CCM to post a profit

[Paolo]

SM: “It is with tremendous pride that I can announce that CCM will post a profit in our @ALeague 2015/16 season.” https://t.co/UljybyUxFx

Im sure the windfalls from the sell on clauses in Ryan's and Sainbury's transfers are to thank.

 

[Blackadder]

Maybe it can be re-invested in the team.

 

[dibo]

Huge surprise, and I have no doubt that Ryan's and Sainsbury's moves plus the Caceres fee are the drivers.

A really simple rule of thumb is to not put windfall gains into recurrent expenditure. Lots and lots of bankruptcies and insolvencies have come about through forgetting that rule.

I'd rather collect a spoon and post a profit this year and be here in ten years time than finish probably mid-table, lose a packet and go bust.

 

[FFC Mariner]

I can see why this is great news for the owner but running stone motherless last and pocketing a profit isn't really a great outcome.

Sponsorship is harder
Memberships fall
Attendances overall fall
Merchandise sales fall

Downward spiral you can only fix by investing

 

[BrisRecky]

this is what happens when you spend fourpence halfpenny on cattle.....geez I'm a cynic sometimes

 

[Rowdy]

What's that little saying,
"that sometimes you have to spend a dollar to make two more"

Its time to spend a few dollars more than what we have been.

 

[Ancient Mariner]

I can see why this is great news for the owner but running stone motherless last and pocketing a profit isn't really a great outcome.

Sponsorship is harder
Memberships fall
Attendances overall fall
Merchandise sales fall

Downward spiral you can only fix by investing

I don't think there is talk of anybody pocketing a profit.

What I here is talk of making the club self sustaining.

I also understand that MC is open to anyone else who would like to help by investing.

Why don't you give him a call?

 

[true believer]

There are plenty of british clubs lying in ruin . Just ask leeds , rangers , portsmouth. Etc .
While some off these clubs may return .
If we go bankrupt ! We die !

 

[FFC Mariner]

I don't think there is talk of anybody pocketing a profit.

What I here is talk of making the club self sustaining.

I also understand that MC is open to anyone else who would like to help by investing.

Why don't you give him a call?

I'll match you $ for $ where do you want to start.

Think big

 

[true believer]

Are we measuring willie's now ?

 

[FFC Mariner]

I hope not average is ok right?

 

[midfielder]

To quote or more para phase another famous quote .... Just maybe consider ...

This is the season we had to have.

Hand on heart not the other thing after listening to the MC podcast I finally understood what his plan was and how dysfunctional the club had become.

To a large extend this was caused by very poor management choices made by MC on his taking over the club.

I find it very hard to take we have the spoon and we have lost some key players a couple who tried their backside off when they played..

I also read Rowdy's post where he said on the current squad we spend maybe 1.8 million + LC.

TW for me has shown he is out of his depth in many ways however having said that he has also achieved a lot and his key skill is player recruitment his record over the years is arguably the best in Hals history. Meaning I don't want to loose him... also he has proven by past performance he can deliver to the first team juniors ready to play.

For me we need to invest the profit wisely [OK who would not agree] the "wisely part" is beyond I dare say beyond everyone on this forum.

What I can say is when MC took over the club was near broke and the COE had essentially stopped... today we have a core group of young players phase 2 of the COE is finished...

MC said in his podcast when we look back in five years over the next two years and see where the club is at that point in time we will think what we did was both necessary and a blimp.

For me we still have a club and I honestly believe MC wants us to both succeed and survive.

My hope is MC and his current management team will be wisely.

 

[Gratis]

Now we're in the black and not the red the chance of investors buying in goes considerably up

This great news. It means the pain was worth it. Now we focus on improving the finances even more and using the money to build up the playing roster.

These things take time, hard work and even harder decisions to get to. I'm just pleased the club had the cahoonas to make those decisions rather than try to stay popular with everyone and lose the club altogether.

Onwards and upwards!

 

[true believer]

I hope not average is ok right?

As a wise man once said " there's only two kinds ,big ones and whoppers" .

 

[Big Al]

All depends what sort of profit it is.

If it is just from sell on fees then they are one off items and we go straight back into the black next year.

Needs to be a sustainable profit before we start spending and even then could you argue against MC taking any profits for himself after the outlays?

 

[FFC Mariner]

If this is the wrong thread or deserves it's own, mods feel free to move it.

I remember Shaun saying that one of the things they were eyeing off was giving the community the ability to buy in.

Personally, I find the idea of calling my season pass a membership misleading. It doesn't make me a member of anything. It's a convenient and cheap way to see my team play.

I think one of the marketing struggles the club has is trying to convince me of the extra special treatment I get as a "member" I don't and I'm ok with that. I save money and don't have to bugger about on matchday.

Price up the football club and let me decide to buy into that and I'm a shareholder and while it's probably the worst investment I will ever make, I'm an owner and that's a proper membership

 

[nebakke]

All depends what sort of profit it is.

If it is just from sell on fees then they are one off items and we go straight back into the black next year.

Needs to be a sustainable profit before we start spending and even then could you argue against MC taking any profits for himself after the outlays?

For mine at least - the big thing is that they have been saying that they were on-track to break-even this season or next season (can't remember which now)... I take that to mean that they have a view on how to proceed beyond the break-even point... You would expect that to include continuous profit and improving performance, which also means that it can't all be based on player sales - although it's not unreasonable to run on some sort of estimates for that.
That being the case, I would assume that the unexpected windfalls might mean that we can push the future plan up a bit, although you'd still expect them to approach next season with a little bit of caution I'd think/hope

 

[dibo]

One of the big problems with the club has been the smell of death about the place. Stories about unpaid bills, big losses, taking games away to make money; they all lead to people wondering how long the club has left.

That will be incredibly damaging to commercial prospects, not to mention incredibly damaging to our chances of attracting players and coaches of a good standard - even forcing us to pay over the odds because players and coaches perceive a risk in signing with us.

It's worth noting that MC actually kicked along some of this talk - partly because it was true, but partly also to try to exercise some leverage over Gosford City Council on the stadium deal and over the fans to get us to accept that taking games away is a good idea.

It also scares off potential investors and even potential fans. Why get financially or emotionally invested in a side that's going to go tits up?

The simple fact that we've turned a profit doesn't mean we've entirely turned the corner, but it signals a change in the conversation.

I'd like to know what the underlying result is - if we're closing the gap before windfalls then we'll be able to project a little bit of strength instead of crying poor all the time. If this is a straight up profit with windfalls additional then we're laughing.

But for this year, there's some context as well. We've apparently barely scraped over the salary floor, and chunks of that are committed to players who aren't even in our squad anymore. From the reported salary cap spend vs the amount Rowdy said was the value of available players, we've got ~$500k tied up.

Assuming the out-of-squad spend ends this year, we're going to have more money invested directly in the squad next year (by necessity - we have to hit the floor at least!) but without impacting the bottom line.

If underlying it all, we're actually stronger financially, then the way is open to spend more still. It might be that we can commit an additional $300k, for a net increase of $800k spent directly on the squad.

That would be quite something.

If we were able to advertise that we were spending an additional $800k directly on the squad and that we're chasing results *and* entertainment, the job of selling memberships and sponsorships for 2016/17 might not be quite so hard...

 

[Wombat]

One of the big problems with the club has been the smell of death about the place. Stories about unpaid bills, big losses, taking games away to make money; they all lead to people wondering how long the club has left.

That will be incredibly damaging to commercial prospects, not to mention incredibly damaging to our chances of attracting players and coaches of a good standard - even forcing us to pay over the odds because players and coaches perceive a risk in signing with us.

It's worth noting that MC actually kicked along some of this talk - partly because it was true, but partly also to try to exercise some leverage over Gosford City Council on the stadium deal and over the fans to get us to accept that taking games away is a good idea.

It also scares off potential investors and even potential fans. Why get financially or emotionally invested in a side that's going to go tits up?

The simple fact that we've turned a profit doesn't mean we've entirely turned the corner, but it signals a change in the conversation.

I'd like to know what the underlying result is - if we're closing the gap before windfalls then we'll be able to project a little bit of strength instead of crying poor all the time. If this is a straight up profit with windfalls additional then we're laughing.

But for this year, there's some context as well. We've apparently barely scraped over the salary floor, and chunks of that are committed to players who aren't even in our squad anymore. From the reported salary cap spend vs the amount Rowdy said was the value of available players, we've got ~$500k tied up.

Assuming the out-of-squad spend ends this year, we're going to have more money invested directly in the squad next year (by necessity - we have to hit the floor at least!) but without impacting the bottom line.

If underlying it all, we're actually stronger financially, then the way is open to spend more still. It might be that we can commit an additional $300k, for a net increase of $800k spent directly on the squad.

That would be quite something.

If we were able to advertise that we were spending an additional $800k directly on the squad and that we're chasing results *and* entertainment, the job of selling memberships and sponsorships for 2016/17 might not be quite so hard...

Good post.

 

[Wombat]

ccm crowing about making a profit while bringing the game of Football in Australia into disrepute makes me cringe.
Its like McDonalds cheering about the fact they no longer have any meat in their burgers.