Cerbera":3u97eu9o said:5. I have paid out for my ST based on the sales pitch of the Chairman. I am entitled to turn up and vent my anger at the total drivel on the pitch and demand value for money.
Bollocks.
Cerbera":3u97eu9o said:5. I have paid out for my ST based on the sales pitch of the Chairman. I am entitled to turn up and vent my anger at the total drivel on the pitch and demand value for money.
???????Plympton Pong":1koczn5y said:Cerbera":1koczn5y said:5. I have paid out for my ST based on the sales pitch of the Chairman. I am entitled to turn up and vent my anger at the total drivel on the pitch and demand value for money.
Bollocks.
The Doctor":id3k6n4c said:Cerbera":id3k6n4c said:1. We have a playing budget of circa £1.8 million for the season. Half the season is gone, so we have circa £900,000 left. This is still more than Exeter had for the entire season by £100,000. We can afford to sack the coaching team and pay them off from this budget and employ new coaching staff from it and still have a budget the envy of a lot of teams in this league.
That's not right though surely. Most of the budget, whatever it is, will have been committed to pay the salaries of the contracted players over the full 12 month period. So, although we're only approaching half way through the season, most of the budget will have been committed (i.e. spent). Some, smaller, portion of the budget will presumably have been out aside for strengthening of the squad through the season (e.g. loan signings) and/or to cater form emergencies (e.g. injuries).
PAFC+":38qoynjf said:Mr Smith":38qoynjf said:PAFC+":38qoynjf said:Mr Smith":38qoynjf said:PAFC+":38qoynjf said:Most of the debt is gone. We were a crippled club, but not anymore. We're relatively free of debt now. We have one the highest budgets in the league financed by one the highest average attendances in the league.
Since when? Please post links
I've posted elsewhere on it. The CVA cleared most of the debt. e.g. we owed Mastpoint about £2.1m, they've got their 4k under the agreement. Lombard debt was reduced from £2.1m to £700k, don't know if that's been paid off yet but it's still been massivley reduced. We were crippled by debt, hence adminstration, but the administration allowed us to survive by wiping most of the debt.
Do you think other clubs don't also have debts? We're not the only ones you know. I don't see how we are much different to most clubs in the league now, other than having higher income and hence a better budget.
Thanks for taking the time to reply, I've had a quick search of your past posts for the word debt and apart from this thread I can't see anything until 2011, could you provide the link?
As for other clubs I don't care what they do, after nearly being liquidated I'd rather we clear the debts before spending.
There's a good artcle here
According to that we have about £4m remaining, which will be repaid over 5 years. So of the £21m debt, £17m has gone, wiped by the CVA and other agreements.
Whether or not that is crippling, is a matter of opion. I wouldn't call it that. I'd say we have a managable debt, just like many other clubs, but with income higher than most, and a budget set by turnover in accordance with League rules that should be amongst the highest.
From memory the loan was made well after the pitch work had started, even finished?.. Some wriggling going on there?So why was the loan made?
The loan to PAFC was to establish an all-weather football pitch for the community in Plymouth… The interest rate on the loan of 2% was 1% higher than the charity could obtain from its bank so it made commercial sense to invest the charity’s funds in such a way
Plympton Pong":13mpq97e said:Cerbera":13mpq97e said:5. I have paid out for my ST based on the sales pitch of the Chairman. I am entitled to turn up and vent my anger at the total drivel on the pitch and demand value for money.
Bollocks.
Cerbera":3fgs7832 said:Plympton Pong":3fgs7832 said:Cerbera":3fgs7832 said:5. I have paid out for my ST based on the sales pitch of the Chairman. I am entitled to turn up and vent my anger at the total drivel on the pitch and demand value for money.
Bollocks.
No, it's true. I have got a season ticket. I can post a picture of it if you like?
Unless the bollocks is aimed at my right to voice my displeasure, in which case, would you care to explain why I can't? Is Home Park a distant outpost of some Communist African country? Free speech denied all of a sudden?
Greenblooded1":228cdkqe said:The £4m "deferred debts" would, I imagine, also include secured debts upon past Directors guarantees, some of which may already be settled and certainly be a large chunk of the £4m.
green_pants":rpiiijj8 said:Tony Flags, Im sorry but from that attitude In my opinion I cant call you a true supporter, I will NEVER stop going to MY club, through thick and thin.... your obviously entitled to your opinion but im sorry I cant agree with it, and I find it very frustrating.
loyal1970":2k4iurzb said:well at the end of the day we do have an owner and if and it looks like a big if he sacks him it will be up to him to pay him off after all brent agreed to fletchers contract in the summer so it will be he who pays fletcher.so you wind ur f.....g neck in.
Plympton Pong":1llyia72 said:Cerbera":1llyia72 said:5. I have paid out for my ST based on the sales pitch of the Chairman. I am entitled to turn up and vent my anger at the total drivel on the pitch and demand value for money.
Bollocks.