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Post by TexasPotter on Nov 20, 2018 19:52:04 GMT
The player wage handling alone, along with first team decisions have been absolutely woeful. When you Keep Fletcher, Adam, Afellay on the books for big money and also bring in players like McClean, Martina and Williams letting better players go for years. We deserve to be heading into administration. Absolute joke how Hughes, Lambert and now Rowett under the pizza boys tutalege have the club on brink. Ambition for some, I call it shit management from the top to bottom.
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Post by TexasPotter on Nov 20, 2018 19:52:32 GMT
Crazy to keep the CEO & his lap dog who orchestrated it Welcome to crazytown. |
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Post by benjaminbiscuit on Nov 20, 2018 21:05:51 GMT
Plenty of posters on here were laying into the club for aiming for sustainability - had we done what the spend, spend, spend brigade wanted the situation would have been far worse. Continually spending daft money might have seen us staying up for a couple of more seasons but when the wheels fall off (and the chances are they will at some point) the consequences would have been horrendous. Fingers crossed the owners continued investment pays off sooner than later. The owning company just made over £600m , Palace , Bournemouth , Leicester all seem to be doing ok . All these numbers do us show our claim to be well run to be utter garbage no Chief executive would survive these numbers coupled with the impending loss of £100m 90% of revenue , our demise was was caused by not fixing the roof while the sun was shining , trying to fix it on the cheap when we did and the lazy, arrogance and gross incompetence of those paid to execute the strategy . |
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Post by cooper67 on Nov 20, 2018 22:06:51 GMT
Bet365 profits up 33% in the last financial year.
Can't post a link but reported by The Racing Post.
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Post by chiswickpotter on Nov 20, 2018 23:41:35 GMT
What a shit article that is. We technically only lost 0.7 Million, the write downs will be to help us with the EFL FFP rules with regards losses. And the Shaqiri sale is nothing to do with the 22.7 Million sales, that's the Arnie sale. Was thinking the same, talk about artistic license..... yes that football academic is talking rubbish, his point about the debt ignores the fact it is all provided by Bet365 not banks and hence is not an issue in the way he implies |
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Post by chiswickpotter on Nov 20, 2018 23:43:45 GMT
We've woods and Afobe to pay for. The sale of wimmer, Badou , imbula , Butland ,Allen and Pieters should see our heavy debt turn in to profit. Simple really just sell our talent. Starting with those out on loan. What the transfer team doing.? Presumably you mean heavy "loss" not "debt". The article does not discuss our debt which is many £millions - but that is virtually all in the form of directors' loans which are interest free. I don't think it will be quite as easy as you think to turn last season's loss into profit. Selling a player (such as Butland) only generates a profit in the accounts if you sell him for more than his book value. Selling players (assuming we would get a fee) such as Wimmer, Badou Imbula and Pieters - would generate a loss if the fees were less than the book value. But Butland only cost £3 million and that will have been depreciated by now. I assume we don't revalue players upwards in the accounts. So it would all be profit I would guess |
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Post by rawli on Nov 20, 2018 23:55:59 GMT
Presumably you mean heavy "loss" not "debt". The article does not discuss our debt which is many £millions - but that is virtually all in the form of directors' loans which are interest free. I don't think it will be quite as easy as you think to turn last season's loss into profit. Selling a player (such as Butland) only generates a profit in the accounts if you sell him for more than his book value. Selling players (assuming we would get a fee) such as Wimmer, Badou Imbula and Pieters - would generate a loss if the fees were less than the book value. But Butland only cost £3 million and that will have been depreciated by now. I assume we don't revalue players upwards in the accounts. So it would all be profit I would guess We have to hand a chunk of that over to Birmingham though. |
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Post by Sfance on Nov 21, 2018 1:02:06 GMT
Much more interesting than the pounds and pennies IMO is Coates delivering himself of his latest inanities. How can that man possibly still be at the helm of the club? Whatever he may once have known about football, he clearly has long since forgotten. He's simply raving at this point. After last year's "what's the fuss about", he comes out with another classic . . ."I think we are on the right lines again." Talk about "lines" - Mr. Coates, write out 500 times on the blackboard, "I do not know what the fuck I am doing."
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Post by kustokie on Nov 21, 2018 1:19:00 GMT
If only Stoke was run like Bet 365 we would be top 4 in the premier league , how can they run the betting side so good and make a pigs ear of running a football club Because Denise Coates is running BET365 and has very little interest in SCFC which is her father’s expensive hobby. She pays herself more than the club takes in revenue and probably spends about 45 minutes a week thinking about the team. it seems to me that serious consideration should be given to selling the club to investors willing to put in some significant cash and hire a management team that knows what it’s doing. |
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Post by Lakeland Potter on Nov 21, 2018 8:28:56 GMT
Presumably you mean heavy "loss" not "debt". The article does not discuss our debt which is many £millions - but that is virtually all in the form of directors' loans which are interest free. I don't think it will be quite as easy as you think to turn last season's loss into profit. Selling a player (such as Butland) only generates a profit in the accounts if you sell him for more than his book value. Selling players (assuming we would get a fee) such as Wimmer, Badou Imbula and Pieters - would generate a loss if the fees were less than the book value. But Butland only cost £3 million and that will have been depreciated by now. I assume we don't revalue players upwards in the accounts. So it would all be profit I would guess I honestly don't know if football clubs ever revalue their players upwards in the accounts. I don't even know if they are required to - or whether, legally, companies quoted on the stock exchange are required to, because of their many shareholders. Someone with knowledge of company law may, perhaps enlighten us? |
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Post by rawli on Nov 21, 2018 8:52:14 GMT
If only Stoke was run like Bet 365 we would be top 4 in the premier league , how can they run the betting side so good and make a pigs ear of running a football club Because Denise Coates is running BET365 and has very little interest in SCFC which is her father’s expensive hobby. She pays herself more than the club takes in revenue and probably spends about 45 minutes a week thinking about the team. it seems to me that serious consideration should be given to selling the club to investors willing to put in some significant cash and hire a management team that knows what it’s doing. If it's 45 mins a season I'd be surprised. She has much bigger fish to fry in trying to extract as much money from punters before regulation kicks in. Thousands of kids with gambling problems surely won't be allowed to continue forever. |
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Post by Gods on Nov 21, 2018 10:59:14 GMT
Bottom line is, whatever this article says, our media rights revenue is going down in 3 annual steps from £100m in our last season in the Prem to an average £6m in the Championship.
We need to escape this hell-hole before the Coates family lose the will to bank roll this failing operation any further.
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Post by mrcoke on Nov 21, 2018 11:23:03 GMT
But Butland only cost £3 million and that will have been depreciated by now. I assume we don't revalue players upwards in the accounts. So it would all be profit I would guess I honestly don't know if football clubs ever revalue their players upwards in the accounts. I don't even know if they are required to - or whether, legally, companies quoted on the stock exchange are required to, because of their many shareholders. Someone with knowledge of company law may, perhaps enlighten us? I don't know either, but see no reason not if there is firm evidence to support it. For example businesses do revalue their stock and sometimes increase it if the price to replace has gone up. In the case of Butland I don't think you could revalue Jack because of what Everton paid for Pickford, but maybe you could if a firm offers had been received for him (say £10m) that had been rejected. I'm just speculating. To do so though is contrary to the issue of most clubs which is to "hide" the subsidies. |
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Post by liathroid on Nov 21, 2018 12:39:17 GMT
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Post by liathroid on Nov 21, 2018 12:54:44 GMT
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Post by followyoudown on Nov 21, 2018 13:08:27 GMT
I honestly don't know if football clubs ever revalue their players upwards in the accounts. I don't even know if they are required to - or whether, legally, companies quoted on the stock exchange are required to, because of their many shareholders. Someone with knowledge of company law may, perhaps enlighten us? I don't know either, but see no reason not if there is firm evidence to support it. For example businesses do revalue their stock and sometimes increase it if the price to replace has gone up. In the case of Butland I don't think you could revalue Jack because of what Everton paid for Pickford, but maybe you could if a firm offers had been received for him (say £10m) that had been rejected. I'm just speculating. To do so though is contrary to the issue of most clubs which is to "hide" the subsidies. This explains how it all works with regards to transfer fees, not a company law issue but accounting standards issue. Companies mostly only ever revalue their stock downwards it is a strict accounting rule that stock has to be held at the lower of cost or net realisable value (effectively selling price) otherwise companies could start recognising profits they were not sure to make so pretty much the only way stock can be valued upwards is if it has already been written down and the Net Realisable value increases. If you are really really bored the document link below goes through the accounting of many different aspects of football transactions www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs-9/accounting-for-typical-transactions-in-the-football-industry.pdf |
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Post by followyoudown on Nov 21, 2018 13:10:42 GMT
Proper Labour people the Coates's making sure they take out their cash in case Labour get in and start extra taxes on the rich  |
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Post by sheikhmomo on Nov 21, 2018 13:25:15 GMT
Proper Labour people the Coates's making sure they take out their cash in case Labour get in and start extra taxes on the rich I think it's more to do with last weeks UN report mate. Even the Coates family is at risk of going hungry under this Government  |
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Post by medwaypotter on Nov 21, 2018 13:44:28 GMT
Didn't plenty on here tell us that Coates was happy with us being in the Championship, as it would suit him better financially ?
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Post by Deleted on Nov 21, 2018 13:44:52 GMT
Average wage of £45K a week and people still defend us setting up like we're playing Man City every week  That's last season's average wage. However even allowing for a big drop Stokes wage bill has to be top four in the division and possibly top one. Which goes to highlight our massive underachievement so far this season It's very disappointing Lordb |
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Post by cooper67 on Nov 21, 2018 13:45:22 GMT
Bet365 profits up 33% in the last financial year. Can't post a link but reported by The Racing Post. I did try to start a post about our profits. But it got merged with our losses!! |
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Post by Deleted on Nov 21, 2018 13:48:43 GMT
Plenty of posters on here were laying into the club for aiming for sustainability - had we done what the spend, spend, spend brigade wanted the situation would have been far worse. Continually spending daft money might have seen us staying up for a couple of more seasons but when the wheels fall off (and the chances are they will at some point) the consequences would have been horrendous. Fingers crossed the owners continued investment pays off sooner than later. I thought had spent, spent, spent on Imbula, Berahino, and Wimmer, plus a whole string of expensive loans, some of whom hardly played for us. The problem is spending in the wrong positions. We all know we needed solid MFs since N'Zonzi sale and the demise of Whelan. But we sign expensive attacking MF and make do with Fletcher. We had the worst defence in the Prem. last season, Zouma went back, Wimmer was rightly discarded, but who did we sign to strengthen? No one; we ended up hiring two "past its" from Everton. The club has shown complete disregard to the standard in the Championship and failed to realise that if you want to get out of this league you need a Premier League quality side. We have spent, very unwisely , as we are now finding writing off the book value of many of our assets. Williams thinks Cardiff fans are mugs, I wonder what Spurs management think of Stoke management. I am deeply concerned about our future. The main priority when being relegated is to address all the issues, mistakes, defects, etc. that got us relegated and try and get back up straight away. The danger if you don't is you go straight through the trap door into Division 1. Just as the club hesitated and procrastinated last season, the latest Chairman's remarks sound to me like things haven't changed. I think we are on the right lines again says Stoke City chairman........But he has seen enough in recent games to believe a corner can be turned in time to nudge Stoke nearer the play-off picture. www.stokesentinel.co.uk/sport/football/football-news/peter-coates-stoke-city-promotion-2235951I don't know which Stoke the Chairman is watching. We have less shots on target in the last 6 matches - 15, than the first 6 matches - 23; and in the last 8 matches we have had just 3 clear cut goal scoring opportunities. (Sky stats.) Three of those last 8 games, the opposition felt points had been stolen by Stoke. Another excellent analysis Mr Coke Our recruitment policy and process is shambolic - look at how we tried to replace Hughes and was turned down twice! Why didn't we have someone decent lined up? I remain unconvinced by Rowett despite his £50m spending spree |
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Post by Deleted on Nov 21, 2018 13:50:02 GMT
The player wage handling alone, along with first team decisions have been absolutely woeful. When you Keep Fletcher, Adam, Afellay on the books for big money and also bring in players like McClean, Martina and Williams letting better players go for years. We deserve to be heading into administration. Absolute joke how Hughes, Lambert and now Rowett under the pizza boys tutalege have the club on brink. Ambition for some, I call it shit management from the top to bottom. 🎯👍👏 |
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Post by mrred on Nov 21, 2018 14:07:09 GMT
I'm sure she can pay herself what she wants given she built it up. But it's fucking vulgar isn't it? The sooner regulation comes in the better as far as I'm concerned.
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Post by cousindupree on Nov 21, 2018 15:38:23 GMT
So Denise could just forgo 2 months salary and donate to charity SCFC and the club will wipe out it's debt ! Holy shit that is an awful lot of money to earn. I am certain no hard line socialist but what the fuck do you do with all that money? I guess just reinvest and see the pile get bigger? Maybe as she is rarely in the media she might be a closet philanthropist.....lets hope so. |
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Post by benjaminbiscuit on Nov 21, 2018 19:41:06 GMT
To put our £30m loss into context , and compare the performance of our executive team , On New Year’s Eve 2008 Bournemouth were 91st and appointed Eddie Howe having just earned themselves back to 0 points , today they sit 7th in the premier league , over that period they have out performed us in every single measure
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Post by basingstokie on Nov 21, 2018 19:50:41 GMT
Presumably you mean heavy "loss" not "debt". The article does not discuss our debt which is many £millions - but that is virtually all in the form of directors' loans which are interest free. I don't think it will be quite as easy as you think to turn last season's loss into profit. Selling a player (such as Butland) only generates a profit in the accounts if you sell him for more than his book value. Selling players (assuming we would get a fee) such as Wimmer, Badou Imbula and Pieters - would generate a loss if the fees were less than the book value. But Butland only cost £3 million and that will have been depreciated by now. I assume we don't revalue players upwards in the accounts. So it would all be profit I would guess Its very difficult in accounting terms to revalue an asset upwards, as in order to do so you need to demonstrate its saleability for that amount. Footballers are all unique in ability and also have differing personal ambitions and contract lengths remaining. All of which make it very difficult to revalue a player upwards. So throughout his career Ryan Giggs was valued at £nil in the Man utd accounts despite his value probably bring £20m + at the height of his career |
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Post by Deleted on Nov 21, 2018 20:20:15 GMT
I'm sure she can pay herself what she wants given she built it up. But it's fucking vulgar isn't it? The sooner regulation comes in the better as far as I'm concerned. No human being on Earth should earn that much. It's obscene. |
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Post by followyoudown on Nov 21, 2018 21:05:45 GMT
I'm sure she can pay herself what she wants given she built it up. But it's fucking vulgar isn't it? The sooner regulation comes in the better as far as I'm concerned. Well the business they are in is to me vulgar effectively making money out of peoples misery but it is their money to do as they wish, wasn't it last year they put a couple of hundred million into a charitable foundation, in the company or in her bank account its basically still her money anyway this way a nice chunk of tax and NI goes to HMRC. |
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Post by benjaminbiscuit on Nov 21, 2018 21:22:06 GMT
£449m to the directors , what an achievement , Sod the fair pay jealous mob, but let’s not try and run a sustainable football club as a wholly owned subsidiary, ambition , investment, energy and a positive approach are what’s required at the the 365 , not the air of stagnation complacency , low energy , bargain hunting and consolidation that oozes From every public utterance of the chief exec transfer team and football management
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