Tree

53 minutes ago, caleyboy said:

Clach have not "thrown their lot in with County" so I don't know where you got that from.

1st hand experience and speaking with a number of their coaches 

37 minutes ago, caleyboy said:

This is an opportunity to sit down with Clach and really set a pathway for ICT youth players.

*Clach have a very limited player budget but could subsidise the ICT players wage

*ICT cannot afford a reserve team so Clach continue funding the SHFL team bur save on signing on fees.

There are so many benefits here for both clubs if they just see sense and sit down round the table.

 

Coach have thrown their lot in with County and the issues with Savage and Sutherland loom in the background. Having had my son involved in the Development side the spiteful view of ICT by many of their coaches is petty and I don’t see this changing in the near future.

https://ictfc.com/sean-welsh-signs-new-2-year-contract-extension

good news

13 minutes ago, Satan said:

That rumour would involve a hefty pay cut too.

I’m sure Chalmers will survive on the pay cut.....

15 minutes ago, caleyboy said:

and who is that?

Ross Jack

The silence on the wider development side since Danny departed is a bit of a concern.

The club now only has one coach left who holds the qualifications to be Academy Director and no announcement seems to have been made on this.

52 minutes ago, caleyboy said:

aye but was he offered a new contract?

I don't believe a formal contract was ever tabled however I also understand that a broad discussion took place about the fact that any contract would have been a fraction of the current deal and in effect it became clear that this was not a starter

1 hour ago, Alan Simpson said:

Liam needs to be careful what he wishes for most players who leave us Christie aside it's a bit of benchwarming and downhill! 

He needs to look after his family. Offered a new contract at a fraction of his current salary or move and have a pay rise. Pretty simple decision

Was his first act to reappoint Red Pepper?

21 minutes ago, Kingsmills said:

The old one, OFW.

I’ll add an emoji for sarcasm next time

Who’s the new sub keeper?

32 minutes ago, forresjags said:

Sorry ,should have mentioned its Liam Polworth I am talking about.

 

Nope. Off to Smiffys in Aviemore for chips with his family

16 hours ago, caleyboy said:

I really don't understand what you are trying to say.

Our demise started on Yogi’s watch!

3 hours ago, caleyboy said:

our financial demise started a long time before Yogi got here.

Eh? Some of our best financial results have happened when Yogi was here.

 The change from modest basic plus good bonuses changed on his watch and under public pressure from him following the cup win.

clearly this was exacerbated during the Foran season however a reasonably tight ship changed with his arrival 

17 hours ago, Jack Waddington said:

How he's managed 14 goals, I will never know...

He's put the ball in the net....

Maybe Neil Warnock was right after all

11 hours ago, caley100 said:

Well your 'fact' may be up for debate,   Seemingly from my source, the club were not happy with DM,  CEO tried to get backing to remove same and didn't get support from various and necessary parties.

CEO resigned.

DM resigned.

Cost cutting to minimise losses continues.  

Did your 'source' happen to mention why the foundation to move the youth/community side under (which would be separate from the club and help save money) hasn't been announced?

I don't see what the fuss is about regarding whether there are tickets available yet or not. We know when and where the game is and there will be more than enough available.

At the moment not being in Administration and having enough staff left to keep the ship afloat by the time we actually play seems to be more of an issue to concern ourselves

22 minutes ago, bdu98196 said:

Source or at least until its deemed to be official this should be in Rumor Mill?

If true its yet another worrying bit of club activity. Given whats been seen over the last few wks its looking very shambolic. Lets wait and see what  comes out officially and how murky this part of the story gets.

Right now the cup semi will be seen as a blessing by the board as they will look at it as a distraction from whats going on inhouse.

Can't give source but appreciate that this is defined as a rumour until this is official

Rumour is true.

Ronnie has also resigned which is badged by the club as retiring but is actually due to the behind the scenes issues and the fact he is too old to out up with this.

Presumably Charlie will ride to the rescue!

A 4G pitch compared with what?

With a grass billiard table grown 12 months of the year with the help of ray bulbs and perfect drainage. Grass wins every time.

Compared however with our pitch which now has dodgy drainage and become bare and tufted by January and has the ball bobbling all over the place?? How many injuries has this contributed to?

Don’t see how we can finance the installation without a gift of an interest free loan

1 minute ago, The Long Man said:

And who did't love Robbo's jig of delight when the winner went in?!

Fully expect a touch line ban for entering the field of play...........

16 hours ago, CaleyD said:

I may be wrong, but I don't recall having ever seen a comment such as that in our annual accounts, certainly not in recent years and not last year when we also reported a sizeable loss.

The Auditor's comment relates to a point I made in an earlier post regarding the strengthening of the balance sheet through the addition of new assets (stands) and the basic solvency test.

Without the addition of the asset then the short term liabilities and cah flow difficulties over the past year would have made it difficult to demonstrate that, in lieu of a credible increase in income, the club was solvent. The comment specifically shows (understandably) that the Auditors have concerns that the value of the asset cannot be realised in the short term to act as a liquid asset (to offset liabilities coming due).

The current month on month P&L (and resulting run rate) is needed to understand whether this is an improving situation which through further reduction in expenditure and increase in income can be controlled.

The lack of external debt is a positive in relation to all this however I view it telling in terms of cash flow that we decided to move Oakley on in the last window.

I would add that the current board are in many ways dealing with the hand they have been dealt with. Removing the remaining large wages off the books (and I would ask whether we are still paying Foran?) will assist however I'm not convinced that this will balance things out. In simple terms further injection of cash is likley to be needed over the current finacial year

Winning the Scottish Cup again or at least getting to the Semis where the attendance monies are pooled would be a major help......

1 minute ago, Kingsmills said:

An untradable and possibly unsecurable asset on the balance sheet is neither here or there. What matters right now is the year on year, month on month and day on day deficit of expenditure against revenue.

It may prove to be important in determining future solvency however.

i agree fully with your last sentence however.

1 hour ago, Kingsmills said:

Very concerning. Not the fact that CB is continuing to take the huff but the state of our finances.

Unless we gain promotion this season or somehow attract a substantial injection of capital there is trouble ahead and not very far ahead at that.

Nothing in the accounts is surprising based on knowledge of reduction in income, ongoing reduction in crowds and the pressure on reducing the wage bill.

The Asset transfer has strengthened the balance sheet however it would be helpful to understand the monthly P&L and whether the run rates are improving.

Presumably we are still carrying a significant wage for a past manager?