so is it a turnover or a cashflow issue?

If it is just a cashflow issue then why have the club not announced they will repay the taxpayer in the future once they have more liquid assets available?

Posted By: Mecagoenti on April 25th 2020 at 12:31:38

Message Thread

So Stuart Webber justifies furloughing 200 people... (NCFC) - Superstar D J, Apr 25, 12:04:38
- The furloughed staff haven’t had a wage cut....so why should they? (n/m) (NCFC) - BINMEN8R, Apr 25, 22:17:36
- Just thank Christ we didn't gamble as many on here wanted us to do. (n/m) (NCFC) - usacanary, Apr 25, 14:31:35
- club have already said tickets will be refunded if fixtures cannot be played out (n/m) (NCFC) - maidstoneyellow, Apr 25, 13:04:05
- Football is a business (NCFC) - Cardiff Canary, Apr 25, 12:51:48
- for now they seem to have dropped the act that we are community club (NCFC) - Mecagoenti, Apr 25, 12:08:02
  - We are a self funding club and we do a great deal for the community... (NCFC) - loz, Apr 25, 12:09:11
    - Whilst we do a bit in the community, so do most other clubs, (NCFC) - Superstar D J, Apr 25, 12:18:07
      - Do we? Prove it. (n/m) (NCFC) - The prove it guy, Apr 25, 16:10:12
    - what is this sychophantic bullshit? (NCFC) - Mecagoenti, Apr 25, 12:12:42
      - You appear to have misinterpreted "community club" as "charity" (NCFC) - mr carra, Apr 25, 13:18:44
        
        no, I just don't agree with your neo-liberal interpretation (NCFC) - Mecagoenti, Apr 25, 13:20:44
        
        Oh well....I'm sure you will get over it. (n/m) (NCFC) - usacanary, Apr 25, 14:11:53
        
        well, actually I probably won't (NCFC) - Mecagoenti, Apr 25, 14:19:23
        
        Those two things aren't mutually exclusive (NCFC) - Cardiff Canary, Apr 25, 13:29:14
        
        no it hasnt (n/m) (NCFC) - ghostof barry butler, Apr 25, 13:27:22
        
        in your opinion perhaps, but not mine (NCFC) - Mecagoenti, Apr 25, 13:52:51
      - What are you talking about he said ... (NCFC) - loz, Apr 25, 12:15:40
        
        you've obviously got some kind of agenda here (NCFC) - Mecagoenti, Apr 25, 12:19:53
        
        Turnover is vanity and means jack. (n/m) (NCFC) - BINMEN8R, Apr 25, 22:19:44
        
        Key word here is 'turnover' (NCFC) - Cardiff Canary, Apr 25, 12:47:31
        
        Turnover that has disappeared ... (NCFC) - loz, Apr 25, 12:21:44
        
        so make up that shortfall from the 7 figure salaries of the players and directors (NCFC) - Mecagoenti, Apr 25, 12:29:12
        
        Please explain to me why any football club shouldn’t furlough staff whilst big business (NCFC) - BINMEN8R, Apr 25, 22:24:12
        
        Erm there’s no transfer window open (n/m) (NCFC) - loz, Apr 25, 12:30:05
        
        so is it a turnover or a cashflow issue? (NCFC) - Mecagoenti, Apr 25, 12:31:38
        
        It’s a profit/loss issue... (NCFC) - loz, Apr 25, 12:35:10
        
        you're missing the point (NCFC) - Mecagoenti, Apr 25, 12:41:16
        
        The club is getting the government to pay because... (NCFC) - mr carra, Apr 25, 13:06:47
        
        do you live in some kind of bubble? (NCFC) - Mecagoenti, Apr 25, 13:17:08
        
        How many other self funding prem clubs are there ... (NCFC) - loz, Apr 25, 13:35:10
        
        Oh poor Delia, the poor millionaire. (NCFC) - Superstar D J, Apr 25, 13:56:09
        
        and there it is...........The agenda...... (n/m) (NCFC) - usacanary, Apr 25, 17:40:55
        
        what do you mean 'self-funding'? (NCFC) - Mecagoenti, Apr 25, 13:42:58
        
        To survive. (NCFC) - Cardiff Canary, Apr 25, 12:53:58
        
        "To survive"? (NCFC) - CWC, Apr 25, 13:00:49
        
        I don't think it's immoral (NCFC) - Cardiff Canary, Apr 25, 13:11:40
        
        A serious enough survival issue to take taxpayer funding (NCFC) - CWC, Apr 25, 13:30:14
        
        It will happen it just hasn’t happened yet (n/m) (NCFC) - loz, Apr 25, 13:38:47
        
        Yeah this (n/m) (NCFC) - Cardiff Canary, Apr 25, 13:56:12
        
        absolute bullshit - the club does not need to furlough staff to survive (NCFC) - Mecagoenti, Apr 25, 12:58:03
        
        You're wrong (NCFC) - Cardiff Canary, Apr 25, 13:08:07
        
        it's nonsense to compare a football club with other businesses (NCFC) - Mecagoenti, Apr 25, 13:14:37
        
        Those aren't Liquid assets... (NCFC) - Cardiff Canary, Apr 25, 13:24:19
        
        thanks for the in depth analysis of the clubs finances (n/m) (NCFC) - maidstoneyellow, Apr 25, 13:06:18
        
        I know what you are saying I just disagree ... (NCFC) - loz, Apr 25, 12:43:29
        
        Yeah, this (n/m) (NCFC) - Cardiff Canary, Apr 25, 12:55:02
        
        35 million is worst case. Typical Webber to go straight for the headline number. (n/m) (NCFC) - Superstar D J, Apr 25, 12:36:00
        
        Ben Kensall actually he’s in charge of finance ... (NCFC) - loz, Apr 25, 12:44:36
        
        so if turnover has disappeared (NCFC) - Henclrikus, Apr 25, 12:23:41
        
        He hasn’t said they won’t rather... (NCFC) - loz, Apr 25, 12:26:28
        
        Thats utter. bollocks though Loz (NCFC) - CWC, Apr 25, 12:50:08
        
        Are you a partner or employee? (n/m) (NCFC) - SimonOTBC, Apr 25, 16:05:34
        
        P (n/m) (NCFC) - CWC, Apr 25, 21:37:55
        
        meanwhile the club's losses increase (NCFC) - Henclrikus, Apr 25, 12:28:31
        
        But why leave it? Once the players have their money in the bank they are hardly going.... (NCFC) - Superstar D J, Apr 25, 12:27:44
        
        A deferral is no good to the club... (NCFC) - loz, Apr 25, 12:29:11
        
        A deferral is better than paying out cash now (NCFC) - CWC, Apr 25, 12:51:58
        
        the current losses are already known! (NCFC) - Henclrikus, Apr 25, 12:33:37
        
        We haven’t refunded tickets yet have we.... (NCFC) - loz, Apr 25, 12:41:34
        
        Try answering the question. (NCFC) - Henclrikus, Apr 25, 12:52:54
        
        We're obliged to, unless the players agree to a reduction (n/m) (NCFC) - Azteca, Apr 25, 13:40:14
        
        we are obliged to pay them, I fully appreciate that (NCFC) - Henclrikus, Apr 25, 13:44:10
        
        Ask the players (n/m) (NCFC) - Azteca, Apr 25, 13:51:38
        
        Exactly and Webber said they haven’t discussed it yet. (NCFC) - Superstar D J, Apr 25, 13:58:35
        
        We haven’t refunded any money yet have we? (n/m) (NCFC) - loz, Apr 25, 13:03:49
        
        Try answering the question. (NCFC) - Henclrikus, Apr 25, 13:22:58
        
        They aren’t yet ... (NCFC) - loz, Apr 25, 13:47:07
        
        four matchdays have come & gone (NCFC) - Henclrikus, Apr 25, 17:51:55
        
        Did we sell tickets for Brighton? (NCFC) - SCC 28, Apr 25, 13:12:54
        
        So what? (NCFC) - CWC, Apr 25, 13:12:09
        
        They will know both the liability there. (n/m) (NCFC) - Superstar D J, Apr 25, 12:44:41
        
        How so... (NCFC) - loz, Apr 25, 12:46:05
        
        They will know the worst case scenario (n/m) (NCFC) - CWC, Apr 25, 12:52:55
        
        Yep or the high wage earners. (NCFC) - Superstar D J, Apr 25, 12:25:10
        
        Just because other big companies have done it, doesn’t make it right. (n/m) (NCFC) - Superstar D J, Apr 25, 12:19:04
- You haven’t read what he’s said have you ?... (NCFC) - loz, Apr 25, 12:06:45
  - No I didn’t. (NCFC) - Superstar D J, Apr 25, 12:16:26
    - Here (NCFC) - s10 yellow, Apr 25, 12:52:46
      - Thanks (n/m) (NCFC) - Superstar D J, Apr 25, 14:37:34

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