Central League

one_eyed_nik
WeeNix
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Few rumours going around regarding NW and their finances..

Feverish
Legend
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one_eyed_nik wrote:

Few rumours going around regarding NW and their finances..

Care to list them?

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wackywanderers99
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1) Calcotts 150K salary, he has agreed to a pay deal with major sponsor New World Newlands that is set to see him keep 95% of his salary. 

Feverish
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1) Calcotts 150K salary, he has agreed to a pay deal with major sponsor New World Newlands that is set to see him keep 95% of his salary. 

football by day, stacking shelves by night?

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Nelfoos
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NW's (and the financial results for any incorporated society) are public. For the year ended 30/9/19 you can find NW's Performance Report here:

https://app.businessregisters.govt.nz/sber-businesses/viewInstance/view.html?id=229a78e05307b6d8bf1b29667f00cb17e5e0d5bca25184d2#scrollTop

For my 2 cents - looks a lot healthier than most clubs financials that I've reviewed. Decent level of reserves despite a resonably significant operating loss.

Looks as though they're planning to sell clubrooms and build something new at Alex Moore at some point as well (but the softball club aren't on board & legal action is occurring), and appears they're paying their director of football a salary of ~$100k (plus another $15k from the Junior clubs accounts), being the only unusual points I can see from a quick review. $30k loan as well, but doesn't say who from.

Valley FC til I die

Blew.2
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Olympic is back on terms with incorporated societies (Now Reregistered)

  Supporter For Ever - Keep The Faith - Foundation Member - Never Lets FAX Get In The Way Of A Good Yarn

                                                      

Feverish
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Nelfoos wrote:

NW's (and the financial results for any incorporated society) are public. For the year ended 30/9/19 you can find NW's Performance Report here:

https://app.businessregisters.govt.nz/sber-businesses/viewInstance/view.html?id=229a78e05307b6d8bf1b29667f00cb17e5e0d5bca25184d2#scrollTop

For my 2 cents - looks a lot healthier than most clubs financials that I've reviewed. Decent level of reserves despite a resonably significant operating loss.

Looks as though they're planning to sell clubrooms and build something new at Alex Moore at some point as well (but the softball club aren't on board & legal action is occurring), and appears they're paying their director of football a salary of ~$100k (plus another $15k from the Junior clubs accounts), being the only unusual points I can see from a quick review. $30k loan as well, but doesn't say who from.

depends who the 30k loan is due to

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andrewvoerman
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Nelfoos wrote:

NW's (and the financial results for any incorporated society) are public. For the year ended 30/9/19 you can find NW's Performance Report here:

https://app.businessregisters.govt.nz/sber-businesses/viewInstance/view.html?id=229a78e05307b6d8bf1b29667f00cb17e5e0d5bca25184d2#scrollTop

For my 2 cents - looks a lot healthier than most clubs financials that I've reviewed. Decent level of reserves despite a resonably significant operating loss.

Looks as though they're planning to sell clubrooms and build something new at Alex Moore at some point as well (but the softball club aren't on board & legal action is occurring), and appears they're paying their director of football a salary of ~$100k (plus another $15k from the Junior clubs accounts), being the only unusual points I can see from a quick review. $30k loan as well, but doesn't say who from.

Not a lot of cash reserves was what stood out to me.

Nelfoos
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Nelfoos wrote:

NW's (and the financial results for any incorporated society) are public. For the year ended 30/9/19 you can find NW's Performance Report here:

https://app.businessregisters.govt.nz/sber-businesses/viewInstance/view.html?id=229a78e05307b6d8bf1b29667f00cb17e5e0d5bca25184d2#scrollTop

For my 2 cents - looks a lot healthier than most clubs financials that I've reviewed. Decent level of reserves despite a resonably significant operating loss.

Looks as though they're planning to sell clubrooms and build something new at Alex Moore at some point as well (but the softball club aren't on board & legal action is occurring), and appears they're paying their director of football a salary of ~$100k (plus another $15k from the Junior clubs accounts), being the only unusual points I can see from a quick review. $30k loan as well, but doesn't say who from.

Not a lot of cash reserves was what stood out to me.

Yeah missed the significance of that at first glance.

Appears to be the main motivation for the loan - $20k overdraft if they didn't have it.. They aren't gonna be able to pay immediate debts as they need to so you'd suggest the settlement of the legal dispute and the sale of the clubrooms are very high priority for them - and then cross your fingers that the legal fees don't blow out.

Valley FC til I die

whatever
WeeNix
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At the end of the financial year they had a working capital deficit of $80k and given the events of the last few months the position is likely to be a lot worse. They have got serious issues before they even address the cost of funding their first team for the coming season.

ChopperNZ
First Team Squad
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The $54,000 wage subsidy for 13 staff they applied for will probably help....


Edit: Received. 

Feverish
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ChopperNZ wrote:

The $54,000 wage subsidy for 13 staff they applied for will probably help....

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The JourneyFan
Starting XI
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Nelfoos wrote:

Nelfoos wrote:

NW's (and the financial results for any incorporated society) are public. For the year ended 30/9/19 you can find NW's Performance Report here:

https://app.businessregisters.govt.nz/sber-businesses/viewInstance/view.html?id=229a78e05307b6d8bf1b29667f00cb17e5e0d5bca25184d2#scrollTop

For my 2 cents - looks a lot healthier than most clubs financials that I've reviewed. Decent level of reserves despite a resonably significant operating loss.

Looks as though they're planning to sell clubrooms and build something new at Alex Moore at some point as well (but the softball club aren't on board & legal action is occurring), and appears they're paying their director of football a salary of ~$100k (plus another $15k from the Junior clubs accounts), being the only unusual points I can see from a quick review. $30k loan as well, but doesn't say who from.

Not a lot of cash reserves was what stood out to me.

Yeah missed the significance of that at first glance.

Appears to be the main motivation for the loan - $20k overdraft if they didn't have it.. They aren't gonna be able to pay immediate debts as they need to so you'd suggest the settlement of the legal dispute and the sale of the clubrooms are very high priority for them - and then cross your fingers that the legal fees don't blow out.

The clubrooms deal isn't that great basically they sell the clubrooms (which are jointly owned with the Softball club) and I think 80 or 90% is given to the council who are building new clubrooms on the top Alex Moore park - where the Cricket club and Olympic harriers used to be based, but those clubrooms become a WCC venue and the club has to pay to hire them going forward - but hay all clubs in Johnsonville can use them (as long as they pay for them)

http://thejourneyfan.blogspot.co.nz/

New Zealand Football Media Association Website of the year 2015 & 2016

whatever
WeeNix
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ChopperNZ wrote:

The $54,000 wage subsidy for 13 staff they applied for will probably help....


Edit: Received. 

That just enables them to tread water. It does not address their fundamental problems.

HBunited fan
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Rovers playing local club Marist. About 7 regulars from last year out on the pitch. A new number 9 who looks like a import. Looks very lively and just scored a stunner of a bicycle kick. Very young kid in goal

HBunited fan
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HBunited fan wrote:

Rovers playing local club Marist. About 7 regulars from last year out on the pitch. A new number 9 who looks like a import. Looks very lively and just scored a stunner of a bicycle kick. Very young kid in goal

Score was about 6-7nil by halftime. New number 9 is JC Mack. Looks very decent 
ol'sole
Phoenix Academy
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HBunited fan wrote:

HBunited fan wrote:

Rovers playing local club Marist. About 7 regulars from last year out on the pitch. A new number 9 who looks like a import. Looks very lively and just scored a stunner of a bicycle kick. Very young kid in goal

Score was about 6-7nil by halftime. New number 9 is JC Mack. Looks very decent 

The "young kid" in goal is Oscar Mason. JC Mack from Hamilton Wanderers

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Critical_Lemon
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JC is captain of the U.S. Virgin Islands, which has got to be one of the more unique national team affiliations we've had in the national league.

mraotxt2
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i hear it finished double figures for Rovers? Not sure if it will be the greatest indicator, do you know if the Marist Feds team have changed much this year??

HBunited fan
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mraotxt2 wrote:

i hear it finished double figures for Rovers? Not sure if it will be the greatest indicator, do you know if the Marist Feds team have changed much this year??

left at halftime but was heading to double figures. Havnt really ever followed Marist to close but it looked to be much of the same young guys. Ethan dent was in the back line

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