Thomas Funds

addick1956 said:

I thought  Thomas said he put 2 hrs funding in up front as requested by EFL.  £21 Million squids. Plus buying the club and legal fees and one player purchase, Schwartz. 

No, he didn’t put the funding in ‘up front’. He had to prove he had funding for two years (source and sufficiency), and I seem to recall he deposited a significant sum into an escrow account to cover the purchase transaction.

Henry Irving said:

Even with a Papal windfall.....

Are we now being financed by the Vatican ? 

Raith_C_Chattonell said:

Is Thomas Funds correct?  Should we not say Thomas' funds or Thomases' funds?

(Asking for a friend). 

I am that friend.

More interesting is the concept of hourly funding.  Presumably this could also apply to the players' contracts ... paid by the hour.

It might explain the Chuks situation.  And the proliferation of late goals and/or penalty misses. 

Cafc43v3r said:

Athletico Charlton said:

Be interested to know airmans views but Bonne, Phillips; Doughty and Grant would have netted about c£6m.  Take off say £500k on transfers in.  Then you have solidarity payments, a small amount of commercial income from ValleyPass, shop etc and an extra Covid payment from the PL if i recall correctly.  Combine that with a low salary bill, much reduced costs for putting games on without fans I am guessing and maybe Covid rates relief of some sort and we might not be too far off breaking even.

hopefully TS also took the opportunity through the rent moratorium to have paid RD precisely no rent whatsoever under the lease obligations to date.

If you look at the 2018/19 seasons accounts the key things are.

Income

Central payments 1.5 million, match day 4.1 million, commercial 1.3 million and other 0.8 million.  Total operating income £7.8 million. 

Player sales also accounted for 2.9 million.

Costs

Wages, including all staff, academy etc £10.4 million.  Total operating costs, including wages was £19.7 million.

Loss

Just over £10 million quid.

This seasons player sales probably cover the 18/19 play sales most of the lost match day revenue (remember that includes the play offs as well).

I can't see how you can get anywhere near break even? 

Does anyone know exactly what the extra 9.3 million operating costs after wages actually were?

Does it include interest payments to the banks and/or  Roland? Do we still have to pay these.

stevexreeve said:

Cafc43v3r said:

Athletico Charlton said:

Be interested to know airmans views but Bonne, Phillips; Doughty and Grant would have netted about c£6m.  Take off say £500k on transfers in.  Then you have solidarity payments, a small amount of commercial income from ValleyPass, shop etc and an extra Covid payment from the PL if i recall correctly.  Combine that with a low salary bill, much reduced costs for putting games on without fans I am guessing and maybe Covid rates relief of some sort and we might not be too far off breaking even.

hopefully TS also took the opportunity through the rent moratorium to have paid RD precisely no rent whatsoever under the lease obligations to date.

If you look at the 2018/19 seasons accounts the key things are.

Income

Central payments 1.5 million, match day 4.1 million, commercial 1.3 million and other 0.8 million.  Total operating income £7.8 million. 

Player sales also accounted for 2.9 million.

Costs

Wages, including all staff, academy etc £10.4 million.  Total operating costs, including wages was £19.7 million.

Loss

Just over £10 million quid.

This seasons player sales probably cover the 18/19 play sales most of the lost match day revenue (remember that includes the play offs as well).

I can't see how you can get anywhere near break even? 

Does anyone know exactly what the extra 9.3 million operating costs after wages actually were?

Does it include interest payments to the banks and/or  Roland? Do we still have to pay these.

I don't know exactly, but I could hazard a guess that in addition to utilities (gas, electricity, water) and business rates for both The Valley and Sparrows Lane, there would be quite a hefty maintenance bill, including relaying the pitch at The Valley.  There would be insurance costs, and maybe an annual structural survey of the stadium.  

Knowing Roland, I expect he would also have included the Sparrows Lane improvements done that year, sticking that onto the accumulating Staprix debt.

Then there are additional team-related costs such as travel to away games, overnight stays, kit & equipment purchase and maintenance, cost of residential summer training week.  There are also, presumably, non-wage costs associated with running the Academy (was that the year Roland stopped providing bottled water?)

Whether or not Roland had a rolling program for replacement of essential admin equipment such as office computers is questionable.  

I'm sure others could add to this list!

N01R4M said:

stevexreeve said:

Cafc43v3r said:

Athletico Charlton said:

Be interested to know airmans views but Bonne, Phillips; Doughty and Grant would have netted about c£6m.  Take off say £500k on transfers in.  Then you have solidarity payments, a small amount of commercial income from ValleyPass, shop etc and an extra Covid payment from the PL if i recall correctly.  Combine that with a low salary bill, much reduced costs for putting games on without fans I am guessing and maybe Covid rates relief of some sort and we might not be too far off breaking even.

hopefully TS also took the opportunity through the rent moratorium to have paid RD precisely no rent whatsoever under the lease obligations to date.

If you look at the 2018/19 seasons accounts the key things are.

Income

Central payments 1.5 million, match day 4.1 million, commercial 1.3 million and other 0.8 million.  Total operating income £7.8 million. 

Player sales also accounted for 2.9 million.

Costs

Wages, including all staff, academy etc £10.4 million.  Total operating costs, including wages was £19.7 million.

Loss

Just over £10 million quid.

This seasons player sales probably cover the 18/19 play sales most of the lost match day revenue (remember that includes the play offs as well).

I can't see how you can get anywhere near break even? 

Does anyone know exactly what the extra 9.3 million operating costs after wages actually were?

Does it include interest payments to the banks and/or  Roland? Do we still have to pay these.

I don't know exactly, but I could hazard a guess that in addition to utilities (gas, electricity, water) and business rates for both The Valley and Sparrows Lane, there would be quite a hefty maintenance bill, including relaying the pitch at The Valley.  There would be insurance costs, and maybe an annual structural survey of the stadium.  

Knowing Roland, I expect he would also have included the Sparrows Lane improvements done that year, sticking that onto the accumulating Staprix debt.

Then there are additional team-related costs such as travel to away games, overnight stays, kit & equipment purchase and maintenance, cost of residential summer training week.  There are also, presumably, non-wage costs associated with running the Academy (was that the year Roland stopped providing bottled water?)

Whether or not Roland had a rolling program for replacement of essential admin equipment such as office computers is questionable.  

I'm sure others could add to this list!

Still seems a hell of a lot to me.  Two hundred thousand pounds each and every week! No regular spending seems to come close to that.

Overnight stays may be expensive for 20 players but even at £1000 per player that's still only £20,000 every fortnight and just a dent in that week's £200,000.

Obviously we are paying over £1 million per year to rent the valley from Roland but even that only works at around £25,000 per week.

You can buy a hell of lot of laptops for 9 million quid!

I'm not sure you can read too much into the filed accounts. Obviously they would be true and accurate but as is the way with such things accounts can be made to show many different pictures depending on what the company is looking to achieve

N01R4M said:

stevexreeve said:

Cafc43v3r said:

Athletico Charlton said:

Be interested to know airmans views but Bonne, Phillips; Doughty and Grant would have netted about c£6m.  Take off say £500k on transfers in.  Then you have solidarity payments, a small amount of commercial income from ValleyPass, shop etc and an extra Covid payment from the PL if i recall correctly.  Combine that with a low salary bill, much reduced costs for putting games on without fans I am guessing and maybe Covid rates relief of some sort and we might not be too far off breaking even.

hopefully TS also took the opportunity through the rent moratorium to have paid RD precisely no rent whatsoever under the lease obligations to date.

If you look at the 2018/19 seasons accounts the key things are.

Income

Central payments 1.5 million, match day 4.1 million, commercial 1.3 million and other 0.8 million.  Total operating income £7.8 million. 

Player sales also accounted for 2.9 million.

Costs

Wages, including all staff, academy etc £10.4 million.  Total operating costs, including wages was £19.7 million.

Loss

Just over £10 million quid.

This seasons player sales probably cover the 18/19 play sales most of the lost match day revenue (remember that includes the play offs as well).

I can't see how you can get anywhere near break even? 

Does anyone know exactly what the extra 9.3 million operating costs after wages actually were?

Does it include interest payments to the banks and/or  Roland? Do we still have to pay these.

I don't know exactly, but I could hazard a guess that in addition to utilities (gas, electricity, water) and business rates for both The Valley and Sparrows Lane, there would be quite a hefty maintenance bill, including relaying the pitch at The Valley.  There would be insurance costs, and maybe an annual structural survey of the stadium.  

Knowing Roland, I expect he would also have included the Sparrows Lane improvements done that year, sticking that onto the accumulating Staprix debt.

Then there are additional team-related costs such as travel to away games, overnight stays, kit & equipment purchase and maintenance, cost of residential summer training week.  There are also, presumably, non-wage costs associated with running the Academy (was that the year Roland stopped providing bottled water?)

Whether or not Roland had a rolling program for replacement of essential admin equipment such as office computers is questionable.  

I'm sure others could add to this list!

It would be right and proper to include that as an expense in the accounts.  He could have put equity, not debt, in to cover it however. 

Valley27000 said:

SuedeAdidas said:

Who says he hasn't already?

Can we see it somewhere?.

Are you Doubting Thomas by any chance ?