ToonTastic

Kitman you do realise this has all started because of you don't you

No of course not, I am however blaming the board for bringing in manager who has such little ability and caused these problems. Granted they backed the manager but they then can't blame manager purchases for the state of finances which they backed. Of course they can, but if that's your position it still indicates that a team manager isn't required, unless you're going to pile 100% credit on the Board when the manager gets it right, which is very unlikely as nobody would be thinking about the Board in that scenario. I'll be more than happy to praise the board if they bring in the correct manager. In this day and age a manager isn't there for player transfers and the like the problem is the board decided they would be the directors of football instead of bringing in someone to do the job.

Exactly, we went for a hollywood signing and broke the bank in terms of wages and transfer fees to get him rather than going for someone like Andy Johnstone who would have come into the squad and done a job for half the price. Owen was signed at the start of the season if you remember way before we knew how bad things really were going to get. We needed strikers yes but we were then left with the fact we had no replacement for Shearer cause we had no cash.

No.

No of course not, I am however blaming the board for bringing in manager who has such little ability and caused these problems. Granted they backed the manager but they then can't blame manager purchases for the state of finances which they backed.

No I think they come under team management total staff costs was £52m apparently which is up £2m on last year but then I think that's total staff costs including player wages.

Not 100% sure how the signing of Owen and playing 10 game prevented relegation, i think it was more the change of a manager which encouraged the players to push on. Owen so far has been a waste of money and I don't think anyone can argue that fact. Granted we weren't to know that but it's true. The club I have no doubts will not sack Roeder, thats not to say however that he will get a new contract. He was given a 2 year contract and I believe that is all he will get.

True I believe after this season the wage ratio will drop because of player sales but the problem is we are simply spending too much money. We spend over £3m getting shot of Souness. We spend over £2m a year on staff wages (non players) someone needs to go through the club and get rid of some of the daft spending cause I have no doubt in parts we are being run like leeds where they had something daft like 250,000 a year going out on fish. Looking at just the wage ratio isn't all we can do but look at the club debts, the club needs to start brining in the correct players who we know have a better chance of doing well and stop wasting cash. The statement actually says at the top that the board has the final say on player purchases so they are to blame if they agree to waste cash we don't have. Peter Risdale is a great example of this.

Yeah, not £146Billion. [/Pedantry] Ah right sorry, I did that cause I thought some people might have though 146,712 was just one hundred and forty six thousand seven hundred and twelve.

Nope £146m like I said I don't understand the current and non current stuff but that seems to be our total debt. Our assets are apparently worth £163m but then I'm not sure if that counts the likes of Luque as being worth 10.5m

Yes but it also says the stadium could be extended again. He couldn't really not make a statement about Belgravia he either says it's going to happen or it's not. Good news about N'zogbia though.

In fact I'm wrong but I don't really understand it enough to understand the difference. Apparently our total liabilities are £146,712m of which 67,686 is current and 79,026 is non current. Anyone care to explain that one ?

Yes but we are doing a shit job like I just said almost £80m in debt and breaking the bank on wages. They had no right to give out dividends so good job they havn't. We used to be able to cope with out debt if we didn't finish in Europe, I don't know how we could at the minute, the fans really are keeping the club in any sort of good financial position.

Christ on a bike, i thought the wages were bad. We now owe £79.26m out as loans and payments to players. Looks like we can't afford to not make Europe this season. Also looks like we can't afford to buy players in January if this is the state of our finances. We're in a right mess.

Oh dear, I predict another 20 page thread once NE5 and Macbeth get going on this Don't see much problem discussing the clubs finances ?

I do however see something very bad, the wages to revenue ratio is getting worse we are now paying out 63% on wages, we used to run the club better than this.

Do my eyes decieve me "The board is not proposing a dividend at this time" I expect this to change.

We got a far bit from the sale of Jenas remember and with the increase in sponsership we can cover our backs a bit.

I'm always impressed at how the club always try and say we've done brilliant on the finances front even when we've done crap, always makes me smile Shepherd out !!

For what reason ?

Think maybe your gates are a little out, with intertoto, and a decent enough European run so far surely that will increase Gate revenue, maybe not to the 2005 standards but still there or there abouts.

Me to, Roeder said yesterday it was a risk him playing any part in todays game, now today has come ticket sales are down and all of a sudden its okay for him to play a part.

It's a direct debit just cancel it and send any tickets back if they send them to you still

that and spelling Belgravia

I don't think people are getting where Invicta_Toon is coming from. I believe he wants shot of FF like the rest of us, he just don't want the BVelgravia group to take over. I might be wrong mind.