Pot Kettle Black

Printable View

Show 40 post(s) from this thread on one page

11/12/2007, 6:30 PM
gufct

yes we lost �80k but this was cleared by our board of Directors.We have a budget worked out for next season since the end of last season which has been costed with variables including a drop in saeson ticket sales if that happens.

We have Corporate Season Tickets Priced at �500 and Gold Corporate Season Tickets priced at �1,500 which should make up any loss in revenue on ordinary ticket slippages if that happens.The club has moved onto another level in the last 2 seasons and id say our off field performance last year was tops in the league and any other Premier club would be delighted to keep their losses as low as we have.

The wage cap and Licencing is the saviour if properly applied for all clubs in the league.
11/12/2007, 8:37 PM
Student Mullet

Quote:

Originally Posted by pete

65% of turnover may only be spent on wages. No idea what definition of revenue will be.

That's fine then. If a club can afford 150,000 per player then let them go ahead. If Drogs can afford under 100,000 then let them pay that. Everyone will stick to their budget and no club will go bankrupt again.
11/12/2007, 9:44 PM
pineapple stu

Quote:

Originally Posted by gufct

yes we lost �80k but this was cleared by our board of Directors.We have a budget worked out for next season since the end of last season which has been costed with variables including a drop in saeson ticket sales if that happens.

We have Corporate Season Tickets Priced at �500 and Gold Corporate Season Tickets priced at �1,500 which should make up any loss in revenue on ordinary ticket slippages if that happens.The club has moved onto another level in the last 2 seasons and id say our off field performance last year was tops in the league and any other Premier club would be delighted to keep their losses as low as we have.

The wage cap and Licencing is the saviour if properly applied for all clubs in the league.

That's a proper bull**** answer - didn't actually answer the question at all.

Any Premier Division club would be delighted to have losses as low as yours?! Pull the other one. From the CRO, Cork made a profit of E70k to August '05 (must get me a few more recent accounts, though can't see how the overall league picture will have changed significantly), Bray made a loss of E1k to December '05, Waterford made a loss of E36k to October '05 and we made a loss of E11k in 2005. In the First Division, Kildare and Kilkenny both turned profits. So you can keep your self-important guff about how great your off-field performance was.

You're hoping on selling Gold Corporate tickets at E1,500 a pop to add an extra E300k to the budget? An extra 200 of them (assuming they were done last year; think I remember youz doing something similar last year)? That's rather a challenge.

Am I right in thinking that youz've said before that last year is the only year your losses are guaranteed?
11/12/2007, 9:45 PM
TonyD

Strange, isn't it, that Johnny Mac was in the papers over the weekend saying much the same thing - "other clubs offering silly money" "we won't break our wage structure " etc, etc. Kind of begs the question, if it ain't the Drogs and it aint Pats, then who are these clubs offering "silly money" It only really leaves Bohs and Cork, and I'm sure they'd both deny it(before fans of either, or both, jump down my throat.) So what's going on ? Surely managers couldn't be telling little porkies, and putting a bit of a spin on things, could they ?:eek:
11/12/2007, 10:01 PM
gufct

Quote:

Originally Posted by TonyD

Strange, isn't it, that Johnny Mac was in the papers over the weekend saying much the same thing - "other clubs offering silly money" "we won't break our wage structure " etc, etc. Kind of begs the question, if it ain't the Drogs and it aint Pats, then who are these clubs offering "silly money" It only really leaves Bohs and Cork, and I'm sure they'd both deny it(before fans of either, or both, jump down my throat.) So what's going on ? Surely managers couldn't be telling little porkies, and putting a bit of a spin on things, could they ?:eek:

Well Bohs fans went ballistic when it was suggested they were offering �2,500.00 to ordinary players and it cant be Cork as the Times reported last week that they lost over �1m last year(stu collapses) so who is it that has all this silly money :confused::eek:
11/12/2007, 10:10 PM
gufct

Quote:

Originally Posted by pineapple stu

That's a proper bull**** answer - didn't actually answer the question at all.

Any Premier Division club would be delighted to have losses as low as yours?! Pull the other one. From the CRO, Cork made a profit of E70k to August '05 (must get me a few more recent accounts, though can't see how the overall league picture will have changed significantly), Bray made a loss of E1k to December '05, Waterford made a loss of E36k to October '05 and we made a loss of E11k in 2005. In the First Division, Kildare and Kilkenny both turned profits. So you can keep your self-important guff about how great your off-field performance was.

You're hoping on selling Gold Corporate tickets at E1,500 a pop to add an extra E300k to the budget? An extra 200 of them (assuming they were done last year; think I remember youz doing something similar last year)? That's rather a challenge.Am I right in thinking that youz've said before that last year is the only year your losses are guaranteed?

Our gates and season tickets wouldnt make up 30% of our income stu so we have to be very professional in our fundraising.Never said we expected to make the extra �300k from season tickets we have a fully costed Budget and one of the biggest variables is season ticket sales and gates so we have to maximise all revenue streams .

If you think that el clubs are running close to break even your living in cloud cuckoo land the tuesday after the cup final Emmet Malone had an article about how Cork expected to make losses of close to �1m and they sold 2 players for record fees and won the cup .
11/12/2007, 10:24 PM
pineapple stu

Quote:

Originally Posted by gufct

If you think that el clubs are running close to break even your living in cloud cuckoo land

Yeah, I only quoted from audited, filed company accounts. :rolleyes:
11/12/2007, 11:10 PM
gordongekko

Quote:

Originally Posted by pineapple stu

Yeah, I only quoted from audited, filed company accounts. :rolleyes:

What did those accounts say about shelbourne?
12/12/2007, 12:37 AM
Student Mullet

Quote:

Originally Posted by gordongekko

What did those accounts say about shelbourne?

The auditors refused to sign shels' accounts.
12/12/2007, 6:24 AM
Claret Murph

Quote:

Originally Posted by pineapple stu

You made a loss last yaer of E80k, and are now increasing your budget by E300k. Where's the balance coming from, if you don't mind me asking?

The club can see that a short fall and I can't see them selling as many season tickets as last year but they do hope to get two premiership clubs over to play at Terryland one in Feb and the other during race week they made 230,000 Euro from the Sunderland game last season and the club sees these matches as big earners ......
12/12/2007, 10:13 AM
pete

Fenn signed for Bohs last year as they offered him more money - I am sure he would have one of the higher earners at City.

Cork City have budgeted to lose 1m next season. Budgeting means you have the money to lose 1m but I am sure owners do not expect to lose that money.

Can we get back on topic bashing Drogs? :p
12/12/2007, 11:11 AM
gufct

No because the Drogs live within their means and Budget Of course :D
12/12/2007, 11:39 AM
Student Mullet

Quote:

Originally Posted by pete

Fenn signed for Bohs last year as they offered him more money - I am sure he would have one of the higher earners at City.

Cork City have budgeted to lose 1m next season. Budgeting means you have the money to lose 1m but I am sure owners do not expect to lose that money.

Can we get back on topic bashing Drogs? :p

If you don't mind me asking, what's all the money being spent on?

If you're paying 65% of your revenue on players that leaves another 35% plus the million euro loss you're planning to be spend on other expenses. For the sake of the argument, that's about 1.5 million being spent on non footballing expenses, which seems a lot.
12/12/2007, 12:09 PM
Schumi

Quote:

Originally Posted by Student Mullet

If you don't mind me asking, what's all the money being spent on?

If you're paying 65% of your revenue on players that leaves another 35% plus the million euro loss you're planning to be spend on other expenses. For the sake of the argument, that's about 1.5 million being spent on non footballing expenses, which seems a lot.

That �1m is presumably being covered by the new owners and probably counts as income so 65% of it can be spent on players.
12/12/2007, 12:53 PM
Steve Bruce

Where would Linfields budget be in the LOI?

We spent nearly �600k in wages alone.

However we did make well over �100k
12/12/2007, 12:59 PM
ifk101

Quote:

Originally Posted by Steve Bruce

Where would Linfields budget be in the LOI?

We spent nearly �600k in wages alone.

However we did make well over �100k

I'd guess that Cork, Bohs, Derry, Drogheda, Galway and Pats would be above that wages figure. Possibly Sligo as well.

And it's my guess before somebody gets all flustered.
12/12/2007, 1:06 PM
Schumi

Galway quoted above as having a wage bill of �650k last season, significantly less than �600k
12/12/2007, 2:26 PM
BobtheDrog

word is that this all stems from killian brennan who was demanding a wage higher than any other player at the club, since he's since signed for bohs i would guess that they are the team that these comments are being aimed at
12/12/2007, 2:31 PM
dcfcsteve

Quote:

Originally Posted by gufct

any other Premier club would be delighted to keep their losses as low as we have.

Nonesnese.

A number of Premier clubs don't even make a loss to start with !
12/12/2007, 2:40 PM
Steve Bruce

Quote:

Originally Posted by ifk101

I'd guess that Cork, Bohs, Derry, Drogheda, Galway and Pats would be above that wages figure. Possibly Sligo as well.

And it's my guess before somebody gets all flustered.

So about middle?

Obviously if their was an all island league, then our budget would go up considerably.

Still shows the difference in value of player in each league.

Show 40 post(s) from this thread on one page