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Discussion Thread

Budget proposed for next season

1. 

   doheochai Member
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   Just to let people know that the MyFC Finance Working Group has published it's proposed budget for the coming season.

   Given the existing level of monthly losses it was inevitable that major cutbacks are proposed - including a major reduction in the playing budget.

   The propsoed budget is designed to balance the books this season and thereby ensure funds from MyFC can actually be used to increase the playing budget in subsequent seasons - rather than consistantly trying to play catch-up with the bills.

   The club directors and the Society Board have indicated support for the proposed budget and, after discussion, the members of MyFc will vote on the implementation of the budget for the coming season.

   Posted 1 year ago #
2. 

   Trystero Member
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   Further to Dom's post. The proposed playing budget is set at roughly half the value of this current season, but is anticipated to be very much worst case. It is hoped that it can be topped up by successes in the FOTF scheme and other non-budgeted fundraising. It is also worth noting that the budget is based upon a modest matchday attendance figure, so increased attendance could also generate extra funds.

   Although this proves that money is tight, it is actually reassuring to know that we can survive (...well for another season at least!)

   Posted 1 year ago #
3. 

   Turbo Member
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   Those supporters who cannot read the MYFC forum the coaching budget is also set to a level that could maintain the current set up, if they want to stay and work within a sustainable budget.

   Posted 1 year ago #
4. 

   WebEd Key Master
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   This is subject to MyFC providing £100,000 (as well as £40k still owed for the purchase of the club) after December when the club's self-sustaining budget (season tickets, sponsorship, etc) will run out - but 5,000 renewals over the course of the season would be in the region of £140k.

   That's as I understand it, but I am utterly remedial when it comes to budgets and figures, so I'm sure someone better armed with a brain might be able to interpret this properly!

   Posted 1 year ago #
5. 

   Graham S Member
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   Have just been reading through the stuff on MyFC. 2 things immediately hit me:

   1. It is really clearly presented. I'm verging towards SEN status on financial matters, but could understand it without problem ... even though well into my 3rd pint of very fine American Pale Ale in The Rum Puncheon.

   2. If this had been done 12 months ago, we wouldn't have wasted the Wembley fallout.

   Posted 1 year ago #
6. 

   doheochai Member
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   The proposed playing budget is set at roughly half the value of this current season,

   It is actually a bit less - last season was a net figure (excluding bonuses and NI) - the budget figure is a gross figure (including bonuses and NI)

   It is hoped that it can be topped up by successes in the FOTF scheme and other non-budgeted fundraising.

   If we get our act together the potential does exist to increase the playing budget (other things that would help would be cup prize money)

   It is also worth noting that the budget is based upon a modest matchday attendance figure, so increased attendance could also generate extra funds.

   This is accurate - but I do think it was prudent to be cautious given the current economic climate and the decision to increase match ticket prices.

   Although this proves that money is tight, it is actually reassuring to know that we can survive (...well for another season at least!)

   If we can run a tight ship next season (and probably the following season) and (very important) maintain MyFC membership levels we will be able to significantly increase the MyFC contribution in subsequent seasons

   This is subject to MyFC providing £100,000 (as well as £40k still owed for the purchase of the club) after December when the club's self-sustaining budget (season tickets, sponsorship, etc) will run out - but 5,000 renewals over the course of the season would be in the region of £140k.
   That's as I understand it, but I am utterly remedial when it comes to budgets and figures, so I'm sure someone better armed with a brain might be able to interpret this properly!

   The problem arises because the MyFC money is constantly being used to pay outstanding bills - part of the objective of this budget is to create a situation in the future to allow MyFC to have the money readily on hand to guarantee proper budgetting and cashflow for the club. The intention is to try and have a situation whereby MyFC will be in a position to guarantee something like £250,000 each season. It will probably take a couple of seasons to clear the bills to be in that situation.

   2. If this had been done 12 months ago, we wouldn't have wasted the Wembley fallout.

   Or the money from Akinde's tansfer.

   Posted 1 year ago #
7. 

   JimGNFC Member
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   Give or take a few quid. . . the proposed playing budget will be 5K a week then it would seem. This raises a number of questions:

   1) With MYFC servicing outstanding bills, will it be contributuing to this playing budget *when* possible?

   2) Or is the 5K a week based solely on money raised through the Football Club such as attendances, sponsorship, season tickets etc. If this is the case, the Club will effectively need to be self-financing.

   3) Does the 5K a week include money being contributed from the Friends of the Fleet scheme and other fundraising activities? Or will this money act as a "top up", over and above the 5K budget?

   Posted 1 year ago #
8. 

   doheochai Member
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   1) With MYFC servicing outstanding bills, will it be contributuing to this playing budget *when* possible?

   Yes - Once a decision has been made on the budget MyFC members will begin discussing ways of increasing it's income. If/when money becomes available the membership will vote on its allocation.

   2) Or is the 5K a week based solely on money raised through the Football Club such as attendances, sponsorship, season tickets etc. If this is the case, the Club will effectively need to be self-financing.

   No - The budget includes a contribution of £100,000 from MyFC next season. Most of the money raised from the February renewals has been spent on this seasons bill. The £100,000 is a conservative figure as it takes a conservative view of the rate of renewals and membership sign-ups.

   3) Does the 5K a week include money being contributed from the Friends of the Fleet scheme and other fundraising activities? Or will this money act as a "top up", over and above the 5K budget?

   The budget includes all monies from FOTF scheme already committed (currently £2,500 per month). It was felt prudent not to forecast any potential extra money from this source - so any further money generated by FOTF could be put to increasing the playing budget. Fund-raising from other sources (e.g. 50-50) is also included at last years figures. Any further funds raised outside of noraml existing activity could also be used to increase the playing budget.

   Posted 1 year ago #
9. 

   fleet fan jamie Member
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   i hate to say it but i can realy see us going down next season or the season after, with the player budgets being ruduced, along wiht the attendances dropping due to over charging

   Posted 1 year ago #
10. 

    jc Member
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    even though well into my 3rd pint of very fine American Pale Ale in The Rum Puncheon.

    'Twas tasting good this week in The Crown And Thistle too, I can confirm - although I don't know if it was just the name that made me imagine a slight burger-like smell to it...

    Posted 1 year ago #
11. 

    Blinkjim Member
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    Those supporters who cannot read the MYFC forum the coaching budget is also set to a level that could maintain the current set up, if they want to stay and work within a sustainable budget.

    So Daish and Kimble are still on the same wages as before?

    i hate to say it but i can realy see us going down next season or the season after, with the player budgets being ruduced, along wiht the attendances dropping due to over charging

    At the end of the day this is what we have to do if we are going to survive as a club, the price hike is naff though. I think the only price hike should be in the Myfc fee. The speculation now comes down to whos on the way out to bring the budget in line, and can we replace with cheaper versions. I reckon Hawkins, Purcell, Judge can all go for a start, then offer the core player new and reduced contracts. If they don't except then they ar free to leave. I know ths maybe harsh on some player but i feel it is neccessary.

    The rebuilding of the squad over the summer will be intresting/worrying, but as Bernard keeps reminding me... The panic about players for next season always starts about now.

    Posted 1 year ago #
12. 

    doheochai Member
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    So Daish and Kimble are still on the same wages as before?

    There has been a significant cut in the budget to pay for coaching staff. Individual contracts are not outlined and it is the job if the Board to negotiate new contracts with the coaching staff (something that is already underway).

    At the end of the day this is what we have to do if we are going to survive as a club, the price hike is naff though.

    I agree (voted agains the price rise) and I wouldn't be surprised if this isn't looked at again.

    I think the only price hike should be in the Myfc fee.

    Something that is also being discussed - however it is important to find a balance between what the membership should be and how many members might be lost with an increase. There is also the issue of the 'operator' fee. I would prefer that all of any increase would go to the club - not a slice going to the 'operator'.

    The rebuilding of the squad over the summer will be intresting/worrying, but as Bernard keeps reminding me... The panic about players for next season always starts about now.

    I would be surprised if every club was not cutting back on their playing budget - Unfortunately the current economic climate will see a significant fall in wages for footballers at this level (It's a pity it wouldn't happen in the premiership as well). Next season will be very difficult - but for most clubs - not just ours.

    Posted 1 year ago #
13. 

    Riverview Supporter Member
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    No one knows what will happen. My feeling is that a lot of clubs further up the pyramid will cut their squad sizes.

    This will make players look further down the leagues or spend a season living a nomadic lifestyle from club to club on week by week contracts.

    My feeling is that we will end up with a two tier league with those with money occupying the top 6 slots all season and the rest battling it out for survival.

    There will be some good quality players forced to drop to our league and they could be had for a reasonable wage to those with money.

    Posted 1 year ago #
14. 

    rsheard Member
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    dom, posting this here because you're likely to see it. What is the current membership now, 9500? I can no longer find the stats page on the MyFC site. I liked that page as a real barometer of the numbers.

    Posted 1 year ago #
15. 

    V Member
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    I can no longer find the stats page on the MyFC site.
    

    Dashboard then Stats. http://members.myfootballclub.co.uk/stats

    Current membership 9,559.

    Posted 1 year ago #
16. 

    rsheard Member
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    cheers, V. Glad it's still there, even if I couldn't locate it.

    Posted 1 year ago #
17. 

    rsheard Member
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    V, question. How did you calculate 9,559? Is that years paid or actual members?

    If one totals the members by country, it only equals 9,160. Just curious.

    Posted 1 year ago #
18. 

    roca Member
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    'Cold hard stats and more' at the society forum is a member counter by NimbyDagba...
    The number V gave is actual members.

    Posted 1 year ago #
19. 

    PatMan Member
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    'Cold hard stats and more' at the society forum is a member counter by NimbyDagba...
    The number V gave is actual members.

    RSheard wrote >"If one totals the members by country, it only equals 9,160. Just curious."

    So then - why is the number so very different?

    Posted 1 year ago #
20. 

    roca Member
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    Don't know where that comes from.
    I do know i ran into several members without a country mentioned.
    How many are missing from the stats i can't tell...

    Posted 1 year ago #
21. 

    Hempstead Gaz Moderator
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    I suppose it could be that some members bought more than 1 share.
    Uncle Urch apparently did boast about buying 20 shares, but would YOU believe a double glazing salesman?

    Posted 1 year ago #
22. 

    alter Member
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    11-5-09 10:00

    Recurring Payment 543
    1 7679
    2 1083
    3 116
    4+ 53
    9474

    The number of members according to MyFC. The country, age stats have never added up. I presume if it wasn't entered on a profile, it doesn't count it. I've never been comfortable with these numbers, but lacking anything else this is what is provided.

    Posted 1 year ago #
23. 

    Anonymous Unregistered
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    but would YOU believe a double glazing salesman?

    Coughs*Failed double glazing salesman*Coughs.

    Posted 1 year ago #
24. 

    Hempstead Gaz Moderator
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    He, he, he.
    I was also wondering how many FreeMyfc members are still members of MYFC. It would be really disingenuous of them to still be fighting the fight when their membership expired.
    By the same token, I wonder how many ex myfc members have become "regular" Fleet supporters.

    Posted 1 year ago #
25. 

    Anonymous Unregistered
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    By the same token, I wonder how many EUFC forum members are registered on freemyfc just so they can read some sense, Capstone Andy?

    I'm still a paid-up MyFC member, BTW.

    (oh, and as of today, number of current MyFC members is 9,474)

    Posted 1 year ago #
26. 

    Richard C Member
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    Jees - people just give the f*** up now and stop ruining my club

    Posted 1 year ago #
27. 

    Anonymous Unregistered
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    Please don't be so melodramatic Richard C, long-term banned members of MyFC play no part in affecting anything at the club apart from the fact that some are still donating money to the Fleet, which I assume everyone would be pleased about.

    Posted 1 year ago #
28. 

    Jeff Member
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    Thanks for the money, now.... :-)

    I don't think that Richard is being over the top in his concerns Sal. I may be wrong here but I don't think that Richard is a MyFC member and therefore, reading all that has been posted in the last 24 hours muct be hard going for some.

    Posted 1 year ago #
29. 

    Anonymous Unregistered
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    Yes I expect it is, fair dos. We are all hardened to it I suppose.

    Posted 1 year ago #
30. 

    DA11 Member
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    We are all hardened

    Yes. On my own as well

    Posted 1 year ago #

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