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Quote: Original Salford City Red "I have a copy of the accounts and you are correct over the carried forward loss and Pev although not the club accountant is not far off with his suggested turnover figure.'"



Yep, sorry I made a mistake, corrected below.

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silly question but who is actually making up the shortfall! is it the board! is it Peel holding, is it Salford council or is it a combination of all three!!

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Quote: The Black Cat "He's way off and if you did have the accounts you would know that.'"


If as you say, and I have no reason to doubt you, you are reading the full accounts, then clearly you also know the total director's remuneration - care to enlighten us?

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Quote: Original Salford City Red "As I understand it,Azure, who have the catering contract charge the club an amount for each diner, the club puts on a mark up and the club gets this finance.

So for example if Azure charge £30 and the corporates are charged £50 and there are 900 diners the club makes £18000.'"


Yes that's how it works , the catering co sets a per meal price , the club adds on the entrance fee and whatever it thinks extra it can charge , then you have to try to sell that to your corporate support , not easy in these difficult times

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Quote: The Black Cat "I have the full copy in my hand for 2010 and yes they are from a shareholder. Turnover is in excess of £3m, I wouldn't have stated I have proof beyond a shadow of a doubt if I did not! Now I wonder what people really think of the financial runnings of the club are and what other defence they have to offer?'"



So Turnover of £3million plus -

What were the wage costs please Black Cat?

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Quote: Early Bath "So Turnover of £3million plus -

What were the wage costs please Black Cat?'"


Probably 75 percent of the total

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Quote: BartonFlyer "If as you say, and I have no reason to doubt you, you are reading the full accounts, then clearly you also know the total director's remuneration - care to enlighten us?'"

icon_lol.gif icon_lol.gif icon_lol.gif icon_lol.gif

Cracking line Barton Flyer

I wonder how many businesses run with the Board not being paid and having to find £500k a year to keep going.

Tarry/Simms are Directors of course so their figures will show.

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Quote: Early Bath ".....Tarry/Simms are Directors of course so their figures will show.'"


In fact if the accounts are as most companies, there will only be a single line for "total remuneration" for ALL the directors which will include salary, bonuses, pension contributions etc as just one figure not broken down by person.

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Administrative expenses = £2,471,573

Directors remuneration = £46,436

Turnover = £2,240,239

Yes you are reading that correctly and I apologise profusely in advance re turnover, I got it wrong! icon_surprised.gifops:

Honesty is the best policy, sorry once again.

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Quote: The Black Cat "Administrative expenses

Administrative expenses ?

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Includes the players Starbug - always good Administrators.

That apart though our wages are 110% of income.

Not over clever that is it?

& What about the Myler money? icon_lol.gif icon_lol.gif

Hopefully Dantes. Programme Thrower, Mitie and others may now understand how much and how often the Directors have to top up to keep our show on the road.

Anybody know Fred Done`s email address? I would love to write to him with an offer he couldnt refuse. icon_lol.gif

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Thanks BlackCat - fascinating - but certainly doesn't make for encouraging reading

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Quote: BartonFlyer "Thanks BlackCat - fascinating - but certainly doesn't make for encouraging reading'"


Thanks for your understanding and apologies for my earlier confusion.

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Regardless of whether JW puts his hands in his pockets or not, it still proves the club is'nt being run right either way. I think we could all say as supporters to which im accused of not being , (because i question the chairmans proffessionalism) HOW DARE I, if we were as well off as the chairman we would do exactly the same. But say for instance JW decided not to invest anymore and we did a swinton , oldham, halifax like you all keep reminding me what would happen. The chairmans legacy would read 29 years in charge and ran the club into administration. You JW a55lickers would still find a positive in his reign. blinkered or what.

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Quote: Dantes Inferno "Regardless of whether JW puts his hands in his pockets or not, it still proves the club is'nt being run right either way. I think we could all say as supporters to which im accused of not being , (because i question the chairmans proffessionalism) HOW DARE I, if we were as well off as the chairman we would do exactly the same. But say for instance JW decided not to invest anymore and we did a swinton , oldham, halifax like you all keep reminding me what would happen. The chairmans legacy would read 29 years in charge and ran the club into administration. You JW a55lickers would still find a positive in his reign. blinkered or what.'"


OK , fair enough , so give some examples of other similar clubs where their owners have changed things round and got their clubs performing to a much higher level ?

227 posts in 16 pages 
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Subscribe | Moderators: Admin, king of the shed
227 posts in 16 pages 
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