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 Falkirk's loss ....
Topic Originator: yorkiepar  
Date:   Fri 29 Nov 09:06

Reported that Falkirk posted a loss of £693,000 for the year to May 2019 following their relegation from the Championship. Jeez! For all the criticism of our Board on this forum (by some folk) I for one am grateful that they have kept our club on a (relatively) stable footing. Steady progress is what is required. Boom and bust is the alternative.
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 Re: Falkirk's loss ....
Topic Originator: parsfan97  
Date:   Fri 29 Nov 09:10

What progress are we making? 2 seasons ago we were in the playoffs yet now we are happy to just stay up?
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 Re: Falkirk's loss ....
Topic Originator: Paralex  
Date:   Fri 29 Nov 09:22

As the song title goes parsfan97 our day will come, look to the long term and be patient. The quick fix often fails as Falkirk have discovered.
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 Re: Falkirk's loss ....
Topic Originator: Westies squint kicks  
Date:   Fri 29 Nov 09:46

.....yet some would have you believe relegation from the Championship is no big deal.
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 Re: Falkirk's loss ....
Topic Originator: Parsbilly  
Date:   Fri 29 Nov 09:47

our begging bowl is still out and being topped up by a willing few
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 Re: Falkirk's loss ....
Topic Originator: parsfan97  
Date:   Fri 29 Nov 10:12

No paralex we have regressed last couple seasons
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 Re: Falkirk's loss ....
Topic Originator: alwaysaPar  
Date:   Fri 29 Nov 10:36

Quote:

parsfan97, Fri 29 Nov 10:12

No paralex we have regressed last couple seasons


Maybe because we tried to go big too soon and now we're paying for it..
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 Re: Falkirk's loss ....
Topic Originator: Lambo1885  
Date:   Fri 29 Nov 11:28

"No paralex we have regressed last couple seasons"

No, we regressed last season. This season, while we've change philosophy and direction, isn't anywhere near finished and there is still a fair chance we could finish in the play off.

Would you rather we threw money we don't have at it and end up like Falkirk?
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 Re: Falkirk's loss ....
Topic Originator: veteraneastender  
Date:   Fri 29 Nov 12:18

"Reported that Falkirk posted a loss of £693,000 for the year to May 2019..."

You have to assume the figure for the coming year to May 2020 will make even more unpleasant reading for the Bairns due to current lower league attendances ?

Some of the loss quoted above would be down to compensation paid to Morton for poaching Ray McKinnon I expect.
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 Re: Falkirk's loss ....
Topic Originator: Grant  
Date:   Fri 29 Nov 12:56

What was our most recent accounts?
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 Re: Falkirk's loss ....
Topic Originator: londonparsfan  
Date:   Fri 29 Nov 15:03

Our most recent set of published accounts show a profit but they won't this year based on the statement from the board reviewing last season:

https://dafc.co.uk/story.php?t=DAFC_Board_Statement:_End_of_season_2018/19&ID=11232

We differ from Falkirk in that we weren't chucking piles of cash at a squad that relegated us and as soon as our turnover dropped the board have responded by cutting the budget not doubling down on a strategy that is continuing to fail.

It's very likely that if the revenue recovers or some costs are no longer being incurred then we will see a modest increase in our playing budget.

I'd things get worse we'll likely see more cuts but last seasons losses do appear to be a one off.
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 Re: Falkirk's loss ....
Topic Originator: parathletic  
Date:   Fri 29 Nov 16:00

Nearly 16% down on average crowd thus far this season(5009 down to 4238) and continuing to fall and an early cup exit with a gate of 431 certainly won't help the cause. The board look up against it with their goal of increasing income.Let's hope costs have been reduced significantly enough to counter that.
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 Re: Falkirk's loss ....
Topic Originator: wee eck  
Date:   Fri 29 Nov 16:06

I doubt that the crowd at Stranraer was ever going to be a significant factor in our revenue budget. In any case, prudent boards never budget for Cup runs.
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 Re: Falkirk's loss ....
Topic Originator: parathletic  
Date:   Fri 29 Nov 16:32

I'm sure they haven't budgeted for it but any ties that followed would have helped massively in our situation.The last thing we need are free weeks. Scottish Cup revenue will clearly be down from last season which isn't good news coming off the back of a substantial trading loss.It's a fair assumption to make that we will actually have lost money in this season's cup.With the decrease in crowds it has to be a concern.We need to maximise any money making opportunities that present themselves.
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 Re: Falkirk's loss ....
Topic Originator: jake89  
Date:   Fri 29 Nov 16:34

Key thing is cutting our cloth accordingly. I'd expect a lot of things are being done for free by our fantastic volunteers or at mates rates.

For last year it'll presumably include the cost of paying off a management team.

I'd imagine our playing budget also reduced over the last financial year (assuming this is 18/19) with the loss of some high earners in the summer of 18.
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 Re: Falkirk's loss ....
Topic Originator: londonparsfan  
Date:   Fri 29 Nov 16:50

Quote:

parathletic, Fri 29 Nov 16:00

Nearly 16% down on average crowd thus far this season(5009 down to 4238) and continuing to fall and an early cup exit with a gate of 431 certainly won't help the cause. The board look up against it with their goal of increasing income.Let's hope costs have been reduced significantly enough to counter that.


The cup exit was extremely disappointing as it was a very winnable game and every penny is a prisoner at the moment.

On the average attendance front I don't think we can draw too many conclusions until the end of the season when we've played everyone twice at home and away and we know exactly how many folk have been through the door. Did we not have an issue with the previous attendance figures being swelled by including free season ticket holders in those figures so it's not a like for like comparison?
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 Re: Falkirk's loss ....
Topic Originator: parathletic  
Date:   Fri 29 Nov 17:15

You could be right with regards to the crowds as there has been some creative ways of calculating them but visually they appear to be down.If you take some like for likes we played QOTS on 2nd November this year in front of 3621 and we played them last season on 20th October in front of 4443.We played ICT this season on 14th Sep (3446) against last year 1st Sep(5138).We played Alloa on 21/9(3496) and last year on 15/9(4568) It does depend on calculation methods but whatever ways it's calculated that isn't encouraging.

Here's hoping for a run of results which would hopefully help to entice the crowds back.
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 Re: Falkirk's loss ....
Topic Originator: GG4  
Date:   Fri 29 Nov 19:19

How much did we get for Jackson Longridge? Should offset it a bit?
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 Re: Falkirk's loss ....
Topic Originator: summeragent  
Date:   Fri 29 Nov 19:42

...plus the money for the Celtic game.

Why do people think we either have to stay as we are or lose £693k as Falkirk did. If we appoint a good manager who gets us playing as a team the crowds will come back he will more than pay for himself. If we have got ourselves in a position where we have a big severance payment then that is not good club stewardship. However I don’t believe the BOD would have got the club into that position.

Tomorrow’s game is a big one. If we win gets a bigger gap on Partick plus all the other teams around us play the teams at the top. If we lose we are back in the dog fight 😱.
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