Financial Accounts Released.

[Deleted]

Feb 23, 2024 18:21:08 GMT Benny said:

Feb 23, 2024 18:07:26 GMT @boris said:

The Mirror has published a Stones feature today that suggests that the club has pocketed £600,000 from its FA cup run from prize money and tv rights.
Add to that 45% of gate receipts for all the ties.
Wonder what that totals.

This was my best guess if we go out on Monday.

TV fees so far £225,000.

Prize money £351,375

Gate receipts £125,000?

Total = £701,375 + 45% of gate receipts for next game.

Suppose £15 a head times 20,000 = £300,000 x 0.45 = £135,000?

Potentially £836,375 minus tax.

Turns out I wasn’t too far off. Oliver says £800,000.

www.kentonline.co.uk/maidstone/sport/maidstone-fa-cup-income-set-to-hit-800-000-303003/

But at least £500,000 of that is probably committed or required elsewhere.

George deserves a statue as much as an extended contract, for pretty much saving our owners from financial difficulty.

[Deleted]

500k needed elsewhere makes me think we are not in a good financial position!

[Deleted]

Mar 7, 2024 8:07:23 GMT @grovergreenstone said:

500k needed elsewhere makes me think we are not in a good financial position!

Where does the £500K figure come from?

£200K for the pitch.
VAT on whatever gate receipts there were.
£200K from the losses.

I think the budget this year would have been drawn up to take into account that we needed to lay a new pitch so I imagine to claim we need to use £200K of the cup run money is disingenuous. Is he saying if we hadn't had the run we wouldn't have the money?

I wonder how much the lotto is making the club.

I don't think this article says much other than we wont have loads of money there to build a stand. 

I think we are in a good financial position. 

[Deleted]

£500,000 was plucked randomly from the air by myself. But could be more if you include TV gantry, two new toilet blocks and the control box. Whatever the true figure, there will definitely not be enough left over for a new stand.

[Deleted]

Yeah Oliver says that himself.

All in all, we have paid for some infrastructure that needed to be done so thank George for that.

One consequence should be a cleaner budget for a few years with playing budget benefitting

[Deleted]

The West Stand ?
Where is that ?
Riverside or Town End ?

[Deleted]

Mar 7, 2024 9:08:10 GMT pwoodstone said:

Mar 7, 2024 8:07:23 GMT @grovergreenstone said:

500k needed elsewhere makes me think we are not in a good financial position!

Where does the £500K figure come from?

£200K for the pitch.
VAT on whatever gate receipts there were.
£200K from the losses.

I think the budget this year would have been drawn up to take into account that we needed to lay a new pitch so I imagine to claim we need to use £200K of the cup run money is disingenuous. Is he saying if we hadn't had the run we wouldn't have the money?

I wonder how much the lotto is making the club.

I don't think this article says much other than we wont have loads of money there to build a stand. 

I think we are in a good financial position. 

Just going by what I read on this forum

[Deleted]

Mar 7, 2024 9:50:21 GMT @boris said:

The West Stand ?
Where is that ?
Riverside or Town End ?

West will be riverside 

[Deleted]

Just build a riverside stand, make it family friendly so I can take my kids every week. Hundreds more will go if they can take their kids, so it will pay for itself in the long run anyway

[Deleted]

I think Oliver is talking about the riverside, although his estimate of cost does seem a bit on the high side.

The earlier proposal was to provide for an all seater stand allowing for a few rows of seats.

Hard to believe that wouldn't increase capacity a shade or two, it would support viewing quality and comfort by plenty and improve significantly the whole spectator experience.

But would never fully pay for itself unless maybe we were regularly getting attendances nearer 3,000.

That would change the landscape but will it ever happen ?

Strange though that a while back the owners were having a right moan at the Borough Council for being slow off the mark for selling the land (pretty cheaply) to the club to allow for the building of this stand.

I seem to recall Terry grumbling about the Council holding the club back and how important the land was to the club.

That certainly raised expectations amongst supporters that now appear to be dashed.

This was all without any windfall money.

If anything, I hope that the one tangible and serious improvement the club can make is to dedicate the Genco stand for home suporters, allowing for the relocation of facilities, barriers etc.

[Deleted]

Think the riverside was 4 rows and 600 capacity. Forget the cost, but pushing a million. Wouldn’t add capacity, but might bring in new fans wanting comfort.

For relatively little cost, make the Town End segregatable so fans can spread out and find decent views in the Genco stand. Would only be needed for a few games anyway.

[stones1]

I think it can’t be overlooked how much building costs have increased in the last 4 years which definitely holds back any big development plans. I believe the genco cost roughly £900,000 - a conservative estimate of home much it would be to replicate in the currently climate would be closer to £2million.
Coupled with the pitch needing replacing, which has lasted 8 years - double what the first one managed - I don’t think we’ll see any stand investment.

The gantry is a league requirement - and the quality of the highlights is already better than previous so that’s a nice bonus. the town end toilets need condemning so that’s an absolute must, they must be pushing a decade old now - which isn’t bad for a portacabin structure.
It’s a shame the money can’t stretch to riverside development but with last years financial black hole it’s hardly a surprise. Regardless, it puts us in a good position going forward.

[Dan]

Funny how building costs have gone up 100% in 4 years.
25% increases year after year.
Wish that hsd happened to my wages.

[jackster]

If all buildung costs have really doubled in a few years it explains why the main benefit of our epic FA cup run us going to be a new toilet for the town enders.

Great !

[Deleted]

How about a temporary scaffolding stand down the riverside like the away end at priestfield ?