What did you expect?

Judge us by our actions said Neerav
Guess we will then

 

Last time we were in League One the spreadsheet worked. We've got out of the Division the last twice we've been in it.

 

It took 18 months and the signing of Hammill, Kevin Long & Aidy White to really kick in though and after spending decent money on up and coming lads in Hourihane, Winnall, Scowen & Mawson in the first twelve months where we let them be ****. We're 3 months in at the minute.

 

I’d expect the same level of support Patrick was able to supply from people far richer than he ever was. Not massive investment but some. If we go into the rest of the season with this forward line relegation is a definite possibility.

 

Why though? They've never put anything in from the start & have said they won't? So why are you expecting more?

It's blatantly obvious what's happening yet people are just pretending it's not real/true & wanting something that's never gonna come true. Like me shagging the office manager from Mad Men.

 

Let me try for a different angle.

Last time we were in league one we had total revenue of £7.8m. The payroll was £8.1m and total costs were £12.8m (salary costs are included in this).

So a year in league one with a salary roll of £8.1m results in a loss of £5m. Last time the club had cash on balance sheet and managed to offset some of these losses with the sale of Brad Potts but the operating loss excluding transfers was £5m.

So coming in to this year we have no cash and a payroll of £14m (based on accounts filed to May 2021). If we were to carry on with reduced revenue with the same payroll (no sales and no transfer fees) expected losses would be £11m. The payroll is £6m higher than last time and last time's losses were £5m. So if we reduce the payroll back to £8m, a £6m reduction we can expect a similar loss of £5m.

Now we have no cash on balance sheet so to maintain a loss of £5m we need to generate £5m of transfer fees as we can't use reserves as they have gone. On top of that the EFL loan needs repaying £1.8m hence why the club need to raise around £7m in transfer fees.

Put it all together it means the payroll needs to come down by £6m and £7m of capital needs to be raised.

Hopefully this explains it better.

 

1st time patrick loaned the club money to make signings like conor winnall scowen and it took time.

2nd time we already had a good squad who shouldnt have been relegated just 2 managers had a mare. Brad potts, davies, yiadom, pinnock, lindsay, moore, mowatt, bradshaw. Far better squad than the one just relegated

 

It's the owner's what got us is this mess, it's them that should get us out.

 

last time we got relegated the current board retained the nucleus of the team and invested significant money in Woodrow. So your analogy is a bit ****.

 

We needed £5m investment last year to earn about £8m in Champ revenue more this year than we get this year in L1. No point saying balance books. Invest to not need to! Reap reward by staying up. Don’t even see point in us going up (Mark McGhee finally right) because we won’t ‘stabilise’ like they always say.

 

We got woordrow for free but fulham had a large sell on. They were able to keep most of the squad due to the fact they were left a decent pot from the previous owner we had cash in the bank. Though we still sold potts half way through a promotion push.

There not here to invest there own money.

 

There was an undisclosed fee for Woodrow and significant wages.

 

Get it. Ta very much.

I suppose that assumes that we intend to break even / make a profit this year which I imagine feels unlikely or not particularly steeped in reality. We've not done that since 2017 when we made an operating profit of .4m (I'm studying for an MBA at the minute and I based my finance module on BFC accounts these last five year s I've just been scouring the spreadsheet again getting PTSD)

 

It was less than what we sold bradshaw to millwall for.

 

Yes we sold a player to balance the book spending s portion of that to improve the team while keeping the nucleus together. Here we have sold everyone and replaced them with no one. If we don’t changed that approach in the next 55 minutes it’s gonna be a real struggle to stay in the league.

 

I don't think it is - last time we retained a nucleus of players that we'd only bought twelve months before and had been **** in the Championship & some **** in League One (Mowatt). Granted the squad was better than we have now, but it was only retained because I doubt many people wanted Liam Lyndsay or Ethan Pinnock. I'm pretty sure if they did, we'd have let them go just like we did Potts & Bradshaw.

All the players we've now sold have been here at least two years, some more, and are at the end of their 'cycle' with us. It's just all a bit f.cked and we're stuck in a corner. I'm rambling now I don't even know what I'm saying.

 

So we had 6 million in the bank left by the ex owner. We sold our striker to millwall and brought in another striker for less money it was good business at the time. No money was needed to be invested by the owners.

This time were -6million sold anyone we can for poor fees to balance the books were skint and dont have a life long fan to bail us out this time... unless someone on the bbs has a few million spare?

 

Thanks for the Accountants view, you're probably not far wrong but if it's under pinned by am expectation that Barnsley fans will turn up no matter what then I think the deficit will outstrip expectations, far too brow beaten now, chuck in the cost of living uplift, might need to reassess the balance sheet to take into account another relegation fight.

 

This aswell no one expected mowatt or pinnock to be as good as he was although he never really got a look in under previous head coaches.

 

relegation cost is all the money Patrick left and more so while I despise the current board they did modestly invest. Now they are literally doing sod all to improve the weakest team in memory.