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Iron Bru Forums Blast Furnace Board answers

  • This topic has 20 replies, 14 voices, and was last updated 1 week ago by CMCCMC.
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  • #298168
    fans6464
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    Registered On: February 14, 2015
    Topics: 492

    Sustainability (John question.) Not enough cash coming in. 1.4m in cost £2m to run.

    Inheritance 1.7m debt. paying .

    Its Tough selling GP as a venue as people just don’t think of it for weddings , had a couple of wakes etc ..

    Trying to create more events.

    . Putting in money every month ,65k a month needed.

    Not going part time if we don’t go up..

    In periods performing on pitch , George Aikinhead , he’s a fan too and has the same frustrations when it’s been awful to watch

    Matt , events proposed. “Innovative” .

    Summer festival, 3 X 1 day concerts. One day something local, it seemed that fake bands might be the order and a bigger name

    Fanzones too to try Raise fan spend per head.

    Focus summer festival.

    8 weeks to do the pitch . Event should be before may so that pitch can be relaid

    Very high wage bill,a legacy.

    Wage bill less.

    Hospitality manager , a few have applied . admitted made mistakes in that recruitment recently

    Money going on bills ,might now starting to be bale to reinvest infrastructure.

    Actual level of debt £120 k . Director debt going up . No figure given.

    Beck, paid for. Beck didn’t effect whole budget context.

    7 players taking bulk of current budget.

    Not the contractor that did the pitch to blame for but club didn’t buy after care plan . Mistake by the board.

    Looking for outside investment but coy about it

    Quibell park might go into CIC talk.? no padding as to what use would be

    Ground able to be rate free once longer lease signed

    1/3 or 2/3 ( I forgot which) of match revenue goes on stewards before you start other costs.

    Meeting sag , to try reduce stewards.

    On pitch performance bad to watch at times ,George.

    George has Spoken to Joe Henderson ,doesn’t want to get involved now . Sheepish answer

    Matt Roberts , John asked about experience

    Went to uni , buzz phrases, (I switched off). Old ways broken., focus on “stakeholders” , long way of saying none.

    Still getting historic debts pop up, people who thought that previously they’d lost their money are nco9ntacting to retrieve it. Some of them for long term contracts ,no details given

    Redundancy payments were high.

    (CIC) Not rushing to sell land as Might be better opportunity in future. No point selling cheap now

    Certainly not going to pay certain players high wages next season.Caviat that some prefer longer terms than higher short term and higher wage spenders in south

    Cryptic notes I made before Sam Smith’s tech police bollocked me and told me to put phone down.

    There’s about £1/4m in shares available for in Michelle’s name all those fund if sold will go to the club not Michelle’s pocket. The board are keeping 20% each

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    #298185
    cassidystashcassidystash
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    Registered On: January 4, 2014
    Topics: 114

    Thanks 64. Will the Trust be issuing a summary?

    #298188
    Deereyme66Deereyme66
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    Registered On: May 8, 2017
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    Didn’t know the phone ban extended to private meetings in their pubs. FFS.

    #298189
    AwaywegoAwaywego
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    Registered On: June 20, 2017
    Topics: 172

    Doesn’t seem right to me the trust having the meeting there in the first place. What’s up with the executive lounge.
    No wonder the club the club find it tough to sell GP if they can’t even get the trust to go down there.
    Do you think the board were having a dig. Lol.

    #298190
    fans6464
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    No

    #298191
    IronaweIronawe
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    Registered On: December 31, 2013
    Topics: 43

    Interesting about the sale of GP. I assumed that it could not be sold as it was a community interest. Is it the case that if they have consensus they can agree to sell GP and the land? Does this have stipulations that it must remain a place of football (loosely speaking!)
    Selling GP is not mentioned

    #298192
    cassidystashcassidystash
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    I think you misinterpreted 64’s post.. I think (hope) he was referring to “selling” it as a venue for daily, weekly, monthly, one off events.

    1 user thanked author for this post.
    #298193
    cliffbyrnesrightpegCliff Byrne’s Right Peg
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    Registered On: October 17, 2015
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    Thanks for that.

    Reinforces the point that keeping a control of costs is absolutely vital. We cannot continue looking to sign players every time we have an injury.

    1 user thanked author for this post.
    #298194
    IronaweIronawe
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    Ah right, got it. Thanks

    #298195
    Facemanfaceman
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    Registered On: January 14, 2015
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    The 7 players being:- Fitzsimons, Whitehall, Roberts, Clunan, Denton, Evans, Koughan?

    #298196
    cassidystashcassidystash
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    Evans signed a new contract under current ownership so I suspect it might be Kelly.

    #298201
    WonderGoalsWonderGoals
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    Sounds about right. They were signed in Hilton’s era after all !

    #298205
    Rene ArtoisRene Artois
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    SOS
    Soccer On a Shoestring!

    #298230
    AwaywegoAwaywego
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    And just look who’ll we’ll be left with once they’ve gone. Michelle’s era signings Fishburn, Nicholson, Beck, Brogan, Carlton, Williams. and Rowley.
    Rowley being the only one who’s stepped up to the mark of late.

    #298231
    SideriteSiderite
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    Registered On: December 12, 2014
    Topics: 84

    I wonder if us fans would do better with myfootballclub to bring in signings. :-)

    #298294
    PaulSanfran49
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    Registered On: December 23, 2013
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    Looks like time to buy a few shares.

    Then into the shop and get some bits, it all adds up.

    #298301
    ironkingironking
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    Registered On: October 8, 2014
    Topics: 81

    Apparently the directors mentioned the ‘shop window’ being right and they were first and foremost fans.

    That tells me that AB was spoken to about the shit, negative, top heavy defence lack of any style football we were being subjected to.

    Thank F###.

    #298303
    Deereyme66Deereyme66
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    Not being funny, but I don’t see an ‘ergo’ in there.

    #298338
    hairlikecammackhairlikecammack
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    Didn’t Butler get the job on the back of cutting the playing and coaching budget to £1.1mm down from £1.7mm under Jimmy?

    in the accounts to 2023 there was a loss of nearly £700k. Crowd’s were up last year and the debt we were told was getting paid off. I don’t see how the directors have done this if we were losing money unless it’s shareholders putting capital in in return for shares.

    The 2024 accounts should be available soon so I will be able to see what happened last year.

    One thing is for sure , if the playing budget is £1.1mm and we are somehow spending £900k on other costs then we are not sustainable

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    #298339
    CMCCMC
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    Registered On: July 14, 2022
    Topics: 37

    Don’t be coming on here with cold hard facts HLC, a couple don’t like it!
    A £1.7m budget to fail to get promoted from the sixth tier. Wonder if Southern League budgets can be any bigger…

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    Xxx Xxx
    #298374
    CMCCMC
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    Registered On: July 14, 2022
    Topics: 37

    Minutes of follow up meeting now emailed to Trust Members. Good Read!

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