81 replies to this topic

[jamescolin]

Fev don't disclose it.

And they're perfectly entitled to do that.

Anyway turnover is not profit and profit is not cash.

[Andrew Vause]

Stadiums owned/run by the council don't generate profits - if they did I think we get 11% or so. The problem is retained revenue and the initial agreement strangled Leigh, the new agreement ensures far greater retained revenues hence we could show an annual profit on reduced gates despite the central fund going to HMRC last year.
Its a pity Daz n Gaz struggle with literacy, are they a local boy band btw.?
The huge benefit LSV has is that it is debt free, so its purely running cost and income. The SL model with 6000 gates generates fantastic cash v costs. Leigh drew 5000 in a disastrous SL season at a dated stadium, with a team that was never going to compete, 6000 is possibly low for LSV projection.
This is all hypothetical of course as Salford will fall into admin and get a provisional licence for 2013.

Mate, check your spelling of Advocator in post 38, then critise them for literacy.

[sidnee]

Nice 1 Mr V

[intheshed]

Fev don't disclose it.

And they're perfectly entitled to do that.

Forgive my naivety, how are you able reach your earlier conclusions re stadium ownership versus renting, 'based on the accounts', if you aren't able to make an accurate assesment of running/maintainence costs against income derived from the stadium? You haven't gone for the overly simplistic club in rented stadium turned a profit, club that owns stadium lost money, therefore......, surely?

[sweaty craiq]

Mate, check your spelling of Advocator in post 38, then critise them for literacy.

sarcasm isn't dead then

[Andrew Vause]

sarcasm isn't dead then

I don't profess to be Wordsworth.

Edited by Andrew Vause, 12 January 2013 - 02:21 PM.

[sidnee]

Wasn't he the dog in 'jamie and the magic torch'?

[Robin Evans]

Get out more sidnee!!!

[sidnee]

Wish I could .(

[jamescolin]

Forgive my naivety, how are you able reach your earlier conclusions re stadium ownership versus renting, 'based on the accounts', if you aren't able to make an accurate assesment of running/maintainence costs against income derived from the stadium? You haven't gone for the overly simplistic club in rented stadium turned a profit, club that owns stadium lost money, therefore......, surely?

Tis a bit confusing from a logtical point of view. I said ealier that buying was always better. Look at you own circumstances. When I was 24 I bought a semi for £1500. Now they are around £160K. If I had rented I would have - just a rent book. In fact it is almost cheaper to buy than rent after the initial deposit. On a balance sheet a fixed asset always is better than none.

[Griff]

Forgive my naivety, how are you able reach your earlier conclusions re stadium ownership versus renting, 'based on the accounts', if you aren't able to make an accurate assesment of running/maintainence costs against income derived from the stadium? You haven't gone for the overly simplistic club in rented stadium turned a profit, club that owns stadium lost money, therefore......, surely?

Three clubs that rent their grounds turn a profit.

One club that owns its ground makes a loss.

It's a helluva correlation.

Edited by Griff, 13 January 2013 - 11:31 AM.

[thundergaz]

Three clubs that rent their grounds turn a profit.

One club that owns its ground makes a loss.

It's a helluva correlation.

I find it irrelevant at the minute Richie while we are upgrading our stadium, youth set ups etc. Once all the off field stuff is done we will see who makes the best profit but until then I don't look into it too much.

[Griff]

I find it irrelevant at the minute Richie while we are upgrading our stadium, youth set ups etc. Once all the off field stuff is done we will see who makes the best profit but until then I don't look into it too much.

I can see that, Gaz.

[intheshed]

Three clubs that rent their grounds turn a profit.

One club that owns its ground makes a loss.

It's a helluva correlation.

Wow, I know its been a turbulent winter but we're down to 4 clubs?!

Without evidence of causation the percieved correlation is no more relevant than an oberservation wininng is obviously not in a clubs best interest. 3 clubs that won nowt in 2011 turned a profit 1 that won the league posted a loss......

[jamescolin]

Three clubs that rent their grounds turn a profit.

One club that owns its ground makes a loss.

It's a helluva correlation.

I fail to find the correlation Griff. One relates to fixed assets or the lack of fixed assets and the other to trading profit and loss. Surely turnover PL and overheards are relevant not whether the club owns its own ground. Its like saying we have a better team than you but you scored more points against Gateshead.

[Griff]

I fail to find the correlation Griff.

If you rent a ground, the rent is the end of your commitment. If the ground needs any work, you point to the landlord and he gets it done.

If you own a ground, you have to pay the mortgage and do the remedial work yourself. It's not all beer and skittles.

[Griff]

Wow, I know its been a turbulent winter but we're down to 4 clubs?!

Send me some money for the search fees and I'll download more clubs' accounts .....

[oldrover]

Send me some money for the search fees and I'll download more clubs' accounts .....

if i send you the train fare will you go away

[Griff]

if i send you the train fare will you go away

I use the ignore function and can recommend it.

[oldrover]

I use the ignore function and can recommend it.

not on me i see. bug ger jeeves, ask griff.