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Post by rreckless on Mar 28, 2024 19:04:04 GMT
We should be in no doubt… Mark Stott has brought great impetus and enormous improvements right across the board but he has put us in an incredibly vulnerable position too… Our “Championship” infrastructure is already costing us over £13M a year 😱 I think we can all wish the very best of good health and continued commercial success!!!⚽️💙 Where have you got £13m from.
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Post by David Schofield on Mar 28, 2024 19:07:56 GMT
Just two players for each position and 3 keepers will do We must at least have that ?? In average/in total we do but there are specialist positions (GK the obvious one) that have physical/mentality requirements and you simply can’t work around them for more than a game or two here without suffering poor performances/results and they are LCB, CDM and Target Man
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Post by David Schofield on Mar 28, 2024 19:08:14 GMT
We should be in no doubt… Mark Stott has brought great impetus and enormous improvements right across the board but he has put us in an incredibly vulnerable position too… Our “Championship” infrastructure is already costing us over £13M a year 😱 I think we can all wish the very best of good health and continued commercial success!!!⚽️💙 Where have you got £13m from. Mathematics
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Post by ancienthatter on Mar 28, 2024 19:08:33 GMT
We should be in no doubt… Mark Stott has brought great impetus and enormous improvements right across the board but he has put us in an incredibly vulnerable position too… Our “Championship” infrastructure is already costing us over £13M a year 😱 I think we can all wish the very best of good health and continued commercial success!!!⚽️💙 Where have you got £13m from. £8m income and a £5m loss.. so yes, costs must be £13m.
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Post by hedleyverity on Mar 28, 2024 19:12:59 GMT
90 grand a week losses, that’s rather a lot of money Seems it in isolation, but in context of what Vita makes a week is it that much? (I genuinely don't know) From what I can see, £10m operating profits in the latest results, operating profits certainly don't mean a great deal in the business I work in compared to debt repayments though, I'm not really qualified to comment. I don't believe County are funded from Vita's performance anyway though, i though Mark Stott had a pot of money from the sale of a business/s?
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Post by Barmy Blue Army on Mar 28, 2024 19:20:51 GMT
If I’m reading that right there’s in the region of £9.5 million of expenditure that isn’t wages, wonder what that is? Their revenue to wages looks sensible by football standards Their statement which now says they have balanced the books. Big owner debt though and interesting that they say there's no immediate pressure to repay rather than will be converted to equity. "In the season where promotion was achieved by both the Men’s and Women’s senior teams, Turnover for the year was £10.478m (2022: £5.972m) with the loss increasing to £5.113m (2022: £2.913m).
Income was increased across the board, with the most significant with our retail operation reaching £3.430m (2022: £1.303m) and Sponsorship / Advertising rising to £1.883m (2022: £1.053m). The increase in Football revenue £1.314m (2022: £0.531m) can be attributed to our success in the FA Cup.
The payroll of the Club increased to £6.9058m (2022: £4.050m).
The amount owed to The R.R. McReynolds Company, LLC at the year-end was £8.977m (2022: £3.714m).
The financial losses suffered by the Club since the takeover shouldn’t be repeated, with income generated by the Club now sufficient to meet the operational costs of the Club going forward.
These losses were deemed necessary to allow the Club to maximise its full potential in the shortest time practically possible. The Club is under no immediate pressure to repay these loans at the expense of the progress we seek to achieve and further financial support will be provided/secured to support the capital expenditure projects the Club is currently planning, which includes increasing the capacity of The Racecourse Ground and the development of a training facility for all the Club’s teams.
The year-on-year income comparisons since the takeover, show the potential of the Club. These will significantly increase again for the year ending June 30, 2024, following promotion and the continued popularity of Welcome to Wrexham."
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Post by gibbo on Mar 28, 2024 19:22:34 GMT
I don't believe County are funded from Vita's performance anyway though, i though Mark Stott had a pot of money from the sale of a business/s? Not on the balance sheet, but we are ultimately funded by Stott and by whichever way chooses to divi up his money across his business'. (e.g. he'll presumably dip his hand in another business' pocket if County are struggling?) - speculating here but am assuming that as long as Stott has a bit of money then Profit / Loss of County specifically is fairly irrelevant?)
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Post by rreckless on Mar 28, 2024 19:22:39 GMT
Where have you got £13m from. Mathematics So not just the “championship infrastructure” but the whole show.
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Post by gibbo on Mar 28, 2024 19:26:07 GMT
Why are people even bothered about our finances either when we have a rich owner willing to fund us?? (I agree it's an interesting read though rather than cause for concern)
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Post by rreckless on Mar 28, 2024 19:26:55 GMT
I don't believe County are funded from Vita's performance anyway though, i though Mark Stott had a pot of money from the sale of a business/s? Not on the balance sheet, but we are ultimately funded by Stott and by whichever way chooses to divi up his money across his business'. (e.g. he'll presumably dip his hand in another business' pocket if County are struggling?) - speculating here but am assuming that as long as Stott has a bit of money then Profit / Loss of County specifically is fairly irrelevant?) Basically.
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Post by hedleyverity on Mar 28, 2024 19:29:00 GMT
Why are people even bothered about our finances either when we have a rich owner willing to fund us?? (I agree it's an interesting read though rather than cause for concern) Because football is littered with examples of clubs heavily funded by owners until they stopped for whatever reason, leading to catastrophe?
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Post by gibbo on Mar 28, 2024 19:38:44 GMT
It very rarely has though, it's led to relegations, but bar the odd 1 or 2, all these clubs have lived to fight another day. (I'd be amazed if Stott has any current intentions of screwing us over either, so Profit / Loss is least of my worries - beyond simply can we afford x Player)
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Post by David Schofield on Mar 28, 2024 19:47:21 GMT
It very rarely has though, it's led to relegations, but bar the odd 1 or 2, all these clubs have lived to fight another day. (I'd be amazed if Stott has any current intentions of screwing us over either, so Profit / Loss is least of my worries - beyond simply can we afford x Player) It literally happened to us with Nookie’s Fister! Then… It literally happened to me two years ago… I funded a youth support programme and built an infrastructure beyond anything local/regional/national government was even willing to consider never mind fund… then I got cancer… I wrote off a lot of money and we managed to keep some of the facilities going but the programme is no more
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Post by gibbo on Mar 28, 2024 19:50:02 GMT
It very rarely has though, it's led to relegations, but bar the odd 1 or 2, all these clubs have lived to fight another day. (I'd be amazed if Stott has any current intentions of screwing us over either, so Profit / Loss is least of my worries - beyond simply can we afford x Player) It literally happened to us with Nookie’s Fister! It's not happened to Professional Football Clubs though?
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Post by David Schofield on Mar 28, 2024 19:51:30 GMT
It literally happened to us with Nookie’s Fister! It's not happened to Professional Football Clubs though? Bury
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