I am confused

[Cricko]

RM did say that with the Wembley money coming in we would break even this season..I don't know how much we took or get from ticket sales but if we sold 31,000 and had say £10 out of each ticket that is 310k.The merchandise must of raked in 50k. There must also of been at least 1000 new season ticket renewals at £350 so that is another 350k.

I am taking the worse figures possible here but that adds up to 710k, so why are we 2 weeks late in paying players and owning monies elsewhere that keeps us under an Umbongo.

Where on earth has all that money gone to leave us in such a state pre-season?

 

[Ayrshire Blue]

RM did say that with the Wembley money coming in we would break even this season..I don't know how much we took or get from ticket sales but if we sold 31.000 and had say £10 out of each ticket that is 310k.The merchandise must of raked in 50k There must also of been at least 1000 new season ticket renewals at £350 so that is another 350k.

I am taking the worse figures possible here but that adds up to 710k, so why are we 2 weeks late in paying players and owning monies elsewhere that keeps us under an Umbongo.

Where on earth has all that money gone to leave us in such a state pre-season?

The 6 months wages Brown demanded up front.

 

[Cricko]

The 6 months wages Brown demanded up front.

Maybe partly the case but 10k a month is only 60k out of that huge pot.

 

[chapperzUK]

We may have sold 31,000 but we don't keep all of it as we split it with Crewe.

 

[Cricko]

We may have sold 31,000 but we don't keep all of it as we split it with Crewe.

I only allowed £10 a ticket.

 

[Cricko]

On top of that money going we have also had to get more money from good old Sainsbury's in to cover the Taxman.

 

[dannypav]

Makes you wonder what state we would have been in if we hadn't got to Wembley !

 

[Cricko]

Makes you wonder what state we would have been in if we hadn't got to Wembley !

Doesn't it just, but what happened to all this money we got at the end part of the season?

 

[united we stand]

RM did say that with the Wembley money coming in we would break even this season..I don't know how much we took or get from ticket sales but if we sold 31.000 and had say £10 out of each ticket that is 310k.The merchandise must of raked in 50k There must also of been at least 1000 new season ticket renewals at £350 so that is another 350k.

I am taking the worse figures possible here but that adds up to 710k, so why are we 2 weeks late in paying players and owning monies elsewhere that keeps us under an Umbongo.

Where on earth has all that money gone to leave us in such a state pre-season?

I had exactly the same thoughts . that.http://www.bbc.co.uk/sport/0/football/21532577
MY conclusions are

• Ron said we would break even (more or less)- I assume he means for the tax year
• Therefore all of the money has gone
• So we are 'back to normal' with Ron securing funding at the last possible moment.
  • Now that we are in preseason Ron does not consider paying players a priority

Our business plan is stil to borrow money at the latest possible time.

 

[southend4ever]

Is brown on £10k a month cricko or is that an educated guess?

 

[rararblue]

Basically means that by getting us to Wembley and bringing in the extra cash that PS saved our bacon!

 

[united we stand]

We may have sold 31,000 but we don't keep all of it as we split it with Crewe.

we get 45% after Wembley expenses. Ron is quoted as expecting Wembley to make us £300-350,000, but that was early in the ticket sales and surely the amount we sold was higher than expected ?, maybe the Crewe ticket sales were fewer than expected? . Personally I thought we would have made more.

 

[Cricko]

I had exactly the same thoughts . that.http://www.bbc.co.uk/sport/0/football/21532577
MY conclusions are

• Ron said we would break even (more or less)- I assume he means for the tax year
• Therefore all of the money has gone
• So we are 'back to normal' with Ron securing funding at the last possible moment.
  • Now that we are in preseason Ron does not consider paying players a priority

Our business plan is to borrow money at the latest possibel

But gone where, what changed so much that we spent so much?

 

[Cricko]

Is brown on £10k a month cricko or is that an educated guess?

Just a guess mate.

 

[united we stand]

But gone where, what changed so much that we spent so much?

because if we had not got the Wembley money we would have borrowed the money instead.

Thats my point, the Wembley money does not mean that we actually have an additional £350,000 (or whatever), it simply means that our debts are now £350,000 less than they would have been had we not got to Wembley.

Ron therefore did not borrow this amount,'secure funding' , arrange more credit from Sainsbury whatever - its all the same thing and will not do so until the last possible moment-- business as normal

 

[Cricko]

because if we had not got the Wembley money we would have borrowed the money instead.

Thats my point, the Wembley money does not mean that we actually have an additional £350,000 (or whatever), it simply means that our debts are now £350,000 less than they would have been had we not got to Wembley.

Ron therefore did not borrow this amount,'secure funding' , arrange more credit from Sainsbury whatever - its all the same thing and will not do so until the last possible moment-- business as normal

Its all about cash flow though not borrowing as people state to me on various occasions on here...So I will ask it another way, what changed that we spent so much money (cash) on in the later part of the season?

 

[Smiffy]

I'm sure it will be all be made clear in next years accounts...

 

[dannypav]

I had exactly the same thoughts . that.http://www.bbc.co.uk/sport/0/football/21532577
MY conclusions are

• Ron said we would break even (more or less)- I assume he means for the tax year
• Therefore all of the money has gone
• So we are 'back to normal' with Ron securing funding at the last possible moment.
  • Now that we are in preseason Ron does not consider paying players a priority

Our business plan is stil to borrow money at the latest possible time.

Does Ron have a 'tax year' ?

 

[Cricko]

Does Ron have a 'tax year' ?

Well he is late again with the current ones that were due to be put in..so who knows.

 

[Jam_Man]

I've raised the same point on a couple of occasions where finances have been discussed.

We were meant to break even so this is one close season you would hope we would be in a better position.

Scary how unable to cope we are even with a massive cash injection like that.