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Post by mrgasman on Mar 31, 2024 18:25:08 GMT
This strategy is fine but as fans we will need to accept several years of standing still and potentially going backwards before it starts to work. Do we have the patience for that? Normally Rovers fan don't and attendances drop off if there's no signs of a promotion push, hopefully, TG's explained that to the new co-owners. [br I think us Gas fans have waited very patiently since Wael arrived. Let’s hope a back step isn’t another relegation to league two… |
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stuart1974
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Post by stuart1974 on Mar 31, 2024 18:28:53 GMT
We can't keep hemorrhaging money, as much as Roady's supposed 25% cut in the budget next season sounds dramatic, I can see why the owners would want to get costs down. It seems to me that Exeter may well be the business model we are looking at in that we buy young, develop and sell on for a profit. Certainly the appointment of GF as Head of Recruitment, MT's history at Exeter and Conteh as the type of player we are looking for leans that way. It's not a bad model to emulate and if the team is allowed to gel over the next couple of years, then taking a step back after a few seasons of overspending would allow a reset. Where I do disagree with some posters is that this is precisely the time to invest in the infrastructure side, both are key to exploiting this model and eventually moving on from simply developing players to making that move to becoming genuine promotion contenders. This strategy is fine but as fans we will need to accept several years of standing still and potentially going backwards before it starts to work. Do we have the patience for that? If we can see tangible progress, then I think we can. If it is just empty promises and platitudes with no real progress, then no. |
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Post by Quarters on Mar 31, 2024 18:52:19 GMT
We can't keep hemorrhaging money, as much as Roady's supposed 25% cut in the budget next season sounds dramatic, I can see why the owners would want to get costs down. It seems to me that Exeter may well be the business model we are looking at in that we buy young, develop and sell on for a profit. Certainly the appointment of GF as Head of Recruitment, MT's history at Exeter and Conteh as the type of player we are looking for leans that way. It's not a bad model to emulate and if the team is allowed to gel over the next couple of years, then taking a step back after a few seasons of overspending would allow a reset. Where I do disagree with some posters is that this is precisely the time to invest in the infrastructure side, both are key to exploiting this model and eventually moving on from simply developing players to making that move to becoming genuine promotion contenders. Or Peterborough... Thought this was the plan when Garner was appointed, then this was throw out of the window when someone got starstruck |
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Post by gasify on Mar 31, 2024 19:43:55 GMT
Back to Rovers though. Their accounts need to be filed today. #prayforauditors Weren’t we expecting a £4m loss ? My money is on £5m loss maybe bigger. No reason other than gut feeling. |
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Post by somersetgas27 on Mar 31, 2024 21:38:47 GMT
Weren’t we expecting a £4m loss ? My money is on £5m loss maybe bigger. No reason other than gut feeling. From what I remember at the Supporters Club Q&A Abdullatif Al-Saeed stated that he believed the losses for the current season were likely to be around £5m |
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Post by squire on Mar 31, 2024 21:47:34 GMT
Normally Rovers fan don't and attendances drop off if there's no signs of a promotion push, hopefully, TG's explained that to the new co-owners. [br I think us Gas fans have waited very patiently since Wael arrived. Let’s hope a back step isn’t another relegation to league two… After Fridays result and performance they ought to play behind closed doors |
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Post by gasify on Mar 31, 2024 22:37:45 GMT
My money is on £5m loss maybe bigger. No reason other than gut feeling. From what I remember at the Supporters Club Q&A Abdullatif Al-Saeed stated that he believed the losses for the current season were likely to be around £5m That might be where I got it from. Wasn't certain, so didn't want to mention the Q&A in case I was wrong and couldn't face the witch hunt. |
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Post by gasify on Mar 31, 2024 22:58:28 GMT
Derby aren’t exactly the best club to make a comparison to in fairness See my earlier post the Derby figure is their turnover not losses which were £10m although £20m of that is some strange accounting procedure for past losses. The £30m loss is the £30m loss. From operating activities, there was a £10m loss. The additional £20m is to reflect creditors that the new company has taken on when the old Co was purchased. |
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Post by Topper Gas on Apr 1, 2024 7:00:12 GMT
As I posted earlier and the other poster tried to clarify it doesn't sound like just debts they've taken on:
"But £19.7m of that amount relates to a statutory write-off of goodwill which is calculated by taking the purchase price of a business and subtracting the difference between the fair market value of assets and liabilities."
Regardless not sure how a new phoenix company has been allowed by the EFL to run up debts of even £10m in their first season under new ownership. They are clearly buying promotion and will return to the Championship already with massive debts.
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Post by horfield on Apr 1, 2024 7:41:53 GMT
Rovers 2023 accounts now overdue, third year they have been filed late.
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Post by Kipper on Apr 1, 2024 10:53:20 GMT
It wouldn’t surprise me at all if the player budget will be some what restricted for the new season. I suppose the new stand was expensive and a financial club loss is a certainty. It makes one wonder when enough funds will eventually be available for a play off/promotion push. Thirty years is a long time outside of the second tier. I’m beginning to wonder if Championship football will be achieved in my lifetime!
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Post by gasify on Apr 1, 2024 11:25:30 GMT
As I posted earlier and the other poster tried to clarify it doesn't sound like just debts they've taken on: "But £19.7m of that amount relates to a statutory write-off of goodwill which is calculated by taking the purchase price of a business and subtracting the difference between the fair market value of assets and liabilities." Regardless not sure how a new phoenix company has been allowed by the EFL to run up debts of even £10m in their first season under new ownership. They are clearly buying promotion and will return to the Championship already with massive debts. If you have a look at their accounts, note 20 talks about the Goodwill write off. I don't think it can simply be dismissed as an accounting adjustment, they may have taken on £19m of liabilities that were previously thought to be written off. |
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Post by returngas on Apr 1, 2024 12:07:15 GMT
Football finances simply do not add up. It's only surviving on debt and money from wealthy owners.
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Post by gasify on Apr 1, 2024 12:10:34 GMT
Football finances simply do not add up. It's only surviving on debt and money from wealthy owners. It's because fans demand success but are simply not prepared to pay for it. Just look at the moaning when the South Stand seat price was announced as £29. You can't have it both ways. Either put up, or shut up. |
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Post by heartofgas on Apr 1, 2024 13:16:35 GMT
As I posted earlier and the other poster tried to clarify it doesn't sound like just debts they've taken on: "But £19.7m of that amount relates to a statutory write-off of goodwill which is calculated by taking the purchase price of a business and subtracting the difference between the fair market value of assets and liabilities." Regardless not sure how a new phoenix company has been allowed by the EFL to run up debts of even £10m in their first season under new ownership. They are clearly buying promotion and will return to the Championship already with massive debts. In the derby case I am assuming a lot of that debt is from coming out of administration and they would have had a lot of contracted players still on high wages. They were under transfer embargo last year so can't be down to spending. As far as I know, their finances are still under EFL authority. |
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Post by heartofgas on Apr 1, 2024 13:18:16 GMT
Football finances simply do not add up. It's only surviving on debt and money from wealthy owners. It's because fans demand success but are simply not prepared to pay for it. Just look at the moaning when the South Stand seat price was announced as £29. You can't have it both ways. Either put up, or shut up. That is why the club needs to generate money outside of just ticket prices. |
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Post by Tilly's Thighs on Apr 1, 2024 13:26:52 GMT
We can't keep hemorrhaging money, as much as Roady's supposed 25% cut in the budget next season sounds dramatic, I can see why the owners would want to get costs down. It seems to me that Exeter may well be the business model we are looking at in that we buy young, develop and sell on for a profit. Certainly the appointment of GF as Head of Recruitment, MT's history at Exeter and Conteh as the type of player we are looking for leans that way. It's not a bad model to emulate and if the team is allowed to gel over the next couple of years, then taking a step back after a few seasons of overspending would allow a reset. Where I do disagree with some posters is that this is precisely the time to invest in the infrastructure side, both are key to exploiting this model and eventually moving on from simply developing players to making that move to becoming genuine promotion contenders. This strategy is fine but as fans we will need to accept several years of standing still and potentially going backwards before it starts to work. Do we have the patience for that? I would prefer us to do this, rather than our 3 year cycle of rebuilding the squad. |
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Post by Tilly's Thighs on Apr 1, 2024 13:31:40 GMT
Rovers 2023 accounts now overdue, third year they have been filed late. Less than 9 hours overdue when you posted this, I presume that you started checking the website at one minute past midnight!  |
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Post by The Equaliser on Apr 1, 2024 13:32:27 GMT
Football finances simply do not add up. It's only surviving on debt and money from wealthy owners. It's because fans demand success but are simply not prepared to pay for it. Just look at the moaning when the South Stand seat price was announced as £29. You can't have it both ways. Either put up, or shut up. You are assuming fans can afford it though. It’s not just ‘moaning’! You can continue your shouting of ‘put up or shut up’ as long as you like but clubs know that by raising prices they make more money off some, but lose money by pricing out others. |
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Post by Topper Gas on Apr 1, 2024 13:33:20 GMT
It's because fans demand success but are simply not prepared to pay for it. Just look at the moaning when the South Stand seat price was announced as £29. You can't have it both ways. Either put up, or shut up. That is why the club needs to generate money outside of just ticket prices. Does it though or is that just another Gaschat fact? What extra are we going to make from the new South Stand or just a redeveloped, rather than new East Stand? |
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