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Post by Deleted on Oct 11, 2016 13:29:32 GMT
Eastleigh chairman wipes out nearly £5m debt! nonleague.pitchero.com/news/grand-gesture-leaves-eastleigh-debt-free-50370/I don't begin to understand how that works. But as an indication of just how much this guy has spent on turning Eastleigh into a NL club, even after wiping out £5m debt, he goes on to say this: "It is clear it is not self-sustainable without my finances just yet. However, we have increased season tickets to almost 1,200 from less than 50 and have gates of over 2,000, up from around 500. This coupled with commercial revenues in excess of £1 million means that it is starting to make Eastleigh a much more viable model." He says, as a result of this, there's enough money in the club to keep them running for the next two years. But what happens if they are not self-sustaining by then? They have had several donations (directors writing off debts) in the past and yet they have still run up a massive debt again. They must have done their homework and think that reaching the promised land of League football will increase their turnover. The way of football at the moment, seems to be to rely on massive investment rather than doing it organically. We did to a certain extent. Yes we did, but the large capital investment was almost entirely in developing the ground, a permanent asset. As far as I understand, the playing side is almost entirely self financing through gate receipts and sponsorship. Not being any kind of property or financial expert, I do wonder whether the ground's market value would be anywhere near what it cost to build. |
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Post by Deleted on Oct 11, 2016 13:57:18 GMT
Eastleigh chairman wipes out nearly £5m debt! nonleague.pitchero.com/news/grand-gesture-leaves-eastleigh-debt-free-50370/I don't begin to understand how that works. But as an indication of just how much this guy has spent on turning Eastleigh into a NL club, even after wiping out £5m debt, he goes on to say this: "It is clear it is not self-sustainable without my finances just yet. However, we have increased season tickets to almost 1,200 from less than 50 and have gates of over 2,000, up from around 500. This coupled with commercial revenues in excess of £1 million means that it is starting to make Eastleigh a much more viable model." He says, as a result of this, there's enough money in the club to keep them running for the next two years. But what happens if they are not self-sustaining by then? They have had several donations (directors writing off debts) in the past and yet they have still run up a massive debt again. They must have done their homework and think that reaching the promised land of League football will increase their turnover. The way of football at the moment, seems to be to rely on massive investment rather than doing it organically. We did to a certain extent. Well, maybe they have done their homework, but it's difficult to believe there's not a lot of wishful thinking in there. If their assumption is they'll be OK once they get into the FL (TV money, presumably?), then their business model must be to get into the FL asap - presumably within 2 years? But, as we know to our cost, this league is a far cry from the old Conference, and the only way out is to spend big. Their only sources of money (leaving aside 'investments' and loans) are matchday and commercial income. Their gates are on a par with ours (100+ less, ignoring the free game) and their commercialisation can't be as good as ours, without a 3G pitch, so I can't see how they can afford the money to get promoted on income alone. I can only assume that they're working on the assumption that gates (and commercial opportunities) will increase significantly with promotion. But that strikes me as a bit of a gamble - would we be attempting anything like that with a Premier League team just down the road? If they can get into the FL in two or three years AND get gates of 4-5,000, then maybe it will work out. But those are both big 'ifs', and I fear the second one is just too unlikely. |
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Post by Deleted on Oct 11, 2016 14:50:28 GMT
They have had several donations (directors writing off debts) in the past and yet they have still run up a massive debt again. They must have done their homework and think that reaching the promised land of League football will increase their turnover. The way of football at the moment, seems to be to rely on massive investment rather than doing it organically. We did to a certain extent. Yes we did, but the large capital investment was almost entirely in developing the ground, a permanent asset. As far as I understand, the playing side is almost entirely self financing through gate receipts and sponsorship. Not being any kind of property or financial expert, I do wonder whether the ground's market value would be anywhere near what it cost to build. Yeah i was not insinuating anything to the contrary. It's just even at this level (this level is actually a high level these days) it takes a lot of backing financially, to be able to survive. |
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Post by Deleted on Oct 12, 2016 0:10:03 GMT
Telford in trouble: www.bbc.co.uk/sport/football/37620159nonleague.pitchero.com/news/afc-telford-call-for-off-field-help-50383/They want the supporters trust, who own the club, to allow them to take external investment - i.e. for investors to buy shares in the club. Interesting reflection on the concept of supporter owned clubs - a good model for rescuing clubs, but does I have its limitations when the club needs investment to progress? AFC Telford are a phoenix club, replacing the old Telford United we used to play in our Conference days, who went bust in 2004 when their owner's business collapsed - leaving them with over £4m in debts. They started life in the Northern Premier Div1, but were back in the Conference (N) after three seasons. They had two brief spells in the Conf Prem/NL, but they spent most of their time in the Conf/National North - where they are currently sitting rather precariously at 19th, 1 place and 5 points above relegation. |
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Post by frankinstone on Oct 13, 2016 15:04:25 GMT
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Post by jimmy reed on Oct 13, 2016 15:14:39 GMT
Wrexham sack manager !! Gary Mills leaves his position as Wrexham manager - more details on the website shortly - www.wrexhamafc.co.uk |
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Post by Deleted on Oct 13, 2016 16:13:27 GMT
Wouldn't be surprised to see Mills take the York job.
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Post by ronaldostone on Oct 13, 2016 18:27:05 GMT
From Braintree's Twitter account, Reece Hall Johnson has signed with them. Reece who? Forgot him already |
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Post by Deleted on Oct 14, 2016 8:28:02 GMT
From Braintree's Twitter account, Reece Hall Johnson has signed with them. Reece who? Forgot him already You can remember him when he scores the winner on 25th February |
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Post by Deleted on Oct 14, 2016 11:12:56 GMT
Reece who? Forgot him already You can remember him when he scores the winner on 25th February Own goal, get in there. Another 3 points to safety. |
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Post by Deleted on Oct 14, 2016 12:14:36 GMT
Reece who? Forgot him already You can remember him when he scores the winner on 25th February Reeeece Hall-Johnson Baby! Reeeeeeece Hall-Johnson whoooooaaaaaoooaaaaa!!  |
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Post by Deleted on Oct 16, 2016 20:27:59 GMT
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Post by Deleted on Oct 16, 2016 20:47:27 GMT
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Post by Deleted on Oct 16, 2016 20:52:17 GMT
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Post by frankinstone on Oct 16, 2016 21:51:51 GMT
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