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Post by Benny on Aug 13, 2020 16:31:06 GMT
Nothing much to suggest that the club has lost money over the last 12 months, but income was def on a downward trajectory, even before the premature end to the season. If the club did operate at a modest loss, it would have been covered by an increasing loan debt to the owners. More cost cutting has taken place, but if attendances are down to 1,100 ish, hard to imagine how break even can be realised. I base it on the fact that the last financial statement I remember showed a meagre profit of around £9000 and things hhave definitely got worse since then culminating in 4 months with no income at all. I would be very surprised if we are currently running at a profitable level,though I would be gloriously happy if i am completely wrong. Think though, if we are having worries with our crowds and set up what must it be like for other clubs at this level and below. The £100,000 cup run will have helped...a bit. But as Rob suggests, the loans have been used in the past to even out good and bad years, and infrastructure projects. Also, the madness of multiple loan signings in the relegation season are a thing of the past, replaced by planned budgets. Maybe some government Covid cash? But yeah, one hell of a challenge for the bean counters right now.
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Post by jdh80 on Aug 13, 2020 18:02:29 GMT
Paxman is a frustrating player, loads of talent but too many poor games for me. I wouldn't bother personally. I don't think the club should look backwards at players like Paxman and Worgan. Honestly, we don't need them. There are bound to be loads of unemployed and unhappy players floating around at the moment and Hak can take his pick from a wide net so why even consider former players who are either coming to the end of their careers, or didn't exactly light the place up first time round. If we didn't already have lewington signed up then i would not have minded us re-signing Worgs, but with lewington already signed it was not going to happen. Paxman yeah agree no from me as well, corne and khan better players and we need a holding midfielder which pax certainly ain't.
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Post by daveu on Aug 13, 2020 20:56:01 GMT
Paxman is a frustrating player, loads of talent but too many poor games for me. I wouldn't bother personally. I don't think the club should look backwards at players like Paxman and Worgan. Honestly, we don't need them. There are bound to be loads of unemployed and unhappy players floating around at the moment and Hak can take his pick from a wide net so why even consider former players who are either coming to the end of their careers, or didn't exactly light the place up first time round. If we didn't already have lewington signed up then i would not have minded us re-signing Worgs, but with lewington already signed it was not going to happen. Paxman yeah agree no from me as well, corne and khan better players and we need a holding midfielder which pax certainly ain't. Worgs was never going to sign anyway. He wanted part time football with evening training so he could pursue his career in education. Agree about Paxman. Bags of skill but no footballing intelligence. He was exactly the same player when he left as he was when we signed him. Just couldn't seem to grow as a player, which is a shame because with a bit of intelligence he could have played in league 2, or even 1. BJT I'd have back like a shot if he was prepared to take the kind of pay cut the club could afford.
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Post by Stonethecrow on Aug 14, 2020 7:03:00 GMT
So what happened Hak ? 2 weeks ago you declared new signings are "just around the corner" and "a few new signings by this time next week" Somebody was dreaming !
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Post by porkystone on Aug 14, 2020 7:30:43 GMT
So what happened Hak ? 2 weeks ago you declared new signings are "just around the corners" and "a few new signings by this time next week" Somebody was dreaming ! As always, I bet there is a lot of ' shall I / shan't I ' from players at the moment, who want a deal somewhere, but are looking for better than Maidstone & will only settle for MUFC if nothing better is on the table. Remember also, Hak will be under strict budget control, not much cash to flash at the mo.
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Post by Stonethecrow on Aug 14, 2020 8:06:50 GMT
Fair enough, but it sounds that Hak may have been disappointed. Either that or players have not yet accepted the new norm of lower wages.
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Post by sword65 on Aug 14, 2020 8:49:24 GMT
Fair enough, but it sounds that Hak may have been disappointed. Either that or players have not yet accepted the new norm of lower wages. You are probably spot on with that comment. Players are greedy and I hope some of them come unstuck and they end up with no club and no income at all.
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Post by steveh21 on Aug 14, 2020 9:14:37 GMT
Fair enough, but it sounds that Hak may have been disappointed. Either that or players have not yet accepted the new norm of lower wages. You are probably spot on with that comment. Players are greedy and I hope some of them come unstuck and they end up with no club and no income at all. I wouldn't go that far. Players are entitled to ask for what they think they are worth.. up to employers to say no.. a game of poker. I worry about the lack of new faces for this season and the lack of news re any friendlies etc.
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Post by Dan on Aug 14, 2020 9:53:38 GMT
Hak's expected signings just havnt happened. Only 2 new faces and they were done deals ages ago.
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Post by Fed up with PC views only on Aug 14, 2020 10:15:19 GMT
Hak's expected signings just havnt happened. Only 2 new faces and they were done deals ages ago. Deja vu.
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Post by sword65 on Aug 14, 2020 12:15:21 GMT
You are probably spot on with that comment. Players are greedy and I hope some of them come unstuck and they end up with no club and no income at all. I wouldn't go that far. Players are entitled to ask for what they think they are worth.. up to employers to say no.. a game of poker. I worry about the lack of new faces for this season and the lack of news re any friendlies etc. But 90% of players have an over inflated opinion of what they are worth and it needs all employers to say no to bring their egos down to the right level,alas this will not happen and you will still get players who are as good and useful as I am on silly money. The lack of new faces and friendlies may well be down to the fact that nobody seriously believes we will start on October 3rd.
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Post by steveh21 on Aug 14, 2020 14:41:01 GMT
I think they believe their agents who big them up. Ultimately there are no world beaters in a part time league like NLS! :-)
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Post by Stonethecrow on Aug 14, 2020 15:51:56 GMT
Swordy you may be right that the season doesnt start on 3/10, but you are in a minority, so the basis of your argument is up s*** creek.
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Post by sword65 on Aug 14, 2020 16:09:22 GMT
Swordy you may be right that the season doesnt start on 3/10, but you are in a minority, so the basis of your argument is up s*** creek. I'd love to take a vote on that to see what people really think as I think it would be nearer 50/50 on when they think the season will start. If it starts on Oct 3(my birthday) and starts behind closed doors then the likelihood is that most teams in the league will go bust by the end of October. I sincerely hope I am wrong for everyones sake not just MUFC.
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Post by daveu on Aug 14, 2020 17:52:10 GMT
Barring a second wave it will start on 3rd October, not behind closed doors but with downward of 25% capacity
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