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Lincoln City shows £2.24 Million Loss

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Trawler
January 30, 2020, 12:05am
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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.”


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KingstonMariner
January 30, 2020, 12:20am
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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

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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
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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.


“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.”
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diehardmariner
January 30, 2020, 9:22am
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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

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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
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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
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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

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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

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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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