kelty_par Posted June 7, 2022 Report Share Posted June 7, 2022 https://www.pieandbovril.com/forum/index.php?/topic/138524-the-falkirk-fc-thread/page/7929/#comments Reading a detailed post on pie and bovril about the meeting Falkirk had with fans last week, anticipating a loss of £900k this financial year, and only just covered the wages paid out. Quote Link to comment Share on other sites More sharing options...
Fifes Elite Posted June 7, 2022 Report Share Posted June 7, 2022 I would be pretty worried reading that as a Falkirk fan. If they are saying at the start of the season they have cashflow concerns it sounds like it will be a hand to mouth existence. A couple of call offs of home games or a large HMRC bill could tip them over the edge Quote Link to comment Share on other sites More sharing options...
kelty_par Posted June 7, 2022 Author Report Share Posted June 7, 2022 19 minutes ago, Fifes Elite said: I would be pretty worried reading that as a Falkirk fan. If they are saying at the start of the season they have cashflow concerns it sounds like it will be a hand to mouth existence. A couple of call offs of home games or a large HMRC bill could tip them over the edge How will they be able to afford anymore new signings? Quote Link to comment Share on other sites More sharing options...
Grant Posted June 7, 2022 Report Share Posted June 7, 2022 13 minutes ago, kelty_par said: How will they be able to afford anymore new signings? Director soft loans? Only guessing because truthfully allot of financial stuff goes over my head. I appreciate I might be wrong, but it reads to me that they took over at the start of last season, lost 900k, and are predicting to lose another 900k this year? Offset by the 720 they had in the bank, does that not leave them a million in the red? I might well be reading it wrong though. Quote Link to comment Share on other sites More sharing options...
kelty_par Posted June 7, 2022 Author Report Share Posted June 7, 2022 5 minutes ago, Grant said: Director soft loans? Only guessing because truthfully allot of financial stuff goes over my head. I appreciate I might be wrong, but it reads to me that they took over at the start of last season, lost 900k, and are predicting to lose another 900k this year? Offset by the 720 they had in the bank, does that not leave them a million in the red? I might well be reading it wrong though. Reading that post, it’s not sounding like the new directors have much money to put in. Cash flow an issue right at the start of the season, they’ll burn through season ticket money to pay the bills by the sounds of it Quote Link to comment Share on other sites More sharing options...
Fifes Elite Posted June 7, 2022 Report Share Posted June 7, 2022 30 minutes ago, kelty_par said: How will they be able to afford anymore new signings? Season ticket money in the short term until cash flow runs out. Same as we did when we went into admin. Quote Link to comment Share on other sites More sharing options...
kelty_par Posted June 7, 2022 Author Report Share Posted June 7, 2022 They are hoping for Jay Fulton to get a big money move as I think he’s the last young player they sold that they have a sell on clause with. Linked with Nottingham Forest Quote Link to comment Share on other sites More sharing options...
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