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Coolcat
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« Reply #60 on: April 02, 2024, 20:09:11 pm »

Seemingly happy to compare ourselves with clubs losing more money but nobody mentioning clubs who are not in that boat....?

The mighty Walsall, playing in the division below don't forget, have announced an annual turnover of 7.615m, which actually led to them returning into the black, only to the tune of 11k granted, but still a profit.

How about Exeter City? Turnover for the year was 5.844m, and proceeds from player sales was 1.39m, their costs were actually less than their turnover, and as a result they announced a profit for the year of over 300k.

Our accounts show our turnover is 700k less than Exeter (and nearly 2.5m less than Walsall) but our costs were over a million higher than Exeter whilst we too recorded a similar amount from player sales (1.21m) as they did.

So, are our costs too high, or is our revenue too low? What were we missing out on if at the same time we are recording increased gates, a surge in season ticket revenue (a lot of which would have been banked before the June 30th accounts date) and the fact that the EFL cut in funding was only 100k or so, our turnover fell year on year?

I'm sure there is work going on behind the scenes to try and grow revenue in all areas, and its not just from the fans who turn up every other week. Have we tried to get anyone to take on the naming rights for the stadium since the demise of PTS for example?

It seems at the moment we are in a chicken and egg situation......we won't speculate and pay out money now for a return medium term, but we can't grow the revenue without speculating!

I hope to be pleasantly surprised but I can't see the wishlists being prepared from stakeholders in the Fans Advisory Board are going to amount to anything. I mean, even putting hot water taps in the toilets is a cost which will see nil return on a balance sheet, same goes for an awning/cover for the DJ or whatever.
This won't sit well with Melly and the can't speculate, can't accumulate, Duston is a liar crew!
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