Transfer Rumour thread

I feel the same way when it comes to paying my own bills.

Why pay them? What's the worst that could happen?

 

Maybe Bradford City isn't the team for you mate .

 

Some great points, from my point of view i've been asking myself where i see this club for the next generation of Bradfordians coming through. In my time watching i've seen the squads of 84, 87, 98 and Parkinsons successful period. Difference now is football is changing and the game is getting bigger and disproportionate at the top. The gap between the two top divisions will be almost insurmountable and i question the long term future of a club. I suppose i'm in the category of fan who wants to see us challenging for the championship and making a go of it while there. Your last sentence is very telling, its that 'just happy to have a club to support' theory. I don't want my club to be like that in all honesty.

 

Realistically, what do you think our crowds would be if we had season tickets priced inline with fellow div one clubs? It’s not a challenge, it’s a question?
There’s those who support through thick and thin no matter what, and there’s those who are on the verge of giving up, but attend cos it’s cheap.

Totally with you that if we want to attract players to get us out of this league, then we need wage/transfer money from somewhere.

Would the potential loss of X supporters, balance out with an increase in ticket prices? In which case it’s just a viscous circle.

The only way to make money, is by not losing supporters with a price increase. But those supporters would probably only fork out if the results on the field paid dividend.

Argh. I’m beginning to think I’d also go mad if I was a football chairman

 

Up to a point you are right clubs do run at loss especially in our league but a £2m overspend by the incompetence of edin which now needs to be rectified is alot more than the average loss which could have a knock on effect if we go down.

 

Personally think if we were paying £300 a ST we would get around 8k wages up north aren't great and bradford itself isn't a thriving city. But with that drop you would also lose out of match day sales so we would be worse off financial. Speaking from a buisness point of view I thought the last season price was about right. This might not have suited everyone (i wouldnt have used it) and dont if it would have been possible but the club could have kept ST the same with one free checkatrade group game as small incentive nevertheless.

 

Different debt.

Learn about business mate. In business they is good debt believe it or not.

 

Guess work as it would probably depend how competitive we were in each division as well, just guess work but I’d say:
League 2: 6,000
League 1: 9,000
Championship: 14,000
Premier League: 21,000(sell out)

 

Good tip mate.

Depends on the type of debt though and whether its underwritten, n'est pa?

Our debt is based on liabilities that exceed our income. We have wages to pay without enough money in the bank. And it may have escaped you fordy, but we've been through more than one administration so we're not likely to be very credit worthy. You think some of the top tier banks will give us 7 figure overdrafts with competitive interest rates? Do we have reason to think our longer term revenue streams will offset that lending risk? Do we have valuable assets against which that debt can be secured?

Educate me.

 

Correct. debt isnt bad. Debt is bad when you can't pay it off. In times of rteally low interest rates I would be expecting clubs businesses to take advantage and to invest (but only if they can pay off over time)

 

Exactly. The world works on debt, its how you plan to play it back. Most club never do, they either go tits up or just carry on paying the debt over a very long period of time.

 

As I say most football clubs run at an operating loss. Most football owners don't come in to make a profit it's to get capital, increase their portfolio and benefit their other businesses.

2m is nothing!

Wigan ran at a 7m loss last year and got promoted, still spending and will more than likely stay in the Championship.

Football is simple- higher up the leagues you go the more money you can generate. Bigger Tv deals, dealer Sponsorship deals, more on season tickets and gate money.

Bradford City's problem is simple we're wasting money on wages and have no assets.

Hopkin is killing the club at the minute. Wants rid of players like Wright, Riley etc but not playing them or having them in the squad meaning that if clubs were interested then we will more than likely have to pick up most of the the wages plus playing god awful football at home.

Then getting players that are not 1st teamers like Anderson. We have about 6/7 players just collecting a wage for nothing(Devine etc)

Then season ticket prices dropping won't help matters but that price is with the club hoping 13k fans commit to watch Div 2 football if we go down because of the time frame for renewal.

Our owner has said he will cover the 2m which is great but the debt isn't our problem it's the lack of assets, wasting wages, not able to attract decent players.

Edin was right about one thing we had to increase our wage bill but issue is he brought in shi@e and has had 2 rubbish managers to manage them.

 

So we're fckd. That's no way to run a business if you discount to a level where you end up in stagnation. Will be interesting to see how much increase there is on sales this year compared to last year - if any at all.

 

Hopkin killing the club by not playing Wright and Riley, just about the biggest load of nonsense I’ve heard on here and that’s some achievement.

 

If we run at a 7million loss, how we do sustain that?

 

By getting promoted that's what Wigan did.

 

Read it again!

Hopkin is killing the club by wasting wages on by shi@e like Anderson and Clarke

Not playing or having Wright etc in the squad is devaluing them even further

 

Spending money equals instant success?

Bury ran at a massive loss last season and got relegated.

 

According to the financial wizard @Fordy117 we don’t, we just keep it. Not sure the lender would be happy not being paid though.

Then he talks about good and bad debt which I am not sure he quite understands; good debt is when you can pay it and bad debt is when you can’t.

Unfortunately I don’t have Fordy’s wizardry with finance, but I would be happy to borrow money for a purpose ie push for promotion, but I most certainly would want some way of paying that back even if we didn’t go up.

The £2 million we have now from what I can gather is Rahic going on a unsustainable spending spree with no knowledge of who was going to pay for it, plus instead of buying Rolex watches, he managed to buy a lot more from the guy selling on the street corner, you know the ones they look like the real deal, but then things start dropping off, and fundamentally can’t keep good time. Now that my friend is very bad debt which ever you look at, we don’t have what we need and we now have to pay it back leaving us in a very vulnerable position. I have no idea why he ended up going over budget, he either can’t add up or didn’t give one!! No wonder we went through three or four accountants who obviously could add up, so shoot the accountants and bring in your wife!!!