Hemmings statement

Doesn‘t read too badly tbh.
Clearly keen to sell up and reduce that £12m annual burden on the family.
They appeared to navigate the close season with fewer issues than BFC and despite the large deficit, still kept hold of their most valuable player.
 
Spent most of their budget paying off ex managers and paying up contracts for players that they have got rid of. Doesn’t look like it left much for Ryan Lowe to spend 😳
 
Really wish they'd sold to Kirchner for the lols but he's giving it to them straight like a pear cider made out of real pears so you can't really argue against it. Looks like Ridsdale was the mouthpiece for his old man like the Bullshit Ben thing here, but the son seems to be more direct and real.

I know their fans aren't happy but they've still been able to go and get signings in previously where they've needed money spent on it. Can you imagine us trying to get Doncaster's captain and best player out of Doncaster without some sort of victim card calamity. Or the Kilmarnock lad they put a million on at the last minute of a window but still got done. Or putting a new contract on their top scorer from last season that gives them control over what happens next.

Absolutely no idea how they've ended up in a situation where they can't score and don't concede many at the moment but if they get the balance right they'll have a better season than us. Through gritted teeth.
 
poolfc said:
Really wish they'd sold to Kirchner for the lols but he's giving it to them straight like a pear cider made out of real pears so you can't really argue against it. Looks like Ridsdale was the mouthpiece for his old man like the Bullshit Ben thing here, but the son seems to be more direct and real.

I know their fans aren't happy but they've still been able to go and get signings in previously where they've needed money spent on it. Can you imagine us trying to get Doncaster's captain and best player out of Doncaster without some sort of victim card calamity. Or the Kilmarnock lad they put a million on at the last minute of a window but still got done. Or putting a new contract on their top scorer from last season that gives them control over what happens next.

Absolutely no idea how they've ended up in a situation where they can't score and don't concede many at the moment but if they get the balance right they'll have a better season than us. Through gritted teeth.
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No such thing as a ‘pear cider’ that would be a perry. If it’s not made from apples it’s not cider. Just saying, it appears to be a common misconception.
 
The Catcher in the Rye said:
No such thing as a ‘pear cider’ that would be a perry. If it’s not made from apples it’s not cider. Just saying, it appears to be a common misconception.
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Marketing thing that made it a saying for a bit. Like the PNE Ambassadors being on for a free season ticket in the Prem or whatever it was

Leyland bfc said:
10 players out of contract at end of the season to😀
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14 for us. Was 15 but Bowler sold. And the loans go back. Trialist fest next summer.
 
Propped up to the tune of £12 million per year 😬

He makes a point of not ruling out a sale but who in their right mind is going to make any sort of cash offer for PNE when as soon as the ink dries on their contract they’re £12 million per year worse off just to keep a lower mid table Championship team, with zero tangible success for generations, ticking over. Jesus. How on earth has the club even got itself into such a dire financial situation - they’re not exactly big spenders.
 
poolfc said:
Marketing thing that made it a saying for a bit. Like the PNE Ambassadors being on for a free season ticket in the Prem or whatever it was


14 for us. Was 15 but Bowler sold. And the loans go back. Trialist fest next summer.
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12 for us,and 7 of them we have option for another year,not that I’d take it up on most of them
 
LA1 Seasider said:
Propped up to the tune of £12 million per year 😬

He makes a point of not ruling out a sale but who in their right mind is going to make any sort of cash offer for PNE when as soon as the ink dries on their contract they’re £12 million per year worse off just to keep a lower mid table Championship team, with zero tangible success for generations, ticking over. Jesus. How on earth has the club even got itself into such a dire financial situation - they’re not exactly big spenders.
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Plus he wants 30 million for them,deluded
 
I see that 'super fan'.....joanPNE has quit attending games (according to her post on PNEisOnline)......and she wont go back......🤣

She's had it with the Hemmings family, as they only put £55m into the club and she has promised not to buy her OAP season ticket (which only cost her £200)......But will go back, when someone (new owners) promises to throw even more millions at the club

There's a brilliant quote on that site from some half brain that said the club has tricked him into buying a cheap season ticket

You cant make this shit up.......
 
It makes you wonder just how much Mr Saddler is investing and has already invested into BFC.
Apart from buying the club he's invested massivly in the club's previously crumbling infrastructure.
The current TG although not perfect has had massive investment.
Players are now on actual contracts......
The backroom support staff are now in place which again costs money.

People have a go at the club's commercial management but in my view, all they are doing is trying to get more money in in new innovative ways, money that is now being spent on football, not some shit wedding venue near Lancaster or some hairy mammoth in somebody's hallway.

Each one of us gives our all for our club but there are only about 10k of us. We are competing with club's with double, treble and even quadruple the amount of support, some with the millions in parachute payments.

Our club is punching way above its weight and we as supporters are too, with our fantastic vocal support......

It's never going to be easy, we are the underdogs almost every week.....but we keep going, keep fighting, keep supporting because this is OUR club.
UTMP.
 
Leyland bfc said:
12 for us,and 7 of them we have option for another year,not that I’d take it up on most of them
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12 plus 5 loans that's 17 players out of a squad of 24 plus Thame, Dale & Casey so that leaves us with 10 players if my calculations are correct. Some of those won't be good enough either. That's why this summer's transfer dealings were a joke.
 
poolfc said:
Really wish they'd sold to Kirchner for the lols but he's giving it to them straight like a pear cider made out of real pears so you can't really argue against it. Looks like Ridsdale was the mouthpiece for his old man like the Bullshit Ben thing here, but the son seems to be more direct and real.

I know their fans aren't happy but they've still been able to go and get signings in previously where they've needed money spent on it. Can you imagine us trying to get Doncaster's captain and best player out of Doncaster without some sort of victim card calamity. Or the Kilmarnock lad they put a million on at the last minute of a window but still got done. Or putting a new contract on their top scorer from last season that gives them control over what happens next.

Absolutely no idea how they've ended up in a situation where they can't score and don't concede many at the moment but if they get the balance right they'll have a better season than us. Through gritted teeth.
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Nice Stewart Lee reference 🤣
 
Their fans are still going mad over it.

12 million a year, they will want to get that down too, they will continue to support them for millions a season, but surely further cuts incoming.
 
For a wealthy man, buying a football club is like buying a superyacht for their ego, with an initial large outlay than huge yearly expenses.
Except that the crew earns considerably more money and the paying guests feel they are entitled to pay the bare minimum while
feeling entitled to give their opinion to both the owner and crew on how they think it should be run.
There is the odd owner that manages to sell the yacht for a profit but the vast majority lose money and regret ever buying it.
 
It's easy when you say £12 million in a year.

Say a really good season with 60 games - that's £200,000 of their hard earned every time they play. That's a lot of money.
 
Wonder if we'll finish above them in the 'Moaning at our owners' League?

A good statement I thought, a considered reaction to all the bleating.
 
By far the biggest outlay each season is players salaries. So those who are criticising Mansford and Sadler and not getting deals over the line should just remember for an average Championship player on 10K a week adds up to nearly half a million a year. So for a L1 player like Brannagan who was reported to have signed a new contract at Oxford for 14K a week + 1.25M transfer fee you can see how the outgoings multiply. And he has never played at Championship level!
 
Spending 12 million a year to have a vanilla club, god awful home 0-0 draws, poor support and getting slagged off.
They need to sell it off and get a better club to support👍
 
Danny Ocean said:
For a wealthy man, buying a football club is like buying a superyacht for their ego, with an initial large outlay than huge yearly expenses.
Except that the crew earns considerably more money and the paying guests feel they are entitled to pay the bare minimum while
feeling entitled to give their opinion to both the owner and crew on how they think it should be run.
There is the odd owner that manages to sell the yacht for a profit but the vast majority lose money and regret ever buying it.
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My sea going mate used to say "there's only two good days in boat ownership ..... the day you buy it, and the day you sell it"
 
I think it is a pretty good and illuminating statement, in its way.

It certainly describes the hook that clubs the size of theirs (and ours) are on. It costs you a lot of money just to stand still ; it can cost a lot more to try to compete. Given the world-changing impacts of promotion you can see why some club owners decide to gamble big (as opposed to merely gambling).

It also demonstrates why financial reform is badly needed. Giving a certain category of clubs a choice of relegation, perennial struggle or potential penury just for the "crime" of being a small club in a big League really is no choice at all.

I also think the statement is somewhat self-serving, in that the club has had quite a long time to work out an efficient business model and the evidence suggests that they haven't really managed it, despite the fearsome business acumen of Peter Risdale. To that extent, some of the criticism from fans is justified. Not all of it though ; they seem to be like us in having a number of fans who are very good at spending other people's money. I've often been struck by the direct correlation between enthusiasm for big spending by the owner and a reluctance to buy anything other than very cheap season tickets.

Where I think our two clubs differ is that they seem to be reluctant to invest in infrastructure, if their fans are to be believed. That said, I don't think we can guarantee that our owner will be able to do all he wants to in the midst of a global recession either, and that is before you consider the ballooning prices of steel and other construction materials arising out of the conflict in Ukraine.

I think that, apart from a privileged few, football clubs are going to have to batten down the hatches in the next two or three years. Not everyone will come through it, and that is before we get on to incompetence and corruption, which are still bedevilling the game at the higher levels.
 
So it costs £24m a year to run the knobbers and they generate £12m income. Clearly not viable, but there again how many clubs are, at any level? Difficult to guage the equivalent figures for us, the last published accounts covered the last part of the covid period which obviously restricted income for all clubs, along with lower expenditure to some degree, but there was a loss of just under £5m with costs just under £13m. Considering their results they are probably over-rewarding players, hence the relatively high cost base.
 
Interesting to see the word custodian come up in that article. Our respective clubs appear to be being run with similar aspirations, with both needing financial support now to recover from poor management in the past (although neither set of fans would ever want to admit we are in a similar place). Both owners seem to want what's best for their clubs in the long term, but neither is able (or prepared?) to risk too much now for short term gain. It's going to be a long time for either club to mount a strong premier league push (staying optimistic that our time will come again!), so who will lose patience first I wonder......
 
Those figures are misleading - I buy it that they spend £24m a year and have £12m coming in from ST sales and TV money , BUT that doesn’t take into account additional streams of income such as corporate/hospitality, match day sales, merchandise and shirt sales or cup runs
I just don’t buy the £12m shortfall or surely they would fail the FFP rules
 
tigger said:
Those figures are misleading - I buy it that they spend £24m a year and have £12m coming in from ST sales and TV money , BUT that doesn’t take into account additional streams of income such as corporate/hospitality, match day sales, merchandise and shirt sales or cup runs
I just don’t buy the £12m shortfall or surely they would fail the FFP rules
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Think someone mentioned that was due to Covid,it’s more like 6-8 million I think
 
Covid/schmovid- the figures don’t stack up

I have absolutely no doubt that they are having to pump money into prop up that excuse for a football club - but not to that extent
 
Interesting next season what they do with their Season Ticket prices. They’ve devalued their product and then depressed every fucker with their statement, even if it is a dose of reality that misses out daft transfer dealings and big contracts given out to average players.

If that new owner doesn’t come, it’ll be back to lots more empty seats.
 
tigger said:
Those figures are misleading - I buy it that they spend £24m a year and have £12m coming in from ST sales and TV money , BUT that doesn’t take into account additional streams of income such as corporate/hospitality, match day sales, merchandise and shirt sales or cup runs
I just don’t buy the £12m shortfall or surely they would fail the FFP rules
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Well it does say...

"Towards this we receive approximately £2.3m from season tickets and a further £7.3m in total from the EFL and Premier League. After other income streams, that leaves my family with an annual shortfall of around £12m which we have to put into the club each season."

So it does include it, theve just lumped it under other.
 
Adams Kebab said:
Interesting next season what they do with their Season Ticket prices. They’ve devalued their product and then depressed every fucker with their statement, even if it is a dose of reality that misses out daft transfer dealings and big contracts given out to average players.

If that new owner doesn’t come, it’ll be back to lots more empty seats.
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Well it depends how they do this season.

Seeing as give or take, our 2 clubs make similar ish revenue on ST sales probably. We probably make slightly more than them I reckon but not huge amounts in it.

They may as well stick at their current price levels, raising it to where it was would be bad for sales, maybe raising it a bit would keep many but make similar revenue.

Hard to say, but in reality what would we rather have if income was similar, less fans or more.
 
Which ever way you look at it.........The current 'business model' of PNE is unworkable and the future is bleak due to PNE's ability to generate a higher level of income, as this could only be done with a massive increase in fans or getting to the Prem........Both unlikely

Hemmings Jr statement highlighted that the £12m financial support ENDS at the end of the 2023/24 season
If, PNE isn't self sufficient by then.....or isn't generating more than their normal £12m.....any short fall wont be covered by the Hemmings family.

It's a massive 'ANY OFFERS ACCEPTED' sign outside Sleepdale (which is fully owned by the Council)....so all that anyone is really buying is the club, a cursed training ground and a bill for £250,000 every week.

The only only hope was the building land at Ingol that Hemmings had earmarked as a new PNE training ground.
This would have provided some income for the club by building houses but even this has been transferred away to another Hemmings company.

The £55m that was pumped into the club by Uncle Trev has now been placed on the clubs books and is registered as DEBT, which is owed by PNE to the Hemmings family and isn't a 'gift' as some PNE fans think it is.......That means that anyone trying to take over at PNE...will need to repay (some/all) of this money to the Hemmings family

The Hemmings family are basically stating that they want to sell the club no later than April 2024 or hopefully sooner...
They could be open to a partial payment sale and a commitment from the new owner to invest X amount of money over X amount of years.
The Hemmings will then feel as if they have done their duty to dad, having secured the future of PNE...with a new owner.
And It may be the only way they will see any return on that £55m they flushed down the loo.

The massive mistake PNE made this season, was the introduction of loss leading season tickets......OK, it got an extra 2,000 people...but it reduced income by £300K
But what happens next season.......They cant put the price up.....as they will lose those 2,000 and probably a few more......
These are the fans who are already kicking off and PNE are only 10 games in......What happens when their transfer budget is £100 and they need to increase ST by £100+ just so they can sign some free agents.....

I think PNE are in some massive trouble.....and by summer 2024 (18 months time) they will be struggling to pay L1 wages.....
 
if my figures were right I think they had 15 players on more money than our highest earner last season. some treble our highest wage.
if that was to be believed just one player would have taken 750k and he wasn't even playing.
there were more on silly money too.
also they allegedly sold 12000 St's but we'll over a thousand of those were not sold they were free to under 11s.
I bet there was not much difference in ST revenue between us and them but 4000 bodies difference. our s were more expensive.
deluded fans they have 🤣😂🤣
 
Those kind of excessive wages are not workable long term without Prem parachute payments.

Surprised they managed to keep hold of Riis given the state of their finances. Assume it’s because they absolutely must stay in the Championship to find a buyer for the club. LG1 is a much harder sell.
 
I can't see many people queuing up to buy a business losing £12m a year! Even as a vanity project its a dear do.
Maybe some rich Arab might think yeah but what if we get them into the Premier League...but think of what it would cost them to do that for one season in the sun, and then what??? Break Even at best even with the millions on offer.

Sorry nobbers, my prediction is severe cost cutting, a couple of relegations, dwindling attendances. The best you can hope for is a property developer who fancies flattening Deepdale and turning it into flats or a nice car park. Ground sharing with Bamber Bridge or Chorley, if you can afford the rent.

you're heading in one direction only...dont have nightmares...Merry Christmas 🤣🤣🤣
 
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