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Post by mjhgas on Feb 12, 2015 17:51:34 GMT
Have we ever cut our cloth accordingly?
Football has an amazing ability to turn successful businessmen into the complete opposite when they become chairmen of the club they support!
I've always been keen on the approach that a chairman should state that this is all we can afford, so this is all we are going to do! A bit of transparency and perhaps we would all understand! May be this season is the start of that process?
For too long now, Rovers appears to be have been a closed shop run by arrogant businessmen and as such they are less likely to get any help from others! Perception maybe, but damage had already been done!
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Post by Deleted on Feb 12, 2015 18:38:26 GMT
There are two issues to consider
1. why didn't they learn when we kept posting losses but were still performing badly when clubs on half our gates were stuffing us.
2. Geoffs luck and chemistry used to work when we bothered to have a scouting system. Why remove the one thing bar the odd cup run that made the club any money ?
I know this is board bashing and some fans see that as being anti Rovers or disloyal but these are the reasons we are where we are and until we change we wont get anywhere UWE or no UWE. This £2m wonga loan at 14.4% APR would be a scandal at any other club then ours.
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Post by Strange Gas on Feb 12, 2015 19:00:46 GMT
It's the sh** or bust season in my view, but that's hardly a new point. No Sainsburys money is a big problem, no promotion is also a big problem. Didn't want to say it on the DC thread but I fear if we don't go up, cuts will be very deep at end of season (possibly inc DC) making chance of a strong push again next year pretty much impossible. We would be well and truly in the mire. Just Sainsburys or just promotion buys us a bit more time.
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Post by Deleted on Feb 12, 2015 19:51:55 GMT
On average gates of 6000+ there should be no issue with breaking even and getting promotion. We may have to lose the likes of Mildenhall, Parkes and Brown however.
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Post by Deleted on Feb 12, 2015 19:54:52 GMT
Ps if we lose in court we have to pay £2.3m at the end of the season to wonga loans. There is only one way we can do that and its selling the stadium.
That puts Sainsburys in a strong position to do a deal
Twerton Park 2015/16 season??
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Post by Mark Ash on Feb 12, 2015 20:20:08 GMT
The main reason i have been so disillusioned with those who run this club (other then the innability to develop the club structures, commercial arm or achieve footballing success) has been that for as long as they have been in charge they have been completely incapable of counting. How hard is it to set a budget that realistically matches the anticipated income???. There has long been a culture at this club of overbudgeting on the off chance of a player sale or cup run (luck and chemistry) rather then sensible budgetting that would have put an end to crazy wages and contracts a club like ours cant maintain a generation ago. Whilst we were blowing £2.5m a year on wages when we could only afford £2m clubs paying half that have achieved more becase they pay sensible wages and invest in recruitment. This £500000-£1m a year loss year on year has led to us being £8m in debt with poo favcillities, no scouting set up and very unattractive to buyers. Its pure incompetance and it astounds me more fans don't agree with me on this issue. You make a persuasive case. Too depressing to agree with. |
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Post by Topper Gas on Feb 12, 2015 20:33:54 GMT
Ps if we lose in court we have to pay £2.3m at the end of the season to wonga loans. There is only one way we can do that and its selling the stadium. That puts Sainsburys in a strong position to do a deal Twerton Park 2015/16 season?? Sainsbury's will only do a deal if they don't consider they have a strong case, if they don't then they are not going to be in a stronger a position just because we have a loan to pay back? However, if we lose the case it seems the only way we can survive is either get to Wembley & /or get promoted, or our BoD are prepared to repay the loan themselves. I suppose one day we were always going to meet our waterloo as no club can continually leave beyond their means. |
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Post by Deleted on Feb 12, 2015 20:36:23 GMT
The main reason i have been so disillusioned with those who run this club (other then the innability to develop the club structures, commercial arm or achieve footballing success) has been that for as long as they have been in charge they have been completely incapable of counting. How hard is it to set a budget that realistically matches the anticipated income???. There has long been a culture at this club of overbudgeting on the off chance of a player sale or cup run (luck and chemistry) rather then sensible budgetting that would have put an end to crazy wages and contracts a club like ours cant maintain a generation ago. Whilst we were blowing £2.5m a year on wages when we could only afford £2m clubs paying half that have achieved more becase they pay sensible wages and invest in recruitment. This £500000-£1m a year loss year on year has led to us being £8m in debt with poo favcillities, no scouting set up and very unattractive to buyers. Its pure incompetance and it astounds me more fans don't agree with me on this issue. I do. |
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Post by Deleted on Feb 12, 2015 20:41:33 GMT
Ps if we lose in court we have to pay £2.3m at the end of the season to wonga loans. There is only one way we can do that and its selling the stadium. That puts Sainsburys in a strong position to do a deal Twerton Park 2015/16 season?? Sainsbury's will only do a deal if they don't consider they have a strong case, if they don't then they are not going to be in a stronger a position just because we have a loan to pay back? However, if we lose the case it seems the only way we can survive is either get to Wembley & /or get promoted, or our BoD are prepared to repay the loan themselves. I suppose one day we were always going to meet our waterloo as no club can continually leave beyond their means. After a decade the most any director has leant us is £700000 they wont suddenly lend £2.3m. The purpose of my message is that whatever the outcome we must demand these people stop running the club like this. Walsall have the same turnover as us, break even and are two leagues higher. |
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Post by Topper Gas on Feb 12, 2015 20:51:10 GMT
Problem is if this BoD don't keep running the club who else is going to bail us out? Perhaps it's too late now to demand changes?
I'd like to know how we managed to let JW run up a £2.5m wage bill last season on under performing players
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Post by Deleted on Feb 12, 2015 20:55:29 GMT
No !!!!! You are missing the point, we do not need anyone to bail us out , we need to budget for what we earn. The board keep mismanaging the budget and thats why they then have to loan money.
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Post by Deleted on Feb 12, 2015 20:59:45 GMT
Problem is if this BoD don't keep running the club who else is going to bail us out? Perhaps it's too late now to demand changes? I'd like to know how we managed to let JW run up a £2.5m wage bill last season on under performing players I agree with Dins. We don't need to replace the Board. We just need them to run the club more prudently. |
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Post by Deleted on Feb 12, 2015 21:04:48 GMT
Its just so easy it wateres me off. We averaged 6000 but budget for 9000 !!! Why ?. All we achieve by over budgeting is paying inflated wages. It only ever worked when we had Holloway, Penrice and Everson with our conveyor belt of noneague talent. Even then it was a gamble.
The financial mess we are in has been coming for years and years. We will soon run out of directors and run out of cash.
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Post by Deleted on Feb 12, 2015 21:06:05 GMT
All you need is to cut the expenses so you break even. Then you do the best you can with what you have.
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Post by Deleted on Feb 12, 2015 21:08:02 GMT
ok, i think i'm getting the general idea here....
if this decision goes against us we are screwed....
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Post by Deleted on Feb 12, 2015 21:14:12 GMT
And if it goes for us we need to learn how to count. At the q and a i asked if they still had faith in Watola and its so odd that they do
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Post by Strange Gas on Feb 12, 2015 21:22:03 GMT
We need 4 envelopes on the board table by 18 may., each with a clear plan to take us forward. I fear even the "we got promoted and Sainsburys paid in full" envelope isn't that happy a read. We would still need to cut our cloth to cover any construction shortfall and run on sustainable basis for a few years. Until "new revenue streams" are a reality, even if you believe they exist, they ain't gonna help until we are rattling about in our new home in 2017 at the earliest. No business hit full revenue projections from day 1
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Post by Topper Gas on Feb 12, 2015 21:28:27 GMT
Problem is if this BoD don't keep running the club who else is going to bail us out? Perhaps it's too late now to demand changes? I'd like to know how we managed to let JW run up a £2.5m wage bill last season on under performing players I agree with Dins. We don't need to replace the Board. We just need them to run the club more prudently. But a leopard never changes it's spots? A classic example is the signing of Easter, unless he's playing for a pittance (in his terms) then why sign a player we can't afford? I'm guessing until we signed him DC probably had a budget we could afford but now we're heading for another big loss if we don't get promoted? I think TW said we're budgeting for 7,500 crowds this season when they must of expected 5,500, assuming 2,000 fans bring in income of £20 each that's £40K down each match or nearly £1m p.a. Even if our top earners are on £100K each that means we're paying 10 players wages we can't really afford you wouldn't think that looking at the recent Woking or Dartford results! |
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Post by Deleted on Feb 12, 2015 21:35:41 GMT
Maybe so Topper Gas but I like our Board. They are Rovers fans and I'm sure everything they have done has been in good faith and with good intentions. I don't want them to go. I'm very much not a board out sort of person or board basher. But it's pretty hard not to see we are not run prudently. You can't set a budget greater than your income. |
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Post by Topper Gas on Feb 12, 2015 22:34:00 GMT
The problem is this BoD, or more particularly the Chairman, won't change as even this season we're clearly leaving beyond our means. Although perhaps promotion back to the FA is all that can save us now.
Although what is there to actually like about our BoD, they just seem individuals who are happy to invest in the club, there's no real connection between them and the fans, apart from BSS who the Fans rep anyway.
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