[lindo-spireite]

spireitenag, on 07 February 2016 - 12:07 AM, said:

The biggest cause of our debt was the failure of the previous regime to budget correctly for the ground move.

Wow, people actually believe the Sheffield mafia

[Mr Mercury]

lindo-spireite, on 07 February 2016 - 12:13 AM, said:

Wow, people actually believe the Sheffield mafia

I'm just sitting here scratching my head of Spireitesnags post.. It quite literally is the most ridiculous post I've ever seen...I'm astounded!

[Goku]

spireitenag, on 07 February 2016 - 12:07 AM, said:

The biggest cause of our debt was the failure of the previous regime to budget correctly for the ground move.

And Dave Allen just walked into this blindly right?

[Goku]

djs, on 07 February 2016 - 12:24 AM, said:

You make a lot of assumptions without substantiating anything you say. You are quite negative about everything CFC aren't you.

Everything has already been substantiated for me by people like Freelander2 who is more intelligent and has a better grasp on these things than me. When have *you* ever even come close to substantiating anything? Your entire persona is that of a blue tinted delusion person who refuses to critically analyse anything whatsoever and would rather stick his fingers in his ear and shout than actually wake up and see what's happening. I'm very negative about CFC at the minute, we're quickly becoming a joke, we're haemorrhaging money, safe to say I'm not chuffed.

[Wooden Spoon]

djs, on 06 February 2016 - 11:45 PM, said:

So CT was the reason for that debt? And for our debt too?

Isn't the CEO responsible for the day to day running of a business?

[Wooden Spoon]

spireitenag, on 07 February 2016 - 12:07 AM, said:

The biggest cause of our debt was the failure of the previous regime to budget correctly for the ground move.

The last seasons losses have nothing to do with the debts. If CFC had no debts and had no interest payments to make the club would still have lost close to £2,000,000.
That's not opinion, that's not hearsay. It's fact, as shown in the accounts.

spireitenag, on 07 February 2016 - 12:07 AM, said:

The biggest cause of our debt was the failure of the previous regime to budget correctly for the ground move.

The last seasons losses have nothing to do with the debts. If CFC had no debts and had no interest payments to make the club would still have lost close to £2,000,000.
That's not opinion, that's not hearsay. It's fact, as shown in the accounts.

[azul]

a kick in the balls, on 07 February 2016 - 12:55 AM, said:

The last seasons losses have nothing to do with the debts. If CFC had no debts and had no interest payments to make the club would still have lost close to £2,000,000.
That's not opinion, that's not hearsay. It's fact, as shown in the accounts.

The fact that this historic debt is being peddled again as the root cause of our current losses beggars belief and by someone who is organising a "clear the air" meeting.

[Wooden Spoon]

azul, on 07 February 2016 - 01:04 AM, said:

The fact that this historic debt is being peddled again as the root cause of our current losses beggars belief and by someone who is organising a "clear the air" meeting.

Should have read last 2 season

[azul]

Goku, on 07 February 2016 - 12:17 AM, said:

And Dave Allen just walked into this blindly right?

Anyone competent in business would undertake thorough due diligence when acquiring another business. I'm sure any shortfall would have been discovered in such a process

So that leaves one of two possibilities.

[The Earl of Chesterfield]

spireitenag, on 07 February 2016 - 12:07 AM, said:

The biggest cause of our debt was the failure of the previous regime to budget correctly for the ground move.

Sorry Nidge, but that's just wrong.

The majority of the debt has been accrued since the move.

[Ernie Ernie Ernie]

azul, on 07 February 2016 - 01:04 AM, said:

The fact that this historic debt is being peddled again as the root cause of our current losses beggars belief and by someone who is organising a "clear the air" meeting.

Our debt is increasing way beyond the interest on the historic debt. Our debt is increasing because people at the club can't get to grips with "unexpected" items of expenditure

[Rudeboy spireite]

We have got to be extremely worried about our level of spiralling debt. As many people have pointed out, our debt is rising during one of our most successful periods. I have no idea of DA 's plans or his level of future investment if any. I am aware though of many fans becoming dissalusiined and peed off. Very worrying is the amount of fans saying that they will not be investing as much of their hard earn't money if indeed any of their money next year. A substantial reduction in our income next year will be disastrous for the club.

[martatcross]

Organise a concert
give the managers job to someone who doesnt know what they are doing
put in a computer system that doesnt work properly
blame the council because they wont write of a millon quid of public money
blame the fans because they wont turn up in numbers to watch a team that get beat nearly every home game
The magic formula

[spireitewolf]

a kick in the balls said:

1454806551[/url]' post='1183723']
The last seasons losses have nothing to do with the debts. If CFC had no debts and had no interest payments to make the club would still have lost close to £2,000,000.
That's not opinion, that's not hearsay. It's fact, as shown in the accounts.


The last seasons losses have nothing to do with the debts. If CFC had no debts and had no interest payments to make the club would still have lost close to £2,000,000.
That's not opinion, that's not hearsay. It's fact, as shown in the accounts.

WHY !!!!

[ELTON 2020]

freelander2, on 06 February 2016 - 08:19 PM, said:

It's time for Allen to market the club and move on. As you say, it's turning into a nightmare and he only has himself to blame I'm afraid.

This summer will prove very interesting.

In what sense- go on....

Goku, on 07 February 2016 - 12:34 AM, said:

Everything has already been substantiated for me by people like Freelander2 who is more intelligent and has a better grasp on these things than me. When have *you* ever even come close to substantiating anything? Your entire persona is that of a blue tinted delusion person who refuses to critically analyse anything whatsoever and would rather stick his fingers in his ear and shout than actually wake up and see what's happening. I'm very negative about CFC at the minute, we're quickly becoming a joke, we're haemorrhaging money, safe to say I'm not chuffed.

On this point I agree sir - the sooner Blake Herd and Novak go the better.

[azul]

Elton John 1866, on 07 February 2016 - 10:20 AM, said:

In what sense- go on....

I'll have a go at explaining......

DA is separating out the banqueting/catering side which up to now makes a profit. He will use that profit to reduce the loans to A&S Leisure.

There wouldn't be much point of that if he then continues to build up losses on what remains (stadium and the football side). His argument will be that this makes the losses the football side is making highly visible. This will give him ammunition to make cost cutting which will primarily be on the player budget against a likely backdrop of poor season ticket sales and attendances.

I'd expect that is part of what F2 was suggesting

Now this might be a prelude to something much more sinister but we'll stick with what is the most likely scenario until we see the situation develop.

Of course his £250K profit from banqueting/catering (which seems quite modest to me) was achieved during an unprecedented success on the field which resulted in good attendances and a great feeling of well being. If things drop off in these areas so may his profit from the match day catering.

[DIFH]

a kick in the balls, on 07 February 2016 - 12:51 AM, said:

Isn't the CEO responsible for the day to day running of a business?

If thats his only job ?

[Westbars Spireite]

The idea that the banqueting/catering can be separated from the football business is ridiculous. They don't exist without the football.

[DIFH]

Westbars Spireite, on 07 February 2016 - 01:24 PM, said:

The idea that the banqueting/catering can be separated from the football business is ridiculous. They don't exist without the football.

Accountants can make anything happen, apart from 3pts every week.

Elton John 1866, on 07 February 2016 - 10:20 AM, said:

In what sense- go on....



On this point I agree sir - the sooner Blake Herd and Novak go the better.

ok but we'd look pretty thin on the ground.