Not sure if this touched a nerve Wiz View attachment 19451 or your other mods.Perhaps you have changed the policy to only Bristol City Supporters posting on this forum as I posted this earlier and it no longer appears on the board?If that is the case please advise. It seems odd anyway reposted as it should not really upset any open minded person and is factual not aggressive or offensive in its nature. View attachment 19448 Back to the future City losses spiral to £14.4m- Remember The Ashton Gate 8 Bristol City have announced a club record loss of £14.4m for the year ending May 2012.It compares to a loss of £11.45m for the previous financial year. Cast your mind back ye olde City fans View attachment 19449 (Way before my time) Decline and financial ruin (1980â82)In 1980, the City team went back to the Second Division in the first of three relegations, their debt mounted and their financial losses increased, with two successive relegations following. Thus, in 1982, they were relegated into the Fourth Division, and were declared bankrupt. BCFC (1982) Ltd acquired the club's player contracts, and the highly-paid senior players Julian Marshall, Chris Garland, Jimmy Mann, Peter Aitken, Geoff Merrick, David Rodgers, Gerry Sweeney and Trevor Tainton, who became known as the 'Ashton Gate Eight', each accepted termination of his contract for half the amount due to him. City's losses are now huge compared to Rovers as our financial reports to June 30th 2012 showed a loss of just £353,000. The previous year Rovers made a loss of £3,423,576 and most of that money was down to the stadium costs. Overall our debt now stands at just over £6.2 million which is down on the previous year by £917,882 which is very good. City who sit uncomfortably in 22nd position 2 pts off of the bottom of the championship now face some difficult decisions with an underperforming team and management it seems likely that no new funds will be made avaliable to strengthen the squad,also sacking the manager appears no longer viable due to the costs involved.The board will also have an uphill struggle to comply with the Football Leagueâs newly introduced Financial Fair Play (FFP) regulations.By the 2015-16 season, losses at a Championship club can be no more than £5m, with a maximum of £3m funded by shareholders and clubs. However for City the silver lining in all this news is that they will probably not need to worry about Championship FFP as they are destined for L1 next season.Unfortunately it actually gets worse for them, a salary cost management protocol will operate, simply put the team will be capped at a percentage of turnover ie 60% although this may vary.In league 2 it currently stands at 55%. So the board,management players and fans must be feeling the heat and wondering not only how they got into this position also how an earth are they going to navigate out of these difficulties. Will Mr Lansdown convert the overhanging debts, is that possible in these times actually is it worth it? Turnover at Ashton Gate dropped slightly from £11.9m to £11.8m, but wages rose from £15.9m to £18.6m. Chairman Keith Dawe described the figures as "disappointing" but said they reflected a "difficult year" for the club, who are currently two points off the bottom of the Championship. I assume he was also dissapointed with there current league position as well if not he should be. Bristol City losses are as follows â¢2012: £14.4m â¢2011: £11.45m â¢2010: £11.8m â¢2009: £6.5m The loss illustrates how much work is required to reduce costs and grow our income in order to comply with the new FFP regulations, brought in by the Football League," Dawe added. " The deficit recorded in 2011 was put down to rising player wages and severe delays in the development of their new 30,000 stadium at Ashton Vale. It looks as if City are in the View attachment 19450 What would you do to alleviate the financial burden that threatens to engulf City,regardless what the spin doctors say surely you cannot keep relying on Mr Lansdown to pick up the overspend forever. COR
You've hid a clear WUM in this thread and now you're protesting your innocence? I have no problem with your lot posting on our board but you claim this to be a honest thread for people with a open mind..... Don't kid yourself COR.
Sorry a lot of this debt has been caused by the owner and board with the incorrect selections in management.
But apparently, it is the "cheap option" Would hate to see the dear one then....!!! Luckily for us, we have a benefactor who is a dyed in the wool City fan so for now, it is not an issue although of course I am FAR from complacent... WUM over I think...
Your debt will improve next year as you only have to pay part time players Same with us though, hopefully. When we go down we can really cut our wage bill signifcantly as wages are a huge factor for our current losses every year
It is bad cheap options that has led us to the debt.......The debt has got higher but our position has got lower......
Thanks Shiny if it was a WUM I would have left out the Rovers debts which given our relative position in the football league are still high. I appreciate that Mr Lansdown is a Bristol City supporter benefactor, owner and has pledged his support. We all know how too turn a small fortune into a smaller one.......... invest in a football club or its shares View attachment 19460 Would you take this view,If you or I were to invest in BCFC 1982 one consideration might be that it has the potential for solid future earnings growth, definately a good idea if we were a long-term investor. Looking at the limited data avaliable City, I may be incorrect, do not appear to posses a good history of earnings growth and that is a possible sign that future earnings growth potential is low. These numbers, which are constantly revised and are guesses about what the company will be earning in the coming years. Major changes in the estimates may cause the stock to move up or down.For example if you are relegated. Return on assets,return on investment and return on equity are the three areas of consideration when investing in a company.Consistently low numbers as published would be a red flag to normal investors like you or me. I do not have the data to consider ROA , as you calculate the ROA by taking the net income and dividing it by the total assets as the value is not mentioned in this article . The ROI is calculated by dividing net profits by (long-term debt plus other long-term liabilities plus equity) again the article only contains some of these figures. Return on investment and return on assets are helpful in spotting quality management. So would you invest in CITY 1982 following its current financial results and run of results in the league View attachment 19461 Regardless of being City's number 1 supporter when the liabilities exceed the assets would you commit further investments COR
No one in their right mind with half a brain would take on a football club for investment.. maybe a status symbol that would enhance your worth (penis extension)! That's what it is with these multi millionaires, a stutus symbol, big boys toys.....side project. The vision SL had for Bristol City was great on paper, I'm not sure how much homework he put into achieving his goal?? Looking at our situation currently.....not enough! I just hope he can live up to many statements he made regarding the future of our club...we shall see. Not that I ever want to see it, but If SL walked away now, we would be in a worse position than you lot!! Maybe, rather than have two small **** football clubs we could merge and have one larger one!!!!.........................................................................................it was a joke!!
He certainly has that reputation and proven track record but his taste for sport and football in particular is making him look a right ****.
One for agree with comments. It has highlighted how much money you need to run a club and how much the players take out of the clubs accounts,perhaps the new rules will rebalance the lower leagues,managers will have longer to succeed or in both our clubs cases fail,unfortunately it will make competing for the talent really difficult with knock on effects to gaining promo especially to the Premiership. I can see quite a few clubs in the lower leagues going out of business or mergers taking place,look at the tiny gates some clubs get,revenues at these clubs will be tiny and with the % protocol in L1 and L2,the min in the championship we are all in for hard times. We definately should have discussed playing at one stadium as for the one club scenario I know you were joking financially in the future it makes sense but the fans love the badge the directors and board like the cudos and diversion from the realities of modern day business not to forget the extra limelight they have in the public spotlight good or bad the egos come out to play. We would wish for a benefactor such as Steve Lansdown to support us!£6m a drop in the ocean COR
