Accounts Released

Quoted from Mappers

Thats the Only thing that irks me when jason says 'we cant fill BP aatm ' because if we did go through to league 1 there would be 10 teams probably capable of bringing 3k+ on a good , so if we evwn dis go through now the lack of capacity would inhibit potentially quite a lot of income,irrelevant how many home fans we manage to get in  .

If we were to be in League One, there's definitely more clubs likely to be able to sell out the away end or come close to it.  I reckon 8 as a minimum based on the current clubs in there. Not sure I agree on the 8 clubs bringing 3,000 though.  Sheff Wed, Derby, maybe Barnsley? If we're in that league you would hope that's more of our fans wanting to watch it too.  

It's a bit chicken and egg isn't it?  You don't build it until there is actual concrete demand for it but you can't build it overnight and when you get round to it you've lost a lot of potential income and there's the risk that some of that demand has gone.

I submitted a question for the fans forum asking how feasible it is to fill in the corners as a short-to-medium term option but it didn't get read out.  Listening to other things that were said about the ground (both at the forum and elsewhere) there's still this view that we don't need to increase our capacity because we're not filling the ground.  I've voiced my disagreement on this before as I think it's a flawed argument against it, but the bigger issue is that there's hopefully going to be an increase in demand for seats all round the ground, sooner rather than later.  

Down the A46 Lincoln are having to rely on significant investment just to plod along in League One, largely because they can't generate enough money through their turnstiles.  I don't think we'll go down that route of having money just pumped into us, but that leaves us very reliant on ticket money to develop and grow.  

Equally so it wouldn't surprise me if plans are firmly afoot to have some sort of solution in place before we know it...

Quoted from diehardmariner

If we were to be in League One, there's definitely more clubs likely to be able to sell out the away end or come close to it.  I reckon 8 as a minimum based on the current clubs in there. Not sure I agree on the 8 clubs bringing 3,000 though.  Sheff Wed, Derby, maybe Barnsley? If we're in that league you would hope that's more of our fans wanting to watch it too.  

It's a bit chicken and egg isn't it?  You don't build it until there is actual concrete demand for it but you can't build it overnight and when you get round to it you've lost a lot of potential income and there's the risk that some of that demand has gone.

I submitted a question for the fans forum asking how feasible it is to fill in the corners as a short-to-medium term option but it didn't get read out.  Listening to other things that were said about the ground (both at the forum and elsewhere) there's still this view that we don't need to increase our capacity because we're not filling the ground.  I've voiced my disagreement on this before as I think it's a flawed argument against it, but the bigger issue is that there's hopefully going to be an increase in demand for seats all round the ground, sooner rather than later.  

Down the A46 Lincoln are having to rely on significant investment just to plod along in League One, largely because they can't generate enough money through their turnstiles.  I don't think we'll go down that route of having money just pumped into us, but that leaves us very reliant on ticket money to develop and grow.  

Equally so it wouldn't surprise me if plans are firmly afoot to have some sort of solution in place before we know it...

Like you I submitted a question that never got asked which is simply how does JS get this 8,500 gate figure, given away allocations & tarps on seats. To me, we are running 2 sets of figures which are the match attendance figure and the ST paid for seats plus match day walk-ins.  I think the latter is probably greater and the figure that JS should talk about.

The orient gate was 6283 including 499 away fans which leaves 5784 home fans, less 5500+ ST's which gives us about 250 walk-ins. I find 250+ walk-ins hard to believe.

That said, and as the thread is about the Accounts, I have complete faith in what 1878 are trying to do. After all we have 2 multi-millionaire businessmen who want to put the club in good standing, make it an asset for the community and be self financing. Let's face it they could have watched the club go down the pan and bought it for far less than they did if they were in in for the money.

The only other club in last season's National League to release their accounts is Notts County. They've released abbreviated accounts which don't include a profit/loss breakdown, so it's difficult to compare them directly to ours.

However, for those interested:

                             Grimsby Town         Notts County
------------------------------------------------------------------------------
Avg. attendance      5,704                     7,027
No. of employees    256                        245
Transfer fees (£)      0 (excl. McAtee)     227,000
------------------------------------------------------------------------------
Overall loss (£)        930,000                 1,700,000

Given the larger overall loss, despite having higher matchday income, I think it's safe to assume that Notts County's playing budget was higher than ours in 2021/22.

Quoted from MarinerDevil

The only other club in last season's National League to release their accounts is Notts County. They've released abbreviated accounts which don't include a profit/loss breakdown, so it's difficult to compare them directly to ours.

However, for those interested:

                             Grimsby Town         Notts County
------------------------------------------------------------------------------
Avg. attendance      5,704                     7,027
No. of employees    256                        245
Transfer fees (£)      0 (excl. McAtee)     227,000
------------------------------------------------------------------------------
Overall loss (£)        930,000                 1,700,000

Given the larger overall loss, despite having higher matchday income, I think it's safe to assume that Notts County's playing budget was higher than ours in 2021/22.

Don't think it can be overstated at quite how important it was we got out of that league. Despite the emotion of it, we got away with one. With the money flying around down there, it's safe to say we'd struggled to have matched the top two in terms of points output again and once again, you're in a playoff lottery.

Interesting seeing the gate revenue. I recently read that Arsenal Women took 500k in gate receipts last season, but their wage bill is £4.4m!! And of that, Leah Williamson gets 200k! Madness. Football completely unsustainable in the WSL. My regular slagging of the women’s game is justified then…..

There’s no alarm bells being rung in my head looking at our accounts, and definitely not when taken into context against the likes of Preston and Bristol City.

Brilliant, I'm going to go through these with a fine tooth comb ............. Ffs , years ago you wouldn't of been able to see these easily so all you'd ever be concerned about are results on the pitch .

The accounts are really well presented and are clearly for public consumption.

That’s fairly unusual at this level as most clubs make the bare minimum available. It’s a big tick in the box for transparency.

Quoted from It Bites

Brilliant, I'm going to go through these with a fine tooth comb ............. Ffs , years ago you wouldn't of been able to see these easily so all you'd ever be concerned about are results on the pitch .

We were a Plc previously so the accounts were easily accessible and had to be transparent. This regime have made us a Ltd company and are providing us with a lot more detail than they need to.

Have we had McAtee's money from Luton yet ?

I am no accountant so do not read towns accounts,

BUT

I have every faith in Jason and Andrew  and I think they know what they are doing in fact I know they do.

So relax we are in safe hands and all things are on the up.

After all the penny pinching over the years we will make steady progress in all directions.