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Club Accounts

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BobbyCummingsTackle
February 29, 2024, 12:41pm
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No mention of our head of recruitment in the decisions made this summer. It may not have been all Hurst's doing.


Miss Scunthorpe. Not a beauty pageant, just sound advice.
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ska face
February 29, 2024, 12:43pm

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Ultimately because it’s the manager who has the final say, as Hurst liked to constantly remind everyone.
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Yoda
February 29, 2024, 12:43pm
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if our stats guy picked these players he should be sacked.
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Mappers
February 29, 2024, 12:45pm
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Quoted from HerveJosse
Having seen the accounts I am not as pessimistic as most. The owners do appear to have stepped up with their funding the statement that their loans shortly to be converted to share capital are now £3m suggests a further £800k injected post these accounts which should fund this seasons loss.
Conversion to share capital means no benign loans to repay on the day they want out. When it comes. So far at least .
Playing budget increased by 22% over these figures for current season
With this funding we should have been challenging for a play off spot
Owners are entitled to be frustrated as a result .
Whose fault is it ?
We can see the playing budget has been spent appallingly badly.
While less transparent to us the back office staff spending may also have been spent appallingly badly.
Ultimately the owners control these things and it is ironic that with were their acclaimed business background they haven’t been able to manage this business remotely well so far.
Where does that leave us ?
I think we only have a short time left for the current owners to get it right before pressures to inject  more money lead them to consider their position .
Perhaps the conversion of their loans to share is a prelude or requirement of a new investor  or investors. I hope so it’s needed


Pretty much where I am . I wonder what their limit as to what they will put in , they must be 5-6 million deep already . It would probably be 10-15mil in the next 5 to 10 years assuming the need to keep investing to maintain/keep up ; they must have a line somewhere .

My worry for them is they think the regulator & this new TV deal will somehow level out the playing field ,and the game lower down will be  more sustainable in the not too distant future . I just don't see it happening and it could be the case they keep ploughing money in thinking it's coming but it never does .
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jamesgtfc
February 29, 2024, 12:50pm
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No mention of our head of recruitment in the decisions made this summer. It may not have been all Hurst's doing.


It would seem odd for the Head of Recruitment to identify a few players that have played for Hurst previously. Eastwood, Eisa, Pyke. Whoever identified Eastwood as an ideal replacement for Crocombe made a huge mistake.
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Nelly GTFC
February 29, 2024, 12:59pm
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Quoted from jamesgtfc
It would seem odd for the Head of Recruitment to identify a few players that have played for Hurst previously. Eastwood, Eisa, Pyke. Whoever identified Eastwood as an ideal replacement for Crocombe made a huge mistake.
And Doncaster signing some other rookie French goalkeeper from Hull City 5 games ago, as well as winger Adelakun (3 goals in 6 games) from Lincoln City on loan.  They have since won 3 games and drawn 2, before that going back for 7 losses out of 12 games with 1 win, rest draws.


Performance / Top Scorers / Assists / Discipline - Grimsby Town Statistics >> https://www.espn.co.uk/football/team/squad/_/id/386/eng.grimsby
Form Over Last 10 Games - Grimsby Town >> https://www.footballwebpages.co.uk/grimsby-town/form-guide/ten
Player Contracts - Grimsby Town >> http://codalmighty.com/site/ca.php?article=4202
Links on football clubs inc Grimsby Town >> https://footballclubforums.com/
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David Frazer
February 29, 2024, 12:59pm
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Well Diehard ,i think you will find we are a very very transparent club according to Kieran Mcaguire(?),we dont owe 4million pounds as our annual debt is written off every year ! Also the profit you made would not be so ,less £3million injection and a player sale of @£300k around £2.7 million loss ,very similar to ours ! I think we made a profit 2016/17 season when we had cup fortune!

Nobody is worried about our owners ,a billionaire(im told),plus another group of americans ( worth millions) there stated as here for the long term,plus Our outstanding chairman Sir Clive Nates plus others.

There  stated aim is i repeat the Championship which i agree is an absolutely bonkers financial place .Preston i read lose £12million a year to be midtable.

Good luck saturday in your 6pointer which you wont lose or be relegated.
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lew chaterleys lover
February 29, 2024, 1:05pm
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Quoted from jamesgtfc


It would seem odd for the Head of Recruitment to identify a few players that have played for Hurst previously. Eastwood, Eisa, Pyke. Whoever identified Eastwood as an ideal replacement for Crocombe made a huge mistake.


You are probably right but I doubt the recruitment specialist holds as much sway as people think. Any of us could identify 30 players based on a variety of reasons, but most will get better offers, they might not like the manager or his methods, they might not wish to move for a variety of reasons. A surprising number of managers and players prefer working with people they know, its just human nature I guess. Buckley used to sign loads of his players time and again as I suppose you know what you are getting.

With all that in mind and that most managers will have their own lists of players they know of and would like to sign I bet the recruitment chap primary role is to take the pressure off the manager with the enquiries and phone calls rather than actually shaping the squad, maybe with the odd unidentified target like Conteh thrown in.
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GibMariner
February 29, 2024, 1:08pm
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Alarmed really. A lot masked by the football fortune and thank god for that and the new streaming income.

Incomes otherwise are very disappointing and have flat lined at best.

God know what next years accounts will show, but I do concern as these figures do not reflect things we know, that have gone wrong this season.

At the moment loans by 1878 Partners are not covered by any agreement and can be recalled on demand so roll on the EGM.
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arryarryarry
February 29, 2024, 1:28pm
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So how much will it cost the owners to bin the commercial manager and the recruitment manager?
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