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Post by cloud on Oct 13, 2017 8:00:14 GMT
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Post by jupu on Oct 13, 2017 8:13:12 GMT
I thought we were aiming to win this league at the first attempt? Admittedly that looks unlikely at present.
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niels
City Legend
Posts: 1,741
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Post by niels on Oct 13, 2017 9:26:06 GMT
Surely the big news within this article is not that there is a second promotion spot up for grabs but that the club is STILL LOSING MONEY even though they took voluntary relegation and vowed to live within their means from now on. The policy of having a small squad aided by the youth set up seems to have gone by the wayside, so I suspect that the board are giving the management whatever they ask for, again, rather than being strong and telling them to work within their budget and resources.
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Post by B*ue dragonstander on Oct 13, 2017 9:30:41 GMT
Still haemorrhaging cash at this level so a promotion might indicate higher costs, little improvement in the standard of football and attendances at pretty much where they are plus a bit. Why wouldn't anyone not wish to dig into their hard earned to give extra support to prop this up. It's a no brainer surely. You would have to have no brain to do it. There are plenty of better causes to support!
As for the Trust providing funds then that might be possible if the concerns so frequently expressed in this forum were addressed by the Board. If these are not acted upon then I would hope there is no way a single penny would pass.
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Post by cloud on Oct 13, 2017 9:42:31 GMT
I thought we were aiming to win this league at the first attempt? Admittedly that looks unlikely at present. Yes, it does look unlikely we will win the league, that's why it makes the season more interesting for all if there's a second promotion spot up for grabs. Christmas games against Bromsgrove could be huge. |
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Post by Brooksiders Return!! on Oct 13, 2017 10:12:10 GMT
As part of the accountability and responsibility requirements of a Community Benefit Society, the Supporters Trust have to demonstrate that their funds are being used for the benefit of the community which they serve, and are being applied in a fiscally proper, and accountable manner.
Last year, the Supporters Trust were trying to work with the Board to put together a viable rescue plan, aiming towards community ownership, and as part of the fiscal review, we assigned Supporters Direct to create the plan. In order to do this, we needed to review the management accounts, and other documentation, as part of due diligence processes. The Board refused access to these documents. The Supporters Trust would love to be able to assist the football club, however, they won't let us.
Niels is right, the story here is that the club is still not living within its means, something which was promised by the Chairman - his words, the club will operate a "balanced budget" He is now saying that this isn't being done. So how much money is the club still losing? and why? The Board are still operating over budget and beyond its means, and are gambling on a run in the FA Vase and promotion to cover it.
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Post by The Verner on Oct 13, 2017 10:13:03 GMT
Surely the big news within this article is not that there is a second promotion spot up for grabs but that the club is STILL LOSING MONEY even though they took voluntary relegation and vowed to live within their means from now on. The policy of having a small squad aided by the youth set up seems to have gone by the wayside, so I suspect that the board are giving the management whatever they ask for, again, rather than being strong and telling them to work within their budget and resources. Incorrect, this management team is probably the only management team in the history of the Club that has ever worked within the budget set ! |
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Post by Bonzo Bitburg on Oct 13, 2017 10:19:53 GMT
You're not getting a penny Hampson, not a penny. Do your own fund raising you lazy git.
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niels
City Legend
Posts: 1,741
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Post by niels on Oct 13, 2017 11:11:30 GMT
Surely the big news within this article is not that there is a second promotion spot up for grabs but that the club is STILL LOSING MONEY even though they took voluntary relegation and vowed to live within their means from now on. The policy of having a small squad aided by the youth set up seems to have gone by the wayside, so I suspect that the board are giving the management whatever they ask for, again, rather than being strong and telling them to work within their budget and resources. Incorrect, this management team is probably the only management team in the history of the Club that has ever worked within the budget set ! So where are we losing money then? Surely a balanced budget is spread over the whole company. Posher sandwiches in the boardroom perhaps? Topless waitresses? |
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Post by Brooksiders Return!! on Oct 13, 2017 11:33:12 GMT
So the Board of Directors have set a playing budget way over the clubs means?
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Post by genghis on Oct 13, 2017 11:50:38 GMT
Given City’s last game, any extra chance of promotion is good news. It will be a huge embarrassment if we fail to finish in the top 2 though.
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Post by cloud on Oct 13, 2017 11:55:08 GMT
Given City’s last game, any extra chance of promotion is good news. It will be a huge embarrassment if we fail to finish in the top 2 though. It would be disappointing to be out of the top two, though not sure it would be a huge embarrassment - Coleshill looked a very good team when we played them & Bromsgrove are having a good season (think I saw their last game on a Saturday was a 1000+ gate). |
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Post by alwaysnextyear on Oct 13, 2017 12:50:50 GMT
The article states
" The homeless club wanted to drop two levels at the end of last season in order to deliver the "best possible chance of survival for forthcoming seasons" but were forced down three. "
Hardly forced ? The Club asked for a 2 level drop and then got itself relegated - how can that be forced ? More like Boardroom ineptitude and not being good enough on the pitch.
So now, if I'm reading it correctly, we are going to apply to go up, even if we don't finish in the first 2 OR are we saying that if we did finish in the first 2, we'd be happy to accept promotion ?
Andy - can you clarify what is meant please ?
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Post by cloud on Oct 13, 2017 12:56:26 GMT
Yes, if we did finish in the first 2, we'd be happy to accept promotion. We have to register that intention by December 31st. If we didn't, & finished 1/2, then we wouldn't go up.
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Post by alwaysnextyear on Oct 13, 2017 13:02:23 GMT
Thanks cloud, that's what I thought was meant, but a bit more clarity in the article was required.
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Post by Brooksiders Return!! on Oct 13, 2017 13:06:43 GMT
That part of the article is a complete non-story. "Football club says that they will apply to be promoted if they finish in a promotion position" Well bugger me sideways!! The real story is that the club continues to lose money, so Andy, there's your story. Find out why the Chairman has set budgets which mean that the club is going to lose money, when he advised stakeholders that the Board would be setting "balanced budgets" The club took a demotion so that they would stop losing money, it appears that this hasn't happened, and that the club haven't even tried to make this happen
The football secretary has said on here that the team managers are working to budget, which is clearly a budget that the football club cannot afford. Why are the club budgeting to lose money?
So when is the AGM that you promised shareholders Colin Layland?
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Post by Noboddy aka Lord Ealing on Oct 13, 2017 14:06:12 GMT
I have a different take on this. WCFC is running at a loss because that's the way to shift money out. The loss is the very reason Hampson and co. are still involved. It's very easy to do some "creative accountancy" and move funds into external accounts.
They don't want to operate in profit.
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Post by Dodger on Oct 13, 2017 18:14:04 GMT
Maybe solid financial advice was provided by that well known company.......Hampson Investments Ltd of Worcester Road Bromsgrove?
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Post by genghis on Oct 15, 2017 16:12:44 GMT
Given City’s last game, any extra chance of promotion is good news. It will be a huge embarrassment if we fail to finish in the top 2 though. It would be disappointing to be out of the top two, though not sure it would be a huge embarrassment - Coleshill looked a very good team when we played them & Bromsgrove are having a good season (think I saw their last game on a Saturday was a 1000+ gate). In terms of the quality of the current squad, it wouldn’t be a huge embarrassment, no. In terms of the reputation of the club, it would be. Another user said the other week, that we don’t have an entitlement to promotion just because of our name value, but I don’t see how I can feel that way after watching us 3 levels higher for years. If a Premier League team was suddenly relegated to League Two, there would be uproar amongst their supporters. And nothing else than immediate promotion would be seen as acceptable. In my eyes, it’s the same thing. Unless we do ‘piss this tinpot league’, I won’t be happy. |
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Post by alwaysnextyear on Oct 16, 2017 19:51:45 GMT
Anything other than promotion would be a complete failure, in what is not much more than a pub league from what I've seen. Our playing budget will along with Bromsgrove's, be the highest in the Division.
If we aren't in the first two after the Xmas games vs Bromsgrove, the crowds will tail off ( especially anyone like me who has had the misfortune to see the last 2 matches ). A run in the FA Vase is essential.
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Post by thesecondjack on Oct 16, 2017 23:11:11 GMT
You could add Coventry United to that list, too.
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