HeggyHandshake wrote:

Sieb22 wrote:

I think a lot of the vocal ST detesters are suffering from Stockholm Syndrome. Maybe people have more in common with him than they think.


 

Looking forward to the explanation for this one.

There is defenetily Arabs who have a touch of SS about them, defo not the ones who saw right through Thompson as he was wrecking our Club.



 

 
You'll be waiting a long time if you want an explanation. Thought it's pretty self explanatory. Congratulations if you were one of the ones who saw right through Thompson 

HeggyHandshake wrote:

No, no it's not.

 
I'll help you out then. Like Tek and Andy pointed out when has ST last said anything positive about the finances or about anything, he is always glass half empty doom and gloom merchant which, in my opinion, has majorly rubbed off on some people on here.

Hence that's how I think some people have more in common with ST than they think.

Just my opinion, but I'm sure the band of merry men will come and tell me otherwise 

It's the increasingly certain demotion from the top flight that concerns me. If we were relegated 3 years ago with a7m debt we would be in dire straights. what our current debt  is (i,ll leave that to those in the know) it s at a level which gives the club a better chance of  a sustainable future.

lifesanocean wrote:

Even when we were doing well ST always looked miserable about the club and the finances although at that time the bank were on our case so he probably had some justification. However:

If we keep pissing money away the way we are just now we might be back in £7 million worth of debt pretty soon.  Regardless of whether we go down or not Thompson is going to have to start earning his considerable salary and is going to have to make some pretty harsh financial decisions which will upset many people both inside and outside the club.  £750,000 losses for a club which has made £3.5 million in profit is a fucking disgrace. I don't like seeing boys losing their jobs or having wages cut but that's what is about to happen and yes, ST's is the first wage that should be getting cut.  Unless Utd become a massively streamlined operation there won't be a club for too much longer.  The question is are fans willing to accept the poorer quality team that will likely result in?  Lets face it, we're not exactly taking having a shite team at the moment well and thats one that's costing us a fortune (nor should we btw).

Thing is how does it all add up?

£3.5 million profit - running costs - operating losses - cost of paying back soft loans/interest - cost of punting the drinking club - cost of doing up Gussie - transfer fees - agents fees - drop in crowds from Feb onwards = ??????

Was all that money spent on the above?  Or, is some of it going back to the Thompson family recouping Eddies money?  That's the million dollar question.

 
A few things to cover here LAO.

Have a wee look at my post from yesterday - the £750k loss was due to one off factors (including Jackie's bonus) - having said that the income drop if relegated or even a season without player sales or a cup run would be problematic currently.

Wrt your point about getting a poorer quality team if losses are cut - that imo is exactly what we're looking at now - from 2013 on ST implemented some fairly hefty cost cutting (which we might have gotten away with if we had a better manager/a smaller squad).

Some of the money has gone to pay off all of the related party loans (ie the Thompsons) - tbf they were loans but having said that I'd have rather seen the interest bearing loans given priority.

Along with an early payment of a tranche of the other loans has backfired as they've gone from having cash in the bank to looking at a potential cash flow problem if we get relegated.

Generally, I'm a cheery positive person, and I go to the football to enjoy the day. The football has been wasting it for a long while now, and this financial stuff, over which we have little influence unless we try to alter the path of the directors via the club's income, can be really depressing.

The club generally do not respond to any queries as to directors' plans and reasons for past decisions. Communication is poor. I'll except 'Mhari' from reception in that, as she was very good when I lost an item at the ground recently: but some of the staff will be under threat of unemployment should we go down.

Aye, I enjoy the day out and the company, but soon decisions will have to be taken: should I continue to be taken for a mug, or cut free from Scottish football all together.

At least the original had heroin to fall back onto.