Back in profit... but not for long!!

[Babylon]

and half the tickets were on ebay within another 10 mins???

And then I got 4.

 

[maffyou]

http://www.thebluearmy.co.uk/details.asp?k...102006363610531


However, a fall in match attendance saw gate receipts slump by almost a quarter to £4.82m, while money from TV and radio and retail and merchandise, such as replica shirts, also fell.

This resulted in a 10 per cent drop in turnover to £20.15m in the year to May 31. But revenue from the Alliance & Leicester shirt sponsorship deal, match-day advertising, executive suites and other sources increased slightly.

Perhaps the result of the way the clubs being run, ie too much emphasis on the corporate side and too little on the football side/looking after the fans.

 

[M17TT C]

And then I got 4.

out of interest how much did you pay cus i havent looked in ages as they were just ridiculously high, like 3 times face value!! really wana go as Kasabian are amazing and The Fratellis are too far short either!! deciding whether to ebay it or go for a seating ticket right at the back of the MEN Arena at face value!

 

[Fox Fan]

£161,000

Earnt every penny, don't you think......

That seems like a shockingly high amount to me. I wouldn't expect him to anything above £100k.

Anyone have any figures on how this compares to other clubs?

 

[Jeff]

Anyone have any figures on how this compares to other clubs?

http://football.guardian.co.uk/comment/story/0,,1761366,00.html

 

[Bobby Smith]

http://football.guardian.co.uk/comment/story/0,,1761366,00.html

They don't earn anywhere near as much as i thought. TD earns a decent amount when you look at our current standing and the fact that he own a very small percentage of the club.

In our last season in the Premier League TD would have been well up that list with the massive bonuses handed out (and we got relegated!).

 

[Brauny Blue]

Why don't they put some female strippers on, and use the football as the mid session entertaiment. Surely we can fill our stadium one way another .

 

[Foxes_Trust]

I think you will find the wages will be even lower this season, should be interesting to see what results they post for the current season. I would not be surprised to see a loss, but not a huge one.

What do you call huge?

 

[Foxes_Trust]

They don't earn anywhere near as much as i thought. TD earns a decent amount when you look at our current standing and the fact that he own a very small percentage of the club.

In our last season in the Premier League TD would have been well up that list with the massive bonuses handed out (and we got relegated!).

It was £191k the previous year, so not close to the Top 20

 

[PFKAKTF FOX]

It was £191k the previous year, so not close to the Top 20

Not bad for a 100k investment though is it, what has TD earned out of the club in wages and bonuses since his investment, and has he made any further investment since.

I am not slagging TD off, he is employed to do a job and should be paid, but lets be honest, If many had known that by investing 100k they would then gaurentee the earnings TD has over the last 3/4 seasons then it really wouldn't have been that much of a risk, and he also will have the opportunity to recoup and maybe even profit on his original investment should the club be bought.

Also bearing in mind the performance of the club on and off the pitch, does his performance justify this high salary and position ??

 

[Jeff]

I am not slagging TD off, he is employed to do a job and should be paid, but lets be honest, If many had known that by investing 100k they would then gaurentee the earnings TD has over the last 3/4 seasons then it really wouldn't have been that much of a risk, and he also will have the opportunity to recoup and maybe even profit on his original investment should the club be bought.

When he agreed to put money into the consortium he wasn't guaranteed a job, so I don't think it's fair to suggest he put the money in because he knew he'd get something out of it. He was offered the job after the work he did for the consortium while the club was in administration.

I'm sure if he wasn't at LCFC he'd have a well paid job elsewhere - and the club would be paying someone else similar money.
If the board and/or shareholders weren't happy with his performance he wouldn't still have his job.

 

[bocadillo]

They don't earn anywhere near as much as i thought. TD earns a decent amount when you look at our current standing and the fact that he own a very small percentage of the club.

I'm not sure why you think that TD's earnings should at all be related to how much of the club he owns. His salary should be related to the amount of work that he does and its worth - any money relating to his share in the club should be from dividends (if any).

 

[Real Sharapova]

What do you call huge?

Three ish million.

 

[Durham Fox]

Three ish million.

Surely the club can't make a loss of any proportion (apart from spending the £1.6m profit from this year) or they wouldnt be sticking to the 'financially stable' commitment

 

[PFKAKTF FOX]

What I find contradictory is the way Mandaric's intentions have been questioned and yet here we have a similar scenario with Tim Davies who is making significant profits from his original investment and yet very few question or are concerned by this.

Surely if the current regime are benefitting financially albeit when the current performance is leaving a lot to be desired then why is it such a concern that Mandaric may well eventually look to make a profit from any investment he may make in our club.

 

[Jeff]

What I find contradictory is the way Mandaric's intentions have been questioned and yet here we have a similar scenario with Tim Davies who is making significant profits from his original investment and yet very few question or are concerned by this.

Surely if the current regime are benefitting financially albeit when the current performance is leaving a lot to be desired then why is it such a concern that Mandaric may well eventually look to make a profit from any investment he may make in our club.

Davies is getting paid the going rate for the job, nothing to do with owning a few shares. Lots of people own shares in the company they work for.

 

[PFKAKTF FOX]

Davies is getting paid the going rate for the job, nothing to do with owning a few shares. Lots of people own shares in the company they work for.

What I am getting at is the fact that there are members of the current board who are profiting out of their original investment, I don't have an issue with this however I am concerned by some opinions that are made as to Mandaric's intentions.

We are already seeing individuals are benefitting, and this is at a time when the club is not really performing, so why are people so afraid of Mandaric benefitting in the long term if he makes us successful.

I understand that TD is being paid the going rate for the jo he is doing, but based on his performance would he have survived within another organisation, I doubt it.

 

[Real Sharapova]

What I find contradictory is the way Mandaric's intentions have been questioned and yet here we have a similar scenario with Tim Davies who is making significant profits from his original investment and yet very few question or are concerned by this.

Surely if the current regime are benefitting financially albeit when the current performance is leaving a lot to be desired then why is it such a concern that Mandaric may well eventually look to make a profit from any investment he may make in our club.

Davies is being paid a wage for doing a job. You might argue if he is worth it, but what he is being paid is not out of kilter for a Chief Executive. It should not have anything to do with any shareholding he has in the club.

 

[PFKAKTF FOX]

Davies is being paid a wage for doing a job. You might argue if he is worth it, but what he is being paid is not out of kilter for a Chief Executive. It should not have anything to do with any shareholding he has in the club.

I refer you back to my above post :icon_roll

 

[Jeff]

What I am getting at is the fact that there are members of the current board who are profiting out of their original investment, I don't have an issue with this however I am concerned by some opinions that are made as to Mandaric's intentions.

We are already seeing individuals are benefitting, and this is at a time when the club is not really performing, so why are people so afraid of Mandaric benefitting in the long term if he makes us successful.

I understand that TD is being paid the going rate for the jo he is doing, but based on his performance would he have survived within another organisation, I doubt it.

Davies isn't profiting out of his original investment. No dividends have been paid to shareholders.
He didn't appoint himself to the job and he doesn't decide how much he pays himself. I don't know if he's doing a good job or not - the board is in a much better position to know this, and they have the power to remove him, so I can only assume they think he's doing a good job.