Post subject: Building the Club- securing financial stability
Posted: Sat Jan 06, 2024 8:06 am
The Dentist Wilf
Player Coach
Joined: Dec 07 2005 Posts: 7484
Interesting piece by Adam nothing we did not already know but just shows the way forward for all clubs is no longer building commercial income which is obviously dwindling from Sky TV sponsorship etc. across the game but rather going back to the old days of personal finance underpinning clubs. The game is certainly in a mess at present. however, as I've said many times before with the stadium not directly our responsibility and the structure of the club at present we are in a better position than many to survive and indeed thrive long term if we can just get through the current situation.
Interesting piece by Adam nothing we did not already know but just shows the way forward for all clubs is no longer building commercial income which is obviously dwindling from Sky TV sponsorship etc. across the game but rather going back to the old days of personal finance underpinning clubs. The game is certainly in a mess at present. however, as I've said many times before with the stadium not directly our responsibility and the structure of the club at present we are in a better position than many to survive and indeed thrive long term if we can just get through the current situation.
Post subject: Re: Building the Club- securing financial stability
Posted: Sat Jan 06, 2024 9:45 am
Armavinit
International Star
Joined: May 24 2011 Posts: 2488
Cue the trolls comments about begging bowls etc. Hope this does away with comments from some about AP not wanting to relinquish control to other investors, always found that one hard to believe. Also glad to hear we may be back in the black by Autumn. I’ve said it before and now again, we’re very fortunate to have him, his limited funds have kept us going over the last rocky 4 years, hope the rumours of a major investor from a few months ago come to fruition not only for our sake but for him. It would be good for everyone concerned.
Post subject: Re: Building the Club- securing financial stability
Posted: Sat Jan 06, 2024 10:13 am
UllFC
Club Owner
Joined: Mar 27 2004 Posts: 17407
The one thing im not understanding is if relations are so good with the SMC and Council why arent they getting on with the lease? Even when agreement is made it will take time with the solicitors to finalise it.
A longer lease would make it easier to attract investors as without an extension the club will fold, theres no alternative stadium.
Im sceptical there any local investors, if there was a multimillionaire FC fan around who wanted to risk their fortune on a declining sport theyd have done so by now, the price to buy the club will be as cheap as it has been since the end of the 90s.
Post subject: Re: Building the Club- securing financial stability
Posted: Sat Jan 06, 2024 10:19 am
Mrs Barista
International Board Member
Joined: Jul 15 2005 Posts: 29812 Location: West Yorkshire
UllFC wrote:The one thing im not understanding is if relations are so good with the SMC and Council why arent they getting on with the lease? Even when agreement is made it will take time with the solicitors to finalise it.
A longer lease would make it easier to attract investors as without an extension the club will fold, theres no alternative stadium.
Im sceptical there any local investors, if there was a multimillionaire FC fan around who wanted to risk their fortune on a declining sport theyd have done so by now, the price to buy the club will be as cheap as it has been since the end of the 90s.
If it's not due for renewal for another 3 years maybe City want to see how things pan out their side for a while longer?
Post subject: Re: Building the Club- securing financial stability
Posted: Sat Jan 06, 2024 10:35 am
UllFC
Club Owner
Joined: Mar 27 2004 Posts: 17407
Mrs Barista wrote:If it's not due for renewal for another 3 years maybe City want to see how things pan out their side for a while longer?
Potentially, also from the limited details we have its debateable whether the current deal ia better for FC or the SMC, there were certainly things that annoyed the Allams. At least in Pearson we have someone who knows all about it, he signed it from the other side of the table!
From bits we know its free stewarding and these mysterious 2k tickets the SMC buy in FC's favour, bar takings and a cut of the revenue when crowds go over about 7.5k in the SMC's favour.
Post subject: Re: Building the Club- securing financial stability
Posted: Sat Jan 06, 2024 2:03 pm
Mild Rover
Moderator
Joined: Jun 01 2007 Posts: 12672 Location: Leicestershire.
Mrs Barista wrote:If it's not due for renewal for another 3 years maybe City want to see how things pan out their side for a while longer?
It’s in the interests of the SMC/City to retain their political leverage for as long as possible, I strongly suspect. As the clock runs down, the sirens start to sound much louder on the council’s side. The longer SMC-City wait, the more they’re likely to get.
And, yes - discussing how to negotiate a deal to maximise benefit to one’s own side is slightly painful for me at the moment.
'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.
Post subject: Re: Building the Club- securing financial stability
Posted: Sat Jan 06, 2024 2:23 pm
Mrs Barista
International Board Member
Joined: Jul 15 2005 Posts: 29812 Location: West Yorkshire
Mild Rover wrote:It’s in the interests of the SMC/City to retain their political leverage for as long as possible, I strongly suspect. As the clock runs down, the sirens start to sound much louder on the council’s side. The longer SMC-City wait, the more they’re likely to get.
And, yes - discussing how to negotiate a deal to maximise benefit to one’s own side is slightly painful for me at the moment.
Yes that's what I'd assume. I guess there are 3 leases in play - head lease between Council and SMC, sublease between SMC and City and sublease between SMC and FC. Not sure how the sequencing would work on these, nor whether they all have the same expiry dates. Either way can't see any substantial investment incoming unless/until this security is in place.
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