Dylan
First team substitute
Posts: 6,333
Favourite CUFC player: Dion Dublin
Favourite CUFC match: CUFC v AFC Halifax 04.05.14
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Post by Dylan on Feb 9, 2016 7:01:28 GMT
Was it stated exactly how much we made from the FA Cup run last year? I was under the impression it was around £2 million. Any word form the club? £1.3m.
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Dylan
First team substitute
Posts: 6,333
Favourite CUFC player: Dion Dublin
Favourite CUFC match: CUFC v AFC Halifax 04.05.14
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Post by Dylan on Feb 9, 2016 7:06:23 GMT
It really was the most positive Shareholders meeting I have attended since becoming a shareholder 11 years ago. my additional ramblings to those excellent accounts above of what was said at the meeting last night: 3 years ago we were making a loss of £450,000 a year This year we made a profit of £1.3 million which was largely the FA Cup money however we would have broke even without tha cup run. We haven't "Spunked" the money on players we have kept to our structure and kept some back towards the funding of the Habbin redevelopment. The last time we made anything like that sort of profit was when we sold Alan Biley which helped to fund the extension of the Main Stand. We have brought on board 2 local Business men with a wealth of business knowledge including a new Finance Director Steve Chamberlain. Jez talking about our youth development said that we have some talent coming through that are attracting interest from the "Big" Premier League teams and because of our set up one lad and his family chose for him to stay with Cambridge United when approached by one of the big teams. This is largely down to the fact that we are regularly playing against Man City, Arsenal, Spurs, Chelsea etc. It won't be too much longer before some home grown talent emerges from within the ranks. We are growing our youth development area footprint and are forging links with Astrazeneca through our community program and are forging new deals with "Large" companies ready for next season. Also Dave Doggett spoke with me regarding Simon Dobbin and the Club have kept in regular contact with his wife and are continuing to look to support Simon and his family with the possibility of a music evening to raise more funds in the future. Whatever we say about the Club we are moving forward both on and off the pitch. All sounds great. Hard to believe there's been so much whinging about the club on here. A bit of gratitude for the job being done by our current custodians sounds about right.
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utopia
Reserve team regular
Posts: 3,065
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Post by utopia on Feb 9, 2016 7:09:49 GMT
So "cash flow deficit" means overdraft. Instead of having an overdraft in the summer we will have cash in the bank during winter. If 1/3rd of the profit went towards this it suggests that the overdraft was large.
The two new directors sound good.
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lxmanuk
On trial
Chair of CUSP
Posts: 216
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Post by lxmanuk on Feb 9, 2016 7:19:33 GMT
I would guess yes a large overdraft but also you can't ignore the directors loans of £370k which have been turned to shares as these as well could have been used to help cash flow.
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Post by mrslatts on Feb 9, 2016 7:43:15 GMT
Was it stated exactly how much we made from the FA Cup run last year? I was under the impression it was around £2 million. Any word form the club? £1.3m. I thought 1.3 million was the profit we made for the season, taking into account such things as ground improvements. As such we made more than that on our FA Cup run, but have already spent a proportion of it on the said ground improvements.
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Dylan
First team substitute
Posts: 6,333
Favourite CUFC player: Dion Dublin
Favourite CUFC match: CUFC v AFC Halifax 04.05.14
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Post by Dylan on Feb 9, 2016 7:54:39 GMT
Ah yes, you could be right. 'Don't know' should have been my response!
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Post by richardg on Feb 9, 2016 8:00:46 GMT
If we are looking at a similar revenue this year can one assume a profit again ? I wonder what plan b is, smaller housing and spitting village perhaps ? More houses on the NRE end ?
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utopia
Reserve team regular
Posts: 3,065
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Post by utopia on Feb 9, 2016 8:14:25 GMT
Plan b is surely appealing the decision as far as possible. South Cambs need to be brought into line. They're a rogue council.
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Lobster
Youth team substitute
Posts: 680
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Post by Lobster on Feb 9, 2016 8:26:10 GMT
Plan b is surely appealing the decision as far as possible. South Cambs need to be brought into line. They're a rogue council. GE and the club need to go for the jugular they have been paying lip service to these wankers on the councils for far too long.
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Post by uchatbox1 on Feb 9, 2016 9:09:47 GMT
So "cash flow deficit" means overdraft. Instead of having an overdraft in the summer we will have cash in the bank during winter. If 1/3rd of the profit went towards this it suggests that the overdraft was large. The two new directors sound good. Cash at Bank 30/06/15 £1,270,493. 30/06/14 it was £16,865
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Post by Jerry1971 on Feb 9, 2016 9:57:30 GMT
Plan b is surely appealing the decision as far as possible. South Cambs need to be brought into line. They're a rogue council. GE and the club need to go for the jugular they have been paying lip service to these wankers on the councils for far too long. Be a little cautious my crustacean friend. From DD's comments it sounds very much like Cambridge City Council are in favour of the plans. Ire should be directed at those in the provinces! The quicker we have a unitary authority for the wider Cambridge City & sub-region the better.
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Zinedine
Youth team substitute
Posts: 660
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Post by Zinedine on Feb 9, 2016 10:16:11 GMT
SCDC are often completely unreasonable when it comes to planning, so hopefully we can use Grosvenor's cash to appeal any block they put on the plans. It's quite ridiculous that it has anything to do with them anyway given that the sporting village site is inside the M11.
The appointment of Christoph Loch to the board is a very smart move. Even if it's just a token role, having a globally respected institution like the Judge attached to the club, as well as having access to CL's contacts books, can only be beneficial.
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witm8
Unattached
Posts: 122
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Post by witm8 on Feb 9, 2016 10:27:31 GMT
Trumpington Sporting Village - This is never going to happen unfortuantely. I know of people on the planning committee, the parish council, the local authority, city council - and all of the land there has been earmarked for other things. There is a massive 'science park' going up on the land behind Shelford Rugby Club (much bigger than the Science Park on Milton Road) - which involves a new motorway junction specifically for the science park - and becuase its is being built; houses, shops and a 'county park' have all been agreed on the old PBI land opposite - where the Sporting Village was supposed to happen.
The whole thing is about the money involved. Even the land either-side of the road/drive upto Shelford Rugby Club is destined for houses - even though it's green belt. Planning application's already in - it's been refused initially as the location is over a mile to the nearest shop - but now, guess what, Scotsdales have started selling buscuits, jam, sweets, drinks in a much more commercial way - give it a year, and a lovely 'farm shop' will have appeared - BINGO, planning application granted.
Shelford rugby club oppose - the landowner buys them new energy saving floodlights for all their pitches to stop light leakage - they're now happy.
No sporting village in Trumpington EVER!
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Wingco's Boy
Reserve team substitute
Posts: 2,114
Favourite CUFC player: Dion Dublin
Favourite CUFC match: Newcastle FAC 3rd round 2022
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Post by Wingco's Boy on Feb 9, 2016 10:32:24 GMT
Trumpington Sporting Village - This is never going to happen unfortuantely. I know of people on the planning committee, the parish council, the local authority, city council - and all of the land there has been earmarked for other things. There is a massive 'science park' going up on the land behind Shelford Rugby Club (much bigger than the Science Park on Milton Road) - which involves a new motorway junction specifically for the science park - and becuase its is being built; houses, shops and a 'county park' have all been agreed on the old PBI land opposite - where the Sporting Village was supposed to happen. The whole thing is about the money involved. Even the land either-side of the road/drive upto Shelford Rugby Club is destined for houses - even though it's green belt. Planning application's already in - it's been refused initially as the location is over a mile to the nearest shop - but now, guess what, Scotsdales have started selling buscuits, jam, sweets, drinks in a much more commercial way - give it a year, and a lovely 'farm shop' will have appeared - BINGO, planning application granted. Shelford rugby club oppose - the landowner buys them new energy saving floodlights for all their pitches to stop light leakage - they're now happy. No sporting village in Trumpington EVER! Yes, Jesus Bastard College have flown that particular kite, which unfortunately is more likely to happen than not. Bye-bye to what has made my parents' home such a special place for nearly 50 years.
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utopia
Reserve team regular
Posts: 3,065
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Post by utopia on Feb 9, 2016 10:46:30 GMT
Trumpington Sporting Village - This is never going to happen unfortuantely. I know of people on the planning committee, the parish council, the local authority, city council - and all of the land there has been earmarked for other things. There is a massive 'science park' going up on the land behind Shelford Rugby Club (much bigger than the Science Park on Milton Road) - which involves a new motorway junction specifically for the science park - and becuase its is being built; houses, shops and a 'county park' have all been agreed on the old PBI land opposite - where the Sporting Village was supposed to happen. The whole thing is about the money involved. Even the land either-side of the road/drive upto Shelford Rugby Club is destined for houses - even though it's green belt. Planning application's already in - it's been refused initially as the location is over a mile to the nearest shop - but now, guess what, Scotsdales have started selling buscuits, jam, sweets, drinks in a much more commercial way - give it a year, and a lovely 'farm shop' will have appeared - BINGO, planning application granted. Shelford rugby club oppose - the landowner buys them new energy saving floodlights for all their pitches to stop light leakage - they're now happy. No sporting village in Trumpington EVER! Not saying you're wrong but... 1) The land involved is owned by Grosvenor. If they could make more money through an alternative scheme they would go for it. 2) The plans involve housing anyway. 3) The area allocated to sports facilities would be left as a green buffer between housing and the M11 in any case. It is a choice between sports pitches and parkland. The western portion is already allocated as parkland retained for flood plain. There will be a lot of building around the edge of Cambridge. It has finally been realised that having people drive over the green belt to get to work is pointless. Far less damaging to build on the edge of Cambridge.
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