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Redundancies at the Academy


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1 hour ago, mattman said:

I don’t see it an issue at all, you wouldn’t take a loan unless you could pay it back.

Really? Tell that to the odd bankrupted individual or liquidated company chasing just a bit more cash to make things right. 

 

Strangely flawed logic. 

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@HSS has already posted it, but here's the text:

 

Quote

There was then a lengthy discussion about the club’s finances and cashflow position. JN revealed the board get management accounts every month from the club accountant and examine them at board meetings and take action where needed. JG explained that there is an audit committee and a finance committee and the club now has the necessary financial and fiscal policies in place. He added that the club is in a better position today than this time last year but that, along with cutting their cloth, the club also has to scale the business to try to generate income. So alongside looking at what happened last year in terms of finances, the club is also continually looking at different ways to also grow the business. AQ added that a lot of recommendations have been made from the finance committee to the board on how to tighten up and improve procedures and that matters are being addressed.

There was a suggestion of providing quarterly or interim financial updates and the board members agreed this was something they may be able to do but would have to look into the best way to do that.

Source: https://www.smisa.net/news-archive/5-general-smisa-news/332-smisa-members-quarterly-meeting

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It seems what was said last week at the meeting was a bit muddled. All will come out in due course as the accounts to the year ended May 31st 2022 will be issued in a few months, usually December I think, so we will find out then!

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What was our cash position at the latest management accounts? 
If statements were made saying “it would be daft not to take the loan even if we don’t need it” that only holds water if we didn’t spend it all. If we spent it all then that statement is bollocks.

Either way, if we can’t find £50k per annum to repay it, then we probably are f**ked.

My guess is that the whole thing is a load of shite and we’re probably fine.

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4 hours ago, TPAFKA Jersey 2 said:

What was our cash position at the latest management accounts? 
If statements were made saying “it would be daft not to take the loan even if we don’t need it” that only holds water if we didn’t spend it all. If we spent it all then that statement is bollocks.

Either way, if we can’t find £50k per annum to repay it, then we probably are f**ked.

My guess is that the whole thing is a load of shite and we’re probably fine.

With inflation at 9%, it might be worth considerably less in...is it twenty years' time? Remember it's interest free, too. :) 

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On 7/26/2022 at 8:28 PM, beyond our ken said:

I doubt it, unless any of these supposed letters have been issued to all club employees.

If it’s just the youth academy that’s being restructured then letters don’t need to go to all club employees. Just needs to be that department/people impacted.

That’s certainly been the case in any business I’ve worked in.

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12 hours ago, div said:

It seems what was said last week at the meeting was a bit muddled. All will come out in due course as the accounts to the year ended May 31st 2022 will be issued in a few months, usually December I think, so we will find out then!

Yeah, we’re getting third/fourth hand feedback from a small group of people who attended. Plus, a group that are still pushing the f**king car boot sale agenda.

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The Club's welfare officer, well known to many of us, left today ☹️ - more to follow. 

Question for SMISA members and directors – why are we making people redundant if the Club is in such a sound financial state ? Asking for a friend.

 

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2 minutes ago, animal said:

The Club's welfare officer, well known to many of us, left today ☹️ - more to follow. 

Question for SMISA members and directors – why are we making people redundant if the Club is in such a sound financial state ? Asking for a friend.

 

You don't have any real friends, only made up ones. :lol:

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9 hours ago, animal said:

The Club's welfare officer, well known to many of us, left today ☹️ - more to follow. 

Question for SMISA members and directors – why are we making people redundant if the Club is in such a sound financial state ? Asking for a friend.

 

I am not a SMISA or a director, but maybe the reason people are being made redundant is that we have more staff than what we need. 

If there not enough work for people to do, then getting paid off is what normally happen. 

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11 hours ago, SuperSaints1877 said:

Have you evidence of that claim?

Yes but I have no doubt you would still not believe me so why not simply contact the club director in charge of the academy and ask him to confirm or deny the existance of the redundancy letters and the departure of the welfare officer. He does not seem to have a St. Mirren e-mail address so maybe try -

Jim Gillespie

Kibble
Goudie Street
Paisley
PA3 2LG
[email protected]


Telephone 0141 889 0044

https://www.kibble.org/contact/

I'm sure he will be delighted to hear from you.

 

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11 hours ago, animal said:

The Club's welfare officer, well known to many of us, left today ☹️ - more to follow. 

Question for SMISA members and directors – why are we making people redundant if the Club is in such a sound financial state ? Asking for a friend.

 

Have to be honest, I didn’t even know we had a welfare officer, never mind who he or she was 🤷‍♂️

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38 minutes ago, animal said:

Yes but I have no doubt you would still not believe me so why not simply contact the club director in charge of the academy and ask him to confirm or deny the existance of the redundancy letters and the departure of the welfare officer. He does not seem to have a St. Mirren e-mail address so maybe try -

 

 

Why don't you contact them as your prepared to post unfounded stories? :wacko:

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Is the academy all it's cracked up to be? A few years ago at a shareholders AGM I asked how the value of the academy was measured. I couldn't get a straight answer. I would suggest that one measurement would be cost of running it against what we get in for transfers. I don't know what those figures are but suspect  they won't be encouraging. The only other measure could be feeding players into the first team on a long term basis. Again I'm not sure that looks particularly good either. People seem to be obsessed by giving youngsters their chance and that all will be well if we do that but in reality very few make the first team grade. In short it's nice that we have an academy but does it produce the goods? I have an open mind but I suspect it doesn't produce what is required. Hope I'm wrong.

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7 minutes ago, Oldfellow said:

Is the academy all it's cracked up to be? A few years ago at a shareholders AGM I asked how the value of the academy was measured. I couldn't get a straight answer. I would suggest that one measurement would be cost of running it against what we get in for transfers. I don't know what those figures are but suspect  they won't be encouraging. The only other measure could be feeding players into the first team on a long term basis. Again I'm not sure that looks particularly good either. People seem to be obsessed by giving youngsters their chance and that all will be well if we do that but in reality very few make the first team grade. In short it's nice that we have an academy but does it produce the goods? I have an open mind but I suspect it doesn't produce what is required. Hope I'm wrong.

They must be able to have some idea of the ROI. Certain players have been sold on for decent money, but the Academy must cost the club a fair whack. 

John McGinn has been the best return ever. The club are still hoping for a further big transfer from Villa.

We received fees for Stephen McGinn, Kyle McAllister, Lewis Morgan and Kenny McLean. I can’t remember too many others. Morgan and McLean were rejected by Rangers as youths so we can’t really claim to have reared them in our Academy structure. I don’t think Stephen McGinn was part of our youth academy as we know it now.

So would it be fair to say that the only real assets that the Academy has produced are John McGinn and Kyle McAllister. Did we not pay a fee to get Kyle back?

The last striker that we sold on for a decent fee was Barry Lavety. And we never had an Academy back then he was an S form. He made his debut in 1991. 

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Result from Friday

Club Academy Scotland U18 League
Cormack Park
Aberdeen 9 St Mirren 0

 

Yes there are problems at the academy and I have also heard that coaches are leaving. 

 

Worrying when you add that we are not entering the reserve league

 

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