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 Post subject: Accounts
 Post Posted: 12 Feb 2018, 14:38 
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Healthy profit over past two years: http://bit.ly/AccountsCTFC


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 Post subject: Club finances announced
 Post Posted: 12 Feb 2018, 14:42 
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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.


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 Post subject: Re: Accounts
 Post Posted: 12 Feb 2018, 14:44 
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Mods: feel free to move my thread/comments into this thread.


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 Post subject: Re: Accounts
 Post Posted: 12 Feb 2018, 15:01 
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Done!


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 Post subject: Re: Accounts
 Post Posted: 12 Feb 2018, 15:01 
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You mean that getting promoted cost us about £2.4m less than FGR thats season :lol:


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 Post subject: Re: Accounts
 Post Posted: 12 Feb 2018, 17:14 
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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 ;)


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 Post subject: Re: Accounts
 Post Posted: 13 Feb 2018, 12:48 
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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?


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 Post subject: Re: Accounts
 Post Posted: 13 Feb 2018, 14:11 
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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.)


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 Post subject: Re: Accounts
 Post Posted: 13 Feb 2018, 15:01 
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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.


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 Post subject: Re: Accounts
 Post Posted: 13 Feb 2018, 18:26 
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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.


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 Post subject: Re: Accounts
 Post Posted: 13 Feb 2018, 18:40 
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I hope now Del boy and Horlick can lay off GJ as it's pretty obvious his hands were severely tied that summer.


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 Post subject: Re: Accounts
 Post Posted: 13 Feb 2018, 19:11 
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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.


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 Post subject: Re: Accounts
 Post Posted: 13 Feb 2018, 19:36 
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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.


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 Post subject: Re: Accounts
 Post Posted: 13 Feb 2018, 23:10 
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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.


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 Post subject: Re: Accounts
 Post Posted: 14 Feb 2018, 07:48 
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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.


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 Post subject: Re: Accounts
 Post Posted: 14 Feb 2018, 20:00 
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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.


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 Post subject: Re: Accounts
 Post Posted: 14 Feb 2018, 20:53 
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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.


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 Post subject: Re: Accounts
 Post Posted: 14 Feb 2018, 23:20 
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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...........:)


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 Post subject: Re: Accounts
 Post Posted: 15 Feb 2018, 10:04 
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Can't argue too much about out media coverage, when do you hear about us outside of country wide press and radio?


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 Post subject: Re: Accounts
 Post Posted: 15 Feb 2018, 10:25 
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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.


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 Post subject: Re: Accounts
 Post Posted: 15 Feb 2018, 11:29 
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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.


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 Post subject: Re: Accounts
 Post Posted: 15 Feb 2018, 11:51 
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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.


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 Post subject: Re: Accounts
 Post Posted: 15 Feb 2018, 12:13 
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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:


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 Post subject: Re: Accounts
 Post Posted: 15 Feb 2018, 14:24 
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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


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 Post subject: Re: Accounts
 Post Posted: 15 Feb 2018, 15:16 
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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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