Mrs Barista wrote:Not for much longer if credit trajectory continues. Cash is king..
What's our cash position and how are our lines of credit? How much cash is pearson sat on personally? Factual answers only, no guesses please. In your own time
Joined: Jul 15 2005 Posts: 29811 Location: West Yorkshire
Jake the Peg wrote:Who are the creditors? Is a big chunk of them season pass sales? Got anywhere with those other questions yet?
There is no detailed information on the creditors are, as you well know. I've posted the cash position. Why would I have access to AP's bank account? That's just crazy. Look, you've clearly stated that the financial position is OK and not materially different now to what it was a year ago. 2015 accounts won't be filed until next summer. Current credit ratings of the club's financial position and their change over the last year support my interpretation over yours. Get that Radford wheelie bin avatar going. Play to your strengths.
Joined: Dec 29 2011 Posts: 3607 Location: Back row of Threepenny, forever
Mrs Barista wrote:The club has lost £1.5m since 2010. The user agreement is becoming increasingly challenging. Average gates in 2010 were 14,000, so are down around 30%with commensurate reductions in sponsorship. Call it bleating if you like, but don't imply there's no financial difficulty here, or claim you weren't given notice of it.
Why is the user agreement "becoming increasingly challenging"
It hasnt changed, we pay a set fee for the stadium up to 7500 (approx) people per game then after that we give half of ticket income to the SMC.
I said years ago the agreement was a mill stone to the club, loads had a pop at me saying how it was watertight and safeguarded our club "if times got hard"
Again no figures from AP, but we know in Kaths last year the club was pulling in £5mill pa, AP even admitted this. Hes not come out with a figure in recent years however.
Joined: Dec 29 2011 Posts: 3607 Location: Back row of Threepenny, forever
Mrs Barista wrote:Of course this is of Pearson's making, or at least via poor choices he's had a major impact. Where have I said otherwise. But we can mither about the past or take stock of what we have and decide what we want to do as members of the club. Support it with reservations about its leadership and strategy, or cancel our membership.
I'm fed up of the same waffle for the last 8 years, first kath, Rule now AP, all the same waffle.
I dont want to settle for 8th, or even 6th, unlike some, its time to do something
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