Current situation at the club

[El Presidente]

It could have been worse.

He could have said Guppy's shorts....

Guppy could stick get away with being a ball boy, although I am not sure they will let him bring his CS Gas cannisters into the ground

 

[Uncle Buck]

Guppy could stick get away with being a ball boy, although I am not sure they will let him bring his CS Gas cannisters into the ground

Ah yes, showing his CS gas cannister off and spraying somebody in the face with it....

 

[ROSM]

isn't it the way of NSC - a thread full of informed comment about our situation sinks very quickly!!

 

[British Bulldog]

DK said it on the Harty phone in after the Donny match

But did'nt he also say that part of the reason for that was we have still been paying some of the players championship rate wages in this seasons budget? Or maybe I just misheard?

 

[El Presidente]

But did'nt he also say that part of the reason for that was we have still been paying some of the players championship rate wages in this seasons budget? Or maybe I just misheard?

I don't think we EVER paid proper Championship level wages.

Our good friend Simon Jordan said that when he took over Palace in the Championship, the average wage was £8,000 a week. He has managed to get it down to about £5,000 a week apparently, but it still exceeds what our highest paid player got last season by a mile.

 

[Midikilledmydog]

Here are some figures that might reveal how precarious the financial situation is:

Last year the club lost £2.23million before player sales, on an average gate of 6,802, and with TV income of £1.26 million

This season crowds are averaging 5,977, a decrease of 825. If the club makes £14 per ticket on average (which takes into account VAT and travel vouchers), then gate receipts are down £266,000. TV income is down £626,000 this season.

This means that the loss for the year to 30 June 2007 is standing at £3.122million, or £60,000 a week, before taking into account wage cut cluases that will come into play for being relegated last season.

In the year to 30 June 2006 the total wage bill was £4.08million, and we had 88 full time staff members (including players). In addition there are 215 staff for match days. I have assumed that the part time staff are paid £5.50 an hour, and have a 5 hour shift on match days. Their wage bill comes to £148,000 for the year, leaving £3.93million for the playing and admin staff, an average salary of £44,681 per person.

If the players had on average a 10% pay cut this season, then the wage bill might be down by about £400,000 in total.

This still leaves an estimated loss of £2.72million this year, before taking into acount the fact that we have sold CKR (next income to club £100,000 after paying Bury), and about £200,000 from the West Ham game.

The loss is therefore looking at about £2.42million, or £46,500 a week.

On those figures it is clear that the playing budget is going to be very tight.

The club has total debts of about £13.5million at 30 June 2006, of which I suspect about £5.7million is due to the directors, directly or indirectly, the overdraft is £334k, season ticket advances are £1.3million, and there is £4.3million of 'other loans' which may be due to a bank.

 

[British Bulldog]

I don't think we EVER paid proper Championship level wages. /B]

Well our version of championship wages then! If that is the case then next seasons lower budget could prove to be worth more than this seasons higher budget if that makes any sense?

 

[brighton bluenose]

Jesus, if that is the reality and it certainly looks well thought out, we are royally screwed, If we get the Falmer decision I still reckon that attracting the £60m we will need to build there is going to be difficult when we can't even balance our books at the stadium of shite.

Excuse my ignorance but where has £60m come from?

I've never never read or heard that figure before!

 

[ROSM]

Excuse my ignorance but where has £60m come from?

I've never never read or heard that figure before!

I dont have the exact details to hand but at the last phase of the public inquiry a figure of £50m+ was quoted by the club to be covered by Grant funding (sport england, Lottery etc.), investment for non-football activities (education, sports medicing etc.), private investment (the clubmoney already spent on achieving planning permission), stadium rights (naming,catering rights, brewing rights) and the remainder on a mortgage.

 

[Mustela Furo]

DK said it on the Harty phone in after the Donny match

I'm not sure that he actually did - having listened to the tape I think things have been twisted.

What he actually said was that the playing budget that DW had in league one was less than MM had in the Championship, because he qualified that comment by explaining that the TV Revenue was around £1m less in League One.

 

[Pavilionaire]

El Pres paints an accurate, albeit bleak, picture of our present financial position.

A Falmer YES would change everything, and it is testament to the board that they've continued to input capital to cover our losses for such a long time now. The board must genuinely believe we'll get Falmer and that Knight and Perry are the men to do that, otherwise there would have been changes by now.

Our away form shows we're a decent side, if we could just get Whing in and one or two old heads who knows what we could do next season?

 

[Behind Enemy Lines]

El Pres paints an accurate, albeit bleak, picture of our present financial position.

A Falmer YES would change everything, and it is testament to the board that they've continued to input capital to cover our losses for such a long time now. The board must genuinely believe we'll get Falmer and that Knight and Perry are the men to do that, otherwise there would have been changes by now.

Our away form shows we're a decent side, if we could just get Whing in and one or two old heads who knows what we could do next season?

Agree with this. Whilst I can't remember ever being so bored , rather than depressed, at home games and feeling just sick and tired of our plight, everything will change if we get Falmer. And the waiting is almost over. But for now, we must avoid relegation and then have a "good" close season. We badly need new blood. Whing, Bertin, a creative midfielder and a proven goalscorer is what we must aim for. And if Lynch goes, with Adam H's injury situation & Butters not getting any younger, we may need another centre half. If he does leave, we should get a good fee which will help the playing budget. We could also do with a player who has got some leadership qualities. We've become a very quiet team on the pitch so another "Cullip" type would help, especially as we'll largely be a young team, and baring in mind that Oatway's playing future is still in doubt.

Viva Albion.