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Topic: Published accounts
21. Author: Raymie the Legend Date: Fri 28th Feb 2025. 21:50 wee eck, Fri 28 Feb 21:41 I agree with that Alter Ego. Presumably they were happy with the `return` they got on their investment. Or possibly they decided to cut their losses? It`s bloody tough being a legend Ron Atkinson - 1983 Reply
22. Author: Back_oh_the_net Date: Fri 28th Feb 2025. 21:51 wee eck, Fri 28 Feb 21:41 I agree with that Alter Ego. Presumably they were happy with the `return` they got on their investment. So we will just kid on that despite the near 2 million quid loss over two seasons that everything is all rosey and we haven’t been spunking money up against a wall? new owners or not the club is losing money at an unacceptable rate and it needs sorted Reply
23. Author: Hunter78 Date: Fri 28th Feb 2025. 21:54 Back_oh_the_net, Fri 28 Feb 21:51 wee eck, Fri 28 Feb 21:41 I agree with that Alter Ego. Presumably they were happy with the `return` they got on their investment. So we will just kid on that despite the near 2 million quid loss over two seasons that everything is all rosey and we haven’t been spunking money up against a wall? new owners or not the club is losing money at an unacceptable rate and it needs sorted Only needs sorted if the owners aren’t funding it which they seemingly are. Makes no difference and certainly it doesn’t need sorted” Reply
24. Author: Raymie the Legend Date: Fri 28th Feb 2025. 21:58 Hunter78, Fri 28 Feb 21:54 Back_oh_the_net, Fri 28 Feb 21:51 wee eck, Fri 28 Feb 21:41 I agree with that Alter Ego. Presumably they were happy with the `return` they got on their investment. So we will just kid on that despite the near 2 million quid loss over two seasons that everything is all rosey and we haven’t been spunking money up against a wall? new owners or not the club is losing money at an unacceptable rate and it needs sorted Only needs sorted if the owners aren’t funding it which they seemingly are. Makes no difference and certainly it doesn’t need sorted” GmBH told the patrons not to worry and they had it all in hand. 8 months later that letter came out…. It`s bloody tough being a legend Ron Atkinson - 1983 Post Edited (Fri 28 Feb 21:59) Reply
25. Author: thebear Date: Fri 28th Feb 2025. 22:00 People say it does not matter as we have been taken over, well it does matter, it suggests ncompetence for the year and the trajectory is bad, what will it be like in 12 months. I`d still like to understand incomng and outgoing streams and levels. We have massive incoming from adverts, we`re not bad at fan`s, good sponsors, in. Detail where does that go Is it salaries, repairs and maintenance, training facilities etc Reply
26. Author: Hunter78 Date: Fri 28th Feb 2025. 22:16 Raymie the Legend, Fri 28 Feb 21:58 Hunter78, Fri 28 Feb 21:54 Back_oh_the_net, Fri 28 Feb 21:51 wee eck, Fri 28 Feb 21:41 I agree with that Alter Ego. Presumably they were happy with the `return` they got on their investment. So we will just kid on that despite the near 2 million quid loss over two seasons that everything is all rosey and we haven’t been spunking money up against a wall? new owners or not the club is losing money at an unacceptable rate and it needs sorted Only needs sorted if the owners aren’t funding it which they seemingly are. Makes no difference and certainly it doesn’t need sorted” GmBH told the patrons not to worry and they had it all in hand. 8 months later that letter came out…. They did have it in hand though. Sold shares and walked away with the club debt free and handed the reigns over….they choose to sell the club which was their right Reply
27. Author: rikaka Date: Fri 28th Feb 2025. 22:17 Unless you have access to all the budgeting, and forecasts then everyone is just speculating and attributing blame to suit their agenda imo Reply
28. Author: Raymie the Legend Date: Fri 28th Feb 2025. 22:30 Hunter78, Fri 28 Feb 22:16 Raymie the Legend, Fri 28 Feb 21:58 Hunter78, Fri 28 Feb 21:54 Back_oh_the_net, Fri 28 Feb 21:51 wee eck, Fri 28 Feb 21:41 I agree with that Alter Ego. Presumably they were happy with the `return` they got on their investment. So we will just kid on that despite the near 2 million quid loss over two seasons that everything is all rosey and we haven’t been spunking money up against a wall? new owners or not the club is losing money at an unacceptable rate and it needs sorted Only needs sorted if the owners aren’t funding it which they seemingly are. Makes no difference and certainly it doesn’t need sorted” GmBH told the patrons not to worry and they had it all in hand. 8 months later that letter came out…. They did have it in hand though. Sold shares and walked away with the club debt free and handed the reigns over….they choose to sell the club which was their right You are missing the point. What if we have another million pound loss and they decide that’s not for them and want to get out ? It`s bloody tough being a legend Ron Atkinson - 1983 Reply
29. Author: fcda Date: Fri 28th Feb 2025. 22:45 rikaka, Fri 28 Feb 22:17 Unless you have access to all the budgeting, and forecasts then everyone is just speculating and attributing blame to suit their agenda imo This. GmbH appeared to be content with how things were. They left because the fans weren`t happy with the investment strategy in relation to the first team. Reply
30. Author: saltonsgonagetu Date: Sat 1st Mar 2025. 00:10 The club is losing money hand over fist , where is it going ?, on what ? We cannot continue sticking the heads in the sand . Reply
31. Author: Hunter78 Date: Sat 1st Mar 2025. 06:09 Raymie the Legend, Fri 28 Feb 22:30 Hunter78, Fri 28 Feb 22:16 Raymie the Legend, Fri 28 Feb 21:58 Hunter78, Fri 28 Feb 21:54 Back_oh_the_net, Fri 28 Feb 21:51 wee eck, Fri 28 Feb 21:41 I agree with that Alter Ego. Presumably they were happy with the `return` they got on their investment. So we will just kid on that despite the near 2 million quid loss over two seasons that everything is all rosey and we haven’t been spunking money up against a wall? new owners or not the club is losing money at an unacceptable rate and it needs sorted Only needs sorted if the owners aren’t funding it which they seemingly are. Makes no difference and certainly it doesn’t need sorted” GmBH told the patrons not to worry and they had it all in hand. 8 months later that letter came out…. They did have it in hand though. Sold shares and walked away with the club debt free and handed the reigns over….they choose to sell the club which was their right You are missing the point. What if we have another million pound loss and they decide that’s not for them and want to get out ? So as long as the clubs not saddled with bank loans or debt then whoever subsequently picks the club up can reduce costs to suit a break even budget, might be some hard choices on staff numbers etc but that’s business. The bigger concern for me is the stadium and making sure that’s not used for loans, don’t know the position on that still and whether he plans to buy it Reply
32. Author: cammypar 1995 Date: Sat 1st Mar 2025. 07:13 Surely David cook and Alister Burns should have some pretty difficult questions to answer. Alistair is responsible for overseeing all commercial activities including sales, marketing, pricing strategies etc basically trying to mitigate losses. His main focus is driving revenue growth and maximizing profit. As we can see it`s not worked. we have posted just shy of another staggering loss and these 2 surely to be held responsible. 1 clearly hasn`t done enough to and the other is not far off £3 million pound losses over his tenure. c'mon the pars Reply
33. Author: fcda Date: Sat 1st Mar 2025. 08:50 cammypar 1995, Sat 1 Mar 07:13 Surely David cook and Alister Burns should have some pretty difficult questions to answer. It all depends on the remit given by their bosses - the owners. If the owners expected the losses due to planned expenditure, trying to enhance the club off the field, then it would be unfair to criticise DC and AB for that. It`s also unfair if the owners` plan was a bad one. Truth is, few, if any on here will know these details. Reply
34. Author: Dave_1885 Date: Sat 1st Mar 2025. 09:01 fcda, Sat 1 Mar 08:50 cammypar 1995, Sat 1 Mar 07:13 Surely David cook and Alister Burns should have some pretty difficult questions to answer. It all depends on the remit given by their bosses - the owners. If the owners expected the losses due to planned expenditure, trying to enhance the club off the field, then it would be unfair to criticise DC and AB for that. It`s also unfair if the owners` plan was a bad one. Truth is, few, if any on here will know these details. You cant blame the owners for losing £1.9m in 2 years……the owners cover the losses, they don’t create them. They’ve taken a huge hit with their investment and rightly sold up before it got worse. The CEO has overseen commercial success (so he claims) but we were £1.9m plus worse off during his tenure - wheres the money gone? It certainly hasn’t gone on stadium upkeep, booming crowd initiatives or the playing squad…….. Reply
35. Author: Hunter78 Date: Sat 1st Mar 2025. 09:03 cammypar 1995, Sat 1 Mar 07:13 Surely David cook and Alister Burns should have some pretty difficult questions to answer. Alistair is responsible for overseeing all commercial activities including sales, marketing, pricing strategies etc basically trying to mitigate losses. His main focus is driving revenue growth and maximizing profit. As we can see it`s not worked. we have posted just shy of another staggering loss and these 2 surely to be held responsible. 1 clearly hasn`t done enough to and the other is not far off £3 million pound losses over his tenure. Alister seems to be doing a particularly poor job. Most notably with hospitality and the corporate boxes, nearly all of which remain unsold for the year (I think KdM only now have a box). That’s poor that he’s not managed to utilise them. Hospitality is now poorly attended and has become stale. The club really since David has took control has lost a lot of local support and the communication is now non existent. Drew Main is on the board only as a supporters representative but even he know doesn’t seem to be taking anybody to task. Perhaps the PST should vote on a new rep? We may not be entitled to know where the losses are coming from but we creatively should be allowed to question it. Reply
36. Author: cammypar 1995 Date: Sat 1st Mar 2025. 09:15 Hunter78, Sat 1 Mar 09:03 cammypar 1995, Sat 1 Mar 07:13 Surely David cook and Alister Burns should have some pretty difficult questions to answer. Alistair is responsible for overseeing all commercial activities including sales, marketing, pricing strategies etc basically trying to mitigate losses. His main focus is driving revenue growth and maximizing profit. As we can see it`s not worked. we have posted just shy of another staggering loss and these 2 surely to be held responsible. 1 clearly hasn`t done enough to and the other is not far off £3 million pound losses over his tenure. Alister seems to be doing a particularly poor job. Most notably with hospitality and the corporate boxes, nearly all of which remain unsold for the year (I think KdM only now have a box). That’s poor that he’s not managed to utilise them. Hospitality is now poorly attended and has become stale. The club really since David has took control has lost a lot of local support and the communication is now non existent. Drew Main is on the board only as a supporters representative but even he know doesn’t seem to be taking anybody to task. Perhaps the PST should vote on a new rep? We may not be entitled to know where the losses are coming from but we creatively should be allowed to question it. The club shop is poor as well surely someone who is paid to maximise the clubs marketing and sales potential we should have a lot more to choose from than what is currently in there. c'mon the pars Reply
37. Author: SeasonedPar Date: Sat 1st Mar 2025. 09:41 I’m not sure if folk here have selective memories, or just want to follow an agenda. For what it’s worth, here’s my view on the last 2 years accounts. Most of it’s been discussed here and elsewhere over that time. Apologies for the long post. 1. The accounts are to April 2024, not this season. 2 two years ago, we sacked 2 managers, and the accounts might reflect their pay offs. 3. Two years ago, we kept the relegated team on their Championship wages. That gamble worked as we were promoted at the first time of asking - even given some football was poor 4. Last season, a horrendous injury list. As has been mentioned on here, the club doesn’t carry injury insurance as it’s so expensive. While concussions like Fisher and Breen would be treated at NHS, other injuries like knees, shoulders, groins might have been diagnosed and treated privately with the club picking up the bill. 5. Horrendous injuries also meant recruiting a number of loans, and again that was reasonably successful as we climbed the league and avoided relegation. 6. Those same loans would cost the club - I’ve no idea of details, but possibly some of the wages, as well as accommodation, travel expenses etc. 7. GmbH started to invest in the trading and Academy, at a time when building costs and labour were going through the roof. Grants to help costs possibly don’t offset the entire build costs. 8. You can see the redeveloped player tunnel while the home dressing room had a much needed refurb. 9. Many of those staff aren’t full time, but work part time every second Saturday in hospitality, probably on minimum wage. 10. Cup runs aren’t budgeted for. However, there’s no doubt a good run or decent draws helps - ticket sales, hospitality, sponsors, even tv. 11. Look around - the new sponsorships all around the stadium show a good level of hard work and success from those in charge. All in all, expense upon expense, not always budgeted for, some credit to GmbH for investing, although their decision to go with younger players at the start of this season was hellish, just wrong - as was going in the huff when they decided they’d had enough. That’s my personal take on the last 2 accounting seasons. I might not be spot on with everything but I think I might be in the right neck of the woods. The new owner might be happy to sustain losses again this season, but maybe David Cook with persuading him to buy players and get in loan players over the last month, James Bord might absorb losses as he develops his sports analysis software, using players from our club to add to the metadata from the States and Spain to build a bigger database. We might just be a small cog in a bigger wheel. I’d hoped, in my lifetime, to see the Pars established in the Premier, not a yo-yo club, competing for cup finals, semis, places in Europe a top six finishes. I’d settle right now for a team that maybe doesn’t win every game, but shows some fight, entertains, makes chances and scores goals. That feels far away at the moment, but Pars fans support through thick and thin. It makes successes all the sweeter! COYP!! Reply
38. Author: RMGpar Date: Sat 1st Mar 2025. 09:48 Year on year losses , football on the pitch getting worse…. Very concerning. More and more paid positions within the club that arguably are doing worse than when they were volunteered. The clubs needs to start again with a proper model. Reply
39. Author: GG Riva Date: Sat 1st Mar 2025. 09:53 Great, insightful post, Seasoned Par. Thanks for enlightening us. Not your average Sunday League player. Reply
40. Author: fcda Date: Sat 1st Mar 2025. 13:21 Dave_1885, Sat 1 Mar 09:01 You cant blame the owners for losing £1.9m in 2 years… You absolutely can - when it`s their flawed strategic vision he`s trying to implement. But the main point is, few on here know the details to credibly apportion blame. Reply

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