The Last Weekend
Well doesn’t time fly when you’re having fun.
This is the last weekend of the long summer holidays it’s back to training on Monday morning in preparation for the new season ahead.
Traffic around the area is expected to be very light on Monday morning as so few will be arriving eager to push for a starting place. Plenty of parking available at a small charge payable at the pay and display meters. Colin the clamper will be out watching for none payers.
New menu’s in the canteen will reflect budget cuts with self vending drinks machines and a lunchbox inspection area for our dietician who will be ensuring mummy didn’t sneak any naughty treats in there. Daisy the club cow grazing on the verges will be supplying Doris with a plentiful supply of free fresh milk. Daisy is not to be abused by any unattached players in any circumstance no matter how desperate or drunk even though she does have lovely long eyelashes.
Notices of the clubs new bonus scheme for keeping fit will be introduced at a team meeting after the first training session. Exciting times ahead with great rewards for keeping fir and making yourself available to play.
For those who do suffer an unlucky injury the new recovery nail beds (extra sharp nail model) are in place to help speed up your recover so no slacking in bed this term.
Kit washing as you will have heard in the media Ken the Kit wash man has departed after being found taking in laundry on the side not only making money and not handing it over to the club but pocketing it leaving the club with excessive electric and soap powder bills. From now on a kit washing rota with be posted on the changing room wall those living with parents will be taking the kit home for mummy to wash. Instructions on how not to mix coloured with whites is being issued at the same time (in no way does this have any relation to outdated racial policies now consigned to history books)
Transport- Transport arrangements have been reviewed with Neil’s plans for introducing youth into the first team all those legible will be enrolled in college night school classes and required to obtain a student rail card. Wednesday will be the day we take half an hour off to walk across to the local station in order to book the away match travel using as many rail card users as possible. Those without rail cards will be given ample training in running to the motorway slip roads and advice on sticking ones thumb out (the use of girlfriends wearing revealing dress to assist in thumbing lifts is allowed). No travel on supporters coaches is allowed due to the risk of injury and possibility of arriving drunk bloated with food for away matches.
The press and media arrangements have been reviewed. Players making statements to the press are now expected to meet all payments and lunches to BN reporters the chairman will no longer be meeting these bills due to Mrs G requiring a new frock.
Up and out early Monday do not be late for your first exciting day back. Fresh and ready to meet the financial challenges ahead. Pocket money, luncheon vouchers and pension books accepted as payment for training fees at the gate.
Monday morning see you all there.
Phil & Neil
The Last Weekend
posted on 30/6/15
comment by Petrov: macaroni (U11848)
posted 13 hours, 41 minutes ago
Where does this none-sense come from.
------
I will say it again as it is not nonsense. It is called simple budget balancing and forward planning. Neither have clearly taken place. Premier League football is like winning the lottery for an English football team. To win the end up in debt would class you as an idiot. Ala Gartside.
----------------------------------------------------------------------
It is absolutely correct to say the debt level is too high. However it was circumstance at the time - we had a high period of success, which, despite what everybody believes wouldnt of been financial success, nothing of the sort, there is no profit to be made in the premier league unless your in the champions league.
We spent a load of money trying to stay in the premier league. it failed, it didnt fail because it was wrong to spend it, it just failed, sometimes it does.
If we hadnt of spent it, we would have gone down earlier
posted on 30/6/15
So explain the spending and debt rise since relegation. When every club knows going down their players have clauses in them to reduce their wage. Ours didn't
We have doubled the debt since going down and still not trading within our means we trade on borrowed and begged money with a return on savings made today of between 5 to 7 years so until then we lose more and unable to invest properly as we would expect the club to do.
We tried and failed to stay up by spending over 60m fine but that does not explain away the gross negligence of the board since relegation was confirmed in borrowing to such an extent to end up where we are. We are not trading in profit of one pound today so where is the loss being made up from ? borrowing by begging it says a lot when Barclays called in their debt the writing was on the wall before then since one bank has done it the rest follow all the club assets are at risk.
Going down earlier and sorting out the stall would have been the sensible business approach taken by many a well run company you do not gamble to the extent the board has done. The gamble is that what are the odds of surviving at present and when will we able to invest 1p into the club without worrying by adding it to the debt.
As I stated above promotion will mean nothing to the finances of the club in terms of day to day spend the only possible way of remaining in a higher league by investing in the team would have to come from negotiating the term of the debts extending the date when the club might once again be able to say it is trading sensibly and within its means with no financial risk to any aspects of the business.
Long ago and since I have stated find out who owes against what assets, what is owed to who and you will understand why I am often heard banging the drum on the rising debt. I was there when we had 10 days notice served last time around this is not 10 days notice it is 10 times worse.
I for one will not be the one seen crying and asking how could it have happened on Sky it would not surprise me if it happened tomorrow next week its look more a question not if but when. How long can the books be juggled for before the end comes. 200m is untenable for a championship club of our size fan base income and debt repayments it will take one hell of a miracle to escape this mess.
PG is the nominated chairman of the club it was his role to oversee all of this and call a halt to it. To take steps and implement measure and ensure we were ran with competence and trading within our means and debt levels. As a chairman in this current era he has failed miserably in his responsibilities. Why didn't swinging cuts come in once relegation had been confirmed if he had gambled once in trying to stay up he gambled twice on a return within three years with no guarantee of success and ultimately failed.
A chairman allowing any business to gamble in such a way should not be in any business.
posted on 30/6/15
Bolton gambled big time on getting promoted that first season down keeping most of the premier league squad. Also spent a lot that summer on big wages mills, andrews etc. Trouble was gartside kept coyle as manager. Looking back the cuts should have started the day after relegation. No new deals for davies, knight etc.
posted on 1/7/15
A lot of the debt rise was as a result of investment write downs, and i think it is fair to say the club tried to bounce back and kept on a lot of the higher earners.
Lets not forget the good things eh - Europe, Top Academy, stadium, facilities, community work, fixed prices for tickets.
We are in a cruel business - we went down by the slightest of Margins. If this doesnt happen, that tiny margin, we could well be having a very different conversation now.
You cant say we went down as a result of the result at stoke on that final day. However what kind of manager, when you are winning, takes of a midfielder i think it was, for a "lazy" striker. Its madness.
I for one dont see the debt as all that frightening - theres no nouse round our neck as some people believe. Eddie isnt going to pull the plug, because if he does, he will get nothing in return. Yes there is a period of re-building to be done, of course there is. Look at all the other clubs that where premier league staples and have had to re-build - Southampton, Derby, Forest. We are no different. I think its unfair to put all this on Gartside, who oversaw the most succesful period in our long long history, and by no means are we in the most unsuccesful period today. The club is trading within its means, thats all.
posted on 1/7/15
Unfair to lay it on Gartside you are having a laugh.
The chairman is responsible for overseeing a nightmare. We owe 200m how and when will it be paid back ? how do you rebuild it with zero profit and the books showing a daily loss we as supporters must ask when can we start to think of rebuilding the club and invest some money into it.
What contingency plan is in place should a critical event occur today or tomorrow. It is not all owed to Ed in person. What is owed to who what assets are securing those loans and when / how will it be repaid in the event of such a critical event.
Being in charge during a successful period does not in any way excuse the negligence in managing the fruits of that success to end up in the state we are now in.
You try and quote some clubs who have rebuilt yet forget to mention us. We rebuilt and reached great heights. A chairman who was there during that period should never have forgotten and lost sight of where we were back when he joined the club the anguish and long period it took to attain the great heights we eventually reached. What does our lunatic do he risks doing it all over again but worse.
The guy should not be in a job yet sits back while Rome burns drawing a substantial fee from the club.
posted on 1/7/15
How do you rebuild it with zero profit..............you cut costs, stop spending on transfer fees, cut cloth accordingly.....exactoy what we are doing..
posted on 1/7/15
So when will we be making a profit. You missed the bit where it says we are making a daily loss. We do not make one bean at this moment in time. The club is some way off being able to show an operating profit.
We do not have enough room to cut enough and reverse the situation interest on loans and deferred interest has to be paid.
If you cut cloth at BWFC accordingly you would cease to trade.
posted on 1/7/15
comment by Ye Olde Pasty (U2191)
posted 2 hours, 55 minutes ago
So when will we be making a profit. You missed the bit where it says we are making a daily loss. We do not make one bean at this moment in time. The club is some way off being able to show an operating profit.
We do not have enough room to cut enough and reverse the situation interest on loans and deferred interest has to be paid.
If you cut cloth at BWFC accordingly you would cease to trade.
----------------------------------------------------------------------
What interest do u refer to?
posted on 1/7/15
comment by Ye Olde Pasty (U2191)
posted 3 hours ago
So when will we be making a profit. You missed the bit where it says we are making a daily loss. We do not make one bean at this moment in time. The club is some way off being able to show an operating profit.
We do not have enough room to cut enough and reverse the situation interest on loans and deferred interest has to be paid.
If you cut cloth at BWFC accordingly you would cease to trade.
----------------------------------------------------------------------
Then whats the point eh. Miggt aswell give.it.all up and close the doors now
posted on 1/7/15
If you check back some time ago that is exactly what I and a few others said should be done. It is now too late to attempt that one as I do not believe it achievable in that way. Maybe the lease arrangements with a right to purchase of the stadium could be included today out of what was possible but gawd knows what has happened behind closed doors since then.
Rather than do the sensible thing back then Phil is now imping along hoping a miracle bigger than car boot sales might come along before the deck of cards is pushed over by forces beyond his control.