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Wheres the Money gone?

Wheres the Money gone?

The Saint said:
The manager goes to the board with targets, the board either sanction or turn down those targets. The buck stops with them. The manager loses £11million pounds of talent, and is given next to nothing to replace them. 100% strategy for failure.
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Absolutely.
 
HeyshamWhite said:
The last accounts accessible from Companies House (up to June 2017; published in October) and show we required £5.615m from Hemmings to meet running costs over the preceding 12 months and were projected to need another £4.65 from him up to June this year.

Not withstanding the contract renewals of current playing staff, the 5 permanent signings and whatever the two city lads are costing us, the Cunningham and Hugill money would likely cover running cost deficits for 2-2.5 years max.




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The reality of it. Good that he's footed that bill so far.

But surely not a good business plan to risk relegation and the annual loss of £5million?
 
The Saint said:
The manager goes to the board with targets, the board either sanction or turn down those targets. The buck stops with them. The manager loses £11million pounds of talent, and is given next to nothing to replace them. 100% strategy for failure.
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‘The board’ are largely ornamental at PNE. They don’t have anything to do with targets or budgets. AN and PR come up with their targets and then the cost has to be sanctioned by the owner.

Obviously John Kay is there to look over things for TH as he has done for many years in all TH’s different business interests and companies, but in terms of footballing operations and recruitment the only people that matter are AN, PR and TH.

How much (or how little) spending on the footballing side is sanctioned is totally down to TH and nobody else.
 
HeyshamWhite said:
Not withstanding the contract renewals of current playing staff, the 5 permanent signings and whatever the two city lads are costing us, the Cunningham and Hugill money would likely cover running cost deficits for 2-2.5 years max.
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Good you pointed out that there have investments since the Hugill transfer. Shame no one can quantify them so many assume the costs were zero.
 
pnenycx said:
Good you pointed out that there have investments since the Hugill transfer. Shame no one can quantify them so many assume the costs were zero.
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Ok.

And if I told you we got more than 9M net profit from the two sales of Cunningham and Hugill, and that we have spent 3M of that on transfers and contract renewals.

But I guess you’re hoping Trevor pockets that 6M+ and goes to get himself a nice plot of land, yeah?
 
kingpne said:
Ok.

And if I told you we got more than 9M net profit from the two sales of Cunningham and Hugill, and that we have spent 3M of that on transfers and contract renewals.

But I guess you’re hoping Trevor pockets that 6M+ and goes to get himself a nice plot of land, yeah?
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Is that £3m a genuine figure, or a number you've plucked from thin air?
 
kingpne said:
It’s plucked it from thin air. I’m not informed at all, I’ve never got information right in the past ever.

(It’s a genuine figure)
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The spare £6m will cover approximately 16 months of our current losses.....we've been losing between £400 and £500k a month for years. However, if there is no immediate investment before the window closes we are fucked.
 
PNEESSEX said:
The spare £6m will cover approximately 16 months of our current losses.....we've been losing between £400 and £500k a month for years. However, if there is no immediate investment before the window closes we are fucked.
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We are fucked.

Hardly any club is self sufficient, and our fans go on like Hemmings subsidising us is unique.

His net worth is almost double what the Derby owner’s is, yet look at the difference.
 
PNEESSEX said:
The spare £6m will cover approximately 16 months of our current losses.....we've been losing between £400 and £500k a month for years. However, if there is no immediate investment before the window closes we are fucked.
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Not looking good! Long season ahead? Overtaken again by the plastics and the egg chasers? My word the North End faithful deserve better!
 
26-0 said:
The reality of it. Good that he's footed that bill so far.

But surely not a good business plan to risk relegation and the annual loss of £5million?
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As opposed to unsustainable spending that would guarantee nothing other that spiraling debt? We went briefly went down that route circa 2007-2009. Remember how that turned out?


kingpne said:
Ok.

And if I told you we got more than 9M net profit from the two sales of Cunningham and Hugill, and that we have spent 3M of that on transfers and contract renewals.

But I guess you’re hoping Trevor pockets that 6M+ and goes to get himself a nice plot of land, yeah?
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So the remaining £6m is used to meet the deficit between income and spending for the rest of the season?
 
PNEESSEX said:
The spare £6m will cover approximately 16 months of our current losses.....we've been losing between £400 and £500k a month for years. However, if there is no immediate investment before the window closes we are fucked.
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And we'll be losing another £5 million a year after relegation.

Important week for PNE.
 
HeyshamWhite said:
As opposed to unsustainable spending that would guarantee nothing other that spiraling debt? We went briefly went down that route circa 2007-2009. Remember how that turned out?




So the remaining £6m is used to meet the deficit between income and spending for the rest of the season?
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I couldn’t tell you what it’s being spent on, but I can tell you what it’s not being spent on.

Players.
 
kingpne said:
Ok.

And if I told you we got more than 9M net profit from the two sales of Cunningham and Hugill, and that we have spent 3M of that on transfers and contract renewals.

But I guess you’re hoping Trevor pockets that 6M+ and goes to get himself a nice plot of land, yeah?
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What about the cost of contracts for the 5 signings? Are they offset by savings on Hugill and Cunningham's salaries? And how much are the 2 city loans costing? Eg if the net change on 5 new signings vs Hugill/Cunningham is 1m a year and say two city lads are costing combined 1m then that 6m is down to 4m.
You can't include some costs and ignore others.
 
pnenycx said:
What about the cost of contracts for the 5 signings? Are they offset by savings on Hugill and Cunningham's salaries? And how much are the 2 city loans costing? Eg if the net change on 5 new signings vs Hugill/Cunningham is 1m a year and say two city lads are costing combined 1m then that 6m is down to 4m.
You can't include some costs and ignore others.
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The figures, obviously, don’t include wages.

It’s well known that there is a wage cap at the club.

That 9M net obviously doesn’t include getting Cunningham’s and Hugill’s wage off the wage bill.

The cost that arises from contract extensions is bonuses such as loyalty bonuses, which is paid as a lump sum most of the time.

Next you’ll be taking into account the cost of paying people to serve pies!
 
Something I heard on the radio last week, Owners can’t just pump money in like they used to be able to, something to do with ffp. Maybe wrong but just thought I’d put it out there
 
HeyshamWhite said:
As opposed to unsustainable spending that would guarantee nothing other that spiraling debt? We went briefly went down that route circa 2007-2009. Remember how that turned out?




So the remaining £6m is used to meet the deficit between income and spending for the rest of the season?
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This same old chestnut again.Yes we did give a certain manager a lot of money (by our standards) to spend and no it didn't work but that doesn't mean it couldn't ever work.
It all depends on the manager being backed ,if TH thinks AN is the right man he should back him.If he doesn't think he is the right man he should replace him with someone who is.
 
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