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Post by JohnInglisIsGod on Apr 26, 2010 14:38:19 GMT
The board have stipulated in the press that there is going to be no change in the budget for next season Does this mean we have a new income stream? Have we made cuts in other areas but tleft the playing budget the same? Or does it mean that we intend to continue overspending even tho' in theory we have now cleared the outstanding debts?
I am all in favour of being able to get the best players we can afford and retain the best players we already have but I would not like to see the club slip into more debt at the expense of players wages. I am pleased for Carl and with the board that they have already clearly stated the budget for next season so Carl can begin talks with players he has identified but I just hope that the budget set is one we can live within.....
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Deleted
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Post by Deleted on Apr 26, 2010 14:46:45 GMT
"I just hope that the budget set is one we can live within....." Agreed, but isn't this budget the reduced one that was put in place after Boddy was relieved of his responsibilities? It's fairly low anyway I believe.
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Post by JohnInglisIsGod on Apr 26, 2010 15:13:37 GMT
"I just hope that the budget set is one we can live within....." Agreed, but isn't this budget the reduced one that was put in place after Boddy was relieved of his responsibilities? It's fairly low anyway I believe. I am presuming it is the revised budget which was lower than before but don't know for sure. But if we were losing money hand over fist before, does this new budget keep us to spending against like for like income based on this season and will it mean we need an overdraft again or is the intention to produce a profit or break even? I am sure certain ex directors are now running to a dictionary to find out the meaning of the word profit
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Deleted
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Post by Deleted on Apr 26, 2010 15:47:07 GMT
A tough one this one. For the first time in god knows how many years, the Board have actually put together a realistic budget sheet. Thankfully in Andrew Watson there's a guy who deals only in facts!! Where there is opportunity to increase revenue a realistic figure has been put in, where there is liklihood of loss in areas, its been shown, and in this way there is an upside which can show an increase in wages, certainly a degree of flexibility. Every are of the business has been considered, so areas such as gate receipts show a lower figure than last year. areas like advertising on boards and programmes have been increased from last year, as the amount coming in at the moment is ludicrously low! Expenses have been scrutinised, and quite sensibly in most areas the budget shows little change, but the business plan shows some meaningful reductions. The club are setting themselves up as a £350,000 turnover company, and are asking the questions "How do we bring in £350,000?", and also more importantly "How much is is going to cost to bring in £350,000?" Having said that, there is always possibility of a loss over the next couple of seasons.
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Deleted
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Post by Deleted on Apr 26, 2010 15:58:49 GMT
Is the Legends Bar/social club making a profit these days? And what about the HKL?
Clubs with gates similar to ours, or lower, survive and even prosper, purely on the income from their well run social clubs and catering. Look at the set ups at Thurrock; Hampton and Hayes. Our catering and social club have actually made LOSSES for WCFC. It's a disgraceful scandal that has never been looked into - and probably never will.
Regarding expenses, will we see Boddy, Lancaster and co. paying entrance money next season?
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Deleted
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Post by Deleted on Apr 26, 2010 16:04:32 GMT
Legends Bar turns a profit, catering needs a review!!
Sponsorship needs massive review! Outside of Careys sponsorship presently runs at a very low number, and I mean a very low number, you couldnt buy a decent second hand car with the sponsorship income!
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Deleted
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Post by Deleted on Apr 26, 2010 16:07:20 GMT
On the subject of gate receipts, the club continues to shoot itself in the foot. I saw a couple of young guys park up their BMW convertible, walk to the ground and straight to the concessions gate, no ID asked for, none shown. If they can afford to drive a BMW Z3 then surely they can afford not to cheat the football club out of money! But if no-one is checking, then so what!
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Deleted
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Post by Deleted on Apr 26, 2010 16:39:57 GMT
The catering situation has to be a way of making a few bob. If you ran a restaurant where around 600 potential spenders came through the doors you'd be delighted. It's a situation waiting to be exploited. And I'm not just thinking burgers - could one of the local curry houses and Thai restaurants be asked to get involved?
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Deleted
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Post by Deleted on Apr 26, 2010 16:52:41 GMT
Well, do you think we could make more than £2k from catering? Thats what we made last year! Not very good is it? And although there are these claims made from various people that they raise thousands every year, the management accounts dont seem to agree. £7k of income through fundraising during the year only? I would have expected that figure to be higher than that. Thats not a criticism, its an observation based on facts. On the catering side, I think the people involved in making the decisions now are shrewd enough to work out a decent risk/reward deal with an outside caterer.
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Deleted
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Post by Deleted on Apr 26, 2010 17:15:35 GMT
2k!!!!!!!!! I posted on here some time ago that I spoke to the ladies serving in the sweetie shop at Hampton last season. They said they often took £100 a game. Even if, over 40 matches, it averaged out at half that - THAT'S 2k. Retail usually has 100% mark up so that's £1k profit. Then there's the food stalls and bar meals on top of that.
And their attendances are lower than WCFC's!
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Deleted
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Post by Deleted on Apr 26, 2010 17:20:09 GMT
Ah but we have the only caterers who havent worked out how to keep sweeties from melting!!
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Post by JohnInglisIsGod on Apr 26, 2010 18:01:33 GMT
Is the Legends Bar/social club making a profit these days? And what about the HKL? Clubs with gates similar to ours, or lower, survive and even prosper, purely on the income from their well run social clubs and catering. Look at the set ups at Thurrock; Hampton and Hayes. Our catering and social club have actually made LOSSES for WCFC. It's a disgraceful scandal that has never been looked into - and probably never will. Regarding expenses, will we see Boddy, Lancaster and co. paying entrance money next season? The bar takings are up vastly on previous years, barrelage is nearly treble last years and profit is nearly in line. The catering however is not making anything but I think that is due to a contract that we entered into previously. Spot the reoccurring theme huh?
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Deleted
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Post by Deleted on Apr 26, 2010 18:03:50 GMT
Strange that contracts have been such a problem at SGL while a lawyer has been running affairs.
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Post by jimbo on Apr 26, 2010 19:51:24 GMT
You are assuming there is a contract
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Deleted
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Post by Deleted on Apr 26, 2010 21:13:55 GMT
law of tort?
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Post by Deleted on Apr 27, 2010 6:44:16 GMT
"£2k from catering? Thats what we made last year!" Let's say that's over 40 games (ish) it averages at £50 per match. Even with crowds of 600 that's pathetic.
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dragon
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Post by dragon on Apr 27, 2010 8:12:00 GMT
What about the vast profits made from the Golden Whatsit? Has that fallen apart since Uncle Laurie took a back seat?
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Post by skippy on Apr 27, 2010 12:09:08 GMT
What about the vast profits made from the Golden Whatsit? Has that fallen apart since Uncle Laurie took a back seat? just folklore, like the story of Robin Hood or the opposite of Robin Hood
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cogg
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Post by cogg on Apr 27, 2010 13:02:38 GMT
I'm not sure about this one Ealing.....
There can only be around 20 home games that attract 600 crowds
I really don't think that many people want to buy food at games. I would be surprised at 100 per game, it's probably 50. And putting curries etc on display won't change that figure a lot
At say £3 a pop, that's £300 a game, say £6000 a season. Ok, revenue trebled but profit on that for city ( unless they do the catering themselves) can only be 20% or so ( if you were a curry house would you give more than that away ?)
So, £1200 a season........is that really going to make a difference ?
I totally agree that ALL forms of revenue should be looked at, but reckon there are priorities elsewhere, like the 100 or so concessions alleged every game and the sponsorship....
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Deleted
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Post by Deleted on Apr 28, 2010 6:35:20 GMT
You may well be right Cogg, I was just throwing ideas in to the pot. There must be money to be made though or other clubs wouldn't bother - and they do. Also it would be interesting to see the turnover and profit made by the catering firms at SGL - along with their contracts. However, I suspect these will never be revealed.
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Deleted
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Post by Deleted on Apr 28, 2010 6:50:46 GMT
AS far as I understand, the turnover and profit from catering at SGL is not relevant to the revenue generated. I believe they just pay a fixed retainer over the season. Now that kind of deal could be a good one as it takes any risk out of the equation, but if the retainer is seriously low, its crazy!
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pedant
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Post by pedant on Apr 28, 2010 7:40:20 GMT
A couple of years ago I spoke to the chap who used to man the burger bar on the brookside about the contract. He told me that the money they paid to the club for the contract was usually recouped in 2 - 3 homes matches and that after that the company he worked for were in clear profit.
I have no idea if he was telling the truth, or if the situation has changed since, but I can't help thinking £2k is very low given the prices charged?
600 average gate x 25 home matches = 15000 potential customers.
If just 20% of the people bought a burger and a cup of tea at every match that would bring in:-
3000 x £3.80 = £11, 400
Catering profit margins should be at least 40-50% so why only £2k in income?
I am no business expert, but a well run basic operation should be able to turnover £15k at the lane each season and bring in at least £6k profit. (three times what we achieved in the last accounts)
A catering offering that was more attractive to supporters (look what Kiddy has to offer) could be even more luctrative.
Every little helps...
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Post by worcester1066 on Apr 28, 2010 19:36:40 GMT
the catering at the lane is hopeless.
I went to Halesowen this season and the quality and range of food (ok nice burgers, chips with curry sauce, decent pies might not be michelin star) was far better than the turgid offerings at the lane. Unsurprisingly the queue at the Yeltz bar was constant for nearly 70 mins. At the lane once bitten. Don't even start to compare the catering with Kidderminster, now that really must contribute to the coffers.
someone must be able to do better for the club than the RESHMENT bar on the terrace
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Post by richwidd on Apr 28, 2010 20:26:38 GMT
the catering at the lane is hopeless. I went to Halesowen this season and the quality and range of food (ok nice burgers, chips with curry sauce, decent pies might not be michelin star) was far better than the turgid offerings at the lane. Unsurprisingly the queue at the Yeltz bar was constant for nearly 70 mins. At the lane once bitten. Don't even start to compare the catering with Kidderminster, now that really must contribute to the coffers. someone must be able to do better for the club than the RESHMENT bar on the terrace The Board are about to look at the catering contract. In the next week companies will be invited to tender for the contract. In the meantime, if you are a regular purchaser from the burger bar or even a potential purchaser from the burger bar can you send me a PM with your email address, so I can send you a questionaire.
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Deleted
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Post by Deleted on Apr 29, 2010 6:54:18 GMT
Rich your aol email account has been accessed and is spitting out spam.
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Post by richwidd on Apr 29, 2010 10:09:04 GMT
Rich your aol email account has been accessed and is spitting out spam. Thanks Andy - If anyone gets an email from richwidd@aol.com ignore it as its not from me and I haven't used the account for over a year. Its sorted out now though.
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Deleted
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Post by Deleted on Apr 29, 2010 12:45:23 GMT
Are you still able to supply the male enhancement products?
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Post by richwidd on Apr 29, 2010 14:14:27 GMT
Are you still able to supply the male enhancement products? Yes, how many do you want?
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Deleted
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Post by Deleted on Apr 29, 2010 14:20:34 GMT
Would the profit from selling these be considered as catering sales?
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niels
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Post by niels on Apr 29, 2010 15:06:50 GMT
Probably a better idea to sell Prozac at the Lane.
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