Post AGM update.
Posted: Mon Feb 11, 2019 5:18 pm
The number one Darlington FC fan's website
https://www.darlofc.co.uk:443/forum/
https://www.darlofc.co.uk:443/forum/viewtopic.php?f=2&t=37276
Why did it catch my eye?. Additionally, two significant commercial opportunities that we budgeted for are yet to be received by the Football Club.
spen666 wrote:Maybe a silly question, but this remark caught my eye... and was I think mentioned at last net cafe
Why did it catch my eye?. Additionally, two significant commercial opportunities that we budgeted for are yet to be received by the Football Club.
It reads as though the commercial opportunities are still expected to happen and not been written off.
Any idea what these opportunities are?
Easier to comment on social media if you get more facts, presume that's why Spen lurks around here.footifan wrote:spen666 wrote:Maybe a silly question, but this remark caught my eye... and was I think mentioned at last net cafe
Why did it catch my eye?. Additionally, two significant commercial opportunities that we budgeted for are yet to be received by the Football Club.
It reads as though the commercial opportunities are still expected to happen and not been written off.
Any idea what these opportunities are?
Why should it worry you ?
Did you contact Coles who offered?Quaker85 wrote:Contact the supporters group?
As I mentioned on the other thread, I did 3 times. All gone unanswered
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Hi Quaker85,Quaker85 wrote:Contact the supporters group?
As I mentioned on the other thread, I did 3 times. All gone unanswered
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Ah no I missed that post for some reason.super_les_mcjannet wrote:Did you contact Coles who offered?Quaker85 wrote:Contact the supporters group?
As I mentioned on the other thread, I did 3 times. All gone unanswered
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Agree with this, I'm a 500 club member and there is still one more season to go after this one. A significant part of our financial problems is down to the club not getting any revenue from a major slice of our support. Yes re-doing the 500 club may resolve our immediate financial troubles, but it would just store up more problems in the near future.poppyfield wrote:Not sure I like the idea of looking at the 500 club again, I know its a way to get early monies into the club, but its like re-mortgaging your house the debts still there, so just impact future seasons
I am a 500 club member and think I've still got another season to go (lost count) it just seems so long ago that the money raised then still impacts the club on a seasonal basis, but I am sure some will want extend again.
Darlo_Pete wrote:Agree with this, I'm a 500 club member and there is still one more season to go after this one. A significant part of our financial problems is down to the club not getting any revenue from a major slice of our support. Yes re-doing the 500 club may resolve our immediate financial troubles, but it would just store up more problems in the near future.poppyfield wrote:Not sure I like the idea of looking at the 500 club again, I know its a way to get early monies into the club, but its like re-mortgaging your house the debts still there, so just impact future seasons
I am a 500 club member and think I've still got another season to go (lost count) it just seems so long ago that the money raised then still impacts the club on a seasonal basis, but I am sure some will want extend again.
I believe that most of the 500 club did not take up the extension proposed a year or two ago. So a lot of us will drop out at the end of next season, which will give a considerable boost to our finances from the start of the 20/21 season as we buy season tickets. So for the next year and a half it will be tough, but there is light at the end of the tunnel. If the club does want to start a new offer, perhaps they could limit the offer to a smaller number like 100 to 150 fans, so giving a short term boost to finances, but it won't cause so many problems in the future with reduced income.spen666 wrote:Darlo_Pete wrote:Agree with this, I'm a 500 club member and there is still one more season to go after this one. A significant part of our financial problems is down to the club not getting any revenue from a major slice of our support. Yes re-doing the 500 club may resolve our immediate financial troubles, but it would just store up more problems in the near future.poppyfield wrote:Not sure I like the idea of looking at the 500 club again, I know its a way to get early monies into the club, but its like re-mortgaging your house the debts still there, so just impact future seasons
I am a 500 club member and think I've still got another season to go (lost count) it just seems so long ago that the money raised then still impacts the club on a seasonal basis, but I am sure some will want extend again.
Like you say, continuing to extend the 500 club period builds up future income shortfall, but the other side of it is that it plugs any current income shortfall.
If you do not extend the 500 club period, then how do you plug the financial shortfall in the short term? ie what is going to replace the income today that the 500 club would provide?
Once any business starts spending income related to a "future" period, then it becomes difficult to stop doing this. pulling forward income is usually (not always) masking current financial cash flow issues.
spen666 wrote:Darlo_Pete wrote:Agree with this, I'm a 500 club member and there is still one more season to go after this one. A significant part of our financial problems is down to the club not getting any revenue from a major slice of our support. Yes re-doing the 500 club may resolve our immediate financial troubles, but it would just store up more problems in the near future.poppyfield wrote:Not sure I like the idea of looking at the 500 club again, I know its a way to get early monies into the club, but its like re-mortgaging your house the debts still there, so just impact future seasons
I am a 500 club member and think I've still got another season to go (lost count) it just seems so long ago that the money raised then still impacts the club on a seasonal basis, but I am sure some will want extend again.
Like you say, continuing to extend the 500 club period builds up future income shortfall, but the other side of it is that it plugs any current income shortfall.
If you do not extend the 500 club period, then how do you plug the financial shortfall in the short term? ie what is going to replace the income today that the 500 club would provide?
Once any business starts spending income related to a "future" period, then it becomes difficult to stop doing this. pulling forward income is usually (not always) masking current financial cash flow issues.
Darlopartisan wrote:spen666 wrote:Darlo_Pete wrote:Agree with this, I'm a 500 club member and there is still one more season to go after this one. A significant part of our financial problems is down to the club not getting any revenue from a major slice of our support. Yes re-doing the 500 club may resolve our immediate financial troubles, but it would just store up more problems in the near future.poppyfield wrote:Not sure I like the idea of looking at the 500 club again, I know its a way to get early monies into the club, but its like re-mortgaging your house the debts still there, so just impact future seasons
I am a 500 club member and think I've still got another season to go (lost count) it just seems so long ago that the money raised then still impacts the club on a seasonal basis, but I am sure some will want extend again.
Like you say, continuing to extend the 500 club period builds up future income shortfall, but the other side of it is that it plugs any current income shortfall.
If you do not extend the 500 club period, then how do you plug the financial shortfall in the short term? ie what is going to replace the income today that the 500 club would provide?
Once any business starts spending income related to a "future" period, then it becomes difficult to stop doing this. pulling forward income is usually (not always) masking current financial cash flow issues.
I think the short fall could be achieved by more work been done around the season ticket ‘offer’ I am sure fans on here could come with imaginative ways to make it more of ‘a no brainer ‘ to get one.
you basically paid a lump sum and got a 5 year season ticket, the club got a wedge of money to help us through a period were we needed a good injection of cash at the time , this first offer expires in the 19/20 season, some members paid for a years extension, (not sure how many) the thing with 500 club it impacts on the normal sales of season tickets, which 500 club members would usually buy.Quaker85 wrote:What were the terms of the original 500 club scheme?
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Playing devils advocate is there any difference to spending that income now rather than in 2/3/4 years? Maybe that extra spend this season has allowed us to stay in the NLN rather than get relegated. As it’s much easier to stop up than get promotion would it not be then considered a smart thing to do to have spent a little now to ensure we remain in the league rather than get relegated and then have the income in 2/3 years that still doesn’t get us up?H1987 wrote:It does feel like we're just kicking the can down the road a little. I'd prefer we move away from the 500 club model. I'm not sure I have a solution, but we can't just keep gambling for short term gain. It was probably right at the time, but i'm not entirely sure the one year extension was the right course of action either.
Selling more season tickets for a future season is still substitutionalising revenue we would have had next season, and you have to sell a damn site more to make the revenue that 20/30 500 club tickets would.Darlopartisan wrote:spen666 wrote:Like you say, continuing to extend the 500 club period builds up future income shortfall, but the other side of it is that it plugs any current income shortfall.Darlo_Pete wrote:Agree with this, I'm a 500 club member and there is still one more season to go after this one. A significant part of our financial problems is down to the club not getting any revenue from a major slice of our support. Yes re-doing the 500 club may resolve our immediate financial troubles, but it would just store up more problems in the near future.poppyfield wrote:Not sure I like the idea of looking at the 500 club again, I know its a way to get early monies into the club, but its like re-mortgaging your house the debts still there, so just impact future seasons
I am a 500 club member and think I've still got another season to go (lost count) it just seems so long ago that the money raised then still impacts the club on a seasonal basis, but I am sure some will want extend again.
If you do not extend the 500 club period, then how do you plug the financial shortfall in the short term? ie what is going to replace the income today that the 500 club would provide?
Once any business starts spending income related to a "future" period, then it becomes difficult to stop doing this. pulling forward income is usually (not always) masking current financial cash flow issues.
I think the short fall could be achieved by more work been done around the season ticket ‘offer’ I am sure fans on here could come with imaginative ways to make it more of ‘a no brainer ‘ to get one.
Any progress on the on-line “donation” scheme for a match day ticket? Could even be extended for things like season tickets and fund-raising evenings (for those who can’t attend)divas wrote:Playing devils advocate is there any difference to spending that income now rather than in 2/3/4 years? Maybe that extra spend this season has allowed us to stay in the NLN rather than get relegated. As it’s much easier to stop up than get promotion would it not be then considered a smart thing to do to have spent a little now to ensure we remain in the league rather than get relegated and then have the income in 2/3 years that still doesn’t get us up?H1987 wrote:It does feel like we're just kicking the can down the road a little. I'd prefer we move away from the 500 club model. I'm not sure I have a solution, but we can't just keep gambling for short term gain. It was probably right at the time, but i'm not entirely sure the one year extension was the right course of action either.
I agree that of course you want to be in a position where you don’t have to do this but every business needs some headroom in order to cover shortfalls. In the absence of donations this seems to be the strategic way the club has chosen to cover these
If anyone would like to make a donation to cover the shortfall this season then it would be welcomed with open arms. I’m sure they don’t WANT to have to do this.