Re: Dane Manning : Sat Nov 12, 2016 9:20 pm  

How do you know that the shop revenue does not go to the Club?

Re: Dane Manning : Sat Nov 12, 2016 9:49 pm  

burybabe wrote:

How do you know that the shop revenue does not go to the Club?

Because it goes to 1HX sports.

Re: Dane Manning : Sun Nov 13, 2016 7:31 am  

Pellon Boy wrote:

Because it goes to 1HX sports.

Not really answered the question there Pellon Boy - how do YOU know that it doesn't go to the club????

Re: Dane Manning : Sun Nov 13, 2016 12:55 pm  

Inoffski1 wrote:

Not really answered the question there Pellon Boy - how do YOU know that it doesn't go to the club????

Well. As there isn't any particular dialogue from the board, to us £20 a pop fan, one can only speculate.

Now, what to do with that spare £20?

Re: Dane Manning : Sun Nov 13, 2016 2:44 pm  

As I understand it, kit to the value of £15000 was supplied to the club by 1HX Sport at no cost to the club. So while no cash changes hands, the club receives goods instead. That is the basis of the agreement between the parties.

To my mind that is a lot of money that the club does not have to find every year, but like any business it has to be recouped from somewhere. I would speculate that 1HX do not make much, if any profit, probably having to sell circa 600 adult replica shirts every year to cover the cost of the kit provided to the club.

And who is to cover the cost of any unsold items in the shop at the end of the season?? I bet the club don't!!

Re: Dane Manning : Mon Nov 14, 2016 9:28 am  

1HX sports has only one director Mr Ian Croad. Who is also a long standing director of the club and I believe a specialist in textiles/clothing.

The accounts as at 31/10/15 show an accumulated loss of £21,512, up from £17,034 the previous year.

So unless Mr Croad, or someone else is being paid a large amount from the company it doesn't look like a money making operation. However with the abridged accounts it is impossible to understand turnover and how much it pays, to who, for its clothing and any margins made on production of clothes.

Nonetheless, it is once again a case of "best guess" without formal information.

Re: Dane Manning : Mon Nov 14, 2016 9:39 am  

They're abbreviated accounts, not abridged. Abridged accounts are very new and few companies, if any, will have filed them yet.

Also, as Dbvada says, the losses are cumulative, so this year's loss is the difference between £21512 and £17034 - or just under £4500 for those without calculators to hand.

Previous year's loss was around £11500.

Re: Dane Manning : Mon Nov 14, 2016 4:24 pm  

Well one thing is for sure, they won't be getting anything from the sale of Dane Manning shirts.

Re: Dane Manning : Fri Nov 18, 2016 12:56 pm  

Had a few hiccups in relation to him being our player but thankfully now sorted and will formally become our player today on a 2 year contract. We are delighted now with our 29 man squad. Was finished at 28 players really but when chance to sign such a quality player from a big rival came had to push boat out and get him back where he belongs!!

Re: Dane Manning : Fri Nov 18, 2016 5:09 pm  

hooligan27 wrote:

Had a few hiccups in relation to him being our player but thankfully now sorted and will formally become our player today on a 2 year contract. We are delighted now with our 29 man squad. Was finished at 28 players really but when chance to sign such a quality player from a big rival came had to push boat out and get him back where he belongs!!

Is that a quote from the Batley site or what?