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Riddler statement.

Riddler statement.

taxipete1 said:
We are a small town who's best days are long gone, believe me I know. Any potential investors would immediately recognise this and conclude much better options are available. Anyone willing to chuck 10 or 20 million a year at the club with no guarantee of success could probably afford Newcastle United, i know which one I'd buy.
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How on earth can you know that?

You don't have talk some utter nonsense.
 
Kenmare_White said:
As an accountant myself, football is completely different to the book industry that you refer to.

Revenue is made up of the normal day to day operations of a company e.g a bookshop selling books. The books are inventory.

One off “exceptional” sales that are not part of daily operations are considered elsewhere e.g selling a football player’s registration. Footballers are not inventory.
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It was a poor analogy but it doesn't change the fact that players sales are one of, and in many cases the primary, revenue stream for football clubs. To completely discount this is utterly ridiculous.
 
chorleythehord said:
Ive been in business 25 years so I’m perfectly capable of accessing companies house and reading accounts thank you very much

the operating loss before playing trading and non football activities at first glance shows:

2016 £24m loss
2017 £14m Loss
2018£18m Loss
2019 £20m loss

much of those losses have been Offset by player Profit sales , and in 2019 offset by the sale of griffin park to another company.
Money Benham has pumped in by way of loans is shown as £68m. Then there are share issues to the total of £39m. That’s up to June 2019. Add on to that whatever he has spunked on the new ground in the current year.

Brentford are very fortunate that they have a most generous benefactor. They don’t really have a fantastic business model, that’s the great myth of this message board, but they have been more successful in buying , then selling, strikers at huge profits. But it’s still not stopped the need for their benefactor to pump the millions in. And he still starts next season in the same league as us.
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gosh this is a really confusing post, don't we buy some players on the cheap and TH then enjoys the profits, he must have "banked £20m from Hugill, Robinson and Cunningham, he MUST also enjoy his corpy tax write off's each year too oh and the biggest transfer last season was the £1.5m from the football club to his property company for a piece of undeveloped land that used to be his golf course.

Brentford now have a state of the art ground which must help attracting new players, we have an old overgrown 3 holes on a golf course and an ageing substandard training ground without any future.

Brentford give their fans one thing TH doesn't, HOPE and not a pissed up piece of garbage at Wembley. If after being a director for 25 years you cannot see which is the better model I would politely suggest your directorship is ONLY to minimise your own tax liability and remove and personal liability if you go tits up. Ridsdale was a director of his company for years and as a result he was banned from being a director or running a business for 7 years!!!!!!
 
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chorleythehord said:
Of course it is. Now you are gradually beginning to get it ( although your bookshop is a poor analogy- the primary purpose of a bookshop is to sell books. A football clubs primary activity is not selling players). .

Player sale profits can be used to at least partially offset operating losses.In our case £10m a season. In Brentford’s case it seems £20m. it’s obviously a risky model as player values can go down, run contacts out etc , but if you have The benefactor as a back stop , you can risk it. That is what both Preston and Brentford do. Without a benefactor you cannot do it. You would need a bank to give you a loan and there is no chance of that.

The fact is Preston and Brentford run very similar business models. Both have benefactors pumping millions in. ( currently Benham has funded Brentford far greater pa than Hemmings). Both try to mitigate the Operating losses by selling players. Both would be goosed without their benefactor , and would struggle to replace him. Both have failed to ever get promotion to the Premier League. Both have fans who think their benefactor is somehow siphoning the profits away.
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Oh dear.
 
europne said:
Well buy a bit of land and build a few houses, easy peasy, then do a few more, and before you know it after about 50 years you might also be a billionaire......
It’s simple really, just like running a footy club, which some of you also know everything about......

Just ask Paddy for some financial advice , he’s a proper know all, surprised he’s not a billionaire also.

But hurry up about it cos TH isn’t getting any younger.
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What on earth are you on about?

Who said it was easy to become a billonaire?

Every credit to Mr. Hemmings. He has done what most of us could only dream of. Become a billionare and buy his local football club.

Actually the less said about this reply the better
 
paddysr said:
Here's another one trotting out the whataboutery.

We are a going concern, the only creditor we have is the owner, we don't have relegation, or administration, or winding up petitions, or dodgy loans hanging over us.

We are a completely different proposition to all the clubs that keep getting trotted out.

Why is it so hard for people to understand that?

Of course there would be risks attached but it is by no means the probability people keep harping on that it is. For every bad owner out there there are 20 good ones.
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You say all that but it is all bluster because it is just wasted words when there is nobody out there who wants to buy the club!
 
rem said:
You say all that but it is all bluster because it is just wasted words when there is nobody out there who wants to buy the club!
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Kenmare_White said:
As an accountant myself, football is completely different to the book industry that you refer to.

Revenue is made up of the normal day to day operations of a company e.g a bookshop selling books. The books are inventory.

One off “exceptional” sales that are not part of daily operations are considered elsewhere e.g selling a football player’s registration. Footballers are not inventory.
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are player costs not "written down" each year?
 
billymac said:
are player costs not "written down" each year?
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No they ignore them don't you know. Player sales don't count towards money in and purchases don't count as expenditure. I'm still not entirely sure how it works but Either Kenmere or Chorley should be able to help you out.

Could be beneficial when you come to sell one of your old vans
 
rem said:
You say all that but it is all bluster because it is just wasted words when there is nobody out there who wants to buy the club!
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Mate.

Put. The. Club. Up. For. Sale.

Price calculated using the same formula as 10 years ago (5p in the £).

Then let's see if "there is nobody out there who wants to buy the club".
 
Thracia said:
Mate.

Put. The. Club. Up. For. Sale.

Price calculated using the same formula as 10 years ago (5p in the £).

Then let's see if "there is nobody out there who wants to buy the club".
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Stupid post that adds nothing to the discussion!
 
JK said:
If I had Trevor Hemmings wealth I would buy Preston North End.. but sadly I don't.

Trevor Hemmings is not just a weatlhy man, he is a BILLIONAIRE.

David Nugent was signed on the say so of Trevor Hemmings. He was given a two year contract. Whilst many fans welcomed David back it would only have been a great signing had it happened five years ago.

We all hoped that it would have worked out but the failure to sanction a further striker was a absymal decision.

Nugent will end up getting paid off but hopefully will be remembered for what he did first time around.

The owner sanctioned the signing of Doyle on a three year contract...

I dont agree with owners of football clubs signing anyone and believe they should allow the people they employ to do so.
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TH obviously makes his decisions on the advice given by the Riddler. If that advice is poor the TH is surely not the one to blame. I'm not a fan of TH - I believe that with the present (and future) policies currently being applied then demotion is more likely than promotion. The chances of a new buyer coming in are nil especially if the asking price is as rumoured. Time for TH to lower the asking price and leave with our thanks for all he has done for PNE albeit no doubt with an ulterior motive
 
rem said:
Stupid post that adds nothing to the discussion!
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Huh?

It's a call for evidence and proof.

You like proof, right?

You like evidence, right?

You don't like it when people say things without proof or evidence, right?
 
Baldygit said:
TH obviously makes his decisions on the advice given by the Riddler. If that advice is poor the TH is surely not the one to blame. I'm not a fan of TH - I believe that with the present (and future) policies currently being applied then demotion is more likely than promotion. The chances of a new buyer coming in are nil especially if the asking price is as rumoured. Time for TH to lower the asking price and leave with our thanks for all he has done for PNE albeit no doubt with an ulterior motive
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From what we have been told over the last couple of years whether or not TH takes the advice offered by PR depends on what colour underwear he is wearing on any given day.
 
billymac said:
Brentford now have a state of the art ground which must help attracting new players, we have an old overgrown 3 holes on a golf course and an ageing substandard training ground without any future.
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Brentford’s new stadium is awful. Not quite as bad as Griffin Park (sorry to upset the traditionalists), but still shite. The main attraction is the fact they’re situated in London.

Anyhow, why are you comparing Brentford’s stadium to our (lack of) training ground? Our stadium is much nicer than Brentford’s - not that it matters a jot, because the stadium plays little role in a player’s decision to join a club.
 
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