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Post by Deleted on May 31, 2019 11:46:05 GMT
This link is not that much use if you are not on Twitter. basically we spend more than we earn, which we know A slight correction: We spend A LOT more than we earn.
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Post by Topper Gas on May 31, 2019 11:51:59 GMT
For all those people complaining that DC wasn’t backed enough and that we always make free transfers, I hope they realise from this that Rovers spend right up to their financial constraints on the transfer budget to fund a decent team for the season, it’s pretty unrealistic to suggest that the budget could be increased further without running into huge difficulties. I just hope that Coughlan and Widdrington manage to make the most of it this time around. Out of interest how have you worked that out form the Accounts? All the accounts suggest is that 42 members of the 180 total staff are players, there's no breakdown on what those group of players actually earn? Do we really need 53 members of staff just to run the Academy when it hasn't produced a regular first team player for years!
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Post by Deleted on May 31, 2019 11:53:32 GMT
And to think the rose tinters gave Higgs pelters for being some 3 million in debt. Given the accounts are a year in arrears we are now pushing on for being 20 million in debt, a 15 million or so increase in just 4 years with barely anything more materially to show for it and no real idea how to pay off other than rely on the benevolence of a family where most of whom Have no interest in football.
I’m trying to find the good news in all of that. Strewth.
Actually, I suppose the good news is that at least we are now at the point where they have invested unsecured funds as the value of the stadium cannot surely match the amount of the money they paying haemorrhaging to keep us on life support. That shows a certain commitment to keep Rovers a going concern, but for how long?
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Post by Deleted on May 31, 2019 11:55:18 GMT
For all those people complaining that DC wasn’t backed enough and that we always make free transfers, I hope they realise from this that Rovers spend right up to their financial constraints on the transfer budget to fund a decent team for the season, it’s pretty unrealistic to suggest that the budget could be increased further without running into huge difficulties. I just hope that Coughlan and Widdrington manage to make the most of it this time around. Out of interest how have you worked that out form the Accounts? All the accounts suggest is that 42 members of the 180 total staff are players, there's no breakdown on what those group of players actually earn? Do we really need 53 members of staff just to run the Academy when it hasn't produced a regular first team player for years! 53?!?! Christ, more chiefs than Indians doesn’t even scratch the surface of the Human Resources bloat that the Al Qadi’s have saddled us with.
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Post by Deleted on May 31, 2019 11:58:45 GMT
To me it will be unforgivable and the For me it will be the final indignity if we ever enter administration. We have always been able to hold our heads up high on that score (if not much else). Geoff Dunford managed to avoid it when we were left in the sh** at Eastville. Thing is it may happen to us, but it will happen too most of the clubs in league one and two unless 'we' all change our ways and the bottomw two divions will be further away from The CHampionship then ever.
Football is f**ked. City sold Lloyd Kelly for £13m and he has played less than 50 games. It's insane
This is it. At this point you can only see the gap between L1 and the Championship becoming bigger every season that goes by. Certainly spells worrying times for future of lower league football.
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Post by axegas on May 31, 2019 12:04:41 GMT
For all those people complaining that DC wasn’t backed enough and that we always make free transfers, I hope they realise from this that Rovers spend right up to their financial constraints on the transfer budget to fund a decent team for the season, it’s pretty unrealistic to suggest that the budget could be increased further without running into huge difficulties. I just hope that Coughlan and Widdrington manage to make the most of it this time around. Out of interest how have you worked that out form the Accounts? All the accounts suggest is that 42 members of the 180 total staff are players, there's no breakdown on what those group of players actually earn? Do we really need 53 members of staff just to run the Academy when it hasn't produced a regular first team player for years! Topper, it’s irrelevant whether the figure of the expenditure on staff’s wages includes all staff at the club or not, the fact is that we spent 97% of turnover on just wages alone. Does that signal to you that we can afford to splash the cash on higher salaries to attract players in an attempt to climb the league table? The development squad is probably the side of things we can afford to cutback on the most. It was a nice idea stemming from Wael’s vision for the club but it has proved to be very costly and it hasn’t produced the results needed to justify it.
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Post by tomylil on May 31, 2019 12:10:49 GMT
To me it will be unforgivable and the For me it will be the final indignity if we ever enter administration. We have always been able to hold our heads up high on that score (if not much else). Geoff Dunford managed to avoid it when we were left in the sh** at Eastville. Thing is it may happen to us, but it will happen too most of the clubs in league one and two unless 'we' all change our ways and the bottomw two divions will be further away from The CHampionship then ever.
Football is f**ked. City sold Lloyd Kelly for £13m and he has played less than 50 games. It's insane
I agree with you, and if the 48 clubs all stated a salary cap then the players wouldn't have anywhere to go but accept it. However, the size of some of the clubs at our level desperate to get back to the Championship plus fairly rich owners wanting a bit of glory without a long term view except to sell on means that nothing will change. I would really like to know where Rovers wage bill compares with other teams in L1 - Anyone have that ?
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Post by Deleted on May 31, 2019 12:37:59 GMT
Out of interest how have you worked that out form the Accounts? All the accounts suggest is that 42 members of the 180 total staff are players, there's no breakdown on what those group of players actually earn? Do we really need 53 members of staff just to run the Academy when it hasn't produced a regular first team player for years! Topper, it’s irrelevant whether the figure of the expenditure on staff’s wages includes all staff at the club or not, the fact is that we spent 97% of turnover on just wages alone. Does that signal to you that we can afford to splash the cash on higher salaries to attract players in an attempt to climb the league table? The development squad is probably the side of things we can afford to cutback on the most. It was a nice idea stemming from Wael’s vision for the club but it has proved to be very costly and it hasn’t produced the results needed to justify it. I think these were the figures given out by the club at the AGM last year:- Development Squad costs 300k per year to run. London Office costs 250k a year.
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Post by Somersetgas on May 31, 2019 12:41:18 GMT
To me it will be unforgivable and the For me it will be the final indignity if we ever enter administration. We have always been able to hold our heads up high on that score (if not much else). Geoff Dunford managed to avoid it when we were left in the sh** at Eastville. Thing is it may happen to us, but it will happen too most of the clubs in league one and two unless 'we' all change our ways and the bottomw two divions will be further away from The CHampionship then ever.
Football is f**ked. City sold Lloyd Kelly for £13m and he has played less than 50 games. It's insane
It totally is, if we bring a Young academy player through, they get taken, fees are crazy, it’s no longer a sport, it’s rich men’s playthings with no specific interests in the clubs they invest in.
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Post by blueridge on May 31, 2019 12:42:26 GMT
And to think the rose tinters gave Higgs pelters for being some 3 million in debt. Given the accounts are a year in arrears we are now pushing on for being 20 million in debt, a 15 million or so increase in just 4 years with barely anything more materially to show for it and no real idea how to pay off other than rely on the benevolence of a family where most of whom Have no interest in football. I’m trying to find the good news in all of that. Strewth. Actually, I suppose the good news is that at least we are now at the point where they have invested unsecured funds as the value of the stadium cannot surely match the amount of the money they paying haemorrhaging to keep us on life support. That shows a certain commitment to keep Rovers a going concern, but for how long? Don't think there are so many rose tinters now - as most of us I feel now, believe that our club is in serious f**king deep sh**.
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Post by chewbacca on May 31, 2019 12:44:59 GMT
A lot of this is old recycled bollocks, we've had successive boards sitting on their hands and let a stadium rot. That's the real issue here.
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Post by toddy1953 on May 31, 2019 12:46:52 GMT
This link is not that much use if you are not on Twitter. It's 2019, just.. get Twitter lol. No seriously though, you should still be able to view it without being logged on/signed up. Gist is we're losing approx. £65k per day and are only still alive thanks to owner input. BLUF, when the owners stop putting money in, we're the next Hereford/Darlington/etc. It’s bad by the looks of it, but at that rate ...........WOW 😂 Very worrying as this is only up to June 2018!!!
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Post by neilv93 on May 31, 2019 12:49:09 GMT
It's 2019, just.. get Twitter lol. No seriously though, you should still be able to view it without being logged on/signed up. Gist is we're losing approx. £65k per day and are only still alive thanks to owner input. BLUF, when the owners stop putting money in, we're the next Hereford/Darlington/etc. It’s bad by the looks of it, but at that rate ...........WOW 😂 Very worrying as this is only up to June 2018!!! We're probably ready to cease to exist any day now
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Post by Deleted on May 31, 2019 13:03:30 GMT
And to think the rose tinters gave Higgs pelters for being some 3 million in debt. Given the accounts are a year in arrears we are now pushing on for being 20 million in debt, a 15 million or so increase in just 4 years with barely anything more materially to show for it and no real idea how to pay off other than rely on the benevolence of a family where most of whom Have no interest in football. I’m trying to find the good news in all of that. Strewth. Actually, I suppose the good news is that at least we are now at the point where they have invested unsecured funds as the value of the stadium cannot surely match the amount of the money they paying haemorrhaging to keep us on life support. That shows a certain commitment to keep Rovers a going concern, but for how long? Higgs got us in debt with a very high percentage loan company though none of this debt is a Wonga loan it’s all I’m assuming the investment bank that the family own ajib investments I think it is called. Higgs put us in a very bad situation if wael didn’t come in when we did and write off the previous debt we wouldn’t even have a club now
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Post by mehewmagic on May 31, 2019 13:07:02 GMT
I don't think anyone was suggesting the accounts WERE submitted in time. They were submitted late. But not as late as some thought due to holiday / backlog. They weren't submitted late. The deadline Thursday before the bank holiday to submit them, which they were, the delay was at Companies House End, not ours. This was explained. If they were late we would have had penalties imposed by CH. If you need more time to compile the accounts then you can always apply for an extension anyway. The accounts were due on 31 March 2019.
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Post by Deleted on May 31, 2019 13:08:04 GMT
And to think the rose tinters gave Higgs pelters for being some 3 million in debt. Given the accounts are a year in arrears we are now pushing on for being 20 million in debt, a 15 million or so increase in just 4 years with barely anything more materially to show for it and no real idea how to pay off other than rely on the benevolence of a family where most of whom Have no interest in football. I’m trying to find the good news in all of that. Strewth. Actually, I suppose the good news is that at least we are now at the point where they have invested unsecured funds as the value of the stadium cannot surely match the amount of the money they paying haemorrhaging to keep us on life support. That shows a certain commitment to keep Rovers a going concern, but for how long? Don't think there are so many rose tinters now - as most of us I feel now, believe that our club is in serious f**king deep sh**. Yep, it took a 17.5 million credit facility but they all got there in the end....
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Post by Topper Gas on May 31, 2019 13:08:05 GMT
A lot of this is old recycled bollocks, we've had successive boards sitting on their hands and let a stadium rot. That's the real issue here. The two previous boards produced stadium plans, the ALQ's have produced zero on that front whilst racking up massive debts. Since we returned to Bristol we've not really had any significant debts to concern ourselves with now we'll be insolvent if the ALQ's called time on their loans.
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Post by chewbacca on May 31, 2019 13:11:48 GMT
A lot of this is old recycled bollocks, we've had successive boards sitting on their hands and let a stadium rot. That's the real issue here. The two previous boards produced stadium plans, the ALQ's have produced zero on that front whilst racking up massive debts. Since we returned to Bristol we've not really had any significant debts to concern ourselves with now we'll be insolvent if the ALQ's called time on their loans. I used to produce stadium plans in school, back of my exercise book was full of them. They also didn't get built.
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Post by peterparker on May 31, 2019 13:11:58 GMT
A lot of this is old recycled bollocks, we've had successive boards sitting on their hands and let a stadium rot. That's the real issue here. The two previous boards produced stadium plans, the ALQ's have produced zero on that front whilst racking up massive debts. Since we returned to Bristol we've not really had any significant debts to concern ourselves with now we'll be insolvent if the ALQ's called time on their loans. Stadium plans don't pay the bills though
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Post by Deleted on May 31, 2019 13:12:19 GMT
And to think the rose tinters gave Higgs pelters for being some 3 million in debt. Given the accounts are a year in arrears we are now pushing on for being 20 million in debt, a 15 million or so increase in just 4 years with barely anything more materially to show for it and no real idea how to pay off other than rely on the benevolence of a family where most of whom Have no interest in football. I’m trying to find the good news in all of that. Strewth. Actually, I suppose the good news is that at least we are now at the point where they have invested unsecured funds as the value of the stadium cannot surely match the amount of the money they paying haemorrhaging to keep us on life support. That shows a certain commitment to keep Rovers a going concern, but for how long? Higgs got us in debt with a very high percentage loan company though none of this debt is a Wonga loan it’s all I’m assuming the investment bank that the family own ajib investments I think it is called. Higgs put us in a very bad situation if wael didn’t come in when we did and write off the previous debt we wouldn’t even have a club now In a way yes....although look at the cost to 'buy-in' - under Higgs it was pretty much chicken feed to a serious investor and even Wael himself crowed about the bargain they had got with regard to the stadium land. The problem is that the Al Qadi's have watered all over that bargain. So, in a way, we are far more f**ked now because the club doesn't even represent a good investment like it did under Higgs. It was not inconceivable for someone to pay 3-5 mill back in those days to take the club on. Who is going to pay the AQ's 17.5 million? Just let that sink in for a moment. 17.5 million. For Bristol Rovers. Unreal.
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