Club Accounts

Quoted from nealeardleyscrossing

I was very surprised you didn't go for Adelakun, played in this area for Scunny and obviously us (Lincoln) - Clearly a good L2 player, just a step too far at League 1 level. He is a handful on his day that is for sure.

We might have done.

Clearly the cup run made a difference and the underlying picture is pretty much one of still living a bit hand to mouth but since 1878 took over better infrastructure, transparent ownership and the ghost of Fenty finally gone.I know they've had some stick but the turnaround is really good both in terms of finances and engagement.

What the accounts also say without saying it is that we must stay in the EFL.

Quoted from Hagrid

Because he's injured again.

And Im blaming Hurst for it, that okay with you? He didnt give himself a 3 year deal did he

Be fair. We’re at a level where every signing we ever make has a flaw in his game or his body or mentality.

The accounts indicate 2 glaring things in my opinion…

1) it’s incredibly difficult for us to realise the potential of the club in our current facilities.

2) Stockwood & Pettit need to crack on and find additional investors to lighten the load on them if we are continuing with the current budgets even with the expected jump in EFL TV money and PL solidarity payments (if we’re still an EFL club).

Quoted from GollyGTFC

Be fair. We’re at a level where every signing we ever make has a flaw in his game or his body or mentality.

indeed, so why give him a 3 year deal. crazy

The accounts, to me, clearly illustrate what the league position shows; a struggling League 2 club. The plan for the future looks good but it is the here and now that counts. Commercial income is slightly down but nowhere where it should be.

The club shop is doing ok and the gates are about as good as it is going to get unless there is a massive improvement in form in the last few home games. BP is swallowing cash due to an apparent lack of investment and maintenance by the last owner over the last 20 odd years

I'm sure JS & AP are aware of grants to help BP but in reality, it has had its day and we are not going to get huge streams of income from BP. Similarly, I think they will find investment income hard to find, even though JS did say earlier in his tenure that getting hold of money is easy ( or words to that effect ).

So we are where we are. A win on Saturday will certainly help the cause.

UTM

So where’s the attraction for someone to invest, if they are to put say £1 million in as an “ investment “ how do they get their money back plus a return.

To our Lincoln poster i see your massive club only got 6800 attendance last night lol
We will get more Saturday

Quoted from Limerick Mariner

I thought I saw that the work to the Main Stand this summer would be another £400k+, if correct that will mean a total of close to £1.3 million has been spent of BP and Cheapside since 1878 bought the club ie - the cup run has paid for that.

A key question is once that work is done will that £400k+per annum reduce?

Isn't there another large piece of work due at some point on The Findus ?

Quoted from Mappers

Isn't there another large piece of work due at some point on The Findus ?

I watch the games on ITV4 showing old matches, currently covering the 80/81 season, and you see grounds like Barnsley, Notts County recently Mansfield were on and you realise how much all these clubs have invested in and improved their respective grounds. I appreciate Barnsley had a brief flirtation with the Premiership but the others haven’t and it’s the same all over the country. Our newest stand is now 40 years old and doesn’t even go all the way down one side of the pitch.

We continually have threads about new ground and/or rebuilding BP but something does need to happen as the Main & Osmond stands aren’t going to last forever and if they do, eventually, get closed down for safety reasons we will be well and truly in the mire.