Smirking_Saint Posted 8 April, 2011 Share Posted 8 April, 2011 You might want to check out the new song before committing support for it... How does the new song go ? Link to comment Share on other sites More sharing options...
Gaucho Posted 8 April, 2011 Share Posted 8 April, 2011 "part of me is happy to enjoy the benefit of having a benefactor putting money in to the Club, but another part thinks that perhaps we should be looking to be self sufficient and not living above our means" Surely thats what we are trying to do, we just cannot do it in a year, therefore I don't think the time to be concerned is right now. Link to comment Share on other sites More sharing options...
aintforever Posted 8 April, 2011 Share Posted 8 April, 2011 It makes no sense for a league 1 club owned by billionaires to live within it's means, I don't know why anyone expected the books to be balanced. To get where Cortese wants us to be in under 5 years serious money has to be invested. I doubt a return will be expected until we reach the Prem. It's right to keep an eye on the finances and question the amount of debt because we could easily end up in a similar situation to pompey but at the moment there is no cause for concern. Link to comment Share on other sites More sharing options...
Dark Munster Posted 9 April, 2011 Share Posted 9 April, 2011 Exactly....ergo, best to report a loss (on paper).... I think this could well be close to the mark why that's true .... On the other hand maybe these figures will stop all the other clubs extracting the urine every time we try to buy a player...... Link to comment Share on other sites More sharing options...
doddisalegend Posted 9 April, 2011 Share Posted 9 April, 2011 I have spoken of football matters on here many times. In fact, my last posts on here before this were about the 1980 match against Ipswich which ended 4-3. Yes, in my opinion you do have an agenda, and have had since Cortese took charge. Your nose has been shoved in the dirt far too many times for you to resist this opportunity. You have taken these accounts and given them a headline. You didn't just provide a link so people could digest and discuss, YOU made the headlines. Those headlines are driven by your agenda that you have against Cortese. I apologise for not realising that these accounts have just been made available. It does make me wonder how you just happen to come across them the same day they were published (or for accuracy, maybe one day later). I guess it was just pure coincidence that you were purusing the companies House website and luckily came aross them? I don't need an apology from you Steve, I am happy to step out of the way and let this mess that you created spiral into another negative summer for the Saints. Another summer where forum members are diverted from what is going on the field to what is going on behind the scenes and drawing out every little detail until such a time that everyone that has a monetary interest in this club are driven from it. Maybe SISA will take us over this time like they did with Coventry, aren't we lucky that never happened? Aren't you glad that those conmen from a semi detatched house in London never took us over? Aren't you glad we didn't go into admin again? Aren't you glad we're not being run like that mob down the road? ML said he will walk with us through the hard times and support us financially when it got rough. And when I look down and I see only one set of footprints, that isn't where he stole from us or conned us out of money nor stung us for a loan, those footprints are where he carried us my friend. And now you look at those footprints after he is deceased and you question the man who cxarried your club for you. With the full and conscious knowledge that he cannot answer you. this is an unfair thread. It is an unfair slant and biased headlines bent on destabalising Cortese. BUT, in order to point the finger at Cortese, you have to disrespect the dead, and that is what you have done Steve. And so, accept my apology and whilst you sit there smug in the knowledge that I got it wrong on the dates, remember this, you are trying to disrespect ML and the legacy he left. And so, as I walk away I applaude you teve, I applaude you because I have rarely met someone who is willing to F**K this club over in order to snare Cortese on the back of accounts managed by the deceased, and the deceased that have no ability to respond... clap, clap, clap My god we really do attract our fair share of odd fans at this club.......................... Link to comment Share on other sites More sharing options...
um pahars Posted 9 April, 2011 Share Posted 9 April, 2011 What I meant by not relying on turnover alone is that it would be very difficult to formulate a plan to get back to prem in such a short time frame without having the financial support. I think you're right in that if we want to get places fast, then we will probably have to rely on cash injections from the owners to gain a competitive advantage over our rivals and as I mentioned yesterday a part of me can easily see the positives associated with this, success on the pitch, feelgood factor, promotions, increased attendances etc. However, that doesn't stop me having a bit of an issue with regards the morality of gaining that competitive advantage and the potential consequences (no matter how remote) of living beyond our means (after all "we" have been quick to have a pop at others in a similar situation). Then again, when the goals are flying in and we're poised to go up (fingers crossed) your moral compass takes a beating!!!!! Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 9 April, 2011 Share Posted 9 April, 2011 I have spoken of football matters on here many times. In fact, my last posts on here before this were about the 1980 match against Ipswich which ended 4-3. Yes, in my opinion you do have an agenda, and have had since Cortese took charge. Your nose has been shoved in the dirt far too many times for you to resist this opportunity. You have taken these accounts and given them a headline. You didn't just provide a link so people could digest and discuss, YOU made the headlines. Those headlines are driven by your agenda that you have against Cortese. I apologise for not realising that these accounts have just been made available. It does make me wonder how you just happen to come across them the same day they were published (or for accuracy, maybe one day later). I guess it was just pure coincidence that you were purusing the companies House website and luckily came aross them? I don't need an apology from you Steve, I am happy to step out of the way and let this mess that you created spiral into another negative summer for the Saints. Another summer where forum members are diverted from what is going on the field to what is going on behind the scenes and drawing out every little detail until such a time that everyone that has a monetary interest in this club are driven from it. Maybe SISA will take us over this time like they did with Coventry, aren't we lucky that never happened? Aren't you glad that those conmen from a semi detatched house in London never took us over? Aren't you glad we didn't go into admin again? Aren't you glad we're not being run like that mob down the road? ML said he will walk with us through the hard times and support us financially when it got rough. And when I look down and I see only one set of footprints, that isn't where he stole from us or conned us out of money nor stung us for a loan, those footprints are where he carried us my friend. And now you look at those footprints after he is deceased and you question the man who cxarried your club for you. With the full and conscious knowledge that he cannot answer you. this is an unfair thread. It is an unfair slant and biased headlines bent on destabalising Cortese. BUT, in order to point the finger at Cortese, you have to disrespect the dead, and that is what you have done Steve. And so, accept my apology and whilst you sit there smug in the knowledge that I got it wrong on the dates, remember this, you are trying to disrespect ML and the legacy he left. And so, as I walk away I applaude you teve, I applaude you because I have rarely met someone who is willing to F**K this club over in order to snare Cortese on the back of accounts managed by the deceased, and the deceased that have no ability to respond... clap, clap, clap And this is why freedom of speech is flawed... Link to comment Share on other sites More sharing options...
dubai_phil Posted 9 April, 2011 Share Posted 9 April, 2011 Headline figures (rounded): Turnover £14.3m (£800k broadcasting, £10m matchday, £3m corporate) Operating Loss £6.7m Overall Loss (including player trading, interest, tax, etc) £7.8m Cash in the bank £2.6m Debtors £1.9m Short-term creditors £7m (£1.7m trade creditors, £800k tax/NI, accruals/deferred income £3.9m) Long-term creditors £14.6m (amounts owed to group undertakings £6m, loan from shareholder £8.4m - both stated as being due "in more than five years") Wage bill £10.9m, £12.3m if you include social security and pension costs Highest-paid director £105,870 Transfer fees spent since 30th June 2010 £1.3m, no transfer revenue My final comment for the thread. Interesting Long Term Creditor combined total for those with long memories of some of the figures bandied around during admin Liverpool, & leverage, spring to mind, although no idea if that is the case in actuality Technically speculatively that could really make us NC's toy Link to comment Share on other sites More sharing options...
Lord Duckhunter Posted 9 April, 2011 Share Posted 9 April, 2011 Actually all the Chelsea fans I know are worried about what would happen if abramovich lost interest. What if he passed away, then surely the Chelsea supporters would have even more concerns. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 9 April, 2011 Share Posted 9 April, 2011 What if he passed away, then surely the Chelsea supporters would have even more concerns. Most of them would probably simply lose interest anyway. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 9 April, 2011 Share Posted 9 April, 2011 What if he passed away, then surely the Chelsea supporters would have even more concerns. Most of them would probably simply lose interest anyway. In 1995 as an 11th placed Premier League team, Chelsea averaged lower crowds than Saints are currently in League One. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 9 April, 2011 Share Posted 9 April, 2011 In 1995 as an 11th placed Premier League team, Chelsea averaged lower crowds than Saints are currently in League One. Well yes, all Abramovitch's money has brought them many plastic supporters. I remember back in 2003 when he bought them out and started buying expensive players people suddenly became Chelsea "fans". Link to comment Share on other sites More sharing options...
VectisSaint Posted 9 April, 2011 Share Posted 9 April, 2011 In 1995 as an 11th placed Premier League team, Chelsea averaged lower crowds than Saints are currently in League One. Wasn't that during the period when the North Stand had been demolished before the Matthew Harding Stand was built, when they had the painting of supporters behind the goal. If so then the capacity at the time was considerably less than SMS today. It was also before Abramovich took over when Chelsea were a very average team. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 9 April, 2011 Share Posted 9 April, 2011 Wasn't that during the period when the North Stand had been demolished before the Matthew Harding Stand was built, when they had the painting of supporters behind the goal. If so then the capacity at the time was considerably less than SMS today. It was also before Abramovich took over when Chelsea were a very average team. Their attendances in the 14 years before that were even lower. Link to comment Share on other sites More sharing options...
Frank's cousin Posted 9 April, 2011 Share Posted 9 April, 2011 .... plenty of Certified accountants on here I see..... We simply dont know what the terms are... looks to me like the original cost of aquiring the club has been factored in, as has some up front cash to rebuild the team... which has probably come from a 'company' set up by ML to 'loan' the cash to club for simple tax reasons... who knows. Its alos probably that this company or trust set up by ML will be paid back when in the prem as we become self financing or are sold... I dont know, but I dont think we need to worry. Link to comment Share on other sites More sharing options...
benjii Posted 9 April, 2011 Share Posted 9 April, 2011 My final comment for the thread. Interesting Long Term Creditor combined total for those with long memories of some of the figures bandied around during admin Liverpool, & leverage, spring to mind, although no idea if that is the case in actuality Technically speculatively that could really make us NC's toy TBF though, you don't have a clue do you? Link to comment Share on other sites More sharing options...
dune Posted 9 April, 2011 Share Posted 9 April, 2011 John Smith has smoked far too much crack. What a loon! Or possibly hasn't smoked enough. Link to comment Share on other sites More sharing options...
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