[Search & Destroy]

Ok they made a profit, but if the profit was a reported £70k and the budget was £200k then that still shows as a loss on the accounts.

And as that money was earmarked for debt management or interest repayment has the money had to come from elsewhere?

Sort of our version of austerity measures.

[Andy Spireite]

Search and Destroy, on 20 July 2014 - 07:13 PM, said:

Ok they made a profit, but if the profit was a reported £70k and the budget was £200k then that still shows as a loss on the accounts.

And as that money was earmarked for debt management or interest repayment has the money had to come from elsewhere?

Sort of our version of austerity measures.

Reported where? And how do you know how much was budgeted?

[Search & Destroy]

Read it somewhere that TJ made a profit and the party lost money.

[Johnnyspireite7]

Search and Destroy, on 20 July 2014 - 07:24 PM, said:

Read it somewhere that TJ made a profit and the party lost money.

On here Genius!!! By someone who was guessing!

[Search & Destroy]

No, I think it was semi official.

Anyhow, looking at the attendance, would you imagine the PATP made a profit or a loss.

And when you've answered that question what do you imagine the expectation by the board? Profit or loss?

[Andy Spireite]

Search and Destroy, on 20 July 2014 - 07:33 PM, said:

No, I think it was semi official.

Anyhow, looking at the attendance, would you imagine the PATP made a profit or a loss.

And when you've answered that question what do you imagine the expectation by the board? Profit or loss?

Well given the infrastructure cost (staging, lighting, etc) would have been borne by the Tom Jones concert, what else is there to fund other than staff and the fees for the acts performing? Given the ticket sales as well as food and drink sales, I struggle to see how we made a loss (unless we paid the acts over the odds).

[Norton Blue]

Johnnyspireite7, on 20 July 2014 - 07:26 PM, said:

On here Genius!!! By someone who was guessing!

No guessing about it. Tom jones made money, PATP lost money. Ignore if you wish, put your head in the sand if you wish, believe the world is flat if you wish.....

[starsky72]

Was the cost for the staging etc etc split evenly between the two concerts when evaluating the profitability?

[Nitrous Oxide]

No surprise PATP lost money. Kids were never going to turn up in numbers when the thing was smack in the middle of gcse's.

[Search & Destroy]

It lost a fortune, DA would have had this in the budget as a profit, if it was budgeted to make 75k and it lost 75k then that's a £150 k black hole.

This post has been edited by Search and Destroy: 21 July 2014 - 09:06 AM

[starsky72]

Search and Destroy, on 21 July 2014 - 09:06 AM, said:

It lost a fortune, DA would have had this in the budget as a profit, if it was budgeted to make 75k and it lost 75k then that's a £150 k black hole.

You state it lost a fortune, but then guess at how much it lost and how much it was forecast to bring in...

[Wooden Spoon]

Overall - the concerts made a profit - but far less profit than what the club had hoped for.




If you took each one individually, TJ made a good profit (still less than hoped for though) and the party crashed and burned.




In the end, the club made around 75-80k profit from the concerts, where they had hoped to make 3 or even 4 times that amount. The total concert thingy made money - the club did not lose money

[Search & Destroy]

a kick in the balls, on 21 July 2014 - 09:38 AM, said:

Overall - the concerts made a profit - but far less profit than what the club had hoped for.




If you took each one individually, TJ made a good profit (still less than hoped for though) and the party crashed and burned.




In the end, the club made around 75-80k profit from the concerts, where they had hoped to make 3 or even 4 times that amount. The total concert thingy made money - the club did not lose money

They made 75k but were budgeted to make much much more, the loss comes out of the finances.

Chairman just said as much.

[Pride of the North]

Not true don't know where you have made that up from you or Anybody in this board havent got a clue about finance with the club , get a life sad people

[Search & Destroy]

Pride of the North, on 21 July 2014 - 09:57 AM, said:

Not true don't know where you have made that up from you or Anybody in this board havent got a clue about finance with the club , get a life sad people

Your signature says it all John Sheridans Barmy Army

[Pride of the North]

Don't exactly keep check on it everyday like you do even have a job mate cos posting on here all the time Jesus it's sad

[Bobby Darling]

Search and Destroy, on 21 July 2014 - 09:50 AM, said:

They made 75k but were budgeted to make much much more, the loss comes out of the finances.

Chairman just said as much.

I think you are wrong. Overall the concerts lost the Club money. Probably about £20K.

[starsky72]

The concerts didn't lose money, they were at break even point way before the actual event.

From DA statement...

Quote

We expected to attract more revenue than the amount received for the two concerts

There, black and white...

[Guest_freelander2_*]

starsky72, on 21 July 2014 - 11:33 AM, said:

The concerts didn't lose money, they were at break even point way before the actual event.

From DA statement...



There, black and white...

Revenue IS NOT PROFIT.

[Bobby Darling]

starsky72, on 21 July 2014 - 11:33 AM, said:

The concerts didn't lose money, they were at break even point way before the actual event.

From DA statement...



There, black and white...

Again I think you are wrong. And the loss is probably a big factor in today's announcement.