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| 41. Author: Bertie Paton Date: Sat 1st Mar 2025. 13:25 One of the worst run clubs in Scotland. Cook should be out on his backside. Reply |
| 42. Author: desparado Date: Sat 1st Mar 2025. 13:51 Was the unexpected floodlight upgrade in that set of accounts ? A new pitch looks like it is needed too which will cost a few Bob… What an opportunity we missed in 2014. Reply |
| 43. Author: red-star-par Date: Sat 1st Mar 2025. 14:19 I see Kieran Maguire has had a look at the club accounts on twitter, doesn`t really add much though, and pretty sure the losses he talks about hark back to the Administration event in 2012. "Dunfermline lost £913k in 23/24 taking total losses to almost £10.5m. The club’s new owners paid off a £1m loan to the old owners when they bought the club." I think the previous owners did pay about £600,000 for the floodlights upgrade, and not sure of the exact figures of the Training Ground as there were some grants involved but I`m sure it will have been a slightly larger sum. I think there has been some commercial deals lately, Macklin Motors stand, Carabao drinks partnerships etc, so hopefully the Commercial Manager is earning his crust. I would like to know more about the ownership of the stadium now though, is it owned by James Bord? And why are Teller and Lass-Hennerman still on the board? Reply |
| 44. Author: SeasonedPar Date: Sat 1st Mar 2025. 14:25 desparado, Sat 1 Mar 13:51 Yes. I missed out a pretty substantial spend! It’d go down as a capital spend, P and L would show depreciation, at maybe 10-15%. Still a big spend by the board. Reply |
| 45. Author: jake89 Date: Sat 1st Mar 2025. 15:24 The floodlights would have been the 2023 finances rather than 2024. EEP is separately owned and leased to the club. Presumably all money made from naming, advertising etc comes to the club. Commercial activity appears good but it seems to be the rise in other costs that are an issue. More staff, higher wages, medical bills etc. Reply |
| 46. Author: OorWullie Date: Mon 3rd Mar 2025. 16:19 [url]https://www.dunfermlinepress.com/sport/24976755.dunfermline-pars-reveal-six-figure-loss-annual-accounts/[\url] Reply |
| 47. Author: kparsfan Date: Mon 3rd Mar 2025. 19:16 I see on the back page of the Courier that it says Dunfermline Free Of Debt After Takeover. Haven`t read the story. If any one has a link or a copy of it, can they put it up please?  Proud To Be A Par!!Reply |
| 48. Author: red-star-par Date: Mon 3rd Mar 2025. 19:33 kparsfan, Mon 3 Mar 19:16 From The Courier- Dunfermline are planning for a new future ‘debt-free’, despite posting losses of almost £1 million in their latest set of accounts. The figures show a loss of £929,250 for the 12 months up to May 31 last year The period covers last season, when the Pars finished sixth in the Championship, and come on the back of a loss of £1,039,907 in the previous year. However, since then, ownership of the club has changed hands, with German consortium DAFC Fussball being bought out by the James Bord-led Park Bench SFC LLC.As part of that transaction, Park Bench paid off the ‘convertible loan note’ held by DAFC Fussball worth £1 million. It is understood Park Bench also settled directors’ short-term loans and other liabilities when they assumed control of the Fife club in January. Despite the balance sheet showing significant losses in recent times, the club are now hopeful of an ‘exciting’ future under new owners. Chairman and chief executive David Cook commented: “Whilst we are reporting on the club’s performance in the year ending 31 May, 2024, it is important to note the significant changes which have occurred at the club since year end. “Park Bench SFC LLC has become the majority shareholder of the club, purchasing all shares held by DAFC Fussball GmbH along with [those of fans’ group] Pars United CIC. ‘Fan frustration’ “The 2023/24 season and the beginning of the 2024/25 have been challenging for supporters as we all seek more consistent and sustained on-field success. “The board acknowledge and understand the frustration many fans have expressed during this period. “We are all committed in our attempts to give fans more to cheer about going forward. “With changes at ownership and first-team coaching level, the board believes that we are at the beginning of a new journey – a journey which is exciting and fulfilling for supporters.” Dunfermline have blamed their latest financial losses on poor cup performances last season, lower match-day revenue due to ‘the drop off in sporting performance’, injuries that resulted in a trebled medical outlay and the resulting need for loan players, and higher bills for utilities, insurance and food and beverage. With manager James McPake having since been replaced by new head coach Michael Tidser, the Pars are hopeful of ‘strong results for the club on the pitch’ as they move forward. Another challenging season on the pitch will make the current year’s figures an interesting read when they become public in around 12 months’ time. Notes attached to the latest accounts said: “The directors acknowledge that the company’s liquidity position relies on the directors continuing to review the club’s budget and ensure that costs are controlled and, should it be necessary, further support from Park Bench SFC LLC.” Reply |
| 49. Author: OorWullie Date: Mon 3rd Mar 2025. 20:10 Can’t keep racking up losses year after year. All we get is excuses. No real detail. For example, the medical expenses were 3 times what we budgeted. So was the budget 20k, but we spent 60k or was it 100k and we spent 300k ? Post Edited (Mon 03 Mar 20:11) Reply |
| 50. Author: OorWullie Date: Mon 3rd Mar 2025. 20:16 What did we do to try to mitigate the falling attendances? Poor cup performances. When did we last have a good cup run? Surely budget for first round and anything after is a bonus? Loan players. How much more than budget did we spend? How much were our utility bills compared to the season before? I’m sure utility bills came down? Last year we wee told it would be better. Well it isn’t. All wind and pish and bluster - again Reply |
| 51. Author: AdamAntsParsStripe Date: Mon 3rd Mar 2025. 20:56 OorWullie, Mon 3 Mar 20:16 I think the attendances are remarkably high given this is our longest period in our history outside of the top division. Clearly the aim long term is to develop players to sell on for a big profit which would mitigate these losses year on year out. That’s not going to happen anytime soon obviously. Zwei Pints Bier und ein Päckchen Chips bitte  Reply |
| 52. Author: jake89 Date: Mon 3rd Mar 2025. 23:20 OorWullie, Mon 3 Mar 20:10 The historic losses are irrelevant now but agree. We have aspirational new owners but they won`t stick around if they don`t see any return on investment. I imagine they`re seeing the club as opportunity to showcase their software but there will be limits to how much of a loss they`ll take. I`d seriously question how much the payroll has grown in a few years. Are these new roles earning their keep? Reply |
| 53. Author: coventrypar Date: Tue 4th Mar 2025. 00:09 There is no obligation of a small company the size of DAFC to share anything other than the minimum. We made a loss- it was covered by our previous owners. The new owners come in with a clean slate ( acknowledged by park bench when they took over). They are spending an additional £x a month on on loans/signings over a 3 month period to keep us in the Championship. All good in the `hood I think. We are now in a small time ... buy up potential stars and sell the 1 in 8 that make the grade...at the same time they get to showcase their software. Everyone wins. If they don`t have a club our new owners can`t show how their software works. And if it doesn`t succeed they are stuffed so there`s a lot of cash coming in to prove their model. They also seem willing to back the managers judgement as well as gift him players eg Raymond. Happy days at KDM East End Park Bench "If you have no kind words to say you should say nothing more at all" Reply |
| 54. Author: thebear Date: Wed 5th Mar 2025. 09:39 This is where my accountancy knowledge fails. Does this years loss take into account last years loss, both roughly a million, therefore this year we just held neutral Regardless of this a good fresh start. Reply |
| 55. Author: wee eck Date: Wed 5th Mar 2025. 09:47 No. each year`s result is a separate loss. Reply |
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