oldskyblue58
CCFC Finance Director
if it were a thoroughbred used to racing at Epsom it would be shot because of two broken legs
if viewed as a family pony used to gymkhana's then you try to save it for the kids
SBS&L accounts 2016 (1 Viewer)
- Thread starter oldskyblue58
- Start date
if it were a thoroughbred used to racing at Epsom it would be shot because of two broken legs
if viewed as a family pony used to gymkhana's then you try to save it for the kids
oldskyblue58
CCFC Finance Director
Look forward to the years we're able to do that?
they could do it now they are below the turnover and asset limits
Could take a well earned rest then ........ and probably get bored (may be not
)
Earlsdon_Skyblue1
Well-Known Member
Forgive me, but I'm lost.
Surely there is no reason why Andre Wright couldn't have been the new Adam Armstrong, there can't have been much comparison on wages could there?
If anything it points to his one successful transfer window as more luck than skill. As Nick says, if the budget was a lot lower, why was he chasing Kevin Wilson etc?
I don't think Mowbray gets off any lighter i'm afriad (unless I misunderstood you, apoloiges if so).
skybluetony176
Well-Known Member
Maybe he was promised money and when it was required said promise was reneged upon. That would certainly make the most sense.
Like you said he signed Jones early doors. Something obviously changed between the Jones loan prior to signing agreement to a point in the transfer window. My guess is that the change of direction came after the Sordell signing. After that it was like our ambition for signings changed. There had to be a reason and it wasn't because we had a top of the table budget like some were insisting. The signs to say otherwise were always there.
Kingokings204
Well-Known Member
Tony mowbray wasn't given the tools for the job. He was the right man with the wrong tools. He was the best thing this club has had for many years. He has both hands tied behind his back at the end of the day. He performed a miracle and still gutted he isn't here and got a job in a better league than us. We missed a trick and no I'm not cc4l.
Accounts are really grim and our football is slowly dying it would seem and so reliant on player sales etc that it's waiting to pop.
Accounts are really grim and our football is slowly dying it would seem and so reliant on player sales etc that it's waiting to pop.
oldskyblue58
CCFC Finance Director
I think the finances certainly contributed to the poor recruitment, but you can not excuse the bad choices by Mowbray and the side kick Venus. Other clubs have put together better teams on smaller budgets
He may also have been waiting for ST funds, which he may have thought would be higher.
albatross
Well-Known Member
think there's more to this than just a few ££ notes. Its now got to the point of who might want to come here if they have other options.
Doom and gloom on the pitch with no standout performers.... Doom and gloom off the pitch...... with just one notable performer for all the wrong reasons
Always get worried when I see the going concern statement in any accounts...
Nick
Administrator
He was chasing high profile players at the end of the window too.
He also signed Jones, bought Turnbull and players like sordell and reid which will have been on a decent wage.
At what point did it change? He got reid and bought Turnbull after sordell
Nick
Administrator
He has just as good tools and resources as other teams who have shown us up. Granted not the likes of sheff utd but the lower teams.
If working on a tight budget is hands tied, then it would be the case at most lower league clubs.
oldskyblue58
CCFC Finance Director
one thing that puzzles me is the £800k withholding tax cost. That's seems a very big figure just for the one year. I thought the rate was 20% ?
blueflint
Well-Known Member
if you look at the teams near us in the league how many have changed more than half the squad each year
because longer term contracts give stability wheres ours
skybluetony176
Well-Known Member
I have no idea. You can fight SISU's corner as much as you like but I'm convinced something happened or to be more accurate didn't happen at some point in the transfer window. The stuttering in the window was one pointer, not turning up for the Rugby Town friendly was another. I stood by the dug out that evening and there was definitely an atmosphere, I wouldn't actually be at all surprised if it turned out that TM was about to walk at that point but was talked out of it. The optimism went in the summer for some reason. If it comes out in his autobiography remember you heard it here first.
Nick
Administrator
Who is fighting any ones corner? I pointed out the signings he made after sordell including buying somebody.
I also pointed out at the end of the window he was chasing players above our level and not going for stokes types.
If there was no budget, it makes his decisions look even worse.
Kingokings204
Well-Known Member
Very true Nick but the point is we had a very good manager and didn't give him the right tools. If we had a tight budget then appoint appropriately as mowbray wouldn't of been cheap. It's like me a shit driver driving a Ferrari. No point.
skybluetony176
Well-Known Member
Most lower league clubs aren't owned by a toxic hedge fund that poison them from top to bottom. That's a set of titanium handcuffs on their own.
Nick
Administrator
If he was a very good manager he would have been able to beat somebody else round the track even if he had a bit of a power disadvantage surely?
chiefdave
Well-Known Member
Planning to not be at the Ricoh is probably the most positive conclusion to draw from that. There's another much more concerning conclusion that could be made.
skybluetony176
Well-Known Member
Who knows but whatever it is it isn't a big enough advantage to get over all the other disadvantages the club has due to the way it's been ruined, sorry I meant run over recent years. Two relegations haven't happened by accident.
letsallsingtogether
Well-Known Member
What the fuck is positive about it.
Fucking off back to Nothampton or some where similar......
Or are we going to build that new stadium with this year's profits?
trevelfarandwide
Well-Known Member
Absolutely correct.
Also, and I believe I can confidently speak for all of us here, if we as a fanbase take our club back (a la Portsmouth) I'd very much like to see oldskyblue58 installed as Chairman. Sir, your business proficiency and depth of ability in business is quite astounding.
Most of what you said left me cross eyed though, so I'm glad you threw in the "all SISU have done is slow down the losses" bit. My E in business studies speaks for itself.
chiefdave
Well-Known Member
The other conclusion would be that they are planning for the club not to exist at the end of the current deals.
letsallsingtogether
Well-Known Member
Yes I realise that what is positive about that
Owls losses widen but play-off run boosts turnover
1 Mar 2017 Yorkshire
Losses have doubled in the latest accounts for Sheffield Wednesday although the promotion-chasing club enjoyed a surge in turnover after reaching the play-off final last season.
In accounts published this morning, Sheffield Wednesday made a pre-tax loss of £9.8m, up from £4.5m a season earlier. Operating losses rose from £3.9m to £9.7m over the same period.
However, turnover for the year rose by £7.1m to £22m as the club reached the Championship play-off final at Wembley, increased average league attendance from 21,997 to 22,641 and improved revenue generated by commercial activities.
The Owls finished sixth in the Championship in 2015/16, an improvement on the 13th place they achieved in the previous campaign.
A reliance on chairman Dejphon Chansiri to meet obligations led to the inclusion of a warning note from auditors about the club's ability to continue as a going concern should the situation change, although the Thai businessman has confirmed his support.
The existence of "material uncertainty" is not uncommon in football club accounts as many rely on the support of a beneficial owner.
I think you will find that Mowbray said he had sufficient funds - it was his choices using those funds that failed!
The Reverend Skyblue
Well-Known Member
They got just 70,000 for that playoff final, that's pretty poor I'm sure we would get 50,000 alone if we ever got there.
The tin pot final may exceed that.
The tin pot final may exceed that.
Rusty Trombone
Well-Known Member
So I guess what you're saying is that the plan to get a statue of Joy is back on.
skybluetony176
Well-Known Member
Could they be rolling it forward so it becomes someone else's (new owners maybe?) liability?
Sky Blue Harry H
Well-Known Member
One thing that I find odd, is the potential 'interference' caused by TF / whoever (if there is any) over the football side around selection e.g. Can Bigi not be picked because it will trigger a contract extension. Part of me understands the stance (and Grendel certainly would), but it sends out all sorts of wrong messages within the squad re: instability (as if they needed reminding), We really do need some old Wimbledon style (everybody's against us) mentality to be generated among the squad. But that can only come from leadership that is pulling in the right/same direction. A line needs to be drawn in the sand 'here and no further', rather than a continuing cutting of everything on a balance sheet. Pay peanuts....
skybluetony176
Well-Known Member
Owls losses widen but play-off run boosts turnover
1 Mar 2017 Yorkshire
Losses have doubled in the latest accounts for Sheffield Wednesday although the promotion-chasing club enjoyed a surge in turnover after reaching the play-off final last season.
In accounts published this morning, Sheffield Wednesday made a pre-tax loss of £9.8m, up from £4.5m a season earlier. Operating losses rose from £3.9m to £9.7m over the same period.
However, turnover for the year rose by £7.1m to £22m as the club reached the Championship play-off final at Wembley, increased average league attendance from 21,997 to 22,641 and improved revenue generated by commercial activities.
The Owls finished sixth in the Championship in 2015/16, an improvement on the 13th place they achieved in the previous campaign.
A reliance on chairman Dejphon Chansiri to meet obligations led to the inclusion of a warning note from auditors about the club's ability to continue as a going concern should the situation change, although the Thai businessman has confirmed his support.
The existence of "material uncertainty" is not uncommon in football club accounts as many rely on the support of a beneficial owner.
Who's our beneficial owner then? We're owned by a hedge fund not a billionaire. That's a big difference.
