OzymandiasDeathyRax Also don't forget that the likes of Jay et al, will consult the bible that is Soccer Manager and if Julian Alsopp has scored 29 goals in 10 games will promptly sign him up!
Heaven help us!
You involved me in that twatish post why?
Obvious I would have thought.
Football isn't like Championship Manager.
Arnie_Pie Thank god someone finally got the accounts. I was going to do it myself but could not be arsed as nobody can read them properly. Good work strap, this is should elnighten a few.
Dirk GentlyArnie_Pie Thank god someone finally got the accounts. I was going to do it myself but could not be arsed as nobody can read them properly. Good work strap, this is should elnighten a few.
Why? All they want to see is money spent - they don't give a flying oxf*rd where that money comes from or what the long-term effects of it are.
Arnie_PieDirk GentlyArnie_Pie Thank god someone finally got the accounts. I was going to do it myself but could not be arsed as nobody can read them properly. Good work strap, this is should elnighten a few.
Why? All they want to see is money spent - they don't give a flying oxf*rd where that money comes from or what the long-term effects of it are.
Exactly my point sir, we are operating at a loss. Add the recent sales in though and it looks a little rosier.
I'm not surprised we're running at a loss though. What football club doesn't? Not many.
Do you expect to make a pre-tax profit in your next accounting period?
All% EPL EFLC FL1 FL2 SPL SFD
Yes 21 0 22 13 20 60 0
No 74 100 78 88 60 20 100
Don’t know 5 0 0 0 20 20 0
Only a fifth (21%) of respondents expect to make a pre-tax profit in their next accounting period. This is a fall from 35% last year.
Charles Barnett, Audit Partner, Football Industry Group I am surprised to see that across each revenue stream around 1/3 of clubs do not believe the credit crunch will have any impact on their operations. In my view this is wishful thinking. Clubs must appreciate
that the continuing economic uncertainty and rise in unemployment will affect their supporters’ ability to spend over the coming season.
Stuart Barnsdall, Audit Partner, Football Industry Group For the 25% of clubs with a (wages to turnover) ratio above 65% it is very likely that they will be loss making. These clubs must address this matter as no club can sustain such a strategy in the medium term.
Philip Long, Corporate Recovery Partner, Football Industry Group Arguably, it is clubs in the EFLC that have the biggest gamble: do they spend to try to reach the EPL (the holy grail) or spend to avoid relegation? Either way, the price of failure could be catastrophic. Clubs must plan for all eventualities and unsuccessful speculation using bank debt could be a one-way ticket to insolvency.
TheMaraudingDog No surprise to see STAR up the arse of the club and not listening to the fans.
Magnus Much better to start a new club (ala AFC Wimbledon) than buy an existing one.
Although buying out Reading Town might be a foot in the door.
Magnus Much better to start a new club (ala AFC Wimbledon) than buy an existing one.
Although buying out Reading Town might be a foot in the door.
Royal Lady Why did we have no overdraft when finished 8th in PL but the following year had an overdraft of £6 million +?
Why is the £17 million loan by Madejski to the hotel included in the accounts (or are they not exclusively relating to the football club and if not, why not?)
Didn't someone say previously that Madejski's loans were interest free? That was obviously wrong.
I'm asking these questions not to wind people up, but because I don't understand.
Cheers.
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