.
Marwan decided the only way to make Salford viable was to change the name to MCR so any talk of him coming back into the fold as owner/saviour seem highly unlikely, although at the moment we are sadly proving him right.
Regardless of the debate around the debt and how much is actually owed to the previous owner, it will make our balance sheet a whole lot healthier and surely make Salford are more attractive proposition for any future investment/donations so this can only be a good thing.
For it to really work though,it will all come down to how much people value being able to own a decent stake in the club. How much would the fanbase be willing to donate in return for a share in the club?
We would also need to see some sort of proper business plan for people to properly buy into it. All projected income vs all projected outgoings. How much is the black hole that we effectively need to raise for a chance to break even? If it's a realistic figure then hopefully we can give it a good go.
Maybe we will need a benefactor in the long run but this is about getting us into a position as a club where we are seen as being in a reasonable position for this to happen. Let's hope that people get involved. It really could be our last chance.
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Post by earlybath on May 23, 2018 17:35:13 GMT
Basically if you come into RL then you know that any input will never be repaid.
MK knows that only too well.
Thank you MK for writing off the debt but no doubt the strings behind the announcement will be too onerous to overcome.
We need BIG investment inwards NOW rather than announcements which sadly are irrelevant.
Last time I looked at the Balance Sheet the debt was £8 million plus. If that is MK`s then it will open the door to a new barmy Investor but the strings applied means that it won`t be for some time.
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Post by Deleted on May 23, 2018 20:31:02 GMT
How about this for starters. 500 half season ticket sales at £120 = £60k. Doubled by the previous owner = £120k. Not a bad amount to start off with.
In reality we'll probably sell about 12 but at least we'll still be able to moan about not buying anyone!
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Post by steveh on May 24, 2018 8:02:28 GMT
he's only matching the profits of the half season ticket sales, not the full price... not sure how much of the £120 the club classes as profit
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Post by Deleted on May 24, 2018 10:17:43 GMT
he's only matching the profits of the half season ticket sales, not the full price... not sure how much of the £120 the club classes as profit The club statement on Salfords website says he is matching all proceeds from the half season ticket sales. |
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Post by steveh on May 24, 2018 11:44:52 GMT
he's only matching the profits of the half season ticket sales, not the full price... not sure how much of the £120 the club classes as profit The club statement on Salfords website says he is matching all proceeds from the half season ticket sales. Depends on your definition of proceeds, it can refer to the gross amount or the net amount after expenses and taxes are deducted...
"Cash realized from a sale or received as a loan, after all commissions, expenses, fees, and taxes are deducted." (www.businessdictionary.com/definition/proceeds.html)
"Money obtained from an event or activity." (en.oxforddictionaries.com/definition/proceeds)
Do you pay VAT on season tickets? Can you count them as a luxury item? ;-)
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Post by earlybath on May 24, 2018 16:05:12 GMT
Another Hollow Gesture from MK & after 4 years of support my view on him is turning as he seems only interested in the self glorification of himself.
Basically he`s dropped us in it yet if he changes course and makes a substantial investment THIS season then my view on him will revert back to my previous stance.
I somehow doubt it though.
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Post by dixon13 on May 24, 2018 17:01:27 GMT
The good Doctor in an article in the MEN.Tells us what he is doing until the end of the season.He is meeting this and adding to that.He thought the fans would come back that he supposedly alienated but they have not.He then says he understands what the board are trying to achieve but I am sure he says they should have been a bit more open what ever that means.We were told the the Obrien money was for recruits but it seems it wasn't.But off course he says he is still a fan.
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Post by Deleted on May 24, 2018 18:00:49 GMT
Another Hollow Gesture from MK & after 4 years of support my view on him is turning as he seems only interested in the self glorification of himself. Basically he`s dropped us in it yet if he changes course and makes a substantial investment THIS season then my view on him will revert back to my previous stance. I somehow doubt it though. I'm not his biggest fan myself but why should he make a substantial investment when the fans can't be bothered to turn up? The most home fans we've had at a game this year is 3500 and we're likely to be under 2k tomorrow night. We don't deserve a benefactor. We hammered Wakefield in a game that was described as being our best performance in 3 years, and less than a week later under 3k turned up with around 50% of this figure from St Helens. There's a chance for us to make him put his hand in his pocket by buying a few of the half season tickets, but as that involves the fans actually doing something apart from moan on social media it's unlikely to bring in any major funds. The club has effectively issued a rallying cry to the fanbase and most people seem more concerned about taking pot shots at the previous owner. |
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Post by Deleted on May 24, 2018 18:21:15 GMT
I'm trying to get clarification that should the top 8 berth be secured there will be no fire sale of talent.
If there is then I'm sorry but my patronage is over and should there be a Salford team in the top division next season I will attend games sparingly and think of my profit line rather than club loyalty.
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Post by Deleted on May 24, 2018 18:28:11 GMT
I'm trying to get clarification that should the top 8 berth be secured there will be no fire sale of talent. If there is then I'm sorry but my patronage is over and should there be a Salford team in the top division next season I will attend games sparingly and think of my profit line rather than club loyalty. Last year the transfer deadline was 21st July and the play offs started on the 4th August. If there's a similar scenario this season then any fire sale after making the play offs would be impossible. Just because it was mentioned on a podcast doesn't mean it is true. |
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Post by kilop on May 24, 2018 18:40:23 GMT
Great that we’re fan owned but at the moment it doesn’t look sustainable. With the fan ownership is there a possibility we could be sold to a benefactor again? Just curious as I’m not confident the current model will work due to small fan base? We probably aren’t looking for a buyer but could we? Surely the directors are worried and see this? I’m not normally negative but I am worried about my club and with the removal of debt does this make us potentially more attractive?
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Post by dixon13 on May 24, 2018 18:58:06 GMT
I'm trying to get clarification that should the top 8 berth be secured there will be no fire sale of talent. If there is then I'm sorry but my patronage is over and should there be a Salford team in the top division next season I will attend games sparingly and think of my profit line rather than club loyalty. Last year the transfer deadline was 21st July and the play offs started on the 4th August. If there's a similar scenario this season then any fire sale after making the play offs would be impossible. Just because it was mentioned on a podcast doesn't mean it is true. Just a point.When he took over from Wilky I think we had about 4000.When we lost the points,because of him.We lost support.When he said he was going we lost some more.I would say now we are at 2500 hard core.I am not making excuses for people but I was talking to some friends who got fed up at United they told me you stay away and after a bit you don't miss it.Everyone wants to watch a winning team yes we should have more,Salford City have averaged about 1600 they are doing well if they get into the League are people in Salford who go to watch them and City going to divert to their home town team,I doubt it.When Koucash come in he should have started slowly done what the new board are trying to do get the academy going instead of the over the hill super stars and of course Rangi Chase,he would have done better and saved money.It was never going to happen he wanted to be top of the League at the end of his first season,like that old standard goes I'll do it my way. |
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