Sorry I dont understand this one, from what I see the following has happened of late and these are best guess?:-
Fund raising re floodlights-8k football foundation 8k Keds8k
So to me that appears to be a lot of money. With the money coming off the gold bond scheme and assuming that the floodlights have been paid for, the call for next years revenue is even more worrying. Frankly it means that every week, we spend more than we earn which means poverty.
Why would anyone with any sense let alone any money buy into a business which has no assets and appears to be losing money on the face of it?
Ain't got the time or the inclination to give a more realistic guestimate beyond
Keds was sold for 12K (a sell on which looks unlikely to materialise given his limited success at Grays). Fundraising for floodlights was greater than 8K Pre season friendlies must have raised circa £55K League gate money on todays average gate £5,300 per match Setanta and FACup prize money circa £7K Gate money from cup competitions Sponsorship monies Gold Bond income Cash from WSU Letting of PVR Bar takings + I'm sure income from other sources
Not quite the picture you are painting BKK
I'm told by Barrie that Neil has the same budget as Ade had which was reputed to be 4.5K pw so this year with sod all success in cup competitions there certainly isn't the amount of money there was last and previous years but what happened to the money from those years?
The attraction to a prospective purchaser is the fact that the club has been allowed to stagnate with little or no ambition and negligible commercial activity and thus it has very little commercial value but the potential with some investment certainly exists. The value, such as it is, is ever decreasing and I suspect that this is why the Hobbins can't afford to/won't sell up.
-- Edited by bruno at 18:05, 2007-12-26
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YOUTH are the future
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"The worst thing you can do is make a committment and not meet it and I understand that." Barrie Hobbins 14 August 2010
You have gone into more depth than I had but whichever way you cut it,you cannot run a business based on what you see in terms of revenue. A drop to a league below would mean less weekly income and therefore less likelyhood of a bounce back.
Personally I think Neil may have been given the Thurrock and Fisher games to turn it around. If he has not by then he could and should be on the end of a short plank
Income will be lower if we carry on as we no matter what League we are in.
Football is a business these days and has to be run as such and frankly in my opinion Welling don't seem to have a clue and in terms of their recruitment I believe that JgFc is right when he says they want a yes man who will not challenge them.
Our greatest opportunity to get back into the National would have been to have secured Ade's signature on a contract this time last year and given him a bit more to spend on players when we were in the playoffs - they didn't for reasons known only to themselves though I suspect Ade is glad they didn't as by all accounts he is doing well at Stoke.
There are clubs in lower divisions who put us to shame and the difference is the way they are run.
Investors not unnaturally want a say in how things are run but they are out there - for example Tonbridge Angels, a Ryman Premier side, got themselves a £100,000 investor this season and Gary Stevens put together a consortium to take over Tunbridge Wells, a Kent League side, though that ultimately went t**s up.
Focusing on purely on money is not in my opinion terribly helpful. In this day and age it is my opinion that clubs like us need to have a clear plan of youth development and pathway through a reserve set up to the first team for one or 2 players a year to survive and prosper. Just having a plan isn't the whole nine yards either as you need to have the right personnel to turn the words into achievement and there are a couple of clubs that I know of where the words are there but the rest isn't. In its heyday Welling United had this and the most telling comment made to me a couple of years ago was we've been there and got the T-shirts but we don't want the aggravation it brings any more - well if that is the case then that is the time that you get out/retire or see what you have built crumble as I'm afraid Barrie is currently experiencing though it wasn't him who said it.
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YOUTH are the future
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"The worst thing you can do is make a committment and not meet it and I understand that." Barrie Hobbins 14 August 2010
