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 KingstonMariner |
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Meths Drinker  Posts: 22,096
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can anyone give me a couple of guesstimates please?
a) what our average annual wage bill was in the conference and what it is now
and
b) how much will we have saved by paying up Welsh's contact if we assume he was on £2k p.w.
Sadly I seem to have lost my copies of the annual accounts. There was a website that you could download them all from but it seems to have disappeared. I'll dig around a bit more. In any case the wage bill will include non-playing staff. |
| Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same. |
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| KingstonMariner |
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Meths Drinker Posts: 22,096
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Sadly I seem to have lost my copies of the annual accounts. There was a website that you could download them all from but it seems to have disappeared. I'll dig around a bit more.
In any case the wage bill will include non-playing staff.
Found em! |
| Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same. |
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| TheRealJohnLewis |
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| KingstonMariner |
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Meths Drinker Posts: 22,096
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Fantastic! Right back to 1922. My spreadsheet is going to be a beast. |
| Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same. |
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| arryarryarry |
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Barley Wine Drinker  Posts: 10,246
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The club did not loose money whilst in the conference so I presume you mean potential extra earnings which is relative to the costs you pay on wages
Why not go further and say under another chairman we could have been in the Prem so JF cost us 100mil a season
Didn't we lose direct funding from the EFL? and I'm sure that JF said on TV straight after the Burton game that relegation out of the Football League would cost the club £500,000 per season so 6 seasons x £500,000 comes to £3,000,000 by my reckoning but I did go to Hereford School. Add to that paying off poor managers signed by JF and the hundreds of thousands wasted on failed attempts at a new ground. |
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| Northbank Mariner |
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Didn't we lose direct funding from the EFL? and I'm sure that JF said on TV straight after the Burton game that relegation out of the Football League would cost the club £500,000 per season so 6 seasons x £500,000 comes to £3,000,000 by my reckoning but I did go to Hereford School.
Add to that paying off poor managers signed by JF and the hundreds of thousands wasted on failed attempts at a new ground.
And what's wrong with Hereford school??...first comprehensive school in Grimsby!!..and we had our own swimming pool ..😂 |
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| Mallyner |
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Is there anybody out there who can tell me where there is any financial input from the other directors? Somebody worked out how much JF had saved over the years with free this and that at games, but at least he has put his money in. I can see extremely meagre share holdings but where is the investment from the others, who are no doubt enjoying all the freebies? Especially as the Trust has to stump up is it £30k? |
| Supporting Town for 65 years.  |
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| Ipswin |
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.and we had our own swimming pool ..😂
Only so some of the pupils actually got the occasional wash |
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| arryarryarry |
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Barley Wine Drinker Posts: 10,246
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And what's wrong with Hereford school??...first comprehensive school in Grimsby!!..and we had our own swimming pool ..😂
No use to me I couldn't swim at the time. |
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| RonMariner |
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Fenty's cash contributions certainly kept the club afloat, and who knows where we would be now without them. He was not responsible for the mess with HMRC. So we should be grateful that he bailed us out when he did. We avoided a Chester, Hereford, Darlington, Stockport situation.
However, we have now seen smaller Lincs clubs Scunthorpe and Lincoln overtake us (in the former case for more than a decade) because they are well run and their board's have invested wisely in players and managers. It involved pumping cash into their clubs. Sadly what investments our board have made have not been as successful.
So despite his best efforts, and I have no doubt that he like all fans wants the best for the club, he has not brought the desired success to the club. I think, therefore, that we need a new person at the helm. Someone with a desire to invest, and fresh ideas about how best to use any incoming funds.
I believe that we have a forward looking manager, and we also have several promising young players already at the club, so the base is there on which to build.
I would hope that some deal could be done to repay some of the loans to JF, possibly staged over several years and possibly linked to success on the pitch, so that they don't prove an insurmountable financial barrier to prospective investors. Some of the loans could be converted into shares so that he would benefit should the financial fortunes of the club improve substantially in the future.
But we should be a L1 club with realistic aspirations to attaining Championship status. We are a long way from that. We need change.
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