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Wheres the Money gone?

Wheres the Money gone?

I don't think it has been mentioned but can we remember Hemmings is 83?

He might not have the same views on 'investing' in lets be honest, vastly overpaid footballers as someone 20-30 years his junior might have.

I feel like we are at a bit of a crossroads as a club right now, so close yet so far. The way the training ground has stalled and the way the money from the big sales hasn't been re-invested much would suggest to me that he might be trying to move the club on to new owners. There could be loads of reasons for that if that is what is going on behind the scenes.
 
NorthWestern said:
You think? Don’t forget we don’t pull 20k plus in crowds
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What I also heard was QPR had an embargo on them last season and they had to cut the wage bill again this season by 5m. Do Birmingham and Sheff Weds have the same issue this season?
 
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?/QUOTE]

Difficult choice for TH I agree with you.

I guess most fans would want to see some immediate investment in a proven Championship striker to provide at least some effective attacking threat and give us hope that our season isn't going to be spent struggling to score goals and desperately trying to avoid relegation. TH has to gamble one way or the other. Does he back the manager at this point, loosen the purse strings a little and reduce the risk of relegation and the huge financial losses that would entail or not?

I suppose what you or I think hardly matters at all though.
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Wheres the Money gone?

NorthWestern said:
You think? Don’t forget we don’t pull 20k plus in crowds
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Yes, but we spend sweet f all.

FFP regulations mean you can’t run at an operating loss of 35M over a three year period.

EDIT: JD has just rightly corrected me - 39M*.
 
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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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And how much did the fans loose with their shares, never get over that we held a big investment in the club, but we never had a voice in the board room.
 
NorthWestern said:
You think? Don’t forget we don’t pull 20k plus in crowds
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Well as far as i am aware clubs in our division are allowed to accumulate losses of up to £39 million over a 3 year period, so we are someway off troubling that.
But I am sure that there are still creative ways around how much we spend versus how much we bring in, of course the desire to do so may be much more of a problem.
 
hatedingles said:
I don't think it has been mentioned but can we remember Hemmings is 83?

He might not have the same views on 'investing' in lets be honest, vastly overpaid footballers as someone 20-30 years his junior might have.

I feel like we are at a bit of a crossroads as a club right now, so close yet so far. The way the training ground has stalled and the way the money from the big sales hasn't been re-invested much would suggest to me that he might be trying to move the club on to new owners. There could be loads of reasons for that if that is what is going on behind the scenes.
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It’s going to be a lot tougher from now on to get to the promise land. Can’t just throw x amount of money at it
 
kingpne said:
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!
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Nah not getting to the costs of the pies, only talking about significant costs. Not doubting the Hugill/Cunningham fees have brought in substantial funds, just querying your 6m number as being how much better off we are and you've just confirmed wages are not factored into your numbers which makes your numbers pretty worthless.
 
proton said:
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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No but it's fair to say in a league where only 3 sides will get promoted and many are benefiting from crowds double or more than ours and with the benefit of millions of pounds in parachute payments, that the chances of us going for it financially (by our standards) and being successful in doing so are too slim to make the gamble worth it. Our owner may be worth a billion quid (does anyone actually know how much of that is disposable cash and how much is tied up in property and business?), but the club itself must be run on a sustainable basis; don't forget that Hemmings is not going to be here long term, simply because of his age if nothing else. To risk its viability on a short term shit or bust bash at glory is myopic and reckless, however frustrating that may be for all of us.
 
pnenycx said:
Nah not getting to the costs of the pies, only talking about significant costs. Not doubting the Hugill/Cunningham fees have brought in substantial funds, just querying your 6m number as being how much better off we are and you've just confirmed wages are not factored into your numbers which makes your numbers pretty worthless.
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Sigh. It’s clear for everyone else, so I’ll leave it there.
 
TSR2 said:
And how much did the fans loose with their shares, never get over that we held a big investment in the club, but we never had a voice in the board room.
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Not sure what’s going on at boardroom level North End had hardly any representation at Derby today bar PR.
Where were all the other directors and representatives of the club, don’t seem that interested?
 
HeyshamWhite said:
No but it's fair to say in a league where only 3 sides will get promoted and many are benefiting from crowds double or more than ours and with the benefit of millions of pounds in parachute payments, that the chances of us going for it financially (by our standards) and being successful in doing so are too slim to make the gamble worth it. Our owner may be worth a billion quid (does anyone actually know how much of that is disposable cash and how much is tied up in property and business?), but the club itself must be run on a sustainable basis; don't forget that Hemmings is not going to be here long term, simply because of his age if nothing else. To risk its viability on a short term shit or bust bash at glory is myopic and reckless, however frustrating that may be for all of us.
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Bottom line we cannot afford to be competitive in this division?
 
HeyshamWhite said:
No but it's fair to say in a league where only 3 sides will get promoted and many are benefiting from crowds double or more than ours and with the benefit of millions of pounds in parachute payments, that the chances of us going for it financially (by our standards) and being successful in doing so are too slim to make the gamble worth it. Our owner may be worth a billion quid (does anyone actually know how much of that is disposable cash and how much is tied up in property and business?), but the club itself must be run on a sustainable basis; don't forget that Hemmings is not going to be here long term, simply because of his age if nothing else. To risk its viability on a short term shit or bust bash at glory is myopic and reckless, however frustrating that may be for all of us.
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Asking for a modest increase in spending is not the same as advocating a shit or bust approach. Lets not raise the red herring of the make up of Hemmings wealth,it doesn't matter, if he wanted to finance a push for promotion he would be able to do so, he is a billionaire, £1000 million.
We either try for promotion whilst we have a young talented squad and manager or we don't, if we don't its back to league one we go, eventually, with the financial hit that entails.
 
proton said:
Asking for a modest increase in spending is not the same as advocating a shit or bust approach. Lets not raise the red herring of the make up of Hemmings wealth,it doesn't matter, if he wanted to finance a push for promotion he would be able to do so, he is a billionaire, £1000 million.
We either try for promotion whilst we have a young talented squad and manager or we don't, if we don't its back to league one we go, eventually, with the financial hit that entails.
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Exactly this.

But it would be nice not to be fed all the bullshit about our (non-existent) promotion ambitions.
 
proton said:
Asking for a modest increase in spending is not the same as advocating a shit or bust approach. Lets not raise the red herring of the make up of Hemmings wealth,it doesn't matter, if he wanted to finance a push for promotion he would be able to do so, he is a billionaire, £1000 million.
We either try for promotion whilst we have a young talented squad and manager or we don't, if we don't its back to league one we go, eventually, with the financial hit that entails.
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Back to league 1 possibly right, after 50+ years of supporting PNE that would be me finished with football! Money/greed is ruining the beautiful game it is no longer a competitive league?
 
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