div Posted November 23, 2017 Report Share Posted November 23, 2017 Here if anyone wants to have a read. Shareholders Final Accounts may 2017.pdf Quote Link to comment Share on other sites More sharing options...
Geordie Saint Posted November 23, 2017 Report Share Posted November 23, 2017 As a Newcastle fan who's club owner has no desire to do well in the cups, i love the difference in attitude from St Mirren. It says their aim is to get promoted and progress to the latter rounds of domestic cup competitions, and they actually mean it. So wish NUFC had that way of thinking and some ambition. It's the way a club SHOULD be run. Quote Link to comment Share on other sites More sharing options...
slapsalmon Posted November 23, 2017 Report Share Posted November 23, 2017 Bit of a red herring at the start about the extensive repairs at Ralston when further down the accounts shows less was spent on repairs and renewals than last year. Quote Link to comment Share on other sites More sharing options...
kevo_smfc Posted November 23, 2017 Report Share Posted November 23, 2017 5 minutes ago, slapsalmon said: Bit of a red herring at the start about the extensive repairs at Ralston when further down the accounts shows less was spent on repairs and renewals than last year. Unless GS personally funded it himself? Quote Link to comment Share on other sites More sharing options...
slapsalmon Posted November 23, 2017 Report Share Posted November 23, 2017 35 minutes ago, kevo_smfc said: Unless GS personally funded it himself? Doesn' say that. Just says they turned a 15k profit despite substantial repairs at Ralston. Quote Link to comment Share on other sites More sharing options...
Kemp Posted November 23, 2017 Report Share Posted November 23, 2017 Good reading compared to the old days when it looked like we would need miracle each year to continue with full-time football. However, we are still reliant on selling on one of our academy graduates each season. Fingers crossed Hibs are able to cash in on John McGinn for the rumoured 5m quid in January! Quote Link to comment Share on other sites More sharing options...
DougJamie Posted November 23, 2017 Report Share Posted November 23, 2017 1 hour ago, div said: Here if anyone wants to have a read. Shareholders Final Accounts may 2017.pdf Thanks Div, interesting read . Love the info following from us now Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted November 23, 2017 Report Share Posted November 23, 2017 Even though the parachute payments have stopped, salaries have gone up, on top of that there is a £30k directors salary line that was nil previously, and profits have halved. the peach though is in the Chairman's statement on how Smisa funding helped them afford things they otherwise would have to have gone without, like the sports scientist and presumably match balls... Quote Link to comment Share on other sites More sharing options...
slapsalmon Posted November 23, 2017 Report Share Posted November 23, 2017 (edited) 29 minutes ago, Lord Pityme said: Even though the parachute payments have stopped, salaries have gone up, on top of that there is a £30k directors salary line that was nil previously, and profits have halved. the peach though is in the Chairman's statement on how Smisa funding helped them afford things they otherwise would have to have gone without, like the sports scientist and presumably match balls... Player expenses are up 40k or so as well Edited November 23, 2017 by slapsalmon Quote Link to comment Share on other sites More sharing options...
FTOF Posted November 23, 2017 Report Share Posted November 23, 2017 Happy days. Quote Link to comment Share on other sites More sharing options...
Bud the Baker Posted November 23, 2017 Report Share Posted November 23, 2017 37 minutes ago, Lord Pityme said: Even though the parachute payments have stopped, salaries have gone up, on top of that there is a £30k directors salary line that was nil previously, and profits have halved. the peach though is in the Chairman's statement on how Smisa funding helped them afford things they otherwise would have to have gone without, like the sports scientist and presumably match balls... I had assumed that would be Tony-F's wage, which would not have been listed as a Directors salary in the last set of figures. Quote Link to comment Share on other sites More sharing options...
div Posted November 23, 2017 Author Report Share Posted November 23, 2017 1 hour ago, Bud the Baker said: I had assumed that would be Tony-F's wage, which would not have been listed as a Directors salary in the last set of figures. That was my take on that too. Quote Link to comment Share on other sites More sharing options...
smcc Posted November 23, 2017 Report Share Posted November 23, 2017 3 hours ago, slapsalmon said: Bit of a red herring at the start about the extensive repairs at Ralston when further down the accounts shows less was spent on repairs and renewals than last year. And the significance of this is? Quote Link to comment Share on other sites More sharing options...
slapsalmon Posted November 23, 2017 Report Share Posted November 23, 2017 The spiel when the takeover happened was that the place was in ruins and needed extensive work. The opening part of the accounts say they made a substantial(I'm sure t said substantial but I could be wrong) profit despite having made extensive repairs. Later in the accounts it shows the profit is less than last year and the spend on repairs is less than last year. So imho that's a bit of a red herring. Quote Link to comment Share on other sites More sharing options...
mad saint 2 Posted November 23, 2017 Report Share Posted November 23, 2017 thats some telephone bill cut that back cheaper tariffs shop around and then we can get a new player Quote Quote Quote Link to comment Share on other sites More sharing options...
pod Posted November 23, 2017 Report Share Posted November 23, 2017 1 hour ago, slapsalmon said: So imho that's a bit of a red herring. Said slapsalmon. Something fishy going on. Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted November 23, 2017 Report Share Posted November 23, 2017 3 hours ago, Bud the Baker said: I had assumed that would be Tony-F's wage, which would not have been listed as a Directors salary in the last set of figures. Shouldn't be as he is employed as the CEO, and that wage has akways been included in the general wage bill on the accounts. If it is the case it makes it look worse as that would be a further rise in wage costs. Quote Link to comment Share on other sites More sharing options...
David Mc Posted November 23, 2017 Report Share Posted November 23, 2017 I’m wondering what anyone would have to gain by putting a patent lie in the annual accounts document? Think some people need to go back to the JFK conspiracy thread really. Quote Link to comment Share on other sites More sharing options...
TPAFKA Jersey 2 Posted November 23, 2017 Report Share Posted November 23, 2017 48 minutes ago, David Mc said: I’m wondering what anyone would have to gain by putting a patent lie in the annual accounts document? Think some people need to go back to the JFK conspiracy thread really. Hmmmm. I’m not suggesting it has happened but just in response to your statement above, there are any number of reasons why someone might want to tell a blatant lie in their accounts and how they might gain from it. Quote Link to comment Share on other sites More sharing options...
David Mc Posted November 23, 2017 Report Share Posted November 23, 2017 Good but Third Lanark and Reg Brearley not spotted at St Mirren Park for a while. Quote Link to comment Share on other sites More sharing options...
slapsalmon Posted November 24, 2017 Report Share Posted November 24, 2017 4 hours ago, cockles1987 said: Wasn't the work carried out during the close season? If so the figures will be in next year's accounts. Surely that makes the comment even more of a red herring with regards to these accounts? They also mention how the directors havnt been in place for a full accunting year but feel these are their own. Quote Link to comment Share on other sites More sharing options...
Isle Of Bute Saint Posted November 24, 2017 Report Share Posted November 24, 2017 Club is being run very well add a sprinkle of ambition I for one am happy. Quote Link to comment Share on other sites More sharing options...
oaksoft Posted November 24, 2017 Report Share Posted November 24, 2017 Whilst it is great that the accounts show a small profit, make no mistake about it things are as tight as a gnats chuff. The directors notes have already detailed that to get this tiny profit we needed to sell players and get a Cup tie at Parkhead. We cannot rely on that this season. Also, 15k profit doesnt leave much of a rainy day fund. It is pretty clear that significant financial challenges remain unless we can get out of this division. Quote Link to comment Share on other sites More sharing options...
Bud the Baker Posted November 24, 2017 Report Share Posted November 24, 2017 12 hours ago, Lord Pityme said: Shouldn't be as he is employed as the CEO, and that wage has akways been included in the general wage bill on the accounts. If it is the case it makes it look worse as that would be a further rise in wage costs. Yeah but circumstances have changed and neither of us are experts on accounting conventions - as usual you've gone for the contentious explanation. I presume someone will enquire about this at the AGM. Quote Link to comment Share on other sites More sharing options...
Lord Pityme Posted November 24, 2017 Report Share Posted November 24, 2017 (edited) 1 hour ago, Bud the Baker said: Yeah but circumstances have changed and neither of us are experts on accounting conventions - as usual you've gone for the contentious explanation. I presume someone will enquire about this at the AGM. Tony F was there under the last board, and last season as a director, under this one. There wasnt as i recall a Directors wages line on the accounts then. Would be nice if a question is asked at the AGM about 'is the club now paying director/s a wage solely for being a director..? Perhaps it is a specfic line accounting for all/part of Tony's salary, but again doesnt make sense unless the club are paying one or more just fir being directors. Maybe it will come up as a request for Smisa funding? Edited November 24, 2017 by Lord Pityme Quote Link to comment Share on other sites More sharing options...
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