DAFC.net
Home 24 November 2024 
 Post Message  |  Top of Board  |  Search  |  Log In   Forum Rules  |  Newer Topic  |  Older Topic  |  end 
[ please login to use the Like feature ]
 Further update
Topic Originator: wee eck  
Date:   Sat 24 Aug 12:58

A brief update has been posted on COWS. GmbH have appointed an investment broker to help with the sale of their shares. All directors welcome the recent additions to the squad and anticipate more.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Berkey  
Date:   Sat 24 Aug 13:31

Seen that, can’t help but think if they just released the cash a month ago things would have been so much different.

We’re bottom of the table and i don’t think we are necessarily underperforming either. Players brought in to start games are much needed.

The post below replying to me is by one of .nets finest champions of mediocrity!
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: SeasonedPar  
Date:   Sat 24 Aug 13:39

Quote:

Berkey, Sat 24 Aug 13:31

Seen that, can’t help but think if they just released the cash a month ago things would have been so much different.

We’re bottom of the table and i don’t think we are necessarily underperforming either. Players brought in to start games are much needed.


Don’t mind agreeing with that.

More optimistic for this afternoon, looking out for the updates!
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Higgys Mohawk  
Date:   Sat 24 Aug 13:39

The irony of the whole situation is that if they had released the funds earlier then all of us evil fans wouldn’t have been so angry…and the team might have been stronger.

They are becoming a laughing stock with their statements. This one is basically a statement to say they’ll be saying nothing.

Cheers lads.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: buffy  
Date:   Sat 24 Aug 13:49

Rather have the statements from the club advising the fans what’s happening than the condescending tripe from GmbH.

”Buffy’s Buns are the finest in Fife”, J. Spence 2019”
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: buffy  
Date:   Sat 24 Aug 13:50

Sorry SeasonedPar I’m not there today.

”Buffy’s Buns are the finest in Fife”, J. Spence 2019”
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Westies squint kicks  
Date:   Sat 24 Aug 13:56

The statement reads as from the local board members and it feels like an attempt to create communication with supporters which we should welcome.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: da_no_1  
Date:   Sat 24 Aug 13:58

Quote:

Westies squint kicks, Sat 24 Aug 13:56

The statement reads as from the local board members and it feels like an attempt to create communication with supporters which we should welcome.


This

"Some days will stay a 1000 years, some pass like the flash of a spark"
[IP address logged]
Report Abuse   Reply To This Message
-
 Re: Further update
Topic Originator: nightboat  
Date:   Sat 24 Aug 14:34

Spot on Westies. Thats how I read it. Also does suggest there is already some interest.

[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: NMCmassive  
Date:   Sat 24 Aug 14:43

It’s more communication from the club which is what we’ve all been missing really.

COYP
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Indiapar  
Date:   Sat 24 Aug 14:58

Communication is key. Personally, I read the GMBH statement slightly differently and that there was a difference in the direction that the various stakeholders wanted to go. As a fan, I didn`t take their statement about the supporters personally. It`s their view grounded in some truth with respect to an element of the support. The recent report commissioned by the SFA cited the lack of development of younger players was due to several factors that I would say GMBH tried to address in their approach. You can agree or disagree with that approach, but I think bigger picture, an investor with deep pockets coming in to buy success for the club will not be sustainable. It`s a more cultural change in the game that is needed that may take some time to achieve. I think it is reasonable to say that there needs to be investment in the first team to buy time on the developmentaspect. What I would say is that they have left the club in a better position than they found it. Sometimes, things don`t work out how you hope. This is just one of those occasions in my view. With new players coming in, hopefully, we will lift everyone out of the gloom and and the club can push on to a successful season.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: summeragent  
Date:   Sat 24 Aug 15:45

Quote:

Indiapar, Sat 24 Aug 14:58

Communication is key. Personally, I read the GMBH statement slightly differently and that there was a difference in the direction that the various stakeholders wanted to go. As a fan, I didn`t take their statement about the supporters personally. It`s their view grounded in some truth with respect to an element of the support. The recent report commissioned by the SFA cited the lack of development of younger players was due to several factors that I would say GMBH tried to address in their approach. You can agree or disagree with that approach, but I think bigger picture, an investor with deep pockets coming in to buy success for the club will not be sustainable. It`s a more cultural change in the game that is needed that may take some time to achieve. I think it is reasonable to say that there needs to be investment in the first team to buy time on the developmentaspect. What I would say is that they have left the club in a better position than they found it. Sometimes, things don`t work out how you hope. This is just one of those occasions in my view. With new players coming in, hopefully, we will lift everyone out of the gloom and and the club can push on to a successful season.


Have they left the club in a better position? I don’t see that but happy to be enlightened.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: parsfan  
Date:   Sat 24 Aug 15:47

Quote:

Indiapar, Sat 24 Aug 14:58

What I would say is that they have left the club in a better position than they found it.


They haven`t left yet.

While I hope that turns out to be the case, we won`t know until they`ve gone and the £1M+ they`re owed by the club has been settled. One way or another.

~~~~~~~~~~~~~~~~~~~~~~~~
The universe is ruled by chance and indifference



[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: DBA  
Date:   Sat 24 Aug 16:04

Quote:

parsfan, Sat 24 Aug 15:47

Quote:

Indiapar, Sat 24 Aug 14:58

What I would say is that they have left the club in a better position than they found it.


That`s fundamentally false and a worrying assessment tbh.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: nick_dafc1  
Date:   Sat 24 Aug 16:06

Quote:

summeragent, Sat 24 Aug 15:45

Quote:

Indiapar, Sat 24 Aug 14:58

Communication is key. Personally, I read the GMBH statement slightly differently and that there was a difference in the direction that the various stakeholders wanted to go. As a fan, I didn`t take their statement about the supporters personally. It`s their view grounded in some truth with respect to an element of the support. The recent report commissioned by the SFA cited the lack of development of younger players was due to several factors that I would say GMBH tried to address in their approach. You can agree or disagree with that approach, but I think bigger picture, an investor with deep pockets coming in to buy success for the club will not be sustainable. It`s a more cultural change in the game that is needed that may take some time to achieve. I think it is reasonable to say that there needs to be investment in the first team to buy time on the developmentaspect. What I would say is that they have left the club in a better position than they found it. Sometimes, things don`t work out how you hope. This is just one of those occasions in my view. With new players coming in, hopefully, we will lift everyone out of the gloom and and the club can push on to a successful season.


Have they left the club in a better position? I don’t see that but happy to be enlightened.


Leaving it with a squad that`s headed for relegation.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Berkey  
Date:   Sat 24 Aug 16:49

The value of the club is going down every Saturday at this point.

If it takes a few months to sort a deal out surely the buyers would seek to renegotiate if it looks likely we’ll get relegated and they might have to create a Jan budget for more players and a new management team?

The post below replying to me is by one of .nets finest champions of mediocrity!
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Berry  
Date:   Mon 26 Aug 19:23

On LinkedIn, David Cook has liked a post from a Dr. Tom Markham, football consultant.

‘Football club investment opportunity - progressive Scottish club with huge potential. DM for further details’

Doesn’t sound like we have multiple suitors from that.

A Dr James Mahon, TV/Radio Journalist looks to have reached out off the back of it.

Post Edited (Mon 26 Aug 19:25)
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: cfad  
Date:   Mon 26 Aug 19:24

We’re being sold on LinkedIn - jeez
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: GJS93  
Date:   Mon 26 Aug 19:33

Markham was involved in the last investment, maybe he started it on linkedin that time too.

[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: red-star-par  
Date:   Mon 26 Aug 19:43

Quote:

GJS93, Mon 26 Aug 19:33

Markham was involved in the last investment, maybe he started it on linkedin that time too.


Yep, the Courier reported that back in 2021 when Ross McArthur and the Hamburg group took over. Not sure if he was working on behalf of the old board or GmbH at the time

"The introduction came through respected financial mind Dr Tom Markham and swiftly accelerated to a meeting in DAFC Fussball GmbH’s offices in Hamburg"
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Dave_1885  
Date:   Mon 26 Aug 22:41

Quote:

Berry, Mon 26 Aug 19:23

On LinkedIn, David Cook has liked a post from a Dr. Tom Markham, football consultant.

‘Football club investment opportunity - progressive Scottish club with huge potential. DM for further details’

Doesn’t sound like we have multiple suitors from that.

A Dr James Mahon, TV/Radio Journalist looks to have reached out off the back of it.


Progressive is a bit of a stretch……and the “huge potential” may dwindle quickly this season.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: jake89  
Date:   Mon 26 Aug 22:48

I`d say there is definitely huge potential. The fanbase is significant, the overheads low. Just need someone who understands it`s a long term investment and there will be many lows before any highs.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Raymie the Legend  
Date:   Mon 26 Aug 23:19

Investment usually suggests an opportunity for financial gain? Can’t think of too many other than wee Fergus McCann that’s walked away with a few quid?




It`s bloody tough being a legend
Ron Atkinson - 1983
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: thebear  
Date:   Tue 27 Aug 00:09

Sadly the fans, or should b I say some forum contributors, don`t see it as a long term investment, they want instant spend now to get success, problems is if we "genuinely" don`t have the funds for various reasons, we will be in admin in two years

I am still very hopeful we will turn the season round and stay in this div, but if we don`t, it devalues the club.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: nick_dafc1  
Date:   Tue 27 Aug 02:25

Quote:

thebear, Tue 27 Aug 00:09

Sadly the fans, or should b I say some forum contributors, don`t see it as a long term investment, they want instant spend now to get success, problems is if we "genuinely" don`t have the funds for various reasons, we will be in admin in two years

I am still very hopeful we will turn the season round and stay in this div, but if we don`t, it devalues the club.


Rubbish, the fans only want to see the money that is coming in through ticket sales to be spent adequately on players, the same as every other club in the league.

No one wants the owners to spend fortunes of their own money to get the team the SPL.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: wee eck  
Date:   Tue 27 Aug 10:40

Partick Thistle are holding a Q&A with fans tonight as part of a campaign to raise £500k to avert cash flow problems. A long statement on their website outlines the major financial issues for a club in the Championship trying to progress to the Premiership. Much of it sounds very familiar.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Rusty Shackleford  
Date:   Tue 27 Aug 10:52

Quote:

wee eck, Tue 27 Aug 10:40

Partick Thistle are holding a Q&A with fans tonight as part of a campaign to raise £500k to avert cash flow problems. A long statement on their website outlines the major financial issues for a club in the Championship trying to progress to the Premiership. Much of it sounds very familiar.


It`s ok Eck because Celtic just sold O`Reilly for £25m and will get similar from the Champions League so we should be very, very grateful for that.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: veteraneastender  
Date:   Tue 27 Aug 10:58

Quote:

jake89, Mon 26 Aug 22:48

I`d say there is definitely huge potential. The fanbase is significant, the overheads low. Just need someone who understands it`s a long term investment and there will be many lows before any highs.


Is that not the same scenario as when the Germans came onboard ?
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: saltonsgonagetu  
Date:   Tue 27 Aug 13:06

From the Partick statemant ,Since then, the Club Board and its directors present and past, alongside the trustees of majority shareholder The PTFC Trust, have worked tirelessly to improve the club’s overall financial health. There have been many positive developments on this front, thanks in no small part to the unrelenting support of Thistle fans.

In the most recent financial year, we made a loss of £170,000 in our accounts which are currently being audited. This is an improvement of £186,000 on the previous financial year and we are working to build on this in the current financial year.

However, the realities of competing in the second tier of Scottish football mean that, until promotion is achieved, maintaining a position of break even or better is usually only possible in one of a few ways:

lucrative cup runs (mainly through playing Celtic or Rangers, which we last did in February 2023)
player trading
increased revenues from commercial partners and supporter groups
The absence of the first two components during the past 18 months, compounding the significant losses inherited from 2022/23, is why the £500,000 investment in the club in October of last year was so critical.

[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: NMCmassive  
Date:   Tue 27 Aug 13:12

Quote:

Rusty Shackleford, Tue 27 Aug 10:52

Quote:

wee eck, Tue 27 Aug 10:40

Partick Thistle are holding a Q&A with fans tonight as part of a campaign to raise £500k to avert cash flow problems. A long statement on their website outlines the major financial issues for a club in the Championship trying to progress to the Premiership. Much of it sounds very familiar.


It`s ok Eck because Celtic just sold O`Reilly for £25m and will get similar from the Champions League so we should be very, very grateful for that.


Are saying Celtic should have to share out the money from the O’Riley sale?

COYP
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Raymie the Legend  
Date:   Tue 27 Aug 13:17

So Partick lost £170K whilst we lost £1M?

WOW!




It`s bloody tough being a legend
Ron Atkinson - 1983
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: saltonsgonagetu  
Date:   Tue 27 Aug 13:35

Quote:

Raymie the Legend, Tue 27 Aug 13:17

So Partick lost £170K whilst we lost £1M?

WOW!


Reduced from £356k in 22/23 would have been 600k but for cup game at Ibrox

[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: nick_dafc1  
Date:   Tue 27 Aug 13:36

Quote:

Raymie the Legend, Tue 27 Aug 13:17

So Partick lost £170K whilst we lost £1M?

WOW!


We always get put out the cups in first rounds we enter, so that doesn`t help with prize money and gate money.

We also probably lost more than most last year due to the amount of players seeing specialists for injuries.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: saltonsgonagetu  
Date:   Tue 27 Aug 13:46

Spartans will bank approximately 200k in thier cup run ,which should have been us .

[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Raymie the Legend  
Date:   Tue 27 Aug 13:47

"We also probably lost more than most last year due to the amount of players seeing specialists for injuries."

That`s true but it can`t account for such a disparity? The thing is, the fans will never know with only abbreviated accounts published, probably for that very reason?




It`s bloody tough being a legend
Ron Atkinson - 1983
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: jake89  
Date:   Tue 27 Aug 14:25

Quote:

veteraneastender, Tue 27 Aug 10:58

Quote:

jake89, Mon 26 Aug 22:48

I`d say there is definitely huge potential. The fanbase is significant, the overheads low. Just need someone who understands it`s a long term investment and there will be many lows before any highs.


Is that not the same scenario as when the Germans came onboard ?


No. They seem to have underestimated how much money is needed upfront to build in that sustainability. Despite what they think,.few fans were expecting them to splash cash. They were expecting consistency and for things like the academy to be developed as a long term function. Instead, it appears first team budget was diverted to the academy.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: veteraneastender  
Date:   Tue 27 Aug 14:43

The Germans were (and are) the major shareholders were they not ?
Therefore it appears that any perceived misdirection of funds happened on their watch.

I`m not sure the "overheads are low claim" stands scrutiny - like any business football clubs have significant weekly/monthly/annual outgoings.

[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: jake89  
Date:   Tue 27 Aug 14:56

Overheads could be lower but it`s not like we`re an expensive club in the grand scheme of things. It`s a bit like gambling. We offer low odds so the risk is lower but so is the potential return.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Stanza  
Date:   Tue 27 Aug 15:54

Quote:

Raymie the Legend, Tue 27 Aug 13:17

So Partick lost £170K whilst we lost £1M?

WOW!


I think it`s worth reading some of the PTFC Board statements over the last couple of years (google "partick thistle board statements"). These make it clear the club was in serious danger of being unable to pay players` wages in the last year, and that their assets still only just exceed their liabilities, leaving them desperately short of cash to meet an unexpected event. Plus, there has been civil war at Board level, with mass resignations, removal of directors and legal action.

Don`t for a minute think that PTFC has been much better run than DAFC - they`ve burned their way through all Colin Weir`s lottery money, and have only survived thanks to the Feb 2023 Cup match at Ibrox and large cash injections from wealthy supporters. They`re still majority fan-owned, which is a definite plus in my eyes, but are now seeking more private investment which will dilute that fan ownership.

What the present PTFC Board is doing very well is communicating to the fans what has been going on and what the new money is needed for.

Financing a Championship club that has ambitions to get promotion is difficult without very deep pockets.

_________________

Support Dunfermline Athletic Disabled Supporters` Club (DADSC) when you shop online with one of 8000 firms: https://www.easyfundraising.org.uk/causes/dadsc[

Post Edited (Tue 27 Aug 15:56)
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: LochgellyAlbert  
Date:   Tue 27 Aug 16:43

Quote:

jake89, Tue 27 Aug 14:56

Overheads could be lower but it`s not like we`re an expensive club in the grand scheme of things. It`s a bit like gambling. We offer low odds so the risk is lower but so is the potential return.


Did we not have an upgrade to the floodlights and a problem with undersold heating?

Or did the "owners" of the stadium have to cover that?
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Rusty Shackleford  
Date:   Tue 27 Aug 17:36

Quote:

NMCmassive, Tue 27 Aug 13:12

Quote:

Rusty Shackleford, Tue 27 Aug 10:52

Quote:

wee eck, Tue 27 Aug 10:40

Partick Thistle are holding a Q&A with fans tonight as part of a campaign to raise £500k to avert cash flow problems. A long statement on their website outlines the major financial issues for a club in the Championship trying to progress to the Premiership. Much of it sounds very familiar.


It`s ok Eck because Celtic just sold O`Reilly for £25m and will get similar from the Champions League so we should be very, very grateful for that.


Are saying Celtic should have to share out the money from the O’Riley sale?


Not directly, but there should be better income distribution for the overall game.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: wee eck  
Date:   Tue 27 Aug 17:36

In PT`s statement they say as part of their strategy to improve revenue they have recently recruited a General Manager with proven experience of professionalising and developing commercial operations in football. I wonder who was responsible for that previously? A volunteer maybe?
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Indiapar  
Date:   Tue 27 Aug 18:35

It`s no surprise. I am sure RR will have lost money last season trying gain promotion. Dundee Utd were the obvious promotion favourites but I`m sure it will have cost them

Ultimately there is no money in this league so a sustainable approach bringing through you own talent is the only way. There will be no investors with deep pockets coming in to throw money at a promotion push in my view.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: jake89  
Date:   Tue 27 Aug 20:55

I was under the impression the Germans funded/part funded the old lights, LA. Not sure how that works when the stadium is owned separately. But like the tenant paying to improve the landlords house.

I think the simple fact across most Scottish teams is big money is needed upfront to build something sustainable in the long term. It saddens me to say it, but we`d be better off in the long run selling EEP and moving to a new stadium that`s smaller and could be used more easily for non-football business. The issues there though is no money for it and very few half decent places for a new stadium. Most big bits of land in Dunfermline are bought up/built on already.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: LochgellyAlbert  
Date:   Tue 27 Aug 22:36

Quote:

Rusty Shackleford, Tue 27 Aug 10:52

Quote:

wee eck, Tue 27 Aug 10:40

Partick Thistle are holding a Q&A with fans tonight as part of a campaign to raise £500k to avert cash flow problems. A long statement on their website outlines the major financial issues for a club in the Championship trying to progress to the Premiership. Much of it sounds very familiar.


It`s ok Eck because Celtic just sold O`Reilly for £25m and will get similar from the Champions League so we should be very, very grateful for that.


Matt lasted 9 minutes on his debut, off with an ankle injury, supposedly going for scans!
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: NMCmassive  
Date:   Tue 27 Aug 22:48

Quote:

Rusty Shackleford, Tue 27 Aug 17:36

Quote:

NMCmassive, Tue 27 Aug 13:12

Quote:

Rusty Shackleford, Tue 27 Aug 10:52

Quote:

wee eck, Tue 27 Aug 10:40

Partick Thistle are holding a Q&A with fans tonight as part of a campaign to raise £500k to avert cash flow problems. A long statement on their website outlines the major financial issues for a club in the Championship trying to progress to the Premiership. Much of it sounds very familiar.


It`s ok Eck because Celtic just sold O`Reilly for £25m and will get similar from the Champions League so we should be very, very grateful for that.


Are saying Celtic should have to share out the money from the O’Riley sale?


Not directly, but there should be better income distribution for the overall game.


Not directly? So indirectly? Like a tax on player sales or something?

COYP
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: wee eck  
Date:   Fri 30 Aug 17:47

Commercial update on COWS re Macklin Motors - the East Stand is to bear their name; more details to follow.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: da_no_1  
Date:   Fri 30 Aug 17:58

Quote:

wee eck, Fri 30 Aug 17:47

Commercial update on COWS re Macklin Motors - the East Stand is to bear their name; more details to follow.


👍

"Some days will stay a 1000 years, some pass like the flash of a spark"
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: Rusty Shackleford  
Date:   Fri 30 Aug 21:00

Quote:

NMCmassive, Tue 27 Aug 22:48

Quote:

Rusty Shackleford, Tue 27 Aug 17:36

Quote:

NMCmassive, Tue 27 Aug 13:12

Quote:

Rusty Shackleford, Tue 27 Aug 10:52

Quote:

wee eck, Tue 27 Aug 10:40

Partick Thistle are holding a Q&A with fans tonight as part of a campaign to raise £500k to avert cash flow problems. A long statement on their website outlines the major financial issues for a club in the Championship trying to progress to the Premiership. Much of it sounds very familiar.


It`s ok Eck because Celtic just sold O`Reilly for £25m and will get similar from the Champions League so we should be very, very grateful for that.


Are saying Celtic should have to share out the money from the O’Riley sale?


Not directly, but there should be better income distribution for the overall game.


Not directly? So indirectly? Like a tax on player sales or something?


Sorry, didn`t mean to ignore this.

I don`t know really, it`s an interesting concept, say a minority stake of transfers above £X gets redistributed at grass roots or whatever.

Either way, it feels fundamentally wrong that clubs the size of ourselves, Thistle etc struggle so badly to break even. In fact, almost every club in the land struggles as a going concern without external investment.

There`s been plenty mismanagement and poor decision making of course but by and large these people aren`t Muppets. They`ve succeeded in other fields, built wealth and then run football clubs and leak money.

I don`t know what the answer is mind you. You have to reward success but at the same time, if the TV money was more evenly distributed it could be revolutionary for small to mid sized teams and it would be a rounding error for the Old Firm.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: NMCmassive  
Date:   Sat 31 Aug 11:57

Quote:

Rusty Shackleford, Fri 30 Aug 21:00

Quote:

NMCmassive, Tue 27 Aug 22:48

Quote:

Rusty Shackleford, Tue 27 Aug 17:36

Quote:

NMCmassive, Tue 27 Aug 13:12

Quote:

Rusty Shackleford, Tue 27 Aug 10:52

Quote:

wee eck, Tue 27 Aug 10:40

Partick Thistle are holding a Q&A with fans tonight as part of a campaign to raise £500k to avert cash flow problems. A long statement on their website outlines the major financial issues for a club in the Championship trying to progress to the Premiership. Much of it sounds very familiar.


It`s ok Eck because Celtic just sold O`Reilly for £25m and will get similar from the Champions League so we should be very, very grateful for that.


Are saying Celtic should have to share out the money from the O’Riley sale?


Not directly, but there should be better income distribution for the overall game.


Not directly? So indirectly? Like a tax on player sales or something?


Sorry, didn`t mean to ignore this.

I don`t know really, it`s an interesting concept, say a minority stake of transfers above £X gets redistributed at grass roots or whatever.

Either way, it feels fundamentally wrong that clubs the size of ourselves, Thistle etc struggle so badly to break even. In fact, almost every club in the land struggles as a going concern without external investment.

There`s been plenty mismanagement and poor decision making of course but by and large these people aren`t Muppets. They`ve succeeded in other fields, built wealth and then run football clubs and leak money.

I don`t know what the answer is mind you. You have to reward success but at the same time, if the TV money was more evenly distributed it could be revolutionary for small to mid sized teams and it would be a rounding error for the Old Firm.


I’ll agree money prize money should be more evenly distributed but I don’t agree with transfer money being distributed to other clubs.

That just sounds like football communism to me.

Money that clubs generate independently should remain at that club. That includes player sales.

COYP
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: fcda  
Date:   Sat 31 Aug 12:13

Quote:

NMCmassive, Sat 31 Aug 11:57
I’ll agree money prize money should be more evenly distributed but I don’t agree with transfer money being distributed to other clubs.

That just sounds like football communism to me.

Money that clubs generate independently should remain at that club. That includes player sales.


Agree on that. It would reduce the incentive for clubs to develop players. Maybe the development fee thing should be extended/increased. Not sure the exact rules.
[IP address logged]
Report Abuse   Reply To This Message
 Re: Further update
Topic Originator: NMCmassive  
Date:   Sat 31 Aug 20:41

Quote:

fcda, Sat 31 Aug 12:13

Quote:

NMCmassive, Sat 31 Aug 11:57
I’ll agree money prize money should be more evenly distributed but I don’t agree with transfer money being distributed to other clubs.

That just sounds like football communism to me.

Money that clubs generate independently should remain at that club. That includes player sales.


Agree on that. It would reduce the incentive for clubs to develop players. Maybe the development fee thing should be extended/increased. Not sure the exact rules.


I don’t know what the rules on the player development fee actually are atm tbh and after my first bottle of red, I’ve lost all motivation to look but I do think the player development fee is a good thing in principle

COYP
[IP address logged]
Report Abuse   Reply To This Message
 Top of Board  |  Forum List  |  Threaded View   Forum Rules  |  Newer Topic  |  Older Topic  |  end 


Rows: 0
 Forum List  |  Need a Login? Register Here 
 User Login
 User Name:
 Password:
 Remember my login:
   
 Forgot Your Password?
Enter your email address or user name below and a new password will be sent to the email address associated with your profile.
Security : type 'pars' in the box:
email:
© 2021-- DAFC.net