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Manwork04
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« Reply #40 on: March 29, 2024, 09:12:07 am »

Do you think that they would move the goal posts like that?
I think it includes the East Stand so do it.
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Rule Britannia
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« Reply #41 on: March 29, 2024, 23:21:10 pm »

Times like this, are like Christmas for the negative. Some of us know nothing has really changed. That the debt rolls at the amount it does. And addition to that, we know it means very little. Others take it as an opportunity to attack the club once again. Everyone who has run the club has done so at a loss. With our current league position and increased attendances, we are heading in the right direction. Of course next year is pivotal. We need to stay up, then see the East stand completed. If either of those are not achieved the club can rightly expect criticism.

And in the long term, I would expect the current owners to leave ( should they choose to do so) with us debt free and ready to face the next challenge.

Exactly.
I would like to see the Club to publish their vision for the future.
For example, where do we want to be in 2030, and how are we going to get there.
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« Reply #42 on: March 29, 2024, 23:33:46 pm »

Does anyone know the reason why we had "Reduced EFL monies" ?
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« Reply #43 on: March 30, 2024, 00:13:10 am »

Does anyone know the reason why we had "Reduced EFL monies" ?
Havenít had the time to go through, it looks like just over a 100k cut but that might be wrong. Itís in here.

https://theathletic.com/4957498/2023/10/16/epl-efl-explained-deal-english-football/
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« Reply #44 on: March 30, 2024, 12:31:19 pm »

It is
Until you have a player you can sell for 3/4 million to bring things back to a more manageable level.
The fact is you do have to speculate to accumulate to achieve this.
That is why Peterborough are sitting on several millions of pounds worth of player assets and we are not.
Letís see what investment David can get into the club this summer to help us implement a similar plan.

https://x.com/kieranmaguire/status/1774035870674244089?s=46&t=u7Y-71UW8bj6jSt3EiAOKA

£19 million in the red. F uck the posh
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I think someone should just take this city of Peterborough and just... just flush it down the f***in' toilet

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« Reply #45 on: March 30, 2024, 14:50:07 pm »

Interest on loans 16k a week. great way to run a club. Remember, this is the route some of our supporters, who claim to have our best interests at heart, want to take us down in the name of ďprogressĒ.
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« Reply #46 on: March 30, 2024, 16:18:14 pm »

Exactamundo
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I think someone should just take this city of Peterborough and just... just flush it down the f***in' toilet

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« Reply #47 on: March 31, 2024, 07:58:43 am »

Interest on loans 16k a week. great way to run a club. Remember, this is the route some of our supporters, who claim to have our best interests at heart, want to take us down in the name of ďprogressĒ.
Had a quick look at this, itís actually £16,815 a week (£874,421 per annum). At an average season ticket of £350 (£292 before vat) assume the club took all of that money and didnít off set any match day expenditure against the value. On that basis they still have to sell 3,000 season tickets just to service that debt against an average gate of 8,900. Thats insane.
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« Reply #48 on: March 31, 2024, 09:48:11 am »

Had a quick look at this, itís actually £16,815 a week (£874,421 per annum). At an average season ticket of £350 (£292 before vat) assume the club took all of that money and didnít off set any match day expenditure against the value. On that basis they still have to sell 3,000 season tickets just to service that debt against an average gate of 8,900. Thats insane.

Who are the loans from?
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« Reply #49 on: March 31, 2024, 10:11:49 am »

Who are the loans from?
They owe around a disputed 7 million to a Canadian investment fund that they have just had to restructure the repayments on. Not sure about the rest.
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« Reply #50 on: March 31, 2024, 13:42:09 pm »

Our other favourites, Oxford United £6 million in debt. They are holding off signing for land between Oxford Parkway and Kidlington for new stadium build.
I'd be happy with expansion of Sixfields to around 10,000 - 12, 000 capacity. Not too fussed about a 5-aside pitch, kids bouncy castle or Box Park...though the club/Stagecoach could take a leaf out of Reading's book regarding buses back into town after the game!
Those from Daventry not affected - always a bus each for the three of you operating every 5 minutes!
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« Reply #51 on: March 31, 2024, 13:44:00 pm »

Peterborough raised £2.5 million through a bond, but the interest is 9% per annum, plus a one off 15% if they get promoted to the championship before 2026/27.

It's was a five bond, so there will have to pay it back in 2027.
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« Reply #52 on: April 01, 2024, 10:08:04 am »

Sell the £2.531m worth of tangible assets? That probably includes the goalposts.

Notes 5 . Tangible fixed asset is the lease to the stadium
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« Reply #53 on: April 02, 2024, 18:57:35 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.
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Manwork04
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« Reply #54 on: April 02, 2024, 19:27:35 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.
FuÁking Hell GPC, be careful youíll have Tel and his gang after you as the infidel for thinking of criticising his holiness KT.
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« Reply #55 on: April 02, 2024, 19:29:11 pm »

Would imagine our pretty woeful cup form hasnít helped turnover
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« Reply #56 on: April 02, 2024, 19:30:57 pm »

FuÁking Hell GPC, be careful youíll have Tel and his gang after you as the infidel for thinking of criticising his holiness KT.
I'd be interested what bower and his holiness pay themselves
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Manwork04
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« Reply #57 on: April 02, 2024, 19:38:52 pm »

I'd be interested what bower and his holiness pay themselves

Lost in the wages figure, a pretty penny I shouldnít wonder, worth every penny  Tongue
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« Reply #58 on: April 02, 2024, 19:53:44 pm »

FuÁking Hell GPC, be careful youíll have Tel and his gang after you as the infidel for thinking of criticising his holiness KT.

Wasn't necessarily a dig, more pointing out that it doesn't have to be this way!! I suppose it doesn't really matter when you've got the Chairman declaring that he's(and presumably Mr and Mrs Bower are also) comfortable with the level of losses.

As usual we are better than many examples listed..... Posh for one, but we aren't doing as well as others seemingly are.
« Last Edit: April 02, 2024, 20:06:04 pm by GrangeParkCobbler » Report Spam   Logged

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« Reply #59 on: April 02, 2024, 19:58:58 pm »

a surge in season ticket revenue (a lot of which would have been banked before the June 30th accounts date)

The Revenue figures shown in the financial statements for the year ended June 30th 2023 will only include sales of Season tickets applying to season 22/23.

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