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SWFC Accounts Published


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5 hours ago, ANDY said:

Material uncertainty related to going concern
We draw attention to note 1.2 in the financial statements, which indicates that additional funding will be required to enable the company to continue in operational existence. 

TBF That's all we needed DC to do. State that he's going to fund the club. The numbers are bad, but as long as he says he's funding the losses we fight another day.

 

It's no surprise the accounts are released in the same week he's paid the back log of players wages.

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20 minutes ago, IanSWFC1867 said:

I don’t know what’s more frustrating, Chansiri’s running of the club or the constant pop-ups firing off on The Star’s website!

 

lol

 

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15 minutes ago, Teddy Nickelarse said:

Yes let's get back to the pre-season buzz, talking about incomings, rebuilding the squad, soundbites from trading, pre-season games etc. Ok we'll not be signing 'name' players but the recruitment route that we seem to be going down brings it's own kind of excitement. Bring it on. 

Today has been a good day after far, far, far too many bad ones but now that it really looks that we'll be in existence next season I'll be renewing my season ticket tomorrow.

Think you have missed the first cut off date for season ticket renewals

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163 grand a week Rhodes ,Bannan ,Westwood, Lees, Brown and Reach was getting between them 

 

163 grand a week 

 

And some of these players are apparently heroes :tango:

 

 

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2 minutes ago, Sticky Micky said:

163 grand a week Rhodes ,Bannan ,Westwood, Lees, Brown and Reach was getting between them 

 

163 grand a week 

 

And some of these players are apparently heroes :tango:

 

 

It's an utterly ludicrous amount to pay them... and not remotely their fault for accepting it.

 

Just like the crazy wages offered to the O'Donnelly's - that reflected badly on Dave Richards, not the Scots (rubbish as they were).

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Posted (edited)
3 minutes ago, Dooogs said:

It's an utterly ludicrous amount to pay them... and not remotely their fault for accepting it.

 

Just like the crazy wages offered to the O'Donnelly's - that reflected badly on Dave Richards, not the Scots (rubbish as they were).

No I don't blame them for accepting them 

 

But when I see Reach half ar5ed walking about the pitch and then knowing he is getting paid over 20 thousand pounds a week ,it makes me angry 

 

Show some bloody pride 

 

Everyone whose earning over 10k a week should be up for transfer 

 

Not one player in the team  warrants that sort of pay 

Edited by Sticky Micky
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17 minutes ago, Dooogs said:

It's an utterly ludicrous amount to pay them... and not remotely their fault for accepting it.

 

Just like the crazy wages offered to the O'Donnelly's - that reflected badly on Dave Richards, not the Scots (rubbish as they were).

O’Donnell (rip), Donnelly and Scott… crikey they were poor signings

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2 hours ago, @owlstalk said:

 


That would honestly make me the happiest person

 

Am absolutely sick to death of hearing about our chairman/exploit/messes and just wanna talk about free kicks, tackles, shirts, players etc again

 

Agree 100%

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1 hour ago, @owlstalk said:

 

Good stuff mate - fully agree


If Chansiri could just give us a break and a rest from the madness i could open up the 'boardroom' section of this site and put all the chairman/politics in that again out of the way

Hopefully not far off that happening 👍

That's a risky move on here by anyone's standards! lol

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The most significant note is this:

 

"The owner has confirmed that sufficient financial support will be made available to enable the Company to meet its obligations as they fall due for a period of not less than 12 months from the date of approval of the financial statements. The director acknowledges that this support is not legally binding and is dependent on the availability of funding from the owner. Therefore, a material uncertainty exists which may cast doubt over the company's ability to continue as a going concern and, therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business. Nevertheless, after making enquiries and considering the funding requirements of the Company, the director is confident that funding will be made available and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly he continues to adopt the going concern basis in the preparation of the financial statements."

 

The rest of the accounts show that SWFC will depend upon more funds (either loans or share capital) from the Director.

 

Those funds appear to have been released if creditors, including players, have been paid. 

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3 hours ago, i used to be sc_owl said:

Just some rough and ready calculations but the average wage for the first team squad must have been about £20k p/w. Crazy. 

The £30m is for the total of 283 employees, of which the first team numbered about 28?  By your reckoning that takes up £29m so not much left for the Coach, his staff and the other 250 employees!  Would £12k average be nearer the mark?  Still overpaid for the results achieved.

National newspapers claimed Marriott was on 18k a week at Derby but that does not necessarily mean that we were paying his full salary.  That was for the 20-21 accounts of course.

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3 hours ago, unkastav said:

O’Donnell (rip), Donnelly and Scott… crikey they were poor signings

 

And we were paying them more than we are paying players now. A lot more. Over 20 years ago. Let that one sink in...

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2 minutes ago, Swingin' Sixties said:

The £30m is for the total of 283 employees, of which the first team numbered about 28?  By your reckoning that takes up £29m so not much left for the Coach, his staff and the other 250 employees!  Would £12k average be nearer the mark?  Still overpaid for the results achieved.

National newspapers claimed Marriott was on 18k a week at Derby but that does not necessarily mean that we were paying his full salary.  That was for the 20-21 accounts of course.

 

The average championship player is on £29k per week. We are bang average on wage outlay per player staggeringly.

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