6.7 million profit

[Dirk Gently]

Isn't it just a conincidence that these accounts happen to cover the period during which there was a major investment progreamme in the hotel - i.e. building of an extension to it.

[Royal Lady]

Shouldn't the hotel be a separate entity to the Football Club though?

[Silver Fox]

I'm assuming these are the accounts for the holding company, which owns the club and the hotel, as long as that is the situation you aren't getting seperate accounts for the club. I can't see how this means the hotel is the business' priority though

[The 17 Bus]

So Mr Mad is owed £9m from the football club, and £26m from the hotel, have i read that right??

But the profit of £6m comes from both ventures, so is not exclusive to the football side?

Alos since these account we seem to have a surplus of about £9m on players, so he could take back his debts from the football side, or is that too simplistic?

[Royal Lady]

I think Schards was getting at the bit about Expenditure in the accounts - there's no way that was all spent on the club, so Mr Mad must be spending it on the hotel. Or something.

[Ian Royal]

I think Schards was getting at the bit about Expenditure in the accounts - there's no way that was all spent on the club, so Mr Mad must be spending it on the hotel. Or something.

Which presumably is an arm of the club much more likely to turn a profit and therefore extremely useful as a source of income?

[Schards#2]

I haven't the faintest idea whether the hotel will make or lose money. I would just rather it's fortunes were not tied in with football club.

As a supporter, i'm buying into supporting a football club, not a hotel.

Otherwise we'll have Woodcote and Behindu starting threads gloating when the hotel is at full capacity.

[Sun Tzu]

Have to agree Schards, it's crazy for the club to try and generate income from anything other than pure football.

We should only aim to generate income between 2 and 6 on a match day, although I suspect we'd need a few more seats to allow us to earn enough to pay for a decent set of players.....

[Royal Lady]

You know perfectly well that he's not saying that at all. I would far rather the revenue from the football club is spent entirely ON the football club and not moved into another pot destined for the hotel. The football club SHOULD be a separate entity from the hotel, imho.

[Silver Fox]

But is the revenue from the football side of the business spent on the hotel or is it actually the other way around?

[Royal Lady]

If the Club can't generate enough revenue to keep itself as a separate entity from the hotel, we're in heaps of trouble, I'd say. If we're having to rely on revenue from the hotel to help keep the club afloat, things could get very bad, very quickly in this current economic climate.

[Silver Fox]

But surely that's better than relying solely on one income source isn't it? It's often been said that the only way to make a small fortune out of running a football club is to start with a large one, an extra revenue source is a good plan and it's not like it's completely unconnected to the club is it?

BTW would you want non-matchday income (conferences, concerts etc) from the stadium to be kept separate? What about the egg chasing money?

[Schards#2]

Have to agree Schards, it's crazy for the club to try and generate income from anything other than pure football.

Before you agree, i'd have had to have said it in the first place but, once again, you are simply making stuff up.

Seriously, why do this? It's a very strange habit indeed.

[Schards#2]

But surely that's better than relying solely on one income source isn't it? It's often been said that the only way to make a small fortune out of running a football club is to start with a large one, an extra revenue source is a good plan and it's not like it's completely unconnected to the club is it?

BTW would you want non-matchday income (conferences, concerts etc) from the stadium to be kept separate? What about the egg chasing money?

Income is fine, this appears to be a 17 million capital expenditure.

I say 'appears to be' as I can't decipher the accounts. So if anyone knows can they confirm:

Is the club and hotel all one company?

If so, did we spend 17 million on a hotel extention during a relegation season whilst spending next to nothing on players?

Does the football club benefit from the hotel's profits?

Is the football club responsible for the hotel's debts?

Would the club benefit from the sale of the hotel?

Is the hotel an asset on the club's balance sheet?

[mini _dariusz]

Oh god, cue another 15 pages of Schards trying to get into an argument

[Schards#2]

Oh god, cue another 15 pages of Schards trying to get into an argument

There's a white X in a red box at the top right of your screen.

No one's stopping you from using it but you.

[mini _dariusz]

Oh god, cue another 15 pages of Schards trying to get into an argument

There's a white X in a red box at the top right of your screen.

No one's stopping you from using it but you.

I'll remind you that next time you resort to name calling. Shan't be long i don't think.

[The 17 Bus]

But surely that's better than relying solely on one income source isn't it? It's often been said that the only way to make a small fortune out of running a football club is to start with a large one, an extra revenue source is a good plan and it's not like it's completely unconnected to the club is it?

BTW would you want non-matchday income (conferences, concerts etc) from the stadium to be kept separate? What about the egg chasing money?

Income is fine, this appears to be a 17 million capital expenditure.

I say 'appears to be' as I can't decipher the accounts. So if anyone knows can they confirm:

Is the club and hotel all one company?

If so, did we spend 17 million on a hotel extention during a relegation season whilst spending next to nothing on players?

Does the football club benefit from the hotel's profits?

Is the football club responsible for the hotel's debts?

Would the club benefit from the sale of the hotel?

Is the hotel an asset on the club's balance sheet?

The £17m is what JM has loaned for the hotel I think, he is owed £9m in loans from RFC, so that is his money not money from the football club, I guess.

We did not spend £17m on the hotel extension, from what I can see there, it is the debt to JM.

[Schards#2]

So if JM walked away, would the football club owe him the £17 million or just the £9 million?

[Sun Tzu]

Or neither ?

And by the way Schards, remove your head from your arse for 5 minutes. I'm sure you like the view but with the two of you up there it must get very crowded.....