It’s a profit/loss issue...

The club face an unexpected loss of up to 35 million and more to come next season due to the pandemic.

With a deflated transfer market they are furloughing staff that are unable to work and trying to avoid redundancies

Players and executives will take decisions when the extent of the losses are known

Posted By: loz on April 25th 2020 at 12:35:10

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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