[lindo-spireite]

Fook this club

This post has been edited by lindo-spireite: 24 October 2016 - 08:04 PM

[Misnomer]

Maverick, on 24 October 2016 - 08:00 PM, said:

Not quite, the debt to the council was settled by transferring it DA, who now has first call on the stadium and a heathly rate of interest.

Astute businessman......albeit not in the interests of CFC; I think I've mentioned that once or twice over the years. The great 'uncle Dave'....

[fishini]

Did we have pay something to BH's estate

[AllTownArentWe]

fishini, on 24 October 2016 - 08:16 PM, said:

Did we have pay something to BH's estate

250k

[AllTownArentWe]

fishini, on 24 October 2016 - 08:16 PM, said:

Did we have pay something to BH's estate

250k

[60s 70s Spireite]

Angel Is A Spireite, on 24 October 2016 - 08:17 PM, said:

250k

For the record, doesn't affect profit.

[Paul Fisher]

moondog, on 24 October 2016 - 07:49 PM, said:

No it seems the annual interest has been paid, but nothing off the capital

Sorry,that's what I meant. They haven't enough profit to cover their repayment AND the interest.

It appears that they also use an excuse that they were forced to pay off DS and staff and yet they were the ones that appointed him in the first place. It's laughable.

[gordon_brittas]

CFC.... just about as profitable as Arkwright's shop...

[60s 70s Spireite]

gordon_brittas, on 24 October 2016 - 08:21 PM, said:

CFC.... just about as profitable as Arkwright's shop...

Arkwright seemingly had a lot more control on costs and income. Nothing wasted there.

[Snowflake McBedwetter]

gordon_brittas, on 24 October 2016 - 08:21 PM, said:

CFC.... just about as profitable as Arkwright's shop...

We could do with a till that snapped shut on peoples fingers...

[bigdbh2]

So the accounts are terrible, the customers are unhappy and so revenue is down and the primary function of the business (winning football matches) is failing. In what other business in these circumstances would the CEO keep their job?

[AllTownArentWe]

gordon_brittas, on 24 October 2016 - 08:21 PM, said:

CFC.... just about as profitable as Arkwright's shop...

We're gonna go ber-ber-ber-ber bankrupt.

[Mr Mercury]

And we wonder why DA wasn't at the 150 yr do, I've said it for months Turner is a disaster for this club, the AGM will be very very interesting.
It's legalised.....

[Somerset Spireite]

Phil V 72, on 24 October 2016 - 07:02 PM, said:

Question begs, next season with fewer potential saleable assets and crowds heading towards sub 4K following a dismal relegation, how deep in the ###### are we?

Well, put it this way, if CFC were an aircraft the pilot would, at this point, be desperately scanning the horizon for ANY piece of ground that looks suitable for a crash landing.

I am afraid we are not making the airport this time, folks.

[Guest_freelander2_*]

Allen & Carson have absolutely zero desire to get the debt down, if they had, Turner would have been long gone. Given that Turner remains in office, with their full support tells us that he's doing exactly the job they have asked him to do.

I've heard the tittle-tattle about Alan Walters, but how the hell do you replace him and Barrie Hubbard with Chris Turner? It's a bit like replacing Alan Sykes with Kaven Walker...

I've long been suspicious of Turner's continued employment at our club, though never more so when fans (Moondog, Spireitenag, BennoSpire, Dim View, MDCCCLXVI & myself) sat down with former employees of CFCFDS to listen to their allegations and the club's reluctance to sit down with us and investigate the claims.

They're taking the urine and laughing at us.

[dim view]

freelander2, on 24 October 2016 - 09:53 PM, said:

I've long been suspicious of Turner's continued employment at our club, though never more so when fans (Moondog, Spireitenag, BennoSpire, Dim View, MDCCCLXVI & myself) sat down with former employees of CFCFDS to listen to their allegations and the club's reluctance to sit down with us and investigate the claims.

They're taking the urine and laughing at us.

I was initially sceptical about the allegations......until I learned that 2 of them, chosen at random and put directly to Ashley, were confirmed to be true.

[Tylerdurdencfc]

Currently I'd rather have people on here set up a Phoenix club and run it properly than the current lot.

Plus it probably would be much more exciting and enjoyable.

I'm pretty sure funds could be raised by fans.

AFC Spireites, anyone?

[AllTownArentWe]

Tylerdurdencfc, on 24 October 2016 - 10:07 PM, said:

Currently I'd rather have people on here set up a Phoenix club and run it properly than the current lot.

Plus it probably would be much more exciting and enjoyable.

I'm pretty sure funds could be raised by fans.

AFC Spireites, anyone?

Our club is 150 years old, our fans would put up one hell of a fight to keep it.

An "AFC Spireites" would only be set up if the current club goes under.

[Guest_freelander2_*]

Darcy Sarto, on 24 October 2016 - 08:19 PM, said:

Sorry,that's what I meant. They haven't enough profit to cover their repayment AND the interest.

Correct.

The annual capital repayment to A & S is £222,222. So we at least need to generate that amount of net profit after tax to cover it.

Given that we have got nowhere near that figure having sold £2M worth of players tells it's own story. Our overheads, specifically the wage bill is unsustainable and that's been the case now for at least 3 seasons.

This post has been edited by freelander2: 25 October 2016 - 06:20 AM

[Lincs Spireite]

Would someone who attends the shareholder AGM please ask this question.

"Mr.Chairman, why do you think the season ticket sales and match day crowds are rapidly shrinking."

His answer should be , the product on offer is rubbish.