The Robins Nest Forum
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Accounts
http://robinsnestforum.co.uk/viewtopic.php?f=2&t=24604
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Author:  Jon Palmer [ 12 Feb 2018, 14:38 ]
Post subject:  Accounts

Healthy profit over past two years: http://bit.ly/AccountsCTFC

Author:  RegencyCheltenhamSpa [ 12 Feb 2018, 14:42 ]
Post subject:  Club finances announced

https://www.gloucestershirelive.co.uk/s ... it-1201991

So getting promoted back up saw us lose £128k. But then Gary going with the Champions and January additions saw us make £178k last season.

To get us up and keep us up in profit is a great effort and puts the club on a great base to build for L1.

Author:  RegencyCheltenhamSpa [ 12 Feb 2018, 14:44 ]
Post subject:  Re: Accounts

Mods: feel free to move my thread/comments into this thread.

Author:  asl [ 12 Feb 2018, 15:01 ]
Post subject:  Re: Accounts

Done!

Author:  Shade [ 12 Feb 2018, 15:01 ]
Post subject:  Re: Accounts

You mean that getting promoted cost us about £2.4m less than FGR thats season :lol:

Author:  Lord Elpuz [ 12 Feb 2018, 17:14 ]
Post subject:  Re: Accounts

Shade wrote:
You mean that getting promoted cost us about £2.4m less than FGR thats season :lol:


I loved the quote in JPs article from Paul Baker: “It is very important to run our business, our football club sustainably.” Excellent!!!

The noisy neighbour likes to quote “sustainability” at every opportunity, but clearly not everything our neighbour touches is sustainable ;)

Author:  leohoenig [ 13 Feb 2018, 12:48 ]
Post subject:  Re: Accounts

I suspect this is one of the most important threads in this forum this season - and yet no one has asked the question
What are we doing right?

The financial results for 2016-17 look good, and PB has mentioned in his interview that we expect to have a profit in 2017-18 as well
Historically, we lose money (along with most lower division professional clubs)

So, has our income increased - and if so is it due to our own efforts, or from the centralised deals?
Have we kept a lid on expenditure?
Does the much maligned use of loan players help us keep the club running profitably.

I am not even certain of getting home in time for the forum, so if I'm not there, would someone else ask these questions?

Author:  asl [ 13 Feb 2018, 14:11 ]
Post subject:  Re: Accounts

As an aside, there was a link to Lincoln's accounts on their forum: they made a profit of over £1.2m (offset by losses of £0.5m over the previous two seasons.)

Author:  Robin [ 13 Feb 2018, 15:01 ]
Post subject:  Re: Accounts

In hindsight I wonder if this profit explains our lack of transfer activity the summer after promotion, perhaps GJ and the board agreed to stabilise and not go out and sign more proven players thus keeping some finance for January if needed.

Author:  RegencyCheltenhamSpa [ 13 Feb 2018, 18:26 ]
Post subject:  Re: Accounts

Robin wrote:
In hindsight I wonder if this profit explains our lack of transfer activity the summer after promotion, perhaps GJ and the board agreed to stabilise and not go out and sign more proven players thus keeping some finance for January if needed.


Yup. As I said all autumn last season it was obvious we busted the budget to get back up and needed a period of retrenchment to balance the books. This, alongside the promise made to our Champions is why I was so outspoken against those criticising summer transfer activity before last season.

The fact the finances are being reported as two years consolidated numbers suggests it was viewed by the board as a two year project: get us up and keep us up, in profit.

Achieved and credit to Gary for doing that.

Now we are in the next two to three year project: get up and stay up, in profit. And I support Gary to achieve step one of that next season.

Author:  Robin [ 13 Feb 2018, 18:40 ]
Post subject:  Re: Accounts

I hope now Del boy and Horlick can lay off GJ as it's pretty obvious his hands were severely tied that summer.

Author:  Ben2 [ 13 Feb 2018, 18:54 ]
Post subject:  Re: Accounts

I think ‘hands tied’ is doing Gary and baker a disservice. I’m sure they agreed on priorities as all senior managers would (should!).

I love the fact we’ve improved this year, made a profit, and are beginning to drop hints about improving again.

Serious question - does any bookie give odas on NEXT YEARS promotion yet? I’d certainly back that. (For what it’s worth I think 19/20 May see two Gloucestershire clubs in third tier, if the shower-bullies stay up this year).

Author:  RegencyCheltenhamSpa [ 13 Feb 2018, 19:11 ]
Post subject:  Re: Accounts

A bet on next season would be good to have the odds on. If this was the stock market our price would be rising now after recent announcements, but I reckon bookies would still be offering odds longer then what they should be.

Author:  Shade [ 13 Feb 2018, 19:36 ]
Post subject:  Re: Accounts

Of course they will, the bookies have no reason to believe we will be significantly better next season at this stage, especially as they would expect our top scorer to go to a "bigger club". We're only believing we will be challenging on trust - trust that the board will back Gary, and Gary will get the players in that he wants to complete the jigsaw.

Author:  Ben2 [ 13 Feb 2018, 19:41 ]
Post subject:  Re: Accounts

Trust AND experience, shade ;)

I’d say Pell, Winnie, nige, daws, Boyle, Forster, mo and flinders will be able to hold their own in league one. That’s eight. Add a left back, add a right back, add a striker, the rest of the lads are fine for cover to get us up (then be replaced in the inevitable improvements).

Come
On
You
Robins

Turn over those cheeky little imps tonight

Author:  Jerry St Clair [ 13 Feb 2018, 23:10 ]
Post subject:  Re: Accounts

leohoenig wrote:
I suspect this is one of the most important threads in this forum this season - and yet no one has asked the question
What are we doing right?

The financial results for 2016-17 look good, and PB has mentioned in his interview that we expect to have a profit in 2017-18 as well
Historically, we lose money (along with most lower division professional clubs)

So, has our income increased - and if so is it due to our own efforts, or from the centralised deals?
Have we kept a lid on expenditure?
Does the much maligned use of loan players help us keep the club running profitably.

I am not even certain of getting home in time for the forum, so if I'm not there, would someone else ask these questions?


Indeed. And achieved during ‘normal’ seasons. No cup run, big moneyspinners away at Premier League giants or lucrative play off finals. So may lower league clubs rely on big paydays to keep them going so balancing the books without one is doubly impressive.

Author:  RegencyCheltenhamSpa [ 14 Feb 2018, 07:48 ]
Post subject:  Re: Accounts

Re: loans, GJ and PB both mentioned the fact that they are financially a good deal as we are only paying a small part of their wages and we don't need to pay them during June and July like we do with contracted players. Also interesting that PB said the loans live close enough they haven't had to move, whilst we have seven (I think he said) other players put up in accommodation.

Author:  drgm [ 14 Feb 2018, 20:00 ]
Post subject:  Re: Accounts

This puts our current season in perspective

We spent last season avoiding relegation while making a profit
FGR will spend their first season doing exactly the same thing while posting a loss of 2 million or so

Which club is better run? Clever remark from PB -it's obvious which financial model is more sustainable
in the long term.

Author:  King giraffe iii [ 14 Feb 2018, 20:53 ]
Post subject:  Re: Accounts

drgm wrote:
This puts our current season in perspective

We spent last season avoiding relegation while making a profit
FGR will spend their first season doing exactly the same thing while posting a loss of 2 million or so


Apparently not. On course to break even according to DV.

Author:  Ben2 [ 14 Feb 2018, 21:56 ]
Post subject:  Re: Accounts

Astounding. Vince has taken to the FGR forum to reassure them all he’s got it all under control!!! And they’ve all bought it of course. Hurrah for dale

He also took a very clear swipe at us saying nobody would read about us outside the local press (as compared to his master stroke of manipulating a local football club to meet his marketing ambitions). They like that...being used as a marketing arm of his firm seems to suit the fans nicely

Have a look at their forum. If you wondered just why the visits there were so bizarre, the forum explains it all.

Author:  RegencyCheltenhamSpa [ 14 Feb 2018, 23:20 ]
Post subject:  Re: Accounts

Here is Vince’s post:

“Gloslive get FGR accounts direct from companies house website, the day they are published there, then run them as they see them - without coming to FGR for a comment.

What you've seen about CTFC is not a report on their latest accounts as such, it's a cut and paste from a CTFC press release, which reflects on the last two seasons. One of which (the previous one) was loss making - but you never read that in Glos live (before - like when it happened), because they don't publish CTFC accounts in that way.

The difference is that FGR accounts are reported on unilaterally, on the day of publication.....and CTFC are not reported on unless the club puts out a story, as they did this week.

Of course CTFC's loss last year was small compared to FGR's - but so are their ambitions. You're unlikely to read about CTFC outside of Glos live...........:)

Author:  Robin [ 15 Feb 2018, 10:04 ]
Post subject:  Re: Accounts

Can't argue too much about out media coverage, when do you hear about us outside of country wide press and radio?

Author:  Del Boy [ 15 Feb 2018, 10:25 ]
Post subject:  Re: Accounts

Robin wrote:
Can't argue too much about out media coverage, when do you hear about us outside of country wide press and radio?


Like most low league teams rarely to never. That's because there's no stories that would interest the National media unless there's a FA cup game against one of the top few teams.

Author:  drgm [ 15 Feb 2018, 11:29 ]
Post subject:  Re: Accounts

Our ambitions small compared with FGR's! What world is Vince living in?
FGR ambition this season seems to be the same as ours - staying out of the relegation zone. Is that the sum
of their 'ambition'?
They'll probably spend far more than we do to achieve it. As for losses King Giraffe 111, let's see the figures at the end
of the financial year. Dales 'break even' definition probably means something entirely different in the subsidised world
he lives in.

Author:  Shade [ 15 Feb 2018, 11:51 ]
Post subject:  Re: Accounts

Well if FGR's ambitions are much bigger than ours then this season has been an even bigger disaster for them so far, so hardly something to brag about, is it.

What an absolute douchenozzle.

Author:  Lord Elpuz [ 15 Feb 2018, 12:13 ]
Post subject:  Re: Accounts

King giraffe iii wrote:
drgm wrote:
This puts our current season in perspective

We spent last season avoiding relegation while making a profit
FGR will spend their first season doing exactly the same thing while posting a loss of 2 million or so


Apparently not. On course to break even according to DV.


Anyone who failed their Maths GCSE/GCE/CSE could work out that FGR cannot possibly “break even”. Look at their average home gate, then look at what they are paying in wages. You don’t even need a calculator. The business model is bust, and when DV leaves, the club is bust.

The good people of Nailsworth have been convinced they should wear grannies knitted jumpers over their heads and faces. Someone is trying to pull the wool over their eyes, that’s for sure.

I will not be going to the New Lawn again after the way we CTFC fans were treated this season. The CTFC faithful should boycott the New Lawn en masse in future. Our fans represent a big chunk of revenue going into FGR and we are all being taken for mugs.

In a few weeks time, we will be hosting the Nailsworth folk at Whaddon Road, and maybe we should consider showing the FGR owner what Cheltenhamshire hospitality is all about, by doing a “Dale Special” - a discounted beef burger with every pint of beer in our lovely welcoming bar :twisted:

Author:  drgm [ 15 Feb 2018, 14:24 ]
Post subject:  Re: Accounts

Lord Elpuz wrote:
King giraffe iii wrote:
drgm wrote:
This puts our current season in perspective

We spent last season avoiding relegation while making a profit
FGR will spend their first season doing exactly the same thing while posting a loss of 2 million or so


Apparently not. On course to break even according to DV.


Anyone who failed their Maths GCSE/GCE/CSE could work out that FGR cannot possibly “break even”. Look at their average home gate, then look at what they are paying in wages. You don’t even need a calculator. The business model is bust, and when DV leaves, the club is bust.

The good people of Nailsworth have been convinced they should wear grannies knitted jumpers over their heads and faces. Someone is trying to pull the wool over their eyes, that’s for sure.

I will not be going to the New Lawn again after the way we CTFC fans were treated this season. The CTFC faithful should boycott the New Lawn en masse in future. Our fans represent a big chunk of revenue going into FGR and we are all being taken for mugs.

In a few weeks time, we will be hosting the Nailsworth folk at Whaddon Road, and maybe we should consider showing the FGR owner what Cheltenhamshire hospitality is all about, by doing a “Dale Special” - a discounted beef burger with every pint of beer in our lovely welcoming bar :twisted:


Well said. I didn't go this time and wont in future. We had to bring our own 'match-day experience' - they didn't have one

Author:  Shade [ 15 Feb 2018, 15:16 ]
Post subject:  Re: Accounts

Thing is, they're their own main sponsor so Vince can surely just pump in however much is needed to break even from "sponsorship" and it will work out?

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