dumbarton_bud
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Posts posted by dumbarton_bud
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12 minutes ago, Wendy Saintss said:
Reserves isn’t actually £9m in assets unfortunately.It's not £9m in cash, I'll grant you.
But it is £9m in liquid assets that can be converted to cash in the case of an emergency.
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On 7/12/2019 at 9:46 AM, Lord Pityme said:
A few buds wondering now if Qarabag ever put an offer in, based on the fact they couldnt register Hladky for European football at present?
was it jus a ruse by Scott because the club needs the funds after paying Oran off? Ouch... no wonder he is breaching confidentiality agreements, thats gonna smart!
Do we really?
A quick look at the last financial report indicates we had reserves in the region of £9m at the end of FY 17/18 to keep the club going in the case of no income.
It also showed that it cost about £2.5m to run the club that same financial year, with a surplus of about £77.5k at the end, which would be reinvested into the club. Along with the surpluses from FY's 16/17 and 15/16 (approx £160k, I think)
Now I appreciate that these accounts were released before the Stubbs debacle, let alone Kearney, as well as any income from McGinn's move to Aston Villa or Jack Ross' move to Sunderland, but there's no way in hell we've blown through that amount of reserves in just over a year.
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The question I have, if Hladky stays and helps keep us in the Premiership this season then leaves on a PCA/free, are we not still earning a profit off him by still being in the Premiership and the riches (!!) that brings?
I'd imagine if he goes for a free at the end of the season, he'd have recouped any transfer/signing on fee paid to get him many times over through the increased prize money.
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2 minutes ago, JJ McG said:
Bigger clubs than us in Scotland are now interested in Popescu, can’t see him coming back to us, hope I’m wrong though.
Can see him at someone like Hearts. Hopefully if he does end up somewhere else in Britain, it's down south.
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2 minutes ago, bazil85 said:
So not Tony Fitzpatrick’s situation then? Cool, glad we agree
Uh, Tony Fitzpatrick is our CEO.
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3 hours ago, abersgonnygetye said:11 hours ago, TediousTom said:19) A big German stole their watches
20) GLS set dogshite on fire and posted it through Oran's letterbox
Is that his house in NI that he commutes from or the one he bought in Bridge of Weir?
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1 minute ago, shull said:
Makes me happy
When skies are grey
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1 hour ago, djchapsticks said:
Mihai Popescu confirming to Romanian press that he's joining us.
We are also covering his 4,000 Euro (hopefully a month) salary and have the option to purchase.
Didn't realise we were relocating to Russia; or is it a name change?
Edit. Also, welcome Greg Tansey!!
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Oh look, Shull disagrees with something.
Again.
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Any chance of playing Dumbarton again? That way Stubbs can do the traditional thing and resign afterwards (see Murray and Rae).
Cannot believe we won the Championship 3-months ago. Could see the new players weren't up to it against Spartans and Queens Park.
Will happily eat my words if Stubbs comes through but I don't see it happening
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3 minutes ago, W6Saint said:
When did you qualify as an Ian Murray impressionist?
He hasn't yet. Needs to be sacked after a game at Dumbarton to fully qualify.
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8 minutes ago, St.Ricky said:
just a reminder. unbeaten in our 3 competetitive games.
With a zero percent win ratio.
Somehow I don't think we'll be able to draw our way to Premiership safety.
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This is marginally less pish.
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This is pish.
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7 minutes ago, magnus said:
Changed my mind. The sponsor is a Saints diehard so good on him for putting his hard earned cash up. I will be proudly going to the Simple Digital Arena for the next 4 years.
Definitely this. My other half is good friends with his other half so was aware this was a thing for a wee while, but didn't ask figures.
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On 5/29/2018 at 11:55 AM, Deekthebuddie said:
It's a possibility, although naming the stadium will be likely to be who is willing to pay most to do it. The renaming of the railway station is also a possibility. When I lived in Newcastle a few years back, the Metro station nearest St.James's park was named that and was decked out in black and white as opposed to the yellow in the rest of the stations, and Scotrail did rename Exhibition Centr station to Craiglang (although was just for the duration of Still Game 2 being on at the hydro)
Have heard that there are already plans in place for a local company to take on the stadium name sponsorship post-Paisley 2021.
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4 hours ago, renfrew said:
Partick give 6000. £360K
Fakes gives 5000. £300K
Ross C gives 2500. £150K
Well gives 5000. £300K
Killie gives 8000. £480K
Accies gives 3000. £180K
Dundee gives 3000. £180K
St Mirren gives 1600. £96K
I have based this on 3 home games against them at an average of £20 a ticket and if we only give them the 1 stand.
It would be madness to give those teams above who are closer to us in size and support such a big advantage in finance.
We need the bigots ££££ just like the teams in the championship wanted our ££££
Forgive my ignorance but where are you getting that Thistle give 6000 tickets to OF fans? Firhill only holds about 10k. Or Accies give 3000 in a 5k stadium
Numbers seem a bit off to me...
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Wee suggestion for tomorrow's game. Goes to the tune of the Proclaimers "Letter from America":
Dumbarton no more,
Greenock no more,
Falkirk no more,
Brechin no more.
Dunfermline no more,
Inverness no more,
Dumfries no more,
Livingston no more
Repeat ad nauseum.
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1 minute ago, HSS said:
Been on the bus for an hour.Just passing SECC on Expressway.
Thank f**k there's a lavvy.
Sat nav took us past Silverburn and on to the M74 that way. Currently in Stirling services. Good few Saints fans kicking about
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1 hour ago, BuddyHolly9 said:
What time are people leaving from Paisley for the game? Half 5 too late?
I travel to Perth once a week and try to get through Glasgow before 5 so I'm not sitting on the M8 for ages. Usually get to Perth for about 6.
I'm aiming to leave Johnstone around half-4 in the hopes of getting to the M80 for about 5. Failing that it's down the M74 and along the M73. Probably have a pitstop at Stirling or Broxden services.
Have room for 3 in the car if anyone's happy to contribute to the fuel tank.
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1 minute ago, bazil85 said:
Mate come on seriously? Do people really give their fellow buddies this little credit that they want two votes? 'Can we use ring fenced funds - Yes Are you sure - Oh wait no'
Putting barriers up that are really not required.
That's not what I said, and I have edited that I misread your quote so I apologise for the confusion in that sense.
However, whether Saints fans deserve the credit is neither here nor there. The question needs to be put in its own right over accessing the restricted funds. Yes/No question. If yes, then what to do with the funds can be asked of the membership. If no, then carry on as you were.
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2 hours ago, bazil85 said:
Eh? talk about making absolutely no sense.
Fans should be asked if it's alright for them to be asked to use the ring fenced funds?
Come on, play the game here. Very poor argument.
It's a members organisation so yes, this is exactly how this should have gone. This is restricted funds, not unrestricted.
If I was working at an organisation that took charitable donations, and a donor specified a donation for a particular use; these funds are restricted to that exact use.
If I wanted to use those funds for something else, I would need to check with said donor and get their permission before planning the other project. There is a due process that needs to be followed and it appears SMISA are skipping a step in that process.
Misread the original quote, but my point stands.... Asking to be asked etc
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41 minutes ago, garzo said:
If this money is paid for this purpose, which on principle I don't agree with at the moment but lets go with this for now - a share transfer agreement should be drawn up to download (in proportion) in favour of SMISA.
This is the only way this deal should be taken forward.
Shareholders investment should be in proportion to share holding.
Otherwise money is in gift, loan or sponsorship with benefits gained.
We need to start thinking business like, shareholders first, not as fans.This internal SMISA loan (without being 100% knowledgeable on constitution) does not seem constitutional and contains elements of risk we should resist.
Might not be a popular view but is my view and I'll vote accordingly.This. Why can't SMISA pay forward the 50k in return for the equivalent number of shares early? Are we tied into using the funds to buy out GS in a lump sum? I can't say I'm a big fan of balloting the members to change what was an fairly important condition (at least, to me) during the sign-up process.
Also, whoever agreed that sponsorship package should be shot - 50k to rename Ralston for two seasons, sponsor one of the youth teams, a youth team shirt and a tour of the training ground?!? We renamed our stadium - something that gets a ton more exposure than our training facility - for approx £60k. Someone needs to get their head out their arse.
Sell Now (Hladky) or Jam Tomorrow?
in General St. Mirren Discussion
Posted
Fair enough. Not going to lie, my main experience is reading Trust and Foundation accounts where reserves are a bit different, usually as there's no fixed assets.