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Old 25th April 2018, 08.19:30   #19-0 (permalink)
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Default Re: Other teams accounts

Quote:
Originally Posted by Bugs View Post
I believe it’s from the concert they held which lost them money.

They actually lost money as there is a loan write off from the old owner to the tune of £2.1m.

Not as good as first glance.

Also the wage bill will include all non playing staff so it’s hard to tell.

Tranmere's accounts show a profit of £0.5m but within there is a write off of an old loan due to Peter Johnson of £2.2m so in reality its a loss of around £1.7m.

Palios's directors loan account has gone from zero to £1.5m so he's effectively funded the loss. Not sure how deep his pockets are but wouldn't have thought that would be sustainable
Old 25th April 2018, 08.21:33   #20-0 (permalink)
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Default Re: Other teams accounts

Quote:
Originally Posted by astra View Post
Tranmere's accounts show a profit of £0.5m but within there is a write off of an old loan due to Peter Johnson of £2.2m so in reality its a loss of around £1.7m.

Palios's directors loan account has gone from zero to £1.5m so he's effectively funded the loss. Not sure how deep his pockets are but wouldn't have thought that would be sustainable
That’s what I said re loan write off.

Directors loan could mean Johnson as well, so not just Palios as at that date.
Old 25th April 2018, 08.43:28   #21-0 (permalink)
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Default Re: Other teams accounts

Quote:
Originally Posted by Bugs View Post
That’s what I said re loan write off.

Directors loan could mean Johnson as well, so not just Palios as at that date.
There was a discussion about this on the Cowheds about it recently. The most informed response was...

"The club generated 5.5 ish mill turnover but had expenses around 7 mill. Effectively the running costs mean we lost around 1.5 mill in 2017. The new owners loaned the club about 500k to bridge the gap, which they traded for equity, issuing new shares.

At the same time the former owner wrote off 2 mill owed to him creating a stated profit around 500k. The club is now effectively debt free, with the former chairman paid off as well as the 1 mill overdraft by the Ingleborough sale, which also allowed us to invest around 1.5 mill over the year in the training facilities.

By comparison last year the club generated around 3 mill turnover, this growth has mostly been fueled by expansion in non matchday commercial revenue.

With the debt wiped, the training campus paid for (reflected in a huge leap in value in the clubs assets) and the academy transitioning to a centre of excellence saving 300k ish, the club reckon that should we stay down we will be able to breakeven whilst supporting similar costs (incl playing budget).

There are several players (Tom Davies, Aaron Cresswell, Max Power) with sell on and appearence related payments that could potentially come into play though the club doesnt speculate to assume any will factor in.

Stripping away all the complexity, with historical loans and investments into solar campus etc. The club has been losing 500kish a year in the NL. I suspect the aim/hope/belief is we will balance revenue and expenses at 6 mill each next year should we stay down.

Promotion and the restoration of central funding would mean a handsome operational profit moving forward with plenty of room to increase playing staff budget."
Old 25th April 2018, 08.46:58   #22-0 (permalink)
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Default Re: Other teams accounts

Quote:
Originally Posted by Pablosammy View Post
There was a discussion about this on the Cowheds about it recently. The most informed response was...

"The club generated 5.5 ish mill turnover but had expenses around 7 mill. Effectively the running costs mean we lost around 1.5 mill in 2017. The new owners loaned the club about 500k to bridge the gap, which they traded for equity, issuing new shares.

At the same time the former owner wrote off 2 mill owed to him creating a stated profit around 500k. The club is now effectively debt free, with the former chairman paid off as well as the 1 mill overdraft by the Ingleborough sale, which also allowed us to invest around 1.5 mill over the year in the training facilities.

By comparison last year the club generated around 3 mill turnover, this growth has mostly been fueled by expansion in non matchday commercial revenue.

With the debt wiped, the training campus paid for (reflected in a huge leap in value in the clubs assets) and the academy transitioning to a centre of excellence saving 300k ish, the club reckon that should we stay down we will be able to breakeven whilst supporting similar costs (incl playing budget).

There are several players (Tom Davies, Aaron Cresswell, Max Power) with sell on and appearence related payments that could potentially come into play though the club doesnt speculate to assume any will factor in.

Stripping away all the complexity, with historical loans and investments into solar campus etc. The club has been losing 500kish a year in the NL. I suspect the aim/hope/belief is we will balance revenue and expenses at 6 mill each next year should we stay down.

Promotion and the restoration of central funding would mean a handsome operational profit moving forward with plenty of room to increase playing staff budget."
It’s all very shaky to be fair. Mind you cancelling this years festival will help you
As the owners won’t be ploughing in money for the loss.
Old 25th April 2018, 15.51:15   #23-0 (permalink)
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Default Re: Other teams accounts

How much does the WST put in per year ?
Old 25th April 2018, 15.55:04   #24-0 (permalink)
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Default Re: Other teams accounts

Quote:
Originally Posted by REDJB View Post
How much does the WST put in per year ?
RESOLUTION A

Summary: To authorise the use of Trust funds to invest in Wrexham AFC and\or WST Assets Limited

Proposer: The Society Board

“The Society resolves that immediately following the 2017 Annual General Meeting, the Society Board be authorised to invest up to a further £150,000 in Wrexham AFC Limited (a 100% subsidiary of Wrexham Supporters Trust) and\or WST Assets Limited (a 100% subsidiary of Wrexham Supporters Trust), the Board having the power to determine how the investment is distributed between the two companies, during the period following the 2017 AGM up to the 2018 AGM”.

For = 181, Against = 1

This resolution was carried.
Old 25th April 2018, 15.59:51   #25-0 (permalink)
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Default Re: Other teams accounts

Quote:
Originally Posted by tokyored View Post
RESOLUTION A

Summary: To authorise the use of Trust funds to invest in Wrexham AFC and\or WST Assets Limited

Proposer: The Society Board

“The Society resolves that immediately following the 2017 Annual General Meeting, the Society Board be authorised to invest up to a further £150,000 in Wrexham AFC Limited (a 100% subsidiary of Wrexham Supporters Trust) and\or WST Assets Limited (a 100% subsidiary of Wrexham Supporters Trust), the Board having the power to determine how the investment is distributed between the two companies, during the period following the 2017 AGM up to the 2018 AGM”.

For = 181, Against = 1

This resolution was carried.
It doesn't mean the Trust have put £150 k into the club, just that should it be necessary they are authorised to do so.
Old 25th April 2018, 16.07:54   #26-0 (permalink)
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Default Re: Other teams accounts

Quote:
Originally Posted by pagl View Post
HBR, good find. Could you show budgets of top 10 please
for me Budgets and what a team actually has to spend are two differnet things.
Old 25th April 2018, 19.24:42   #27-0 (permalink)
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Default Re: Other teams accounts

Quote:
Originally Posted by Pablosammy View Post
There was a discussion about this on the Cowheds about it recently. The most informed response was...

"The club generated 5.5 ish mill turnover but had expenses around 7 mill. Effectively the running costs mean we lost around 1.5 mill in 2017. The new owners loaned the club about 500k to bridge the gap, which they traded for equity, issuing new shares.

At the same time the former owner wrote off 2 mill owed to him creating a stated profit around 500k. The club is now effectively debt free, with the former chairman paid off as well as the 1 mill overdraft by the Ingleborough sale, which also allowed us to invest around 1.5 mill over the year in the training facilities.

By comparison last year the club generated around 3 mill turnover, this growth has mostly been fueled by expansion in non matchday commercial revenue.

With the debt wiped, the training campus paid for (reflected in a huge leap in value in the clubs assets) and the academy transitioning to a centre of excellence saving 300k ish, the club reckon that should we stay down we will be able to breakeven whilst supporting similar costs (incl playing budget).

There are several players (Tom Davies, Aaron Cresswell, Max Power) with sell on and appearence related payments that could potentially come into play though the club doesnt speculate to assume any will factor in.

Stripping away all the complexity, with historical loans and investments into solar campus etc. The club has been losing 500kish a year in the NL. I suspect the aim/hope/belief is we will balance revenue and expenses at 6 mill each next year should we stay down.

Promotion and the restoration of central funding would mean a handsome operational profit moving forward with plenty of room to increase playing staff budget."
This training ground was part of Birkenhead Institutes playing field and was a memorial to the past boys who lost their lives in the 1st world war. There were memorial gates, bell , changing rooms etc. Then sold to Tranmere by the local council. Shame really as it is now a housing estate.
I think the word philistine might sum up the situation if one was a former Institute student.
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