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Lincoln City shows £2.24 Million Loss

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Trawler
January 30, 2020, 12:05am Report to Moderator
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https://forums.vitalfootball.co.uk/threads/financial-loss-2-24-million.102247/

Could be difficult times ahead for the imps.

Clive Nates on Twitter today “We all still have ambitious targets. It just means it's a different model that could take some time to transition to, is admittedly more difficult to succeed under but offers far more sustainable upside. In any event we were always going to need a period of consolidation.”


"Pound for pound, and class for class, the best football team I have seen in England since the war. In the league they were in they played football nobody else could play. Everything was measured, planned and perfected and you could not wish to see more entertaining football." Bill Shankly, Manager GTFC 1951-54
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KingstonMariner
January 30, 2020, 12:20am Report to Moderator
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Some exceptional costs because of promotion (player bonuses, transfer fee add ins) according to the Price of Football thing on the Twitter. But also that year they had £1m compensation for the loss of the Cowleys to Huddersfield. Previous year they lost over £1m.

This year’s accounts will be telling. Are they going to end up like Scunny spending beyond their revenue or cut back (and risk dropping back down).


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GollyGTFC
January 30, 2020, 8:11am Report to Moderator

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How much have they invested into their new training ground opposite RAF Scampton?
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TheRonRaffertyFanClub
January 30, 2020, 9:01am Report to Moderator
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These clubs are like councils - brilliant at obtaining the grants and finance to “invest” in new buildings and facilities but useless in raising the finance to maintain and use them.


"Ah but I was so much older then, I’m younger than that now.” Bob Dylan, My Back Pages
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diehardmariner
January 30, 2020, 9:22am Report to Moderator
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My thoughts were very much like Golly's, how much is a result of investment in the training facility off the A15?

If that's what has caused it, fair enough.  That's an investment.

But if they've spaffed it up the wall on signings who were only good enough to take them to midtable of League One....that's a big risk.  I don't think they're in anything like a relegation scrap, but the teams below them all have games in hand and it wouldn't be unheard of for a team in their position to get dragged into it.
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GollyGTFC
January 30, 2020, 9:41am Report to Moderator

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I do think they've spunked a lot of money on players and staff too. Seems they are going down the Peterborough model of investing in players who potentially have a sell on value. Seems like they invested to get to League One where they can attract better young players and will now tighten the budget.

I read somewhere that they got £1m for the Cowley's and a third of that amount went to the Cowley's themselves in lieu of performance bonus,

And they have clearly spent money on their new portacabin-less training ground. And they have plans to nearly double the size of the Stacey West Stand to increase capacity even though they are further along with new stadium plans than we are at present.

And anyway, the losses have been covered by share purchases rather than saddling the club with "benign" loans.
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TheRonRaffertyFanClub
January 30, 2020, 9:54am Report to Moderator
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Quoted from diehardmariner
My thoughts were very much like Golly's, how much is a result of investment in the training facility off the A15?

If that's what has caused it, fair enough.  That's an investment.

But if they've spaffed it up the wall on signings who were only good enough to take them to midtable of League One....that's a big risk.  I don't think they're in anything like a relegation scrap, but the teams below them all have games in hand and it wouldn't be unheard of for a team in their position to get dragged into it.


An investment? The bricks and mortar maybe but unless that facility is highly instrumental in producing saleable assets, i.e. players, then it is a white and windswept elephant and a drain on resources. As part of a long term plan to be a Championship club perhaps it is justifiable on paper but if that plan falters even slightly in terms of income then problems arise. How many more Wembley appearances would it take to generate the sort of income they have had in the past few seasons and therefore sustain the enterprise?

The temptation is to spend income immediately on players who are not worth the money  simply to stand still in the league. The real way to make investment pay is to get a super scouting network and grow your own like Brentford, but then you run the risk of sliding down before your plan works. It is a conundrum and one that Town needs to solve as well before we get into a new ground, not after.



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TownSNAFU5
January 30, 2020, 10:09am Report to Moderator
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Liverpool are the masters at having an expert scouting system (they keep track of 100,000 worldwide) and being patient at getting the right player at the right time,

Lincoln have probably tried to run before they can walk.  
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GollyGTFC
January 30, 2020, 10:15am Report to Moderator

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Training ground just bricks and mortar???

What term did Clive Woodward have? Critical non- essentials.
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GollyGTFC
January 30, 2020, 10:27am Report to Moderator

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Quoted from TownSNAFU5
Lincoln have probably tried to run before they can walk.  


They've invested and achieved 2 promotions (both championship winning) in 3 seasons. In that time they have sold several players on for a big profit. Even this month they have signed three 21-year olds who they obviously think can be developed and sold on for a profit.

To me that's a perfect model for a lower league club on limited means.

The difference between us and them is they invested money to sign the right blend experienced players and promising youngsters to deliver the initial success to make the model easier to work- i.e. achieve League One football. We've tried to do the same whilst the owner takes money out of our club.

We should be looking at Lincoln as an example of what we could be doing to deliver success. We can scoff as much as we want at them, but in the past couple of weeks they have played Bolton, Ipswich & Portsmouth in league matches whilst we've been playing the likes of Crawley and Stevenage.
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