by Royal Rother » 03 Sep 2008 23:28
by Arch » 04 Sep 2008 04:04
Royal Rother Where have all the "where has all the money gone" posters gone?
by Bucks Dave » 04 Sep 2008 07:39
by RoyalBlue » 04 Sep 2008 08:29
Royal Rother Where have all the "where has all the money gone" posters gone?
Royal RotherArch Maybe I misunderstood this. I thought the fact that our overdraft went down by 7m was directly related to the amount of the profit. The HSBC overdraft was presumably the basis on which we were able to function while running a 6+million loss in 05-06. When there was a net profit in 06-07, the overdraft was paid down by about that amount.
In my experience that would be unusual, as banks would rather be lending to profitable companies, but could be...
Interesting that the Directors' Report states that "The Board... recognises that to remain competitive within this league it needs to continue to invest in players..."
Some might say it's a shame Steve Coppell isn't on The Board...
by Stranded » 04 Sep 2008 08:42
by Northern Git » 04 Sep 2008 09:06
West Stand ManSmoking Kills Dancing Doe The training ground is a odd one because it makes no sense to build where they are currently located cause of all the buildings that will be left when the army moves.
I assume that you are implying that when (if) the Army vacates the neighbouring barracks then RFC could buy some of the buildings and expand a bit?
That is certainly in the list of possible activity. The nearest building to the Hogwood site is a very large sports hall and astro sprots pitch that the club was interested in adding to the deal from the outset. The sports hall has several changing rooms and space for a cafeteria etc too. The MoD was not willing to sell that just yet, but it is possible that they might be more interested when they know what they want to do with the Arborfield site overall. I wouldn't plan on the Army totally vacating Arborfield though, as the withdrawal from Germany over the next few years will increase the requirement for good locations in the UK.
by Royal Rother » 04 Sep 2008 09:10
RoyalBlueRoyal Rother Where have all the "where has all the money gone" posters gone?
Waiting for the full truth to out! Pointless debating any further when the only information we've got is what JM & his people/accountants want us to have.
by Bucks Dave » 04 Sep 2008 09:10
by Wycombe Royal » 04 Sep 2008 09:19
by brendywendy » 04 Sep 2008 10:30
The massive increase in season ticket prices when we were promoted to the PL would 'allow us to compete effectively at this level' - in what way did it allow us to compete effectively if it wasn't financially?
by largetrousers » 04 Sep 2008 10:53
by papereyes » 04 Sep 2008 11:01
"Since the start of our first Premier League season two years ago we have spent nearly £12m on new players, and another £7.5m in improving the infrastructure around the Club, including £1m apiece on reconstructing the pitch and developing the training ground.
by Thaumagurist* » 04 Sep 2008 11:06
by papereyes » 04 Sep 2008 11:08
Thaumagurist* So that's £20M spent, not the £1.4M that Dodger states.
by brendywendy » 04 Sep 2008 11:09
papereyes"Since the start of our first Premier League season two years ago we have spent nearly £12m on new players, and another £7.5m in improving the infrastructure around the Club, including £1m apiece on reconstructing the pitch and developing the training ground.
That's what I'd like to hear. We *have* spent the money, but not on players.
Thank you.
by brendywendy » 04 Sep 2008 11:11
papereyesThaumagurist* So that's £20M spent, not the £1.4M that Dodger states.
Well, no, Spacey. The club say in one of those articles that Hunt, Mooney and Armstrong add up to £1.5 million.
The £20 million is clearly a total over two and a bit years from promotion to the Premiership and up to now.
by West Stand Man » 04 Sep 2008 11:16
Northern Git
As I posted elsewhere, the training ground situation is regarded, in the property market, as a bit of a result for JM. The area, on part of which the training ground currently stands, bounded by Park Lane, Hogwood Industrial estate, Sheerlands road,Biggs Lane and the existing buildings at Arborfield Garrison is ear marked for future housing development. If planning permission is granted the value of the training ground area will rocket (when the property market recovers).
You can understand why JM is keeping the freehold to himself and charging RFC a nominal rent to use the area.
Probably why the training ground buildings are all Portacabin type structures.
by papereyes » 04 Sep 2008 11:16
brendywendypapereyes"Since the start of our first Premier League season two years ago we have spent nearly £12m on new players, and another £7.5m in improving the infrastructure around the Club, including £1m apiece on reconstructing the pitch and developing the training ground.
That's what I'd like to hear. We *have* spent the money, but not on players.
Thank you.
no, totally the opposite
If it makes our infrastructure more secure, then that's fine, but who else would like the club to make this a little bit clearer?
I think, really, that the club have to do better PR as most people will simply see only the headline figures, especially with the Premiership being sold as a land of milk, honey and streets paved with gold. However, if that Premiership spell means that we're better prepared to stay up next time (through a securing of our debts and slow march to self-sufficiency), then I can accept that and I think most fans would. But that's an argument for the club to make, that they possibly have to make and I don't think they have.
by papereyes » 04 Sep 2008 11:18
brendywendypapereyesThaumagurist* So that's £20M spent, not the £1.4M that Dodger states.
Well, no, Spacey. The club say in one of those articles that Hunt, Mooney and Armstrong add up to £1.5 million.
The £20 million is clearly a total over two and a bit years from promotion to the Premiership and up to now.
but he did say wed only spent 1.4 million though didnt he?
by Thaumagurist* » 04 Sep 2008 11:22
papereyesThaumagurist* So that's £20M spent, not the £1.4M that Dodger states.
Well, no, Spacey. The club say in one of those articles that Hunt, Mooney and Armstrong add up to £1.5 million.
The £20 million is clearly a total over two and a bit years from promotion to the Premiership and up to now.
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