Unaudited loss as of 31 May 2006

Discussion in 'Bulletin Board ARCHIVE' started by Jax, Aug 4, 2006.

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  1. S.M.

    S.M. Well-Known Member

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    Alternative stratgey

    sell some assets. Flinders was the only footballing asset, and I think land sales must be on the cards. if we're to stand a fighting chance of staying up, we're going to have to speculate a little, maybe in the loan market, cos a season long relegation battle with us in the main getting beaten, could do lasting damage. if we're expecting the wage bill to decrease this season, after getting promoted to a higher league, I'm very, very worried indeed.

    tricky to find the balance I accept, but its about football, at the end of the day, innit?
     
    S.M., Aug 4, 2006
    #21
  2. BFC Dave

    BFC Dave Well-Known Member

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    RE: Alternative stratgey

    of course it is mate, if you were to look at it as you would any other type of business ie dispassionatly you wouldn't touch it with a barge pole. But we're fans and you can't just swap as you would from asda to tesco.</p>
     
    BFC Dave, Aug 4, 2006
    #22
  3. nezbfc

    nezbfc Well-Known Member

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    soooo....

    what happened to the

    if we get in the play offs, pull huddersfield and get to cardiff and that will wipe out our debt.

    Have I dreamt this? or misread it completely!!!!
     
    nezbfc, Aug 4, 2006
    #23
  4. BFC Dave

    BFC Dave Well-Known Member

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    RE: soooo....

    I doubt whether that was the statement, it may have been we could breakeven.
     
    BFC Dave, Aug 4, 2006
    #24
  5. Dys

    Dyson Well-Known Member

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    RE: soooo....

    Exactly. It would have wiped out our loss for last season. Not the complete debt.
     
    Dyson, Aug 4, 2006
    #25
  6. Spa

    Spartacus Well-Known Member

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    so.

    .this debt?</p>

    To whom are we indebted? what for??</p>

    This has not been mentioned before...other than vague rumours of 1.5m loan.</p>

    I am sure GS said that the Play off's and promotion may well put us straight..??</p>

    Is this money that PC and the council has put in and now wants back? Does gordon wnat to buy back the assets?</p>

    I am flabbergasted if we owe that sort of cash.</p>

    Its more than a bit bizzare that we went into administration for debts of less than 1m, we now have no assets as they were bought off to fund the debts, we now have dispensed with the long term high earner pay offs??</p>

    Have heard somany different tales that I have yet to be convinced as to what has gone on over the last 4 years that we have been stripped of our assets yet owe 4/5/6m quid??</p>
     
    Spartacus, Aug 4, 2006
    #26
  7. Tyk

    Tyketical M'stroke New Member

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    RE: Alternative stratgey

    I didn't think we owned any land to sell?
     
    Tyketical M'stroke, Aug 4, 2006
    #27
  8. nezbfc

    nezbfc Well-Known Member

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    aah!

    Cheers for that,

    misread it then..

    so where as 6M come from,

    I also thought I read it was 3.5 (ish) then down to 1.5 (ish) (or are these the presicted losses and not the total

    I must say, 6M has really shocked me, didn't think it was like that
     
    nezbfc, Aug 4, 2006
    #28
  9. Dys

    Dyson Well-Known Member

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    RE: Alternative stratgey

    "We" don't. Cryne and council do.
     
    Dyson, Aug 4, 2006
    #29
  10. BFC Dave

    BFC Dave Well-Known Member

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    RE: so.

    The Club has minimal assets, the Ground etc is held in a seperate company Oakwell community assets. PC and the council bought the shares in that company at £2m each (not normally repayable) that is their investment. There is a loan from PC and the council of £.75m each. This will atract interest if not repaid by Oct 06. It does not mean it has to be repaid, it's just there can be interest. 
     
    BFC Dave, Aug 4, 2006
    #30
  11. nezbfc

    nezbfc Well-Known Member

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    we did until a certain you know who....

    decided to split them in 2 and hope to sell to build houses...

    now its Council & Cryne = Land
    Club (football side) = ????? (bugger, forgot)


    Why aint things just simple anymore
     
    nezbfc, Aug 4, 2006
    #31
  12. BFC Dave

    BFC Dave Well-Known Member

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    RE: aah!

    £5.3m you've just lost another £700K are you PR in disguise ?
     
    BFC Dave, Aug 4, 2006
    #32
  13. Tyk

    Tyketical M'stroke New Member

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    RE: Alternative stratgey

    Quite. So land sales to raise cash/reduce debt as suggested by S&amp;M are out of the question, no?
     
    Tyketical M'stroke, Aug 4, 2006
    #33
  14. nezbfc

    nezbfc Well-Known Member

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    sorry, you lost me on that one
     
    nezbfc, Aug 4, 2006
    #34
  15. BFC Dave

    BFC Dave Well-Known Member

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    RE: sorry, you lost me on that one

    you say the deficit was £6m when actually it should be £5.3m therefore you've 'lost' another £700k are you ridsdale in disguise ?[​IMG]
     
    BFC Dave, Aug 4, 2006
    #35
  16. Spa

    Spartacus Well-Known Member

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    So to whom do we owe the remaining 2.5/3.5/4.5 million

    and how was this alledged debt accumulated?</p>
     
    Spartacus, Aug 4, 2006
    #36
  17. nezbfc

    nezbfc Well-Known Member

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    RE: sorry, you lost me on that one

    get what you mean now....

    just took it from above, but obviously that says "nearly" 6, instead of reading it properly at 5.3...(seestars)
     
    nezbfc, Aug 4, 2006
    #37
  18. Redstar

    Redstar Well-Known Member

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    These debts are not "new" debts

    Just money that is owed to Cryne and the Council and others when they bought the club
     
    Redstar, Aug 4, 2006
    #38
  19. Gud

    GudjonFan Well-Known Member

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    Where did you get the 2.5 / 3.5 / 4.5 million figure from?

    Is it in the Chronicle?
     
    GudjonFan, Aug 4, 2006
    #39
  20. BFC Dave

    BFC Dave Well-Known Member

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    RE: So to whom do we owe the remaining 2.5/3.5/4.5 million

    I don't know to whom it is owed the accounts don't show that information, but accumulated losses soon rack up the debt. </p>
     
    BFC Dave, Aug 4, 2006
    #40
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