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Old 28th July 2020, 14.50:57   #11-0 (permalink)
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Default Re: Follow the Money

Quote:
Originally Posted by eastsussexred View Post
I haven't really been keeping up with wst side of things as I am no longer a member, but I am assuming that the £213k is our playing budget for the next season when it starts as well as being a fund for future emergencies and a nest egg for development/investment fund also i.e. all of the money that the club has at its disposal?
I also assume that future season ticket sales and a build the budget and merchandise sales will add to that a bit before the next season eventually starts?
No. The £213k referred to is WST funds. We have not been told at any point what the financial states of the football club or WST Assets is.
Not being given an indication of these two accounts and therefore not full disclosure is the reason I did not donate my season ticket refund

So for clarity all the numbers on my original post are Wrexham FC. The £213k bank balance is the WST
Old 28th July 2020, 14.55:58   #12-0 (permalink)
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Default Re: Follow the Money

So they are proposing to use every penny in the bank to finance this project.

But....we already pay nothing to train at the moment on Nine Acre and are still skint? It doesn’t add up. We would have more costs to run this new facility and no money left in reserve? Someone help me out.
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Old 28th July 2020, 15.02:09   #13-0 (permalink)
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Default Re: Follow the Money

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Originally Posted by Funny_Old_Game View Post
So they are proposing to use every penny in the bank to finance this project.

But....we already pay nothing to train at the moment on Nine Acre and are still skint? It doesn’t add up. We would have more costs to run this new facility and no money left in reserve? Someone help me out.
No they are asking the fans to fund it as well as using every last penny the club has by the looks of it.
To propose this and not have funding in place is stark raving bonkers.

I know, I want to build an extension on my house but I've got no idea how I'm going to pay for it but fck it I'm pressing ahead with it anyway
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Old 28th July 2020, 15.11:20   #14-0 (permalink)
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Default Re: Follow the Money

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Originally Posted by Phils-an-alki View Post
No they are asking the fans to fund it as well as using every last penny the club has by the looks of it.
To propose this and not have funding in place is stark raving bonkers.

I know, I want to build an extension on my house but I've got no idea how I'm going to pay for it but fck it I'm pressing ahead with it anyway
You've got lots of friends on here, ask them for a few quid!
Old 28th July 2020, 15.13:33   #15-0 (permalink)
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Exclamation Re: Follow the Money

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Originally Posted by Pieman View Post
With no more Ward money to dip into and a large chunk of the fans refusing to put any more money in until the board have gone we will be in trouble going forward.
Add to this the season ticket refunds
Old 28th July 2020, 15.16:09   #16-0 (permalink)
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Default Re: Follow the Money

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Originally Posted by Lou-Cifer View Post
Add to this the season ticket refunds
That was a cost neutral exercise as they could claim back 20% on every ticket from VAT and I believe close to 80% donated their refund to UTST
Old 28th July 2020, 15.20:21   #17-0 (permalink)
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Default Re: Follow the Money

Quote:
Originally Posted by Haruki View Post
No. The £213k referred to is WST funds. We have not been told at any point what the financial states of the football club or WST Assets is.
Not being given an indication of these two accounts and therefore not full disclosure is the reason I did not donate my season ticket refund

So for clarity all the numbers on my original post are Wrexham FC. The £213k bank balance is the WST
OK, thanks.
Old 31st July 2020, 19.33:05   #18-0 (permalink)
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Default Re: Follow the Money

Quote:
Originally Posted by Funny_Old_Game View Post
So they are proposing to use every penny in the bank to finance this project.

But....we already pay nothing to train at the moment on Nine Acre and are still skint? It doesn’t add up. We would have more costs to run this new facility and no money left in reserve? Someone help me out.
I'm no longer a WST member so have no vote. Would the new facility be a means to generate revenue ?
Old 31st July 2020, 20.21:16   #19-0 (permalink)
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Default Re: Follow the Money

Quote:
Originally Posted by Haruki View Post
No. The £213k referred to is WST funds. We have not been told at any point what the financial states of the football club or WST Assets is.
Not being given an indication of these two accounts and therefore not full disclosure is the reason I did not donate my season ticket refund

So for clarity all the numbers on my original post are Wrexham FC. The £213k bank balance is the WST
Over £100k to get 9 acres up to basic queensway standard, 10+ players needed, sponsors walking away, season tickets sales down, dilapidated stadium, probable pay off for out of his depth manager... sounds like the club finances have never been better...

administrators will be called in by xmas and the fans will get the blame...but not before the "harris jones centre of footballing excellence" sign has been unveiled at 9 acres
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