Lincoln City shows £2.24 Million Loss

I think if we had £2m in the bank from an amazing cup run, would we not want some of that spent on our crumbling infrastructure?  

If Lincoln are planning to sustain themselves at tiers 2/3 by turning youth into saleable assets then they need modern infrastructure to attract talent.  Seems a good investment to me, might as well fix the roof while the sun is shining.

The big test will be the next 3 years while they transition to this new plan and cut their playing budget.  We've seen how results can rapidly fall away when investment in the squad dries up.

Quoted from GollyGTFC

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.

Yes, they will argue that is where the cash comes from Golly. Those were one-off injections that they have taken advantage of and that is fair enough. The crunch comes down the line when there are only the sell-ons to provide the income to cover costs and interest payments. They have had to change their money model and it sounds all nice and feasible - and it is - providing they can generate the income.

Quoted from TheRonRaffertyFanClub

Yes, they will argue that is where the cash comes from Golly. Those were one-off injections that they have taken advantage of and that is fair enough. The crunch comes down the line when there are only the sell-ons to provide the income to cover costs and interest payments. They have had to change their money model and it sounds all nice and feasible - and it is - providing they can generate the income.

How do you know this wasn't always their strategy. Invest in the short term until they reached League One and then go down the Peterborough route when they are in the 3rd tier and can attract better young players.

Their January business points to that. They've lost Toffolo for a big profit, offloaded 3 senior players on high wages, signed an experienced proven L1 goalscorer and 3 highly rated 21-year-olds.

Interest payments? Who said they were in debt? They lost £2,4m (of which £600k was performance bonuses and transfer add-on clauses for promotion), but they sold £1.4m of new share capitol and the rest was covered by cash reserves and guaranteed future income,

Given their player sales, net £666,666 from losing the Cowley's, 50% more TV money and increased gate receipts in League One I think they are going to be okay.

Quoted from GollyGTFC

How do you know this wasn't always their strategy. Invest in the short term until they reached League One and then go down the Peterborough route when they are in the 3rd tier and can attract better young players.

Their January business points to that. They've lost Toffolo for a big profit, offloaded 3 senior players on high wages, signed an experienced proven L1 goalscorer and 3 highly rated 21-year-olds.

Interest payments? Who said they were in debt? They lost £2,4m (of which £600k was performance bonuses and transfer add-on clauses for promotion), but they sold £1.4m of new share capitol and the rest was covered by cash reserves and guaranteed future income,

Given their player sales, net £666,666 from losing the Cowley's, 50% more TV money and increased gate receipts in League One I think they are going to be okay.

Agree Golly and I've given you a tick.  I got red crossed for stating facts....😂.  

Lincoln have a new training ground but it’s leased at a cost of £35k per annum and it’s been built on clay and susceptible to flooding and has already had to be returned.

Whilst the talk over here is that there model for next 5 years anticipated an initial loss which would if necessary be covered by increased investment from the South African connection on the board plus some increased local involvement.

Many rumours over here about how the Cowleys were given too much freedom to spend money, Gangmowergate re £35k new cutting equipment being just one. The announcement of McCombe leaving the club was allegedly a termination due to the sharing of Appleton’s training programs with the Cowleys.

They are trying to get older players off the books as a number on 4/5k per week hence Akinde leaving for no fee.

Unfortunately for me no sign of their bubble bursting just yet and I think in Nates they have one smart businessman running the show.

Some sense being spoken - and some guessing I think.

We lost over 2 million (price of being champions twice in 3 years)- But Investors put in 1.4 million, not loans either, 1 million for the Cowley's and also 700k for Toff, Andrade, O'Connor, Akinde (Akinde did command a fee - Why would we give him away? By my estimation thats nearly 3 million, plus a massive increase in commercial, now have a superstore in Centre of City which has quadrupled income. We are also building another tier on the Stacey West stand which will take capacity to 12k and increase matchday revenue.

The trainng ground has had teething problems but is a real selling point for new arrivals..We are trying to follow the Peterborough model, hence the signing of young players - We have no chance of keeping John - Jules though - Arsenal would never let him go! Our biggest problem is we are playing against some huge clubs with multi million pound strikers etc - Its a very hard league, we need 15pts and then I will relax a bit - But with Forest rumoured to be re-calling Walker though they have to pay a penalty I am concerned, we have just paid 150k for a striker, but will need to get another proven one - We are linked with the lad Swindon sent back to Rotherham and also a young lad from Man Utd..

Quoted from nealeardleyscrossing

Some sense being spoken - and some guessing I think.

The trainng ground has had teething problems but is a real selling point for new arrivals.

Yeah, players joining Lincoln don't have to go anywhere near the City now apart from for a few hours on match day. Should really help sign players.

Just a general point - not directly linked to Lincoln.

The price of  massively over-spending, poor management/ownership and little or no investment is more critical these days.  Look at Bury, Bolton, Macclesfield, Chesterfield. Not including the ex-Prem teams that have ended in Div 1 (or Div 2).

Parodoxically, the financial rewards are greater in the Prem, and for returning to the Championship.This encourages teams to gambol, over-spend and go for it.  Derby being just one example.

Greed, ego and unrealistic expectations do not sit well with football club ownership.  Steady, measured progress is probably the best plan for success.

[quote=140317]Some sense being spoken - and some guessing I think.

We lost over 2 million (price of being champions twice in 3 years)- But Investors put in 1.4 million, not loans either, 1 million for the Cowley's and also 700k for Toff, Andrade, O'Connor, Akinde (Akinde did command a fee - Why would we give him away?

Well you may be better informed than me but I was told by a current Lincoln player that a fee was not paid for Andrade or Akinde thus seems a bit odd as he has no reason to tell porkies.

Saw the Lincoln youth team play Clee Town there wasn’t anyone in their team who stood out.