Quote ="Toadstool"Jimmy,
I do not usually post on here and will not go into detail but I can assure you that we have a very prudently constructed budget which takes into account known revenues and costs (including salaries) and realistic estimates of variable revenues and costs (including win bonuses).
We have budgeted for under 2,000 attendances at league games and on this basis we are forecasting a small profit for the year.
Obviously things do not turn out as forecast so we have constructed an interactive, 12 month rolling forecast where we can enter actual performance and it will automatically update the model so that we can, hopefully, spot any "pinch points" well before they become an issue.
In addition (and not part of revenues) the BOM has significant equity commitments which are to be held in reserve against any unexpected occurrences.
Obviously we are mostly new to pro RL (I certainly am) but we are treating it as we would any other business which we were involved with and implementing basic KPI reporting, weekly performance reviews, 8 week daily cashflow forecasting etc - people say RL is not like any other business but that is down to the emotional side and is not an excuse for bad practices (some would also say I don't have any emotions...).
I do not claim we have all the answers (as I don't even know some of the questions yet!) but we are trying extremely hard to get this right.
Yours in sport,
Michael Norris'"
This post, the obvious passion and straight talking common sense in the postings of Andy and others involved, and the squad that has now been put in place, have me more excited about the coming season than I ever have been since I was a kid behind the sticks at Hilton Park.
I thank every body that has ever put there time and/or money into our club before. And now urge every one of us to get behind what I believe is the best BOD and team combination we have had for many a year.
