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Castle Acre Canary

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  1. Scowling Cowling  http://business.timesonline.co.uk/tol/business/article481191.ece
  2. I think he came from Connus Rottenus FC, it was the usual NCFC scout Blindus Asbattus and I believe the agent was the well known Slugus Viperus. The usual fee was paid which I think in Latin is "completus overtopus" while a nice thank you note was sent to our chief executive known in the football world as Maximus Suckerus.
  3. Discuss . Answers must be on one side of paper and no conferring.
  4. We need to average 1.5points for each of our remaining games to stay up and under Gunn''s stewardship we are averaging 1point as we did under Roeder. Those are the statistics.
  5. Interesting post. In my view we face a probabilty of relegation as we need 18 points from the last 12 games, 1.5 a game , and we have averaged 0.83 over our previous 12. If we are relegated I would expect revenues to drop about £5mn  from our current £19mn annual turnover. The only real cost we could cut would we wages so we would need to cut some £5mn from our £8.5mn players wage bill. A huge reduction that would only return us to our current position which is already losing between £2mn and £3mn a year. As far as the banks are concerned, we would probably breach our loan covenants and they would insist in all player sales proceeds being used to pay down debt. We do very well on ancillary non football sales so we do not have an opportunity of increasing revenue there. I am afraid our auditors may not be convinced we are a going concern unless we get substantial personal guarantees from third parties at a time when everyone is feeling the pinch.  In such circumstances the directors would be forced to put the club in to administration, 15 point penalty and Division 2 here we come. I do hope I am wrong.
  6. Interesting post. In my view we face a probabilty of relegation as we need 18 points from the last 12 games, 1.5 a game , and we have avereaged 0.83 over our previous 12. If we are relegated I would expect revenues to drop about £5mn  from our current £19mn annual turnover. The only real cost we could cut would we wages so we would need to cut some £5mn from our £8.5mn players wage bill. A huge reduction that would only return us to our current position which is already losing between £2mn and £3mn a year. As far as the banks are concerned, we would probably breach our loan covenants and they would insist in all player sales proceeds being used to pay down debt. We do very well on ancillary non football sales so we do not have an opportunity of increasing revenue there. I am afraid our auditors may not be convinced we are a going concern unless we get substantial personal guarantees from third parties at a time when everyone is feeling the pinch.  In such circumstances the directors would be forced to put the club in to administration, 15 point penalty and Division 2 here we come. I do hope I am wrong.
  7. [quote user="Duffman"][quote user="Castle Acre Canary"]The rumour going round the office at Carrow Road is that Ian Dowie was offered the manager''s job before Gunny . The deal was to the end of the season and Chris Sutton was asked to join the coaching staff. However, Dowie is on gardening leave from Coventry and it would have meant he would have to give up his pay off so he declined. Just great isn''t it?[/quote] Your rumour kinda falls flat when you realise that he was last manager of QPR............ [/quote]   Good point Duffman. My concern is that it is hardly a ringing endorsement of poor old Gunny if he came after Dowie! Personally of the two I prefer BG anytime.
  8. The rumour going round the office at Carrow Road is that Ian Dowie was offered the manager''s job before Gunny . The deal was to the end of the season and Chris Sutton was asked to join the coaching staff. However, Dowie is on gardening leave from Coventry and it would have meant he would have to give up his pay off so he declined. Just great isn''t it?
  9. Yes we do and with the reduction in VAT in effect the club have put up ex- VAT prices by 3.03%! For example if we paid £100 for our tickets before, £17.50 went in VAT and the club got £82.50. Now VAT is 15% not 17.5%  with prices" frozen" at £100 the club will get £85. A 3.03% price increase! To me it is not the money it is the duplicitous way the club try to make out they are doing us a favour!
  10. No , the poor guy does not stand a chance, bless him. If he keeps us up are we going to appoint him for 3 years? Unlikely.If we go down he will be made the fall guy for the board''s innumerable mistakes.
  11. Why write to the man who is a key part of the problem and certainly not the solution. For example , overheard in the directors box before Christmas, " I do hope Doncaster gets the FA job. He is clearly unqualified for the position but at least we would be rid of him".
  12. As I understand it the accountants BDO have been appointed by D&M to advise them personally. BDO also advise Celtic and Liverpool. The guy from BDO was sitting on Delia''s table last night at the match. An information sales memorandum and confidentiality agreements are being drawn up for distribution to interested parties. The whole process if successful would take until the New Year to complete which is a bit tight for the transfer window.
  13. A couple of points. When Geoffrey Watling died the club owed him over a £1mn but in his will he wrote the debt off. Regarding the Suffolk two it is estimated that up to last month they have put in around £9mn cash into the club and that has now gone up to £11mn following the demise of the Turners. Informed sources suggest that the £11mn is over 50% of the couples net worth which is very unhealthy for a club in our position. How many of us would put over half of all our worldly goods into NCFC? For all the pluses and minuses of Delia''s involvement with the club this situation surely cannot continue for much longer.
  14. I agree. The real reason he is leaving is that he wanted to be Chief Executive and finally realised that Doomcaster is going nowhere . Without Andrew the relationship with the fans will only deteriorate further.
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