Report This Message
Are you sure you want to report this post?

Re: 2016 accounts
Posted by: Aldo'smuzzy
Date: 14/09/2017 20:07
It's not that bad Higgo, though it has the potential to be.

Palios said from day 1 his aim was to get the club self-sufficient and that he wasn't going to throw too much of his own money at it. The accounts don't raise any concerns that he's deviated from that.

To achieve this meant developing new income streams. He's had to spend money up front on getting that going because we had no non-football income streams and obviously these things don't just start generating money by magic.

We know we got hammered by Wirral Live but we don't yet know what the Riverhill is going to contribute (all profits will go to the club, according to the accounts), we don't know what China will generate and we don't yet know what the suites etc at Prenton Park have been generating. If these all go belly up - or, heaven forbid, we abandoned these activities to throw the cash at the team for what would effectively be a sh*t or bust crack at promotion - then we'd have a very serious problem.

In the absence of non-football revenues, we all complained at PJ for not investing more when we were treading water in League 1, and then we dropped like a stone. We can't get into that situation again. Palios has set out his strategy to make sure we don't and is working towards it. Despite Wirral Live, it's still too early to say how successful that strategy will be.

You may optionally give an explanation for why this post was reported, which will be sent to the moderators along with the report. This can help the moderator to understand why you reported the post.
Name:
Email:

We record all IP addresses on the Sportnetwork message boards which may be required by the authorities in case of defamatory or abusive comment. We seek to monitor the Message Boards at regular intervals. We do not associate Sportnetwork with any of the comments and do not take responsibility for any statements or opinions expressed on the Message Boards. If you have any cause for concern over any material posted here please let us know as soon as possible by e-mailing abuse@sportnetwork.net