Search Sort Posts:  Oldest to newest Newest to oldest

07/10/2008, 10:09 PM crafty canary Joined on 03/08/2005 Posts 314 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets!  Mello Yello wrote: I assumed the "Yellows" refurbishment, was financed by Delia's dosh? I remember some Male 'Top Celebrity Chef'' attending the official opening of the place......Did she fork out? Or didn't she?  Marco Pierre White was the chap you're thinking of. How do I know? Because Saint Cookie's TV series uses Carrow Road as the backdrop and there was Cookie with MPW discussing how burger and chips are to fine dining what Escoffier used to be. Personally I'm fed up with our club being a marketing tool for Cookie's cookery business. Spend the money on the team you belligerent old trout! Scourge Of The Scum    Report

07/10/2008, 10:15 PM gazzathegreat Joined on 18/08/2003 Shadow of the Barclay Posts 3,651 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets! LQ - okay we might have needed a new scoreboard - and yes, Scores was a bit run down, but it was mainly a bar for kids to run up and down in before the game, get a bag of chips (sorry fries!). Now it's a very posh pseudo New York bar (and really nothing like a real one in New York, or anywhere else in America). None of your examples were totally necessary, while however the purchase of a few players was. It certainly won't be the scoreboard or the burger bar which save us from another dismal campaign, though no doubt the scoreboard will remind us of a few of the results.    Report

07/10/2008, 11:07 PM Gee Joined on 11/07/2007 Posts 2 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets! Do the club ever produce figures showing increases in revenue following these investments?  This is fairly simple Return On Investment business practice and would really demonstrate the wisdom of these questionable investment decisions and answer fans concerns. I suspect not. Anyway, a few points regarding the above:  1) I occasionally go into yellows during the week for lunch, at least 50% of the time customers are outnumbered by staff (and this is at lunch when you could assume it would be busy).  If it doesn't make money then why open it? 2) Do we get more advertising money?  The change on the scoreboards to me is minimal to say the least.  I would suggest that we would get much more advertising revenue if we were in the premiership with the old board being carried around the pitch ! 3) No, but you can lease it. In summary, nothing wrong with spending the money if the club can demonstrate that it is paying back more in the short term to build a team capable of winning.  This is after all nothing more than any business needs to do.    Report

07/10/2008, 11:18 PM Canary Wundaboy Joined on 29/08/2005 Posts 465 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets!  Smudger wrote:  WeAreYellows49 wrote:  Stevee Wonder wrote: Can you not see that most of these improvements have been done to increase the revenue, they're not just wasting money!!! The refurbishment of Yellows means it's now a restaurant every day, not just a little matchday place. The scoreboards mean that we can get more money from advertising on them. And the gym equipment, well, it's got to be done. You can't just have old equipment.   So, can someone please answer me this.... What was wrong with spending this money?   Nothing if we had a half decent team full of our OWN assets.  What matters most to me is what goes on financially on the pitch not off.  Ohhhhhhh so we have a lovely scoreboard, that's just fantastic lol.  I don't care if we have no players because I can sit and watch the scoreboard for 90 minutes Watching our lovely scoreboard ain't much fun when it says Norwich 0 - every time we play at home is it??? Bingo. A Norwich fan, once again living in Norwich.    Report

08/10/2008, 12:02 AM nutty nigel Joined on 27/08/2006 "Yeah, Marbles, rumoured by you, you mean!" Posts 5,002 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets!  Canary Wundaboy wrote: Bingo. Now there's an idea. We could play in Yellows before and after the match, and perhaps by using those posh new scoreboards at half-time. Yes I can see it now - packed stands of captive punters all checking their cards, a full house looking for a full house you could say. Of course it would have to be "licensed callers" only   Big Up to DIXMAR RACING who sponsor the Pink 'n Posters Picks! Check them out 01603 424936. Join in the Free Bet Thread each week to raise more money for The Academy.    Report

08/10/2008, 12:35 PM The Judge Joined on 12/02/2006 Posts 192 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets! I'd be happy if they 2 people walking around with a wooden score board like they used to if it meant we could buy some better players !! Surely you can see Stevie (or perhaps you can't) that although most us see the benefit of all these nice new restaurants, score boards, stands, offices, roads, land, hotels etc etc etc - we didn't and don't want our money to be spent on these things rather than the team - it is them after all what we go to watch every week !! Season after season over the past 10 years we have spent more money on "tangible fixed assets" rather than the team - and that strategy is exactly why we are in the position we are now. Even after the crap season we had 2 years ago the board merrily continued with this strategy by spending another £1m on "fixed assets" last season whilst we still made a trading profit on player sales and purchases.....can you not see this strategy has been doomed to failure for a number of years. The tradegy is that even a little as one season ago they still could see it.......amazing incompetent in my view Some people argue that Delia's only crime is that she is not rich enough - Boll*#ks - we have had the money over the past 5 seasons to be in a much better competitive position on the pitch and in less debt off it - its just our board have chosen in their wisdom to take the path they have and therefore they are totally at fault for the position we find ourselves now.      Report

08/10/2008, 12:54 PM T Joined on 25/09/2007 Posts 552 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets! The catering  business is profitable, the stands are full and generate a return, the offices are rented out and generate a return, the Road/land deal is expected to generate a significant profit and the hotel was not paid for the club so the argument does not stand up at all. This expenditure was primarily financed by loans which would only be available for infrastructure not players and allow the club to generate additional revenue to fund players as gate receipts are insuffecient. Providing your return exceeds the cost of money they benefit the club . That is how all businesses and football clubs work. The likes of Watford and Crststal Palance are suffering from lack of investment in infrastructure - ManU and Arsenal are benefiting from the investment in infrastructure. They is obviously a balance between long term and short term expenditure but I'm afraid the argument demonstrates an amazing lack of basic business and financial knowledge rather than a valid criticism of the board.    Report

08/10/2008, 12:59 PM BGG&YPOS Joined on 27/04/2008 Dickleburgh Posts 184 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets! Obviously Delia mis-interpreted what people were saying when she heard people saying that we need to change the Board.    Report

08/10/2008, 3:04 PM The Judge Joined on 12/02/2006 Posts 192 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets!  T wrote: The catering  business is profitable, the stands are full and generate a return, the offices are rented out and generate a return, the Road/land deal is expected to generate a significant profit and the hotel was not paid for the club so the argument does not stand up at all. This expenditure was primarily financed by loans which would only be available for infrastructure not players and allow the club to generate additional revenue to fund players as gate receipts are insuffecient. Providing your return exceeds the cost of money they benefit the club . That is how all businesses and football clubs work. The likes of Watford and Crststal Palance are suffering from lack of investment in infrastructure - ManU and Arsenal are benefiting from the investment in infrastructure. They is obviously a balance between long term and short term expenditure but I'm afraid the argument demonstrates an amazing lack of basic business and financial knowledge rather than a valid criticism of the board. These activities may well generate a return T, but when you take in to consideration the amount of money spent to put these things in place - when are they going to make a profit over the initial investments ??- a damn long time I bet you. I haven't seen the accounts so can't comment specifically but I understand the catering side of things generated a sizeable 5 figure sum last year, however it cost millions to set up the various catering activities at the club in the first place. Similarly how much are they recieving in rent for the office space ? - how long will it take to recoup the circa £1m it took to refurbish them in the first place last year etc etc..you rightly state that these things were "primarily" financed by loans which would only be available for infrastructure - but these loans need to be paid back (long term or short term) yes they may become self financing in the future but until that time the loans have to paid from other incomes...   So as for lack of basic business and financial knowledge - i don't profess to be an expert but I do understand that you need to take into consideration the set up costs of any activity before you can truely acknowledge the value they have bought to the club. and as I said - no-one disagrees that these things are nice to have and in the future will generate some addtional revenue, but as you have acknowledged yourself this in my view has happened too quickly, the board have been obsessed with off field investment (admitted by Mumby last year) at expense of the team. No team or lack of success of the team and the all the "nice to have" off-field activities will suffer accordingly. Comparing us to Man Utd and Arsenal is taking it abit far - they have successful teams so its only natural that associated off field activities will rake in the cash. People naturally want to be associated with success - having a corporate day out (with associated meal drinks etc) at Man Utd has far greater appeal to Joe Public than one at Carrow Road at the moment.  So I stand by what I said - the board have chosen this strategy and are blame for the state of our squad. However what they have done is by putting all the infrastucture in place have made the club a very attractive proposition for someone wanting to buy into a Championship football club - thanks to them for that but now its time for them to move aside and someone to take the football side of the club onwards and upwards.        Report

08/10/2008, 4:12 PM T Joined on 25/09/2007 Posts 552 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets! Judge thanks for your response: I've run the figures for the key investments based on the info. in the accounts and response to questions to ND when I was bored one day. The stands and the restaurants are all cash positive ( ie revenue less operating costs less loan repayments less interest) so generate a positive return in the short and long term and are therefore available to contribute to the player budget. The offices are profitable but  your point does apply here as they have a marginally negative cash effect including the loan repayments in the first few years and then generate cash. The land deal is costing 3k a week interest but is expected to generate millions of cash when it is sold. So I've run the figures and this money wasted on infrastructure line does not stand up to analysis. Obviously the return on scoreboards and conservatories is a lot more subjective in terms of measuring the impact on additional revenue from attrracting crowds and players and is open to question. The scale of ManU and Areenal is completely different but the same principle applies - if an investment generates a return it is a good thing although obviously sometimes you are right that the benefits are long term rather than short term but then I've far more respect for Warren Buffet than short-sellers. So the numbers actually say that the Board's strategy are contributing to the state of the squad rather than the other way around and the criticism of the Board on this point does not stand up to analysis. You are right that it also makes it more attractive to buyers as the money on infrastructure haas already been spent. I do agree though and the Board also appears to agree that it needs someone richer to take the club forward in the current football climate. However, that is easier said that done to attract a buyer when NCFC as most other football clubs are loss making.    Report

08/10/2008, 4:22 PM The Butler Joined on 02/01/2008 back stairs Posts 618 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets!  T wrote: Judge thanks for your response: I've run the figures for the key investments based on the info. in the accounts and response to questions to ND when I was bored one day. The stands and the restaurants are all cash positive ( ie revenue less operating costs less loan repayments less interest) so generate a positive return in the short and long term and are therefore available to contribute to the player budget. The offices are profitable but  your point does apply here as they have a marginally negative cash effect including the loan repayments in the first few years and then generate cash. The land deal is costing 3k a week interest but is expected to generate millions of cash when it is sold. So I've run the figures and this money wasted on infrastructure line does not stand up to analysis. Obviously the return on scoreboards and conservatories is a lot more subjective in terms of measuring the impact on additional revenue from attrracting crowds and players and is open to question. The scale of ManU and Areenal is completely different but the same principle applies - if an investment generates a return it is a good thing although obviously sometimes you are right that the benefits are long term rather than short term but then I've far more respect for Warren Buffet than short-sellers. So the numbers actually say that the Board's strategy are contributing to the state of the squad rather than the other way around and the criticism of the Board on this point does not stand up to analysis. You are right that it also makes it more attractive to buyers as the money on infrastructure haas already been spent. I do agree though and the Board also appears to agree that it needs someone richer to take the club forward in the current football climate. However, that is easier said that done to attract a buyer when NCFC as most other football clubs are loss making. How dare you T. A sensible approach an unbiased view of what has happened. Shame on you sir.Smudge and co will be baying for your blood as a board lover.   The past is only a reflection of our own time    Report

08/10/2008, 5:07 PM Canary Nut Joined on 03/08/2005 Posts 1,422 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets!  T wrote:  The land deal is costing 3k a week interest but is expected to generate millions of cash when it is sold. Note the word CASH - yes it should raise millions of CASH when its eventually sold (hopefully) but that doesn't mean there will be a PROFIT on the £6.4m spent to date.   Where are the good experienced strikers? ---------------------------------------- Stagnation/decline with Delia's NCFC.    Report

08/10/2008, 5:11 PM Canary Nut Joined on 03/08/2005 Posts 1,422 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets! BTW. in my discussions about the spend on Tangible Fixed Assets, I have not included the Jarrold stand because i have treated it as a critical fixed assets and nor have I included the Hotel. These two assets are therefore red herrings in the discussuion.   Where are the good experienced strikers? ---------------------------------------- Stagnation/decline with Delia's NCFC.    Report

08/10/2008, 5:25 PM Greg Sayer Joined on 29/10/2003 Norwich Posts 438 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets! the scoreboards only cost £70k or in real terms andy hughes left leg. what would you rather have? Better Smeg then dead    Report

08/10/2008, 5:39 PM SNAP Joined on 11/07/2008 Posts 22 Re: Another £1m+ spent on non entertaining Tangible Fixed Assets!  Canary Nut wrote: Yes, folks don't worry about the squad needing good strikers lets spend £1060k (per note 12 Tangible Fixed Assets, page 23 of the NCFC. Plc. Annual Report for the year ended 31 May 2008) during the 2007-2008 season. The top of page 9 refers to :'During the year the group has incurred expenditure of £947,000 on improvements to the stadium and training facilities including the refurbishment of Yellows restaurant, updating the gym at Colney and a new scoreboard.' I'll bet you won't find clubs like Crystal Palace "wasting money" like this! There's an example of how a club and it's ground should be run. "Treat 'em mean and keep 'em keen" - that's Mr Jordan's attitude. We could do with more of that approcah at Carrow Road. What was wrong with the smell of burning stale grease wafting gently out of Scores, mingled as it was with the tangy hint of fag smoke? Who remembers the old score boards in the corners? Why didn't they go back to them instead of these new electricity guzzling new ones? They had letters A-Z on, and a man climbed up and hung the half time scores against the letters. It would improve programme salesas well because the only way to know what letter represented what result was to buy one. The trouble with modern supporters is they don't know when they are well off! Bring on Simon Jordan I say. ....and before everyone leaps onto the attack - I'm kidding, of course they need to spend money on little luxuries. How else can we attact recovering or elderly loan players to spend six months of the year at Dunston Hall? Now that's a bill I'd like to see itemised if I were a shareholder!    Report

Page 2 of 8 (115 items) < 1 2 3 4 5 > ... Last »

pink'un » Have Your Say » Main Discussion... » Re: Another £1m+ spent on non entertaining Tangible Fixed Assets!

(Quick links) Forums Home |- Search Forums |- Active Topics |- Unanswered Posts User Options |- Sign In |- Join this community |- Forgot Password Have Your Say |- Announcement |- Main Discussion - Norwich City |-- Transfer Talk |- Other football |-- Huckerby at San Jose |- King's Lynn and Local Leagues |- It's not just football! |- User Polls Football Community |- Looking for a club or player? |- Noticeboard |- Football Chants |- Team-mates