Chesterfield F.C. funding - RedPassion.co.uk

Iggy Pop · 24th August 2021, 11.42:55

Not strictly Wrexham related, I know, but found this very interesting. We now know where Chesterfield are getting all their money from...Covid insurance FFS!! Can you believe it?

https://www.derbyshiretimes.co.uk/sp...gnings-3355793

Wxm boy · 24th August 2021, 11.49:35

If true, well done to whoever took that policy out.
Posted via mobile theme

NewportRoadEnd · 24th August 2021, 11.50:52

All sounds rather tenuous.

Huffy · 24th August 2021, 11.59:29

I cannot believe it would pay out the amounts needed to fund them ongoing ,shirley?

TheRealWelshWayne · 24th August 2021, 12.17:26

"The policy was taken out by chief executive John Croot and the club won their case in the High Court."

"They are expecting the unnamed insurer to start paying out on a monthly basis in the ‘near future’.

Fantom said: “The club is in good shape.

"I think a lot of people when they have seen the signings we have made this season are wondering where the money is coming from.

"Last year we managed to balance the books with a combination of loans and grants from government but this year is a totally fresh start.

"We have an insurance policy that covers us against Covid. This was put in place before my time actually. John Croot put it in place and we are covered against all events that are affected income-wise by Covid so, as you can imagine, that can be quite a significant sum.

"Whilst we have not gone to the nth degree to quantify this yet, it is obvious that one big chunk of it will be what attendances we have lost."

There are a lot of test cases going through the courts.

krux · 24th August 2021, 12.17:56

Lol

So chesterfield have beaten the insurance industry and no one else has........

LlayDragon · 24th August 2021, 12.19:22

Quote:

Originally Posted by krux

Lol

So chesterfield have beaten the insurance industry and no one else has........

Comical isn't it?

RobboRed1 · 24th August 2021, 12.30:35

Hardly a sustainable funding model that ! Absolute joke of a club they are.

-luke · 24th August 2021, 12.35:43

So shouldn't they be paying back their furlough money then?

24th August 2021, 11.42:55	#1-0 (permalink)
Iggy Pop Cult Hero (info 1 & 2) (info) Joined: May 2005 Racecourse Spot: Wrexrent Stand Real Name: James Osterberg Twitter: @	Chesterfield F.C. funding Not strictly Wrexham related, I know, but found this very interesting. We now know where Chesterfield are getting all their money from...Covid insurance FFS!! Can you believe it? https://www.derbyshiretimes.co.uk/sp...gnings-3355793 __________________ "Success, is the ability to go from one failure to another with no loss of enthusiasm" - Sir Winston Churchill

24th August 2021, 11.49:35	#2-0 (permalink)
Wxm boy Part Time ITV4 Pundit Joined: Oct 2004 Racecourse Spot: Real Name: Twitter: @	Re: Chesterfield F.C. funding If true, well done to whoever took that policy out. Posted via mobile theme

24th August 2021, 11.50:52	#3-0 (permalink)
NewportRoadEnd Legend Joined: Jan 2019 Racecourse Spot: none given Real Name: none given Twitter: @	Re: Chesterfield F.C. funding All sounds rather tenuous.

24th August 2021, 11.59:29	#4-0 (permalink)
Huffy Due a Testimonial (info 1 & 2) Joined: Oct 2004 Racecourse Spot: Yale Kop end Real Name: Rip Van Winkle Twitter: @" what do you expect from a pig except a grunt "	Re: Chesterfield F.C. funding I cannot believe it would pay out the amounts needed to fund them ongoing ,shirley? __________________ Down with this sort of thing!!!

24th August 2021, 12.17:26	#5-0 (permalink)
TheRealWelshWayne Taking coaching badges Joined: Oct 2020 Racecourse Spot: Yale Real Name: Twitter: @	Re: Chesterfield F.C. funding "The policy was taken out by chief executive John Croot and the club won their case in the High Court." "They are expecting the unnamed insurer to start paying out on a monthly basis in the ‘near future’. Fantom said: “The club is in good shape. "I think a lot of people when they have seen the signings we have made this season are wondering where the money is coming from. "Last year we managed to balance the books with a combination of loans and grants from government but this year is a totally fresh start. "We have an insurance policy that covers us against Covid. This was put in place before my time actually. John Croot put it in place and we are covered against all events that are affected income-wise by Covid so, as you can imagine, that can be quite a significant sum. "Whilst we have not gone to the nth degree to quantify this yet, it is obvious that one big chunk of it will be what attendances we have lost." There are a lot of test cases going through the courts. Last edited by TheRealWelshWayne; 24th August 2021 at 12.19:28..

24th August 2021, 12.17:56	#6-0 (permalink)
krux Tipped As Manager Joined: Jul 2012 Racecourse Spot: none given Real Name: none given Twitter: @	Re: Chesterfield F.C. funding Lol So chesterfield have beaten the insurance industry and no one else has........

24th August 2021, 12.30:35	#8-0 (permalink)
RobboRed1 Squad Player Joined: Jul 2012 Racecourse Spot: Yale Stand Town End Real Name: Ian Roberts Twitter: @	Re: Chesterfield F.C. funding Hardly a sustainable funding model that ! Absolute joke of a club they are.

24th August 2021, 12.35:43	#9-0 (permalink)
-luke Legend Joined: Sep 2019 Racecourse Spot: none given Real Name: none given Twitter: @	Re: Chesterfield F.C. funding So shouldn't they be paying back their furlough money then?