Finances released in time for the meeting, on the face of it, things look better, higher turnover and lower losses, im sure someone with better financial knowledge than me will be able to dig deeper into it
Spinny Hendrix in action I see
"Though the 2023/24 season ended with us finishing a creditable 10th, our third successive year of improvement"
Not if you go by points. Points are in our control, the table isn't.
"Our streamlined organisational and decision-making infrastructure gives us a fighting chance in the ever complex and data-driven world of scouting new football talent. Layers of infrastructure inevitably leads to layers of bureaucracy and costs which then leads to a slower decision-making process. To compete, PNE has to be a lean and focused operation. We have to get more bang for our buck."
It can also lead to more mistakes. If you don't have people with specialist knowledge doing specialist roles, you get uninformed decision making. Quicker decisions aren't always better ones.
Will be interesting to dig deeper into the finances though, especially considering this comment:
“As I have mentioned in the past, because we recognise the net income and not the turnover achieved from our commercial and retail divisions, it is often assumed, incorrectly, that our income from these activities is inferior to our close competitors. This is not the case. If we were to recognise revenue rather than net income our turnover would increase by about £3m more per annum which would take the income generated by our commercial team in line with or above clubs with similar sized fanbases. Notwithstanding this, we continue to drive our commercial revenues forward.”
It stands out to me for two reasons:
1) "It is often assumed, incorrectly, that our income from these activities is inferior to our close competitors".
Then why are we always pleading poverty and pointing to how small our budget is? You can't talk about Premier League Ambitions and improving position in the table in one breath, small budgets and FFP in another, and being similar to close competitors in another. What's the narrative here? Where are you expecting us to be?
2) It's interesting that distinction has been highlighted. I wonder what story that is telling.