Think someone mentioned this on another thread; £789,533 profit ! ! ! ! We'd be top of the accounting league.

Do you have the documents which shows this ?

Can be found on here.
https://find-and-update.company-informa ... ng-history

Cant make money with a football club so even though this is in the accounts it must all be lies. Guess the palace game helped a fair bit.

Wasteing ya time Billy.
They turn facts into made up shit.
Strange breed.
See were we are this time next season.
They probably think back in the EFL.

This time next year id like to think we are still in this league. Raj can say what he likes about the club being up for sale he is going nowhere till he takes more money back. Once the efl money goes then i reckon he will sell up or put us on the scrapheap.

All this nonsense about oh crowds dont make so much of a difference nowadays used as an excuse as to why we werent signing any quality. Well an 800k profit they certainly must of helped a fair bit that season.

Bang on.
Now the 2000 Stay away fans will be there next excuse for failurerism.

There's no actual Profit & Loss account report, so what led to the "profit" of £789,533 is shrouded in mystery. Even with Sage's £1.39million treated as capital, the company remains insolvent on paper, & Clarence 18 Ltd had £875,500 of its loan repaid by Pools during the year
How does the club have £193,843 of stock at 31 July? Is that Bovril?

Me
Billy
Impey
Essex n the other sensible posters avin a day in the pub would be great craic.

Even invite Snowy.
Id buy his Ribena all day and ratboy a big bag of biscuits.
But put our shin pads on incase his dummy comes out and sets the dog onto us.

Snowy can bring the bedsheets for us to write on ratboy says raj out.

as i can see it that profit looks as if it has been used for what raj said the extra cup revenues would be used for. reducing the debt which is below 2 million now. if i.m right thats bigger than scunthorpe. lower it gets then there is a bigger chance of a decent new owner coming in in the short or long term. things are certainly not great on the pitch but better financially off it than we were.

Did he say that? Why are people expecting players to be bought then? He wasn't selling the club until we got relegated. You are making massive unsubstantiated leaps here.

i,m sure at the time of fans asking where all the cup and increased gate money had gone at the time of expecting better signings he said that or implied that somewhere. i,m sure i could not have dreampt it.

The actual profit is over £800K and is disclosed in the accounts of the ultimate parent company - these accounts also disclose how many folk were on the payroll and how much was made from transfers.

As Poolie27 says on another thread, the monies generated have been used to pay down loans rather than reinvest - and that is Raj's choice.

£800,000 = Peanuts.

In fact he might have had no choice. When the deal was done to repay the debt to Sage to stop them pulling the plug and at least get some of their money back wasn't there an agreement that they were to be paid back over a number of years (12???) but any unbudgeted revenue such as money from transfers and cup runs had to be put towards clearing the debt. The financial year under discussion yielded a lot of money from those sources, our best year for ages, which would explain the amount of nearly £900k going against the debt.
Another question on the profit is was it declared before tax or after tax.
As the financial year was ended on July 31 and the fact that the bulk of our Season ticket sales takes place in June and July is that revenue in the figures or was it put in the accounts as a deferred payment.
My preference is, because it was debt that nearly put paid for us, paying off debt and trying to prevent it accumulating would be high priority. Owing money which they struggle to clear is usually the way some clubs get into trouble and eventually fail.

Who's actually benefitted from this bonanza season profit then? It's not enough to repay Raj, he initially put in £1.2m.
The profit has sensibly gone towards paying off debt, Raj said he'd give Askey a competitive budget and none of us know how much that is but I suspect it encompasses the hangers on like Hastie, Paterson, Finney, Ndjoli, et al. None of us know how much the players are on but Cooke and Hastie are reputedly on very good wedge for our standing. Then he further backed Askey by giving him a 3 year contract, and he's said more players will hopefully be coming in.
The bottom line is we are not a profit making club, we had a decent season of windfall money coming in, so no you don't invest in a football club to make money and certainly not into a club millions of pounds in debt. Otherwise where's the stampede to take the club off Raj's hands?

Nope

Not signing ANY quality. Are Dodds, Mancini, and Mani D not quality. Burton was acclaimed as quality so we signed him and didn't play him although we're desperately short of players. And lo and behold we loan him to Darlo and he's MOM in his first game. After we signed Seaman people were raving about him. He was showing quality. Last season we got the goalie from Leicester and Dan Kemp.

Would that figure include the compo for DC and the money from Leicester for the young goalkeeper we sold them?

And how much do we still owe SAGE?

Yes on DC if the money was paid in full in that season but quite a lot of the time money gets paid over longer than that.
Same applies with Young, it depends on the sale agreement.
Don't quote me but £1.39m has been mentioned re Sage.
The full detailed accounts are not filed at companies house only a shortened version. You need to find a shareholder and ask nicely to see them. Then you'll see everything.

Trouble is some won,t listen, Cause you are talking sense.

Your right its a paltry sum.

As i said above Talking sense so some won,t listen.

Some keep on claiming we have made this/that and the other quoting figures they don,t even know.

But when asked about expenditure, Nothing comes back.

Whats come in and whats gone out we have made a 800 k profit. Around 300k was given back to sage, 800 to rajs company. Im not sure what difference knowing whats going out makes it wont change the final figure mr greyhound. Its still 800 k.

Its a bit cheeky saying this seasons budget is better than King Daveys promotion season.
But the STs were on sale n the sun was out.
Just saying like not fishing for piranah bites.

One day someone might come in a harold hornsey type and show the fans a decent team again. The acceptance of whats going on is incredible.

You’ve been saying that since Raj arrived.

Only on here Billy.
Less than 10 of our fans from 5000 to 3300.
Different story in the pubs n work places.
Which is the real world.
Open for debate like.

Enjoy ya afternoon nap.
Or just respect the 5:03pm Ceasefire.
HaHa matey.
UTP.

Hornsey had to sell Pools to IOR because he didn’t have the funds to finance them, grasping at straws Mr Gloves

Certainly did…….charging my batteries……don’t worry, you’ll wake up from this dream too…..or it might just go on.

Way better team than what we have now. This cant go on.

And its still peanuts

He obviously never meant that, he simply stated that he couldn’t afford the cost of owning Pools anymore, I was there when Harold Hornsey said it, he was quite open about it.

I was also present when the Sir Harold of Hartlepool spoke with total honesty He was the only real Poolie since Vince Barker to own and truly care about the club.

I don't get it. Peanuts relative to what? ANY profit for a football club is pretty special. 800k is a lot of money to a National League club. Not getting you on this one.

It’s like plotting a chart at sea, something I did…you’d be asked to plot an ‘intercept’ and I’d ask for the time and location…but without either I can’t give a true answer …. it’s the same with these scenario’s.
Incomings v outgoings…when we have both sides of the equation we’ll know what we’re dealing with.
But we don’t, because we lack the reference points, so revert to supposition, which favours the personal viewpoint, which leads us nowhere.

Its peanuts when you make it but if someone said your losing 800k a season it certsinly wouldnt be.

It's peanuts when you're sat on £4.5m of debt though. Go back through the accounts and see how many seasons we've been debt free and making a pocket - the answer is likely to be zero. And you'd be mad to think that this season is going to be anything but loss making too.

Very true PTID…..but we can soon settle this…until someone with access to the accounts can tell us what income is and expenditure is… then simply take one from the other and you have your answer.
Simple.
However, as no one knows the two figures, we can’t.
So people speculate according to their prejudice or bias for their own perceived advantage.

There is truth there. I don't know where this 4.5m figure comes from. There are so many figures flying around depending on who interpreted the figures. I'm sure it could bex read in many ways depending on agenda and also published in a certain way to presentva sprcific picture. Just numbers to me, no idea.

Not quite true though. The level of expenditure manifests itself in many differet ways other than in the accounts. Some are obvious, and some are subtle. You don't need to see any accounts to know who the big spenders are in our division. There is enough chatter in the forums about it. You don't need to see our books to have s good stab at guessing where we are in n the spending stakes. Of course this is skewed a bit when you factor in the squandering lwe did last year and are tied into continuing this year.

‘Guess’ sums it up, but guess’s don’t prove anything.

Cant argue with that but when it was pointed out we made a profit it was scoffed at. Oh a 3rd division club cant make a profit. Well its their in writing its possible. Probobly need 4500 to 5000 crowds a trip to round 3 of the fa cup and a bit of luck. You dont get this scrimping on your first team though. When we had a decent team we got to a play off final if that final had been at wembly we would of made 3 to 4 times what we actually would of on that day at bristol.

But we didn’t play at Wembley,……… are we adding ’what ifs’ to the accounts now.

No but thats what happens if you have a good team, opportunities arise. Any other season it would of been at wembley. Its been proven the club can make money and some dont seem to now like that because it doesnt fit with their narratives that they have stuck with over the last few year.

Whatever the finances we are megarly underachieving.
Mite not even be the top North East non league team next season and that would be embarrassing n humiliation.
Maybe 1 division above Stockton Town.
Unbelievable

On a year to year basis we do not make profit, there are good years (with cup runs & transfer fees) but mainly we've gone through bad years.
Building a good team takes more than throwing money at the best individuals around, look at where that took the mighty Leeds for instance.
Even under good owners we've had many years of barely keeping our heads above water. In my near 60 years of being a Poolie I think IOR are the only ones who been able to chuck money at us. I would imagine it's highly likely that our next owners will be able / want to do the same.