| Stockport 12:17 - Mar 31 with 2617 views | judd |
From Kieran Maguire on X:
Stockport County lost over £7 million in 23/24. Losses were underwritten by owner Mark Stott putting in £11m in the form of new shares. County spent over £640k on player signings. Total losses over the years now exceed £21 million. |  |
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| Stockport on 12:22 - Mar 31 with 2585 views | AtThePeake |
Shows how difficult it is to be competitive and sustainable in the lower leagues. County have increased ticket prices and are still selling out regularly and still so far away from being sustainable. |  |
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| Stockport on 13:20 - Mar 31 with 2427 views | kel |
A quote from one of their message boards -
“What can you do, other than cling on and enjoy the ride?”
Can’t quite recall where I’ve read that before. |  |
| “He was deliberately misleading the EFL” |
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| Stockport on 13:26 - Mar 31 with 2400 views | Dalenet |
| Stockport on 13:20 - Mar 31 by kel |
A quote from one of their message boards -
“What can you do, other than cling on and enjoy the ride?”
Can’t quite recall where I’ve read that before. |
Too true. Of all the local clubs - you'd think Stockport would be cautious about their financial sustainability following the fall and fall of their club after they had financially cheated to get promotion after our wembley play offs.
But then if you don't own the club, there isn't a lot you can do. |  | | |
| Stockport on 13:27 - Mar 31 with 2401 views | judd |
| Stockport on 13:20 - Mar 31 by kel |
A quote from one of their message boards -
“What can you do, other than cling on and enjoy the ride?”
Can’t quite recall where I’ve read that before. |
Vita Group heavily involved in student accomodation. | |
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| Stockport on 13:28 - Mar 31 with 2395 views | YadHoDale |
| Stockport on 13:20 - Mar 31 by kel |
A quote from one of their message boards -
“What can you do, other than cling on and enjoy the ride?”
Can’t quite recall where I’ve read that before. |
To be fair to the Stockport chairman, he's a local lad whose property development business does actually develop properties, rather than a fantasist chancer from out of town, many of whose properties didn't get off the backs of the fag packets they were designed on, as seen at a certain other nearby club... |  | | |
| Stockport on 13:32 - Mar 31 with 2383 views | kel |
| Stockport on 13:28 - Mar 31 by YadHoDale |
To be fair to the Stockport chairman, he's a local lad whose property development business does actually develop properties, rather than a fantasist chancer from out of town, many of whose properties didn't get off the backs of the fag packets they were designed on, as seen at a certain other nearby club... |
What was the Bolton bloke called who suddenly decided to stop throwing his money at them?
Didn’t stop them from nearly going pop. | |
| “He was deliberately misleading the EFL” |
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| Stockport on 13:51 - Mar 31 with 2309 views | judd |
| Stockport on 13:32 - Mar 31 by kel |
What was the Bolton bloke called who suddenly decided to stop throwing his money at them?
Didn’t stop them from nearly going pop. |
Was it Eddie Davies? | |
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| Stockport on 13:59 - Mar 31 with 2268 views | Dalenet |
| Stockport on 13:51 - Mar 31 by judd |
Was it Eddie Davies? |
Wasn't it Phil Gartside? | | | |
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| Stockport on 15:58 - Apr 2 with 1428 views | EllDale |
Fleetwood Town’s latest accounts (for 2023/2024) show a loss of £9.3 million.
Total losses are over £40 million but this is explained as being covered by a “parent loan”. | | | |
| Stockport on 16:57 - Apr 2 with 1336 views | judd |
| Stockport on 15:58 - Apr 2 by EllDale |
Fleetwood Town’s latest accounts (for 2023/2024) show a loss of £9.3 million.
Total losses are over £40 million but this is explained as being covered by a “parent loan”. |
The owner may have to cell, em, sell the club. | |
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| Stockport on 17:15 - Apr 2 with 1298 views | Dalenet |
| Stockport on 16:57 - Apr 2 by judd |
The owner may have to cell, em, sell the club. |
DIdn't the owner miraculously pass the full voting rights to his son as soon as he was jailed for fraud? And his son miraculously passed the EFL Owners and Directors test. What could possibly go wrong here?
Meanwhile Leicester City, who have previously gone bust twice before I think, and successfully argued they couldn't be challenged by the Premier League for breaching the PSR finance rules as they had fallen back into the EFL last season, have announced they lost a further £19m last season - although that was down from almost £100m the year before. Player sales was the reason for fall in losses - as we all know that isn't a sustainable position. But eh they will get away with it as they managed a yo-yo promo back to the Premiership.
Hurry along with the football regulator please | | | |
| Stockport on 11:53 - Apr 3 with 884 views | BarryStrange |
| Stockport on 13:32 - Mar 31 by kel |
What was the Bolton bloke called who suddenly decided to stop throwing his money at them?
Didn’t stop them from nearly going pop. |
Bolton are surely going that way again, having survived so very narrowly in 2019. Absolutely burning through money and seemingly unable to cover the loan that kept them going 6 years ago.
You'd have to think Stockport are in a similar boat to how Bolton were when Eddie Davies was putting the money in - fine as long as the bloke keeps doing it. But when he gets bored or his family need the money back the club has an unsupportable liability that any prospective new owner will find very unattractive.
And they still haven't put a roof on the away end.
And even the most well intentioned backer gets bored eventually - Lim did at Salford, who now have spiralling debts, and of course there is a patch of scrub land that used to be Nene Park which tells of what happened when Max Griggs had enough of paying for Rushden and Diamonds. | | | |
| Stockport on 12:20 - Apr 4 with 495 views | EllDale |
Colchester’s latest published figures show a loss for the season of £3.7 million making accumulated losses of £42 million.
All covered in the accounts by a “loan” from the owner of £37 million.
Crazy. | | | |
| Stockport on 12:50 - Apr 4 with 432 views | judd |
| Stockport on 12:20 - Apr 4 by EllDale |
Colchester’s latest published figures show a loss for the season of £3.7 million making accumulated losses of £42 million.
All covered in the accounts by a “loan” from the owner of £37 million.
Crazy. |
Good lad is Robbie, as he is known in these parts. | |
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| Stockport on 15:02 - Apr 4 with 231 views | Dalenet |
Forest Green Rovers have announced that they made an Operating loss of £3.2m for the financial year ending June 2024 - the season they were relegated to the National League. But what has surprised me is they claim a turnover of £7.9m with gates that are slightly less than ours. We never got to £7m even in League One and good cup runs/players sales etc. But to make a loss of £3.2m when your turnover was £7.9m is stageering for what was a league two club. Of course they are backed by a weathly owner. | | | |
| Stockport on 15:16 - Apr 4 with 202 views | fermin |
Of course, we now have a wealthy owner, so I presume the Ogdens are donating money rather than loaning it. If we are criticising other clubs then we need to be clear how our finances are different to them. |  | | |
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