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Accounts to the Year Ended May 2018

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1 hour ago, Lord Pityme said:

Why do you insist on praising the club for not getting something (a bank loan) that no bank would even consider a request for from a scottish football club? Can you name one scottish football club with a current bank loan? Or even an overdraft facility?

and if you think blowing all the transfer money to overpower the likes of Brechin and Falkirk (sometimes) is "as you were", then pray tell where the club are going to get the funds to be "as you were" next season, or the season after that?

this board are ransacking any additional funds and smisa members ringfenced funds at an eye watering rate, whilst helping themselves to an extra 20% increase in "Expense Claims" of £35k... ffs what expenses are individual board members racking up to justify that?

it will all end in tears, in football it always does. You have to get more, the more you spend, and if the team aren't delivering then the downward cycle accelerates.

Praising them ??? where exactly ?

I am merely stating they are achieving what they set out to do and I also added the caveat that the policy was open to question but as I also said that is a different thing from questioning the accounts. You don't half hear voices in that head of yours ! 

Also it's a chicken and egg selling players. You can sell players and spend the money you can't spend the money then hope to recoup that from selling players. We are and always will be a selling club we just need to be better at it imo.

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1 hour ago, Ayrshire Saints said:

Praising them ??? where exactly ?

I am merely stating they are achieving what they set out to do and I also added the caveat that the policy was open to question but as I also said that is a different thing from questioning the accounts. You don't half hear voices in that head of yours ! 

Also it's a chicken and egg selling players. You can sell players and spend the money you can't spend the money then hope to recoup that from selling players. We are and always will be a selling club we just need to be better at it imo.

Amen to the last bit. The rest we have probably gone around in circles with enough.

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3 hours ago, Lord Pityme said:

You mean you dont know? We're not in the same library then, never mind the same page.

there can’t be many on your page, even if you like to pretend there are with your turning tides... 

Edited by bazil85

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4 minutes ago, bazil85 said:

TF & secretary I believe he’s referring to 

"Chris(Stewart) is a leading litigation partner and solicitor advocate with a major Scottish law practice, holding extended rights of audience in the country’s highest courts; Court of Session, Supreme Court and Privy Council.  "  I don't think he is a full time employee.

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7 hours ago, Soctty said:

The season we don't sell someone, we have less to spend. Result - we spend less money. Simple. 

I'd understand your panic if we were in huge debt, or had players on 5 year contracts without any get out clauses, but since that's not the case I'm not concerned. 

Simple indeed.

We just had to get rid of a manager and assistant on 3 year contracts, and we have quite a few shit players on 2 or 3 year contracts. These problems don't just go away with some happy clapping. I am assuming you are way too young to remember how we got in to your last financial mess, but the current approach to spending money and gambling on staying in the Premier League is exactly how it started.

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6 hours ago, oaksoft said:

You are attempting to use a relative measure to prove that an absolute measure is too high. :lol:

There is an easier way to win this argument Josh.

Go and find another competent board of directors who would do that job for less money or for free and report back to us and we'll take it from there.

We have only made £77k of profit because we have substantial outgoings which we would not have been able to support without having sold a couple of players.

£35k is nothing in comparison.

Ccomplaining about a £35k expense when we would have lost £600k without selling two players is not the action of someone who understands finance.

Of course we both know why you are attempting to attack the board over this.

Behave yourself.

I’m pretty sure we wouldn’t of had such outgoings if we didn’t already have the income from other places. 

should be £0 taken out from the directors just the same as what the previous board did. 

But no I’m stupid for having that opinion.

Nice cars and meals to pay for though needs to come from somewhere (most likely already an expense hidden away from the £35k taken out by the directors) 

Oh shit we don’t have any footballs... better ask SMISA

LOL 

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2 hours ago, Suggestion said:

should be £0 taken out from the directors just the same as what the previous board did. 

But no I’m stupid for having that opinion.

 

OK then let's ask the obvious question.

Would you work for free?

I don't mean running Saints. Just a general question. Would you work for free?

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As this is the internet it seems every point of debate needs to become very tribal! Immediately we have a "pro board" and "anti board" faction.

I am not saying the board are doing a bad job at all. I'm just saying those numbers are concerning, and I believe it is time for a better explanation of how we will be managing our finances in the future. I'd have hoped the McGinn money could have been used to allow us to diversify revenue streams, but it looks like it will just be used to allow us to break even. That's not good enough in my opinion and requires an explanation - I'm still very happy with the overall job Gordon Scott has done thus far though.

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1 minute ago, Kemp said:

As this is the internet it seems every point of debate needs to become very tribal! Immediately we have a "pro board" and "anti board" faction.

I am not saying the board are doing a bad job at all. I'm just saying those numbers are concerning, and I believe it is time for a better explanation of how we will be managing our finances in the future. I'd have hoped the McGinn money could have been used to allow us to diversify revenue streams, but it looks like it will just be used to allow us to break even. That's not good enough in my opinion and requires an explanation - I'm still very happy with the overall job Gordon Scott has done thus far though.

How can you say the McGinn money will only allow us to break even, without knowing the increases of revenue that will come with being in the top league?

It’s a fairly wild assumption to make, no? As I said earlier, without being able to interrogate the numbers it’s hard to make a call on it.

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1 minute ago, aldo_j said:

How can you say the McGinn money will only allow us to break even, without knowing the increases of revenue that will come with being in the top league?

It’s a fairly wild assumption to make, no? As I said earlier, without being able to interrogate the numbers it’s hard to make a call on it.

I could be wrong, but looking at the running costs and estimating how much the Stubbs debacle will cost I'd imagine a fair chunk of it has gone on the day to day.

Similarly, the McAllister, Mallan, Morgan money went on day to day running and Josh Heaton!

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12 hours ago, smcc said:

"Chris(Stewart) is a leading litigation partner and solicitor advocate with a major Scottish law practice, holding extended rights of audience in the country’s highest courts; Court of Session, Supreme Court and Privy Council.  "  I don't think he is a full time employee.

Fair enough, was just a stab in the dark. I didn’t know there were two that had it as FT jobs. Can’t think who else he’s referring to. 

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10 hours ago, Suggestion said:

I’m pretty sure we wouldn’t of had such outgoings if we didn’t already have the income from other places. 

should be £0 taken out from the directors just the same as what the previous board did. 

But no I’m stupid for having that opinion.

Nice cars and meals to pay for though needs to come from somewhere (most likely already an expense hidden away from the £35k taken out by the directors) 

Oh shit we don’t have any footballs... better ask SMISA

LOL 

The old directors came in as a labour of love and saved our club. Was the £1 million selling fee just to recoup what they put in, or did that represent a profit? Did they not claim a single business expense? 

Regardless, to expect the same from everyone after is not appropriate. 

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1 hour ago, Kemp said:

I could be wrong, but looking at the running costs and estimating how much the Stubbs debacle will cost I'd imagine a fair chunk of it has gone on the day to day.

Similarly, the McAllister, Mallan, Morgan money went on day to day running and Josh Heaton!

But then you need to factor in increased crowds, ticket prices, sponsorship, etc, etc.

Maybe it’s a question for SMISA...how much detail will members get on the running of the club when the takeover is complete?

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14 hours ago, Kemp said:

Simple indeed.

We just had to get rid of a manager and assistant on 3 year contracts, and we have quite a few shit players on 2 or 3 year contracts. These problems don't just go away with some happy clapping. I am assuming you are way too young to remember how we got in to your last financial mess, but the current approach to spending money and gambling on staying in the Premier League is exactly how it started.

Lovely assumptions. Wrong, of course.

We got into our last financial mess for a variety of reasons. Overspending in transfer fees for players who weren't very good, in an attempt to reach the next level. Added to that were stupid wages to guys like Archibald and Victor, which were among the highest wages paid in the league. In addition, we were forced to convert our stadium into an all seater stadium due to ridiculous regulations set out by those in charge of our game.

If you can show us spending 3 or 4 hundred grand on a number of players, paying 3 or 4 grand a week in wages to players, or spending hundreds of thousands on the stadium when it really shouldn't have been needed, I'll see the reason for the panic in all your posts.

As it is we spent £75k on one player, and I'd be very surprised if any of our players - 30 years later - are on  3 or 4 grand a week.

In short, I believe you're wetting your pants and jerking your knees simultaneously with little reason, over a set of accounts which show our turnover having risen markedly, and leaving us still with a small profit, which is surely the aim for any football club?

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16 hours ago, oaksoft said:

OK then let's ask the obvious question.

Would you work for free?

I don't mean running Saints. Just a general question. Would you work for free?

Obvcourse I would work for free like I have in the past? 

 

Work for saints for free? 100%

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The players should play for free and have full time jobs outwith the beautiful game. 

In fact, maybe the players should pay to play just to cover minor expenses. 

Farcical that lots of Scottish players make lots of money when they are shite at their chosen trade. 

Part time for all. 

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31 minutes ago, shull said:

The players should play for free and have full time jobs outwith the beautiful game. 

In fact, maybe the players should pay to play just to cover minor expenses. 

Farcical that lots of Scottish players make lots of money when they are shite at their chosen trade. 

Part time for all. 

FFS gie it a rest. :byebye

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So, this is exactly what we need to give the Forum a major boost.

Pissed up Buddies rampaging through the Forum over the weekend and taking no prisoners.

Thrown in a 5-0 defeat from Hearts and it will be fecking carnage.

I think I'll refrain from being teetotal for a couple of days.

Anyway,  where's Kendo ?

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11 hours ago, Eric Arthur Blair said:

So (and f**k all you cunts who hate that, and yes, i am just in from the pub)...

The club made a profit during the last trading year.

Where's the beef?

I'm kinda in that camp too, what's more important for a football club, money in the bank or success on the park (promotion) - easy answer.

What's worrying is the Stubbsy fiasco and that we seem to be top heavy in staff plus looking like relegation prospects - we should be asking questions at the AGM or we could end up frittering the McGinn windfall away.

PS - Keep drinking the proper booze - not the girly stuff I do! :guinness

PPS - Where's the beef? Finally accepting its a Murrikan century?

Edited by Bud the Baker

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3 hours ago, shull said:

So, this is exactly what we need to give the Forum a major boost.

Pissed up Buddies rampaging through the Forum over the weekend and taking no prisoners.

Thrown in a 5-0 defeat from Hearts and it will be fecking carnage.

I think I'll refrain from being teetotal for a couple of days.

Anyway,  where's Kendo ? 

Morning Sir. 

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3 hours ago, Bud the Baker said:

I'm kinda in that camp too, what's more important for a football club, money in the bank or success on the park (promotion) - easy answer.

What's worrying is the Stubbsy fiasco and that we seem to be top heavy in staff plus looking like relegation prospects - we should be asking questions at the AGM or we could end up frittering the McGinn windfall away.

PS - Keep drinking the proper booze - not the girly stuff I do! :guinness

PPS - Where's the beef? Finally accepting its a Murrikan century?

We only really have one extra background staff member from when Stubbs was here and it’s someone who’s main task is to sort out what was potentially the worst transfer window in our clubs history. 

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