super_al Posted November 7, 2012 Share Posted November 7, 2012 Are we not cheating also? 15 million pound un-sustainable debt, spending outwith our means to gain an advantage against teams who are operating within their financial capababilities! Its different. Aberdeen are losing money not because they are paying excessive wages, but because of the interest on the debt and the costs to run an old stadium. Most years Aberdeen Link to comment
Stoney Posted November 7, 2012 Author Share Posted November 7, 2012 Its different. Aberdeen are losing money not because they are paying excessive wages, but because of the interest on the debt and the costs to run an old stadium. Most years Aberdeen Link to comment
super_al Posted November 7, 2012 Share Posted November 7, 2012 We are paying wages we cannot afford, Well we are within the recommened ratio. Whilst Hearts at one time had something like 130% of their turnover being spent on wages. Big difference. Link to comment
Stoney Posted November 7, 2012 Author Share Posted November 7, 2012 Recommended for clubs who do not have a 15 million pound debt, if we operated within financial confines say for example same wages as the other bottom 6 teams chances are we wouldnt be an spl team. In order for us to get away from the bottom, we have had to spend money we dont have. Link to comment
Jonty Posted November 7, 2012 Share Posted November 7, 2012 Recommended for clubs who do not have a 15 million pound debt, if we operated within financial confines say for example same wages as the other bottom 6 teams chances are we wouldnt be an spl team. In order for us to get away from the bottom, we have had to spend money we dont have. Don't understand this, we are a far bigger club than the other bottom six teams so surely we can afford to pay higher wages? Link to comment
Ke1t Posted November 7, 2012 Share Posted November 7, 2012 Don't understand this, we are a far bigger club than the other bottom six teams so surely we can afford to pay higher wages? Size of club doesn't really matter when you have a bank balance of -15,000,000 quid. Thanks Stewart. Link to comment
stand_free Posted November 7, 2012 Share Posted November 7, 2012 Don't understand this, we are a far bigger club than the other bottom six teams so surely we can afford to pay higher wages? Not with masses of debt the likes of which St. Johnstone, Caley, St. Mirren etc. don't have. Link to comment
Sonoftherock Posted November 8, 2012 Share Posted November 8, 2012 Its different. Aberdeen are losing money not because they are paying excessive wages, but because of the interest on the debt and the costs to run an old stadium. Most years Aberdeen Link to comment
Iraq_Red Posted November 8, 2012 Share Posted November 8, 2012 How did we get into the position where we were paying interest on a huge and rapidly accumulating debt? Answer: by spending money we didn't have. We tried to live beyond our means and chase down the Old Firm in the 1990s. Sadly, mainly thanks to the employment of a series of inept managers, we made a complete pigs ear of things. The cost of running an old stadium, although it was an additional drain, does not compare to the amount of money we wasted on transfer fees and wages for players like Paul Bernard, Brian O'Neill, Robbie Winters, etc, etc. We were also spending money we didn't have and what makes it even worse is that we don't even have two Scottish cups to show for $15M of accumulated debt! Although mentioned, in the cold light of day, just as an example, as below, what the fuck were we thinking? Link to comment
Sonoftherock Posted November 8, 2012 Share Posted November 8, 2012 Although mentioned, in the cold light of day, just as an example, as below, what the fuck were we thinking? Link to comment
barassie_afc Posted November 8, 2012 Share Posted November 8, 2012 Rangers knowingly orchestrated a tax dodge, in Hearts case the bank has run dry due to massive overspending and they are fucked. We have generally been in the 60% bracket of wages to turnover for quite a few years, although I believe late 90's early 00's we had the insanity of 80-90%. That being said we have huge operating costs of approx Link to comment
fatshaft Posted November 8, 2012 Share Posted November 8, 2012 Fat pap traynor... http://www.dailyrecord.co.uk/sport/football/football-news/if-hearts-go-down-watch-other-clubs-1424368 Armageddon League reconstruction First of many Link to comment
Stoney Posted November 8, 2012 Author Share Posted November 8, 2012 5000 away fans.good een Link to comment
stand_free Posted November 8, 2012 Share Posted November 8, 2012 I had a Hun churn this out to me after I raised the issue about the attendances: I was then accused of being sucked in by the 'mhanky' propoganda. He realises the 800000 odd Rangers fans money goes to Rangers though? Naebody else. So it doesn't matter a fuck that they're not paying into the SPL as that only affects Rangers bank balance Link to comment
Bluto10 Posted November 8, 2012 Share Posted November 8, 2012 you folk need to get new friends Link to comment
stand_free Posted November 8, 2012 Share Posted November 8, 2012 5000 away fans.good een It's 3,500 at Aberdeen. Fuck knows about everywhere else. Link to comment
Stoney Posted November 8, 2012 Author Share Posted November 8, 2012 Simplified for even the thickest of hun cunts. Average outwith the old firm this season (total) 76348 last season 69037 Link to comment
Stoney Posted November 8, 2012 Author Share Posted November 8, 2012 Makes no odds how the spin goes. More people are getting back to football because they are deed. Fuck them, and celtic and the horse they ride on Link to comment
Henry Posted November 8, 2012 Share Posted November 8, 2012 Please be my friends No thanks. Link to comment
super_al Posted November 8, 2012 Share Posted November 8, 2012 Indeed. I don't think Super_al understands what he is saying by accusing Hearts and Rangers of cheating. The difference between ourselves & Hearts (I am assuming here that Hearts have been, like us, keeping up to date with their tax?) in comparison with Rangers, is that Rangers were evading tax in order to maximise the bang they were getting for their borrowed buck. This is the crux of the matter. Rangers were cheating by breaking the law. Until the financial fair play rules come into force, spending money you do not have is not in breach of any rules. Even after sending 1 million on Bernard the debt was not unsustainable. Our debt was overstated for many years –fact re: Fraser’s comment in 2007. After the Euro Run we reduced the debt substantially. I keep going back to the great football economic theory – living in your means gets you in trouble. The reason being is that Aberdeen has had very little success – that means less prize money, lower crowds less sponsorship. Aberdeen has implemented a sound financial wage structure: 1.) They budget for 7th place2.) A large portion of a players wages are Incentivized and based on achievements We are losing money because revenue streams are being cut overnight i.e. Sananta going bust and other EXTERNAL factors. Other clubs such as Dundee United have been lucky in that they have sold players. Despite this we are in line with the recommended ratio in terms of wages and revenue. Link to comment
Henry Posted October 27, 2013 Share Posted October 27, 2013 Inverness announce annual profit I thought we were all meant to be bust by now. Link to comment
BrianFaePerth Posted October 28, 2013 Share Posted October 28, 2013 Inverness announce annual profit I thought we were all meant to be bust by now. Statistical anomaly. They would have made much more money with 2 visits from the mighty Rangers Link to comment
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