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11 Aug 2019 19:46:46
Hi Reds and Eds,

This is directed more at ed002 but I'd love to hear ed001's thoughts too.

I was wondering if we might get an honest assessment of how the club are doing financially now, particularly when compared to say 5 years ago, and also where the club goes from here.

All the best!

{Ed002's Note - I don’t want to get in to comparisons but generally the club are in good shape. They are hopefully pushing to clear debt this year and income was good over the last two years - but spending high on agent fees (very high) and on “additional” payments which must stop. Going forward the club has made a change at a senior level commercially so it is unclear where that will lead - perhaps naming rights of some type. The state of Brexit has dragged the finances down (as it has for all clubs) and again it remains unclear what will happen in the medium to long term. As far as the stadium goes the club are letting planning expire so Phase 2 as planned is effectively off the table whilst options are considered.}

Agree0 Disagree0

11 Aug 2019 22:53:34
Ed002, your insight and posts are more appreciated than you probably know. I understand that some people don't like to hear "real world stuff", but I really appreciate what you bring to this site.

{Ed002's Note - Thanks.}

12 Aug 2019 00:18:45
Thanks, Ed02. Good to know that the debt has come down signifcantly thanks to the rise in income from the last two seasons. Hopefully, we can keep improving on the commercial side as well as improvement in facilities at the club.

{Ed002's Note - The commercial side will always be limited by the number of big ticket items that can be sponsored - shirt manufacturer, shirt sponsor, trading ground, stadium/stands ... The other sponsorship opportunities - like travel partners, photocopy supplier, lubricant supplier do not bring in significant funds. But there has been a major personnel change on that front so we will see what happens.}

12 Aug 2019 09:04:22
Winning number 7 will be a nice little cash injection then 😂.

12 Aug 2019 11:10:57
FSG in.

12 Aug 2019 14:52:39
Ed002,that's brilliant, thanks for the excellent reply. It's good to hear, any idea what the alternatives might be regarding the stadium?

{Ed002's Note - The options will need to be open and financially viable.}







 

 

 
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