by IMAMATEOFJOVSKY » 18 Aug 2008 15:54
by Schards#2 » 18 Aug 2008 15:55
brendywendyHoop Blahbrendywendy we will make a loss this season
any incoming transfer money will be weighted towards offsetting the loss we make on the day to day business side of things.
just look at the accounts for our 1st year to see where the money went while in teh top flight , and how much mr mad is "lieing" to us and "stealing " all our money
just taking a look down the leagues at previous prem teams, and the perilous financial state some of the more recently demoted teams are in to see what hes on about
the money is all in plain view, and what we did with it
if we are getting 22 M less in tv money after parachute payments, have fewer fans coming through the gates, and each fan paying considerably less for their tickets,while only making 6m profit when we were up anyway, it doesnt take a rocket scientist to see why we need to"cut our coat according to the cloth" in order to stop us losing money this season
But that rocket scientist must also realise that costs have tumbled too? Wages are supposely slashed by around 40%, or so we were led to believe anyway.
do you think the 40% reduction in wages covers the 22 million we are losing?
and that loss, as explained, is on top of a huge decrease in income from ticket sales
by brendywendy » 18 Aug 2008 15:57
So if we're losing £22 million in revenue, that would suggest we gained £22 million in revenue the previous two years. Where is it?
by brendywendy » 18 Aug 2008 15:58
by Schards#2 » 18 Aug 2008 16:04
brendywendy wages doubled
training ground
media centre
players purchased in every window?
why where do you think its got to?
by brendywendy » 18 Aug 2008 16:11
Schards#2brendywendy wages doubled
training ground
media centre
players purchased in every window?
why where do you think its got to?
I don't know, that's why i'm asking.
The things you've listed wouldn't account for that much of it.
My best guess is that Madejski's repaid some of his loan and, if he has, that's fine. I'd just like to know where the money has gone.
by Turns8 » 18 Aug 2008 16:11
by Riseley » 18 Aug 2008 16:12
by Royal Rother » 18 Aug 2008 16:14
by working class hero » 18 Aug 2008 16:33
i imagine the training ground and media centre would have cost millions too
by brendywendy » 18 Aug 2008 16:48
working class heroi imagine the training ground and media centre would have cost millions too
Brendywendy you keep making statements of fact and yet we now know that you are really only going on what you 'imagine'....
Join the rest of us in not really knowing what is going on....
The media centre will have cost a fair bit. Hogwood is - I believe - owned by JM. The buildings there are portakabins, so if the price of £2 miilion which I have seen quoted is true then heads should roll!
by Northern Git » 18 Aug 2008 16:56
Dirk Gently I can answer one of those.Northern Git Does RFC own the Hogwood Park training complex? If not who does, and how much do RFC pay to use it?
Yes, they do - they've also spent a damn lot of money there over the past couple of years in upgrading the facilities. For instance (and it sounds fatuous and banal but it's true!) PL players' won't accept a canteen, they have to have a "restaurant, with chef.
There's also been quite a bit of money spent on the new media centre which was insisted upon to bring it up to PL standards.
So, in many ways, we are a lot stronger in the background and the way we're run than we were 3 years ago when we started the last CCC season.
by Royal Rother » 18 Aug 2008 17:01
Royal Rother "there has been a dramatic rise – from 46 per cent in 2007 to 89 per cent this year – in the number of clubs intending to use more than 90 per cent of their overdraft."
by howser » 18 Aug 2008 17:07
by Schards#2 » 18 Aug 2008 17:09
Riseley It is nothing to do with you or me Schards, it is Mr Mad's baby and if he wants to economise on rusks it is his prerogative.
by brendywendy » 18 Aug 2008 17:10
by Royal Rother » 18 Aug 2008 17:11
howser football however doesnt allow for a business approach to guarantee success.
by Platypuss » 18 Aug 2008 17:12
brendywendyworking class heroi imagine the training ground and media centre would have cost millions too
Brendywendy you keep making statements of fact and yet we now know that you are really only going on what you 'imagine'....
Join the rest of us in not really knowing what is going on....
The media centre will have cost a fair bit. Hogwood is - I believe - owned by JM. The buildings there are portakabins, so if the price of £2 miilion which I have seen quoted is true then heads should roll!
how is it a statement of fact if i started it with "i imagine..."
my statements of fact so far are that 6 million profit made in our 1st year up
6 million loss in our championship year
wage bill doubled in our 1st year up
22 million less coming in in TV/prem/parachute money than last year
the 40% reduction in wage bill ammounts to 12 million quid.
i reckon-even based on the portakabin model that the training ground could very easily have cost 2 million in total to make half habitable-it would probably cost that much just to get the pitches and drainage right
and the media centre even more so- though i dont know for sure, and never said i did.
and actually hogwood(according to DG-who knows these things) is owned by RFC
by brendywendy » 18 Aug 2008 17:17
by howser » 18 Aug 2008 17:24
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