faraway saint Posted January 11, 2023 Report Share Posted January 11, 2023 5 minutes ago, bazil85 said: My reading. Covid & other one off costs have hurt the clubs finances. Steps taken to prevent reoccurrence & move us to break even from this year. Lots of positivity on & off the pitch since May 2022, especially in increasing attendance. Tough Financial time for our club (like many others) but it seems completely clear, claims of financial collapse & risk to the clubs future were completely fabricated…. who’d a guessed it 🤷♂️ No real surprises in the accounts summary. I would add that, while it's far from the drama some try to paint, if we don't take steps to reduce losses we COULD find ourselves in a very deep hole. I happen to believe this is a time for stability and no knee jerk reactions, we have people in the right positions, especially with Tony out of the picture, to do the right thing. Quote Link to comment Share on other sites More sharing options...
bazil85 Posted January 11, 2023 Report Share Posted January 11, 2023 13 minutes ago, faraway saint said: I would add that, while it's far from the drama some try to paint, if we don't take steps to reduce losses we COULD find ourselves in a very deep hole. I happen to believe this is a time for stability and no knee jerk reactions, we have people in the right positions, especially with Tony out of the picture, to do the right thing. 2023 is an awful strange year… I agree with everything FS has said here 😂 Quote Link to comment Share on other sites More sharing options...
TPAFKA Jersey 2 Posted January 11, 2023 Report Share Posted January 11, 2023 34 minutes ago, bazil85 said: My reading. Covid & other one off costs have hurt the clubs finances. Steps taken to prevent reoccurrence & move us to break even from this year. Lots of positivity on & off the pitch since May 2022, especially in increasing attendance. Tough Financial time for our club (like many others) but it seems completely clear, claims of financial collapse & risk to the clubs future were completely fabricated…. who’d a guessed it 🤷♂️ No real surprises in the accounts summary. Average home league attendance this season is 5973. That will only keep going up if we maintain or better still improve our current form. Quote Link to comment Share on other sites More sharing options...
TPAFKA Jersey 2 Posted January 11, 2023 Report Share Posted January 11, 2023 (edited) Another positive stat this season is that we’ve only been outside the top 6 after 4 match days, 3 of which were the first 3. I hadn’t realised that. Edited January 11, 2023 by TPAFKA Jersey 2 Quote Link to comment Share on other sites More sharing options...
Sue Denim Posted January 11, 2023 Report Share Posted January 11, 2023 (edited) 1 hour ago, bazil85 said: My reading. Covid & other one off costs have hurt the clubs finances. Steps taken to prevent reoccurrence & move us to break even from this year. Your reading is wrong. The report clearly states that all that has been agreed is that there will be a “strategy” to move to a break even basis….… And that strategy will begin *next* financial year. You’ll attempt to spin otherwise but I recognise that will be down to your ignorance and stupidity. Edited January 11, 2023 by Sue Denim Quote Link to comment Share on other sites More sharing options...
Sue Denim Posted January 11, 2023 Report Share Posted January 11, 2023 (edited) Just had a quick read of the actual accounts (unlike Baz who just read a screenshot of a summary on this forum) We’ve got net current assets of £929,510 and liabilities after more than 1 year of £1,083,494 (mainly the government loans) Edited January 11, 2023 by Sue Denim Quote Link to comment Share on other sites More sharing options...
Sue Denim Posted January 11, 2023 Report Share Posted January 11, 2023 (edited) Wage bill has increased from £3,165,331 to £3,899,396 That’s an increase of £734,065 That’s got nothing to do with Covid or one off refurbishments of the training ground. The accounts state the break even strategy doesn’t start until next financial year so that 900k in the bank will be greatly reduced by next year Edited January 11, 2023 by Sue Denim Quote Link to comment Share on other sites More sharing options...
buddiecat Posted January 11, 2023 Report Share Posted January 11, 2023 Suppliers contracts will be reviewed it states in the report. That to me means we had not been very prudent in choosing suppliers and there are probably other suppliers who can give us a fairer price for their services. Doesn’t read well for those responsible for the awarding of contracts at the time. Quote Link to comment Share on other sites More sharing options...
Slarti Posted January 11, 2023 Report Share Posted January 11, 2023 Suppliers contracts will be reviewed it states in the report. That to me means we had not been very prudent in choosing suppliers and there are probably other suppliers who can give us a fairer price for their services. Doesn’t read well for those responsible for the awarding of contracts at the time.Most businesses review their suppliers contracts on a regular basis so it means nothing of the sort. I would worry if they didn't do it. Don't you shop around for the best priced gas/electric/broadband/etc suppliers? And just because another supplier offers a better deal now, it doesn't mean that they did when the last contract was taken out. Methinks you have your big spoon out. Quote Link to comment Share on other sites More sharing options...
Slarti Posted January 11, 2023 Report Share Posted January 11, 2023 Wage bill has increased from £3,165,331 to £3,899,396 That’s an increase of £734,065 That’s got nothing to do with Covid or one off refurbishments of the training ground. The accounts state the break even strategy doesn’t start until next financial year so that 900k in the bank will be greatly reduced by next yearHow do you know that? Quote Link to comment Share on other sites More sharing options...
Slarti Posted January 11, 2023 Report Share Posted January 11, 2023 Your reading is wrong. The report clearly states that all that has been agreed is that there will be a “strategy” to move to a break even basis….… And that strategy will begin *next* financial year. You’ll attempt to spin otherwise but I recognise that will be down to your ignorance and stupidity.Would that be next financial year from now or next financial year from the year the report is reporting on? Quote Link to comment Share on other sites More sharing options...
Slarti Posted January 11, 2023 Report Share Posted January 11, 2023 Another positive stat this season is that we’ve only been outside the top 6 after 4 match days, 3 of which were the first 3. I hadn’t realised that. The only week that matters for that is week 33. Quote Link to comment Share on other sites More sharing options...
Slarti Posted January 11, 2023 Report Share Posted January 11, 2023 Just had a quick read of the actual accounts (unlike Baz who just read a screenshot of a summary on this forum) We’ve got net current assets of £929,510 and liabilities after more than 1 year of £1,083,494 (mainly the government loans)The government loans are nothing to worry about given the 0% interest and length of repayment. Quote Link to comment Share on other sites More sharing options...
bazil85 Posted January 11, 2023 Report Share Posted January 11, 2023 1 hour ago, Sue Denim said: Your reading is wrong. The report clearly states that all that has been agreed is that there will be a “strategy” to move to a break even basis….… And that strategy will begin *next* financial year. You’ll attempt to spin otherwise but I recognise that will be down to your ignorance and stupidity. ‘Steps taken to prevent reoccurrence & move us to break even’ You mean like I said? Good effort but you’ve again made an utter fool of yourself. Steps taken - Like putting a strategy in place for example 🤷♂️ Quote Link to comment Share on other sites More sharing options...
Slarti Posted January 11, 2023 Report Share Posted January 11, 2023 Just had a quick read of the actual accounts (unlike Baz who just read a screenshot of a summary on this forum) We’ve got net current assets of £929,510 and liabilities after more than 1 year of £1,083,494 (mainly the government loans) Wage bill has increased from £3,165,331 to £3,899,396 That’s an increase of £734,065 That’s got nothing to do with Covid or one off refurbishments of the training ground. The accounts state the break even strategy doesn’t start until next financial year so that 900k in the bank will be greatly reduced by next yearI haven't read it yet, I'll get round to it later, but is it about £900k in net assets or £900k in the bank? They're different things. Quote Link to comment Share on other sites More sharing options...
TPAFKA Jersey 2 Posted January 11, 2023 Report Share Posted January 11, 2023 17 minutes ago, Slarti said: 2 hours ago, TPAFKA Jersey 2 said: Another positive stat this season is that we’ve only been outside the top 6 after 4 match days, 3 of which were the first 3. I hadn’t realised that. The only week that matters for that is week 33. Aye awrite cheery chops. Quote Link to comment Share on other sites More sharing options...
djchapsticks Posted January 11, 2023 Report Share Posted January 11, 2023 (edited) 1 hour ago, Sue Denim said: Your reading is wrong. The report clearly states that all that has been agreed is that there will be a “strategy” to move to a break even basis….… And that strategy will begin *next* financial year. You’ll attempt to spin otherwise but I recognise that will be down to your ignorance and stupidity. Next financial year meaning the financial year following the report. 2022/23. The financial year we are currently in. The aim is to be break even again by the end of financial year 2023/24 so I expect another modest loss next year unless we sell players this month which is pretty realistic at this point. Edited January 11, 2023 by djchapsticks Quote Link to comment Share on other sites More sharing options...
Maboza Posted January 11, 2023 Report Share Posted January 11, 2023 1 hour ago, buddiecat said: Suppliers contracts will be reviewed it states in the report. That to me means we had not been very prudent in choosing suppliers and there are probably other suppliers who can give us a fairer price for their services. Doesn’t read well for those responsible for the awarding of contracts at the time. Would love to know the cost comparison of SGL stewarding after it was hurriedly put in place after the previous contract was discontinued. Quote Link to comment Share on other sites More sharing options...
Albanian Buddy Posted January 12, 2023 Report Share Posted January 12, 2023 3 hours ago, TPAFKA Jersey 2 said: Average home league attendance this season is 5973. That’s superb! Considering we are in a cost of living crisis. Excel or (10) sheets? Or did you do the calculation in your head as you’re a clever banker? 😂 Quote Link to comment Share on other sites More sharing options...
garzo Posted January 12, 2023 Report Share Posted January 12, 2023 Controlling party: The company is under the joint control of The 1877 Society Limited and Kibble Education and Care Centre. Is this fan control and ownership? Not sure this is what @smisa deal was or even my understanding after the kibble deal. Does 51% not mean The 1877 Society Limited are controlling party? What am I missing? Quote Link to comment Share on other sites More sharing options...
TPAFKA Jersey 2 Posted January 12, 2023 Report Share Posted January 12, 2023 9 hours ago, Albanian Buddy said: That’s superb! Considering we are in a cost of living crisis. Excel or (10) sheets? Or did you do the calculation in your head as you’re a clever banker? 😂 Ha ha. I used this website…. https://www.footballwebpages.co.uk/st-mirren/attendances …..and a good old fashioned calculator. 😀 Quote Link to comment Share on other sites More sharing options...
Cookie Monster Posted January 12, 2023 Report Share Posted January 12, 2023 Controlling party: The company is under the joint control of The 1877 Society Limited and Kibble Education and Care Centre. Is this fan control and ownership? Not sure this is what[mention=15962]smisa[/mention] deal was or even my understanding after the kibble deal. Does 51% not mean The 1877 Society Limited are controlling party? What am I missing?Because we are working with and not against. Quote Link to comment Share on other sites More sharing options...
TPAFKA Jersey 2 Posted January 12, 2023 Report Share Posted January 12, 2023 22 minutes ago, TPAFKA Jersey 2 said: Ha ha. I used this website…. https://www.footballwebpages.co.uk/st-mirren/attendances …..and a good old fashioned calculator. 😀 Interesting as well that our top 3 attendances this season haven’t involved Celtic or Rangers. In fact if you looked at the average attendances of the other clubs, I bet they’d be skewed by them having bigger grounds and therefore bigger crowds against the OF. Would be interesting to see the average crowds of each team stripping out matches against them. For the avoidance of doubt, I was sad enough to take 5 minutes to do ours, I’m no sad enough to do that. 🤣 Quote Link to comment Share on other sites More sharing options...
WeeBud Posted January 12, 2023 Report Share Posted January 12, 2023 1 minute ago, TPAFKA Jersey 2 said: Interesting as well that our top 3 attendances this season haven’t involved Celtic or Rangers. In fact if you looked at the average attendances of the other clubs, I bet they’d be skewed by them having bigger grounds and therefore bigger crowds against the OF. Would be interesting to see the average crowds of each team stripping out matches against them. For the avoidance of doubt, I was sad enough to take 5 minutes to do ours, I’m no sad enough to do that. 🤣 Where's that guy that counts the dots.......he must have plenty time on his hands. Quote Link to comment Share on other sites More sharing options...
Albanian Buddy Posted January 12, 2023 Report Share Posted January 12, 2023 24 minutes ago, WeeBud said: Where's that guy that counts the dots.......he must have plenty time on his hands. Over to you @W6er Quote Link to comment Share on other sites More sharing options...
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