P/T Indie wrote:I don't understand though how come we were able to pay off the loan and be debt free one minute and then the next there is a £800K loss.
Old Man Kensey wrote:Does the Board addressing the Bond Group in a public statement, to basically hurry up and fook off, mean that internal communication with them is somewhat limited?
Keith wrote:I really think the Trust need to be contacting the EFL & Secretary of State for Sport, so we get some 'noise'. This statement helps in that sense.
P/T Indie wrote:I get that we used the extra income to pay off the debt but then surely we didn't budget for last season thinking we would get similar income as it was never going to happen and you shouldn't really include cup runs in the budget.
Unless the board budgeted thinking some of the extra income might have been available to spend on the team and then Jason changed his mind.
P/T Indie wrote:I'm seriously starting to think administration might not be a bad idea and it would at least force a sale through, Jason wouldn't get to choose who he sold to either.
Take the points deduction early in the season and see what happened worst will be we end up back in the National League which is we have to be self sufficient is probably where we need to be.
P/T Indie wrote:I get that we used the extra income to pay off the debt but then surely we didn't budget for last season thinking we would get similar income as it was never going to happen and you shouldn't really include cup runs in the budget.
Unless the board budgeted thinking some of the extra income might have been available to spend on the team and then Jason changed his mind.
CityShrimp wrote: It sounds like the budget is going to have to go from (say) £2m to £750k this season.
black morse wrote:I notice the board statement gives the reasons for the reduction in playing staff but makes no mention of off field support jobs which, according to some on here, have been rising steadily over the past couple of years.
KenH wrote:black morse wrote:I notice the board statement gives the reasons for the reduction in playing staff but makes no mention of off field support jobs which, according to some on here, have been rising steadily over the past couple of years.
Sadly, unless new owners come in who are able to pump in lots of money, I think it's inevitable that some of the additional jobs will be made redundant this Summer so their wages can be diverted to players which is far more important. We survived previously without the extra off-the-field management/support jobs, and I think that may have to be the sacrifice to put a team of players together this Summer capable of competing. It wouldn't surprise me if the Board are holding back from making such decisions to see what, if anything, happens with the ownership situation.
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