bluto Posted March 28, 2015 Report Share Posted March 28, 2015 An excellent blog about the state of SPL club finances - as best as can be deduced. Grim but honest reading particularly for Saints... But I still don't hear a fat lady singing... http://www.thefootballlife.co.uk/post/114792298306/spfl-premiership-stress-testing-clubs-finances Quote Link to comment Share on other sites More sharing options...
TopCat Posted March 28, 2015 Report Share Posted March 28, 2015 I'm sure there was a report last week which said 29 out of the top 30 clubs in Scotland were financially stable. Don't see how relegation will be a 'catastrophe' for us as he puts it. We have no debt and we own our own training facility and stadium. We have 6 or 7 players contracted for next season, all of them are under 25 and will be on relatively modest contracts. We will simply cut our cloth accordingly and reduce expenditure as income reduces. As we have done before and will do again. Quote Link to comment Share on other sites More sharing options...
FTOF Posted March 28, 2015 Report Share Posted March 28, 2015 (edited) And yet, some halfwits, who appear to be living in La La land, think we'll be fine after relegation. Edited March 28, 2015 by FTOF Quote Link to comment Share on other sites More sharing options...
shull Posted March 28, 2015 Report Share Posted March 28, 2015 We will be fine whether we're relegated or not. Quote Link to comment Share on other sites More sharing options...
TopCat Posted March 28, 2015 Report Share Posted March 28, 2015 Just one thing, Goodwin and Teale are definitely not under 25. Well Teale is the manager. Goodwin's contract scenario isn't clear. He signed a 2 year deal as a player/assistant manager. That contract was clearly altered when TC was sacked. Quote Link to comment Share on other sites More sharing options...
TopCat Posted March 28, 2015 Report Share Posted March 28, 2015 http://m.bbc.co.uk/sport/football/26692070 A more balanced outlook. Quote Link to comment Share on other sites More sharing options...
TopCat Posted March 28, 2015 Report Share Posted March 28, 2015 And you stated 6 or 7 players. If you don't include they two you would only have 4 or 5 players under contract for next season with the "or" being the option on Ball. You can't have it both ways. So I overestimated the amount of players we had under contract then? My bad, but even better news for our finances if we were to be relegated. Quote Link to comment Share on other sites More sharing options...
bluto Posted March 28, 2015 Author Report Share Posted March 28, 2015 (edited) . Edited March 28, 2015 by bluto Quote Link to comment Share on other sites More sharing options...
saintnextlifetime Posted March 28, 2015 Report Share Posted March 28, 2015 . Did you change yer mind there , young 'in. . Quote Link to comment Share on other sites More sharing options...
bluto Posted March 28, 2015 Author Report Share Posted March 28, 2015 Did you change yer mind there , young 'in. . Aye. I did. Either that or I was making a very simple - but good - point. Quote Link to comment Share on other sites More sharing options...
pod Posted March 28, 2015 Report Share Posted March 28, 2015 I'm sure there was a report last week which said 29 out of the top 30 clubs in Scotland were financially stable. Don't see how relegation will be a 'catastrophe' for us as he puts it. We have no debt and we own our own training facility and stadium. We have 6 or 7 players contracted for next season, all of them are under 25 and will be on relatively modest contracts. We will simply cut our cloth accordingly and reduce expenditure as income reduces. As we have done before and will do again. We don't. It's leased. Quote Link to comment Share on other sites More sharing options...
TopCat Posted March 28, 2015 Report Share Posted March 28, 2015 We don't. It's leased. On a 99 year lease from the council or something? We don't pay any rent for it, do we? Quote Link to comment Share on other sites More sharing options...
Gordon Urquhart Posted March 28, 2015 Report Share Posted March 28, 2015 I'm sure there was a report last week which said 29 out of the top 30 clubs in Scotland were financially stable. Don't see how relegation will be a 'catastrophe' for us as he puts it. We have no debt and we own our own training facility and stadium. We have 6 or 7 players contracted for next season, all of them are under 25 and will be on relatively modest contracts. We will simply cut our cloth accordingly and reduce expenditure as income reduces. As we have done before and will do again. So smug, if you were made of chocolate you would lick yourself to death. It doesn't matter if we are relegated then? So what's the bloody point of turning up? Quote Link to comment Share on other sites More sharing options...
oaksoft Posted March 28, 2015 Report Share Posted March 28, 2015 If that report is true then we're looking at a £600k loss this year. That's following £600k over the previous 2 seasons. If that is true and it is a genuine loss rather than depreciation, then maybe fans need to start understanding basic arithmetic before they accuse others of penny pinching. Either way, you could never dress up a £1.2m loss over 3 years as financial prudence. Quote Link to comment Share on other sites More sharing options...
TopCat Posted March 28, 2015 Report Share Posted March 28, 2015 So smug, if you were made of chocolate you would lick yourself to death. It doesn't matter if we are relegated then? So what's the bloody point of turning up? Eh? Where did I say it doesn't matter if we are relegated? It matters in a footballing sense. It wouldn't be a financial catastrophe though. Quote Link to comment Share on other sites More sharing options...
TopCat Posted March 28, 2015 Report Share Posted March 28, 2015 If that report is true then we're looking at a £600k loss this year. That's following £600k over the previous 2 seasons. If that is true and it is a genuine loss rather than depreciation, then maybe fans need to start understanding basic arithmetic before they accuse others of penny pinching. Either way, you could never dress up a £1.2m loss over 3 years as financial prudence. Well the vast majority is asset depreciation isn't it. We don't have that much money to lose. Quote Link to comment Share on other sites More sharing options...
mad saint 2 Posted March 28, 2015 Report Share Posted March 28, 2015 if its true we are losing so much money how can the selling board be asking for a ridiculous amount for the club i will give them a £ for it to take it off there hands thats what its worth and if they wait until we go down it will be 28p and i will put the cost off buying it against the club like the glaziers did Quote Link to comment Share on other sites More sharing options...
davidg Posted March 28, 2015 Report Share Posted March 28, 2015 We don't have any access to bank debt. We didn't have £600k in the bank at the start of the financial year. Are the directors really going to lend the club £600k to keep us afloat? These figures must be totally made up. Someone told me we did have some cash flow problems but this was a 5 figure sum, McLean was sold to ease the cash flow issue. Quote Link to comment Share on other sites More sharing options...
davidg Posted March 28, 2015 Report Share Posted March 28, 2015 Well the vast majority is asset depreciation isn't it. We don't have that much money to lose. Exactly, we need to be losing £600k of someone else's cash as we don't have £600k and Zero borrowing facilities other than the BOD's. Quote Link to comment Share on other sites More sharing options...
davidg Posted March 28, 2015 Report Share Posted March 28, 2015 The only way we could end up £600k in debt is by having outstanding bills. That and/or director smisa loans. Quote Link to comment Share on other sites More sharing options...
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