Pilchards Posted 2 September, 2009 Share Posted 2 September, 2009 (edited) I was told a while back that the way our new owner is allowing us to operate in bringing in new players is a wage budget. Example: Alan Pardew has a 200k budget a week, if he keeps under that then he can bring in who he wants. Rasiak would of been a very large wage earner which suggests that our new Papa & Jaidi have come in his place. Out went several other high earners like Surman, Mcgoldrick, Bwp and Euell etc which freed up the chance to bring in Murty, Harding, Lambert & Co. I still have a feeling he is under budget and would like to bring in some more loans as they won't cost him any money. I expect the championship (when we go up) will allow him double his wage budget until we reach the premiership which will be very interesting. Now my other point is this. Do you think we are operating on a even profit through money coming in with the gates, TV or do you think our Swiss owner is dipping into his pockets? Edited 2 September, 2009 by Pilchards Link to comment Share on other sites More sharing options...
saint_stevo Posted 2 September, 2009 Share Posted 2 September, 2009 money in outweighed money out, whether admin ate into the DMG and Surman money i dont know, but i think we may well be self sufficient at the moment, just. Link to comment Share on other sites More sharing options...
aintforever Posted 2 September, 2009 Share Posted 2 September, 2009 More importantly, if he is dipping into his pockets is gifted or a Gaydamak style loan? Link to comment Share on other sites More sharing options...
sotonjoe Posted 2 September, 2009 Share Posted 2 September, 2009 More importantly, if he is dipping into his pockets is gifted or a Gaydamak style loan? no, it's not a loan. Cortese clarified that in his original echo interview. Link to comment Share on other sites More sharing options...
hamster Posted 2 September, 2009 Share Posted 2 September, 2009 £200k x 52 weeks. Doesn't that make an annual spend of just over 10 Mi££ion quid? Sounds pretty generous if true. Link to comment Share on other sites More sharing options...
Pilchards Posted 2 September, 2009 Author Share Posted 2 September, 2009 £200k x 52 weeks. Doesn't that make an annual spend of just over 10 Mi££ion quid? Sounds pretty generous if true. I did say example! Link to comment Share on other sites More sharing options...
Colinjb Posted 2 September, 2009 Share Posted 2 September, 2009 Depends, how much a year where we spending on the stadium mortgage? Link to comment Share on other sites More sharing options...
Leslie Charteris Posted 2 September, 2009 Share Posted 2 September, 2009 I think ML dipped into his pocket to buy the club and its debts and is now insisting that the club keeps expendture within income, give or take a few bob, which will be great if the home gates carry on as they've started. I don't think Herr Liebherr became independently wealthy of the rest of his family by letting his companies run at a loss! Link to comment Share on other sites More sharing options...
Pilchards Posted 2 September, 2009 Author Share Posted 2 September, 2009 Depends, how much a year where we spending on the stadium mortgage? I got the impression he paid off all our debts and that we started afresh. With that in mind is our new owner saying have an extra 5 million this season or is he saying keep it even Cortese (whatever the name?) Link to comment Share on other sites More sharing options...
doggface Posted 2 September, 2009 Share Posted 2 September, 2009 Yes it has been confirmed we are debt free. Everything else is speculation, when is the solent forum? maybe we will find out a little more about how they intend to operate? Link to comment Share on other sites More sharing options...
smithy Posted 2 September, 2009 Share Posted 2 September, 2009 Depends, how much a year where we spending on the stadium mortgage? I don't believe there is a mortgage, if you had 2.5b would you have a mortgage? Link to comment Share on other sites More sharing options...
EBS1980 Posted 2 September, 2009 Share Posted 2 September, 2009 (edited) Does our Flybe deal only have one year remaining? Wonder if one of his companies will sponsor us once it runs out? Edited 2 September, 2009 by EBS1980 Spelling error Link to comment Share on other sites More sharing options...
Gingeletiss Posted 2 September, 2009 Share Posted 2 September, 2009 Depends, how much a year where we spending on the stadium mortgage? There isn't one............... He stated right at the outset, that the club would be run as a buisness, and we would not operate in debt......this is one of his big things apparently....he doesn't like debt11 Link to comment Share on other sites More sharing options...
Colinjb Posted 2 September, 2009 Share Posted 2 September, 2009 I don't believe there is a mortgage, if you had 2.5b would you have a mortgage? My point is that the money we previously would have been spending is now back in the club's running costs. Based on the previous way the club was being run (get rid of anyone earning much, and of which I believe many estimates where made of our wage bill during administration) we can surely add back in the mortgage to that to get a feel for our current monthly playing staff budget (assuming it is not subsidised) Link to comment Share on other sites More sharing options...
um pahars Posted 2 September, 2009 Share Posted 2 September, 2009 (edited) Now my other point is this. Do you think we are operating on a even profit through money coming in with the gates, TV or do you think our Swiss owner is dipping into his pockets? Been out of the loop for a bit, but even allowing for offloading a few players wages (and bringing some others in), I still think we would be running at an operational deficit (i.e. running at a loss before player sales). Wouldn't want to be held to a figure, but I would have thought we are being subsidised by a few million a year. Edited 2 September, 2009 by um pahars Link to comment Share on other sites More sharing options...
Pilchards Posted 2 September, 2009 Author Share Posted 2 September, 2009 Does our Flybe deal only have one year remaining? Wonder if one of his companies will sponsor us once it runs out? great point? Would we be seen as a good investment for any company now we are showing some ambition? I expect Notts County could attract the likes of Nike on the front of there's so why not us? Link to comment Share on other sites More sharing options...
Deanovski Posted 2 September, 2009 Share Posted 2 September, 2009 i want a lotto kit plz Link to comment Share on other sites More sharing options...
Colinjb Posted 2 September, 2009 Share Posted 2 September, 2009 great point? Would we be seen as a good investment for any company now we are showing some ambition? I expect Notts County could attract the likes of Nike on the front of there's so why not us? Personally I would be more then happy to carry Markus Liebherr's 'MALI Group' logo on the front of the shirts next year. Link to comment Share on other sites More sharing options...
smithy Posted 2 September, 2009 Share Posted 2 September, 2009 My point is that the money we previously would have been spending is now back in the club's running costs. Based on the previous way the club was being run (get rid of anyone earning much, and of which I believe many estimates where made of our wage bill during administration) we can surely add back in the mortgage to that to get a feel for our current monthly playing staff budget (assuming it is not subsidised) Apologies, I misread your original post. You make a good point. Link to comment Share on other sites More sharing options...
Colinjb Posted 2 September, 2009 Share Posted 2 September, 2009 Apologies, I misread your original post. You make a good point. Don't worry mate, you wern't the only one to miss the use of past tense, and thankyou. Also, to point out Gingeletiss' remark that Liebherr wishes to run the club within itself day to day would put the calculation I have recommended into some excellent context. Link to comment Share on other sites More sharing options...
Highfield Saint Posted 2 September, 2009 Share Posted 2 September, 2009 I was told a while back that the way our new owner is allowing us to operate in bringing in new players is a wage budget. Example: Alan Pardew has a 200k budget a week, if he keeps under that then he can bring in who he wants. Rasiak would of been a very large wage earner which suggests that our new Papa & Jaidi have come in his place. Out went several other high earners like Surman, Mcgoldrick, Bwp and Euell etc which freed up the chance to bring in Murty, Harding, Lambert & Co. I still have a feeling he is under budget and would like to bring in some more loans as they won't cost him any money. I expect the championship (when we go up) will allow him double his wage budget until we reach the premiership which will be very interesting. Now my other point is this. Do you think we are operating on a even profit through money coming in with the gates, TV or do you think our Swiss owner is dipping into his pockets? My understanding is that ML is supporting the club to the tune of around £5m pa in running costs and he has underwritten this for a number of years. I also believe (as opposed to understand) that funds for player purchase will be available as and when we are positioned to push for promotion either this year but more likely next year. Link to comment Share on other sites More sharing options...
doggface Posted 2 September, 2009 Share Posted 2 September, 2009 Flybe deal one year left, I would speculate unlikely to be renewed. Umbro deal will have 3 seasons left at the end of this season, I think they have done a good job so far. Notts County's do not go direct through Nike but a UK subsidary (like palace & southend)- all their kits are very outdated team wear templates you can buy off any major sports retailer without the badges. Adidas & Puma also do a similar deal for lower league clubs with some poor results. Although they have yearly themes and certain mix & match templates at least umbro will produce a direct bespoke kit. Link to comment Share on other sites More sharing options...
Pilchards Posted 2 September, 2009 Author Share Posted 2 September, 2009 Flybe deal one year left, I would speculate unlikely to be renewed. Umbro deal will have 3 seasons left at the end of this season, I think they have done a good job so far. Notts County's do not go direct through Nike but a UK subsidary (like palace & southend)- all their kits are very outdated team wear templates you can buy off any major sports retailer without the badges. Adidas & Puma also do a similar deal for lower league clubs with some poor results. Although they have yearly themes and certain mix & match templates at least umbro will produce a direct bespoke kit. I was referring to having the name across the front and not as a shirt maker, Anyway thanks for your info as it's informative. Link to comment Share on other sites More sharing options...
smithy Posted 2 September, 2009 Share Posted 2 September, 2009 I was referring to having the name across the front and not as a shirt maker, Anyway thanks for your info as it's informative. Nike also own Umbro. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 2 September, 2009 Share Posted 2 September, 2009 (edited) more loans as they won't cost him any money. Wrong Loans cost money. A decent player on loan is in many cases likely to require a hefty loan fee. Fiorentina for example wouldn't give us a player worth over £1m for free that we can have for a year and maybe/maybe not sign him at the end of it. It will be something like £300k loan fee for a season plus an option to buy in the summer for £1.5m Edited 2 September, 2009 by Matthew Le God Link to comment Share on other sites More sharing options...
Rebel Posted 2 September, 2009 Share Posted 2 September, 2009 The Umbro home shirt is the best kit we've had for quite a long time As for Saints turnover it's probably something like £12 million so Liebherr could well be funding us to the tune of £5 million per annum Our turnover in the CCC was about £15 million I think but we've reduced our wage bill on and off the pitch and we have no debts and no mortgage on the stadium (it was paid off as part of the agreement taking us out if administration) Link to comment Share on other sites More sharing options...
eurosaint Posted 2 September, 2009 Share Posted 2 September, 2009 money in outweighed money out, whether admin ate into the DMG and Surman money i dont know, but i think we may well be self sufficient at the moment, just. As they went before ML took over, this income would undoubtedly have paid the existing bills and partly the creditors ! Any deals since then have (apart from rasiak) been incoming, so I feel sure that he has footed the total bill ! Link to comment Share on other sites More sharing options...
sotonjoe Posted 2 September, 2009 Share Posted 2 September, 2009 common rumour i heard was that our mortgage repayments were costing us approx £5m per annum before the debt was wiped. Link to comment Share on other sites More sharing options...
CHAPEL END CHARLIE Posted 3 September, 2009 Share Posted 3 September, 2009 common rumour i heard was that our mortgage repayments were costing us approx £5m per annum before the debt was wiped. IIRC the stadium repayment was closer to £2m pa , there also would be a (much smaller) interest payment to Barclay's re the 'overdraft' . On balance the wage bill /debt interest reductions (Rasiak & Euell ..etc were on big money) and a modest profit on player trading (c £1m) might just leave us somewhere near the break even point this year . Link to comment Share on other sites More sharing options...
WealdSaint Posted 3 September, 2009 Share Posted 3 September, 2009 I wonder now the club is a private business if we will ever get to see any accounts? Not sure how much I care if things go well on the pitch tho'! Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 3 September, 2009 Share Posted 3 September, 2009 In terms of salaries don't forget AP has brought in more backroom staff which has increased operating costs. Something is telling me that either we are running at break even or ML has already agreed to fund the clubs recovery in the short term to help Nicola steady the ship. Might therefore be different situation entirely next season. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 3 September, 2009 Share Posted 3 September, 2009 money in outweighed money out, whether admin ate into the DMG and Surman money i dont know, but i think we may well be self sufficient at the moment, just. Chicken and Egg situation IMHO .....If the Team start winning, we should get gates of over 20K at StMary's, and if that happens, then I think we would be "self sufficient" in ML/NC's eyes In other words, as with most things .. Success Breeds Success ........ Link to comment Share on other sites More sharing options...
farawaysaint Posted 3 September, 2009 Share Posted 3 September, 2009 £200k x 52 weeks. Doesn't that make an annual spend of just over 10 Mi££ion quid? Sounds pretty generous if true. Not really.. Liebhher=billionaire his investments will all be earning him money let me put it into context if all his money was solely invested in a money market account (circa 2.5 billion pounds I think?) Then at a general interest rate of 5.25% http://switzerland.isyours.com/e/banking/general/interest.html Thats 131 million punds of interest a year... WE ARE POCKET CHANGE Link to comment Share on other sites More sharing options...
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