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GTFC Huge loss

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Denby
September 9, 2010, 5:14pm

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i'd leave it to the experts icey, experts like paddythebadger.  he writes in capitals and everything
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arryarryarry
September 9, 2010, 5:28pm
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[quote=935]

Firstly the time period i was discussing was 5 years and in that time even minimum wage has gone up 20% so would be massively suprised if no-ones pay has responded to that... its simple economics


Trouble is it isn't, just to confirm, I have not had a wage increase since April 2008 and the three or four years prior to that the increase was around 2%, lower than inflation at the time, so perhaps you could put my bosses straight.
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Civvy at last
September 9, 2010, 5:38pm

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NMW was widely acknowledged as having invcreased faster than average pay inflation. At least 2 of those 5 years saw pay inflation reduce to barely a flicker (only kept alive by public sector pay) and have been below general inflation (and will be again this year). Unemployment rose. Part-time working increased. Reduced working weeks (with pay pro rata). The country was in recession from late 2008 to this year. Even in the boom years pay was kept in check with massive immigration.

There is no way on God's Earth that UK pay inflation was 40% over those 5 years. We haven't seen that sort of level for 30 years. I repeat, if you have had a 40% pay increase over 5 years for the same job, you are very lucky.

Simple economics. I assume you are a banker.



Rhyming slang ?  


The wife was going away for a girly weekend.
I jokingly remarked  'I don't know whether to spend it watching porn or watching football'
'you may as well spend it watching porn' she replied
That's understanding darling what makes you say that? I asked

She said 'Well you already know how to play football'  
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kingofthekippers
September 9, 2010, 6:11pm
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I know it's only a rough guide but general inflation between 2004 and 2009 has been 2.7% per year, a cumulative total in that period of 14.4%. Of course that is according to the Bank of England. What do they know of such matters?


Mr McGee, don't make me angry. You wouldn't like me when I'm angry.



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Swansea_Mariner
September 9, 2010, 7:06pm
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Quoted from 935


Could you tell us all the operating budgets of those clubs? do you know for a fact that they make more/less than we do??

I hate all this Fenty bashing. The guy bankrolls our beloved footie club, yup he makes some decisions which are criticised but he rarely fails to get behind his manager by putting his hand in his pocket. We couldnt do without him, cos like it or not there really arent that many people mad enough to lose a few million on a football club when they get no thanks whatsoever from people who wouldnt understand how to operate a business if it bit them in the face


This really is the big issue, you have to feel massively sorry for Fenty as he certainly backs managers in terms of playing budgets and he must take it very personally to see much smaller (financially smaller) clubs performing consistently better than us at higher levels.

If only he could get value for his investment then we'd certainly be a decent league one team.  Instead he's very unlucky almost stupendously unlucky - and I say unlucky rather than foolish because he's tried every angle apart from the foreign route, big name - Newell, non league manager - Slade, vastly experienced - Buckley, promote from within - Groves & Rodger, experienced coach - Woods.  
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dapperz fun pub
September 9, 2010, 7:26pm
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Quoted from Swansea_Mariner


This really is the big issue, you have to feel massively sorry for Fenty as he certainly backs managers in terms of playing budgets and he must take it very personally to see much smaller (financially smaller) clubs performing consistently better than us at higher levels.

If only he could get value for his investment then we'd certainly be a decent league one team.  Instead he's very unlucky almost stupendously unlucky - and I say unlucky rather than foolish because he's tried every angle apart from the foreign route, big name - Newell, non league manager - Slade, vastly experienced - Buckley, promote from within - Groves & Rodger, experienced coach - Woods.  


good post all but for the last bit,experienced with kids maybe
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kingofthekippers
September 9, 2010, 7:38pm
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Quoted from dapperz fun pub


good post all but for the last bit,experienced with kids maybe


Beg pardon?


Mr McGee, don't make me angry. You wouldn't like me when I'm angry.



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Abdul19
September 9, 2010, 7:42pm

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Quoted from 935
1. There are 4 Clubs in the WORLD that make any profit.


I've just read on SSN that Hibs made a profit last year. Were they in your list of 4?


“I hit the ball as though it owed me money.”
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935
September 9, 2010, 7:57pm
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Quoted from pier39


whatever people agree or disagree on we are man utd compared to those 3 in financial terms and has for thanking fenty,no thanks hes the main culprit in all this we where crap before newell arrived


can you prove what you re saying??????
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97
September 9, 2010, 8:24pm
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Quoted from pier39


honest jon fenty (condem) says our debts are benign and arent really debts,and anyway hed fook a fish round up


If Fenty was a doctor and used the word benign, I wouldn't be buying any green bananas.
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