Re: New sponsor Bartercard. : Wed Nov 05, 2014 6:26 pm  

Danger_mouse wrote:

Hull - run by a businessman plugging huge losses and trying to plug them with a knock down offer for the council owned ground.

Owls -£7m a year losses

Charlton - £5m a year losses

Bolton - £160m in debt

4 very badly run clubs that we'd happily slate on our forums. I wouldn't call any of them reputable clubs!

Charlton have a new owner as of 13/14 season. Last financial reports were done before that. Club's holding companies have -£11m and +12m. Owner is worth half a billion.

Last season Addicks used Bartercard to install 5000 new seats in stadium and relay the pitch. All done as a trade off for sponsorship, all VAT paid is reclaimed by the club in cash, so no VAT on any of those improvements. Excellent sponsor.

But yeah, slate away.

Re: New sponsor Bartercard. : Wed Nov 05, 2014 7:45 pm  

Trustafox wrote:

Charlton have a new owner as of 13/14 season. Last financial reports were done before that. Club's holding companies have -£11m and +12m. Owner is worth half a billion.

Last season Addicks used Bartercard to install 5000 new seats in stadium and relay the pitch. All done as a trade off for sponsorship, all VAT paid is reclaimed by the club in cash, so no VAT on any of those improvements. Excellent sponsor.

But yeah, slate away.

Me stating Charlton was a badly run club was an aside to the sponsor issue, with regards to BC claiming they weren't. A club losing millions per season is not well run just because the owner has deep pockets. Are Chelsea well run because they lose millions every year and are propped up by a rich man? What happens if the owner walks away? What happens if the owner loads debt on the club or takes ownership of assets like the ground to cover the investment?

And I see your point about the seats and the pitch, but why couldn't they have had that done and paid cash of they'd had a sponsor paying them cash? How do you know if they got best value using this payment method rather than cash?

Has the tax man signed off on that VAT arrangement, as if you read about BC you'll see a common complaint is the salesmen claim it'll all be VAT free but the tax office think differently! (Insert own joke about football club's dealings with the tax man here.)

If you read my other post explaining how BC works I've said it might not be a bad thing to get paid this way, if the club has the right circumstances to spend the credits and the person signing the deal has read the small print.

Re: New sponsor Bartercard. : Thu Nov 06, 2014 12:25 pm  

Hudd-Shay wrote:

Mousey....Go eat some cheese. ...preferably attached to a trap! Sportsman, shudds. Ilkley, Mary Jane 3.5% Mmm!

You're having a shocker with that one.

Re: New sponsor Bartercard. : Thu Nov 06, 2014 12:28 pm  

Bullseye wrote:

They used to sponsor us, then we went into admin..........


just sayin.....

...again!

One of Omar's that one.

Arguing with fans of the local football club about issues revolving around the clubs' ground. This could be the Huddersfield Forum or our forum. At least Huddersfield and Halifax play at the same ground as the local football team.

Re: New sponsor Bartercard. : Sat Nov 08, 2014 3:39 pm  

The Soccer Grubs cant keep away. You dont have any interest in the Rugby Club so bugger off. I couldnt give a stuff what the Ballet dancers do and have no reason to go and comment on their forum. Maybe they have no life to lead
Good to see different companys come on board and not just local ones neither. Sounds like a few more sponsors are backing the club this year which can only be good. The club needs more money coming in from whatever source.