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2019/20 accounts (Here we go!)

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    Dazzler21Dazzler21
    Rothko said:
    These accounts are exactly the reason why I’m so short with those who demand spending like there is no tomorrow.
    Too bloody right

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    thenewbiethenewbie
    Airman Brown said:
    Cafc43v3r said:
    If you look at them the P&L is actually pretty good for a championship club, especially when you take out the "Southall element".

    The balance sheet is awful.  However it will will remain as such until the loans due to Roland are either written off or paid.  It will look worse next year when another 11 million drops on as outstanding.

    The argument that it shows that we shouldn't spend is nonsense.  If anything it shows the exact opposite. Especially if you also view the previous years accounts. If we don't spend at all we will lose between 7 and 10 million in the coming season.  And the season after.  And the season after.

    Anyone suggesting we aim for break even, in league 1, is either financially illiterate or an idiot.  

    The balance is spend just enough and spending it well.  I honestly believe we are well placed to do this and the evidence backs it up. 

    These accounts don't really tell us anything we didn't already know nor do they prove that spending money to get out of league 1 ASAP is a bad idea. 
    Indeed. All sorts of rubbish gets talked about losses being lower in L1 or “we’re better off not getting promoted because we’re not ready”. The imperative is to get out as fast as possible.
    Very much agreed. Though as a counterpoint it does also undermine the argument (by some) that Sandgaard isn't spending any money or investing at all. He's run up a lot of costs well outside of transfers etc.
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    Mendonca In AsdasMendonca In Asdas
    AndyG said:
    Mendonca In Asdas said:

    Oh we should get these to carry the ball out at kick off for every home game lol
    I did think that would be quite ironic if Thomas could get the match ball for the Chef Wednesday on the pitch this way, could be a good publicity stunt.
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    AndyGAndyG
    Whilst the crowd sing " Southall your a twat "
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    guinnessaddickguinnessaddick
    Are these the accounts that show how much Elliot put it?
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    letthegoodtimesrollletthegoodtimesroll
    AndyG said:
    Whilst the crowd sing " Southall your a twat "
    For a while he had the use of a couple of range rovers, a pad in Shad Thames, some large consultancy invoices paid and all the fizzy pop and crisps he needed on deadline day, all with no come back ?
    not sure calling him names will upset him that much
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    IdleHansIdleHans
    letthegoodtimesroll said:
    AndyG said:
    Whilst the crowd sing " Southall your a twat "
    For a while he had the use of a couple of range rovers, a pad in Shad Thames, some large consultancy invoices paid and all the fizzy pop and crisps he needed on deadline day, all with no come back ?
    not sure calling him names will upset him that much
    No but at least his teeth will be rotten
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    BlucherBlucher
    There is an excellent analysis on our 2019/20 accounts on Swiss Ramble's Twitter account. It's also been picked up by Wynn Grant - https://footballeconomyv2.blogspot.com/2021/08/charltons-financial-woes.html

    The Swiss Ramble thread includes tables of figures for the 2019/20 Championship clubs. A very interesting (and sobering) read.
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    Airman BrownAirman Brown
    My own take on them will be in VOTV168 tomorrow.
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