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Post by dinsdale on Aug 5, 2019 17:27:15 GMT
He will be gone by christmas All you've posted is nonsense about admin etc since you returned to the forum, is GC's whole future really based upon the result of one match. You mean my one post in response to people pretending we were being run well financially where i said if our board dont write off the collosal debts we will face insolvency?
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Deleted
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Post by Deleted on Aug 5, 2019 18:04:34 GMT
Let's end this nonsense about DC overspending.
Yes, he spent more than GC, but then he made that money by having to sell some of his best players. He created that additional budget.
That's not a dig at GC. He's been unfortunate in that Lockyer left for nothing and he was unable to convince Bonham to stay. Even his other saleable asset, Sercombe, no longer looks like he would raise £50k if he was sold. Money will inevitably be tighter when you don't bring it in.
We are spending money on things we really don't need. A London office, a CEO and Chairman and to a lesser extent financially (and this is where DC is culpable IMO), some of the backroom staff. But the main reason we are losing money is because we are a lower division football club who are trying to stay in a division that its supporters demand. Whether that demand is realistic for much longer is up for debate. Do we gamble and spend big to reach the Championship or do we run the club closer to our means and accept that we are a fourth tier club whi might occasionally reach the third?
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Post by 2nd May 1990 on Aug 5, 2019 19:20:45 GMT
Not sure about this. It’s pretty breakeven on transfer fees, but when you factor the huge increase in player wages since we hit L1 I have my doubts. An extreme example: Kyle Bennett on ~£4K pw on a 3.5 year contract is £728,000 (£520,000 if its a 2.5 year) A budget isn’t just fees paid, its wages too, and we’re definitely spending a lot more than he brought in for Ellis, Gaffers, Taylor and Bodin. Kyle on 4k/w is rubbish though. Yes, and also if you go up to league 1 there will inevitably be a massive increase in player wages if you want to stay in the division long term.
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Deleted
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Post by Deleted on Aug 5, 2019 19:33:55 GMT
He will be gone by christmas All you've posted is nonsense about admin etc since you returned to the forum, is GC's whole future really based upon the result of one match. Is it really that unlikely? Crap football + poor results = crap attendances. The budget won’t be a mitigating factor, if crowds fall his position will become untenable. Props to him for keeping us up but I had my doubts he was the man to take us forward. Early days yet, but so far despite what Coughlan has said in the media we don’t seem to have changed at all since last season going by pre-season and Blackpool.
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Post by Colyton Gas on Aug 5, 2019 21:14:17 GMT
English Football League
Aldo Kalulu [Basel - Swansea] Loan
Han-Noah Massengo [Monaco - Bristol City] Undisclosed
Bryan Mbeumo [Troyes - Brentford] Undisclosed
Kieffer Moore [Barnsley - Wigan] Undisclosed
Marc Richards [Swindon - Cambridge] Free
Joel Rollinson [Reading - Stevenage] Free
Dru Yearwood [Southend - Brentford] Undisclosed
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Post by Icegas on Aug 5, 2019 23:15:08 GMT
But where did DC overspend? Surely he spent money at a L1 level.? I Know many clubs spend nothing at this level on fees, but he never handed wages to 5/6 players on £10k- £15k per week did he? He never spent millions upon millions on transfer fees either He spent £200k on Payne and £350k on TN.But that is not the reason why we are £17million in debt. I don’t think we really need an itemised bill of where the money has gone in order to answer the question of why Coughlan has a shoestring budget. The accounts clearly show we are nearly 17 million in debt. What we do know is that spending under DC, in all areas of the club, was unparalleled and on our crowds and with the transfer fees brought in it simply isn’t enough to account for the expenditure on players fees, wages and admin costs. So now we are paying the price. Which is unfortunately as it should be. I wish we had spent less on admin and offices in London and more on a decent scouting network so that if we have our hands tied in terms of budget we could take a punt on the best local-ish players from the lower leagues who might have a chance of making it. I’m not convinced our head of recruitment has consistently added enough value, JCH aside. The development/Reserve/ Acadamy squad and scounting network is something this club -one of our size should have! It should be a given in fact! Wael was right in putting it back in place, and DC forcing this. The stupid office in London is another issue tho!
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Post by Henbury Gas on Aug 6, 2019 6:00:41 GMT
With us having a debt of £17m + , how much of this debt was in place when the family bought the club ?
How much of this debt was to pay off the debts incurred by Higgs and co ? (Wonga, Sainsbury)
How much of this debt was incurred by the failed projects UWE 1 & UWE 2
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Deleted
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Post by Deleted on Aug 6, 2019 7:54:11 GMT
With us having a debt of £17m + , how much of this debt was in place when the family bought the club ? How much of this debt was to pay off the debts incurred by Higgs and co ? (Wonga, Sainsbury) How much of this debt was incurred by the failed projects UWE 1 & UWE 2 About 40%, roughly, I reckon.
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Post by stokegiffordgas on Aug 6, 2019 8:21:10 GMT
Just what does this office in London do? Can you order tickets there, buy a programme, purchase a pasty? Is it a shell office a la Roger Cook (Matt Allwright for the younger forummers) investigation style? So many questions - - -
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Post by Antonio Fargas on Aug 6, 2019 8:30:12 GMT
With us having a debt of £17m + , how much of this debt was in place when the family bought the club ? How much of this debt was to pay off the debts incurred by Higgs and co ? (Wonga, Sainsbury) How much of this debt was incurred by the failed projects UWE 1 & UWE 2 Why was everyone quoting a debt of £8M last year, and everyone quoting £17M this year?
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Post by Henbury Gas on Aug 6, 2019 8:31:55 GMT
With us having a debt of £17m + , how much of this debt was in place when the family bought the club ? How much of this debt was to pay off the debts incurred by Higgs and co ? (Wonga, Sainsbury) How much of this debt was incurred by the failed projects UWE 1 & UWE 2 Why was everyone quoting a debt of £8M last year, and everyone quoting £17M this year? Inflation
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Marshy
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Post by Marshy on Aug 6, 2019 8:32:06 GMT
With us having a debt of £17m + , how much of this debt was in place when the family bought the club ? How much of this debt was to pay off the debts incurred by Higgs and co ? (Wonga, Sainsbury) How much of this debt was incurred by the failed projects UWE 1 & UWE 2 Why was everyone quoting a debt of £8M last year, and everyone quoting £17M this year? Inflation. I blame Brexit.
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Marshy
Proper Gas
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Post by Marshy on Aug 6, 2019 8:36:54 GMT
Why was everyone quoting a debt of £8M last year, and everyone quoting £17M this year? Inflation Blimey Henbury we must have posted that at exactly the same time, we must be telepathetic?
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Post by Henbury Gas on Aug 6, 2019 9:19:25 GMT
Blimey Henbury we must have posted that at exactly the same time, we must be telepathetic? Great minds think alike
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Post by Icegas on Aug 6, 2019 11:10:18 GMT
With us having a debt of £17m + , how much of this debt was in place when the family bought the club ? How much of this debt was to pay off the debts incurred by Higgs and co ? (Wonga, Sainsbury) How much of this debt was incurred by the failed projects UWE 1 & UWE 2 Good question, Im sure most of the above was the reason we are £17million in debt and not DC's spending as some suggest! Im sure the level of DC's spending on transfer fee's and wages were not on the level as under Holloway, 20 years ago! Even if the latter did bring in more from transfer fees.
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Post by warehamgas on Aug 6, 2019 19:27:09 GMT
Blimey Henbury we must have posted that at exactly the same time, we must be telepathetic? Great minds think alike Fools seldom differ! (Joke!) 😉 UTG!
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Deleted
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Post by Deleted on Aug 6, 2019 21:30:12 GMT
I am so annoyed with the £23,000,000 debt and the london office costing £450k a year. When you add that to the clear fact we paid £380k to sign nichols and were paying kyle bennett £4,700 a week not to mention the gamble we have taken paying mark little £4,000 a week it is a worry. The sooner the ed ware,higgs,bradshaw,wonga takeover is completed the better in my view.
On the positive side of things i am chuffed that GC is getting our team to play a high press game with pace and power.
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pirate
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Post by pirate on Aug 6, 2019 21:31:47 GMT
I am so annoyed with the £23,000,000 debt and the london office costing £450k a year. When you add that to the clear fact we paid £380k to sign nichols and were paying kyle bennett £4,700 a week not to mention the gamble we have taken paying mark little £4,000 a week it is a worry. The sooner the ed ware,higgs,bradshaw,wonga takeover is completed the better in my view. On the positive side of things i am chuffed that GC is getting our team to play a high press game with pace and power.
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Deleted
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Post by Deleted on Aug 6, 2019 21:39:24 GMT
Hey guys...its gone to 4700 a week..wink wink nudge nudge.
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