JGFC, the owners of Chelmsford City (i.e. 140+ fans including me and Peter Foster) are well aware of the financial situation and are comfortable with it as it stands. It's not perfect but we knew it would cost us a fair bit to get back into Chelmsford. Although our debt to individuals has gone up over £150k since 2007, this is to indivduals who do not want the money back and will be converting their debt into equity when the club changes constitution into a CIC. This was planned for losses which our board agreed to cover and was not due to wild speculation on cup runs, sponsorship/investment that wasn't forthcoming or bigger crowds than we expected to get. Since 2009, we have been actively reducing our outgoings so that we've reached the point that this season we are breaking even whilst paying down material debt (i.e. to individuals that want their money back, to the council, our brewrey loan and also a small bank loan and overdraft). Most importantly, we are up to date on all tax etc.

So yes, in the past few years we have spent more than the club generates in revenue but as I mentioned this was planned for. We have a large debt figure on paper but when the CIC goes through this will come down significantly and we will just be left with long term debts which we can currently afford to pay. We are lucky in that our recently departed commercial manager has left us in a position whereby we generate signifcant revenues from non footballing sources which allows us to be able to service all this debt and field a competative team (although its not been that competative lately!). We are in with as good a shout as most of making the play offs, and yet we have only had a budget of £160k this season (£4.1k over are 39 week season and that includes the money the club has to pay in NI). Our finances are not perfect, but the good thing is that we as owners/fans are fully aware of the situation and support the current board fully as they are well on top of everything. That said, it will give me a lot more comfort when the CIC does go through and the majority of our debt is off our books.

I'm very pleased that you guys appear to have come through the worst of your problems. The fact the transfer embargo has been lifted suggests a much rosier picture than only 3 months ago. I'm looking forward to tomorrow immensley as it is a must win for both sides. We both like to play good football and I can see their being plenty of goals in the game. We have some key injuries to some of our big players, but we will still have a competative team out there to give you a good game. We also have a much better keeper now so hopefully we won't be gifting you 3 points like last time (hopefully!) Remember its a 1pm kick off as well!

Kevin wrote:

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Dont call me Shirley, or Kevin for that matter, when quoting my comment its obvious it refers to me. Surely you can see that Peter, Peter, Peter.

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 OOOO!!!! I'm getting on your nerves a bit, aren't I, Kevin....

Kevin wrote:

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peter foster wrote:

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Kevin wrote:

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Dont call me Shirley, or Kevin for that matter, when quoting my comment its obvious it refers to me. Surely you can see that Peter, Peter, Peter.

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 OOOO!!!! I'm getting on your nerves a bit, aren't I, Kevin....

 

 

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 Not in the least Peter, just think you're an arse.

 

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I'm sure to lose a lot of sleep over that, Kevin....

No. I think I AM getting on your nerves, Kevin, hence your posts-

1.  Peter, for reference Peter, the constant naming of who you are addressing Peter, proves irritating Peter. Just in case you wondered Peter, this message is aimed at you .... Peter.

and

2. Dont call me Shirley, or Kevin for that matter, when quoting my comment its obvious it refers to me. Surely you can see that Peter, Peter, Peter.

and

3. Not in the least Peter, just think you're an arse.

Definite indications of irksomeness on your part there, shirley, Kevin....

Kevin wrote:

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haha, arse

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 http://www.youtube.com/watch?v=j9-fsnNW4Aw

Where do Chelmsford play again .... ?

(Thought I'd make my 50th post a memorable one .... but I'm still a post short of PF .... Jesus H)

Riscardo wrote:

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Where do Chelmsford play again .... ?

(Thought I'd make my 50th post a memorable one .... but I'm still a post short of PF .... Jesus H)

 

-- Edited by Riscardo on Friday 25th of March 2011 02:50:48 PM

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 But you can aspire, Riscardo....

peter foster wrote:

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Wingnut wrote:

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......."have you ever been to a football match............."

Oh yes Peter has been to PVR before and decided to stand right in the middle of the home supporters.

So not only an arse but an antagonistic arse at that.

 

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 If you recall, Wingnut, when I took up my position there was no one within 10 yards of me. But don't let the truth stand in the way of a good story, will you....

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 The truth being that you knew full well what was going to happen after that, and where the home fans were likely to stand.

Stop polluting our board.

Kevin wrote:

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peter foster wrote:

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Wingnut wrote:

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......."have you ever been to a football match............."

Oh yes Peter has been to PVR before and decided to stand right in the middle of the home supporters.

So not only an arse but an antagonistic arse at that.

 

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 If you recall, Wingnut, when I took up my position there was no one within 10 yards of me. But don't let the truth stand in the way of a good story, will you....

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 The truth being that you knew full well what was going to happen after that, and where the home fans were likely to stand.

Stop polluting our board.

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I knew no such thing, Kevin, not being blessed with the gift of clairvoyance. I assumed that having paid my admission I could stand wherever I chose on the terraces as is the case at most other grounds in my experience, including ours.

Stop polluting your board? Well, Kevin, it might help if you ceased posting in this string - a string I started. After all, the posting to which I am now responding is your 7th....

JgFc wrote:

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To be fair i did that at Tamworth and Burton... and Newport ... and Kettering and.....

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 And most away games this season with a machine gun on a tripod?

Aspire ... lol .... maybe my foot

ben281032 wrote:

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This thread has become akin to hearing two armchair Premier League fans participating in tabloid fuelled bickering.

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It reminds me more of Prime Ministers question time.

Well done to everyone that has fallen for that chelmsford supporting troll's comments! Just ignore him.

MarkX wrote:

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Yes he spent his time trying to work two ancient mobile phones and missed most of the game...a knob of the highest degree!!

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 Clearly you were watching me and likewise probably missed most of the game, MarkX....

stafford wrote:

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MarkX wrote:

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Yes he spent his time trying to work two ancient mobile phones and missed most of the game...a knob of the highest degree!!

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 Does that nearly make him a handle?

 

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 Whatever turns you on, stafford....

peter foster wrote:

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ben281032 wrote:

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This thread has become akin to hearing two armchair Premier League fans participating in tabloid fuelled bickering. It's boring now, stop it.

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So why respond, ben281032.... 

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