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kowenicki

Radio Manc tonight. 6pm. 9th April

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For those interested. I think they are discussing local lower league finances tonight including Macc, Dale, Bury, Bolton and Latics. 

 

 

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3 minutes ago, Londonboy said:

Wont be discussing ours as AL hasn't released them yet!!

 

It’s a general discussion about finances, not a forensic exam of statutory accounts.  Bolton’s aren’t available either, but I’m pretty sure there will be a discussion around them too. 

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21 minutes ago, kowenicki said:

 

It’s a general discussion about finances, not a forensic exam of statutory accounts.  Bolton’s aren’t available either, but I’m pretty sure there will be a discussion around them too. 

If it's on Radio Manchester it'll be 90% about them.

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Just now, Bobledgersheart said:

If it's on Radio Manchester it'll be 90% about them.

 

Probably true. 

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Bury have a winding up petition to deal with tomorrow don’t they? Serious chance they don’t get through that by all accounts. 

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8 minutes ago, kowenicki said:

Bury have a winding up petition to deal with tomorrow don’t they? Serious chance they don’t get through that by all accounts. 

 

Slightly related - https://www.burytimes.co.uk/news/17560478.former-bury-fc-chairman-stewart-days-empire-goes-under-owing-27million/ 

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1 hour ago, jorvik_latic said:

 

Frightening. I feel really sorry for their supporters. I'd be devastated if Latics went under.

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2 hours ago, jorvik_latic said:

 

2 hours ago, kowenicki said:

 

Blimey. Almost certainly some contagion there. Horrendous. 

 

25 minutes ago, lookersstandandy said:

 

Frightening. I feel really sorry for their supporters. I'd be devastated if Latics went under.

You'd imagine he's shipped a load of debt onto Bury from his other companies along the way.

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28 minutes ago, singe said:

 

 

You'd imagine he's shipped a load of debt onto Bury from his other companies along the way.

Or maybe the other way round?

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Aggregate Championship accounts so far. 

 

Income: £530m.

 

Wages: £590m  (just wages)

 

 

 

 

 

 

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4 minutes ago, lookersstandandy said:

Did he also say each Champ club loses on average £400k per week?

 

I think he did...

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....all the region’s clubs were invited to nominate someone to contribute to the programme. Only Wigan accepted.... their Chief Exec, Jonathan Jackson? is on.

Edited by lookersstandandy

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So in summary Bolton is done unless a hugely wealthy investor turns up. Expected. They only did well because of stupid amounts of cash and a good manager (for the time).  They just threw £200m at it over the years. 

 

 

 

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6 minutes ago, lookersstandandy said:

....all the region’s clubs were invited to nominate someone to contribute to the programme. Only Wigan accepted.... their Chief Exec, Jonathan Jackson? is on.

 

Wigan. £8m loss first year after parachute payments finished. Don’t see a big future for them. New owners don’t seem the type to throw cash at it forever. Parent company share price is in free fall too, which is interesting.

 

Edited by kowenicki

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Wigan guy essentially said they will now cut their cloth.  League 1 / Champ yo-yo for them then. 

 

 

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1 minute ago, kowenicki said:

Wigan guy essentially said they will now cut their cloth.  League 1 / Champ yo-yo for them then. 

 

 

 

....or punch above their weight by staying in the Champ and hoping they get lucky every now and again with a crop of players at the top end / flirting with promotion....

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As per his tweet, Kieran McGuire giving us & Marco stick for moving the accounting period by a day to delay publication by 3 months. I hadn’t considered this, but - Kieran McGuire suggested - it could also be true that we haven’t paid the accountants and they’ve downed tools too.... unsurprisingly nothing else to add about us it would appear.

Edited by lookersstandandy

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Rochdale ‘model club’.  Very true so far, although recent accounts showed they slipped to a loss.  I’d say hang fire on that anyway. Next years published accounts will be very different. Guaranteed.   

 

Oldham. Suspicious and it probably isn’t good, but no more than that said so far. 

 

 

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3 minutes ago, lookersstandandy said:

Dale below 60% salary cost to income ratio....

 

And still posted a loss...

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1 minute ago, kowenicki said:

Rochdale ‘model club’.  Very true so far, although recent accounts showed they slipped to a loss.  I’d say hang fire on that anyway. Next years published accounts will be very different. Guaranteed.   

 

Oldham. Suspicious and it probably isn’t good, but no more than that said so far. 

 

 

 

1 minute ago, kowenicki said:

 

And still posted a loss...

 

£1.3m profit the year before on the back of Hogan’s sell on though.....

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Just now, lookersstandandy said:

 

 

£1.3m profit the year before on the back of Hogan’s sell on though.....

 

Yes. £300k loss in last accounts with a 60% wage bill... 1.6m swing.  They desperately need to sell for decent fees to sustain their model. 

 

Next year will be poor. There is something going on there that isn’t quite right at the minute. 

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