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Redevelopment Closer Than Ever?

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Author Topic: Redevelopment Closer Than Ever?  (Read 1078455 times)
threeinabed
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« Reply #27680 on: October 14, 2020, 08:29:58 am »

Didnít know where to put this other than up my @rse obviously?

One of the Gillingham directors has resigned. I was having a quick look and checked the latest filed accounts submitted in March for (sorry thatís 2017- 2018). For those interested view the PDF and scroll down to page 9. Now imagine the column in bold in the context of Covid with the cost of sales relatively unchanged and the turnover figure more than halved? Iíd say this figure was bang on average for most in the bottom 2 divisions, say no more?

https://find-and-update.company-information.service.gov.uk/company/00039175/filing-history

Slightly different disclosures for NTFC in June but there is enough to compare roughly? Interesting figure placed on Assets Under Construction?

https://find-and-update.company-information.service.gov.uk/company/00183917/filing-history

quite difficult to compare one profit and loss account against no profit and loss account.

but yes, i think we all know the situation - clubs have no income so will be losing more money - its not rocket science.
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« Reply #27681 on: October 14, 2020, 09:08:43 am »

quite difficult to compare one profit and loss account against no profit and loss account.

but yes, i think we all know the situation - clubs have no income so will be losing more money - its not rocket science.

Maybe Melbourne is trying to suggest that Gillingham's gung ho approach in this year's transfer window may well come back to haunt them?
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« Reply #27682 on: October 14, 2020, 09:14:36 am »

quite difficult to compare one profit and loss account against no profit and loss account.

but yes, i think we all know the situation - clubs have no income so will be losing more money - its not rocket science.


In our case we still have the season ticket income (3000 tickets at £250 average = £750k), we get extra income from the league solidarity payment (extra 250k) and the TV revenue package (extra 175k) in League 1, and we also sold our prize asset for a reported 7 figure sum. We are also getting some income from IFollow subscriptions. We don't have the costs involved with "hosting" games either. As far as I know sponsorship held up well, pitch boards, player sponsorship, matchday and match ball etc)

Balance that against the loss in gate money, and there isn't too much difference. (3000 tickets @ £16 average x 23 games= £1.1 million)

Of course not every club is as fortunate as we are.....and of course if we refund season ticket holders then we take a big hit......
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« Reply #27683 on: October 14, 2020, 09:33:40 am »

In our case we still have the season ticket income (3000 tickets at £250 average = £750k), we get extra income from the league solidarity payment (extra 250k) and the TV revenue package (extra 175k) in League 1, and we also sold our prize asset for a reported 7 figure sum. We are also getting some income from IFollow subscriptions. We don't have the costs involved with "hosting" games either. As far as I know sponsorship held up well, pitch boards, player sponsorship, matchday and match ball etc)

Balance that against the loss in gate money, and there isn't too much difference. (3000 tickets @ £16 average x 23 games= £1.1 million)

Of course not every club is as fortunate as we are.....and of course if we refund season ticket holders then we take a big hit......
Thing is though GPC itís not like clubs were operating at a profit prior to Covid? I would suggest sticking an extra million loss on a number of clubs balance sheet in the lower divisions is probably all itís going to take?
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« Reply #27684 on: October 14, 2020, 10:58:24 am »

quite difficult to compare one profit and loss account against no profit and loss account.

but yes, i think we all know the situation - clubs have no income so will be losing more money - its not rocket science.

In all honesty the NTFC accounts are on there because thatís all that was available? However, I thought the assets under construction figure was quite an interesting addition of note? Not that itís totally clear what itís referring too?
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« Reply #27685 on: October 14, 2020, 12:46:41 pm »

In all honesty the NTFC accounts are on there because thatís all that was available? However, I thought the assets under construction figure was quite an interesting addition of note? Not that itís totally clear what itís referring too?
The loan is a nice number to write down against your tax liability though.
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« Reply #27686 on: October 14, 2020, 16:18:39 pm »

Thing is though GPC itís not like clubs were operating at a profit prior to Covid? I would suggest sticking an extra million loss on a number of clubs balance sheet in the lower divisions is probably all itís going to take?

This is true....and in some cases Covid will only be the straw that breaks the camels back.....shouldn't hide away from the fact that any club who goes to the wall if indeed any do, will only do so because they were run badly/irresponsibly in the first place....
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« Reply #27687 on: October 14, 2020, 21:25:31 pm »

Thing thatís surprising me is the lack of detail thatís in all of them? When you go back to the Cardoza era itís even worse? When you do a similar exercise on our companies you can find out the colour of my underwear? Iím going to have to have a word with the accountant?
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« Reply #27688 on: October 14, 2020, 23:12:18 pm »

Maybe some clubs are gambling on a Premier payout of some kind and knew it would happen from day one .
I certainly donít advocate that but I can see it happening elsewhere maybe
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« Reply #27689 on: October 15, 2020, 06:36:39 am »

Maybe some clubs are gambling on a Premier payout of some kind and knew it would happen from day one .
I certainly don’t advocate that but I can see it happening elsewhere maybe


That is exactly why the PL clubs and the Government are reluctant/refusing to fund them.
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« Reply #27690 on: October 15, 2020, 10:23:47 am »

I have to laugh at some of the crude appraisals of the losses the club must be sustaining at the moment.

Taking into account this pandemic has part way straddled two seasons now. I would imagine that season ticket sales are down at least a bit. I also hear that sponsorship has been hit quite heavily. Match day packages, that account for a huge amount on the clubs income, have gone. Concourse food sales have gone. Any conferencing and daily use of the facilities has gone. This is all a major deficit and a huge hit on the clubs resources.

Those that sit by and scoff at the impact, are as deluded as those who think that the whole pandemic is being exaggerated. 

Let me just give a bit of insight into the impact this pandemic is and will have over the coming 12 months. Using a method that over the years has absolutely been the best barometer for me of significant change. I work in healthcare. Recruitment in healthcare, due to quite low wages for unqualified staff, is normally a nightmare. It can take months to employ cleaners, nursing assistants, kitchen staff, with huge bills for agencies across the board. In addition to this, there is another huge issue employing maintenance and gardeners etc. In the last weeks, I have lost count of the amount of people calling me, prepare to take significant pay cuts, just secure a job. They have either been made redundant, or are about to enter into consultation.

I would urge anyone that thinks of taking me to task on this, to keep your powder dry. If in 6 months I am miles wide of the mark, resurrect this post and you can happily have a field day with it. I would be the first to admit I got it wrong. But from what I see from the sector I work in, the sh#t has only just started to hit the fan. Perversely, it is because healthcare tends to thrive from an influx of workers at these times. But in my experience, it only means one thing.

All owners of lower league clubs are sending out the same message. This could change the landscape of lower league football for years to come, unless some sort of financial aid turns up pretty quick. Nobody should expect them to keep funding clubs through this mess, with no real light at the end of the tunnel at the moment. 
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« Reply #27691 on: October 15, 2020, 14:59:25 pm »

I have to laugh at some of the crude appraisals of the losses the club must be sustaining at the moment.

Taking into account this pandemic has part way straddled two seasons now. I would imagine that season ticket sales are down at least a bit. I also hear that sponsorship has been hit quite heavily. Match day packages, that account for a huge amount on the clubs income, have gone. Concourse food sales have gone. Any conferencing and daily use of the facilities has gone. This is all a major deficit and a huge hit on the clubs resources.

Those that sit by and scoff at the impact, are as deluded as those who think that the whole pandemic is being exaggerated. 

Let me just give a bit of insight into the impact this pandemic is and will have over the coming 12 months. Using a method that over the years has absolutely been the best barometer for me of significant change. I work in healthcare. Recruitment in healthcare, due to quite low wages for unqualified staff, is normally a nightmare. It can take months to employ cleaners, nursing assistants, kitchen staff, with huge bills for agencies across the board. In addition to this, there is another huge issue employing maintenance and gardeners etc. In the last weeks, I have lost count of the amount of people calling me, prepare to take significant pay cuts, just secure a job. They have either been made redundant, or are about to enter into consultation.

I would urge anyone that thinks of taking me to task on this, to keep your powder dry. If in 6 months I am miles wide of the mark, resurrect this post and you can happily have a field day with it. I would be the first to admit I got it wrong. But from what I see from the sector I work in, the sh#t has only just started to hit the fan. Perversely, it is because healthcare tends to thrive from an influx of workers at these times. But in my experience, it only means one thing.

All owners of lower league clubs are sending out the same message. This could change the landscape of lower league football for years to come, unless some sort of financial aid turns up pretty quick. Nobody should expect them to keep funding clubs through this mess, with no real light at the end of the tunnel at the moment. 

In your opinion, will any No Deal Brexit make it better or worse for lower league clubs? No one seems to even be talking about a subject that a year ago was the hottest topic.
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« Reply #27692 on: October 15, 2020, 19:00:47 pm »

In your opinion, will any No Deal Brexit make it better or worse for lower league clubs? No one seems to even be talking about a subject that a year ago was the hottest topic.

As an apolitical person I have no view
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« Reply #27693 on: October 15, 2020, 21:54:01 pm »

As an apolitical person I have no view
It was the potential economic repercussions I am unsure about.  Is the Bosman rule effected for example? 
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« Reply #27694 on: October 15, 2020, 22:07:37 pm »

I have to laugh at some of the crude appraisals of the losses the club must be sustaining at the moment.

Taking into account this pandemic has part way straddled two seasons now. I would imagine that season ticket sales are down at least a bit. I also hear that sponsorship has been hit quite heavily. Match day packages, that account for a huge amount on the clubs income, have gone. Concourse food sales have gone. Any conferencing and daily use of the facilities has gone. This is all a major deficit and a huge hit on the clubs resources.

Those that sit by and scoff at the impact, are as deluded as those who think that the whole pandemic is being exaggerated. 

Let me just give a bit of insight into the impact this pandemic is and will have over the coming 12 months. Using a method that over the years has absolutely been the best barometer for me of significant change. I work in healthcare. Recruitment in healthcare, due to quite low wages for unqualified staff, is normally a nightmare. It can take months to employ cleaners, nursing assistants, kitchen staff, with huge bills for agencies across the board. In addition to this, there is another huge issue employing maintenance and gardeners etc. In the last weeks, I have lost count of the amount of people calling me, prepare to take significant pay cuts, just secure a job. They have either been made redundant, or are about to enter into consultation.

I would urge anyone that thinks of taking me to task on this, to keep your powder dry. If in 6 months I am miles wide of the mark, resurrect this post and you can happily have a field day with it. I would be the first to admit I got it wrong. But from what I see from the sector I work in, the sh#t has only just started to hit the fan. Perversely, it is because healthcare tends to thrive from an influx of workers at these times. But in my experience, it only means one thing.

All owners of lower league clubs are sending out the same message. This could change the landscape of lower league football for years to come, unless some sort of financial aid turns up pretty quick. Nobody should expect them to keep funding clubs through this mess, with no real light at the end of the tunnel at the moment. 
Kelvin Thomas has spoken about around 45% down on turnover? It doesnít matter too much so letís say about half? Turnover is 4 million and they were losing a million a season. Therefore they are now losing around 3 million a season (2.6 million at 40%). If thatís typical then I would gestimate that over half the clubs in the lower divisions will stop paying wages before Xmas? Even the bailout figures donít seem to be the answer? This really could be the end of the lower leagues as we know them and it isnít just a result of Covid either? Derek Dreamer fan demanding success + Johnny Deep Pockets on an ego trip + Brian Brainless bureaucrat running the show + Covid = ?
« Last Edit: October 15, 2020, 22:17:15 pm by Melbourne Cobbler » Report Spam   Logged

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« Reply #27695 on: October 15, 2020, 22:39:34 pm »

As an apolitical person I have no view
Grin
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« Reply #27696 on: October 16, 2020, 08:46:49 am »

Kelvin Thomas has spoken about around 45% down on turnover? It doesnít matter too much so letís say about half? Turnover is 4 million and they were losing a million a season. Therefore they are now losing around 3 million a season (2.6 million at 40%). If thatís typical then I would gestimate that over half the clubs in the lower divisions will stop paying wages before Xmas? Even the bailout figures donít seem to be the answer? This really could be the end of the lower leagues as we know them and it isnít just a result of Covid either? Derek Dreamer fan demanding success + Johnny Deep Pockets on an ego trip + Brian Brainless bureaucrat running the show + Covid = ?
We're all doomed ... doomed I tell ye ...
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« Reply #27697 on: October 16, 2020, 09:32:23 am »

It was the potential economic repercussions I am unsure about.  Is the Bosman rule effected for example? 

Surely you mean "affected".
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« Reply #27698 on: October 16, 2020, 09:40:24 am »

It was the potential economic repercussions I am unsure about.  Is the Bosman rule effected for example? 
Yes, its an EU rule so will no longer apply, unless we adopt it which I seriously doubt. Any non British player will require a work permit. Probably wont impact many lower league clubs therefore.
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« Reply #27699 on: October 16, 2020, 10:13:20 am »

We're all doomed ... doomed I tell ye ...
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