8. Why everyone looks to focus on the negatives when the clubs just managed to raise half a million in just over 2 weeks, won two good games and had extensive support throughout.



Read that then think how much more of a prospective investment the club becomes to individuals and businesses looking for advertisement.



There are questions to be answered just not yet, firefighters don't look to point the blame while their putting out the fire.



Atki

The club (as constituted) hasn't raised it, the supporters of the club have raised the money and supporters from other clubs. That is amazing, and a huge achievement, but means little if the owners of the club, as opposed to the supporters, aren't going to use it appropriately and to ensure we can continue to enjoy success on the field - i.e. by selling our best young players to raise the next £500k (as reported by a well respected journalist after speaking to the present Chairman.



To extend your metaphor a firefighter wouldn't put out a fire and then hand a can of petrol and matches back to the arsonist who had just torched the place.

If we were losing that £100K per month it would be £1.2 million over a year and whilst I'm not one of the accounts watchers I don't think they show that kind of loss.

The 2010 accounts showed a loss of just over £300k.

Pretty certain there will be months where we 'lose' 100k, likewise there will be months where we 'make' 500k. It's the nature of our income streams where we have several large payments spread over year with little in between. Think it's a case of selective quoting of figured without putting them in context to make a headline.

Sounds more likely....I hope.

That's the one area where the cheap pledge tickets caused us some problems. With standard prices there would always be more walk-ins spread throughout the year for home games. The cheap tickets made sure that apart from away fans, the majority of ticket income was pre-season. There were many other benefits to the pledge ticket deals but this was not one.

That is where the overdraft comes in useful. Damn banks!!

Are we still blaming RBS for this?



As I understand it:



1) We owed them £150k



2) We asked them to increase that.



3) They said no, and cut the facility.



4) We then announced that we need £1m to survive the season.



Weren't they proved right? They may have acted in a very heavy handed manner, but would we have been better off if they'd lent us another £100-200k?

Would this loss include the "extraordinary" payments being made to another club rumoured to be a round £300,000 PA. If so this would have been around break even which would be a reasonable year.

Good point



Might be worth remembering why were making these payments - maybe through an article in the T&A

Overdraft facility was agreed with Nat West and much higher than £150,000

Written agreement was in place to reduce over a "reasonable" period (many months)

Substantial headroom was achieved in mid March way ahead of agreed schedule at which point bank pulled the plug

VAT for last 2 seasons not an issue. Check accounts and do the math

2011 accounts will show a profit

Business model after November shows neutral income and expenditure