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Investment on the Horizon? (7 Viewers)

  • Thread starter Malaka
  • Start date Nov 19, 2016
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torchomatic

Well-Known Member
  • Dec 21, 2016
  • #1,576
Brylowes said:
I agree, I think it's a decent appointment, I also think you will be one of, if not the first
To jump on his back when it inevitably goes wrong, the problems at this club run much
Deeper than the manager.
Click to expand...

Nope, not me.
 

Brylowes

Well-Known Member
  • Dec 21, 2016
  • #1,577
torchomatic said:
Nope, not me.
Click to expand...
Sorry Torch I was responding to Grendels post, I pressed reply to the wrong post,this
Was the one.
Grendel said:
Yep here is the first one
Click to expand...
 
Reactions: torchomatic

Grendel

Well-Known Member
  • Dec 21, 2016
  • #1,578
Brylowes said:
Sorry Torch I was responding to Grendels post, I pressed reply to the wrong post,this
Was the one.
Click to expand...

He's overblown shite anyway according to Super Scoop Gilbert
 
Reactions: torchomatic

torchomatic

Well-Known Member
  • Dec 21, 2016
  • #1,579
Grendel said:
He's overblown shite anyway according to Super Scoop Gilbert
Click to expand...

And when is he ever wrong?
 

Brylowes

Well-Known Member
  • Dec 21, 2016
  • #1,580
Grendel said:
He's overblown shite anyway according to Super Scoop Gilbert
Click to expand...
Well then, that's gonna be a bit awkward for you in a few months time, what with
You being in the same camp as Gilbert.
 

singers_pore

Well-Known Member
  • Dec 21, 2016
  • #1,581
There are many ways to take money out of a business without it showing up in the published accounts. I don't have proof that SISU have done this. Likewise there is no proof that they haven't done it. I am just providing a bit of balance to the discussion given that Nick, Torch et al always say "have you checked the accounts - ask OSB" every time someone suggests the possibility that SISU are taking money out of the club. Fact is nobody knows, and nobody will know without access to the detailed transactional data. However, you do have to ask yourselves why our players are so shit given that our staff costs in the accounts are relatively high compared to many other L1 clubs. Either we are spending too much on shit players or the staff costs number reflects expenses other than what is being spent on player wages.
 
Last edited: Dec 21, 2016
Reactions: Wheelfass, Captain Dart, Brylowes and 3 others

Nick

Administrator
  • Dec 21, 2016
  • #1,582
singers_pore said:
There are many ways to take money out of a business without it showing up in the published accounts. I don't have proof that SISU have done this. Likewise there is no proof that they haven't done it. I am just providing a bit of balance to the discussion given that Nick, Torch et al always say "have you checked the accounts - ask OSB" every time someone suggests the possibility that SISU are taking money out of the club. Fact is nobody knows, and nobody will know without access to the detailed transactional data. However, you do have to ask yourselves why our players are so shit given that our staff costs in the accounts are relatively high compared to many other L1 clubs. Either we are spending too much on shit players or the staff costs number reflects expenses other than what is being spent on player wages.
Click to expand...

Staff costs isn't just players is it?
 

singers_pore

Well-Known Member
  • Dec 21, 2016
  • #1,583
Nick said:
Staff costs isn't just players is it?
Click to expand...

No it's not. But players should make up the vast majority of those costs.
 
W

wingy

Well-Known Member
  • Dec 21, 2016
  • #1,584
singers_pore said:
No it's not. But players should make up the vast majority of those costs.
Click to expand...
Well I'm not the only one to point out the differences to other clubs.
So I wonder If some of the it is to do with paying off previous management?
 
Reactions: Deleted member 5849, Captain Dart and martcov

Nick

Administrator
  • Dec 21, 2016
  • #1,585
wingy said:
Well I'm not the only one to point out the differences to other clubs.
So I wonder If some of the it is to do with paying off previous management?
Click to expand...

I think somebody did say paying off Pressley and his staff was a nice chunk so could have been that.
 

mrtrench

Well-Known Member
  • Dec 21, 2016
  • #1,586
Nick said:
Staff costs isn't just players is it?
Click to expand...

Nope. I knocked a spreadsheet when I first saw the numbers. Even with the most outrageous assumptions I couldn't get close to the costs in the accounts.

Cannot prove a thing; have no evidence; but I smell a rat.
 
Reactions: Wheelfass, cov soul, Sky Blue Kid and 5 others

Brylowes

Well-Known Member
  • Dec 21, 2016
  • #1,587
Nick said:
Staff costs isn't just players is it?
Click to expand...
But it's not like we own a stadium and/or acadamy is it, so therefore we don't incur any Of the
associated staff costs that we would if we did.
Ticketing is outsourced, F&B enough said, car parking outsourced, merchandise outsourced,
A club shop the size of a broom cupboard, and a dwindling amount of stewards to watch over
A dwindling number of supporters.
So I wouldn't think we could be considered over laden with staff.

Also I'd have to say I find it puzzling, that anyone would find the thought of SISU being less
Than honest, hard to believe.
 
Reactions: Sky Blue Kid and singers_pore
B

Broken Hearted Sky Blue

Well-Known Member
  • Dec 21, 2016
  • #1,588
I think this is outrageous of course you can't hide anything in accounts, mind you did hear of an administrator who couldn't find something he actually knew was there somewhere. However can't remember what company this was. Wonder if anybody else remembers ?
 
Reactions: Iancro, Sky Blue Kid, montydon87 and 1 other person

Nick

Administrator
  • Dec 21, 2016
  • #1,589
So there is now fraud going on? Surely it's something for the local media to dig into?
 
Reactions: cov soul

Irish Sky Blue

Well-Known Member
  • Dec 21, 2016
  • #1,590
torchomatic said:
SISU weren't off anyway, so this is a GOOD thing. No need to be sad or negative. Surely, you want what is best for your football club?
Click to expand...
What would be best for my football club is for the owners to leave and someone who actually cares about them to take over. Someone like Russell Slade could actually come in and stand some chance of succeeding. Wouldn't you agree? At the moment I would think his primary aim would be to keep us in this division. In the light of Fishers comments about probable sales, I think it will be hard for him.Like I said, papering over the cracks.
 
Reactions: dongonzalos

letsallsingtogether

Well-Known Member
  • Dec 21, 2016
  • #1,591
Nick said:
So there is now fraud going on? Surely it's something for the local media to dig into?
Click to expand...
Fuck me not another CT turning thread?
 
Reactions: Sky Blue Kid and singers_pore

letsallsingtogether

Well-Known Member
  • Dec 21, 2016
  • #1,592
Grendel said:
He's overblown shite anyway according to Super Scoop Gilbert
Click to expand...
Well at least you'll have something to agree on.
 
Reactions: Brylowes
B

Broken Hearted Sky Blue

Well-Known Member
  • Dec 21, 2016
  • #1,593
Nick said:
So there is now fraud going on? Surely it's something for the local media to dig into?
Click to expand...
I haven't read the whole thread but from what I have read you're the only one that's mentioned fraud.
 

Nick

Administrator
  • Dec 21, 2016
  • #1,594
Broken Hearted Sky Blue said:
I haven't read the whole thread but from what I have read you're the only one that's mentioned fraud.
Click to expand...
Surely it is if they are taking money out and claiming it's staff wages like suggested?
 
B

Broken Hearted Sky Blue

Well-Known Member
  • Dec 21, 2016
  • #1,595
Nick said:
Surely it is if they are taking money out and claiming it's staff wages like suggested?
Click to expand...
Depends if the people any money is going to are"staff" but then again I'm not saying it is
 
Reactions: singers_pore

mark82

Super Moderator
  • Dec 21, 2016
  • #1,596
idm1975 said:
Did he say that's what your beloved sisu are doing?
Click to expand...

Genuine question... Are you that dumb that you believe the shit you are spouting here or are you on the wind up?
 
Reactions: robbiekeane

chiefdave

Well-Known Member
  • Dec 22, 2016
  • #1,597
I'm sure we've been through this before but what is now being claimed to be taken out.

Looking at the latest accounts (year ending 31 May 2015) there's £5.2m in staff costs (including directors). £4.3m of that was wages. That covers 414 employees of which 105 are players, coaches etc.

Directors pay, Fisher, Waggott, Anderson and Labovich for the period these accounts covered, was £144K.

Sure someone can dig out a quote from someone about what the player budget was for 14/15 (although the season doesn't run exactly in line with the accounts so it will include some 13/14).

The question would be why, when the accounts show they are entitled to take millions out but haven't, would they be instead be sneaking money out and quite possibly committing fraud.
 

skybluetony176

Well-Known Member
  • Dec 22, 2016
  • #1,598
chiefdave said:
I'm sure we've been through this before but what is now being claimed to be taken out.

Looking at the latest accounts (year ending 31 May 2015) there's £5.2m in staff costs (including directors). £4.3m of that was wages. That covers 414 employees of which 105 are players, coaches etc.

Directors pay, Fisher, Waggott, Anderson and Labovich for the period these accounts covered, was £144K.

Sure someone can dig out a quote from someone about what the player budget was for 14/15 (although the season doesn't run exactly in line with the accounts so it will include some 13/14).

The question would be why, when the accounts show they are entitled to take millions out but haven't, would they be instead be sneaking money out and quite possibly committing fraud.
Click to expand...

Was fisher getting paid for that period or is fisher not being paid a more recent event? Pretty sure not being a paid director was something Labovich always claimed as well.
 

singers_pore

Well-Known Member
  • Dec 22, 2016
  • #1,599
It's possible that Fisher is getting "deferred compensation" in the form of a pension and this is being accounted for as staff costs. That would also explain why he is still hanging around unless he's doing it purely out of love for the super sky blues. If the compensation is deferred it would also explain why Fisher says he hasn't taken a penny out of the club since 2015. Technically that statement would be true but ethically it would be extremely misleading.

Next time the accounts come out it will be interesting to compare the net income with net operating cash flows. If the theory is correct we will see positive operating cash flows and negative net income. BTW - this doesn't necessarily imply fraud, although I wouldn't rule that out either.
 
Reactions: Wheelfass, cov soul and Brylowes

singers_pore

Well-Known Member
  • Dec 22, 2016
  • #1,600
Nick said:
So there is now fraud going on? Surely it's something for the local media to dig into?
Click to expand...

Ok, genius. How do you suggest the CT do that? Rock up to Ryton and demand to see the books?

Your relentless obsession with the CT is embarrassing.
 
Reactions: letsallsingtogether, rondog1973, Sky Blue Kid and 2 others

Captain Dart

Well-Known Member
  • Dec 22, 2016
  • #1,601
singers_pore said:
It's possible that Fisher is getting "deferred compensation" in the form of a pension and this is being accounted for as staff costs. That would also explain why he is still hanging around unless he's doing it purely out of love for the super sky blues. If the compensation is deferred it would also explain why Fisher says he hasn't taken a penny out of the club since 2015. Technically that statement would be true but ethically it would be extremely misleading.

Next time the accounts come out it will be interesting to compare the net income with net operating cash flows. If the theory is correct we will see positive operating cash flows and negative net income. BTW - this doesn't necessarily imply fraud, although I wouldn't rule that out either.
Click to expand...

Well I noticed that an item entitled 'other pension costs' jumped from £19.5K in 2014 to £337.5K in the 2015 accounts, why?
 
Reactions: Wheelfass, cov soul, cloughie and 1 other person

singers_pore

Well-Known Member
  • Dec 22, 2016
  • #1,602
Captain Dart said:
Well I noticed that an item entitled 'other pension costs' jumped from £19.5K to £337.5K in the last accounts, why?
Click to expand...

Yes, I noticed that as well, which is the reason for my skepticism.
 
Reactions: Wheelfass

Brylowes

Well-Known Member
  • Dec 22, 2016
  • #1,603
chiefdave said:
I'm sure we've been through this before but what is now being claimed to be taken out.

Looking at the latest accounts (year ending 31 May 2015) there's £5.2m in staff costs (including directors). £4.3m of that was wages. That covers 414 employees of which 105 are players, coaches etc.

Directors pay, Fisher, Waggott, Anderson and Labovich for the period these accounts covered, was £144K.

Sure someone can dig out a quote from someone about what the player budget was for 14/15 (although the season doesn't run exactly in line with the accounts so it will include some 13/14).

The question would be why, when the accounts show they are entitled to take millions out but haven't, would they be instead be sneaking money out and quite possibly committing fraud.
Click to expand...
So in 14/15 we had 309 employees, other than players and coaches, that seems a lot
what do they all do, most of them would be part time I guess Stewards etc.
 
T

Tonylinc

Well-Known Member
  • Dec 22, 2016
  • #1,604
Management costs by a different name????/
 
T

Tonylinc

Well-Known Member
  • Dec 22, 2016
  • #1,605
Mind you don't tell Grendull.........he is of the opinion that they do it for free.
 
Reactions: Sky Blue Kid

Captain Dart

Well-Known Member
  • Dec 22, 2016
  • #1,606
Brylowes said:
So in 14/15 we had 309 employees, other than players and coaches, that seems a lot
what do they all do, most of them would be part time I guess Stewards etc.
Click to expand...
 

Attachments

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Brylowes

Well-Known Member
  • Dec 22, 2016
  • #1,607
Captain Dart said:
View attachment 6118
Click to expand...
Cheers. Anyone know what a steward earns per match.
I would have guessed about £60 - £90 but don't know.
 
B

Broken Hearted Sky Blue

Well-Known Member
  • Dec 22, 2016
  • #1,608
Brylowes said:
Cheers. Anyone know what a steward earns per match.
I would have guessed about £60 - £90 but don't know.
Click to expand...
4 or 5 hours at minimum wage I suspect
 

Captain Dart

Well-Known Member
  • Dec 22, 2016
  • #1,609
Brylowes said:
Cheers. Anyone know what a steward earns per match.
I would have guessed about £60 - £90 but don't know.
Click to expand...
£8/hr for about 4-5 hrs, so something like £40. (£8/hr from a Wasps advert)
But how many per match, I guess it ain't 289 every match, more like 150 max.
So that adds up to £40x150stewartsx30matches = £180K, shall we call it £250K absolute tops.
 

Brylowes

Well-Known Member
  • Dec 22, 2016
  • #1,610
Broken Hearted Sky Blue said:
4 or 5 hours at minimum wage I suspect
Click to expand...
Captain Dart said:
£8/hr for about 4-5 hrs, so something like £40. (£8/hr from a Wasps advert)
But how many per match, I guess it ain't 289 every match, more like 150 max.
So that adds up to £40x150stewartsx30matches = £180K, shall we call it £250K absolute tops.
Click to expand...
So at £50 each per game over 30 games, that's roughly £400.000 per season.
 
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