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Post by FranktheRabbit on Jan 7, 2020 10:34:51 GMT
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Post by tpholloway1 on Jan 7, 2020 11:01:10 GMT
That explains why the CEO got a huge pay rise???? |
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Post by terrorofturfmoor on Jan 7, 2020 11:10:36 GMT
Thought you knew my lady for a moment then!!! 🤔
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Post by Gods on Jan 7, 2020 11:11:09 GMT
Extraordinary to think our entire annual match day revenue is less than six and a half million quid, it would only cover half of one large transfer or the wages of say 3 better paid squad members.
It's not hard to see we why we need to cut our cloth differently and quickly on Championship sponsorship levels with parachute payments all but finished.
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Post by scfc75 on Jan 7, 2020 11:12:25 GMT
That explains why the CEO got a huge pay rise???? Yeah, he cut costs in line with revenue reductions, limiting losses* 😂 (*Disclaimer... let’s ignore the fact that revenue fell due to the disastrous way in which the club was run...) |
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Post by durbanscircus on Jan 7, 2020 11:36:01 GMT
The Net Debt position will now be north of £200m...how much longer will they keep pumping the money until they write it off and move on?....who will invest in a debt free club that may not own its ground with gate receipts of £6.5m.
I hope Peter has a long and happy life and sees us return to the Premier next year...at Least with MON in charge it looks like we will survive for one last push
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Post by benjaminbiscuit on Jan 7, 2020 11:48:00 GMT
Underlines two points many of us have know for years .
1 The enormous commitment of the owners , it’s possible to question their ambition and timing when 9th but never their commitment .
2 The process and the executive paid to run in have created a footballing and financial Armageddon with abhorrent incompetence and arrogance and have done so while successfully transferring accountability to other employees
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Post by FranktheRabbit on Jan 7, 2020 11:56:55 GMT
Thought you knew my lady for a moment then!!! 🤔 No, that would of been mild, moist & flatulent. |
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Post by Deleted on Jan 7, 2020 12:03:43 GMT
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Post by Gob Bluth on Jan 7, 2020 12:05:01 GMT
In reading this I find our current position to be better than expected. The issue is we've differed huge amounts of transfer fees, we still owe 44m on the God awful signings we made. Standard practice I know but that figure is significantly higher than I was expecting. To clarify I mean current position being our current incomings and outgoings for this year.
'However Stoke owe an alarming £44m in transfer fees.'
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Post by terrorofturfmoor on Jan 7, 2020 12:21:52 GMT
Thought you knew my lady for a moment then!!! 🤔 No, that would of been mild, moist & flatulent. So you DO know her!!! |
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Post by Davef on Jan 7, 2020 12:41:36 GMT
Underlines two points many of us have know for years . 1 The enormous commitment of the owners , it’s possible to question their ambition and timing when 9th but never their commitment . 2 The process and the executive paid to run in have created a footballing and financial Armageddon with abhorrent incompetence and arrogance and have done so while successfully transferring accountability to other employees Yet 1 continue to remain happy with the job 2 is doing. Strange don't you think? |
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Post by okeydokeystokie2 on Jan 8, 2020 15:52:48 GMT
Thanks for posting that.
It shows how complex running the football club really is. You would hope that the club still hold some "assets" - Butland, Ndaiye, Etebo & Allen in the short term - some or all of which they might have expected to "liquidize" last summer. That would have made a huge difference to the £44m net transfer deficit. Looking ahead, Collins, Verlinden, potentially Powell & possibly Campbell if we can retain him, look to be our future assets.
It also shows how crucial it is getting the big decisions right, critically manager & player recruitment. The higher up the pyramid you go, the harder it gets to improve the team, and boy the crash can come quickly.
Finally, anyone still questioning the role of the Coates family, and in particular, Peter and John, might want to read this. However wealthy you are, £180 million is a lot of money. Heaven knows where we would be without them.
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Post by benjaminbiscuit on Jan 8, 2020 16:02:51 GMT
Underlines two points many of us have know for years . 1 The enormous commitment of the owners , it’s possible to question their ambition and timing when 9th but never their commitment . 2 The process and the executive paid to run in have created a footballing and financial Armageddon with abhorrent incompetence and arrogance and have done so while successfully transferring accountability to other employees Yet 1 continue to remain happy with the job 2 is doing. Strange don't you think? Over loyalty has been their Achilles heel for a while , and let’s not under estimate the ability of some to manage upwards years ago this was a admin job no one would miss , now it carries a 800k Salary and is core to the club on and off the pitch due to the process . which brings me to that salary , no way does it benchmark similar sized business for example one MD running a private co subsidiary turnover £500m profit £48m Profit is paid 200k per annum , our ceo ridiculously over paid and failing by every conceivable measure |
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Post by sportsman on Jan 8, 2020 16:44:40 GMT
In reading this I find our current position to be better than expected. The issue is we've differed huge amounts of transfer fees, we still owe 44m on the God awful signings we made. Standard practice I know but that figure is significantly higher than I was expecting. To clarify I mean current position being our current incomings and outgoings for this year. 'However Stoke owe an alarming £44m in transfer fees.' I'm pretty sure we signed tuncay kn a repayment plan of about 5 years. |
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Post by stokesaint1 on Jan 8, 2020 20:49:02 GMT
I'm not sure which is more depressing, the financial situation or our performances on the pitch. Suffice to say, we look pretty f*cked and those responsible (they know who they are but keep very quiet) should hold their heads in absolute shame. Incompetence persists and needs addressing before it really is too late. Repeat after me, " Our father.......................etc."
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Post by Gob Bluth on Jan 8, 2020 21:01:44 GMT
In reading this I find our current position to be better than expected. The issue is we've differed huge amounts of transfer fees, we still owe 44m on the God awful signings we made. Standard practice I know but that figure is significantly higher than I was expecting. To clarify I mean current position being our current incomings and outgoings for this year. 'However Stoke owe an alarming £44m in transfer fees.' I'm pretty sure we signed tuncay kn a repayment plan of about 5 years. It's such a silly practice really. We've been betting on ourselves for so many years now and it just means when we lose we're really, really losing. |
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