Finance Update

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Darlofan97
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Finance Update

Post by Darlofan97 » Tue Jul 20, 2021 9:54 pm

Surprised this has gone under the radar a bit, but the club provided an update last week on financial matters:

https://darlingtonfc.co.uk/news/post-ye ... -statement

-Net profit made for 20/21, slightly higher than £14,045 last year.

-Net cash has improved on from 19/20.

-The £64,800 loan from the DCMS is a low interest (fixed-rate) loan over 20 years.

-826 season tickets purchased (including 500 Club members) up to 15th July.

-Club have managed to pay-off fans loans within the year (these amounted to £37,337 in the 19/20 accounts).

-Loss expected for 21/22.

All in all, really positive. Club have managed to navigate during a really difficult period (cup runs helped) and reduce debt/increase cash in the bank.

jjljks
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Re: Finance Update

Post by jjljks » Wed Jul 21, 2021 4:19 am

Well done, everyone. Could give Rishi Sunak some lessons

Old Git
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Re: Finance Update

Post by Old Git » Wed Jul 21, 2021 7:22 am

jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !

jjljks
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Re: Finance Update

Post by jjljks » Wed Jul 21, 2021 11:02 am

Old Git wrote:
Wed Jul 21, 2021 7:22 am
jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
Rishi might be doing a good job, but he won't make a profit this year

Old Git
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Re: Finance Update

Post by Old Git » Wed Jul 21, 2021 11:30 am

jjljks wrote:
Wed Jul 21, 2021 11:02 am
Old Git wrote:
Wed Jul 21, 2021 7:22 am
jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
Rishi might be doing a good job, but he won't make a profit this year
Ha Ha that will never happen 😂

lo36789
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Re: Finance Update

Post by lo36789 » Wed Jul 21, 2021 12:03 pm

jjljks wrote:
Wed Jul 21, 2021 11:02 am
Old Git wrote:
Wed Jul 21, 2021 7:22 am
jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
Rishi might be doing a good job, but he won't make a profit this year
That depends if you are looking at the public or private purse...

banktopp
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Re: Finance Update

Post by banktopp » Wed Jul 21, 2021 1:59 pm

Old Git wrote:
Wed Jul 21, 2021 7:22 am
jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
I could do his job, printing money and giving it away.

Old Git
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Re: Finance Update

Post by Old Git » Wed Jul 21, 2021 3:38 pm

banktopp wrote:
Wed Jul 21, 2021 1:59 pm
Old Git wrote:
Wed Jul 21, 2021 7:22 am
jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
I could do his job, printing money and giving it away.
Doubt it.

bga
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Re: Finance Update

Post by bga » Wed Jul 21, 2021 4:55 pm

banktopp wrote:
Wed Jul 21, 2021 1:59 pm
Old Git wrote:
Wed Jul 21, 2021 7:22 am
jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
I could do his job, printing money and giving it away.
I think you comment is "Old school economics." The Gov have borrowed more than any other Gov haven't they? Don't think they can just print money anymore. Money they borrowed has to be paid back by future generations!

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Quaker85
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Re: Finance Update

Post by Quaker85 » Wed Jul 21, 2021 7:00 pm

bga wrote:
banktopp wrote:
Wed Jul 21, 2021 1:59 pm
Old Git wrote:
Wed Jul 21, 2021 7:22 am
jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
I could do his job, printing money and giving it away.
I think you comment is "Old school economics." The Gov have borrowed more than any other Gov haven't they? Don't think they can just print money anymore. Money they borrowed has to be paid back by future generations!
Who did they borrow it fromImage The Bank of England. In other words themselves so how would they go about paying this back? Genuinely interested to know the answer.

Sunak is not doing a good job. He is fiscally illiterate.


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Old Git
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Re: Finance Update

Post by Old Git » Wed Jul 21, 2021 7:11 pm

Quaker85 wrote:
Wed Jul 21, 2021 7:00 pm
bga wrote:
banktopp wrote:
Wed Jul 21, 2021 1:59 pm
Old Git wrote:
Wed Jul 21, 2021 7:22 am
jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
I could do his job, printing money and giving it away.
I think you comment is "Old school economics." The Gov have borrowed more than any other Gov haven't they? Don't think they can just print money anymore. Money they borrowed has to be paid back by future generations!
Who did they borrow it fromImage The Bank of England. In other words themselves so how would they go about paying this back? Genuinely interested to know the answer.

Sunak is not doing a good job. He is fiscally illiterate.


Sent from my iPhone using Tapatalk
You assert that Sinai is not doing a good job after showing you don’t have the faintest knowledge of economics. Hm not a very convincing argument.

bga
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Re: Finance Update

Post by bga » Wed Jul 21, 2021 7:41 pm

Quaker85 wrote:
Wed Jul 21, 2021 7:00 pm
bga wrote:
banktopp wrote:
Wed Jul 21, 2021 1:59 pm
Old Git wrote:
Wed Jul 21, 2021 7:22 am
jjljks wrote:
Wed Jul 21, 2021 4:19 am
Well done, everyone. Could give Rishi Sunak some lessons
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
I could do his job, printing money and giving it away.
I think you comment is "Old school economics." The Gov have borrowed more than any other Gov haven't they? Don't think they can just print money anymore. Money they borrowed has to be paid back by future generations!
Who did they borrow it fromImage The Bank of England. In other words themselves so how would they go about paying this back? Genuinely interested to know the answer.

Sunak is not doing a good job. He is fiscally illiterate.


Sent from my iPhone using Tapatalk
Try this which although written nearly 2 years ago still holds true. My friend is a Professor of Economics and has confirmed this......end of discussion for now.
https://www.bbc.co.uk/news/business-50504151

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Quaker85
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Re: Finance Update

Post by Quaker85 » Wed Jul 21, 2021 7:52 pm

bga wrote:
Quaker85 wrote:
Wed Jul 21, 2021 7:00 pm
bga wrote:
banktopp wrote:
Wed Jul 21, 2021 1:59 pm
Old Git wrote:
Wed Jul 21, 2021 7:22 am
I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
I could do his job, printing money and giving it away.
I think you comment is "Old school economics." The Gov have borrowed more than any other Gov haven't they? Don't think they can just print money anymore. Money they borrowed has to be paid back by future generations!
Who did they borrow it fromImage The Bank of England. In other words themselves so how would they go about paying this back? Genuinely interested to know the answer.

Sunak is not doing a good job. He is fiscally illiterate.


Sent from my iPhone using Tapatalk
Try this which although written nearly 2 years ago still holds true. My friend is a Professor of Economics and has confirmed this......end of discussion for now.
https://www.bbc.co.uk/news/business-50504151
That article refers to the government borrowing money from financial institutions. The government did not borrow any money, ok just 20 billion to pay for COVID. They created new money. Only the government can do this.

https://www.taxresearch.org.uk/Blog/wp- ... r-free.pdf


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Old Git
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Re: Finance Update

Post by Old Git » Wed Jul 21, 2021 9:22 pm

bga wrote:
Wed Jul 21, 2021 7:41 pm
Quaker85 wrote:
Wed Jul 21, 2021 7:00 pm
bga wrote:
banktopp wrote:
Wed Jul 21, 2021 1:59 pm
Old Git wrote:
Wed Jul 21, 2021 7:22 am


I for one think Rishi is doing an excellent job. Can you imagine if we still had Cameron and Osborne in charge with their austerity will cure everything belief. Even worse if it was Corbyn and McDonald !
I could do his job, printing money and giving it away.
I think you comment is "Old school economics." The Gov have borrowed more than any other Gov haven't they? Don't think they can just print money anymore. Money they borrowed has to be paid back by future generations!
Who did they borrow it fromImage The Bank of England. In other words themselves so how would they go about paying this back? Genuinely interested to know the answer.

Sunak is not doing a good job. He is fiscally illiterate.


Sent from my iPhone using Tapatalk
Try this which although written nearly 2 years ago still holds true. My friend is a Professor of Economics and has confirmed this......end of discussion for now.
https://www.bbc.co.uk/news/business-50504151
My friend is a Professor of Economics. And my dad is bigger than yours. End of discussion because you are a tit.

Darlofan97
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Re: Finance Update

Post by Darlofan97 » Wed Jul 21, 2021 9:58 pm

Another thread derailed - fantastic.

jjljks
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Re: Finance Update

Post by jjljks » Thu Jul 22, 2021 4:38 am

Darlofan97 wrote:
Wed Jul 21, 2021 9:58 pm
Another thread derailed - fantastic.
Agreed, all I wanted to do was to congratulate our management team in guiding us successfully through a financial minefield of a season & end it with a quip. Instead I stirred up a bigger sh!tstorm than Dominic Cummings - sorry 🤐

bga
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Re: Finance Update

Post by bga » Thu Jul 22, 2021 6:52 am

Old Git wrote:
Wed Jul 21, 2021 9:22 pm
bga wrote:
Wed Jul 21, 2021 7:41 pm
Quaker85 wrote:
Wed Jul 21, 2021 7:00 pm
bga wrote:
banktopp wrote:
Wed Jul 21, 2021 1:59 pm

I could do his job, printing money and giving it away.
I think you comment is "Old school economics." The Gov have borrowed more than any other Gov haven't they? Don't think they can just print money anymore. Money they borrowed has to be paid back by future generations!
Who did they borrow it fromImage The Bank of England. In other words themselves so how would they go about paying this back? Genuinely interested to know the answer.

Sunak is not doing a good job. He is fiscally illiterate.


Sent from my iPhone using Tapatalk
Try this which although written nearly 2 years ago still holds true. My friend is a Professor of Economics and has confirmed this......end of discussion for now.
https://www.bbc.co.uk/news/business-50504151
My friend is a Professor of Economics. And my dad is bigger than yours. End of discussion because you are a tit.
Back on thread the Club management have done a great job thanks. I am reassured about the future. You would have to be a TIT to have posted on here with your Political views and not once referred to this.

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Quaker85
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Re: Finance Update

Post by Quaker85 » Thu Jul 22, 2021 7:45 am

bga wrote:
Old Git wrote:
Wed Jul 21, 2021 9:22 pm
bga wrote:
Wed Jul 21, 2021 7:41 pm
Quaker85 wrote:
Wed Jul 21, 2021 7:00 pm
bga wrote: I think you comment is "Old school economics." The Gov have borrowed more than any other Gov haven't they? Don't think they can just print money anymore. Money they borrowed has to be paid back by future generations!
Who did they borrow it fromImage The Bank of England. In other words themselves so how would they go about paying this back? Genuinely interested to know the answer.

Sunak is not doing a good job. He is fiscally illiterate.


Sent from my iPhone using Tapatalk
Try this which although written nearly 2 years ago still holds true. My friend is a Professor of Economics and has confirmed this......end of discussion for now.
https://www.bbc.co.uk/news/business-50504151
My friend is a Professor of Economics. And my dad is bigger than yours. End of discussion because you are a tit.
Back on thread the Club management have done a great job thanks. I am reassured about the future. You would have to be a TIT to have posted on here with your Political views and not once referred to this.
Just like you did 12 hours ago you mean Image And I’m not going to resort to childish name calling either.


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Old Git
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Re: Finance Update

Post by Old Git » Thu Jul 22, 2021 7:48 am

bga you were the one who said my friend is a Professor of Economics like that somehow elevated you to the top of the class. For every Economist that says the Government are following the wrong strategy there will be others who say they are correct. A lot will likely depend on the political leanings of your friend the Prof but to take the word of one person without looking at the bigger picture is not wise.
For the record I am very grateful to Andrew Stockdale for the way he has managed the club’s financial affairs through these difficult times.

e4sby
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Re: Finance Update

Post by e4sby » Thu Jul 22, 2021 7:57 am

Old Git wrote:
Thu Jul 22, 2021 7:48 am
bga you were the one who said my friend is a Professor of Economics like that somehow elevated you to the top of the class. For every Economist that says the Government are following the wrong strategy there will be others who say they are correct. A lot will likely depend on the political leanings of your friend the Prof but to take the word of one person without looking at the bigger picture is not wise.
For the record I am very grateful to Chris Stockdale for the way he has managed the club’s financial affairs through these difficult times.
I've corrected that for you

Old Git
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Re: Finance Update

Post by Old Git » Thu Jul 22, 2021 8:06 am

Thanks sorry terrible with names

bga
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Re: Finance Update

Post by bga » Thu Jul 22, 2021 8:16 am

Old Git wrote:
Thu Jul 22, 2021 7:48 am
bga you were the one who said my friend is a Professor of Economics like that somehow elevated you to the top of the class. For every Economist that says the Government are following the wrong strategy there will be others who say they are correct. A lot will likely depend on the political leanings of your friend the Prof but to take the word of one person without looking at the bigger picture is not wise.
For the record I am very grateful to Andrew Stockdale for the way he has managed the club’s financial affairs through these difficult times.
To be honest I was not trying to "elevate myself". I was merely trying to correct the earlier post that suggested the Gov simply printed their own money which is not 100% accurate as I think any Economist would agree. Of course these experts will disagree on how much to borrow or how much money to print. Glad we agree about the good work the Board are doing. We move on.

Old Git
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Re: Finance Update

Post by Old Git » Thu Jul 22, 2021 10:01 am

We do move on. To be honest just can’t wait to see some live football and have that to focus on.

bga
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Re: Finance Update

Post by bga » Thu Jul 22, 2021 10:40 am

Old Git wrote:
Thu Jul 22, 2021 10:01 am
We do move on. To be honest just can’t wait to see some live football and have that to focus on.
:thumbup: Hoping to get to Stream the game on Saturday. I guess it is not yet possible to have both a Virtual 50/50 draw and one for the fans who actually attend unless you actually have two draws? I will ask the Club.

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