1 of 1- Billy_Hainey
- Tekel Towers LEGEND
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Clubs Turnover
Sorry Tek, but I went to post on the "Very Worrying Times" thread, to ask a financial question surrounding the Club. Noticed only after trying to post that you'd locked the thread.
Anyways, what I wanted to know was, it seems we have been given loans exceeding £1M. Seem to remember recently that someone had posted some info. that in round terms anyway, the Club was losing about 50k grand a month. (12 x 50k = 600k which is not far off £1M ) Can anybody recall this or say anymore about this?
- TheShed
- Tekel Towers LEGEND
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Re: Clubs Turnover
In terms of operating losses it was nearer 50k a week last season. Overall result approx £1.5m loss after transfer income came in.
The suggestion from the chairman is that they've cut costs by £1.5m this season, this alone would still lead to a loss of about 500k without transfer money coming in I reckon. You have to take into account tho that the turnover is going to be massively down also, so That loss figure is probably going to end up similar to last seasons.
- Billy_Hainey
- Tekel Towers LEGEND
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Re: Clubs Turnover
So you say it was a 50 grand a week loss in the 2015-16 Season. FFS that's staggering. Any idea where the greatest losses were, in terms of percentage anyway?
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Thread Starter- lifesanocean
- Tekel Towers LEGEND
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Re: Clubs Turnover
If we had kept the same manager all of last season there would have been no pay-offs and the losses would have been lower than this 50K a week figure which is a calculation based on everything we shelled out last season. It is what it is though and you can't change the bad decisions made by both Chairman and managers when it came to appointments and signings so the figure is valid.
Too much commotion
- scarpia
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Re: Clubs Turnover
lifesanocean wrote:
If we had kept the same manager all of last season there would have been no pay-offs and the losses would have been lower than this 50K a week figure which is a calculation based on everything we shelled out last season. It is what it is though and you can't change the bad decisions made by both Chairman and managers when it came to appointments and signings so the figure is valid.
I don't recall a great outcry when Jackie got punted 
But your correct - the damage done to the squad was irreparable and by the time the transfer window came along it was too late.
Still imagine if ST had hung on to Macnamara and things had just gone from worse to shiter...total fucking meltdown.
- TheShed
- Tekel Towers LEGEND
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Re: Clubs Turnover
So you say it was a 50 grand a week loss in the 2015-16 Season. FFS that's staggering. Any idea where the greatest losses were, in terms of percentage anyway?
I believe changing 2 management teams cost around 400k, so still around a £2.1m operating loss. It's all a bit of guesswork tbh, but I would imagine the Demel's and Sinama-Pongolles etc helped greatly with this loss.
- scarpia
- Unregistered
Re: Clubs Turnover
So you say it was a 50 grand a week loss in the 2015-16 Season. FFS that's staggering. Any idea where the greatest losses were, in terms of percentage anyway?
I believe changing 2 management teams cost around 400k, so still around a £2.1m operating loss. It's all a bit of guesswork tbh, but I would imagine the Demel's and Sinama-Pongolles etc helped greatly with this loss.
It's difficult to work out just what effect the transfer window and free agent players had.
Wages actually reduced from 3,576,631 to 3,448,028
However this relatively small reduction was despite the average monthly number of football employees falling from 88 to 44
Given the parallel reduction in admin staff from 22 to 17 it looks as though an initial attempt to cut costs went horribly wrong - the attempt to rectify this failed and the consequent reduction in turnover lead to the losses.
Mixu's signings don't look to me to have been an enormous drag on wages - wonder if the real money for them would have been if they'd kept us up?
- lifesanocean
- Tekel Towers LEGEND
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Re: Clubs Turnover
If we had kept the same manager all of last season there would have been no pay-offs and the losses would have been lower than this 50K a week figure which is a calculation based on everything we shelled out last season. It is what it is though and you can't change the bad decisions made by both Chairman and managers when it came to appointments and signings so the figure is valid.
I don't recall a great outcry when Jackie got punted
But your correct - the damage done to the squad was irreparable and by the time the transfer window came along it was too late.
Still imagine if ST had hung on to Macnamara and things had just gone from worse to shiter...total fucking meltdown.
Christ nobody was happier than me when that money grabbing useless lazy cunt was sacked.
Too much commotion