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Football Finance (Read 18,418 times)
Ronsdog
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Re: Football Finance
Reply #75 - 19th Nov, 2017 at 5:12pm
 
It appears that there is more to this story than has been reported.....the local councils involvement, re the relaying of the 4g pitch....is subject to to some speculation.

Merthyrs elected CEO, a paid post, recently resigned. His wage, paid by the club is now available to be transferred into the general fund. Where they go from here is unsure.

A report of yesterday's 13-1 defeat at Chesham and more background information.....https://rovingsheepblog.wordpress.com/2017/11/19/solidarity/

On a related note one of our own players who left the club in pre season departed after being offered 100 a month to re-sign. He was allegedly told that no travelling expenses would be forthcoming either.

As Blueblood has remarked, in the current financial climate, it is not an easy task to balance the books.

Outside of a few clubs, Billericay and Salford notably, who enjoy benefactors investment, most clubs at our level run at a loss.

Could it be that we as a club need to review our current Semi-pro status.

If as has been shown, not recently though I might add, that we have been spending more than 80% of income on wages; then even staying at this level could be a stretch let alone contemplating a possible promotion. 🤔
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« Last Edit: 19th Nov, 2017 at 10:47pm by Ronsdog »  

At best a pessimist is invariably proved correct, at worst he is pleasantly surprised...........😉
 
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peter
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Re: Football Finance
Reply #76 - 28th Dec, 2017 at 10:12pm
 
As somebody who has done it, ie balance the books by donating money to a club, I ask the question -why.

Even if the benefactors ambition is league two, like Fylde and Billericay, the costs and losses just get bigger. How many clubs, outside an elite few in the premiership, make money.

My situation was different. It was 500 for the electric bill, another few hundred for something else that ended up as a substntial sum. I would never have sat down and said league football by 2022 (fylde). I was glad to walk away and have turned down several approaches since. Id rather stick ten grand on a horse.
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Ronsdog
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Re: Football Finance
Reply #77 - 2nd Feb, 2018 at 5:23pm
 
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Re: Football Finance
Reply #78 - 24th Feb, 2018 at 6:59am
 
Dulwich Hamlet say:

BREAKING:

Rio Ferdinand has bid to save #DHFC rejected, Bar Money withheld, and Dulwich dumped with Meadow Tax Bill.

We were aware of Rios bid back in December, and were incredibly disappointed that it didnt seem to be taken seriously. We saw Legacy as the perfect fit.

Weve been working with a third party since the new year to try and broker a deal with Meadow to move the club out of this situation. Despite our best efforts, weve gotten nowhere.

This is why weve been silent on the issue, trying to work in good faith that a compromise can be found. Weve also been chatting regularly with Southwark

Peter John, and all at Southwark have been incredibly supportive and creative in their approach to try and safe guard the future of the club and keep us in East Dulwich.

We do not expect our license to be extended past the end of this season, so we are currently exploring ground share options both inside and outside the borough.

In the mean time, after we were told wed receive all bar profits from match days, weve been told we wont be getting a penny. (Est. 35-50K)

We feel that this decision has been made purely to make our lives difficult. We are surviving on gates and donations alone.

Not only this, but we have been dumped with a VAT bill from the time that Meadow ran the club finances. It is only this bill that is causing us financial problems at this time.

The VAT Bill due now is on our watch and would not be an issue if they had not withdrawn the bar profits.

We intend to see out the rest of our license at Champion Hill, and implore all DHFC fans to come and #FillTheHill for the remainder of the season

Only gate money and donations to the 12th man can keep us going, everything is up for sponsorship, and all help is greatly appreciated.

You can donate to @dhfc12 via paypal (DHFC12@hotmail.com) or via our Just Giving page.

https://www.justgiving.com/crowdfunding/savedulwichhamlet

Anything you can spare to get us past this bill could help save 125 years of history.

We will not let this club die without a fight, we need to stand together and make it known that we wont back down against a multi billion pound hedge fund and its property companies.

Dulwich Hamlet is nothing without the fans, we are a family and a community thats bigger than football. Its not over yet, the fight has just begun. Keep the faith, and Forward the Hamlet. #DHFC

http://www.independent.co.uk/sport/football/rio-ferdinand-save-dulwich-hamlet-10...
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