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Post by Deleted on Jan 23, 2018 18:56:32 GMT
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Post by porkystone on Jan 24, 2018 11:23:37 GMT
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Post by Deleted on Jan 24, 2018 22:12:01 GMT
Sounds bad. We made £200k profit last year, they are losing £130k a month. How on earth do they manage that?? They own their ground, which doesn't need upgrading, and they get over 1,000 more through the gate than us.
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Post by porkystone on Jan 25, 2018 15:34:47 GMT
Twitter update from The Northern Echo:
The Non-League Paper Retweeted
Nick Loughlin
@loughlinecho
14m
14 minutes ago
More
Just leaving Pools training ground after speaking with Craig Harrison - nothing to update with the state of the club’s finances / sale other to confirm staff have been paid
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Post by Deleted on Jan 25, 2018 15:51:43 GMT
Even I they don't fold (and I'd still be surprised if they did), I assume the NL has the power to deduct points if they think the finances are being handled badly or there's anything dodgy going on?
If Solihull continue their recent form, it would only take a five point deduction to effectively relegate Hartlepool.
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Post by Deleted on Jan 25, 2018 17:48:28 GMT
Even I they don't fold (and I'd still be surprised if they did), I assume the NL has the power to deduct points if they think the finances are being handled badly or there's anything dodgy going on? If Solihull continue their recent form, it would only take a five point deduction to effectively relegate Hartlepool. I believe they can only be deducted points if they go into administration. They would then get a further deduction if they agreed a CVA and failed to stay up to date with payments on it. I believe the standard points deduction for each financial event is 10 points. |
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Post by Deleted on Jan 25, 2018 18:12:28 GMT
Even I they don't fold (and I'd still be surprised if they did), I assume the NL has the power to deduct points if they think the finances are being handled badly or there's anything dodgy going on? If Solihull continue their recent form, it would only take a five point deduction to effectively relegate Hartlepool. I believe they can only be deducted points if they go into administration. They would then get a further deduction if they agreed a CVA and failed to stay up to date with payments on it. I believe the standard points deduction for each financial event is 10 points. Would the points deductions apply this season or next? |
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Post by Deleted on Jan 25, 2018 18:23:48 GMT
Isn't it time football clubs had to send accounts annually to their leagues? Any club running at a loss could be forced to explain what steps they were taking to get back into the black. Any club refusing would be expelled. If we can rebuild the stadium and go full time on crowds of 2400, there is no excuse for financial incompetence.
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Post by Deleted on Jan 26, 2018 23:24:10 GMT
Isn't it time football clubs had to send accounts annually to their leagues? Any club running at a loss could be forced to explain what steps they were taking to get back into the black. Any club refusing would be expelled. If we can rebuild the stadium and go full time on crowds of 2400, there is no excuse for financial incompetence. Except, of course, we can't. Leaving aside the minor points that we haven't actually gone full-time, and that, on our budget, we don't seem to be able to build a squad that's actually capable of getting us through a single season... There's the somewhat more critical fact that we can't rebuild the stadium on crowds of 2,400 - we can only do this with additional 'investment' from outside. The difficulty with clubs proving financial competence is how one interprets their situation re loans, ground ownership, debts, etc. For instance, are we financially competent because we cover our costs with our income and own our own ground, or would the NL see us as actually using a ground owned by someone else (and on which we have no guarantee of tenure), and/or being saddled with a huge debt we can never pay off, and on which we might have to start paying interest at any moment? Is there really any difference between our situation and clubs who depend on a sugar daddy? |
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Post by jdh80 on Jan 27, 2018 4:01:19 GMT
Isn't it time football clubs had to send accounts annually to their leagues? Any club running at a loss could be forced to explain what steps they were taking to get back into the black. Any club refusing would be expelled. If we can rebuild the stadium and go full time on crowds of 2400, there is no excuse for financial incompetence. You talking about just non league here or all football as man utd have over £500 million of debt and I can't see the fa expelling them and as one team won't get expelled you can't expell any others as this would be double standards, although man utd have been getting favourable treatment for years. Sadly financial incompetence is how so many teams have got to there current inflated position and unless others follow they will be left behind and the cycle of spending beyond your means continues until it gets to the point of you have no funds to finish the season. The blame Imo lies with everyone owners, managers, agents, players, the league and fans. |
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Post by Deleted on Jan 27, 2018 8:02:11 GMT
Every club at every level. I hate the Manchester Uniteds of this world, but they can service their debt (loans) with TV money and merchandise, so are sustainable.
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Post by Deleted on Jan 27, 2018 8:04:55 GMT
Isn't it time football clubs had to send accounts annually to their leagues? Any club running at a loss could be forced to explain what steps they were taking to get back into the black. Any club refusing would be expelled. If we can rebuild the stadium and go full time on crowds of 2400, there is no excuse for financial incompetence. Except, of course, we can't. Leaving aside the minor points that we haven't actually gone full-time, and that, on our budget, we don't seem to be able to build a squad that's actually capable of getting us through a single season... There's the somewhat more critical fact that we can't rebuild the stadium on crowds of 2,400 - we can only do this with additional 'investment' from outside. The difficulty with clubs proving financial competence is how one interprets their situation re loans, ground ownership, debts, etc. For instance, are we financially competent because we cover our costs with our income and own our own ground, or would the NL see us as actually using a ground owned by someone else (and on which we have no guarantee of tenure), and/or being saddled with a huge debt we can never pay off, and on which we might have to start paying interest at any moment? Is there really any difference between our situation and clubs who depend on a sugar daddy? Yes. We have made a profit five years running. If we could show a bank a regular £200,000 surplus, that would be grounds for a loan to build a big new revenue-generating stand. Bit like a mortgage. |
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Post by Deleted on Jan 27, 2018 8:14:56 GMT
Except, of course, we can't. Leaving aside the minor points that we haven't actually gone full-time, and that, on our budget, we don't seem to be able to build a squad that's actually capable of getting us through a single season... There's the somewhat more critical fact that we can't rebuild the stadium on crowds of 2,400 - we can only do this with additional 'investment' from outside. The difficulty with clubs proving financial competence is how one interprets their situation re loans, ground ownership, debts, etc. For instance, are we financially competent because we cover our costs with our income and own our own ground, or would the NL see us as actually using a ground owned by someone else (and on which we have no guarantee of tenure), and/or being saddled with a huge debt we can never pay off, and on which we might have to start paying interest at any moment? Is there really any difference between our situation and clubs who depend on a sugar daddy? Yes. We have made a profit five years running. If we could show a bank a regular £200,000 surplus, that would be grounds for a loan to build a big new revenue-generating stand. Bit like a mortgage. We can also borrow money for redevelopment from the bank by leveraging off of the current facilities as long as the repayments are within the 200k figure. Best to do now whilst interest rates are still low globally. Alternatively take the 200k p.a. and invest n stocks whilst they are on a bull run. (Puts on tin helmet) |
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Post by Deleted on Feb 8, 2018 11:00:22 GMT
Hartlepool's troubles obviously aren't new - reading an article on Football Web Pages just now, I was surprised to see this reference to Hartlepool: "a transfer embargo on the club meant they couldn’t extend his deal further" nonleague.pitchero.com/headlines/wrexham-bring-former-pools-winger/I knew nothing of Hartlepool's problems until I saw this thread a couple of weeks ago, but it looks like they've been in the poo for a while. |
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Post by Deleted on Feb 8, 2018 11:42:50 GMT
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