BFC_BFC_BFC
Well-known member
Pre Tax Losses for PKE are
Year End June 2021 £17M
Year End June 2020 £10M
Year End June 2019 £14M
Hemmings statement
- Thread starter Leyland bfc
- Start date
Year End June 2021 £17M
Year End June 2020 £10M
Year End June 2019 £14M
Eventhepenguins
Well-known member
Imagine the scene as the Hemmings family are sat round the dinner table at Christmas.
How's business our Craig???.
Well the property side is booming, and the shredding empire is making millions. We've even had a few winners with Dad's horses....
What about the football club????
Cough, splutter
Well it's dad's legacy, his passion.
Yeah yeah but how much money is it making us????
Erm well yeah, about that....it's losing us £12m a year!!!!!
WTF!!!!!!! £12m a year so those ungrateful cockroaches can sneak in for free on a kiddies season ticket!!?? Fck that you div. Break even next season...I don't care if you have to sell every player and release the coaching staff. Sell it to the rapist for a quid, we don't care, just STOP LOSING £12m a YEAR!!!!!
NewburyOne
Well-known member
Unsustainable losses and something they've been trying to reduce as they desperately look to sell. In the current climate, I don't see a queue forming, so it's really a question of whether Hemmings Jnr decides to cutback further, lob them into administration or continue to cough up.
Think this is just the reality of a sustained spell in the Championship. If you want to keep hold of your better players, eventually you will have to offer them new contracts on better wages. Pool have only been in this league for one season so naturally the wage bill is a lot lower. If the club wants to stay in this league that wage bill will rise and rise every season. It’s been 7 years now for Preston, I imagine in 6 years if still in this league Pool’s wage bill will look rather similar.
B_Side_The_C_Side
Well-known member
But none of that helps PNE....
They overspent when they had 30+ players on their books, with many being paid very decent wages to train for 5 days and then spend Saturday sitting on their bums watching Sky sports....all being paid for by Uncle Trev's multi-millions and with no care...
With him gone now, It's just Craig watching silently from the bridge of a sinking ship, as the orchestra starts to play and as a fat lady starts to sing
SS modus operandi is to develop home grown talent, utilise the loans market (as we do now) & pick up players from L1 or below, develop them and reap the rewards (as we do now).
OK, it has it's pit falls.....but nobody in their right mind is going to be paying Brad Potts £10k a week at Blackpool
And that's why you're in the doo-doo
PNE will have to cut it's cloth to accommodate it's new lower budget......
All your big earners who are out of contract in 8 months......Gone!!
Reductions in season ticket prices......Gone!!!
Signing anybody with a transfer fee above £100.....Gone!!!
Bloody Hell......even your flags will be Gone!!!!!.....Not because of the budget, its all those 11 year old season ticket holders, stealing them......
And even the stalwarts of PNEOnline like Ando & Joan (who make a lovely couple) are quitting PNE.......sad to see these fair weather fans give up just because Craig wont stump up another £12m next year.......
They overspent when they had 30+ players on their books, with many being paid very decent wages to train for 5 days and then spend Saturday sitting on their bums watching Sky sports....all being paid for by Uncle Trev's multi-millions and with no care...
With him gone now, It's just Craig watching silently from the bridge of a sinking ship, as the orchestra starts to play and as a fat lady starts to sing
SS modus operandi is to develop home grown talent, utilise the loans market (as we do now) & pick up players from L1 or below, develop them and reap the rewards (as we do now).
OK, it has it's pit falls.....but nobody in their right mind is going to be paying Brad Potts £10k a week at Blackpool
And that's why you're in the doo-doo
PNE will have to cut it's cloth to accommodate it's new lower budget......
All your big earners who are out of contract in 8 months......Gone!!
Reductions in season ticket prices......Gone!!!
Signing anybody with a transfer fee above £100.....Gone!!!
Bloody Hell......even your flags will be Gone!!!!!.....Not because of the budget, its all those 11 year old season ticket holders, stealing them......
And even the stalwarts of PNEOnline like Ando & Joan (who make a lovely couple) are quitting PNE.......sad to see these fair weather fans give up just because Craig wont stump up another £12m next year.......
JJpool
Well-known member
I don’t think our model is the same and only if and when we sell players on do we use that fund the next stage, working our way up bit by bit, to get players we couldn't otherwise afford. Then sell them and hopefully make a bigger profit and go again.
Also the academy is going to be key.
We wouldn't be paying players silly money and losing many millions, it's not sustainable for Sadler to do so.
Wizaard
Well-known member
PKE owners aren't cutting their cloth, they're touching cloth because there's no end in sight.
Leyland bfc
Well-known member
Don’t leave Norfolk white out,there love child
Lost Seasider
Well-known member
Have you read the EFL rules? IIRC £14m per season is where the EFL starts handing out sanctions.
Also, the club is a limited company, it's accounts are in the public domain, it's easy to check and see that they lost £13.5m last year (2020/21), and would've lost similar the year before without £7m from Sheffield for Callum Robinson, and £11m the year before that.