[dim view]

azul, on 03 May 2015 - 09:06 PM, said:

The gist I got was that he wasn't interested in Pompey no matter what. If that was true, it is a start

The more I think about it, the more the idea of PC being satisfied with a move to L2 seems absurd. IF he does it, it proves to me that the man is missing a cog in his engine. People will think he's mad.

[Mr Mercury]

dim view, on 03 May 2015 - 09:41 PM, said:

The more I think about it, the more the idea of PC being satisfied with a move to L2 seems absurd. IF he does it, it proves to me that the man is missing a cog in his engine. People will think he's mad.

Or greedy, or not agreeing with his own principles which he voices often enough...

[azul]

Mr Mercury, on 03 May 2015 - 09:44 PM, said:

Or greedy, or not agreeing with his own principles which he voices often enough...

Shouldn't we just wait

[Guest_freelander2_*]

Erwan dsihounou, on 02 May 2015 - 03:19 PM, said:

Im not sure how the development centre is running at a great profit it may well be making money but great profit is impossible...if you have 200 kids at £30 a month thats £6000 turnover a month out of that you have running costs and wages it is a very good viable product but cannot make any real money.

Seeing as the CFC Football Development School submitted their accounts to Companies House last week, I'll put some nuts & bolts on this:

The cash position decreased by 34%, from £8,635 (2013) to £5,698 (2014)

Total assets decreased by 35.9%, from £8,885 (2013) to £5,698 (2014)

Total Liabilities increased by 102.1%, from £26,348 (2013) to £53,261 (2014)

Net Worth of the Company decreased by 172.4%, from -£17,463 (2013) to -£47,563


They're the facts Phil. No BS, Spin or any other uneducated interpretation of the actual results.

[Wooden Spoon]

freelander2, on 05 May 2015 - 04:17 PM, said:

Seeing as the CFC Football Development School submitted their accounts to Companies House last week, I'll put some nuts & bolts on this:


Total Liabilities increased by 102.1%, from £26,348 (2013) to £53,261 (2014)

Net Worth of the Company decreased by 172.4%, from -£17,463 (2013) to -£47,563


They're the facts Phil. No BS, Spin or any other uneducated interpretation of the actual results.

Same sort of trend as at CFC




WHERE IS THE MONEY GOING??????

[dim view]

freelander2, on 05 May 2015 - 04:17 PM, said:

Seeing as the CFC Football Development School submitted their accounts to Companies House last week, I'll put some nuts & bolts on this:

The cash position decreased by 34%, from £8,635 (2013) to £5,698 (2014)

Total assets decreased by 35.9%, from £8,885 (2013) to £5,698 (2014)

Total Liabilities increased by 102.1%, from £26,348 (2013) to £53,261 (2014)

Net Worth of the Company decreased by 172.4%, from -£17,463 (2013) to -£47,563


They're the facts Phil. No BS, Spin or any other uneducated interpretation of the actual results.

But nobody said they were running at a great profit up to year ending June 2014. They say they are running at a great profit this year.

[azul]

freelander2, on 05 May 2015 - 04:17 PM, said:

Seeing as the CFC Football Development School submitted their accounts to Companies House last week, I'll put some nuts & bolts on this:

The cash position decreased by 34%, from £8,635 (2013) to £5,698 (2014)

Total assets decreased by 35.9%, from £8,885 (2013) to £5,698 (2014)

Total Liabilities increased by 102.1%, from £26,348 (2013) to £53,261 (2014)

Net Worth of the Company decreased by 172.4%, from -£17,463 (2013) to -£47,563


They're the facts Phil. No BS, Spin or any other uneducated interpretation of the actual results.

But CT said it was "running at great profit" Doesn't sound like it is!

Can anyone explain?

[Guest_freelander2_*]

dim view, on 05 May 2015 - 04:40 PM, said:

But nobody said they were running at a great profit up to year ending June 2014. They say they are running at a great profit this year.

Indeed!

Quite a recovery, would you not agree?

[dim view]

freelander2, on 05 May 2015 - 04:45 PM, said:

Indeed!

Quite a recovery, would you not agree?

Simple solution.
It must be that wonder kid we sold to Everton.

[Wooden Spoon]

azul, on 05 May 2015 - 04:40 PM, said:

But CT said it was "running at great profit" Doesn't sound like it is!

Can anyone explain?

just realised - those figures are for last year - so its gone from a loss to turning a profit. Lets hope the club achieves similar results (excluding player sales)

[Bonnyman]

azul, on 05 May 2015 - 04:40 PM, said:

But CT said it was "running at great profit" Doesn't sound like it is!

Can anyone explain?

Well they have dropped to 2 centres instead of 3 and relocated so that must have slashed overheads..it cannot make the cluboney but serves a great purpose as the academy have no scouts .

[azul]

Erwan dsihounou, on 05 May 2015 - 04:54 PM, said:

Well they have dropped to 2 centres instead of 3 and relocated so that must have slashed overheads..it cannot make the cluboney but serves a great purpose as the academy have no scouts .

Can't beat a bit of rationalisation and downsizing

Wonder what else can be?

[Bonnyman]

dim view, on 05 May 2015 - 04:52 PM, said:

Simple solution.
It must be that wonder kid we sold to Everton.

This post has been edited by Erwan dsihounou: 05 May 2015 - 06:28 PM

[boot]

a kick in the balls, on 05 May 2015 - 04:32 PM, said:

Same sort of trend as at CFC




WHERE IS THE MONEY GOING??????

£30000 is nowt to run a development school. The question is will it be worth it and that can only be measured against the players, if any, who come out of it. A long term project surely unless the plug is eventually pulled. How it is supposed to make a profit as opposed to costing is very difficult to comprehend.

This post has been edited by boot: 05 May 2015 - 06:43 PM

[Wooden Spoon]

boot, on 05 May 2015 - 06:43 PM, said:

£30000 is nowt to run a development school. The question is will it be worth it and that can only be measured against the players, if any, who come out of it. A long term project surely unless the plug is eventually pulled. How it is supposed to make a profit as opposed to costing is very difficult to comprehend.

Isn't this one of those things where parents pay to have the kids coached by professionals, and that is what funds the school?

[boot]

a kick in the balls, on 05 May 2015 - 08:32 PM, said:

Isn't this one of those things where parents pay to have the kids coached by professionals, and that is what funds the school?

From what I read on here I believe so.

Just on the subject of abandoning development and youth teams, Darikwa landed here because Notts. County did just that. Youth development costs money !

[calvin plummers socks]

Erwan dsihounou, on 05 May 2015 - 04:54 PM, said:

Well they have dropped to 2 centres instead of 3 and relocated so that must have slashed overheads..it cannot make the cluboney but serves a great purpose as the academy have no scouts .

Having no local scouts is madness

[The Earl of Chesterfield]

freelander2, on 05 May 2015 - 04:17 PM, said:

Seeing as the CFC Football Development School submitted their accounts to Companies House last week, I'll put some nuts & bolts on this:

The cash position decreased by 34%, from £8,635 (2013) to £5,698 (2014)

Total assets decreased by 35.9%, from £8,885 (2013) to £5,698 (2014)

Total Liabilities increased by 102.1%, from £26,348 (2013) to £53,261 (2014)

Net Worth of the Company decreased by 172.4%, from -£17,463 (2013) to -£47,563


They're the facts Phil. No BS, Spin or any other uneducated interpretation of the actual results.

Is this the company that has Turner and Liam Sutcliffe as directors?

And are the Club subsidising that company?

If so, isn't there an issue when someone with as much influence at the Proact as our CEO, perhaps even sitting in on board meetings discussing such matters, receiving funds for his company from CFC?

[Freddie]

MDCCCLXVI, on 06 May 2015 - 03:08 PM, said:

Is this the company that has Turner and Liam Sutcliffe as directors?

And are the Club subsidising that company?

If so, isn't there an issue when someone with as much influence at the Proact as our CEO, perhaps even sitting in on board meetings discussing such matters, receiving funds for his company from CFC?

No. All the Directorships are well publicised. If the CEO is sitting in on Board Meetings then it it a perfect opportunity for the Board to quiz him on all aspects of the other company before deciding what is in the best interests of CFC.

[The Earl of Chesterfield]

Freddie, on 06 May 2015 - 03:22 PM, said:

No. All the Directorships are well publicised. If the CEO is sitting in on Board Meetings then it it a perfect opportunity for the Board to quiz him on all aspects of the other company before deciding what is in the best interests of CFC.

Here it is, I knew I'd seen it somewhere:

http://companycheck....ors-secretaries

And you're right; if the CEO sits in at board meetings I hope they ask him why his company is losing money.