Beharder wrote:

The point is though without the transfer fees Thompson would not have sanctioned the increased wage bill we have this year and the notional 750k loss would never have happened.

 
I am not so sure about that to be honest....not much thought went into sanctioning signings this season ....what team outwith Celtic spends best part of half a million quid in fees on 3 players that are not guaranteed a start....it's the likes of this that has fans scratching their heids when we then turnaround and say we are still not balancing the books

The Shed wrote:

stobievulture wrote:

i still dinna get, and haven't for years got, why we still lose a fortune month after month, year after year...

look at the likes of st johnstone..whaur do they get the money, and stay debt free to pay wages of the likes of Duberry, johannson,jody morris, sandaza, o'hallaron,may,now swanson...amongst loads of others...

 
Geoff Brown is subsidising them big time.

Agree that there doesnt seem to be an obvious explanation why we're losing so much tho. Also seems odd we keep adding off field staff to roles that previously werent needed.

Don't think GB is subsidising them, and that's why they spent a good while in the lower leagues after the formation of SPL while SPL teams were speculating on Setanta money that never came.

Some clubs went into administration or liquidation and others tried to wipe out their debt.

Trading losses of 750k per year is not sustainable, unless we have a time machine for Ali Coote.

Blawser's main point is spot on, we can't be operating with constant annual normal trading losses in the hope that the academy roulette wheel will save the day.
 

stobievulture wrote:

hows ali coote progressing bugs?

Braw at Modern Studies
 

huntedbyafreak wrote:

stobievulture wrote:

hows ali coote progressing bugs?

Braw at Modern Studies
 

 
I got a higher C for Modern Studies, was well chuffed. hate dme's though.

I think there are some wires crossed, surely we're no that bad If Jackie keeps spending, ST Isnt stupid enough.

Hopefully Coote, Connolly, Chico and Soapy can make us million along with the selling on fee's on the rest.

Hamiltonarab wrote:

As has been mentioned its the wages/over heads which is driving this loss. Our wage bill to income ratio is likely a touch too high. Over the last 5-6 years we have been driving to make cuts and the wage ratio has dropped significantly along from other excessive expenses fom what they once were. Basically there is more cuts to be made to get the club to the point where it should survive without any incoming transfer fees or one off windfalls. I thought we were a lot closer to this than has been recently stated by ST, like most on here but I think he has fired this broadside to make us aware there is still significant overheads to cover. On the back of this we also don't know exactly how much the transfer fees for all recent exits were or even when we got or get it. It seems like money from some of these transfers has been used short term to take the strain off of cash flow. Cash flow is the clubs biggest killer in my opinion, as this is what gets most small to medium sized buisnesses rather than debt (within reason of course).

While we have paid out transfer fees and brought in a few players who are likely on a decent wedge, I think it has probably been seen that while we are selling assets we have to maintain a degree of competitiveness, they aren't going to completely cast us adrift. Why would they? Its not in their interest or ours. Also it is likely that the gamble is deemed worth it while the going is good, (although the last month has been trying). Come the summer a few more will leave as we once again focus to bring the wage bill down and maybe get a fee or 2 in as well, but with the recent signings I believe there is a decent core to the team with the chance to bring through a few of the youths on the fringes this year and cement their place.

It has been a lot worse remember, we are improving financially all the time and the team on the park is better that it was not so long ago. As Stobie said a while ago, just remember 98-05!!!

Thats the point mate.. We dont seem to be improving financially.

We should be but with the club still running at a big loss 

Hamiltonarab wrote:

bowers wrote:

Hamiltonarab wrote:

As has been mentioned its the wages/over heads which is driving this loss. Our wage bill to income ratio is likely a touch too high. Over the last 5-6 years we have been driving to make cuts and the wage ratio has dropped significantly along from other excessive expenses fom what they once were. Basically there is more cuts to be made to get the club to the point where it should survive without any incoming transfer fees or one off windfalls. I thought we were a lot closer to this than has been recently stated by ST, like most on here but I think he has fired this broadside to make us aware there is still significant overheads to cover. On the back of this we also don't know exactly how much the transfer fees for all recent exits were or even when we got or get it. It seems like money from some of these transfers has been used short term to take the strain off of cash flow. Cash flow is the clubs biggest killer in my opinion, as this is what gets most small to medium sized buisnesses rather than debt (within reason of course).

While we have paid out transfer fees and brought in a few players who are likely on a decent wedge, I think it has probably been seen that while we are selling assets we have to maintain a degree of competitiveness, they aren't going to completely cast us adrift. Why would they? Its not in their interest or ours. Also it is likely that the gamble is deemed worth it while the going is good, (although the last month has been trying). Come the summer a few more will leave as we once again focus to bring the wage bill down and maybe get a fee or 2 in as well, but with the recent signings I believe there is a decent core to the team with the chance to bring through a few of the youths on the fringes this year and cement their place.

It has been a lot worse remember, we are improving financially all the time and the team on the park is better that it was not so long ago. As Stobie said a while ago, just remember 98-05!!!

Thats the point mate.. We dont seem to be improving financially.

We should be but with the club still running at a big loss 

Looking at the bigger picture and where we were not so long ago I think we are slowly making improvements. As I said we have strayed away in the last year with increase to player wage budgets. This will most likely be cut come the summer. The losses we have now we have always had but were worse. If we want to magic it away then we do what St. Johnstone did and make big sweeping cuts to make the £750k shortfall (not sure what level the moaning would go to then). Instead we have taken a step by step approach over the years, with some spending happening this year which as I said has strayed away from our approach, but has been done to try ands stay competitive as best we can.
 

some of the shite we have signed doesnt help.

If we hadnt signed robbo from queens park and made a fair wedge on him where would we be?
If the people who clubbed together to buy out the bank debt for a considerably less amount than what it would have been had we continued to pay it then where would we be?

There has been x amount of money cleared but with sellable assets running out and money getting burnt left right and centre where do we end up?

This season we have a record amount of season ticket holders.. Our gates have been up.. individuals from our club harped on we didnt need to sell anyone.

What the fuck is actually going on

I trust the opinion of good supporters with in inside view more than the media snippets we are fed fae as the people running the club's view. It's hard to have an objective balanced opinion.
It's obviously a gamble financially from year to year as there are factors unknown and down to chance fixture wise that bring in money as well as home attendances.
To regularly make the same misjudgments though might indicate a failing.

Have you tried the stovies?







Really good wi' tomata sass but may not make up the shortfall.

Last edited by arabugsy (07/3/2015 5:12 pm)

I heard reported loses to show in the region of £2m so would hazard a guess that we are still running at quite a large loss 

Just what ive heard, dont know how true its going to be, no one will know till companys accounts are released... I hope its not near that much thats fucking frightening