What does Winter do 9-5?

[Tuns]

Bit harsh on Winter when you consider the hundreds of thousands of pounds taken out of the club in salary and pay off by Birch and the job he did.

Probably the equivalent of the amount we are getting for Lowton up front or a few thousand ST sales.

 

[ghandi]

when I attended the AGm a couple of years ago McCabe said the interest was being acrcued on his loans but he was not taking the money; in effect, the debt to him just increased. I don'y know whether this situation has changed.

 

[TarquinDelouche]

when I attended the AGm a couple of years ago McCabe said the interest was being acrcued on his loans but he was not taking the money; in effect, the debt to him just increased. I don'y know whether this situation has changed.

So you mean... there are people pissing and moaning about something they know nothing about? Hmmm.

 

[metalblade]

when I attended the AGm a couple of years ago McCabe said the interest was being acrcued on his loans but he was not taking the money; in effect, the debt to him just increased. I don'y know whether this situation has changed.

So you mean..... he could be taking the money or just increasing what he is owed neither in the interests of SUFC but some people still bend over backwards to defend his actions ? Hmmmmm wow amazing....... unbelievable

 

[alcoblade]

So you mean... there are people pissing and moaning about something they know nothing about? Hmmm.

Well, they know from what McCabe said here, and what I've heard him say previously, that he is charging interest on the money and it is adding to the debt. So people are "pissing and moaning" about what everyone knows and McCabe acknowledges is happening.

That people are happy with that, or not, is what's being discussed here. Feel free to joing in what's being discussed, rather than getting angryu about what isn't.....


UTB

 

[TarquinDelouche]

Me? I'm angry about nothing.

 

[SwissBlade]

No they ring me direct following receipt of invoices and ask for breakdowns of what I have done and when - as does my boss. Also have to complete timesheets.

As always, there is a very serious element to my posts. We have a finance bloke and a MD type bloke. I can safely say that SUFC is not a large or complicated business yet we have all these exec types milling around in the background. Surely Burns and Dmac could run the club with McCabe Junior signing the cheques as and when. I assume Winter deals with paperwork on transfers and sells himsen on a football background and such like but no way is that a 9-5 job. I could do it my dinner hour Swiss. Nowt happens for weeks on end anyway.

So do you suggest that Winter publishes his breakdowns and timesheets on the OS/ Star website? If he does that will you also publish yours?

 

[Micalijo]

Don't be daft Swiss. I asked you lot what Winter does 9-5. I didn't ask Winter and have zero wish to ask him in person. So far the only remotely sensible answer is from Foxy but even then it seems all he does is organise a few bingo nights in the platinum sweet or such like. You tell me what you think he does or if you ain't interested move on.

 

[Kenilworth]

So far the only remotely sensible answer is from Foxy.

That's just not true. See my contribution in post 4

 

[shorehamview]

I know that you are a very dangerous driver.

Foxy doesn't go fast enough to drive Miss Daisy. My Grandad is quicker, and he's 92.

 

[SwissBlade]

Don't be daft Swiss. I asked you lot what Winter does 9-5. I didn't ask Winter and have zero wish to ask him in person. So far the only remotely sensible answer is from Foxy but even then it seems all he does is organise a few bingo nights in the platinum sweet or such like. You tell me what you think he does or if you ain't interested move on.

Honestly... I don't have a clue who he is or what his job is at the club. I don't really care too much what the people behind the scenes do. To be fair, when you look at the ground, the club, the academy, I don't see a lot wrong. We get reminded that we are ready for the Premier league... except on the pitch.

On the pitch we're still sat in the 3rd Division, we have a manager that plays lovely pretty football but it doesn't seem to be that effective against the more physical sides in the division and looking at last season, we faded dramatically.

In terms of set up, we can look at our neighbours and be confident that we are as well run as them if not better run. We can look further afield and see that the club in comparison to other clubs around is doing quite well.

Its the on field issues that need sorting. Does this Winter bloke have any input into that... I don't know. And frankly I have better things to do than sit around cracking one off at the thought that i've done a panorama investigation into the people within the club.

Its the summer mic, get out and enjoy the lovely weather... its sunshine and 25oC almost every day.... at least it is in Zug

 

[gavtheblade]

when i first scanned over this thread reading the title i thought it was a thread regarding the weather.

 

[alcoblade]

we have a manager that plays lovely pretty football but it doesn't seem to be that effective against the more physical sides in the division and looking at last season, we faded dramatically.

Call me Mr picky, but I thought the loss of our 35 goal striker ( through no fault of the club) right before we stopped winning just about every match contributed to us not winning just about every match. But perhaps it was the style of play.



UTB

 

[SwissBlade]

Call me Mr picky, but I thought the loss of our 35 goal striker ( through no fault of the club) right before we stopped winning just about every match contributed to us not winning just about every match. But perhaps it was the style of play.



UTB

Yeah of course that was a major factor, but when Ched was replaced with, lets just say, players of limited fitness or ability, the play didn't really suit the strikers... but I take your point.

 

[TarquinDelouche]

its sunshine and 25oC almost every day.... at least it is in Zug

What??!

 

[raul]

Broomhill, take note....

 

[Highbury_Blade]

If winters anything like me, he takes a massive dump about 10, 4 tea breaks a day, and a good 2 hours of spacing out, staring at my screen.


Just call me Peter Gibbons

 

[alcoblade]

If winters anything like me, he takes a massive dump about 10, 4 tea breaks a day, and a good 2 hours of spacing out, staring at my screen.


Just call me Peter Gibbons

Ahh, carpet bombing the U-Bend in works' time. It's a basic human right, and shouldn't be held against anyone.

UTB

 

[SwissBlade]

What??!

25 oC

 

[shreds1975]

So we should be thankfull that our crippling debt along with the huge amount of cash pissed down the gutter in interest charges is owed to McCabe rather than the banks. Now if the banks (and we all know how good they are) in their wisdom think another loan is not such a good idea why should McCabe think he knows better and loan the cash. It is close to the point where interest charges are more than income and if McCabe lives to be 100 he will no where near get any of the loans repaid but will make a tidy sum from the interest each and every year until he dies and his family take on milking the cash cow, which to my way of thinking is immoral.............................. no better than the pay day loan sharks cashing peoples dole cheques at 2000%pa

Turnover - 2011 accounts £14.4m
Interest Payable (Not PAID) £3.3m

A bit of a way to go.

Of the £3.3m: £0.6m related to Bank borrowings (largely teh amount borrowed against future receipts from West Ham), £1.1m was payable to Related parties (i.e. Scarborough cos, Directors etc) with £1.6m of Other interest payable and similar charges.

During the year £17m of outstanding loans and interest were capitalised and converted to equity. Hardly making a tidy sum from the interest?!

 

[super_pig]

From Patrick Collins, Mail on Sunday yesterday:
Full article.

interesting read.. thx for the post

 

[metalblade]

Turnover - 2011 accounts £14.4m
Interest Payable (Not PAID) £3.3m

A bit of a way to go.

Of the £3.3m: £0.6m related to Bank borrowings (largely teh amount borrowed against future receipts from West Ham), £1.1m was payable to Related parties (i.e. Scarborough cos, Directors etc) with £1.6m of Other interest payable and similar charges.

During the year £17m of outstanding loans and interest were capitalised and converted to equity. Hardly making a tidy sum from the interest?!

So are we adding £3.3m to the debt each year ? Yes you are right in saying he is not making money if the interest is not paid fair enough but on the other hand the debt is increasing all the time making the club unsellable unless McCabe takes a loss which obviously he is unwilling to do............... and still people wonder why we have to sell a young academy product before each season starts. It would not be so bad if the money was invested in the squad rather than helping to cover the interest on a ever increasing debt to McCabe

 

[Micalijo]

Hey Clappers? What about Wilson's comments yesterday? You must be chuffed about the way things have ben handled this summer.

 

[SwissBlade]

Hey Clappers? What about Wilson's comments yesterday? You must be chuffed about the way things have ben handled this summer.

Why would anyone be chuffed

 

[alcoblade]

and still people wonder why we have to sell a young academy product before each season starts.

It's only you and a select few that "wonder why we have to sell a young academy product before each season starts".

Pop down to the money tree., eh?

UTB

 

[shreds1975]

So are we adding £3.3m to the debt each year ? Yes you are right in saying he is not making money if the interest is not paid fair enough but on the other hand the debt is increasing all the time making the club unsellable unless McCabe takes a loss which obviously he is unwilling to do............... and still people wonder why we have to sell a young academy product before each season starts. It would not be so bad if the money was invested in the squad rather than helping to cover the interest on a ever increasing debt to McCabe

But isn't covering the debt. It is covering the losses incurred on players who didn't live up to the wages they were being paid, it is paying for the cost base of a club that is not commensurate with League One status. A Loss last year of £13m and not even a quarter of it is the accrued (not necessarily paid) interest on debt.

Yes you can (and should) attribute these losses to McCabe and the board's decision making, which has been flawed at times. Yes increasing losses makes the club less and less attractive to buyers unless McCabe accepts a much lower price on his shares. But until the cost base is commensurate with turnover we will continue to be a selling club to make up the shortfall.

Unfortunately with EPPP, the players might leave even earlier and the transfer fee will be limited. To be honest, the ability to plug the financial gap with player sales like tehg Kyles, Slew, Lowton and potentially maguire, will start to diminish.

 

[Sothall_Blade]

But isn't covering the debt. It is covering the losses incurred on players who didn't live up to the wages they were being paid, it is paying for the cost base of a club that is not commensurate with League One status. A Loss last year of £13m and not even a quarter of it is the accrued (not necessarily paid) interest on debt.

Yes you can (and should) attribute these losses to McCabe and the board's decision making, which has been flawed at times. Yes increasing losses makes the club less and less attractive to buyers unless McCabe accepts a much lower price on his shares. But until the cost base is commensurate with turnover we will continue to be a selling club to make up the shortfall.

Unfortunately with EPPP, the players might leave even earlier and the transfer fee will be limited. To be honest, the ability to plug the financial gap with player sales like tehg Kyles, Slew, Lowton and potentially maguire, will start to diminish.

If our wage bill is cut to 65% of turnover, there should be no shortfall this season.
Therefore, no need to sell Maguire etc to make up the shortfall. The Board can't have it both ways.

 

[shreds1975]

If our wage bill is cut to 65% of turnover, there should be no shortfall this season.
Therefore, no need to sell Maguire etc to make up the shortfall. The Board can't have it both ways.

True, but player wages are not the only factor in being profitable. It is going to take some brutal cost/structural changes elsewhere. Administrative Costs (no breakdown in the accounts) were £9.3m in the 12 months to 30 June 2011 and Amortisation of player registrations over £3.0m. Granted these are in the plc accounts and not just for the football operations, but it means that even reducing player wages to 65% doesn't guarantee a profitable business.

 

[Sothall_Blade]

True, but player wages are not the only factor in being profitable. It is going to take some brutal cost/structural changes elsewhere. Administrative Costs (no breakdown in the accounts) were £9.3m in the 12 months to 30 June 2011 and Amortisation of player registrations over £3.0m. Granted these are in the plc accounts and not just for the football operations, but it means that even reducing player wages to 65% doesn't guarantee a profitable business.

Does anybody know what this £12.3M was spent on last year? Can it be reduced this year?
It would be useful to know what we're getting for the money, when we sell Maguire to pay for it.

 

[metalblade]

Does anybody know what this £12.3M was spent on last year? Can it be reduced this year?
It would be useful to know what we're getting for the money, when we sell Maguire to pay for it.

Maybe the words to describe it all are "creative accounting" it doesn't really matter how much it is buttered up "smoke and mirrors" and all that crap, the bottom line is we can't bring anyone in until someone goes out because we don't have two ha'pennies to scratch our arse with and that has been the case for a long time despite parachute payments and the drip feed of the Tevez cash ....... up to you whether you believe the creative accountants or the exodus of good talent we see at the start of each season.