Transfer Embargo, Winding Up Petition & Staff Salary Issues

[CMRandall92]

They do help, but we need several Burns a seasons

 

[Yorkshire Blue]

They certainly help though. We got £175k for Finley-Burns alone

I believe we got an initial £175k for him.

We stand to earn more depending on appearances, sell-ons and the like.

 

[Yorkshire Blue]

I must admit I didn’t look into the share issue at the time (it was obviously a crap financial investment) so how come these shareholders are not registered as members?

@Dubai Not sure if you missed my question or if I missed your response?

You are not entitled to accounts as a “shareholder” that bought those pointless shares that were flogged years ago. They didn’t come with voting rights or any other rights.

 

[Dubai]

@Dubai Not sure if you missed my question or if I missed your response?

I just ignored it tbh mate. Those shares did not offer us anything apart from telling me people “I’m a shareholder”. They will never give us access to the clubs private matters which detailed forecasting/budgeting is…regardless if we support the club or not.

 

[Exiled Shrimper]

There is so much wrong with this post.

Dan Bentley & Jack Payne are more recent examples of players who were established with us, and went on to make names for themselves. Nathan Bishop to Man United (on the bench on Sunday again), Jack Bridge has now come good for us, after a spell away.

I believe @Exiled Shrimper is the man who can help out with the details on the revenue our youth team has brought in through player sales.

This post from November 2020 covered a lot of it:
http://www.shrimperzone.com/forums/...em-and-compensation-thread.89258/post-2301793

During that thread, the figure quoted as being required to be put in by the club to fund the Academy at Category Three was £400k. If that’s accurate, the money made from the sales of Dan Bentley, Jack Payne and Isaac Hayden alone would meet the cost of funding the Academy for almost a decade, and that’s before you consider any others, plus money saved by first team appearances by youth team graduates.

 

[Holy Joe]

I just ignored it tbh mate. Those shares did not offer us anything apart from telling me people “I’m a shareholder”. They will never give us access to the clubs private matters which detailed forecasting/budgeting is…regardless if we support the club or not.

No minority shareholders in most companies are likely to receive detailed forecasting/budgeting or 'private matters'

 

[Dubai]

No minority shareholders in most companies are likely to receive detailed forecasting/budgeting or 'private matters'

What I was trying to say.

 

[Yorkshire Blue]

I just ignored it tbh mate. Those shares did not offer us anything apart from telling me people “I’m a shareholder”. They will never give us access to the clubs private matters which detailed forecasting/budgeting is…regardless if we support the club or not.

Members are entitled to accounts under the Company Act, which I think was the point being raised.

In practice I’m not sure whether even board members are privy to the accounts at the moment.

 

[TrevorFitzpatrickHattrick]

They do help, but we need several Burns a seasons

Burns Unit...

 

[TSG]

Members are entitled to accounts under the Company Act, which I think was the point being raised.

In practice I’m not sure whether even board members are privy to the accounts at the moment.

I'm certain I got at least 1 full accounts sent in the post as a shareholder, at least 2 years late if I recall correctly, but it was so long ago its joined the magna carta as a historical document, don't expect to ever see another one

 

[Stan33]

I

Am i right in saying once the mones comeing in from the drop out of the leauge .Which i beleve is the end of this season .Then surely there will not be a need for the youth set up unless we get promoted .Then that will be differant .

isn’t it 18 months only ?

 

[danbowen]

Isaac Haydn made us an over a million I'm led to believe.

When was that? How much have we made profit from it in the past 10 years? I’d suspect it’s a pretty big loss

 

[danbowen]

FFS two of the current starting XI came through the academy.

If it wasn’t for the money we’d made on Yearwood, Bentley, Payne, Ferdinand, Sayers, Kelman etc who were flogged to pay bills would we even still have a club?

That doesn’t even include those who were sold before they made the first team - Iorfa, Hayden, Murray-Jones, Burns, John etc

The point I was making is the youth set up is a loss making thing no matter how you dress it up. Yes a few players have moved on but take the cost factor of the academy running over the same period and it makes sense to close it down on start the youth program until say 15 for example.

 

[Shrimper]

The point I was making is the youth set up is a loss making thing no matter how you dress it up. Yes a few players have moved on but take the cost factor of the academy running over the same period and it makes sense to close it down on start the youth program until say 15 for example.

It's literally been explained that the money from those transfers has paid for it. So it isn't a loss maker

 

[Holy Joe]

It's literally been explained that the money from those transfers has paid for it. So it isn't a loss maker

I think it made money when we were in th efl - but its not consistent, some years will need funding others there'll be a profit. But now we're non league the EFL grants has reduced (all the way to zero next season) and hence will be, if it isn't already, loss making

 

[kentblues]

Isn't it the case that the EFL goes at the end of this season if we are not promoted?
No doubt gate receipts from Sat helped getting them paid.,,

 

[palexander]

feels like a company I used to work for that was slowly dying. Any money coming in would go to the people shouting loudest until that ran out.

Feels like the youth team got paid today, but would be at the expense of someone else…

 

[Snowy]

How desperate are we as a club when the fans have to start a Go Fund Me page.
How embarassed must the Chairman and Board feel. Actually they probably dont give a flying ****.

 

[JAL]

How desperate are we as a club when the fans have to start a Go Fund Me page.
How embarassed must the Chairman and Board feel. Actually they probably dont give a flying ****.

I wouldn't spread that to the whole board, there is genuine people that care there, they just cannot do much. It's all one man and one man only.

 

[Snowy]

Just a shame one man controls it all eh.