devonshire owl Posted June 30, 2020 Share Posted June 30, 2020 26 minutes ago, sherlyegg said: Except its not 100k per day How can they ask for loyalty bonus!! Link to comment Share on other sites More sharing options...
Bouncing Owl Posted June 30, 2020 Share Posted June 30, 2020 Figures don’t surprise me but football at this level is unsustainable over the longer term. Something needs to give at some point - maybe this Covid19 outbreak will give football the wake up call it needs. 1 Link to comment Share on other sites More sharing options...
Ellis Rimmer Posted June 30, 2020 Share Posted June 30, 2020 He spends all that on us yet people constantly moan about him 2 1 Link to comment Share on other sites More sharing options...
@owlstalk Posted June 30, 2020 Author Share Posted June 30, 2020 Owlstalk Shop Link to comment Share on other sites More sharing options...
DJMortimer Posted June 30, 2020 Share Posted June 30, 2020 I thought at the time that it was slightly curious the sale of the stadium didn't just cancel out a net loss for that accounting year but actually put us something like £2m in profit. Could it be that amount was just enough to see us under the three year EFL limit? 3 minutes ago, Ellis Rimmer said: He spends all that on us yet people constantly moan about him You don't reckon the situation is a bit more complex than that? 2 1 Link to comment Share on other sites More sharing options...
alanharper Posted June 30, 2020 Share Posted June 30, 2020 7 minutes ago, Bouncing Owl said: It will also include the purchase price of £37m for sure and potentially the acquisition of the ground for £60m. Adding on the £37m still works out at less than £79k per day And the ground was included in the purchase of the club - if he's "sold" it to himself, er I mean that random company, that's not expenditure he's moving his money from one pocket to another. 1 Link to comment Share on other sites More sharing options...
Bouncing Owl Posted June 30, 2020 Share Posted June 30, 2020 Just now, alanharper said: Adding on the £37m still works out at less than £79k per day And the ground was included in the purchase of the club - if he's "sold" it to himself, er I mean that random company, that's not expenditure he's moving his money from one pocket to another. This is the only plausible explanation I have for the £100k pw loss having looked at the figures. Link to comment Share on other sites More sharing options...
Ellis Rimmer Posted June 30, 2020 Share Posted June 30, 2020 2 minutes ago, DJMortimer said: I thought at the time that it was slightly curious the sale of the stadium didn't just cancel out a net loss for that accounting year but actually put us something like £2m in profit. Could it be that amount was just enough to see us under the three year EFL limit? You don't reckon the situation is a bit more complex than that? I just think he has made mistakes but I don't want to drive him out of the club, he will feel it more than anyone Link to comment Share on other sites More sharing options...
Sheff74 Posted June 30, 2020 Share Posted June 30, 2020 (edited) Erm... ok Edited June 30, 2020 by Sheff74 Link to comment Share on other sites More sharing options...
Eastern Posted June 30, 2020 Share Posted June 30, 2020 41 minutes ago, matthefish2002 said: A new owner will be hard to come by if we need £100k per day to keep going. All that money spent and we are worse off then we were 5 years ago. We don’t need 100k a day to keep going. That figure equates to what he has spent so far. If the time comes DC has had enough, he’ll sell to recoup some of losses. 2 Link to comment Share on other sites More sharing options...
Dick_Turpin Posted June 30, 2020 Share Posted June 30, 2020 31 minutes ago, daveyboy66 said: Dont worry Dem Ten Bob Millionaire's will save us before you know it Roomie and his mates will be VIPs again Bingo - that’s the phrase I was waiting for. 1 Link to comment Share on other sites More sharing options...
Eastern Posted June 30, 2020 Share Posted June 30, 2020 34 minutes ago, DJMortimer said: Last year, the stadium sale prevented a net loss of something like £35m. The year before that is was £20m. When this year's accounts are published in a few weeks, it will probably be something similar. The league's P & S regulations permit a total deficit of £39m over a rolling three year period. What's to worry about? The losses will be down, based on wage bill being cut (Hooper, Abdi would have been on a fair few quid). Plus we made the sale of Joao. Plus isn’t FFP being over looked for next season based on gate receipts being impacted? Link to comment Share on other sites More sharing options...
pazowl55 Posted June 30, 2020 Share Posted June 30, 2020 45 minutes ago, @owlstalk said: £100k a day A DAY Even though I knew this, being reminded of it shows the kind of mindblowing figures being spent to run the club £100k a day That's more than Niall out of One Direction earns We are not losing that now though are we, that is just what it works out at over the entire time if you account for all the bad signings and lack of sales. 1 Link to comment Share on other sites More sharing options...
pazowl55 Posted June 30, 2020 Share Posted June 30, 2020 6 minutes ago, Eastern said: We don’t need 100k a day to keep going. That figure equates to what he has spent so far. If the time comes DC has had enough, he’ll sell to recoup some of losses. Ha ha didnt see this before writing the same. Link to comment Share on other sites More sharing options...
Minton Posted June 30, 2020 Share Posted June 30, 2020 18 minutes ago, devonshire owl said: How can they ask for loyalty bonus!! This remarkable new invention called "a contract". Link to comment Share on other sites More sharing options...
hasthagotanycheese Posted June 30, 2020 Share Posted June 30, 2020 8 minutes ago, Ellis Rimmer said: I just think he has made mistakes but I don't want to drive him out of the club, he will feel it more than anyone You wont drive him out of the club. Given the size of the losses he is stuck with us & we are stuck with him. The most likely options are: 1 DC keeps funding the club and eventually gets to the Prem somehow. 2 DC keeps funding the club but goes broke meaning that it will be available for somebody to buy out of admin. 3 DC finds a bigger fool with even deeper pockets who is prepared to pay him his asking price. Given the likely asking price I would say that person doesn't exist. Link to comment Share on other sites More sharing options...
billyblack Posted June 30, 2020 Share Posted June 30, 2020 Why else try and flog 10 year season tickets. Whole thing reeked of desperation. 2 2 Link to comment Share on other sites More sharing options...
TrueOwl Posted June 30, 2020 Share Posted June 30, 2020 (edited) Imagine how crap our squad would be if we cut our cloth according, we’d probably be bottom of league two if we spent sustainably in proportion to our revenue. Edited June 30, 2020 by TrueOwl 1 Link to comment Share on other sites More sharing options...
DJMortimer Posted June 30, 2020 Share Posted June 30, 2020 11 minutes ago, Eastern said: The losses will be down, based on wage bill being cut (Hooper, Abdi would have been on a fair few quid). Plus we made the sale of Joao. Plus isn’t FFP being over looked for next season based on gate receipts being impacted? The sale of Joao came well after the sale of Hillsborough, so wouldn't have played a part in the original consideration of the bottom line. But it might have been part of the motivation for agreeing to the deal later on. Without the accounts it's difficult to estimate. As for P&S the rules will have to be heavily revised at the very least. I don't believe it has been confirmed yet that this year will be voided in those terms. If they do that, some clubs could be tempted for a one year sh*t or bust spendathon. Link to comment Share on other sites More sharing options...
Guest Ronson Posted June 30, 2020 Share Posted June 30, 2020 Not sure what I find more concerning to be honest, the bloke haemorrhaging money like this or people thinking it's funny. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now