Since 2011 the club has prudently returned to profitability with timely assistance from Tony Wrathall and latterly more substantial financial assistance from Mr & Mrs Hallett. In November 2016 James Brent confirmed that we had fully repaid the PCC loan which had been used to clear the debts to all of the existing 3rd party creditors remaining from administration, and that himself, Simon Hallett and Tony Wrathall had purchased the freehold as equity (ordinary shares not repayable by the club, and no dividend) which prevented future rent and rent increases being paid to PCC, making the club effectively debt free to all 3rd parties (this was also confirmed by Simon Hallett at a PACSA meeting).
In addition there have been substantial windfalls from transfer income, sell on income, increased gates and unbudgeted FA Cup runs:
£280k tribunal decision for Curtis Nelson
£1 million FA Cup run and Liverpool replays
£200k Conor Hourihane sell-on clause to Aston Villa
£300k Ben Purrington: 300k
£420k additional TV money ‘basic award’ and solidarity payment from being in league 1 compared to league 2
= £2.2 million
And not long before that we received:
300-500k Wembley and Playoffs
450k Joe Mason sell-on
= £750k-950k
Some of these figures are obviously educated calculations based on the information we are given so they can be pedantically debated by small amounts of difference here and there, but nevertheless we’re talking about large sums of money running into millions of pounds here.
viewtopic.php?f=30&t=97807&hilit=unbudgeted+income
Posts on here such as this one since the end of January this year have called for the large amounts of unbudgeted income (around 2 million) since clearing our debts to be given to Simon Hallett to make the grandstand refurb even better, and to bolster our playing budget as we go into league 1 .
Since these windfalls we have seen some significant welcomed development of harpers park training facilities that the club confirmed would be paid for by some of the FA cup money it received, and and some pitch and ground maintenance work at Home Park over the summer. There also may have been some player bonuses for promotion, and we’ve spent a transfer fee of 15-30k on Nathan Blissett and a very small amount of compensation to Morecambe for Ryan Edwards (Derek Adams words).
Given that it has recently been suggested that we have the 5th highest attendances in the division, but the squad appears to be devoid of quality and seemingly built on a shoestring budget, with Adams himself confirming that he’s missed out on transfer targets as other clubs merely offered more money, and other articles suggesting that Adams is overachieving as he has one of, if not the lowest budget in league 1, are we to assume that all of this additional unbudgeted income has now been spent?
In addition there have been substantial windfalls from transfer income, sell on income, increased gates and unbudgeted FA Cup runs:
£280k tribunal decision for Curtis Nelson
£1 million FA Cup run and Liverpool replays
£200k Conor Hourihane sell-on clause to Aston Villa
£300k Ben Purrington: 300k
£420k additional TV money ‘basic award’ and solidarity payment from being in league 1 compared to league 2
= £2.2 million
And not long before that we received:
300-500k Wembley and Playoffs
450k Joe Mason sell-on
= £750k-950k
Some of these figures are obviously educated calculations based on the information we are given so they can be pedantically debated by small amounts of difference here and there, but nevertheless we’re talking about large sums of money running into millions of pounds here.
viewtopic.php?f=30&t=97807&hilit=unbudgeted+income
Posts on here such as this one since the end of January this year have called for the large amounts of unbudgeted income (around 2 million) since clearing our debts to be given to Simon Hallett to make the grandstand refurb even better, and to bolster our playing budget as we go into league 1 .
Since these windfalls we have seen some significant welcomed development of harpers park training facilities that the club confirmed would be paid for by some of the FA cup money it received, and and some pitch and ground maintenance work at Home Park over the summer. There also may have been some player bonuses for promotion, and we’ve spent a transfer fee of 15-30k on Nathan Blissett and a very small amount of compensation to Morecambe for Ryan Edwards (Derek Adams words).
Given that it has recently been suggested that we have the 5th highest attendances in the division, but the squad appears to be devoid of quality and seemingly built on a shoestring budget, with Adams himself confirming that he’s missed out on transfer targets as other clubs merely offered more money, and other articles suggesting that Adams is overachieving as he has one of, if not the lowest budget in league 1, are we to assume that all of this additional unbudgeted income has now been spent?
