[Guest_freelander2_*]

 jonnythespireite, on 23 July 2014 - 06:45 PM, said:

Turner is a bufoon. He is NOT adequately equipped to run the financial side of the business. Who is the internal accountant? Who produces the management information? Waiting until months after the year end to realise you've had a bad year confirmed by your year end accounts is unforgivably amateurish and is akin to locking the stable door after said hoss has bolted.
Surely Allen has his finger on the pulse more than that? If he runs his other operations like he does this then he must be the luckiest man alive to have generated the wealth he has.
Turner must fall on his sword for me. I don't see what he brings to the party.i don't doubt his football acumen but intellectually he ain't appearing on countdown anytime soon!

We had a full time FD in Alan Walters, who ran the Club post DB. Sadly the new lot never really fancied him & he never recovered from the IT fiasco & 'retired' last November.

At the AGM, it was said that the business didn't require a full time FD/Accountant. I think Sally Swain now runs the day to day activities & the rest is outsourced to a local accountant who I'd never heard of. Edit, John Waining is his name.

This post has been edited by freelander2: 23 July 2014 - 09:56 PM

[Wooden Spoon]

 freelander2, on 23 July 2014 - 06:00 PM, said:

Annoyed as I am at hearing that the Club had only just realised that we've averaged less than budgeted, I've spent 5 minutes looking at our attendances.

By the Plymouth match on the 14th December, our 11th home league game of the season, gates were recorded at 69,661 compared with a budgeted figure of 77,000, this period included games against Mansfield, Burton, York & Scunny. I think Phil T mentioned that the average net ticket price is about £14.50, therefore we were £106K down on where we needed to be in Mid December, alarm bells should have been ringing then. In fact, if you take the Mansfield gate out of the equation, CT could have predicted that if things didn't change, our gates would have been £300K+ down on where they needed to be for the season.

At this point, or before, the budget should have been revisited and control measures put in place, especially as we were £130K over budget on the playing side before a ball had been kicked. Does CT not have any management information reports showing actual results versus budget on a monthly basis?

It's clear to me that there has been absolutely no control & management at all, a total lack of understanding. At a time when the Club have increased prices right across the business to help alleviate the situation, I just hope there are changes behind the scenes to avoid a repeat in the future.

Oh & I must get this off my chest, the CEO of any business should be absolutely ashamed to mention in public that the owner has had to bail the business out on more than one occasion.

round of applause

[Wooden Spoon]

 freelander2, on 23 July 2014 - 09:49 PM, said:

We had a full time FD in Alan Walters, who ran the Club post DB. Sadly the new lot never really fancied him & he never recovered from the IT fiasco & 'retired' last November.

At the AGM, it was said that the business didn't require a full time FD/Accountant. I think Sally Swain now runs the day to day activities & the rest is outsourced to a local accountant who I'd never heard of. Edit, John Waining is his name.

well if the IT fiasco was enough for him to retire - this balls up ought to see some changes as well.




DA wouldn't allow this to happen at any other business he owns.

[Paul Fisher]

I think it also shows how much the CEO knows about the business side of CFC when he said that DA "owns" CFC in a recent interview.

Look, I get that businesses have bad years regardless of the annual forecast which says they shouldnt, but to get the attendance estimate over a 1000 out of kilter is a little awry. 7000 should be this years estimation not last years.

Last years figure should have been based on 12/13 and so forth and then blaming it on a f..k up at the summer concerts. It appears no-one researched the acts other than DA because 'he' like Tom Jones, it wasn't sell out, why wasn't it? Prices? Probably.

[Goku]

 freelander2, on 23 July 2014 - 06:00 PM, said:

Annoyed as I am at hearing that the Club had only just realised that we've averaged less than budgeted, I've spent 5 minutes looking at our attendances.

By the Plymouth match on the 14th December, our 11th home league game of the season, gates were recorded at 69,661 compared with a budgeted figure of 77,000, this period included games against Mansfield, Burton, York & Scunny. I think Phil T mentioned that the average net ticket price is about £14.50, therefore we were £106K down on where we needed to be in Mid December, alarm bells should have been ringing then. In fact, if you take the Mansfield gate out of the equation, CT could have predicted that if things didn't change, our gates would have been £300K+ down on where they needed to be for the season.

At this point, or before, the budget should have been revisited and control measures put in place, especially as we were £130K over budget on the playing side before a ball had been kicked. Does CT not have any management information reports showing actual results versus budget on a monthly basis?

It's clear to me that there has been absolutely no control & management at all, a total lack of understanding. At a time when the Club have increased prices right across the business to help alleviate the situation, I just hope there are changes behind the scenes to avoid a repeat in the future.

Oh & I must get this off my chest, the CEO of any business should be absolutely ashamed to mention in public that the owner has had to bail the business out on more than one occasion.

This is a rate post.

[KevoBMMD]

Working out a guestimate on the Away Supporters the average Away Support will be 978 for the season.

It will all depending on our position in the League as to whether we we will average 5,000 Home Fans or 7,500 Home Fans.

With an estimated 4,000 ST's sold a rough Base-line would be 4,978 with Pay on the days on top of that.
SO,

IMO an average Attendance figure for this coming season will be.........

6,028 - Bottom Third
6,728 - Mid Table
7,750 - Below Play Offs
8,531 - Play Offs

[Bobby Darling]

 freelander2, on 23 July 2014 - 06:00 PM, said:

Annoyed as I am at hearing that the Club had only just realised that we've averaged less than budgeted, I've spent 5 minutes looking at our attendances.

By the Plymouth match on the 14th December, our 11th home league game of the season, gates were recorded at 69,661 compared with a budgeted figure of 77,000, this period included games against Mansfield, Burton, York & Scunny. I think Phil T mentioned that the average net ticket price is about £14.50, therefore we were £106K down on where we needed to be in Mid December, alarm bells should have been ringing then. In fact, if you take the Mansfield gate out of the equation, CT could have predicted that if things didn't change, our gates would have been £300K+ down on where they needed to be for the season.

At this point, or before, the budget should have been revisited and control measures put in place, especially as we were £130K over budget on the playing side before a ball had been kicked. Does CT not have any management information reports showing actual results versus budget on a monthly basis?

It's clear to me that there has been absolutely no control & management at all, a total lack of understanding. At a time when the Club have increased prices right across the business to help alleviate the situation, I just hope there are changes behind the scenes to avoid a repeat in the future.

Oh & I must get this off my chest, the CEO of any business should be absolutely ashamed to mention in public that the owner has had to bail the business out on more than one occasion.

Excellent post! Given that DA has publically stated that he would prefer not to be hands on running the club I'm surprised that he appointed a man who had relatively little experience in running a business. I think Chris Turner is a genuine bloke but if I owned Town I would not have been impressed by his cv. Perhaps the signing we ought to be most interested in is a new CEO. That said as ever with Town it is extremely difficult to know what exactly went on.

[Guest_freelander2_*]

 Bobby Darling, on 24 July 2014 - 01:44 PM, said:

Excellent post! Given that DA has publically stated that he would prefer not to be hands on running the club I'm surprised that he appointed a man who had relatively little experience in running a business. I think Chris Turner is a genuine bloke but if I owned Town I would not have been impressed by his cv. Perhaps the signing we ought to be most interested in is a new CEO. That said as ever with Town it is extremely difficult to know what exactly went on.

The idea of working blind for months & months is alien to me, in fact, it would scare the wotsit out of me. Why would you not want to know how the business is performing on a daily/weekly/monthly/quarterly basis?

Either Dave Allen needs to be more hands-on or he needs to introduce someone capable of running the business, if these changes don't take place, the outcome will be the same.

Interestingly, we were having a meal at Owlerton about 18 months & four blokes came to sit at the table opposite. I recognised two of them, one was Dave Allen's son, Mark & the other, John Gilburn, Owlerton's MD. Despite the meeting being an informal chat over a meal, it became apparent in a short space of time that they knew their business inside out, both commercially & financially. Considering the fact that Owlerton stadium is a similar sized business to CFC, you couldn't get two more extremes in CEO/MD if you tried, for starters, one's a qualified accountant!

This post has been edited by freelander2: 24 July 2014 - 05:52 PM

[Paul Fisher]

This may sound radical but I'd slash CT's wages for this farce and employ a business equivalent with the remainder, I CT thought that harsh well, there is the door