Rosy in the garden .....

[Wimb]

I'm not 100% clear no, but not being a board member on the football club I don't see how I could be.

I'm just curious to hear what you suspect is going on as I've offered what I feel to be a fairly reasonable assesment of where the deficit comes from and why we have a hole despite a modest profit last season.

I can only make assumptions based on what the club has told us in the press, yes that might be off the mark but I think it's a bit more constructive then just sniping at the club which is what you've done since relegation.

[Schards#2]

I'm not 100% clear no, but not being a board member on the football club I don't see how I could be.

I'm just curious to hear what you suspect is going on as I've offered what I feel to be a fairly reasonable assesment of where the deficit comes from and why we have a hole despite a modest profit last season.

I can only make assumptions based on what the club has told us in the press, yes that might be off the mark but I think it's a bit more constructive then just sniping at the club which is what you've done since relegation.

What you or I do makes no difference to anything whatsoever.

I don't snipe, I just make a dispassionate assessment of the club and the direction it is going, the fact that it doesn't make paletable reading for 'well run club' cult doesn't make it any less accurate.

[Harpers So Solid Crew]

What you do tho does make a difference, stop going and the club have less money, if enough stop going then the club is in trouble. At the moment they are not at that point.

[Schards#2]

What you do tho does make a difference, stop going and the club have less money, if enough stop going then the club is in trouble. At the moment they are not at that point.

I've no intention of stopping going though. I support the team that's out there and still go whether I agree with what they are doing off the pitch or not.

What i'm saying is that what myself and Wimb and anyone else says on here makes no difference.

[Wimb]

I suppose you're right Schards and it's a credit to you that you and your family still go to games home and away despite not feeling 100% happy with the way the club is moving.

It's just frustrating to see fans pulling, even on an attitude only level, in different directions. Still, far rather have a debate like this then argue over statistical interpretation with certain other posters....

[bcubed]

I was just wondering if a statistical analysis would help this debate

[Wimb]

I was just wondering if a statistical analysis would help this debate

If I have to go through a where's the money gone style thread again my head may implode

[Harpers So Solid Crew]

What you do tho does make a difference, stop going and the club have less money, if enough stop going then the club is in trouble. At the moment they are not at that point.

I've no intention of stopping going though. I support the team that's out there and still go whether I agree with what they are doing off the pitch or not.

What i'm saying is that what myself and Wimb and anyone else says on here makes no difference.

Spot on there Sir, and that is why whatever you say I sit here and read it and take it in, yours and your families support of the club cannot be denied. whether folk like it or not you are the fans that will not be palmed off and will say what you think. And are happy to debate issues, with usually reasoned opinions.

[Svlad Cjelli]

So, just to establish where the goalposts currently are, you are saying that there was no debt at the start of this season but there was an anticipated debt of £4 million by the end of the season?

That's exactly the situation.

[weybridgewanderer]

last year I got a bonus of £100K. In addition to my £250K salary my total earnings for the year was £350K.

Between mortages, holidays etc, I spent £300K, so atthe end of the year I was £50K better off, "50K profit".

This year I plan to spend the same, £300K.

My salary is identical, £250K, however my bonus was only 10K.

Therefore I have a "budget deficit" this year of £90K that I need to make up.

i can cover some of this with last years "profit" however the rest I will cover by selling some of my assets.

[Svlad Cjelli]

last year I got a bonus of £100K. In addition to my £250K salary my total earnings for the year was £350K.

Between mortages, holidays etc, I spent £300K, so atthe end of the year I was £50K better off, "50K profit".

This year I plan to spend the same, £300K.

My salary is identical, £250K, however my bonus was only 10K.

Therefore I have a "budget deficit" this year of £90K that I need to make up.

i can cover some of this with last years "profit" however the rest I will cover by selling some of my assets.

Indeed - and if you're a half-competent accountant you don't need to get to the end of this year to know that you'll have run out of money by then (and by how much) - so you sell your assets when the appropriate offer comes in part-way through the year, not just wait until you've actually run out of money and are desperate to sell.

[Wimb]

So what you're saying is Weybridge is NOT Portsmouth Football Club

[Harpers So Solid Crew]

I want to know how WW earned and spent that money, yet appears to not have had to pay tax!!

[weybridgewanderer]

just like quite a number of football clubs?

anyway declared myself non resident and am on a NT tax code

allowed to be in the country 90 days in any one calendar year and 60 days average over a 3 year period

There are 23 home games, so well within my limit and can do a few away days as well!

[STAR Liaison]

There seems to be come confusion in terms here again.

For the season to June 2010 RFC received parachute payments of £11m and with this amount in the recepits for the year made a profit of £1.9m.

For the following season there would be no parachute payments and so it was anticipated that there would be a hole in the finances of £4m because of 'letting players go' had reduced the wage bill (presumably by £5 to 7m with other cost cutting measures) but not by enough to make a profit. Hence the need for one big player sale. The sale was bigger than the anticipated hole and so there was room to expand the wage bill again to allow the addition of Khis and latterly Ledge.

Whether there is debt or not is not relevant to this budget. There is still debt but from memory not much to anyone other than SJM

[Wycombe Royal]

Mature adults confusing "profit and loss" with "budget deficits" . One is in the past one and one is in the future.