Season Tickets

[Redalert1970]

Can someone tell me how much a season ticket cost in the stand this year (family section)

Im looking at getting a seated season ticket next year for the first time

Maybe im getting old lol

[marky No.1]

£319/£369

[lancaster shrimp]

Not for me. #NAPM

[Redalert1970]

Cheers Mark .. Thanks for the response

[marky No.1]

Cheers Mark .. Thanks for the response

Will be interesting how tickets are priced for next season

[Terrace Angel]

I'll be getting one regardless, and for my niece.

[Redalert1970]

Think they are due out 2 weeks tomorrow so will know the prices very soon

Think they will be similar prices too this season

[twosheds]

I'll be getting ours when they announce the early prices and dates when they go on sale...

[KenH]

What about the risk that whoever the owner is in May/June will just pocket all the season ticket money in repayment of loans and none of it left for wages/running costs for the season ahead? Presumably it will amount to several hundred thousand pounds.

[redrobo]

What about the risk that whoever the owner is in May/June will just pocket all the season ticket money in repayment of loans and none of it left for wages/running costs for the season ahead? Presumably it will amount to several hundred thousand pounds.

Very similar to the current owner, he /they can only access the club's accounts with the BoDs approval as has been said numerous times by our BoDs.

The majority of current interest on any loan is payable back on completion of any sale as I understand it.

[KenH]

What about the risk that whoever the owner is in May/June will just pocket all the season ticket money in repayment of loans and none of it left for wages/running costs for the season ahead? Presumably it will amount to several hundred thousand pounds.

Very similar to the current owner, he /they can only access the club's accounts with the BoDs approval as has been said numerous times by our BoDs.

The majority of current interest on any loan is payable back on completion of any sale as I understand it.

Yes, but they can simply not pay any advances/loans into the company, leaving the directors having to use the ST money to pay wages, bills, etc., and nothing left for the new season. Same effect. The ST money will probably only cover May and June wages and running costs if the owners don't put anything in. Without any guarantees of monies from the owners, the Board and Derek wouldn't be able to sign any players in Summer for the new season.

Remember that the owners can sack the Board any time they want and put their own directors in place, who will have the power to use any funds to pay whoever/whatever they want. Rod and Graham only have control/influence whilst they're directors which is basically at the "pleasure" of Jason at the moment.

Is the interest repayment terms guaranteed and written within the loan agreement? Most loans are repayable on demand unless there are repayment terms specified within the loan agreement. Any "verbal agreement" not to demand interest or repayment isn't worth a bean.

My suspicion is that the current and/or potential new owners are only wanting to asset strip the company. A few hundred K in season ticket money and the EFL parachute payments will be looking very attractive to them.

[KenH]

We'll be buying our STs via credit card to get the protection if the club goes under. If you pay by cash or debit card, no protection and could basically be lost money.

[Old Man Kensey]

I can imagine that if we do go down, with Jason still the owner, he just tells the board to use the parachute payment to fund the squad.

He then has to put little or no money in and the Board are left trying to balance the books once more.

[redrobo]

We'll be buying our STs via credit card to get the protection if the club goes under. If you pay by cash or debit card, no protection and could basically be lost money.

Probably the most sensible post of late. Payment via Credit Card offers the protection if things go wrong.

I always pay by Credit Card BUT always pay off within the month to save any interest charges.

[Keith]

The majority of current interest on any loan is payable back on completion of any sale as I understand it.

"As I understand it" is actually 'according to Whittingham'.

You may be correct. Whittingham may be telling the truth. But "truth" and "Whittingham" are uneasy bed fellows.

[BerlinWaller]

I'm far from a financial expert so if anybody knows their stuff please correct me.

What kind of investor gives Whittingham money to invest in a football club and all they want in return is worthless shares or for it to be written off?

[Hodgie1978]

It's the most ridiculous thing ever.

[Lurchy]

Keith, the Shrimps Trust analysis of the latest club accounts showed no money was taken out of the club by Jason that year. Only interest accruing.

[KenH]

Keith, the Shrimps Trust analysis of the latest club accounts showed no money was taken out of the club by Jason that year. Only interest accruing.

Yet the interest is shown as being paid on the cash flow statement which is designed to show the actual cash in/cash out of the company, so that indicates that it was actually paid. Maybe it was immediately loaned back to be added to the balance of loans?? If it hadn't physically been paid, it wouldn't be shown on the cash flow statement.

[Lurchy]

I personally would not have a clue. I was just going off what was said in this and looking at it again it seems to allign with what you are saying Ken.

https://drive.google.com/file/d/1-HL_o4 ... p=drivesdk

[Keith]

Keith, the Shrimps Trust analysis of the latest club accounts showed no money was taken out of the club by Jason that year. Only interest accruing.

Exactly as it say in the link you provided:

"The Club has reported a loss of £1,185,452 for the period, slightly better than the £1,261,331 loss in 2023. This figure includes interest charges of £275,814 (2023: £73,868)"

If none of that, more than a quarter of a million in interest, was paid to Whittingham, then who was it paid to? Who else has made loans to the club that do attract interest, while Whittingham is so benevolent?

Or, it is BS?

[Lurchy]

"While the cash flow statement lists a line for "interest paid," we believe that the interest has not
actually been paid in cash. Instead, it appears to have been rolled up into the loan with Bond Group
Investments, as shown in the reconciliation earlier in this report. Given that further injections have
been required from Bond Group, if the interest had been taken in cash, it would have simply been
replaced by money flowing back in the opposite direction"

This is the bit I was getting at. Please don't think I'm defending Jason. Its just my understanding of the situation (formed from the reading Shrimps Trust's treasurer , who is a qualified accountant, analysis of the accounts) he is not currently making money from MFC. Any profit will only be realised when the club is sold. The more he lends us from other people the bigger the price tag. And considering he is already asking too much we will only get in an even more screwed up position. So a sale soon or adminstration are the options. And with it dragging on as long as it has NAPM seems the only viable option for a lot of fans to force through either of these options.

[Keith]

"While the cash flow statement lists a line for "interest paid," we believe that the interest has not actually been paid in cash. Instead, it appears to have been rolled up into the loan with Bond Group
Investments, as shown in the reconciliation earlier in this report. Given that further injections have
been required from Bond Group, if the interest had been taken in cash, it would have simply been
replaced by money flowing back in the opposite direction"

This is the bit I was getting at. Please don't think I'm defending Jason. Its just my understanding of the situation (formed from the reading Shrimps Trust's treasurer , who is a qualified accountant, analysis of the accounts) he is not currently making money from MFC. Any profit will only be realised when the club is sold. The more he lends us from other people the bigger the price tag. And considering he is already asking too much we will only get in an even more screwed up position. So a sale soon or adminstration are the options. And with it dragging on as long as it has NAPM seems the only viable option for a lot of fans to force through either of these options.

Not thinking for a moment you are defending Whittingham, just, like the rest of us, trying to understand the situation.

I'm far from being a financial expert too, so I may be missing something simple. But, if the 'interest' is going out, then coming straight back in, by being added to existing loans, then shouldn't it appear somewhere as 'income'? An 'expenditure' that is covered by an 'income' in the form of additional 'loan'?
Or, it if it isn't an 'income' somewhere, then it isn't an 'expenditure' either?
Or, it is more smoke and mirrors from Whittingham?

[Redalert1970]

I've heard season tickets will be out on 21st / 22nd April.. Is that right.???

I will be getting one in the seats for a change

[marky No.1]

Can someone tell me how much a season ticket cost in the stand this year (family section)

Im looking at getting a seated season ticket next year for the first time

Maybe im getting old lol

£312 early bird