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+ www.altyfans.co.uk » General Category » Altrincham FC First Team
 AGM report on main site
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Author Topic: AGM report on main site  (Read 11551 times)

Sarf London Alty

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AGM report on main site
« on: December 10, 2012, 11:01:53 PM »

I know the board often get a bit of stick on here but fair play to Mr Rowley and Co for turning a 60k loss into a small profit after our first year back in the regional leagues. Obviously wages and travel costs will have dropped sharply but so will have income through the gate. The very fact such information is even put on our official site for all to see is saying something when compared to a lot of our rivals at this level as well.

What's the deal though with the lease on Moss Lane? 17 years will soon catch up on us. Am I right in thinking the land has to have a sporting use or are we going to have housing developers sniffing round?
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Mrs Warbouys

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Re: AGM report on main site
« Reply #1 on: December 10, 2012, 11:34:23 PM »

The cup money will be on this years books mate, not last years.
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JTH

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Re: AGM report on main site
« Reply #2 on: December 11, 2012, 02:22:52 AM »

I know the board often get a bit of stick on here but fair play to Mr Rowley and Co for turning a 60k loss into a small profit after our first year back in the regional leagues. Obviously wages and travel costs will have dropped sharply but so will have income through the gate. The very fact such information is even put on our official site for all to see is saying something when compared to a lot of our rivals at this level as well.

What's the deal though with the lease on Moss Lane? 17 years will soon catch up on us. Am I right in thinking the land has to have a sporting use or are we going to have housing developers sniffing round?


Worries at a minimum I think Champion Hillbilly - when I looked into this with SAFE the lease is effectively a rollover at a peppercorn rent. £65k turnaround and 8th - makes you wonder what a £100k Cup run might have done last year.
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JTH

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Re: AGM report on main site
« Reply #3 on: December 11, 2012, 02:28:30 AM »

Am I missing something or does this mean we would have made a huge loss were it not for the cup games?

"This confirmed that a surplus of £2,569 was achieved in the financial year to 31 May 2012".
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RageAgainstTheFirstTeam

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Re: AGM report on main site
« Reply #4 on: December 11, 2012, 02:41:14 AM »

Ah, brilliant, I panicked for a moment. Well done on that then, superb.
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"You have to be something in life, so you might as well just be what you want." Keith Davey at Histon, 2012.

RocketDan

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Re: AGM report on main site
« Reply #5 on: December 11, 2012, 07:33:33 PM »

whats the point in making money if we are going to finish mid table.

progress before profits.
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Bob

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Re: AGM report on main site
« Reply #6 on: December 11, 2012, 08:05:51 PM »

whats the point in making money if we are going to finish mid table.

progress before profits.

To be fair, the profit made last year equated to a whopping fifty quid a week. The year before was a 60 grand loss and the typical profits over the last few years have been four figures.  It's not as if they have been stockpiling cash.
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markecky

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Re: AGM report on main site
« Reply #7 on: December 11, 2012, 08:11:01 PM »

whats the point in making money if we are going to finish mid table.

progress before profits.

Who would cover a loss?

I think you know that the aim is to break even not make a profit.
« Last Edit: December 11, 2012, 08:16:55 PM by markecky »
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taxi Phil

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Re: AGM report on main site
« Reply #8 on: December 11, 2012, 08:50:09 PM »

We knew there was an overspend the previous season, so last year the aim was to stay within budget, Full marks to all concerned for achieving that aim.

NEXT year, we will be financially fitter and able to progress in BSP should we run through to the playoffs THIS year  :)
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bigcol

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Re: AGM report on main site
« Reply #9 on: December 11, 2012, 09:08:30 PM »

whats the point in making money if we are going to finish mid table.

progress before profits.

To be fair, the profit made last year equated to a whopping fifty quid a week. The year before was a 60 grand loss and the typical profits over the last few years have been four figures.  It's not as if they have been stockpiling cash.

Lets re-sign Joe O'Neil and break even.
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RocketDan

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Re: AGM report on main site
« Reply #10 on: December 11, 2012, 09:22:46 PM »

whats the point in making money if we are going to finish mid table.

progress before profits.

To be fair, the profit made last year equated to a whopping fifty quid a week. The year before was a 60 grand loss and the typical profits over the last few years have been four figures.  It's not as if they have been stockpiling cash.

Lets re-sign Joe O'Neil and break even.

Maybe not Joe O'Neil, but £50 a week would have paid for some young lad to sit on our substitute bench on a pay as you play basis.
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ManagementGuru

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Re: AGM report on main site
« Reply #11 on: December 11, 2012, 09:56:41 PM »

I think a £2 grand profit falls within the definition of "spending every available penny" whilst allowing some contingency for falling gates at the end of a season or some other cash flow problem.  Well judged, lads!
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Bob

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Re: AGM report on main site
« Reply #12 on: December 12, 2012, 06:03:18 AM »

Exactly. There's no way a business like ours can set out at the start to make a two grand profit at the end of the year. If a hundred or so less people came through the gates over the season then the profit might have been a grand instead. We effectively broke even and had a tiny bit left over.
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distancetraveller

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Re: AGM report on main site
« Reply #13 on: December 12, 2012, 09:14:37 AM »

Well Done... In the current economic climate I think the club have done a great job in achieving a small profit after a 65 grand loss.

Wankers Bankers/Politicians of all sides,  please take note
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chesteralty

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Re: AGM report on main site
« Reply #14 on: December 12, 2012, 09:17:57 AM »

Ultimately the main point is that we have a club called Altrincham FC to support, the league we play in is of secondary importance.
We are lucky to have a board (and supporters) that realise that.
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+ www.altyfans.co.uk » General Category » Altrincham FC First Team
 AGM report on main site