Where has the Stones/Mawson/Roberts etc brass gone?

Discussion in 'Bulletin Board' started by cakeypig, Jan 5, 2019.

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  1. Loko the Tyke

    Loko the Tyke Administrator Staff Member Admin

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    You do realise that transfer fees are very rarely paid in one lump sum? Probably got another couple of years of Stones money still to come.

    We also lost £6 million in revenue this year and have an additional £1 million a year to pay versus other teams in this league because of our academy license. I’m sure some did go to the ‘sky rocket’ but we’ve also formed out a lot ourselves.
     
    Loko the Tyke, Jan 7, 2019
    #41
  2. Redstone

    Redstone Well-Known Member

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    Well I kind of guessed that but again we don't know how they plan on going about that. Do they want to invest to grow the club get higher up the league system and make a profit. Or is it any old profit will do, sell sell sell.
     
    Redstone, Jan 7, 2019
    #42
  3. ScubaTyke

    ScubaTyke Well-Known Member

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    Why? It is a business, it should be done legally but I see no requirement for openly.....
     
    ScubaTyke, Jan 7, 2019
    #43
  4. Young Nudger

    Young Nudger Well-Known Member

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    I’m not an accountant.
    However, I have read the fair play rules and directors cannot loan money to the club.
    Whether this came into practice before a loan was made by Patrick I dont know.

    In reality - the clubs money is actually Patrick’s money.
    He owns the business.
    He gave money to the club - so in my view any money made in selling players should be Patrick’s money - money recouped from years of keeping the club going.
    I think Patrick was subsidising the club in the region of £2 to £4 million per year - and he had the club for 14 years - so at a guess yer looking at £30+ Million he spent on the club.
    If Patrick’s family recouped some of that money through recent transfers then that’s more than ok by me.
     
    Young Nudger, Jan 7, 2019
    #44
  5. Gally

    Gally Administrator Staff Member Admin

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    Sounds like you've read the SCMP rules for leagues one and two. The FFP rules for the championship are different and owners can loan clubs money and they can make large losses (up to 13m a year over 3 years).

    FFP - Champ
    http://www.financialfairplay.co.uk/financial-fair-play-explained.php

    SCMP - League One
    http://www.financialfairplay.co.uk/scmp.php

    Do agree with you though that Patrick shovelled an awful lot of money into the club over the 14 years and was entitled to whatever loans he recouped although I seem to remember him writing some of them off at one point.
     
    Gally, Jan 7, 2019
    #45
  6. Arc

    Archerfield Well-Known Member

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    Let's not underestimate the amount of support Patrick gave to the club in both his own time and financially. Looking at our accounts over the last 14 years is sobering reading. For every fleeting high there have been some horrible lows. Our turnover more than halved with the drop to League one in 2014. Without Patrick underwriting our debt and providing personal contributions to the club our ongoing position would have been under pressure for long periods of time.

    In 2008 he wrote off nearly £5m of loans to the club, this was followed by personal contributions of £840,000 in 2014 and another £400,000 in 2016. Along with the contribution of £6m he also had loans of over £6m at the time of the takeover which I believe were repaid.

    When we sold players under his tenure, although not welcomed, it was fully understandable. In the new regime it just feels a bit different.
     
    Archerfield, Jan 7, 2019
    #46
    Loko the Tyke, Gally and Marlon like this.
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