You are here: darlofc.co.uk » Board index » The Uncovered Forums » Virtual Feethams
It is currently Fri Feb 22, 2019 8:53 pm View unanswered posts | View active topics



Post new topic Reply to topic  [ 73 posts ]  Go to page 1, 2, 3  Next
Author Message
 Post subject: New Finance Director
PostPosted: Fri Feb 08, 2019 10:15 am 
Offline

Joined: Sun Sep 05, 2010 10:47 am
Posts: 4295
Team Supported: Darlington
Welcome to the madhouse John Woolnough. Fair play to anyone willing to stick their head above the parapet.

https://darlingtonfc.co.uk/news/quakers ... e-director

_________________
If ever you're bored or miserable:

http://www.youtube.com/watch?v=ZlZohZoadGY


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 10:26 am 
Offline

Joined: Tue May 22, 2012 8:33 am
Posts: 203
Location: Eye, Suffolk
Team Supported: Darlington
Seems to be just what we are looking for. A long term Darlo fan - so prepared to put the work in for nothing, but as an accountant hopefully coming at it with a hard nosed business head and able to impose the financial discipline we clearly have lacked in the past.

Also experience of working in tax havens..….


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 10:34 am 
Offline
User avatar

Joined: Thu Jul 09, 2009 10:04 pm
Posts: 11543
Team Supported: Darlington
Sounds an ideal addition - bags of experience in his field and a Darlington fan to boot.

I presume this is a voluntary role?

He also does not look old enough to have been watching Darlo back in 1983!

_________________
On Sunday April 29, 2012 at 10:25 pm, Darlo Cockney wrote:
Sadly some people have nothing better to do that invent rumours.

We will be playing at the arena again next season - fact.

Quakerz - if you actually attended games and spoke to people you might actually find our facts, rather than spreading s*** on this board.

DC


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 10:36 am 
Offline

Joined: Sun Jan 13, 2019 2:57 pm
Posts: 69
Location: Middleton St George
Team Supported: Darlington
I was thinking that ...... 1983 .... looks like he was born in 1993!


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 12:20 pm 
Offline

Joined: Fri Jul 10, 2009 3:46 pm
Posts: 1350
Location: Mitford, Northumberland
Team Supported: Darlington
John was in the year below me at school and is an excellent appointment.

I'm really pleased for both him and the club that this has happened.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 12:51 pm 
Offline

Joined: Wed Mar 25, 2015 11:38 am
Posts: 412
Team Supported: Darlington
beatroute66 wrote:
John was in the year below me at school and is an excellent appointment.

Go on then beatroute66, is he old enough to have been watching Darlo in 1983?


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 1:00 pm 
Offline

Joined: Fri Jul 10, 2009 3:46 pm
Posts: 1350
Location: Mitford, Northumberland
Team Supported: Darlington
Well, I've recently turned 41 to give you the context.

I know he was watching games in the 89/90 season when I first started going regularly.

Maybe older relatives took him along at any early age? Perhaps he took a shine to DFC from a distance at a really young age and then started attending games a little later?

More importantly, he has a brain in his head and a passion to get involved simply for the love of it.

As we all know, there aren't many of those around!


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 1:01 pm 
Offline
User avatar

Joined: Thu Jul 09, 2009 11:51 pm
Posts: 1063
Team Supported: Darlington
Another announcement is due course? Promising news!


Sent from my iPhone using Tapatalk


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 1:06 pm 
Offline
User avatar

Joined: Wed Jul 15, 2009 7:40 pm
Posts: 3660
Team Supported: Darlington
beatroute66 wrote:
Well, I've recently turned 41 to give you the context.

I know he was watching games in the 89/90 season when I first started going regularly.

Maybe older relatives took him along at any early age? Perhaps he took a shine to DFC from a distance at a really young age and then started attending games a little later?

More importantly, he has a brain in his head and a passion to get involved simply for the love of it.

As we all know, there aren't many of those around!



So the answer is yes :) he would of been about 5 or 6, my son was about this age when he first went to Feethams.

_________________
Mr Singh said this " I'm not expecting to get back any of the money I've already put in, I'm prepared to write it off for the future of the club. I'm not hanging in to make any kind of financial gain in the short or long term - if someone was prepared to come in and take the club off my hands, I'd be more than willing to discuss it"

Tamworth matchday programme 26 Nov 2011


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 1:19 pm 
Offline

Joined: Wed Mar 25, 2015 11:38 am
Posts: 412
Team Supported: Darlington
beatroute66 wrote:
More importantly, he has a brain in his head and a passion to get involved simply for the love of it.

As we all know, there aren't many of those around!

Sounds like a bang up bloke and could be a very important (off the field) signing. I wish him well!


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 1:27 pm 
Offline

Joined: Thu Dec 06, 2018 2:26 pm
Posts: 84
Team Supported: Darlington
beatroute66 wrote:
John was in the year below me at school and is an excellent appointment.

I'm really pleased for both him and the club that this has happened.


Haha you recommended him so hopefully he should be a good appointment. Good to get an accountant onboard when tough decisions come along.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 1:33 pm 
Offline

Joined: Thu Sep 20, 2018 9:33 am
Posts: 219
Team Supported: Darlington
Good to see him on board but regarding the comments about being an accountant and tough decisions - please remember that tough decisions are, well, tough...and not always to the fans liking.

As we know from the tough decisions already made to make budget cuts during this season.

_________________
TAFKAQ

@1883Of


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 1:38 pm 
Offline

Joined: Thu Oct 04, 2018 7:57 pm
Posts: 58
Team Supported: Darlington &Notts County
Its probably best if he didn't watch Quakers in 1983 - we were a sorry sight for much of that season. It was Billy Elliot's last campaign and we'd sold Speedie and Skipper. The nadir was a 0-0 at home to Mansfield before 900 fans. Cyril Knowles deserves a statue somewhere for pulling that lot together. It was a shame for Elliot though I think he did a lot for the club.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 1:47 pm 
Offline

Joined: Thu Dec 06, 2018 2:26 pm
Posts: 84
Team Supported: Darlington
Ghost_Of_1883 wrote:
Good to see him on board but regarding the comments about being an accountant and tough decisions - please remember that tough decisions are, well, tough...and not always to the fans liking.

As we know from the tough decisions already made to make budget cuts during this season.


It’s a fine line getting the budget right, to low you can’t compete and crowds drop. I suppose it depends on how much people put into BTB as well. Budget this year was good and we have sold a number of players so hopefully our debt position will be the best it’s been moving into a new season we just have to ensure we stay up.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 1:59 pm 
Offline
User avatar

Joined: Thu Jul 09, 2009 11:51 pm
Posts: 1063
Team Supported: Darlington
Ghost_Of_1883 wrote:
Good to see him on board but regarding the comments about being an accountant and tough decisions - please remember that tough decisions are, well, tough...and not always to the fans liking.

As we know from the tough decisions already made to make budget cuts during this season.

It is tough, but the more we are forewarned then the more we can take control of current and future events


Sent from my iPhone using Tapatalk


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 2:17 pm 
Offline

Joined: Fri Mar 04, 2011 7:18 pm
Posts: 1122
Team Supported: Darlington
Alfie wrote:
Seems to be just what we are looking for. A long term Darlo fan - so prepared to put the work in for nothing, but as an accountant hopefully coming at it with a hard nosed business head and able to impose the financial discipline we clearly have lacked in the past.

Also experience of working in tax havens..….

...........maybe he will listen to the moans about BM and we will relocate and become Jersey Quakers or something? I personally think BM is our best option for the foreseeable future, the only bad match day experience I have had there, has been some of our results!


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 2:25 pm 
Offline

Joined: Sun Jan 13, 2019 2:57 pm
Posts: 69
Location: Middleton St George
Team Supported: Darlington
It will be interesting to see what he comes up with and how the club is operated going forward.

Will it be operated based on not losing money at the expense of the playing side or will there be some consideration to the fans to deliver what we are all after ... entertaining football.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 2:34 pm 
Offline

Joined: Fri Mar 04, 2011 7:18 pm
Posts: 1122
Team Supported: Darlington
OnTheTerraces wrote:
It will be interesting to see what he comes up with and how the club is operated going forward.

Will it be operated based on not losing money at the expense of the playing side or will there be some consideration to the fans to deliver what we are all after ... entertaining football.

I would hope any business is based on "not losing money" let alone a Football Club?


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 2:35 pm 
Offline

Joined: Sun Jan 13, 2019 2:57 pm
Posts: 69
Location: Middleton St George
Team Supported: Darlington
football clubs seem to be in their own bubble ........ away from rational thoughts and sound business sense


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Fri Feb 08, 2019 2:41 pm 
Offline

Joined: Thu Sep 20, 2018 9:33 am
Posts: 219
Team Supported: Darlington
OnTheTerraces wrote:
football clubs seem to be in their own bubble ........ away from rational thoughts and sound business sense


Yes but with no one to cover losses, then we can only be operated based on not losing money.

_________________
TAFKAQ

@1883Of


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Sat Feb 09, 2019 10:39 am 
Offline

Joined: Sun Jul 19, 2009 11:53 am
Posts: 1713
Team Supported: Darlington
Congratulations to him on this appointment - I don't envy him however.
I know as a fellow chartered accountant this is going to be very tough to balance the books.
I would forget about all the business about Hedge funds etc - that is managing other peoples money - Darlo FC do not have any money. I am more pleased with the fact he has had the balls to set up his own business so he will know the trials and tribulations of doing this.
Darlington FC finances is going to be a tough job - but the fact we have an FD in place means that we have got a numbers guy involved in the business who is able to contribute and work of the future strategy of how we become more sustainable.

_________________
“If you can't hit a driver, don't.”
Greg Norman


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Sun Feb 10, 2019 1:52 am 
Online

Joined: Thu Jul 09, 2009 10:13 pm
Posts: 11283
Team Supported: Darlington
Being a Darlo fan will mean that he knows what the club is all about. It sounds a very promising appointment.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Sun Feb 10, 2019 9:10 am 
Offline
User avatar

Joined: Sat Jul 11, 2009 1:38 pm
Posts: 12679
Team Supported: Darlington
PierremontQuaker03 wrote:
Congratulations to him on this appointment - I don't envy him however.
I know as a fellow chartered accountant this is going to be very tough to balance the books.
I would forget about all the business about Hedge funds etc - that is managing other peoples money - Darlo FC do not have any money. I am more pleased with the fact he has had the balls to set up his own business so he will know the trials and tribulations of doing this.
Darlington FC finances is going to be a tough job - but the fact we have an FD in place means that we have got a numbers guy involved in the business who is able to contribute and work of the future strategy of how we become more sustainable.


The most important thing is that he listens to advice from the current directors and DFCSG who have now been around long enough to know the potential issues faced by a club of our size with the ownership model we have. Many of the problems we’ve faced in the past 6/7 years have been due to new incumbents making the same mistakes of previous regimes. Stability at board level, with the relevant experience is absolute key to moving the club forwards


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Sun Feb 10, 2019 9:29 am 
Offline

Joined: Sun Jan 13, 2019 2:57 pm
Posts: 69
Location: Middleton St George
Team Supported: Darlington
I’m sure he’s not daft and understands the issues around the ground etc. If he decides that we need to operate within our means and rely on gate receipts and commercial income then we have to accept that is the state of the club. Any extra fan donations go straight into the playing budget.

I’m more concerned about the commercial side, we are now paying someone so I hope to see a big increase after including his wages.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Sun Feb 10, 2019 9:32 am 
Offline
User avatar

Joined: Sat Jul 11, 2009 1:38 pm
Posts: 12679
Team Supported: Darlington
I’m positive he’s not daft. I also know that there’s been skilled people in the position both at this club and others who have been bitten on the arse because they’ve not fully considered the intricasies.

As has been pointed out above he’s got no other option than to have us operate within our means - that’s his job.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Sun Feb 10, 2019 10:06 am 
Offline

Joined: Thu Dec 06, 2018 2:26 pm
Posts: 84
Team Supported: Darlington
Spot on Divas that’s his profession so I’ve no doubt he will work within the budget and as a director he has to ensure DFC is not knowingly trading as insolvent.

However getting to the next level is the difficult bit, we still haven’t heard from anyone how we would fund to get into the national league with its much larger playing budget, long trips which many players couldn’t do on a part time basis.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Mon Feb 11, 2019 9:12 am 
Offline

Joined: Fri Apr 16, 2010 10:36 am
Posts: 2627
Location: Milford Haven
Team Supported: Darlington
Just as an aside, Michael Owen lookalike? :roll:

_________________
Image


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Mon Feb 11, 2019 11:24 am 
Offline
User avatar

Joined: Sat Jul 11, 2009 1:38 pm
Posts: 12679
Team Supported: Darlington
quakersfan wrote:
Spot on Divas that’s his profession so I’ve no doubt he will work within the budget and as a director he has to ensure DFC is not knowingly trading as insolvent.

However getting to the next level is the difficult bit, we still haven’t heard from anyone how we would fund to get into the national league with its much larger playing budget, long trips which many players couldn’t do on a part time basis.


It’s fairly clear that the funding to move to full time status would need to come from non matchday revenue. Whilst we could theoretically increase attendances with an improved offering both on and off the pitch the revenue is far too volatile to budget for anything more than our current average until we see as sustained increase. Fan donations into a boost the budget scheme are vital as we’re in effect the football club’s benefactor but this isn’t sustainable and should be seen more as a bonus than core revenue. Transfer fees and cup money (!) are exactly the same - bonuses which are nice when realised but can’t be relied upon. Should they be realised they should either be used to create revenue generating assets or (more likely) reduce structured debt / create future headroom.

So non matchday revenue - basically we need some way of generating significant sums of money that are as guaranteed as possible. The best way I’ve heard to date is the 4G pitch which has a business built around it that generates revenue regardless of how the team is doing on the pitch. I reckon we’d need an extra £150-200K per season to go full time and be competitive in the league. The sums I’ve heard from such a venture do seem to be in that ballpark.

If that can’t be realised then we’ll have to come up with another revenue generating business that can support the club otherwise we become a perennial NLN club that may from time to time be in with a chance of promotion to the next level but unable to sustain that for any period due to no increased revenue from playing at that level to sustain ourselves. Whilst teams do compete in the National League at semi pro level i imagine its very difficult and would be even more so for ourselves due to our geographic location


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Mon Feb 11, 2019 11:51 am 
Offline

Joined: Sun Jan 13, 2019 2:57 pm
Posts: 69
Location: Middleton St George
Team Supported: Darlington
If he is at the match on Saturday I'm going to find him and ask him what his plans are.


Top
 Profile  
Reply with quote  
 Post subject: Re: New Finance Director
PostPosted: Mon Feb 11, 2019 12:17 pm 
Offline

Joined: Fri Jan 27, 2012 8:41 pm
Posts: 5136
Team Supported: Darlington
OnTheTerraces wrote:
If he is at the match on Saturday I'm going to find him and ask him what his plans are.


What are you expecting from him in terms of plans?

I haven't seen his role explained in terms of key responsibilities but having just been appointed, I would be surprised if he had any concrete plans in terms of moving us forward as yet.

I would assume he will pick up a lot of the work Chris Stockdale has been completing in regards to current financials, how to fund us move up the league is probably outside of this role. However with such a small business/board then he would have some input, surely as CEO and dealing with the Sporting Village then Johnston is largely point of contact for revenue growth though?

_________________
Image


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 73 posts ]  Go to page 1, 2, 3  Next


Who is online

Users browsing this forum: Darlo_Pete, Google [Bot], tdk1 and 49 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group