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Post by hedleyverity on Oct 11, 2023 13:59:25 GMT
Other thing on Wrexham is I bet they're income for 22/23 will absolutely dwarf most L1&2 clubs, let alone the National League clubs they were up against. They've got sponsorship deals coming out of their arse with global brands, Ryan Reynolds tweeting about them every week, tens of thousands of shirts sold, bet they sell more streams than pretty much any other Football League club each week because of the USA audience. Go on their board and apparently a projected revenue of £20m has been mentioned by the club somewhere. Not entirely sure where but that figure keeps cropping up and something in the low millions generated by the US pre-season tour. Wrexham can be sustainable at their current levels of spending (though are reliant on brand Ryan Reynolds), which is impressive. We can't until we start bringing through and selling players. That's what Stott has signed up to but it's the harsh reality. What’s our revenue?
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Post by philtheglass on Oct 11, 2023 14:18:01 GMT
We spent an awful lot of money getting out of the National League. Barrow, Sutton, Hartlepool, Grimsby etc did it on a fraction of our spend. A lot of our expenditure was on projects that were brought forward during lockdown. They were due to be staggered over a number of years, but the owners decided to get them done during lockdown & the infrastructure is now in place
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Post by suedehead on Oct 11, 2023 14:34:31 GMT
We spent an awful lot of money getting out of the National League. Barrow, Sutton, Hartlepool, Grimsby etc did it on a fraction of our spend. A lot of our expenditure was on projects that were brought forward during lockdown. They were due to be staggered over a number of years, but the owners decided to get them done during lockdown & the infrastructure is now in place
Yeah, we said the same a few posts up. I'm still not sure that accounts for £5m though. Let's see what the next set say, I think they'll be huge.
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Dids
Frequenter
Posts: 401
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Post by Dids on Oct 11, 2023 14:37:50 GMT
we’re spunking a lot of cash for NL level and LG2. But that figure isn’t just what we’re spending on the playing budget. Think that covers all losses which will cover what we’ve spent on the ground and training ground as well - which none of the other clubs listed will have been doing to our extent at that time. I would imagine it won't include expenditure on Ground / Training Ground improvements - these costs will all be capitalized to Balance Sheet and not show in the Profit And Loss. So it's a lot worse in reality
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Post by David Schofield on Oct 11, 2023 14:51:55 GMT
we’re spunking a lot of cash for NL level and LG2. But that figure isn’t just what we’re spending on the playing budget. Think that covers all losses which will cover what we’ve spent on the ground and training ground as well - which none of the other clubs listed will have been doing to our extent at that time. I would imagine it won't include expenditure on Ground / Training Ground improvements - these costs will all be capitalized to Balance Sheet and not show in the Profit And Loss. So it's a lot worse in reality The refurbishments costs are stalnding at £2M since 2017 and are (deprecated) on the balance sheet as an intangible asset of £1.4M We’ve blown our cock off
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Post by suedehead on Oct 11, 2023 15:18:21 GMT
we’re spunking a lot of cash for NL level and LG2. But that figure isn’t just what we’re spending on the playing budget. Think that covers all losses which will cover what we’ve spent on the ground and training ground as well - which none of the other clubs listed will have been doing to our extent at that time. I would imagine it won't include expenditure on Ground / Training Ground improvements - these costs will all be capitalized to Balance Sheet and not show in the Profit And Loss. So it's a lot worse in reality I think you're probably right.
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Post by geordiehatter on Oct 11, 2023 15:36:04 GMT
I would imagine it won't include expenditure on Ground / Training Ground improvements - these costs will all be capitalized to Balance Sheet and not show in the Profit And Loss. So it's a lot worse in reality The refurbishments costs are stalnding at £2M since 2017 and are (deprecated) on the balance sheet as an intangible asset of £1.4M We’ve blown our cock off I mean, I'm not an expert on financial affairs, but I'm guessing as strategies go that's not a recommended one?
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Post by slomasscfc on Oct 11, 2023 15:50:42 GMT
The refurbishments costs are stalnding at £2M since 2017 and are (deprecated) on the balance sheet as an intangible asset of £1.4M We’ve blown our cock off I mean, I'm not an expert on financial affairs, but I'm guessing as strategies go that's not a recommended one? Having your cock blown off is a good strategy, blowing your cock off is a bad strategy just to separate the terminology in laymans terms
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Post by Barmy Blue Army on Oct 11, 2023 16:04:14 GMT
The refurbishments costs are stalnding at £2M since 2017 and are (deprecated) on the balance sheet as an intangible asset of £1.4M We’ve blown our cock off I mean, I'm not an expert on financial affairs, but I'm guessing as strategies go that's not a recommended one? That got me. Burst out laughing at work.
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Post by herbiedumplings on Oct 11, 2023 20:04:02 GMT
I see Wrexham got their wish of hosting international football. Gibraltar absolutely pasting Wales 0-4 as I type…
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Post by mat1scfc on Oct 11, 2023 20:41:58 GMT
I see Wrexham got their wish of hosting international football. Gibraltar absolutely pasting Wales 0-4 as I type… did you mean Wales pasting gilbraltar
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Post by herbiedumplings on Oct 11, 2023 20:48:17 GMT
I see Wrexham got their wish of hosting international football. Gibraltar absolutely pasting Wales 0-4 as I type… did you mean Wales pasting gilbraltar More people live in Glossop than Gibraltar. I reckon 0-4 is a very decent result, considering!
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Post by geordiehatter on Oct 11, 2023 21:18:00 GMT
I mean, I'm not an expert on financial affairs, but I'm guessing as strategies go that's not a recommended one? Having your cock blown off is a good strategy, blowing your cock off is a bad strategy just to separate the terminology in laymans terms That is just incredibly helpful, and thank you.
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Post by Barmy Blue Army on Oct 11, 2023 21:39:28 GMT
Few Gils fans worried that the subtext is they sacked their manager without a plan and someone who knows nothing about football is picking their next manager... Maybe it's reading far too much into it but it is interesting how he refers to "i", not "we" or the club. Worked OK for them so far!
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Post by 57hattersyears on Oct 11, 2023 22:46:34 GMT
Agree. I've just reflected on it - so that graph is saying in the 21/22 season we lost almost £5m...? Imagine it was fairly significant the season before that too. There must be some other factors in play re ground stuff and the back end of covid? I hope so! If not, that is just a little bit scary... Calling 57hattersyears to the thread! When do we get the detail on all this? Is there anything else you've read (or can deduce from anything on here) that adds up to such a sum? Keiran Maguire is the guru on this kind of stuff and the figure he quotes, a loss of £4.862m, is spot on. Putting it simply around £93k a week. That of course was for the Nat Lge championship season. Detail on how this is made up is scant to say the least. County qualify as a 'small company' under accounting rules and as such have opted to publish what are effectively abridged accounts which do not include a detailed income and expenditure statement. There's no problem with this, but for 'nerds' like me who relish detail it means we miss out on poring over the minutiae of how that loss is made up. Next accounts (for the year to 30/6/23 - covering the first season back in the League) are due to be lodged at Companies House by 31/3/24. It's inconceivable to me that a similar, if not greater, loss will not be made. Mr Stott converted his (then) debt to equity in June '22. He hasn't done anything similar since so a debt will undoubtedly be being carried at the moment covering whatever he has had to fund in the last 15 months. The next interesting info to come out will be the declaration of agents fees paid. From memory this will be in Feb.
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