Swiss Ramble - SUFC Finances

[Esablade]

Not sure if I'm missing something - but aren't you and Esa both supportng McCabe's actions in support of the club?

I'm not sure they can see past their frothing mouths...

 

[IdLiketoRogerMoore]

And this year, our losses may not be significant, we may even turn a profit due to the money you wrongly attributed to last year's accounts.

Would you like a spade?

So in your world, previous years losses/debt have no impact on what you do with future income?

Would you like to buy some magic beans?

 

[Esablade]

So in your world, previous years losses/debt have no impact on what you do with future income?

Would you like to buy some magic beans?

McCabe and Princey cover the losses with their 'investment' each year (you'll note this 'investment' is around the same as the losses)...this year, they might not have to because of the unexpected bonus of the money you wrongly attributed last years accounts...which funnily enough is nearly the same as last year's losses.

I see you don't require the spade, you're doing fine on your own.

 

[Booker4]

All interesting stuff and great to see we have reduced debt down to almost nothing. As a comparison there's an interesting interview on Porktalk from an accountant - I think - talking about how much of a mess Wednesday are in! Basically their wages and transfer fees over the last two seasons means they'll be screwed to spend anything near that over the next season or so. They trusted Carlos to deliver his dream! Ha ha!

 

[ucandomagic]

Ignoring all of the various agendas on this thread, when you go on to this in Twitter there are a whole series of interesting Tweets and attachments.

These basically show to me that we are an extremely well-run club and business. We have owners who are able to input sufficient funds to keep us out of debt, but are unable to inject the huge amounts to match many of the high spenders in our current Division.

If we managed to get promoted with our current tight budget and highly astute football management then it is clear that a significantly higher injection of funds would be needed. These would obviously be available from increased revenues as well as from our increased attractiveness to other investors.

A promotion would be the obvious time for the existing owners to cash in on some/all of their current investment and attract more financial input to the Club. Catch 22 is whether we can get there without that increased input. However, what we must never do again is gamble with debt or commitments on the assumption that our status will be maintained indefinitely.

 

[Sean Thornton]

what’s all this stuff mean Sean ?

Now the secrets out about the flying monkeys, I'm saying nowt.

 

[SwissBlade]

Thought this was the 2016 SwissBlade account for a minute. Was about to send him a pm to ask about the dramatic downturn in fortunes.

Bloody hell, thanks for that, i just had to read two pages to check that if i could make some sort of witty retort. I can't.

 

[Sean Thornton]

Bloody hell, thanks for that, i just had to read two pages to check that if i could make some sort of witty retort. I can't.

"My dad could make people howl with laughter just by reading these sort of boring financial statements out aloud.

He'd have his cock out when he did it, but still"

 

[Bladesman]

Thought this was the 2016 SwissBlade account for a minute. Was about to send him a pm to ask about the dramatic downturn in fortunes.

I know, I thought we would have to raise a few quid for him by selling some half and half scarves.

 

[Bladeinleeds]

What those tweets highlight to me is the inherent unfairness of the parashoot payments. Norwich getting 40million per season in those. We would have to sell out a 100,000+ capacity stadium every week to get even close to that level of income.

It’s no wonder clubs go for broke trying to reach the promised land.

As for the question of where he money has gone! Massive write offs of debt and debt to equity conversions and 6 seasons of losses in league 1 show there isn’t any money going into Mcabes pockets from sales. There’s a reason we’ve had to sell the Crown Jewels.

Nice earner in the cup again would be nice

 

[UnitedBlade]

Ignoring all of the various agendas on this thread, when you go on to this in Twitter there are a whole series of interesting Tweets and attachments.

These basically show to me that we are an extremely well-run club and business. We have owners who are able to input sufficient funds to keep us out of debt, but are unable to inject the huge amounts to match many of the high spenders in our current Division.

If we managed to get promoted with our current tight budget and highly astute football management then it is clear that a significantly higher injection of funds would be needed. These would obviously be available from increased revenues as well as from our increased attractiveness to other investors.

A promotion would be the obvious time for the existing owners to cash in on some/all of their current investment and attract more financial input to the Club. Catch 22 is whether we can get there without that increased input. However, what we must never do again is gamble with debt or commitments on the assumption that our status will be maintained indefinitely.

I don’t think a higher injection of funds is necessary if you get to the PL. At a stroke, we’ll increase turnover about 5 or 6 times to about £100M. The decision then is how much you spend on building a squad to avoid relegation. Ground improvements will also take place but the pressure to provide more funds probably decreases. However, I agree this is when one or more of the owners might cash out.

The really difficult task is getting promotion in the first place especially against clubs with parachute payments.

 

[Pedro's Winger]

Ignoring all of the various agendas on this thread, when you go on to this in Twitter there are a whole series of interesting Tweets and attachments.

These basically show to me that we are an extremely well-run club and business. We have owners who are able to input sufficient funds to keep us out of debt, but are unable to inject the huge amounts to match many of the high spenders in our current Division.

If we managed to get promoted with our current tight budget and highly astute football management then it is clear that a significantly higher injection of funds would be needed. These would obviously be available from increased revenues as well as from our increased attractiveness to other investors.

A promotion would be the obvious time for the existing owners to cash in on some/all of their current investment and attract more financial input to the Club. Catch 22 is whether we can get there without that increased input. However, what we must never do again is gamble with debt or commitments on the assumption that our status will be maintained indefinitely.

Southampton is an example of an extremely well-run football club.
Or Burnley. Or Swansea up until recently. Or Leicester. West Brom. Stoke.
We're currently having a good season in the Championship but our history doesn't lie in terms of how badly-run we've been.

 

[Sean Thornton]

Southampton is an example of an extremely well-run football club.
Or Burnley. Or Swansea up until recently. Or Leicester. West Brom. Stoke.
We're currently having a good season in the Championship but our history doesn't lie in terms of how badly-run we've been.

Maybe have a look at Leicesters "history"?

 

[Tunstall Fred]

Southampton is an example of an extremely well-run football club.
Or Burnley. Or Swansea up until recently. Or Leicester. West Brom. Stoke.
We're currently having a good season in the Championship but our history doesn't lie in terms of how badly-run we've been.

Cut and paste job there Len,you've missed out Middlesbrough,you used to Champion them as a well run club in your attempts to slate United.

Leopards/spots

 

[Bladeinleeds]

Southampton is an example of an extremely well-run football club.
Or Burnley. Or Swansea up until recently. Or Leicester. West Brom. Stoke.
We're currently having a good season in the Championship but our history doesn't lie in terms of how badly-run we've been.

Sliding doors moment but imo McCabe has done a decent job but we have just fallen short at key times. And Especially on managerial appointments meaning we never had the boost of the massive tv deals and rivers of cash that delivered

We would definitely be being spoken off as a well run club if we’d stayed up under warnock. We then pissed away all the parashoot payments under a succession Of dross managers and paid the price for that when we had a squad to walk the league.

I fully believe we’d be established up there had we appointed wilder for example instead of say Blackwell or Robson.

 

[UnitedBlade]

What those tweets highlight to me is the inherent unfairness of the parashoot payments. Norwich getting 40million per season in those. We would have to sell out a 100,000+ capacity stadium every week to get even close to that level of income.

It’s no wonder clubs go for broke trying to reach the promised land.

As for the question of where he money has gone! Massive write offs of debt and debt to equity conversions and 6 seasons of losses in league 1 show there isn’t any money going into Mcabes pockets from sales. There’s a reason we’ve had to sell the Crown Jewels.

Nice earner in the cup again would be nice

Yes, it’s very hard to compete with parachute payments if clubs refresh their squads and employ competent managers. I think Sunderland may escape now they have Coleman but Hull are now hugely at risk with Madkins.

I was looking at Norwich’s accounts recently and their wage bill last season was an eye watering £37.5M! If they don’t make the playoffs this season they’ll be in trouble next season even though they still have another year of payments. They’ll have to sell and start cutting their cloth accordingly.

 

[Harrisblade]

Sliding doors moment but imo McCabe has done a decent job but we have just fallen short at key times. And Especially on managerial appointments meaning we never had the boost of the massive tv deals and rivers of cash that delivered

We would definitely be being spoken off as a well run club if we’d stayed up under warnock. We then pissed away all the parashoot payments under a succession Of dross managers and paid the price for that when we had a squad to walk the league.

I fully believe we’d be established up there had we appointed wilder for example instead of say Blackwell or Robson.

But would Wilder have been ready when Robson (or Blackwell) went?

 

[Sean Thornton]

Cut and paste job there Len,you've missed out Middlesbrough,you used to Champion them as a well run club in your attempts to slate United.

Leopards/spots

He's probably read that they've been in administration/insolvency too. Like Southampton. Oh and Swansea.

 

[Sean Thornton]

He's probably read that they've been in administration/insolvency too. Like Southampton. Oh and Swansea.

Get ready for different goalposts Fred!

 

[Bladeinleeds]

Yes, it’s very hard to compete with parachute payments if clubs refresh their squads and employ competent managers. I think Sunderland may escape now they have Coleman but Hull are now hugely at risk with Madkins.

I was looking at Norwich’s accounts recently and their wage bill last season was an eye watering £37.5M! If they don’t make the playoffs this season they’ll be in trouble next season even though they still have another year of payments. They’ll have to sell and start cutting their cloth accordingly.

Suppose that’s the other side of it. Championships teams paying 50k plus per week to players. That’s only sustainable while the parashoot payments continue after that you’re fucked as we found out

 

[Tunstall Fred]

Get ready for different goalposts Fred!

He was championing Preston not long back,because they had signed 2 more players than us in this JTW,proving that they were showing more ambition than us,strangely he's not revisited that theme since our 4 signings were announced.

 

[Bladeinleeds]

But would Wilder have been ready when Robson (or Blackwell) went?

Maybe not... but I’m mean I could have done a better job than Robson.

There were 10-20 managers hat I think could have got us up with the resources squandered.

But on the flip side We possible wouldn’t have wilder now or had a 100 point season. You have to experience the lows to appreciate the highs

 

[Sean Thornton]

He was championing Preston not long back,because they had signed 2 more players than us in this JTW,proving that they were showing more ambition than us,strangely he's not revisited that theme since our 4 signings were announced.

He's gone. Be rummaging under the sink for the hidden bottle.....

 

[Esablade]

This is an interesting one from the thread which co-incides with Princey coming onboard and sharing the cost's...

 

[Pedro's Winger]

Maybe have a look at Leicesters "history"?

I somehow doubt any of those clubs, including Leicester, will be thinking if only we'd been as well-run as Sheffield United, look at what we could have experienced.
They're gutted they could have been in the third division instead of winning the premier league.

 

[Isar]

How did our taxi company do?

 

[georgebernardshaw]

I somehow doubt any of those clubs, including Leicester, will be thinking if only we'd been as well-run as Sheffield United, look at what we could have experienced.
They're gutted they could have been in the third division instead of winning the premier league.

 

[Sean Thornton]

I somehow doubt any of those clubs, including Leicester, will be thinking if only we'd been as well-run as Sheffield United, look at what we could have experienced.
They're gutted they could have been in the third division instead of winning the premier league.

Oh Lenny. You are a card.

 

[Tunstall Fred]

Oh Lenny. You are a card.

He needs new material that's for sure,after his Wilders failing/Wilders not been backed/Preston own goals

Hates United check

Hates McCabe check

Hates Ched check

It will be racism next.

 

[Pedro's Winger]

Sliding doors moment but imo McCabe has done a decent job but we have just fallen short at key times. And Especially on managerial appointments meaning we never had the boost of the massive tv deals and rivers of cash that delivered

We would definitely be being spoken off as a well run club if we’d stayed up under warnock. We then pissed away all the parashoot payments under a succession Of dross managers and paid the price for that when we had a squad to walk the league.

I fully believe we’d be established up there had we appointed wilder for example instead of say Blackwell or Robson.

The problem being that McCabe picked all the managers, sanctioned the buys and sales etc, etc.
There aren't many clubs of reasonable stature who've been as badly run as us over recent years - I can think of Coventry and our friends across the city, while one or two have fallen into a coma like Ipswich and Forest, not many more.