[spireitenag]

Announces losses of £2.6 million for last financial year.

This follows on from £3.2 million loss the previous year.

[hilly81]

spireitenag, on 20 December 2016 - 03:30 PM, said:

Announces losses of £2.6 million for last financial year.

This follows on from £3.2 million loss the previous year.

It's easy when you have a rich fan at the helm.

[Tora Tora Tora]

hilly81, on 20 December 2016 - 03:39 PM, said:

It's easy when you have a rich fan at the helm.

Short term easy long term pain. Oh The romance of rich owner with perceived ambition.

Some time down the line said fan will hope to get some or all of his money back.

Simply boom or bust economics on less revenue streams than us.

[Spire-Heights]

Where are they with the building of the new ground? I heard someone say this taken a back burner etc.

[Guest_freelander2_*]

spireitenag, on 20 December 2016 - 03:30 PM, said:

Announces losses of £2.6 million for last financial year.

This follows on from £3.2 million loss the previous year.

CT will take comfort in that, totally ignoring the fact their turnover was £3.7M.

I'm looking forward to the AGM.

[azul]

Spire-Heights, on 20 December 2016 - 04:23 PM, said:

Where are they with the building of the new ground? I heard someone say this taken a back burner etc.

More than £800K spent on the stadium contributed to the loss? Got full planning permission at the beginning of the year but can't find any other news of progress. Probably hoping get some of the £25M development costs back in EU funding

This post has been edited by azul: 20 December 2016 - 04:46 PM

[azul]

freelander2, on 20 December 2016 - 04:28 PM, said:

CT will take comfort in that, totally ignoring the fact their turnover was £3.7M.

I'm looking forward to the AGM.

Yes, we can expect to hear him bring this up as an example of how not to run a football club

[spireitetoo]

azul, on 20 December 2016 - 04:48 PM, said:

Yes, we can expect to hear him bring this up as an example of how not to run a football club

I don't know, apparently petty cash has been dropped to practically nothing at scunny....lol

[Walton Spireite]

I can't believe they are building a new ground. Glanford park is more than adequate for 3,000 home fans.

[Ernie Ernie Ernie]

freelander2, on 20 December 2016 - 04:28 PM, said:

CT will take comfort in that, totally ignoring the fact their turnover was £3.7M.

I'm looking forward to the AGM.

They aren't spending a lot on wages then based on that

[Guest_freelander2_*]

Ernie Ernie Ernie, on 20 December 2016 - 07:26 PM, said:

They aren't spending a lot on wages then based on that

According to their press release, total players' wage bill was £2.5M.

[Tha Knows...]

spireitenag, on 20 December 2016 - 03:30 PM, said:

Announces losses of £2.6 million for last financial year.

This follows on from £3.2 million loss the previous year.

Scunthorpe owner lost £6m in 2 years? Uncle Dave has been lucky. He's never had it so good😆

[60s 70s Spireite]

Armageddon, on 20 December 2016 - 04:22 PM, said:

Short term easy long term pain. Oh The romance of rich owner with perceived ambition.

Some time down the line said fan will hope to get some or all of his money back.

Simply boom or bust economics on less revenue streams than us.

He won't get his money back as easily as Allen, Swann's tends to put his cash into shares, as otherwise the club would be breaching salary cap rules.

[Tha Knows...]

£6m from promotion to championship should help if he pulls that off

[60s 70s Spireite]

Spire-Power, on 20 December 2016 - 10:05 PM, said:

£6m from promotion to championship should help if he pulls that off

There will be another £3M loss this season to cover first. Plus they have to see off Sheff Yoo and Bolton.

[firedodger]

Spire-Heights, on 20 December 2016 - 04:23 PM, said:

Where are they with the building of the new ground? I heard someone say this taken a back burner etc.

Father in law is from Scunthorpe he told me there is some problem with roads / traffic / access that is holding things up

[azul]

freelander2, on 20 December 2016 - 07:33 PM, said:

According to their press release, total players' wage bill was £2.5M.

I wonder how they are presenting their figures.

We stated £1.9M but that is only basic, then add £2.4M when bonuses are added, but it is actually £2.9M once NI has been added

Hopefully their £2.5M is basic, otherwise we aren't getting great value compared to them

[60s 70s Spireite]

azul, on 21 December 2016 - 12:48 PM, said:

I wonder how they are presenting their figures.

We stated £1.9M but that is only basic, then add £2.4M when bonuses are added, but it is actually £2.9M once NI has been added

Hopefully their £2.5M is basic, otherwise we aren't getting great value compared to them

That was last season wasn't it?
I think we can call that a fact, and the subject of many a post on here. And we still we pay for Ebanks Blake.

[Bluekent]

Walton Spireite, on 20 December 2016 - 06:47 PM, said:

I can't believe they are building a new ground. Glanford park is more than adequate for 3,000 home fans.

We only averaged around 3000 for quite a few seasons before our move didn't we?

[spireitetoo]

Bluekent, on 23 December 2016 - 12:35 PM, said:

We only averaged around 3000 for quite a few seasons before our move didn't we?

Glandford park was a new ground not so long ago