Club accounts

[TJHValiant]

1 hour ago, Walka003 said:

All loans too carol and or related companies are interest free, according to the notes. So none of the losses relate to interest owed to Carol or her kids.

You have missed out page 9 that refers to the loans owed to creditors after 1 year.

Those sentences refer to short term loans only  repayable within a year at 0%. Effectively that’s 1 year interest free. 

The Barclays loan at 2.5% and others are detailed at Page 9 under point 7 under amounts due after 1 year. 

That is debt to the club, not Carol as these are club accounts. 
 

[Nippy Naylor]

1 hour ago, Smallthorne clampet said:

Be lots of casual and part time staff in there , but even so , if you are losing money , perhaps reducing staff might be the better option .

Yeah there maybe is lots of staff  but you hardly ever see any in the club shop 

The vale just isn't being run properly

Get rid of the analysis people , sports scientists, and whoever else does sod all and gets a wage 

 

[Bycarsbill]

12 minutes ago, Walka003 said:

I'd echo Joe's point above. The numbers look scary, but it's not out of the ordinary. Clubs with positive balance sheets are very much in the minority. As long as someone is willing and able to prop you up, it's basically the route you have to take.

Despite all the criticism, it is heartening that the Shanahans are willing to "prop us up" to the tune of a further almost £3m loan.  An almost scary £5.2 million was owed (in June 2023, so it will, I suspect, be more now) to "Group undertakings" so I, for one say thank you to the owners for their largesse.

One interesting observation is the increase of nearly 30% in the number of people employed by the PV company. A business that is losing such large amounts would normally be looking to shed jobs to make savings, not increasing employee numbers by almost a third!  It would be interesting to know which of the company's activities these jobs have been added?

[ginginator]

1 hour ago, werstayinup said:

According to Carol all of the board agreed that any transfer fees the majority will go back into the playing side,so if we manage to drag in any big sell ons from the young uns sold or fees for any of our players in the future,then we could follow the Peterborough model i guess

Why the Peterborough model? They have struggled to make it work. Yes they have sold players for money, but they have spent all of it also. 

They seem to be another Rotherham, Champ one year then Lg1 when they cannot compete again.  

Peterborough United co-owner regrets investment fund debt - BBC Sport

WWW.BBC.CO.UK

 

[Nippy Naylor]

1 hour ago, JoeB2 said:

Carol knows she’s never seeing that money again. 

Wonder if Dono will buy it eventually 👍

[TJHValiant]

Just now, ginginator said:

Why the Peterborough model? They have struggled to make it work. Yes they have sold players for money, but they have spent all of it also. 

They seem to be another Rotherham, Champ one year then Lg1 when they cannot compete again.  

Peterborough United co-owner regrets investment fund debt - BBC Sport

WWW.BBC.CO.UK

 

If we emulated Rotherham and Peterborough I would be ecstatic. 

[Bycarsbill]

1 hour ago, JoeB2 said:

Carol knows she’s never seeing that money again. 

Perhaps some of the worst critics who make some of the vilest comments about her, should bear this fact in mind?!  Okay, she's got some (many?) things wrong, but that's a massive financial crutch she is providing to keep the club afloat!

[MelbourneValiant]

1 hour ago, TJHValiant said:

Yet it is an industry where the workers take home big wages. Even in league 2. Where else would uneducated men like Ryan Loft get £3,000 + a week for being awful? 
 

On Wednesday I spent £27 plus programme and food to watch what was an evening of non entertainment. I can’t think of any other circumstance with life where I would spend that sort of money for nothing in return, let alone a whole season in doing it. 

I just deleted what I want to say which is directed towards the Prem, the FA, FIFA.

Accept it as rant rant rant rant. 🤣

[For Us All]

319 staff seem a lot?

[Fosse69]

If we emulated Rotherham and Peterborough I would be ecstatic. 

Posh squad quoted as £40M, no wonder we struggled.

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[Fosse69]

319 staff seem a lot?

How many in full-time employment?

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[rob1983]

So much for being self sustainable.

[Bycarsbill]

Just now, Fosse69 said:

How many in full-time employment?

Sent from my SM-A715F using onevalefan mobile app
 

It's the 30% increase in numbers from the previous year that's the truly amazing figure.  Where have they all been deployed? 

[Fosse69]

So much for being self sustainable.

That is the target, not the situation. With our gates more difficult in L1 than L2.

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[darren1810]

9 minutes ago, For Us All said:

319 staff seem a lot?

Lots and lots of fancy dan job titles with jobs for the boys. Amount of ex Police on the books who are already drawing huge pensions is ridiculous. 

Of course we were woefully under staffed previously but are now inundated with these posts that exist in our current world. 

Diversity and inclusion officer. They'll have an assistant undoubtedly etc etc etc .