javeajag Posted August 31, 2017 Report Share Posted August 31, 2017 (edited) The AGM will be held on 21 September .....The accounts are up to 31 May Turnover up 25% to £4.1m Net profit of £95k On a quick look it appears to be the healthiest set if accounts for a long time ! Edited September 4, 2017 by javeajag 2 Quote Link to comment Share on other sites More sharing options...
javeajag Posted August 31, 2017 Author Report Share Posted August 31, 2017 Interestingly it looks like we have gone from a minus on cash/cash equivalents / bank overdrafts of £106k to a positive of £300k 1 Quote Link to comment Share on other sites More sharing options...
Members Willjag Posted September 1, 2017 Members Report Share Posted September 1, 2017 Sounds good! Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted September 2, 2017 Report Share Posted September 2, 2017 As it is up to 31st May I assume the accounts won't include the transfer fees for Lindsay & Azeez? What is the ratio of wages to turnover? Quote Link to comment Share on other sites More sharing options...
javeajag Posted September 2, 2017 Author Report Share Posted September 2, 2017 Total employment costs were £2.6m.....clearly not all that is on the players as Archie and his team and Ian maxwell etc will be in there ....social security costs included in that are 256k So the ratio looks like 50-55% Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted September 2, 2017 Report Share Posted September 2, 2017 (edited) Total employment costs were £2.6m.....clearly not all that is on the players as Archie and his team and Ian maxwell etc will be in there ....social security costs included in that are 256k So the ratio looks like 50-55% Think you can always argue from a performance point of view an extra coach or higher paid coach can be every bit as effective as extra players. With that in mind if the ratio is in the region 50-55% that looks to me to be excellent fiscal management. It's just over ten years or so since Dundee FC were paying out (trying to pay out) 152% wages to turnover and Dunfermline something ridiculous as well, while we were employing the like of John Paul McBide and Stephanne Bonnes. To have been competing admirably now on such modest figures (if correct) is something for a relatively poorly supported club like ourselves to be proud of. Edited September 2, 2017 by lady-isobel-barnett 1 Quote Link to comment Share on other sites More sharing options...
javeajag Posted September 3, 2017 Author Report Share Posted September 3, 2017 As we are now debt free and appear to have cash in the bank plus the Lindsay transfer fee to be added it must be the healthiest we have been financially for a very long time ( though we have paid a couple of transfer fees as well ) 2 Quote Link to comment Share on other sites More sharing options...
Stephen1876 Posted September 3, 2017 Report Share Posted September 3, 2017 And given the early views of Barnsley fans of Lindsay, let's hope some Premiership team pays a daft sum of money for him in a year or 2 and we get a chunky sell on Quote Link to comment Share on other sites More sharing options...
javeajag Posted September 3, 2017 Author Report Share Posted September 3, 2017 Indeed ! Quote Link to comment Share on other sites More sharing options...
Auld Jag Posted September 16, 2017 Report Share Posted September 16, 2017 (edited) I know it is because of who we have played,but I would estimate our first 3 home league games would have generated about £350k in gate receipts. Also or league cup run has probably got us about £100k. So as long as we manage to stay in the league we should have good set of figures next year a well. Edited September 16, 2017 by Auld Jag 1 Quote Link to comment Share on other sites More sharing options...
javeajag Posted September 19, 2017 Author Report Share Posted September 19, 2017 The club don't budget for cup runs - rightly - so a win tonight could allow Archie to look at the January transfer window if needed Agm in Thursday Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted September 20, 2017 Report Share Posted September 20, 2017 If anyone is going to AGM a brief update later would be much appreciated. Quote Link to comment Share on other sites More sharing options...
javeajag Posted September 21, 2017 Author Report Share Posted September 21, 2017 I will be there tonight I will post anything of interest 2 Quote Link to comment Share on other sites More sharing options...
javeajag Posted September 21, 2017 Author Report Share Posted September 21, 2017 Ok some snippets from the AGM No figure on Lindsay transfer fee but club happy with the deal strong inference on appearance payments and sell on clause The club has no debt with anyone and practically no overdraft facilities Santander wouldn't even gives us a credit card We have money in the bank So far finances slightly better than forecast The new training ground close to a land deal and timescale still on track New disabled facilities going into JHS Season tickets 1926 pretty flat generating around £300k Home support average 2437 down 11 and -200 on season 14/15 Jagzone has around 450 members we lose money on basic package Livestream avg around 100 A lot of the extra revenue on finishing top 6 goes to the players in bonus payments 2 Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted September 21, 2017 Report Share Posted September 21, 2017 Ok some snippets from the AGM No figure on Lindsay transfer fee but club happy with the deal strong inference on appearance payments and sell on clause The club has no debt with anyone and practically no overdraft facilities Santander wouldn't even gives us a credit card We have money in the bank So far finances slightly better than forecast The new training ground close to a land deal and timescale still on track New disabled facilities going into JHS Season tickets 1926 pretty flat generating around £300k Home support average 2437 down 11 and -200 on season 14/15 Jagzone has around 450 members we lose money on basic package Livestream avg around 100 A lot of the extra revenue on finishing top 6 goes to the players in bonus payments Thanks for the update. Good news about the general financial situation and training facility. A bit disappointing about the season ticket & home crowd figures, hopefully the Supporter Engagement Officer can make improvements in that area. Quote Link to comment Share on other sites More sharing options...
javeajag Posted September 21, 2017 Author Report Share Posted September 21, 2017 For those interested in the training facility..... It will have 2 grass pitches, 3 astros, gym, sports science etc Debate around having an indoor facility (cost ) v other areas The players will basically only see firhill on match days Quote Link to comment Share on other sites More sharing options...
Garscube Road End Posted September 21, 2017 Report Share Posted September 21, 2017 For those interested in the training facility..... It will have 2 grass pitches, 3 astros, gym, sports science etc Debate around having an indoor facility (cost ) v other areas The players will basically only see firhill on match days That sounds an excellent facility. Quote Link to comment Share on other sites More sharing options...
allyo Posted September 21, 2017 Report Share Posted September 21, 2017 How would this facility compare with clubs of 'similar size'? I can't think of any other clubs outside the top few with anything like this. Would I be right? Quote Link to comment Share on other sites More sharing options...
Garscube Road End Posted September 21, 2017 Report Share Posted September 21, 2017 Ok some snippets from the AGM No figure on Lindsay transfer fee but club happy with the deal strong inference on appearance payments and sell on clause The club has no debt with anyone and practically no overdraft facilities Santander wouldn't even gives us a credit card We have money in the bank So far finances slightly better than forecast The new training ground close to a land deal and timescale still on track New disabled facilities going into JHS Season tickets 1926 pretty flat generating around £300k Home support average 2437 down 11 and -200 on season 14/15 Jagzone has around 450 members we lose money on basic package Livestream avg around 100 A lot of the extra revenue on finishing top 6 goes to the players in bonus payments Will save a fortune this season on top 6 bonuses. Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted September 21, 2017 Report Share Posted September 21, 2017 Thanks for taking the time to inform, javeajag. 1 Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted September 21, 2017 Report Share Posted September 21, 2017 (edited) The club certainly looks to be lean and healthy, financially, which is great. Why the drop in attendances and disappointing season ticket sales? Likely reasons are lack of sustained excitement (no promotion to aim for), being too far behind after the start of every season to do anything other than try to survive in the top flight, and..... the bing: if it detracts from the experience of being at a professional football match for me, it probably does the same for other people too. Edited September 21, 2017 by Jaggernaut Quote Link to comment Share on other sites More sharing options...
Auld Jag Posted September 21, 2017 Report Share Posted September 21, 2017 Should 1900 season tickets not generate nearer £500k ? As I said in another post I think our gate receipts for our 3 league games so far this season will be about £350k and a good crowd expected this week,we also will have made about £200k from the league cup.So a good start for next years figures as long as we stay in this league. Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted September 22, 2017 Report Share Posted September 22, 2017 Should 1900 season tickets not generate nearer £500k ? As I said in another post I think our gate receipts for our 3 league games so far this season will be about £350k and a good crowd expected this week,we also will have made about £200k from the league cup.So a good start for next years figures as long as we stay in this league. I guess there must be a lot of concessions/Kids tickets Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted September 22, 2017 Report Share Posted September 22, 2017 It would be interesting to know how many ST holders attend each game on average. The average attendance drop is pretty disappointing considering we had an extra game vs OF compared to previous season Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted September 22, 2017 Report Share Posted September 22, 2017 Here's one ST holder who attended zero games last year, and unlikely to attend more than one (if that) this season...... Quote Link to comment Share on other sites More sharing options...
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