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Skint?
Jan 12, 2020 18:12:06 GMT
Post by Deleted on Jan 12, 2020 18:12:06 GMT
I’m not trying to troll,I’ve supported the club since 1959 and seen and witnessed most things and still have my season ticket.
I just wonder how the club can afford warm weather training and yet still ask fans to give money to subsidise the playing staff.I don’t care for the secrecy at the club which goes beyond good business practices.
If you are prepared to ask fans for cash donations,you must be prepared to offer a greater degree of transparency in the business. Surely the successes of last year have improved our overall trading position.If so let the fans know in a general fashion. Please don’t deceive people,if we can afford to send players and staff abroad great stuff but don’t continue in the we are skint mode.
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Post by Deleted on Jan 12, 2020 19:10:59 GMT
'I’m not trying to troll' Yet you are.
How do we know the warm weather training isn't part of the pre planned budget or being paid for by a benefactor?
The club have given fans an avenue to help it become more successful.
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Skint?
Jan 12, 2020 19:19:15 GMT
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Post by Deleted on Jan 12, 2020 19:19:15 GMT
Are you referring to the Squad Builder? We are not the only club running a scheme like this. And as far as claiming poverty all I’ve seen since the Grand Final has been along the lines of ‘we are in a much better position than last year’. I remember Watson saying last season he wanted to do some warm weather training but the club just couldn’t afford it - they’ve obviously not done it on a whim.
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Post by twistthemellonman on Jan 12, 2020 19:22:11 GMT
I believe the Morton group have funded these trips for players. They've done quite a lot on that front actually so i actually fingers crossed wouldn't rule them out potentially becoming permanent owners.
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Skint?
Jan 12, 2020 19:31:04 GMT
Post by Deleted on Jan 12, 2020 19:31:04 GMT
I believe the Morton group have funded these trips for players. They've done quite a lot on that front actually so i actually fingers crossed wouldn't rule them out potentially becoming permanent owners. Have said from the very moment that Morson got involved the prospect of them buying the club became possible.
There was also a report last week that the stadium is even deeper in debt than ever before, was also reported at the same time that Peels profits have plummeted and that heads are rolling as we speak, might be time for Morson to buy the club and take a punt at buying the stadium before the people at Salford FC steamroller in and get it.
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Skint?
Jan 12, 2020 19:54:04 GMT
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Post by Deleted on Jan 12, 2020 19:54:04 GMT
What greater degree of transparency would you like to see from the club?
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Skint?
Jan 12, 2020 19:56:36 GMT
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Post by twistthemellonman on Jan 12, 2020 19:56:36 GMT
I can't see Peel holding lasting too much longer so the question is what happens to us when they go?
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Skint?
Jan 12, 2020 20:36:36 GMT
Post by Deleted on Jan 12, 2020 20:36:36 GMT
I can't see Peel holding lasting too much longer so the question is what happens to us when they go? Can see it being a good thing, the council are racked with debt so they'll need to get rid so I'd say the stadium would be sold and hopefully we might then end up getting a share on game day sales. |
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Skint?
Jan 12, 2020 20:46:52 GMT
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Post by Deleted on Jan 12, 2020 20:46:52 GMT
I can't see Peel holding lasting too much longer so the question is what happens to us when they go? Can see it being a good thing, the council are racked with debt so they'll need to get rid so I'd say the stadium would be sold and hopefully we might then end up getting a share on game day sales. Depends who steps in and buys it - can’t see anyone giving us a better deal and sharing match day profits if they are in if for the money. We’d be in no position to negotiate. The club have said a couple of times that they are happy with the deal so it might be a case of better the devil you know. |
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Skint?
Jan 12, 2020 22:19:59 GMT
Post by bonitared on Jan 12, 2020 22:19:59 GMT
Overthinking this ?
We have very little cash,the stadium company losing money and Peels parent company suffering because of a collapse in rental income and tenant receiverships etc.
Best bet is to keep our heads down and focus on the teams success.
The idea that profits from pies and beer will make much difference doesn’t make sense,apart from making us feel better
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Skint?
Jan 12, 2020 23:15:17 GMT
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Post by redunderthebed on Jan 12, 2020 23:15:17 GMT
Transparency is good. And more transparency is helpful. But I’m not sure what more we can get
Paul King and Ian Blease have both said that we are in a better position than last year but that things are still tight and we are still way below full cap. The GF run, more season tickets and decisions taken in previous seasons have all contributed to the improved position.
They have slightly increased the commercial team and for the first time we have sold all the sponsorship slots on the kit and are increasing corporate sponsorship.
But they also have debt payments that were deferred in previous years and are due to start this year. They still can’t afford a large back room team and can’t reach the cap
The squad builder is another source of income and is earmarked directly for playing staff.
All this has been said publicly by the club management.
As for the stadium. If it’s a loss maker now why would somebody new taking over mean that the club would make any money out of it? Best we can hope is that someone with very deep pockets keeps it going and keeps the losses away from the club
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Post by Deleted on Jan 13, 2020 8:14:56 GMT
Transparency is good. And more transparency is helpful. But I’m not sure what more we can get Paul King and Ian Blease have both said that we are in a better position than last year but that things are still tight and we are still way below full cap. The GF run, more season tickets and decisions taken in previous seasons have all contributed to the improved position. They have slightly increased the commercial team and for the first time we have sold all the sponsorship slots on the kit and are increasing corporate sponsorship. But they also have debt payments that were deferred in previous years and are due to start this year. They still can’t afford a large back room team and can’t reach the cap The squad builder is another source of income and is earmarked directly for playing staff. All this has been said publicly by the club management. As for the stadium. If it’s a loss maker now why would somebody new taking over mean that the club would make any money out of it? Best we can hope is that someone with very deep pockets keeps it going and keeps the losses away from the club Thanks RUTB,you are are the first person to actually answer my question. The other contributors speculated matters but answered my query by only guessing on what financial status the club is in. I hope we are in a better place because I will be able to continue to support the club that is in my heart. Under the previous ownership of Mr Wilkinson I had £100 in shares in the club,this legally entitled me to be privy to the runnings of the club and I guess this is what is missing in our community club( whatever that means) Here’s to a great season. |
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Skint?
Jan 13, 2020 16:54:08 GMT
Post by JJR on Jan 13, 2020 16:54:08 GMT
Interesting point Font.
It appears that the Board is chosen by one person, not a benefactor, nor the Community, and detail of the income and expenditure ( runnings of the Club) is only seen by the Board. So it could be said that the Club is opaque not transparent and is not a Community Club.
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Skint?
Jan 13, 2020 18:56:14 GMT
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Post by Deleted on Jan 13, 2020 18:56:14 GMT
Do we even have a board of directors? Is it not basically anyone who has shown any sort of willingness to help keep the club going?
Maybe the club should sell shares, then present the financial figures to its shareholders. Sounds like there would be a high level of interest.
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Skint?
Jan 13, 2020 19:36:56 GMT
Post by bonitared on Jan 13, 2020 19:36:56 GMT
I’m not certain whether a supporters trust can sell shares. It might also have implications for the historic debt if the company had increased share capital,but I might be wrong on this.
The Fonts point was more general in that we’ve been told consistently that we’re skint and,if our financial position has improved we should be told.
Personally,two things stand out for me. Firstly I think I saw an article that one of our directors had his house on the line. Fantastic commitment when we were in trouble. Not sure how many would do that,I certainly wouldn’t and I’m a lifelong supporter. If having a better financial position allows him to have his house deeds back then that’s a just result.
Finally,of course our financial position is better. It’s self evident and obvious. We reached the Grand Final so we know there’s a cash boost from that. We can also see it’s been spent on the squad.
I’m not sure how much transparency is actually required. I think we’re all curious but that’s different.
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