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HertsGTFC
November 8, 2018, 8:44pm Report to Moderator

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I’m not an accountant but I know one end of a P&L and balance sheet from the other I don’t need to read the accounts just watch the games to know there is not enough money coming in and the opportunity for capex is non existent.

I don’t expect people to throw good money after bad but it feels like looking at our decline on the pitch and as a club we’ve been doing that ever since JF arrived, maybe the self anointed “custodians of the club” as they have called themselves aught to put a bit more in to pay for their position?

I’d suggest the same % ratio of their weekly surplus income that the loyal folks who travel on Terry’s bus all season long should do it.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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barralad
November 8, 2018, 9:38pm Report to Moderator
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Quoted from friskneymariner
Thats my point Barra if the accounts ran from July to July it would have probably showed a profit.


Yeah sorry I get that...I was trying to back you up  


I have an inferiority complex-It's not a very good one though.
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KingstonMariner
November 8, 2018, 10:11pm Report to Moderator
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Quoted from Bigdog


It's also worth noting that the accounts are for the end of May 2018 and show that there was 724k cash in the bank. That was then and not necessarily now. The club may have invested significantly more into the playing budget or could have paid off another significant chunk of the "benign loans" within the past six months. We won't know until next year's accounts.


That 'cash at bank and in the hand' figure is a bit of a red herring in that regard. It's just a temporary parking place. It would be used to cover current liabilities (i.e. creditors that have got to be paid for in the next 12 months).

The largest of these is the Directors' Loans, as these are 'benign' these are going to be demanded otherwise the club is at risk of folding.

The Director's Loans have gone down by £200,000 from the year before. Which in turn went down by £209,000 the previous year. At this rate we've only got another 9 years to go!


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friskneymariner
November 8, 2018, 11:09pm Report to Moderator

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But at the end of May 2018 season ticket revenues would not be in,neither would I imagine would be league payments or broadcast revenue somewhat puzzled  as to why there was 724k at that stage of the season or am I missing something.


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KingstonMariner
November 8, 2018, 11:16pm Report to Moderator
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Quoted from friskneymariner
But at the end of May 2018 season ticket revenues would not be in,neither would I imagine would be league payments or broadcast revenue somewhat puzzled  as to why there was 724k at that stage of the season or am I missing something.


Maybe it includes money from the Bogle transfer. The revenue would have been recognised in the 2017 accounts but the actual cash mightn't have rolled in until the following financial year.


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KingstonMariner
November 8, 2018, 11:31pm Report to Moderator
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Also if you look at Debtors, that's gone down by £722,000 on 2017. I guess Trade Debtors includes other clubs. Might also include Media companies.


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KingstonMariner
November 8, 2018, 11:41pm Report to Moderator
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An interesting thing to note (interesting to me anyway) is how ticket sales only account for 1/3 of total income. So even at our level, fans are less directly important in money terms. Though they'll also account for a large chunk of commercial income and media (iFollow).

The breakdown is:

Matchday                      £1,075,000  (34%)
Media                            £1,030,000  (32%)
Commercial & Other     £1,092,000  (34%)
Total                             £3,197,000 (100%)


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Cloudy
November 9, 2018, 6:35am Report to Moderator
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Quoted from friskneymariner
But at the end of May 2018 season ticket revenues would not be in,neither would I imagine would be league payments or broadcast revenue somewhat puzzled  as to why there was 724k at that stage of the season or am I missing something.


season tickets WERE on sale in May for the first time in many years, if at all so this MAY account for the cash at hand
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friskneymariner
November 9, 2018, 10:16am Report to Moderator

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Quoted from Cloudy


season tickets WERE on sale in May for the first time in many years, if at all so this MAY account for the cash at hand


That would equate to about 2,500 season tickets you really believe we sold that many by end of May.


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KingstonMariner
November 9, 2018, 10:47am Report to Moderator
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Quoted from Cloudy


season tickets WERE on sale in May for the first time in many years, if at all so this MAY account for the cash at hand


A small amount maybe. But most is likely because of payment of debts by people who owed us money (Wigan instalments on Bogle, media companies/League TV money).


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