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Post by Topper Gas on Apr 3, 2024 9:19:42 GMT
Perhaps some clubs could follow the Brighton method of running a football club who have just posted a Premier league record of post tax profits of £122.8M. Problem is you need to put in £100m+ to start with, perhaps Rovers should start up "Gasbet"?
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Post by chewbacca on Apr 3, 2024 9:22:18 GMT
Perhaps some clubs could follow the Brighton method of running a football club who have just posted a Premier league record of post tax profits of £122.8M. Problem is you need to put in £100m+ to start with, perhaps Rovers should start up "Gasbet"? Bloom doesn't and has not owned a gambling firm. He just rinses them.
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Post by warehamgas on Apr 3, 2024 10:23:41 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? Don’t disagree but for the fact that you’ve implied that “we will need to accept several years of standing still……” is a bad thing. These two seasons as a mid table side in League 1 is about as good as it’s been this century. So I’m pretty sure that “standing still” in League 1 is ok for me. But I suspect you made the comment knowing that for most on here it is unacceptable so I think your post was a fair summary of the position. 👍 And I’ve got plenty of patience because looking at the table of losses that began this thread you realise the sheer lunacy of trying to run a competitive football club. None of it makes any sense and how clubs like Derby or Bolton are allowed to accrue the losses they have so soon after going bankrupt is just wrong. Companies, firm, individuals are owed money by the ‘old’ club yet the new club is being allowed to accrue similar levels of debt. If the current system is allowed to continue we may as well just accept that we will never be able to compete at a level some on here want to do without a vast injection of money (which we don’t have) by people (who we don’t currently have). Completely crazy situation isn’t it? UTG!
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Post by Quarters on Apr 3, 2024 10:48:54 GMT
Perhaps some clubs could follow the Brighton method of running a football club who have just posted a Premier league record of post tax profits of £122.8M. They have interest free loans since 2007, totalling £406.5 million. It now stands at £373.3 million using some of that profit. Better than a loss but heavily dependent on the owner giving the loans.
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