[frearsghost]

spireman, on 24 July 2014 - 05:34 PM, said:

What a load of rubbish
1. Do you know how much profit, all fotball works on performance rewards. This would have been agreed in contracts before the start of the season.
2.Do tescos tell their shareholders the day to day details, most shareholders are only interested in dividends, not how they are made. As DA is the major shareholder I'm sure he talks to himself.
3. Financial mismanagement???, it seems they are being prudent in current difficult times.

I'd add to my 'rubbish.'

Have you any shares? Have you ever been to a shareholders meeting? The shareholders ask the chairman some pretty tough questions especially if the company is not performing. Importantly, they want answers because share dividends are income.

Yes, shareholders are interested in dividends but these depend on a well run company providing good capital growth and percentage dividend increases. Even where dividends are not payable, shareholders are looking for sound management because a badly run company sees it's share price fall.

Your right, we don't need to know what the performance bonus's and day to day details are. All we need to know is the published finances at the end of the financial year, although the club's published reports do hide a great deal of expenditure; players' bonuses and income from PRO-ACT sponsorship for example. Not even shareholders know these. To suggest that the club was financially prudent. however, flies in face of all we been told.

It's not performance bonus's per se that are at fault but cost of them. Faults also reside in attendance projections that were too optimistic. Both these appear to be facts. The club won't admit financial mismanagement of course, it's up to the shareholders to bring it to their attention.

This post has been edited by frearsghost: 24 July 2014 - 07:08 PM

[spireman]

Think you've answered your own queries, who says the companies not performing. Accounts always look backward and shareholders questions would reflect this. The seasons not started yet the doom on this board is sraggering. The verdict on success of the company will be in May 2015, you will be able to ask questions then.

I may be corrected but I dont think Rotherham made many major signings last summer, they developed during the season.

Theres no reason why we cant do this.

[Guest_freelander2_*]

spireman, on 24 July 2014 - 07:59 PM, said:

Think you've answered your own queries, who says the companies not performing. Accounts always look backward and shareholders questions would reflect this. The seasons not started yet the doom on this board is sraggering. The verdict on success of the company will be in May 2015, you will be able to ask questions then.

I may be corrected but I dont think Rotherham made many major signings last summer, they developed during the season.

Theres no reason why we cant do this.

We've no flipping cash.

The DT article clearly states that it believes DA had to inject additional funding this month to ensure staff & suppliers are paid..

[the original blue pill]

freelander2, on 24 July 2014 - 08:02 PM, said:

We've no flipping cash.

The DT article clearly states that it believes DA had to inject additional funding this month to ensure staff & suppliers are paid..

If this is true then the alarm bells may be ringing loud & proud..

[60s 70s Spireite]

spireman, on 24 July 2014 - 07:59 PM, said:

Think you've answered your own queries, who says the companies not performing. Accounts always look backward and shareholders questions would reflect this. The seasons not started yet the doom on this board is sraggering. The verdict on success of the company will be in May 2015, you will be able to ask questions then.

I may be corrected but I dont think Rotherham made many major signings last summer, they developed during the season.

Theres no reason why we cant do this.

Of course there is a reason. Rotherham's chairman has a hopper dropping cash into the club non stop, funding the club way beyond its own sustainable level.

Our chairman has said enough is enough.

[newboldsteve]

freelander2, on 24 July 2014 - 08:02 PM, said:

We've no flipping cash.

The DT article clearly states that it believes DA had to inject additional funding this month to ensure staff & suppliers are paid..

cfc have just sold 4.5k season tickets I don't think there short yet

[Webster]

newboldsteve, on 24 July 2014 - 08:24 PM, said:

cfc have just sold 4.5k season tickets I don't think there short yet

You would hope not depends what all the outgoings expenses signing on fees for contract extensions are

[daveblakey]

newboldsteve, on 24 July 2014 - 08:24 PM, said:

cfc have just sold 4.5k season tickets I don't think there short yet

Chris Turner said around 4K.

[Webster]

daveblakey, on 24 July 2014 - 08:30 PM, said:

Chris Turner said around 4K.

He also said 3000 turned up at the Party at the Proact

Music Fans Flock to the Proact

[Wooden Spoon]

spireman, on 24 July 2014 - 07:59 PM, said:

Think you've answered your own queries, who says the companies not performing. Accounts always look backward and shareholders questions would reflect this. The seasons not started yet the doom on this board is sraggering. The verdict on success of the company will be in May 2015, you will be able to ask questions then.

I may be corrected but I dont think Rotherham made many major signings last summer, they developed during the season.

Theres no reason why we cant do this.

what part of "CFC are skint" are you struggling with? I`ll help you out where possible.

[Wooden Spoon]

newboldsteve, on 24 July 2014 - 08:24 PM, said:

cfc have just sold 4.5k season tickets I don't think there short yet

and that money has already gone - its been spent on wages.




Its not enough to cover the season, so we are now in a position where the bank balance is £0 - and we will be living hand to mouth, game to game, relying on getting more than 7000 - 7500 - 8000 depending on which part of Turners quote you choose to be the real figure.

I don't think, by the end of the season we will be in a worse position - unless it turns out to be an absolute disaster. I don't think it will be - the squad is IMO good enough,, barring some serious long term injuries - we have enough in the back 4 and midfield to pull us through - and hopefully Doyle can carry on his improvement.

It really is fingers crossed though.

Webster, on 24 July 2014 - 08:48 PM, said:

He also said 3000 turned up at the Party at the Proact

Music Fans Flock to the Proact

he hasn't got a f*****g clue on numbers.

[Mr Mercury]

freelander2, on 24 July 2014 - 08:02 PM, said:

We've no flipping cash.

The DT article clearly states that it believes DA had to inject additional funding this month to ensure staff & suppliers are paid..

Promoted as Champions, Wembley final appearance, two summer concerts .yet we are struggling to pay the bills..someone wants SACKING.

[meowdmucker]

Webster, on 24 July 2014 - 08:48 PM, said:

He also said 3000 turned up at the Party at the Proact

Music Fans Flock to the Proact

Well maybe he gave 2500 tickets away to his mates so they dont count. Goodness knows, but as a front man for the club he does them no favours at all.

[Wooden Spoon]

Mr Mercury, on 24 July 2014 - 10:01 PM, said:

Promoted as Champions, Wembley final appearance, two summer concerts .yet we are struggling to pay the bills..someone wants SACKING.

and if we are that skint going into the season, how come we were in talks with a £4000 a week striker? Its utter nonsense.

[Phil V 72]

a kick in the balls, on 25 July 2014 - 07:33 AM, said:

and if we are that skint going into the season, how come we were in talks with a £4000 a week striker? Its utter nonsense.

I hope we don't get a reputation as 'time wasters' from Higdon's agent at the Agents' Christmas Party

[Dreaming Spire]

Mr Mercury, on 24 July 2014 - 10:01 PM, said:

Promoted as Champions, Wembley final appearance, two summer concerts .yet we are struggling to pay the bills..someone wants SACKING.

Yes, it really baffles me, to be honest ....
If we assume an average season ticket price of say £ 300 each and we have apparently sold 4,500 + then this equates to around £1.35 million !
..... and we are struggling to pay the bills ???

I just don't understand how this can happen. It is strange .... and very worrying !

CT has told us that DA is "keeping this club going" and has had to put money in recently or "the staff would not have been paid" ..... Or, in other words they have a cash flow problem.
.... But the club has just had about £ 1.35 million ' FLOW IN ' from ST sales !!!!!

Sorry, but I just don't understand his reasoning.

This post has been edited by Dreaming Spire: 25 July 2014 - 08:37 AM

[azul]

Dreaming Spire, on 25 July 2014 - 08:21 AM, said:

Yes, it really baffles me, to be honest ....
If we assume an average season ticket price of say £ 300 each and we have apparently sold 4,500 + then this equates to around £1.35 million !
..... and we are struggling to pay the bills ???

I just don't understand how this can happen. It is strange .... and very worrying !

Think you've gone the Turner school of maths with those figures

[Dreaming Spire]

azul, on 25 July 2014 - 08:33 AM, said:

Think you've gone the Turner school of maths with those figures

Well, it's a guess, yes .... But what do you think the ST sales amount to ? I stand to be corrected here.

Anyway .... The point I am making is that the club has received AN AWFUL LOT OF MONEY recently.

This post has been edited by Dreaming Spire: 25 July 2014 - 08:47 AM

[azul]

Dreaming Spire, on 25 July 2014 - 08:39 AM, said:

Well, it's a guess, yes .... But what do you think the ST sales amount to ? I stand to be corrected here.

The club said on the website around 4000 a couple of weeks ago. I take that as between 3900 and 4100 and I can't see many more being sold now, can you?

Think the average price might be a bit high as well.

One thing fore sure is that if DA is putting funds into just keep the club afloat as reported just after receiving all that season ticket money, there is only one way this is heading.

I don't actually believe it though and it is probably derived from more loose talk by CT. Here's hoping anyway, and if it is then it's time to get rid of him.

[Wooden Spoon]

Maybe we could throw wet sponges at him at H/T £1 a throw