41
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The Hotel End / Cobblers Corner / Re: Sat 6th April v Carlisle
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on: April 06, 2024, 09:59:12 am
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Im not sure that a 14.00 kick off does add to the excitement, local businesses, or local hostelries, due to an hour less spending time.
Clocks go back tonight meaning it’s now a midnight kick off 🎉. If we had a 2pm kick off as well, I could truly return from the dead.
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43
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The Hotel End / Cobblers Corner / Re: Accounts
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on: April 06, 2024, 09:50:04 am
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A couple of quid on a land registry search should show this.
I would imagine one of the secret seven jumped on that like Zebedee on crack.
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47
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The Hotel End / Cobblers Corner / Re: Accounts
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on: April 05, 2024, 12:47:15 pm
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I wonder where the profits on the sale of the land now fully acquired will be shown and the actual tax treatment of that.
Which entity or individual(s) actually brought the land?
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48
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The Hotel End / Cobblers Corner / Re: Accounts
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on: April 05, 2024, 12:31:46 pm
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Thanks for the clarification.
The Cobblers must have tax losses brought forward in the region of £9.2 million (roughly the retained losses figure). A potential Deferred Tax Asset of £1.84 million (9.2 million x 20%) not currently recognised on the Balance Sheet.
To be fair you seem a lot more clued up than me, I just assumed it would be a while before we showed anywhere near a profit.
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49
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The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever?
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on: April 05, 2024, 12:26:08 pm
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Genuine question, what is the definition of a reasonable standard, has anyone actually put a stake in the ground and identified the benchmark. I’ve been putting this out there for about 3 years, I haven’t the first clue what constitutes reasonable in these circumstances, and from what I can tell neither does anyone else.
Edit: apologies, excluding Manny.
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50
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The Hotel End / Cobblers Corner / Re: Accounts
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on: April 05, 2024, 12:17:34 pm
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Regarding Corporation Tax;
If you are saying it is the club (NTFC) making the profit on sales of alcohol the club has enormous corporation tax losses brought forward to set against the profit.
Correct, but I was talking generally, assuming we are talking about an entity operating in the black, which is the suggestion.
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51
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The Hotel End / Cobblers Corner / Re: Accounts
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on: April 05, 2024, 11:25:03 am
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I would think that Wycombe did look into it before buying them Dale, but it shouldn't be difficult for someone like NTFC to get the big picture. You say the average licenced premises make 16p per pint, I think with a bar at a football ground would ,probably, make a bit more than that. We only have TGI Fridays as the "away" bar competition and they are certainly not Witherspoons prices Coming back to Tels point about paying for staff, why don't NTFC ask for a few volunteers, work in Carr's from 1 till 3 and 5 till 6 and get a free match ticket? I'm sure a few would be interested
Rog, I’m not saying it wouldn’t work , I’m just quoting the figures I’ve read. 4000 pints at 16p equals £640. 4000 pints at 83p equals £3,320.00 both options are less 20% corporation tax on any profit obviously. The question is what do these clubs make with a fan village etc, again it can’t be a national secret. What are the best performing clubs, who turns over the most money on non ticket match day sales per spectator and why, who makes the most profit on non ticket match day sales and why? There is actually no need to guess if you are smart about it and do the leg work.
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53
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The Hotel End / Cobblers Corner / Re: Accounts
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on: April 05, 2024, 10:25:54 am
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Carton does have a very valid point regards revenue, and not just match day either, what about a gym or polyclinic, meeting rooms for hire, concerts…….
A very valid point, my question would be in the case of Wycombes advertising boards, what did it cost and what does it raise in revenue, or is that some sort of national secret? Ideas are great but that’s all they are, until you dangle the carrot of incentive you and I both know you will struggle to motivate anyone. I don’t know about Carr’s Bar and hospitality is not my thing but a figure that’s been put out there is that the average licensed premises makes around 16p on a pint. How much do you want to spend on Carr’s or similar and do the maths. If it adds up great, if it doesn’t you have a job on your hands getting it off the ground. You’re not daft mate, you know the score.
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54
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The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever?
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on: April 05, 2024, 10:10:39 am
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You have no clue what your talking about, do you think new owners might have a few quid to invest, they would need to buy the ground first, don’t give up your day job pal.
If there really were new owners with that kind of equity to redevelop it begs the question why they are not trying to broker a deal now? Save the current owners 12 months and another million in operating costs, let the owners put the stand budget into a protected fund for redevelopment and they get 4 or 5 million towards their costs rather than starting again from scratch?
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55
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The Hotel End / Cobblers Corner / Re: Accounts
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on: April 05, 2024, 09:48:58 am
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What amazes me is that because KT says he's "Comfortable" with NTFC losing £1M per year everyone thinks its OK. Would he be so "Comfortable" if he didn't have the proceeds of the land deal to pay back the loans? When KT & DB decide to sell up, they will clear their loans and we are left with a business that is losing £1M per year. Melly says all clubs lose money, not true, as GPC has pointed out, what I can't get my head around is why we don't look at the clubs that don't lose money and try and be more like them. Do people really think we are maximising are matchday income? if not, why not ?. Let me use Wycombe as an example, first think they have electronic adds around 3 sides of the pitch for TV. OK they probably cost a few thousand to install but once you've bought them it's all profit. They must make money or Wycombe won't have installed them. This season we knew we would have, on average, over 1,000 away fans each game, do we do anything to get them to spend cash whilst they are at Sixfields? Before someone points out that there is nothing else at Wycombe can I also point out that when the coaches arrive at Sixfields someone from NTFC gets on board and "welcomes" them and points out where to buy tickets, the club shop and where to get food and drink, so it would be quite easy to point them in the direction of any bars run by NTFC. Carr's Bar is much too small, we have the decking outside which is fine in dry weather, I did suggest to NTFC about putting a retractable awning over this and was told that the roof support girders prevented this, I have a contact who works for an awning company, and he says that wouldn't be a problem. I went back with this to NTFC and was then told it would be "too expensive". I suggested they ask Carlsberg, or any other company, to sponsor it but I don't think they bothered, why not?
To clarify, I’ve never said at any point that all clubs lose money. I’ve only ever discussed what’s typical and average and posted figures from reputable sources to demonstrate this. So what I’ve illustrated are facts, and they really are facts. Happy to go through it all again and reclarify if necessary. If people still want to bury their heads in the sand following the reality check that’s up to them.
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57
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The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever?
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on: April 04, 2024, 11:03:45 am
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It would be a pity if they can't cut the ribbon on the 30th May 2025, making it a lucky 13th anniversary of this thread.
We should have a competition on the naming. The Cardozy Carbuncle East gets my vote.
I like “The Thomas Bower Grandstand”. Preferably in neon so it’s visible from space.
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59
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The Hotel End / Cobblers Corner / Re: Redevelopment Closer Than Ever?
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on: April 04, 2024, 10:40:46 am
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CGI images are not going to look that different I wouldn’t think.
They’ve said all along there is only so much they can do due to the original designs.
I’m predicting a completion before the end of next season.
September 2025 at the earliest. Trust me, I’m a doctor.
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60
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The Hotel End / Cobblers Corner / Re: Accounts
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on: April 03, 2024, 11:36:49 am
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Without the exceptional there is no mean, no statistical analysis worth making, no banker evaluating yours or my proposal. Hell without the exceptional we'd still be waiting for fire and wheels. Break your own mould Melly, go nuts. Go saccharine.
It works for me mate.
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