Chester next to go?

Mark kavanagh

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Just about to post that mate.... 75-90 k a month needed or they will go
 

iesty wfc

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Rivalry aside, never nice to see a club in peril. Over stretched themselves too much
 

Mark kavanagh

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Rivalry aside, never nice to see a club in peril. Over stretched themselves too much

Agree mate , we will take about 5000 tickets off them if we are in contention in april, just hope it helps. It will buy them a month hopefully...

We need to get the big boys involved to help out with money spinning freindlys , the seals wind me up but wouldnt wanna lose them
 

White Army

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At least we shouldn’t have a problem getting a ticket this season. I imagine the Alabi money now becomes a bit more important, be surprised if it’s anymore than 20k though.
 

Super_horns

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Not the first time for them sadly is it?
 

The Terminator

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Sad to see, I hope they pull through as well. Not good times down here.

It does seem though as previously mentioned, they've been badly managed again :eyes:
 

Bluandwite

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We should pull through this but it’s shocking mis-management by our board. To get in this mess again and only tell us about it now. Lost for words on how to describe it really.

In the short term there’s a strong chance that Leicester will pay their second instalment for Hughes early to help the cash-flow. The initial discussions with them on that have been positive.

Seen it all with us and continue to do so.
 

Railway Blue

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Rivalry aside, never nice to see a club in peril. Over stretched themselves too much

Too many managers to pay off, a CEO we can't really afford and gash players on inflated 2-year deals not to mention an utterly incompetent board.
 

Railway Blue

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When our abysmally out-of-his -depth chairman Johnny Hughes (yes Johnny who) was asked if he was resigning last night he refused, so we're still stuck with the goons, albeit volunteers who failed to flag this up in September when they were using our contingency fund to pay off McCarthy, etc. As a fan-owned club this should have been voted on.
 

iesty wfc

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were you there last night? heard it was quite a tense atmosphere!
 

Luke Imp

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Seems to have been a couple of season since we've had so many Club's looking dodgy financially. Always seemed as though there were 3 or 4 teams a season in our time in NL and only Torquay last season.
 

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Seems to have been a couple of season since we've had so many Club's looking dodgy financially. Always seemed as though there were 3 or 4 teams a season in our time in NL and only Torquay last season.
Yeah its been a couple of fairly quiet seasons in the AGM Cup. The Tor quay situation came to the fore in 2014/15. Nothing since then.
 

Seventyseven

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Seems to have been a couple of season since we've had so many Club's looking dodgy financially. Always seemed as though there were 3 or 4 teams a season in our time in NL and only Torquay last season.

Although we're not in Harltepool's (or Chester's) current financial predicament, this season has been a disaster from start to finish (let's face it, our season is finished as of now). We have an owner who wants nothing more than for Torquay United FC to fold so that he can achieve his dream of getting the Plainmoor freehold and raze the whole stadium to the ground for his own personal game (property development).

He's churned out a cringeworthy club statement which says that he's happy with the way things are (fucking right he is!) and that the 5-year plan of getting Torquay United back into the football league and having our own state-of-the-art stadium is on track. Beggars belief from someone who has bulldozed stadiums left right and centre without actually building one.

The only hope we have of surviving (or even challenging in NLS next season) is that the Mayor of Torbay stops Clarke Osborne from getting his grubby mits on the freehold. In which case, fingers crossed, he will sell up and walk away and find another team to destroy.

I don't profess to know the ins and outs of the Chester/Hartlepool situations, but it's not looking great for either club and I wish you both well in getting things sorted.
 

Tranmerewhite

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It Chester have any sense they’ll just give Tranmere 3 stands on April 7th.
 

Farleigh

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I don't know anything about football finances, but I do understand income needs to be equal to or greater than expenditure. Can't cost that much to hire an accountant to come up with a basic budget, and weed out any unnecessary waste. Slag off Maidstone's pitch all you want, but we are full time on crowds of little over 2000, while building a stadium from scratch, with a £200,000 annual profit.
 

Boz

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It Chester have any sense they’ll just give Tranmere 3 stands on April 7th.
Won’t that be down to Cheshire police, who are almost as ham-fisted when dealing with away fans as their North Wales counterparts.
 

Gibber_McGee

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I don't know anything about football finances, but I do understand income needs to be equal to or greater than expenditure. Can't cost that much to hire an accountant to come up with a basic budget, and weed out any unnecessary waste. Slag off Maidstone's pitch all you want, but we are full time on crowds of little over 2000, while building a stadium from scratch, with a £200,000 annual profit.

I'm interested in how you do it, as I can't work out how that adds up.

Say you make £10 from each paying supporter. That equals income of £230,000 from league crowds over a season. Even if you make the same again from off field activities, such as renting out your pitch, it's hard to see how you could pay taxes, pay for a full-time squad, rebuild your stadium, and make a profit of £200k a year on income at that level.

My club has crowds of more than double Maidstone's, and most positions at the club except for playing staff, the commercial manager and the secretary are taken by volunteers. We don't pay our players huge wages. It's still a struggle to break even and there is certainly no money left over to develop the ground or make significant profits.

You must have a huge and profitable off field operation?
 

Heathside

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I'm interested in how you do it, as I can't work out how that adds up.

Say you make £10 from each paying supporter. That equals income of £230,000 from league crowds over a season. Even if you make the same again from off field activities, such as renting out your pitch, it's hard to see how you could pay taxes, pay for a full-time squad, rebuild your stadium, and make a profit of £200k a year on income at that level.

My club has crowds of more than double Maidstone's, and most positions at the club except for playing staff, the commercial manager and the secretary are taken by volunteers. We don't pay our players huge wages. It's still a struggle to break even and there is certainly no money left over to develop the ground or make significant profits.

You must have a huge and profitable off field operation?

Technically we're 3/4 time not full time (only pay them 43ish weeks). Again like you we're virtually ran by volunteers (secretary, playing staff, commercial excluded). We have a very small playing staff and allegedly mid-tier when it comes to paying. What we don't have are things like data analysis, GK coaches etc etc. I personally think we're very Ryman league in that sense still, but it means we have a few more quid for players. It always amazes me when certain clubs visit us the size of their entourage with the playing side of things.

Although it's £15 on the gate I think in the recent BBC poll we were one of the most expensive season tickets too. We don't offer early bird & there's pretty much sod all incentive (savings) to be had getting a season ticket with the exception of guaranteed entrance to any big games (not so much an issue this season, but we've had a fair few sell-outs) & the laziness of not having to traipse to the club for all ticket games which the Kent Police seem keen on inflicting on us at the moment.

In terms of ground, we're building the bare minimum to cut costs (Owners specified this a couple of Q&A meetings ago). Our new sand for example is just a shell. They'll be furnishing it shortly, so when people say build the ground don't assume its fully kitted out!

It's not just the pitch that's rented out, it's the main clubhouse & Directors/corporate bit too. Most evenings there's something going on down there. It's a gripe with supporters that we're turfed out the clubhouse for 6pm due to private bookings!
 

Farleigh

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Would be interesting if an accountant could look at publicly filed accounts for Maidstone and explain them to a layman.

http://www.kentonline.co.uk/maidstone/sport/profits-of-boom-158944/

Let's say £10 a head times 2400 times 30 home matches (including cups and friendlies). Maybe £720,000? The other million must come from commercial activities, sponsorship and the pitch. Every time I go past at night the floodlights are on. We also don't have to hire a training ground.

So far the ground improvements have increased turnover; more covered standing for home and away fans. The modest 4 rows of seats will also be snapped up when built. The tricky part may come when trying to expand to FL level with no guaranteed financial return.
 
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Bluandwite

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Goalkeeper Alex Lynch sadly left today, following Tom Shaw’s departure last week. Also the lad we signed last Friday, Shep Murombedzi, just came for one game as a favour and played for free!

Sounds like a decent first day of donations at least, so there’s the start.
 

Mark kavanagh

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I should be shot for even thinking this but:

Oooo the irony now of the chester supporters waving banknotes at us in the town paddock and calling us smackheads.

Sorry decent seals. X
 

Railway Blue

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I'm interested in how you do it, as I can't work out how that adds up.

Say you make £10 from each paying supporter. That equals income of £230,000 from league crowds over a season. Even if you make the same again from off field activities, such as renting out your pitch, it's hard to see how you could pay taxes, pay for a full-time squad, rebuild your stadium, and make a profit of £200k a year on income at that level.

My club has crowds of more than double Maidstone's, and most positions at the club except for playing staff, the commercial manager and the secretary are taken by volunteers. We don't pay our players huge wages. It's still a struggle to break even and there is certainly no money left over to develop the ground or make significant profits.

You must have a huge and profitable off field operation?

Over £3m from their joint sugar daddies.
 

Darlo On Tour

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When our abysmally out-of-his -depth chairman Johnny Hughes (yes Johnny who) was asked if he was resigning last night he refused, so we're still stuck with the goons, albeit volunteers who failed to flag this up in September when they were using our contingency fund to pay off McCarthy, etc. As a fan-owned club this should have been voted on.

Exactly, this shouldn't be happening at a fan-owned club. We weren't prepared of running the risk of letting adagio for singh's back into our club.
 

Meadow

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Exactly, this shouldn't be happening at a fan-owned club. We weren't prepared of running the risk of letting adagio for singh's back into our club.

Indeed. You'd think that supporters of fan owned clubs would be aware of the pitfalls. Our trust board and management committee have been called to task on a number of occasions.
 

Farleigh

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Over £3m from their joint sugar daddies.
I don't know if owning a business turning over £1.7 million with a profit of £200,000 is considered a good financial return on an investment of £3 million. But in footballing terms it's probably highly unusual. I know of clubs whose owners have spent many times more than that and are still making a loss. Think of Maidstone being more like Amazon; a profitable business, but every penny reinvested for future growth rather than dividends.

Of course, it could all go wrong, but the current owners have shown over the years that they seem to know what they are doing. Quite a few lower non league clubs have also gone 3G in the hope of "doing a Maidstone". I wonder if it works with lower attendances.

Drilling down into the figures a little, apparently player and management wages are 30% of turnover, or around £500,000. Divide that by a modest squad of 20 and 43 weeks a year, that is around £580 a week. Not a fortune, but a decent wage apart from the unpaid summer. I don't know how that compares to other clubs in this league. I guess the £1 million a year that's not profit goes on wages, stewards, police, bar staff, utility bills etc.
 
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Railway Blue

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Agree mate , we will take about 5000 tickets off them if we are in contention in april, just hope it helps. It will buy them a month hopefully...

We need to get the big boys involved to help out with money spinning freindlys , the seals wind me up but wouldnt wanna lose them
We have 1,100 ST holders and the ground doesn't hold 5,000.
 

Mark kavanagh

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We have 1,100 ST holders and the ground doesn't hold 5,000.

Then you are gonna really struggle to raise the extra revenue in my opinion, you are in a town that predominately attracts supporters of the merseyside and manchester clubs , you have a council that couldnt wait to get you out of the city and , correct me if im wrong, tried to stop you holding an open top bus parade when you won the league as it would have affected retailers, and a board who from what seals have told me have not got a clue what they are doing commercially.

I know you have to take in 75-90 k a month to break even... how short are you a month?
 

Luke Imp

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What's the actual structure at Chester?

Someone on our forum thinks you're set up as an Industrial and Provident Society, which effectively means that there is no opportunity to buy any additional shareholding in the Club. If that's the case, it seems an unusual way of doing the whole fan owned thing and you've effectively strangled yourself. There's basically no room for error that way.

Not sure how Wrexham are set-up?
 

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