All staff including players at Wrexham AFC to be furloughed

[GiggityGiggityGiggityGoo]

Here's part 1 of 2, part 2 above, didn't copy and paste all. Apologies, should make more sense


Andyh
@AndyhHolt
To grow a business you need a stable base, it’s no good growing an area of your business if you’re not looking after the existing. You’re not growing in this instance, you’re replacing business.

To my staff I say, ‘I’m sat in the crows nest looking for icebergs years ahead’....
5:56 am · 9 Apr 2020·Twitter for iPhone
5
Retweets
52
Likes
Andyh
@AndyhHolt
·
15h
Replying to
@AndyhHolt
....because icebergs sink you.

That said, the only iceberg on the horizon was #brexit

With this in mind I’ll explain what I’m seeing. I’ll name other clubs as illustrative examples only so NO disrespect meant to them: it’s to make points only.

Anyhow....

New iceberg #COVID19
Andyh
@AndyhHolt
·
15h
All I hear about from football leaders, newspapers, the media, the
@FA

@EFL

@premierleague

@PFA
etc. is the need to finish this season.

I understand this.
@SkyFootball
and
@UEFA
are clowns for making threats to future income about this.

We don’t need added pressure to make...
Andyh
@AndyhHolt
·
15h
....wrong decisions here.

All our players and staff are furloughed
@ASFCofficial
save 4 to keep some communication and grass cut.

There’s no hope of finishing this season any time soon, unless it’s behind closed doors.

But this is massively costly because to get back up and...
Andyh
@AndyhHolt
·
15h
...running we’d have to un-furlough the club a month in advance and for the period until the season is finished.

Say 3 months for 50 folk. £375,000 alone. It does not include all the other costs of stadia, medical, police etc.

So to finish season £500k loss minimum with zero...
Andyh
@AndyhHolt
·
15h
...income.

So...

...with this drain of cash in mind let’s look at next season....

For example only I split our income 3 equal ways. (Not far off for
@ASFCofficial
)

Matchday £800k
EFL distribution £800k
Prem solidarity £800k

This is the same for
@SunderlandAFC
except...
Andyh
@AndyhHolt
·
15h
...match day might be £8m as opposed to 800k.

Match Day.

The
@NHSuk
are expecting another peak in #COVID19 after to one early May, to come around end Nov-Dec.
People when released will be caught by this virus, and the object is not to try to stop it. It is to try to manage...
Andyh
@AndyhHolt
·
15h
...it at a level that the NHS can cope.

This is solid info and is common sense.

So even if we play next season, there is a major risk to match day income. This disproportionately affects Stewart Donald
@SunderlandAFC
because he’s got £8m to worry about, we’ve got £800k.

[GiggityGiggityGiggityGoo]

Pretty shocking really Andy Holt is more forthcoming with details. The 'fan owned' and 'transparent' Wrexham AFC have yet to provide, if they ever provide them.

As WrexhamO says, we're still waiting on those minutes and some of us are rightly worried if we actually have any reserves.