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26/10/2019 11:11 am  #1


Operating loss of 3.8 million pounds

And our wage to turnover ratio sits at 133% .

The decision to hand out new deals to Neilson and Co now seems even more mental than it did just a week ago.

This is all rather concerning.

https://www.scotsman.com/sport/football/dundee-united-s-wage-to-turnover-ratio-is-a-mammoth-133-per-cent-1-5033371

 

26/10/2019 11:23 am  #2


Re: Operating loss of 3.8 million pounds

Alan Patullo is a good journalist but without disputing the figures this article is rather pointed. As becomes a Funster. Had he been an Arab it would have been reported more sympathetically. Too much bias Alan.

 

26/10/2019 11:38 am  #3


Re: Operating loss of 3.8 million pounds

smedDUm wrote:

Alan Patullo is a good journalist but without disputing the figures this article is rather pointed. As becomes a Funster. Had he been an Arab it would have been reported more sympathetically. Too much bias Alan.

The facts are the facts, Smedz.

Regardless of whatever team he supports.

Tough questions needing asked at the AGM. 
 

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26/10/2019 12:43 pm  #4


Re: Operating loss of 3.8 million pounds

We all know Mark Ogren is spending hand over fist to get us promoted, not sure why the balance sheet is a surprise to anyone tbh. Although he ought to be worried he's spunked his cash on a pile of shite I'd think.

 

26/10/2019 1:26 pm  #5


Re: Operating loss of 3.8 million pounds

Anybody clear this up.

Did Mark Ogren clear our outstanding debt when he tookover.

This difference in revenue vs. outgoings, For what period of time is it ie. Mentions June in the article, but I thought it would be for the Financial year. Ie. 1st April 2018 to 31st March 2019.

Outgoings of £4M, but revenue of £3.12M means deficit of £880k, I worry how much of a problem that amount is for the Club.

 

26/10/2019 3:55 pm  #6


Re: Operating loss of 3.8 million pounds

Billy_Hainey wrote:

Anybody clear this up.

Did Mark Ogren clear our outstanding debt when he tookover.

This difference in revenue vs. outgoings, For what period of time is it ie. Mentions June in the article, but I thought it would be for the Financial year. Ie. 1st April 2018 to 31st March 2019.

Outgoings of £4M, but revenue of £3.12M means deficit of £880k, I worry how much of a problem that amount is for the Club.

I must admit that confused me too Bill.

So was the debt already sitting at 3 mill?

I like you, assumed the Ogren's cleared the debts when they purchased the club.


 

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