Are we skint?

[ThatJa]

We are at the start of pre-season now with friendlies due to start soon and most teams in England especially League One have started doing their business already and some players knew they were leaving their club 2-3 months ago have started to find clubs as of 1st July some even signings pre-contract agreements due to start on July 1st. We have made two signings on what would appear to be low wages due to where they came from at a cost of nothing because there was no transfer fee (i know just because a player is signed on a free agent it doesn't mean it didn't cost the club anything).

We have paid Hammond off, which will be a big chunk of the budget, and Woolford could be getting the same treatment, again which costs money.

We have released/terminated the contracts of around 17-18 players, so i question where the wages we have saved on those 18 players has gone, even 50% of those players wages should be enough to bring players into a league one club..

So this leads me to question one thing. Are we skint?

 

[ChipButtyBlade]

Cant be when they are supposed to be swanning off to La Manga to dip their toes in the Mar Menor.

 

[robbiez666]

Our owner has just done a sweet deal in China so is probably rubbing his hands as we speak.

 

[Pierre's PC]

I've got £12.37 in my sky so have enough for a coffee in the morning.

Hope that helps.

 

[Blade58]

Our owner has just done a sweet deal in China so is probably rubbing his hands as we speak.

So McCabe is into Property, Leisure and now Liquorice Allsorts

 

[robbiez666]

 

[Flatulent_Bob]

Our owner has just done a sweet deal in China so is probably rubbing his hands as we speak.

Not sure how this means we have more money to spend?

 

[BushBlade]

We are at the start of pre-season now with friendlies due to start soon and most teams in England especially League One have started doing their business already and some players knew they were leaving their club 2-3 months ago have started to find clubs as of 1st July some even signings pre-contract agreements due to start on July 1st. We have made two signings on what would appear to be low wages due to where they came from at a cost of nothing because there was no transfer fee (i know just because a player is signed on a free agent it doesn't mean it didn't cost the club anything).

We have paid Hammond off, which will be a big chunk of the budget, and Woolford could be getting the same treatment, again which costs money.

We have released/terminated the contracts of around 17-18 players, so i question where the wages we have saved on those 18 players has gone, even 50% of those players wages should be enough to bring players into a league one club..

So this leads me to question one thing. Are we skint?

Is who skint? The club? Yes, it's fucked. The owners have had to subsidise a loss out of their own money for several years now.

The question is are they prepared to continue funding the losses or do they now want to run the club at break even?

For example, using made up figures, if our wage bill can go up to £4m per year before we lose money but was £7m last year, we lost £3m. That £3m came out of the prince's (and/or KM's) pocket. So, if they won't fund that loss this year, our wage bill has to be £4m.
If we have just got rid of players on total wages of £4m, we can spend £1m. If the players we've got rid of were on a total of £2m, we have to cut the bill further, by £1m to break even.

The question isn't whether we're skint or not, the question is 'how much more are the owners prepared to lose?'

 

[Esablade]

Is who skint? The club? Yes, it's fucked. The owners have had to subsidise a loss out of their own money for several years now.

The question is are they prepared to continue funding the losses or do they now want to run the club at break even?

For example, using made up figures, if our wage bill can go up to £4m per year before we lose money but was £7m last year, we lost £3m. That £3m came out of the prince's (and/or KM's) pocket. So, if they won't fund that loss this year, our wage bill has to be £4m.
If we have just got rid of players on total wages of £4m, we can spend £1m. If the players we've got rid of were on a total of £2m, we have to cut the bill further, by £1m to break even.

The question isn't whether we're skint or not, the question is 'how much more are the owners prepared to lose?'

How much are the owners prepared to lose?

(simply tap in's a speciality!)

 

[pommpey]

The question isn't whether we're skint or not, the question is 'how much more are the owners prepared to lose?'

Hang on. There's this eternal miniature violin going on regarding poor Mr McCabe and the godawful amount he has kindly donated to letting us poor fans support his club and the twenty odd thousand he allows in the gates every other weekend. Let's not talk about merchandise, sponsorship deals, corporate hospitality, television, sale of quality players (about £10 million over the past six seasons if we have anything to believe) and the embarkation of a wealthy Saudi investor. This is all 'cash in' as far as I am concerned but we don't mention that, because much of that is used to burn and silence the fuck up managers he has appointed and a million bucks on a playing surface we have yet to see the business case for.

People on here act as though WE should be grateful for HIM. I think HE has a debt of gratitude to US for not abandoning the club over the past ten seasons where we have slid from a promising Premier League outfit to a perennially shit, struggling to buy any players div one shambles.

Common fucking denominators.

pommpey

 

[Jesus_was_a_Blade]

The question isn't whether we're skint or not, the question is 'how much more are the owners prepared to lose?'

Hit the nail on the head for me.

While I can understand you can't continue to run a business that is loosing money year after year, even Kev would have to admit that football is a business like no other. No owners (1 or 2 exempt) get into football expecting to make money. The vast majority of clubs do operate on a loss, and it's the owners are (rightly or wrongly) expected to cover this loss.

 

[BushBlade]

Hang on. There's this eternal miniature violin going on regarding poor Mr McCabe and the godawful amount he has kindly donated to letting us poor fans support his club and the twenty odd thousand he allows in the gates every other weekend. Let's not talk about merchandise, sponsorship deals, corporate hospitality, television, sale of quality players (about £10 million over the past six seasons if we have anything to believe) and the embarkation of a wealthy Saudi investor. This is all 'cash in' as far as I am concerned but we don't mention that, because much of that is used to burn and silence the fuck up managers he has appointed and a million bucks on a playing surface we have yet to see the business case for.

People on here act as though WE should be grateful for HIM. I think HE has a debt of gratitude to US for not abandoning the club over the past ten seasons where we have slid from a promising Premier League outfit to a perennially shit, struggling to buy any players div one shambles.

Common fucking denominators.

pommpey

No violin from me. My post was a factual statement of where we are, no more, no less.

 

[I should coco]

Let's not talk about merchandise, sponsorship deals, corporate hospitality, television, sale of quality players (about £10 million over the past six seasons if we have anything to believe) and the embarkation of a wealthy Saudi investor. This is all 'cash in' as far as I am concerned but we don't mention that, because much of that is used to burn and silence the fuck up managers he has appointed and a million bucks on a playing surface we have yet to see the business case for.

Let's not talk about wages either eh?

£20k per week for 3 years + pension + national insurance is nearly £ 4m spunked.

It may have escaped your notice, but we have signed one or two crap overpaid players in the last few years.

 

[pommpey]

Let's not talk about wages either eh?

£20k per week for 3 years + pension + national insurance is nearly £ 4m spunked.

It may have escaped your notice, but we have signed one or two crap overpaid players in the last few years.

It may have escaped yours that we sold one or two not crap overpaid players too. Both circumstances have contributed to our demise. The longer everyone continues to level the blame at Clough et al the longer we have McCabe.

pommpey

 

[FriethBlade]

McCabes legacy is a decade of decline where we now struggle to compete with the likes of Oxford and Northampton in the transfer market.

We are now light years behind our pink skinned neighbours who are signing players we can't even dream about and all this under McCabes watch.

If he'd spent as much time on the club as the fruitless foreign ventures in Hungary and China, the leisure centre in Staines and the hotel etc we might be in a better position.

Don't start with all this where would we be without him cus I'd rather be bankrupt and start again than this death by a thousand cuts ....look how much harm bankruptcy caused Leicester and Southampton.!!

He's a millstone round our neck, he wants investors to fund the club going forward whilst he retains control and while ever gates stay strong he will continue on his merry way as we prepare for more seasons in the depths of English football whilst the good ship premiership football sails ever further into the distance.

 

[Sheffsteel]

Depends what you mean by skint.

The facts are we are arguably the richest club in league 1 and will no doubt again be the biggest spenders.
So in that respect we're not skint and have a big (by league 1 standards) budget.

But the big problem is we can't compete with Championship clubs and PL are on another planet.

 

[sothall blade]

Depends what you mean by skint.

The facts are we are arguably the richest club in league 1 and will no doubt again be the biggest spenders.
So in that respect we're not skint and have a big (by league 1 standards) budget.

But the big problem is we can't compete with Championship clubs and PL are on another planet.

Big Spenders ???

 

[SwissBlade]

I've got £12.37 in my sky so have enough for a coffee in the morning.

Hope that helps.

Will that get you one of those fancy coffees that you drink?

 

[Sean Thornton]

McCabes legacy is a decade of decline where we now struggle to compete with the likes of Oxford and Northampton in the transfer market.

We are now light years behind our pink skinned neighbours who are signing players we can't even dream about and all this under McCabes watch.

If he'd spent as much time on the club as the fruitless foreign ventures in Hungary and China, the leisure centre in Staines and the hotel etc we might be in a better position.

Don't start with all this where would we be without him cus I'd rather be bankrupt and start again than this death by a thousand cuts ....look how much harm bankruptcy caused Leicester and Southampton.!!

He's a millstone round our neck, he wants investors to fund the club going forward whilst he retains control and while ever gates stay strong he will continue on his merry way as we prepare for more seasons in the depths of English football whilst the good ship premiership football sails ever further into the distance.

In what way would bankruptcy have helped us and who would have an interest in making us bankrupt, and why?

 

[Revolution]

In what way would bankruptcy have helped us and who would have an interest in making us bankrupt, and why?

Adminstration would arguably have helped the club in the long term, prior to the splitting of club from ground. It wouldn't have helped McCabe though, so has never been on the cards.

 

[Sean Thornton]

Adminstration would arguably have helped the club in the long term, prior to the splitting of club from ground. It wouldn't have helped McCabe though, so has never been on the cards.

The ground hive off makes no difference in reality.
McCabe is the biggest creditor and probably the only major one. Administration would have solved nothing for him.

 

[Revolution]

The ground hive off makes no difference in reality.
McCabe is the biggest creditor and probably the only major one. Administration would have solved nothing for him.

No, which is why it wasn't an option.

It could have been different when we had bank debt.

The splitting of ground and club makes no difference (save for the rent) as long as McCabe owns the club. If he sells club without ground, it makes a huge difference to the clubs fortunes.

 

[larkymasher]

As a business i imagine we make decent money from many areas of the club.

As far as 'skint' in relation to transfers there is no question we are.

The days of 2/3 year contracts on big money have gone. £500k on a player purchase has gone. This is all down to being a L1 outfit.

As for salaries you only have to look at the number of under 20s in the squad to see the salary bill has been slashed. You will be lucky if Whiteman, Kelly, Ramsdale, Semple and Brooks wage total £2k a week !! Thats being nearly 20% of the squad .

We have a fantastic club with great support and facilities but it is not sustainable to keep spending millions of pounds at this level of football.

I wish we could, but the cold facts are that we cant. If we do we lose our club.

 

[metalblade]

We could just go and borrow £20 million or so from the CO-OP bank