Fawlty Towers Posted November 3, 2022 Author Report Share Posted November 3, 2022 The one thing about accounts that I do know is they are telling you about things that have happened (if I was an accountnt I would now be billing you for that insight). If we are looking at what is happening now compared to last season - attendances are actually higher now than last's seasons average although how they hold up over the winter period and/or results not improving is an unknown. We don't have Queens Park groundsharing but Rangers Youths have played their Champions League games at Firhill and there is a Scotland U19 match later this month so some income from these. The one area of the club that is certainly performing well in the Commercial Dept (Lesley Ann has been a great appointment) and matchday hospitality is certainly busier along with sponsorships. However we also had to spend money on the pitch in the summer along with repairs to the Colin Weir Stand roof so that will have eaten in to the budget. I hope prior to the AGM the PTFC Trust will come out and ask what questions its benificiaries want raised so we can get an indication of where we are at the moment in terms of breaking even this season. Quote Link to comment Share on other sites More sharing options...
jagfox Posted November 3, 2022 Report Share Posted November 3, 2022 I welcome the coming announcement of our £15 million super stadium. Bagz first on the monorail! Quote Link to comment Share on other sites More sharing options...
Lambies Lost Doo Posted November 3, 2022 Report Share Posted November 3, 2022 ffs. law and accounting. to me it's deliberately complicated to keep a lot of people in well paid jobs. the land firhill is on is not prime real estate. not that big in an area that is not that desireable. its ok but not finnieston or shawlands. Quote Link to comment Share on other sites More sharing options...
jagfox Posted November 3, 2022 Report Share Posted November 3, 2022 14 minutes ago, Lambies Lost Doo said: ffs. law and accounting. to me it's deliberately complicated to keep a lot of people in well paid jobs. the land firhill is on is not prime real estate. not that big in an area that is not that desireable. its ok but not finnieston or shawlands. They have changed from land value to the value if a new stadium was built on the site. Quote Link to comment Share on other sites More sharing options...
Garscube Road End 2 Posted November 3, 2022 Report Share Posted November 3, 2022 1 hour ago, jagfox said: I welcome the coming announcement of our £15 million super stadium. Bagz first on the monorail! Heated seats in winter? Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted November 3, 2022 Report Share Posted November 3, 2022 4 minutes ago, Garscube Road End 2 said: Heated seats in winter? Heated seats in summer ? Quote Link to comment Share on other sites More sharing options...
delurker Posted November 3, 2022 Report Share Posted November 3, 2022 1 hour ago, jagfox said: They have changed from land value to the value if a new stadium was built on the site. Accounting Trump would be proud of. Quote Link to comment Share on other sites More sharing options...
laukat Posted November 3, 2022 Report Share Posted November 3, 2022 1 hour ago, jagfox said: They have changed from land value to the value if a new stadium was built on the site. 1 hour ago, jagfox said: I welcome the coming announcement of our £15 million super stadium. Bagz first on the monorail! I can see Jlow taking note of the above and working them into next year's accounts. Next year it won't be just the the value of land if we built a new stadium but it will be the value of the land with a new stadium and a new monorail on it. Next year we're going to be loaded! Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted November 3, 2022 Report Share Posted November 3, 2022 Not a mention of the training complex in Twechar. How's it doing? Quote Link to comment Share on other sites More sharing options...
Mr Scruff Posted November 3, 2022 Report Share Posted November 3, 2022 I did, years ago, get asked to give an opinion on the value of Firhill on the basis of build cost. I didn't know, but always assumed, that this was to achieve a particular Balance Sheet covenant for the bank - this would have been when Bank of Scotland provided funding to all but one of the SPL teams and clubs found borrowing relatively easy. Hard to say why this is being done now. Any business that actually owns the property that PTFC does and has the small turnover they do should easily have a very positive balance sheet unless something has gone wrong (eg lots of debt, which is not the case we understand). The challenge would always be cashflow I'd imagine. I don't know enough about estate law or accounting but I'd hope that 'donations' couldn't be arbitrarily turned into 'liabilities' after they'd been made (and to be clear I'm not suggesting anything of the sort). Quote Link to comment Share on other sites More sharing options...
Lambies Lost Doo Posted November 3, 2022 Report Share Posted November 3, 2022 Going off topic but I would love a new stadium. If it was moved from Firhill but in a place nearish and accessible I'd be fine with that. Quote Link to comment Share on other sites More sharing options...
Garscube Road End 2 Posted November 3, 2022 Report Share Posted November 3, 2022 (edited) 17 minutes ago, Lambies Lost Doo said: Going off topic but I would love a new stadium. If it was moved from Firhill but in a place nearish and accessible I'd be fine with that. Cumbernauld? The way things are going we could move in with the women's team. Edited November 3, 2022 by Garscube Road End 2 Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted November 3, 2022 Report Share Posted November 3, 2022 3 hours ago, lady-isobel-barnett said: Not a mention of the training complex in Twechar. How's it doing? Even ahead of the "development" of the city end of Firhill, Twechar is maybe the biggest embarrassment ever for PTFC after all the fanfares and media articles, not to mention what I consider to be the totally shameful misuse of Dave McParland's name (note: I changed abuse to misuse). Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted November 3, 2022 Report Share Posted November 3, 2022 1 hour ago, Garscube Road End 2 said: Cumbernauld? The way things are going we could move in with the women's team. Kyoto! Just north of the river alongside Demachiyanagi station. Plenty of mugs looking to waste their money! (Me included!) 1 Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 3, 2022 Author Report Share Posted November 3, 2022 4 minutes ago, Jaggernaut said: Even ahead of the "development" of the city end of Firhill, Twechar is maybe the biggest embarrassment ever for PTFC after all the fanfares and media articles, not to mention what I consider to be the totally shameful misuse of Dave McParland's name (note: I changed abuse to misuse). The proposed training facility at Twechar was linked to the city end debacle, but agree about the more recent Kirkintilloch training facility failure. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 4, 2022 Author Report Share Posted November 4, 2022 On 11/3/2022 at 8:15 AM, Fawlty Towers said: The one thing about accounts that I do know is they are telling you about things that have happened (if I was an accountnt I would now be billing you for that insight). If we are looking at what is happening now compared to last season - attendances are actually higher now than last's seasons average although how they hold up over the winter period and/or results not improving is an unknown. We don't have Queens Park groundsharing but Rangers Youths have played their Champions League games at Firhill and there is a Scotland U19 match later this month so some income from these. The one area of the club that is certainly performing well in the Commercial Dept (Lesley Ann has been a great appointment) and matchday hospitality is certainly busier along with sponsorships. However we also had to spend money on the pitch in the summer along with repairs to the Colin Weir Stand roof so that will have eaten in to the budget. I hope prior to the AGM the PTFC Trust will come out and ask what questions its benificiaries want raised so we can get an indication of where we are at the moment in terms of breaking even this season. Sorry for quoting myself but again we have sold out hospitality and 3 sponsors for a match, so well done Lesley Ann https://ptfc.co.uk/ptfc-news/dundee-hospitality-sold-out/ Also, on Companies House the confirmation statement has been submitted as well as the notifications that 3BC is no longer a person with significant control and PTFC Trust is a person with significant control (all from 20th Sept). Quote Link to comment Share on other sites More sharing options...
sandy Posted November 4, 2022 Report Share Posted November 4, 2022 1 hour ago, Fawlty Towers said: Sorry for quoting myself but again we have sold out hospitality and 3 sponsors for a match, so well done Lesley Ann https://ptfc.co.uk/ptfc-news/dundee-hospitality-sold-out/ Also, on Companies House the confirmation statement has been submitted as well as the notifications that 3BC is no longer a person with significant control and PTFC Trust is a person with significant control (all from 20th Sept). Lesley Ann is a gem, one of the few behind the scenes at the moment who is doing good things for the fans and the Club. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted November 7, 2022 Author Report Share Posted November 7, 2022 Looks like we have a bit of catching up to do: https://www.bbc.co.uk/sport/football/63540945 Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted November 7, 2022 Report Share Posted November 7, 2022 On 11/3/2022 at 1:20 PM, lady-isobel-barnett said: Not a mention of the training complex in Twechar. How's it doing? Going nicely according to plan. Just like the development of the city end of Firhill. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted December 8, 2022 Author Report Share Posted December 8, 2022 With everything else that has been going on the accounts going on Companies House has gone fairly unnoticed. https://find-and-update.company-information.service.gov.uk/company/SC005417/filing-history Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted February 25, 2023 Author Report Share Posted February 25, 2023 Another couple of Championship clubs (Raith and Morton) have submitted their accounts. I am sure someone on here will be able to explain how they compare to ours in general. I recall TJF stating they were going to do an analysis of all Championship club's accounts when we published ours - is that still a thing or have recent events changed that? https://find-and-update.company-information.service.gov.uk/company/SC026287/filing-history https://find-and-update.company-information.service.gov.uk/company/SC003264/filing-history Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted February 25, 2023 Report Share Posted February 25, 2023 1 hour ago, Fawlty Towers said: Another couple of Championship clubs (Raith and Morton) have submitted their accounts. I am sure someone on here will be able to explain how they compare to ours in general. I recall TJF stating they were going to do an analysis of all Championship club's accounts when we published ours - is that still a thing or have recent events changed that? https://find-and-update.company-information.service.gov.uk/company/SC026287/filing-history https://find-and-update.company-information.service.gov.uk/company/SC003264/filing-history Looks like both of them have made 200K losses. Morton have also done some funny stuff, probably around their fan ownership. 1 Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted February 25, 2023 Author Report Share Posted February 25, 2023 1 minute ago, Lenziejag said: Looks like both of them have made 200K losses. Morton have also done some funny stuff, probably around their fan ownership. I seem to recall reading the firm owned by the Rae family wrote off the £2.5M that they were owed by the football club. Quote Link to comment Share on other sites More sharing options...
jaf Posted February 25, 2023 Report Share Posted February 25, 2023 (edited) 4 hours ago, Fawlty Towers said: Another couple of Championship clubs (Raith and Morton) have submitted their accounts. I am sure someone on here will be able to explain how they compare to ours in general. I recall TJF stating they were going to do an analysis of all Championship club's accounts when we published ours - is that still a thing or have recent events changed that? https://find-and-update.company-information.service.gov.uk/company/SC026287/filing-history https://find-and-update.company-information.service.gov.uk/company/SC003264/filing-history Hi Martin Indeed, we said we would do a comparison table of net current assets once more accounts published; net current assets being the 'margin of safety'. It remains our intention to publish that to members as promised. Edited February 25, 2023 by jaf 1 Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted February 28, 2023 Author Report Share Posted February 28, 2023 On 2/25/2023 at 9:56 PM, jaf said: Hi Martin Indeed, we said we would do a comparison table of net current assets once more accounts published; net current assets being the 'margin of safety'. It remains our intention to publish that to members as promised. Another club to add to the list and even my untrained eye can see it is not very good for ICT. https://find-and-update.company-information.service.gov.uk/company/SC149117/filing-history Quote Link to comment Share on other sites More sharing options...
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