[Tylerdurdencfc]

i feel the club is in its biggest crisis that it has ever been, that in itself is a statement and a half.

Yes we all know the club were hours from death under brown but that was down to him being a crook that wasn't clever.

The club at present is massively unsustainable and Can only end one way at present unless someone buys the current owner out.

I'm sensing a Phoenix club at this rate, I can't see anything other from the mess the club are in. You cannot rely on transfer fees to keep bailing the club out, no wonder they wanted Barry, carol and all the others out of the club.

It's time to act!

[AllTownArentWe]

Darren Brown?

Much worse, the club nearly went extinct.

[gordon_brittas]

Tylerdurdencfc, on 24 October 2016 - 08:19 PM, said:

i feel the club is in its biggest crisis that it has ever been, that in itself is a statement and a half.

Yes we all know the club were hours from death under brown but that was down to him being a crook that wasn't clever.

The club at present is massively unsustainable and Can only end one way at present unless someone buys the current owner out.

I'm sensing a Phoenix club at this rate, I can't see anything other from the mess the club are in. You cannot rely on transfer fees to keep bailing the club out, no wonder they wanted Barry, carol and all the others out of the club.

It's time to act!

I think the biggest worry is the ground. Is like a Coventry type situation if you ask me. Ive no idea if there is a covenant on the Proact, but I can see a major fall out with the current CFC being evicted. I think the same think happened at Darlington with George Reynolds, and this sadly led to there demise. Without the ground, the club is nothing.

This club will not survive in its current format. When will HMRC come knocking? Think they are after Bury at present.

This post has been edited by gordon_brittas: 24 October 2016 - 08:31 PM

[JonB]

The land the ground is on can only ever be a football ground so it'd have to be someone coming into buy the ground to use it.

This post has been edited by JonB: 24 October 2016 - 08:35 PM

[Tylerdurdencfc]

Angel Is A Spireite, on 24 October 2016 - 08:20 PM, said:

Darren Brown?

Much worse, the club nearly went extinct.

That was due to an opportunist crook that luckily didn't get away with it.

This is an unsustainable model. Lack of transfer income this season will generate a significant loss next season and a huge rise in debt, this coupled with relegation could be the ultimate demise.

You end up with a lack of income, fail to pay off the interest, fail to pay tax, etc etc...

The club cannot survive like this as eventually assets run out.

[Security66]

Tylerdurdencfc, on 24 October 2016 - 08:36 PM, said:

That was due to an opportunist crook that luckily didn't get away with it.

This is an unsustainable model. Lack of transfer income this season will generate a significant loss next season and a huge rise in debt, this coupled with relegation could be the ultimate demise.

You end up with a lack of income, fail to pay off the interest, fail to pay tax, etc etc...

The club cannot survive like this as eventually assets run out.

Good post Millo

[60s 70s Spireite]

To be fair, DA hasn't said he will withdraw financial support he has put in, nor has indicated he will be asking for his money back by winding up the company.
He has indicated he wont invest in the playing staff. If the club fails, its him who stands to lose more money than anybody. How he gets himself out of corner he is in is beyond me, but popping the club wouldn't do him any favours in terms of recovering his cash in the club.

Hopefully it's not by selling the football club and retaining the ground to be rented at an impossible rent.

This post has been edited by 60s 70s Spireite: 24 October 2016 - 08:39 PM

[gordon_brittas]

Tylerdurdencfc, on 24 October 2016 - 08:36 PM, said:

That was due to an opportunist crook that luckily didn't get away with it.

This is an unsustainable model. Lack of transfer income this season will generate a significant loss next season and a huge rise in debt, this coupled with relegation could be the ultimate demise.

You end up with a lack of income, fail to pay off the interest, fail to pay tax, etc etc...

The club cannot survive like this as eventually assets run out.

Nail on head. I would imagine with an impending relegation take another 1,200 off the gate. Thats us down to high 3000s low 4000s crowds. Factor in poorer away attendances and the impending threat of League 3 thats revenue from gates down by about 25-30%. With no saleable assets and a complete rebuild of a squad we will struggle to attract any talent, thats putting us within danger of the likes of Crawley Town, Yeovil, Newport et al for a long relegation battle to avoid relegation of the conference. The casual fan will not pay to see this so were down to Saltergate level attendances with a debt of about £10 million.

Sends chills down the spine thinking about this....

[Tylerdurdencfc]

60s 70s Spireite, on 24 October 2016 - 08:38 PM, said:

To be fair, DA hasn't said he will withdraw financial support he has put in, nor has indicated he will be asking for his money back by winding up the company.
He has indicated he wont invest in the playing staff. If the club fails, its him who stands to lose more money than anybody. How he gets himself out of corner he is in is beyond me, but popping the club wouldn't do him any favours in terms of recovering his cash in the club.

Hopefully it's not by selling the football club and retaining the ground to be rented at an impossible rent.

Depends how long you can pan it out for at £283,000 interest or whatever it is per year, four years over a million pound back in the coffers.

Make it quicker by taking a loan from the council and adding it to your own at 5% then the interests payments increase which means less years to get your money back in interest. Eventually you get your money back.

[moondog]

I think DA's gaming licence could come under threat should a business he is a director of go under, so the business is safe in that sense.

[60s 70s Spireite]

Tylerdurdencfc, on 24 October 2016 - 08:44 PM, said:

Depends how long you can pan it out for at £283,000 interest or whatever it is per year, four years over a million pound back in the coffers.

Make it quicker by taking a loan from the council and adding it to your own at 5% then the interests payments increase which means less years to get your money back in interest. Eventually you get your money back.

If the losses are greater than the interest you charge, and you are the major shareholder who suffers the losses incurred, how does he get his money back? You do the math as they say.

[CFC91]

Angel Is A Spireite, on 24 October 2016 - 08:20 PM, said:

Darren Brown?

Much worse, the club nearly went extinct.

Keep burying your head.

Allens business plan is dependant upon selling millions of pounds worth of players to break even. What happens when those assets dry up?

Scary times. If fans don't act soon that scenario won't be far away. Don't think Allen will plug the shortfall next year when we have nobody to sell, gates have halved and we are entertaining Forest Green

[RikShaw]

moondog, on 24 October 2016 - 08:48 PM, said:

I think DA's gaming licence could come under threat should a business he is a director of go under, so the business is safe in that sense.

I found the recent transfer of some of DA's shares to others quite interesting......

[Misnomer]

Maverick, on 24 October 2016 - 09:00 PM, said:

I found the recent transfer of some of DA's shares to others quite interesting......

Please elaborate further, Maverick?

[Stockholm Spireite]

I hear that someone was gifted a quite large number of shares

[dim view]

JonB, on 24 October 2016 - 08:35 PM, said:

The land the ground is on can only ever be a football ground so it'd have to be someone coming into buy the ground to use it.

As I understand it......
The 10 acres were gifted to CFC by the land owner (Tesco I think) on the understanding that football must be played there. A change of use is possible in theory if Tesco accepted a competitive price for the acres.

[RikShaw]

Well, pure speculation on my part, but if this is just the start in a gradual transfer of his shares to AC and others, DA has a get out and therefore removing the potential threat to his gaming licence(as mentioned above) but would still remain in control of CFC being its biggest creditor.
like I said, just my speculation.

[JonB]

dim view, on 24 October 2016 - 09:13 PM, said:

As I understand it......
The 10 acres were gifted to CFC by the land owner (Tesco I think) on the understanding that football must be played there. A change of use is possible in theory if Tesco accepted a competitive price for the acres.

I thought the council put in the local plan for the area that whoever bought the land did so on the basis that chunk was a football ground so Tesco/developers had no choice?

[Misnomer]

Thursday 2nd February 2012....how things change, eh, Dave?

"I said to the AGM the other night, a lot of you question whether we're spending too much on catering and banqueting rather than on the football, but I can assure you, we're not. I don't have any problems in getting it right and spend a lot of time on that, but the club has a £6 million debt and it needs servicing. The Banqueting Suite services that debt."


"The base crowd is 5,000 plus - I want it to be 7,000 and we should be able to do that. The crowds have been great, it's a day out. Fans from other teams and Directors come and they're flabbergasted by the quality of the stadium and the food and bars. We're hosting the Weston Park Ball here this month, we've pulled that out of Sheffield."

You came here with a plan, but, looking back to last season, did you think in your wildest dreams that things would go that far that quickly?

"Yes! It was planned! I bought the Manager (John Sheridan) in , I know what he's capable of - and the team around him with Tommy (Wright) and Mark (Crossley) - never been any doubts in my mind. We'll be a Championship club in a few years, don't worry about that.

It's a huge community resource too of course?

It's a change of culture, the new club. Saltergate was the corner shop; the club now is the Superstore. Chris Turner is the CEO and running the business now."

What are the plans for the stadium next?

"We've got it right - the concourses, food, TV and drink - when you look at the clubs around us, we're not Sheffield Wednesday, United or Huddersfield, we're in a town the same size as Barnsley - about 80,000 - they struggle to get 10,000 sometimes.

"I think it wants taking up a few thousand by filling in each corner, taking us up to about a 14,000 capacity - that'll be Championship football level.

"In this division, you're always going to get 4 or 5 clubs that get crowds between 15 and 20,000, for instance, Charlton and Huddersfield, and so their wage budget is bigger, but that's not everything.

"I remember Reading got promoted to the Premier league some years ago on a budget of £4.5 million, which is very small. They went up because they identified good young players and had a good Manager in Steve Coppell. We shall identify good young players and we've got a great management team. We're up for 10 exciting years at Chesterfield Football Club.

"Mistakes have been made - and I have said that. I've said that no one goes on holiday this Summer until I know who's coming in.

"I Insisted that the Chairman give the Managemnet Team an extended contract because I didn't want to lose them. I had no intention of sacking John and never will do. You will get one or two calling for his head, people are entitled to their opinion, and they pay their money.

"We've brought some good kids in, I've made money available and I'm confident that it's onwards and upwards!"

And what's next for Chesterfield Football Club?

"I do want Chesterfield to get to the Championship and I want the business to develop and the fan base to be a regular 7,000. It's all good.


How hands on are you now in terms of the day to day running of the club?

"When I originally came here, it was just to invest the cash and look after the catering, but I became more involved. However, since we’ve appointed Chris (Turner) as CEO - it's not so important as he's running it now."

[Tylerdurdencfc]

Misnomer, on 24 October 2016 - 09:38 PM, said:

Thursday 2nd February 2012....how things change, eh, Dave?

"I said to the AGM the other night, a lot of you question whether we're spending too much on catering and banqueting rather than on the football, but I can assure you, we're not. I don't have any problems in getting it right and spend a lot of time on that, but the club has a £6 million debt and it needs servicing. The Banqueting Suite services that debt."


"The base crowd is 5,000 plus - I want it to be 7,000 and we should be able to do that. The crowds have been great, it's a day out. Fans from other teams and Directors come and they're flabbergasted by the quality of the stadium and the food and bars. We're hosting the Weston Park Ball here this month, we've pulled that out of Sheffield."

You came here with a plan, but, looking back to last season, did you think in your wildest dreams that things would go that far that quickly?

"Yes! It was planned! I bought the Manager (John Sheridan) in , I know what he's capable of - and the team around him with Tommy (Wright) and Mark (Crossley) - never been any doubts in my mind. We'll be a Championship club in a few years, don't worry about that.

It's a huge community resource too of course?

It's a change of culture, the new club. Saltergate was the corner shop; the club now is the Superstore. Chris Turner is the CEO and running the business now."

What are the plans for the stadium next?

"We've got it right - the concourses, food, TV and drink - when you look at the clubs around us, we're not Sheffield Wednesday, United or Huddersfield, we're in a town the same size as Barnsley - about 80,000 - they struggle to get 10,000 sometimes.

"I think it wants taking up a few thousand by filling in each corner, taking us up to about a 14,000 capacity - that'll be Championship football level.

"In this division, you're always going to get 4 or 5 clubs that get crowds between 15 and 20,000, for instance, Charlton and Huddersfield, and so their wage budget is bigger, but that's not everything.

"I remember Reading got promoted to the Premier league some years ago on a budget of £4.5 million, which is very small. They went up because they identified good young players and had a good Manager in Steve Coppell. We shall identify good young players and we've got a great management team. We're up for 10 exciting years at Chesterfield Football Club.

"Mistakes have been made - and I have said that. I've said that no one goes on holiday this Summer until I know who's coming in.

"I Insisted that the Chairman give the Managemnet Team an extended contract because I didn't want to lose them. I had no intention of sacking John and never will do. You will get one or two calling for his head, people are entitled to their opinion, and they pay their money.

"We've brought some good kids in, I've made money available and I'm confident that it's onwards and upwards!"

And what's next for Chesterfield Football Club?

"I do want Chesterfield to get to the Championship and I want the business to develop and the fan base to be a regular 7,000. It's all good.


How hands on are you now in terms of the day to day running of the club?

"When I originally came here, it was just to invest the cash and look after the catering, but I became more involved. However, since we’ve appointed Chris (Turner) as CEO - it's not so important as he's running it now."

Fatal mistake!