Andy Posted February 26, 2020 Report Share Posted February 26, 2020 Standing room only. 2 Quote Link to comment Share on other sites More sharing options...
Popular Post piffer Posted February 26, 2020 Popular Post Report Share Posted February 26, 2020 This will be a long one. First thing there was no mention of Angelo Alessio all night from board Fowler or shareholders. Finance: Loss of approx £157k to November 2019. Projecting we will have turned a profit by May 2020. Graeme Bryson is Company Secretary now. Club moved to modern accounting system which is apparently better for day to day management and accuracy. Wages up as turnover has also increased. Sixth highest wage bill in league. Hospitality income is up and all dealt with in house. Club have employed two chefs who deal with this and feeding the players day to day. Mobile ticket sales biggest portion of sales. Brownings the new sponsor. There will be , academy sponsor, a training sponsor and a KCST sponsor announced soon. No money mentioned for Taylor deal. Hummel Deal: three year deal. More flexibility than previous deal. Retail rights and control returning to club. Hummel giving money to refurb shop. All kits will be exact replicas. Stadium: Spent £1.2million on stadium this season to date. New Gym. Refurb hospitality. Next phase is memorial garden which will go where ticket office currently is. Plans in progress for training area. 2x7 aside pitches behind Moffat Stand. New club shop to go here as well as offices. We will be sticking with Astro pitch. It works for the club. Fowler Football Ops. Spent first few months reviewing what was already in place. Described his role(a slide which covered what he said in a previous interview). Spoke about targets of producing homegrown player, challenging for top six, be most successful provincial club. help club remain profitable by selling players, league placing and cup runs. He wanted more youngsters out on loan in January but a number refused to go. He’s added scouts and technology to assist staff. Keen to put more of both in place. Few deals fell through in January for various reasons. Dyer stopped some as he didn’t think the players would fit the club. Sending teams to the Milk Cup in 2020. Working to sign up out of contract players and new recruits. Woman’s team back in house with new manager and players. The new academy schools program is working well. There are interest from a number of clubs in some academy players. 150 review: Cathy covered events that had happened to mark the 150th. Loads of stuff listed. Some was piggybacked from the KFCSA or Trust. Other stuff would probably have happened anyway but put in this category to pad it out. A book due to be released soon and more commemorative strips. Dyer and Fowler Q&A: Kiltie working hard. He wasn’t promised a starting slot but chose to return. Keeps working he’ll get the starts. Unfortunate with teams then in form. Dom Thomas sent on loan as Dyer didn’t see him as an option. Wilson chose to go on loan. Was told there would be chances coming but wanted to play every week. Would be featuring regularly at the moment. Hendrie isn’t doing enough and hasn’t since he signed to challenge Niko. Dyer didn’t sound impressed. Liam Smith is still a Killie player at the moment. Not sure if he will be by the youth cup final but hope so. Had expected the deal to go through in January. Harry Bunn was off due to baby and has had injuries. He’s running again. Innes Cameron due to return to first team training tomorrow. Frizzell a long way off. Dev McKay an ongoing situations. Working with physios and trying to get him fit. 18 Quote Link to comment Share on other sites More sharing options...
Andy Posted February 26, 2020 Report Share Posted February 26, 2020 (edited) Very little to report, prob because it was a fairly professional, comprehensive, and positive update, from all who presented. Fow did football Phylis did financials Cathy did Trust/Fans still planning office block and pitches behind Moffat, shop will relocate here too. night ended with Q&A with Fow and Dyer but nothing really to report usual bloke there every year asking questions he is never going to get answers too about individual player ????? Edited February 26, 2020 by Andy -1 Quote Link to comment Share on other sites More sharing options...
kfc_superteam Posted February 26, 2020 Report Share Posted February 26, 2020 Did nobody ask about Alessio? 1 Quote Link to comment Share on other sites More sharing options...
piffer Posted February 26, 2020 Report Share Posted February 26, 2020 It was a strange night. I thought the board would get a bit of stick but nothing really. No mention of Angelo at all. Still not sure what we got for Taylor but I’m not sure it’s close to the club record we hoped. We have apparently got the sixth highest wage budget in the division. Given the squad size I took that as we are paying too much for some who aren’t contributing. Plenty happening and loads of positives. 150th was a bit of a disaster IMO and Cathy tried to put a gloss on it. We seem in a decent financial footing and looking forward rather than back. I thought Fowler spoke well. To me it sounded like we had nothing in key areas when he joined and he’s working to put that right. Brought in some scouting staff and introduced technology to help in different areas including recruitment, training and recovery. He sounded positive and passionate about it. He touched on the window and wasn’t happy with it. Deals fell through and Dyer halted a couple. IMO Dyer will be our manager next season. I’m not sure that’s the right move but he appears to have a good working relationship with Fowler and the board. It’s imperative that we get him or anyone else the proper support though. When asked about Hendrie Dyer didn’t miss. I suspect if St Clair has been brought up the answer would have been very similar It sounds very much like the focus is shifting back to youth development. Loads of talk about pathways and getting player coming through the ranks to support the first team. What was heartening was that Fowler mentioned our responsibility to players and helping them if they were leaving us. 0 Quote Link to comment Share on other sites More sharing options...
Bbk Posted February 26, 2020 Report Share Posted February 26, 2020 8 minutes ago, kfc_superteam said: Did nobody ask about Alessio? His name was not mentioned all night. 0 Quote Link to comment Share on other sites More sharing options...
mitch14 Posted February 26, 2020 Report Share Posted February 26, 2020 Interesting on Hendrie and Thomas. Dyer sounds decisive on that. Wilson is odd - but if respecting his wishes keeps him at the club long term that could be a wise move? 0 Quote Link to comment Share on other sites More sharing options...
historyman Posted February 26, 2020 Report Share Posted February 26, 2020 9 minutes ago, piffer said: We have apparently got the sixth highest wage budget in the division. Given the squad size I took that as we are paying too much for some who aren’t contributing This sticks out for me. We have such a small squad there must be a few on good money relatively speaking who aren’t deserving of it. One of these could be Hendrie. If he isn’t knocking on the door to get a start there is something far wrong. No matter how badly Niko plays (and he’s had some really poor games recently) he will keep his place. 0 Quote Link to comment Share on other sites More sharing options...
Riccarton Bluebell Posted February 26, 2020 Report Share Posted February 26, 2020 £1.2 million seems way over the top for refurbishing existing buildings. A new build could be done for a lot less. I certainly do not see value there. Do those figures perhaps include the work done at the hotel? 0 Quote Link to comment Share on other sites More sharing options...
Bonbon19 Posted February 26, 2020 Report Share Posted February 26, 2020 Don’t know about anyone else but AD didn’t fill me with any confidence tonight. JF however spoke well and looked like he knew what he was talking about . -1 Quote Link to comment Share on other sites More sharing options...
historyman Posted February 26, 2020 Report Share Posted February 26, 2020 12 minutes ago, Bbk said: His name was not mentioned all night. Well I don’t think that’s right. How could a board presenting a review of the business fail to pass comment on the single most important recent event that has impacted the business? 5 Quote Link to comment Share on other sites More sharing options...
Dieter's Heeder Posted February 26, 2020 Report Share Posted February 26, 2020 A 157k loss in the period where we've sold Taylor to celtic either means he went for peanuts or the core of our squad are on VERY high wages? 0 Quote Link to comment Share on other sites More sharing options...
piffer Posted February 26, 2020 Report Share Posted February 26, 2020 2 minutes ago, historyman said: Well I don’t think that’s right. How could a board presenting a review of the business fail to pass comment on the single most important recent event that has impacted the business? They didn’t mention it at all. I thought it was guaranteed to be brought up in the Q&A sections but nothing. Wasn’t mentioned in either part with Fowler either. 0 Quote Link to comment Share on other sites More sharing options...
Scouser2 Posted February 26, 2020 Report Share Posted February 26, 2020 Still find it surprising re the player budget statement considering the players who left last summer , the reduced squad and number of loan players in that squad.......unless the high finish last season triggered some hefty increases in salaries or bonus payments 0 Quote Link to comment Share on other sites More sharing options...
Wee_Eck1979 Posted February 26, 2020 Report Share Posted February 26, 2020 Did St Johnstone not release a statement in the last few days claiming to have the 6th highest wage bill? No way with our depleted squad are we the 6th highest in the league. 1 Quote Link to comment Share on other sites More sharing options...
GCM Posted February 26, 2020 Report Share Posted February 26, 2020 Fairly sure they said that the 1.2million included the pitch. Billy Bowie also stated that plastic pitch would remain it suited the club. 1 Quote Link to comment Share on other sites More sharing options...
Beaker71 Posted February 26, 2020 Report Share Posted February 26, 2020 5 minutes ago, Dieter's Heeder said: A 157k loss in the period where we've sold Taylor to celtic either means he went for peanuts or the core of our squad are on VERY high wages? Nah, the Taylor fee will.be in instalments and in next years accounting period. This has happened before, with Naismiths fee. 0 Quote Link to comment Share on other sites More sharing options...
skygod Posted February 26, 2020 Report Share Posted February 26, 2020 (edited) We made a loss of £157k in the six months to November? Did we pay Celtic to take Taylor off our hands? Even if paid in instalments, which it would be, surely we got a sizeable instalment up front? This period would also have included the SPFL payout and SFA comp for SC. Maybe UEFA money too. Edited February 26, 2020 by skygod 2 Quote Link to comment Share on other sites More sharing options...
piffer Posted February 26, 2020 Report Share Posted February 26, 2020 1 minute ago, Beaker71 said: Nah, the Taylor fee will.be in instalments and in next years accounting period. This has happened before, with Naismiths fee. The £157k loss was for the period May to November 2019. 0 Quote Link to comment Share on other sites More sharing options...
Dieter's Heeder Posted February 26, 2020 Report Share Posted February 26, 2020 3 minutes ago, Beaker71 said: Nah, the Taylor fee will.be in instalments and in next years accounting period. This has happened before, with Naismiths fee. Unless the first installment was merely a couple of quid, such a loss in that time period is a tad concerning. 0 Quote Link to comment Share on other sites More sharing options...
Dieter's Heeder Posted February 26, 2020 Report Share Posted February 26, 2020 4 minutes ago, skygod said: We made a loss of £157k in the six months to November? Did we pay Celtic to take Taylor off our hands? Even if paid in instalments, which it would be, surely we got a sizeable instalment up front? This period would also have included the SPFL payout and SFA comp for SC. Maybe UEFA money too. Exactly. I'd hate to see how much off a loss we're running at without these factored in. 0 Quote Link to comment Share on other sites More sharing options...
CYRILLRIP Posted February 26, 2020 Report Share Posted February 26, 2020 10 minutes ago, Scouser2 said: Still find it surprising re the player budget statement considering the players who left last summer , the reduced squad and number of loan players in that squad.......unless the high finish last season triggered some hefty increases in salaries or bonus payments When that slide went up Phyllis’s words were that it was something she came across on the internet and thought it would be interesting to share. I think it was about a few months ago and picked up by the media then, but it’s not something the club have put together themselves. 0 Quote Link to comment Share on other sites More sharing options...
CBFC Posted February 26, 2020 Report Share Posted February 26, 2020 9 minutes ago, skygod said: We made a loss of £157k in the six months to November? Did we pay Celtic to take Taylor off our hands? Even if paid in instalments, which it would be, surely we got a sizeable instalment up front? This period would also have included the SPFL payout and SFA comp for SC. Maybe UEFA money too. I am no accountant, buy maybe it is the case that income and expenditure is apportioned on a 12 month basis with, as Phyllis alluded to, our income is more after the turn of the year than before it, and our expenditure less. I am guessing that maintenance costs are higher during the close season when work is done that cannot be done during the season accounting for higher expenditure in the first 6 months of the Financial year. However, I could be way off the mark here. She did say that we are on target to make a profit again this financial year. 0 Quote Link to comment Share on other sites More sharing options...
Pelesboots Posted February 26, 2020 Author Report Share Posted February 26, 2020 (edited) 47 minutes ago, Scouser2 said: Still find it surprising re the player budget statement considering the players who left last summer , the reduced squad and number of loan players in that squad.......unless the high finish last season triggered some hefty increases in salaries or bonus payments I'm quite sure this was the chart she used covering 'Average annual first team player salary in the SPFL in 2019/20' - Edited February 26, 2020 by Pelesboots 0 Quote Link to comment Share on other sites More sharing options...
jesper Posted February 26, 2020 Report Share Posted February 26, 2020 (edited) 53 minutes ago, Beaker71 said: Nah, the Taylor fee will.be in instalments and in next years accounting period. This has happened before, with Naismiths fee. Maybe partially true. Cash received doesn't always equal revenue recognition.... Sale proceeds need to be recognised as and when the transfer is agreed - so Taylor's transfer fee received should be included in the 6 month-to-date figure shown tonight (as he signed in Sep 19, after May 19 YE). I'd hope that the majority of the fee was agreed as an upfront payment, so we'd have to recognise/report that in Sep. But we may also have an element of deferred income yet to be received, depending on whatever performance/games/caps clauses were agreed. This would only be released to the P&L when received as it's not certain we'll get it - clubs get creative when players get close to making these milestones and potentially costing them more money. Tl;dr - upfront fees will be in the 6 months to date figs. Add-ons most likely won't. Edited February 26, 2020 by jesper Clarity 0 Quote Link to comment Share on other sites More sharing options...
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