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Post by interceptor on Apr 3, 2016 7:27:01 GMT
I wondered, since the miracle happened, what our crowd break even is now.
Assuming the old board took some kind of salary, that will have disappeared. There are more non playing staff now, many of whom will be on big money because they are big hitters.
I suspect the Al Qadi family will not draw anything other than possibly expenses, they will do the very best for the club, this leads me to assume an increase in non playing wages.
Given that crowds have surged up, and I recon the last few home games will be min 9,000 to capacity (and none which would require a large police presence), in theory, we should be now profitable.
If this were the case and we get promotion, next season crowds will swell again. As long as the wage bill does not skyrocket and rovers make a decent fist of 1st div football.........might we now be supporting a profitable club?
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Post by o2o2bo2ba on Apr 3, 2016 7:42:06 GMT
Corporate and hospitality are (and have been) sold out.
The club's commercial department works flat out to maximise revenue brought in, and sponsorship interest swells with our on field success.
It's great to see crowds back, they obviously contribute too.
And season tickets for next year seem to be on the increase.
All these incidents go towards the bread and butter of the club, but I would genuinely be surprised if we broke even or made profit. I just feel it's too little, too late. If we hit the ground running from the start of the season, maybe.
We've done remarkably well, and hats off to everyone who's been involved. I just see us as non profit making organisation at the moment..
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Deleted
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Post by Deleted on Apr 3, 2016 8:09:48 GMT
I wondered, since the miracle happened, what our crowd break even is now. Assuming the old board took some kind of salary, that will have disappeared. There are more non playing staff now, many of whom will be on big money because they are big hitters. I suspect the Al Qadi family will not draw anything other than possibly expenses, they will do the very best for the club, this leads me to assume an increase in non playing wages. Given that crowds have surged up, and I recon the last few home games will be min 9,000 to capacity (and none which would require a large police presence), in theory, we should be now profitable. If this were the case and we get promotion, next season crowds will swell again. As long as the wage bill does not skyrocket and rovers make a decent fist of 1st div football.........might we now be supporting a profitable club? You say that you are assuming that the old board took a salary and that the new board will not,but we don't know that do we ?.
I think that in your last sentence you hit the nail on the head regarding crowds if 'Rovers make a decent fist of 1st div football'. I think that history shows that crowds are bigger in a lower division watching a winning team than in a higher division where they struggle.
I like to see the beautiful game played beautifully,but sadly it seems that winning is the key to dragging in crowds,how many times do we see "a scrappy 1-0 win will do me" written on this forum?,not to say those people are wrong, after all they pay to watch games.
So will Rovers be a profitable club ?,I would think that they will either break even this season or a small loss but they could be profitable next season in either the 1st ( hopefully) or the 2nd division if they are top half and winning home games.
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Post by CountyGroundHotel on Apr 3, 2016 9:29:39 GMT
I don't believe the old board got paid, there was basically no money to pay them with. Since the new owners have arrived they've employed a lit of people and only got rid of twatola so I have to presume costs have gone up since they arrived. As to next season if we get promoted (fingers firmly crossed) players wages will have to increase but I don't forsee crowds increasing over what they are now(perhaps with a good season, and that's a big ask, the average may increase). In summary I'd say if we haven't made a profit (if you exclude the Wonga loan which was a one off cost hopefully not to be repeated) this season we'll never make a profit whilst at the Mem.
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Peter Parker
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Post by Peter Parker on Apr 3, 2016 9:37:26 GMT
Watola was the only one that got paid as far as i know
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Post by fanatical on Apr 3, 2016 10:04:21 GMT
Watola was the only one that got paid as far as i know Quite right , BUT the Board members received interest on their loans/bonds of between 2.5 and 4% which is a considerable saving now. |
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Peter Parker
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Post by Peter Parker on Apr 3, 2016 10:58:06 GMT
Watola was the only one that got paid as far as i know Quite right , BUT the Board members received interest on their loans/bonds of between 2.5 and 4% which is a considerable saving now. Did they, i am.sure Geoff said he never took any interest on his loans |
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Post by PeterHooper57 on Apr 3, 2016 11:17:41 GMT
I was under the impression Wael had paid off all the club debt, so essentially the club should be making considerably more profit than simply making an allowance for an increase in head count on the gate; I am no accountant, Wael and his family own a bank, they know what they are doing, I am so glad the club is no longer being run by Higgsie, Boycie and tony-the-till. UTG
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Post by fanatical on Apr 3, 2016 11:52:41 GMT
Quite right , BUT the Board members received interest on their loans/bonds of between 2.5 and 4% which is a considerable saving now. Did they, i am.sure Geoff said he never took any interest on his loans Ask him again |
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Post by CountyGroundHotel on Apr 3, 2016 11:59:10 GMT
I was under the impression Wael had paid off all the club debt, so essentially the club should be making considerably more profit than simply making an allowance for an increase in head count on the gate; I am no accountant, Wael and his family own a bank, they know what they are doing, I am so glad the club is no longer being run by Higgsie, Boycie and tony-the-till. UTG You may well not be an accountant but you must have noticed all the new names being employed. Are they doing the work for free, out of some charitable reason? |
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Post by Deleted on Apr 3, 2016 13:00:27 GMT
I was under the impression Wael had paid off all the club debt, so essentially the club should be making considerably more profit than simply making an allowance for an increase in head count on the gate; I am no accountant, Wael and his family own a bank, they know what they are doing, I am so glad the club is no longer being run by Higgsie, Boycie and tony-the-till. UTG You may well not be an accountant but you must have noticed all the new names being employed. Are they doing the work for free, out of some charitable reason? Employing professional people costs money. Of course, Barry will probably turn up for free and argue with fans in a dark room with a carpet that stinks of beer about putting half a dozen t-shirts in the shop until they decide it's pointless and all give up. |
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Post by Peter Parker on Apr 3, 2016 13:55:25 GMT
Did they, i am.sure Geoff said he never took any interest on his loans Ask him again So Geoff hasnt been entirely honest? I wont say lied as i dont want to get in trouble  |
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Post by Deleted on Apr 3, 2016 14:39:53 GMT
I wondered, since the miracle happened, what our crowd break even is now. Assuming the old board took some kind of salary, that will have disappeared. There are more non playing staff now, many of whom will be on big money because they are big hitters. I suspect the Al Qadi family will not draw anything other than possibly expenses, they will do the very best for the club, this leads me to assume an increase in non playing wages. Given that crowds have surged up, and I recon the last few home games will be min 9,000 to capacity (and none which would require a large police presence), in theory, we should be now profitable. If this were the case and we get promotion, next season crowds will swell again. As long as the wage bill does not skyrocket and rovers make a decent fist of 1st div football.........might we now be supporting a profitable club? You say that you are assuming that the old board took a salary and that the new board will not,but we don't know that do we ?.
I think that in your last sentence you hit the nail on the head regarding crowds if 'Rovers make a decent fist of 1st div football'. I think that history shows that crowds are bigger in a lower division watching a winning team than in a higher division where they struggle.
I like to see the beautiful game played beautifully,but sadly it seems that winning is the key to dragging in crowds,how many times do we see "a scrappy 1-0 win will do me" written on this forum?,not to say those people are wrong, after all they pay to watch games.
So will Rovers be a profitable club ?,I would think that they will either break even this season or a small loss but they could be profitable next season in either the 1st ( hopefully) or the 2nd division if they are top half and winning home games.
1-0 wins will do for me, if I wanted artistry I'd watch the Harlem Globetrotters instead. |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Apr 3, 2016 18:42:41 GMT
I wondered, since the miracle happened, what our crowd break even is now. Assuming the old board took some kind of salary, that will have disappeared. There are more non playing staff now, many of whom will be on big money because they are big hitters. I suspect the Al Qadi family will not draw anything other than possibly expenses, they will do the very best for the club, this leads me to assume an increase in non playing wages. Given that crowds have surged up, and I recon the last few home games will be min 9,000 to capacity (and none which would require a large police presence), in theory, we should be now profitable. If this were the case and we get promotion, next season crowds will swell again. As long as the wage bill does not skyrocket and rovers make a decent fist of 1st div football.........might we now be supporting a profitable club? One step at a time is my view. Whilst I agree with what you say, I don't see football in anyway a profit led business. It only gets to that point with the big TV income and yet most of the behemoth clubs actually work on a payment of interest. Lone would assume that regardless of being promoted that next season will see players want better contracts and playing wages go up plus there will be, no doubt of it, a few new faces in the door. Unless DC can unearth more diamonds in the rough then I anticipate some bigger wages being paid and even a name or two coming to the club i would love to think we could be a profit making club but I find it very difficult to see that being a reality |
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Post by CountyGroundHotel on Apr 3, 2016 19:46:26 GMT
You may well not be an accountant but you must have noticed all the new names being employed. Are they doing the work for free, out of some charitable reason? Employing professional people costs money. Of course, Barry will probably turn up for free and argue with fans in a dark room with a carpet that stinks of beer about putting half a dozen t-shirts in the shop until they decide it's pointless and all give up. Not sure what point you are making (nothing new there). Professional people do cost money some bring in more money than they cost & a lot don't. I'm talking about the here & now and you seem to be living in the past. |
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Post by Deleted on Apr 3, 2016 20:27:29 GMT
Employing professional people costs money. Of course, Barry will probably turn up for free and argue with fans in a dark room with a carpet that stinks of beer about putting half a dozen t-shirts in the shop until they decide it's pointless and all give up. Not sure what point you are making (nothing new there). Professional people do cost money some bring in more money than they cost & a lot don't. I'm talking about the here & now and you seem to be living in the past. Not living in the past, quite the opposite. I'm looking at the CVs of Wael's team and am delighted that he's assembling a team of experienced professionals with a track record of delivering projects. I hope we are paying them well. |
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Post by CountyGroundHotel on Apr 3, 2016 20:54:23 GMT
Not sure what point you are making (nothing new there). Professional people do cost money some bring in more money than they cost & a lot don't. I'm talking about the here & now and you seem to be living in the past. Not living in the past, quite the opposite. I'm looking at the CVs of Wael's team and am delighted that he's assembling a team of experienced professionals with a track record of delivering projects. I hope we are paying them well. Oddly why do you keep bringing up the past then? As to your question I'm sure we are (well I'm presuming it's a question as it wasn't a statement). |
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Deleted
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Post by Deleted on Apr 3, 2016 21:02:56 GMT
Not living in the past, quite the opposite. I'm looking at the CVs of Wael's team and am delighted that he's assembling a team of experienced professionals with a track record of delivering projects. I hope we are paying them well. Oddly why do you keep bringing up the past then? As to your question I'm sure we are (well I'm presuming it's a question as it wasn't a statement). Either find a point to debate or find someone else to play your silly games with, I'm not interested. |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Apr 4, 2016 9:57:11 GMT
Oddly why do you keep bringing up the past then? As to your question I'm sure we are (well I'm presuming it's a question as it wasn't a statement). Either find a point to debate or find someone else to play your silly games with, I'm not interested. I do sometimes wonder why CGH seems to be hostile when posting as, otherwise, can make some decent points. Like Lord justice gashead, I don't understand the sometimes confrontational stuff ? |
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Post by steviegas on Apr 4, 2016 11:15:30 GMT
I was under the impression Wael had paid off all the club debt, so essentially the club should be making considerably more profit than simply making an allowance for an increase in head count on the gate; I am no accountant, Wael and his family own a bank, they know what they are doing, I am so glad the club is no longer being run by Higgsie, Boycie and tony-the-till. UTG I thought the debt had been paid off too and I thought I heard this very shortly after the Al-Qadi's took over so you are not the only one who thinks this. |
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