afro
Youth Player
Posts: 68
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Post by afro on Apr 1, 2013 19:36:44 GMT 1
Some chatter on P&B about the club's financial situation (admittedly not from the most serious poster). Apparently last year's accounts will show another £200k loan to the directors - roughly £4k a week.
I'm not trying to incite hysteria about this, but there's no smoke without fire. I understand that a poor winter, coupled with abysmal crowds have meant that matchday income will have been a bit on the low side. Are further cuts on the way or will we be going part-time?
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Pedro
Administrator
Posts: 1,172 
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Post by Pedro on Apr 1, 2013 20:26:59 GMT 1
You mean a 200k loan from the directors?
If needs must then I dare say that further cuts and going part time will be on the agenda.
Although it must be noted that going part time isn't necessarily the money saver that some folk automatically think.
I hope the board will do what's necessary to keep the club striving to marry expenditure with income. Getting loans is fine in the short term but how long can that go on for?
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Post by Mango Fan on Apr 1, 2013 20:38:54 GMT 1
Aye, none of the Pars debt was owed to the bank & look what's happened to them. I am worried when the club owes money to anyone as they may decide one day at they want it back regardless of what they say today.
Do we really owe the directors 7 figures or is that no right?
We need the wealth of Scottish football shared better in any reconstruction.
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Post by livimoaner on Apr 1, 2013 20:53:32 GMT 1
In the not so distant past people said how we as a club have to find our own level.
The way Scottish football is organised it is proving difficult to find a level that can maintain a club.
The first divison is in effect two joined part and full time unevenly merged together.
The bottom five pt clubs bring with them a minimal support and the top five may bring more but have higher costs.
The ptoposed change will not cure this and i believe exagerate vurrent difficulties with seasons being finished after 22games.
This is why full sized top tier is vital. it will allow teams like us to enjoy a higher annual income to match our full time costs.
We also need to share income across all teams.
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