Latest GTFC Financial Results Released...

A positive, certainly, but I suppose some of it will be down to the money we got for Burrell. If, instead, he'd stayed and perhaps knocked in a few goals this season, it might well have been worth more to us in the longer term. That's the issue with the EPPP and the risk of investing in the academy players.

Quoted from mimma

At £10 a ticket at the Chelsea game don't think we are going to make much profit from that game.

That was the line from JF too before we played the game

I still don't see that we shouldn't have made a fair few quid from the tie, given it was a 40000 attendance

I know that there was supposed to be a 45% split of the revenue coming our way after expenses.....maybe JF was thinking though of the expenses that politicians manage to sort themselves which would have emptied the kitty  

This comes up every time the finances are mentioned, d any if the current directors pay £30k each year for the privilege, would this show up in an individual line of just be lumped in with revenue. Also if they do pay, is it classed as a loan or just a payment?

Quoted from Maringer

A positive, certainly, but I suppose some of it will be down to the money we got for Burrell. If, instead, he'd stayed and perhaps knocked in a few goals this season, it might well have been worth more to us in the longer term. That's the issue with the EPPP and the risk of investing in the academy players.

Think Burrell was sold after the year end.

Quoted from MuddyWaters

Think Burrell was sold after the year end.

And I'm sure it was only about £10,000 ,according to someone on here

No directors pay £30,000 a year for the privilege.

It was the amount the Trust were paying the club per year, largely from bar takings.

Fenty mentioned earlier in the year at a Trust night that the Palace game earned the club £150k. If our budget is similar this season, we have Burrell and Chelsea so far.

Just had a quick look at the accounts. Turnover was up c £400k (£300k of which was due to higher media income). Most of the extra revenue was taken up by increased expenditure.

The profit was due to the change in player trading. Last year it was a £30k loss, this year a £176k profit, so a £210k turn around.

The work to the ground took place after the financial year close so that expenditure should be in the 2020 accounts.

In the notes to the Balance Sheet, Directors’ Loans reduced from £1,800,000 to £1,550,000. So a further £250,000 paid off. Six more years and we’re free!

Quoted from KingstonMariner

Just had a quick look at the accounts. Turnover was up c £400k (£300k of which was due to higher media income). Most of the extra revenue was taken up by increased expenditure.

The profit was due to the change in player trading. Last year it was a £30k loss, this year a £176k profit, so a £210k turn around.

The work to the ground took place after the financial year close so that expenditure should be in the 2020 accounts.

In the notes to the Balance Sheet, Directors’ Loans reduced from £1,800,000 to £1,550,000. So a further £250,000 paid off. Six more years and we’re free!

I'm still slightly bemused as to why this might be a good thing bearing in mind the losses & loans racked up due to the mismanagement of the club.

Quoted from mimma

I'm no expert but what "director remuneration " are you referring to? If you mean a dividend then GTFC have never paid any dividend ever to any director.

Don't forget that our directors pay 30 grand a year to sit on the board.

Do you have proof of this or are you just relying on heresay?

As for director remunerations, this could be anything that is paid to a director such as salary, pension contributions, company car or contributions towards a private car such as private fuel or any other economic benefits.