Jump to content

Recommended Posts



Otherwise known as ‘cheating’ ala Dundee in the First Division under Callum ‘Clum’ Melville then.

I find it hard to believe that Inverness could somehow rack up a second consecutive £800k loss in this division as Scott Gardiner claims in his ‘won’t someone please think of the Highland children’ sob story to the BBC. If that is the case though then it would put a significant qualifier on John Robertson’s work as a manager, because if he’s been working with well over half a million pounds more than any comparable club by revenue or attendance then you’d expect nothing less than a strong playoff and promotion challenge to show for it.

Gardiner’s whining media intervention this evening is a major red flag IMO.


Typical wanky comment from this knobend. Morton of course, having been run in a completely unsustainable manner for years thanks to constant handouts from the sweetie maker, is all fine and dandy

The alarm bells started ringing in my head when Gardiner was appointed.

Good luck lads, hope it all works out.

Share this post


Link to post
Share on other sites

Scot Gardiner spoke well, if for a little too long, and it's clear that he's doing lots to connect to the community.

Not re-connect, actually connect.

The hot take from the meeting is that Project Brave is costing a fortune and on the face of it the overheads involved in running all the youth teams seems ridiculous.

Alan Savage turned up and asked how much of a bridging loan does the club need to see it through to the end of the season and the answer was £250k. Cash flow is a problem.

Ten years ago our turnover was £3.5M and last year it was £2M. Less money coming in and more needed to run the club. That about sums it up.

If you are a fan, turn up and support your team.

Share this post


Link to post
Share on other sites

Sad news:

Gordon Fyffe announced that Hugh Crout died earlier today and my thoughts flashed back to interesting times 25 years ago when he was prominent during the merger.

Share this post


Link to post
Share on other sites
How can you still have annual losses of £800k if that chairman isn't there? 
Where is that money going? 


Because that chairmans idiocy and heavy losses put us in this division, and we now have much less money coming in. We were trying to claw back the losses while running a Championship club on budget cuts year after year. The losses aren’t going to disappear unless we make big profits which just isn’t going to happen in the Championship for a club our size. We’re lucky we appointed a decent manager like Robbo who managed to put a team of rejects together into something decent. Had we ended up with a Foran/Yogi type manager we may already be in League 1 and part time/bankrupt.

Share this post


Link to post
Share on other sites
2 hours ago, Arch Stanton said:

Erm ,naw...you could try living within your means instead of running up annual losses of £800k.

Which wouldn’t be containing our current level, so yes we do need investment if we want to be going for the playoffs/promotion.

Not really seeing what your point is here?

Share this post


Link to post
Share on other sites
2 hours ago, sophia said:

Scot Gardiner spoke well, if for a little too long, and it's clear that he's doing lots to connect to the community.

Not re-connect, actually connect.

The hot take from the meeting is that Project Brave is costing a fortune and on the face of it the overheads involved in running all the youth teams seems ridiculous.

Astonished to see that arch-bullshitter Scot Gardiner has blamed an external party for Inverness failing to balance their books properly.

Share this post


Link to post
Share on other sites
6 hours ago, craigkillie said:

Astonished to see that arch-bullshitter Scot Gardiner has blamed an external party for Inverness failing to balance their books properly.

This post is at the least unhelpful, perhaps malevolent but certainly illinformed.

I didn't hear Scot blaming anyone.

What he trying to do is get the club on an even keel.

Share this post


Link to post
Share on other sites
Scot Gardiner spoke well, if for a little too long, and it's clear that he's doing lots to connect to the community.
Not re-connect, actually connect.
The hot take from the meeting is that Project Brave is costing a fortune and on the face of it the overheads involved in running all the youth teams seems ridiculous.
Alan Savage turned up and asked how much of a bridging loan does the club need to see it through to the end of the season and the answer was £250k. Cash flow is a problem.
Ten years ago our turnover was £3.5M and last year it was £2M. Less money coming in and more needed to run the club. That about sums it up.
If you are a fan, turn up and support your team.


Heard that a million fucking times. Mostly meaning theirs an issue with cash flowing out of the business.

Share this post


Link to post
Share on other sites

I wasn't there but from the tit bits I've read / heard whilst we are okay(ish) financially (any talk of admin is, at this stage, well wide of the mark) but if we continue to ply our trade in the Championship these ongoing losses, were no action to be taken, would result in us having to look at areas to make cuts. The youth setup would likely be canned or heavily scaled back and / or cuts made to the first team playing budget. If we want to maintain our current setup then we need more money invested in the club and getting more fans through the doors as well (this doesn't seem to be happening any time soon). Basically the club had budgeted for two seasons in the Championship (at a push three) before they would need to look at cutting back on costs and that's where we are now.

I'm no fan of Scott Gardiner but these financial issues have been well known for some time and well before he came in. Can't say I have too much faith in him being able to resolve matters however.

For a club that's done so much right on the pitch in a short space of time it's staggering how abysmal we have been off the pitch over the years. We have never gotten it together and it seems like we never will.

Share this post


Link to post
Share on other sites

If the club have decided to accept the losses for another season (thus putting the club in more financial jeopardy) they should have had that source for the £250k additional covered before those commitments.if primary focus is still to recoup debt and then drastic measures should have been taken to reduce expenditure for a few seasons and build from there. Right now it looks like we are gambling on play-offs and promotion (which is a huge risk) without having the cash to sustain it.

Kind of like buying a Ferrari to drive to work then borrowing the petrol money from your mum in the hope you get a pay rise at appraisal time so you can pay it going forwards yourself.

 

Share this post


Link to post
Share on other sites
11 hours ago, Tarmo Kink said:

 


We lived within our means for over 20 years until some stupid egomaniac chairman came in. That’s not the fault of any of our fans. We are currently living within our means also, but are suffering from the decisions of that chairman still.

 

Ignoring the misty-eyed nonsense regarding the "We've always lived within our means" claim (it doesn't really stand up to any basic scrutiny), can you explain how exactly a club lives within their means and also runs up two consecutive £800,000 losses? 

 

11 hours ago, sophia said:

Alan Savage turned up and asked how much of a bridging loan does the club need to see it through to the end of the season and the answer was £250k. Cash flow is a problem.

And ICT fans will obviously be hoping that the club doesn't accept any outside funding from a wealthy benefactor.

Share this post


Link to post
Share on other sites

Interesting to note that this thread normally trundles along with a few posts a week from the usual Caley fans, but the minute financial blood loss is sensed it would seem that all and sundry wish to express their expert opinion and/or criticism.

Given that every club regardless has cash flow problems I suppose fans feel relief from their own club's woes when they can comment/wallow on another. 

Share this post


Link to post
Share on other sites
40 minutes ago, yoda said:

Ignoring the misty-eyed nonsense regarding the "We've always lived within our means" claim (it doesn't really stand up to any basic scrutiny), can you explain how exactly a club lives within their means and also runs up two consecutive £800,000 losses? 

 

There have been years when profits have been made (~£21k, £12k and £254k) but otherwise its been whopping losses.

@yoda can you guess which year we made the quarter of a million?

Share this post


Link to post
Share on other sites
2 hours ago, sophia said:

This post is at the least unhelpful, perhaps malevolent but certainly illinformed.

I didn't hear Scot blaming anyone.

What he trying to do is get the club on an even keel.

All the warbling on about Project Brave and so on is an attempt to shift the blame away from the board and to say "look, the SFA are making us spend all this money". It doesn't wash - every other club is in the same boat and seems to manage without such a gaping hole in finances.

Share this post


Link to post
Share on other sites
1 hour ago, bdu98196 said:

If the club have decided to accept the losses for another season (thus putting the club in more financial jeopardy) they should have had that source for the £250k additional covered before those commitments.if primary focus is still to recoup debt and then drastic measures should have been taken to reduce expenditure for a few seasons and build from there. Right now it looks like we are gambling on play-offs and promotion (which is a huge risk) without having the cash to sustain it.

Kind of like buying a Ferrari to drive to work then borrowing the petrol money from your mum in the hope you get a pay rise at appraisal time so you can pay it going forwards yourself.

 

JR has taken £1,000,000 out of the senior playing budget and put an improved team on the park

Share this post


Link to post
Share on other sites

Sad to see such a club with so much history going to the dogs. Hopefully the fans can club together and save it. 

Share this post


Link to post
Share on other sites
1 minute ago, craigkillie said:

All the warbling on about Project Brave and so on is an attempt to shift the blame away from the board and to say "look, the SFA are making us spend all this money". It doesn't wash - every other club is in the same boat and seems to manage without such a gaping hole in finances.

^^^

Central belt bias and its not an attempt to shift blame at all.

The fact of the matter is that ICT have substantial extra costs involving travel and time that none of the teams in the orbit of Glasgow have.

Its a laying out of the fact that it is unsustainable to continue funding the two departments (youths and seniors) with paltry crowds.

Rather than blame, its a promulgation of a truth that what we had can't continue. 

Share this post


Link to post
Share on other sites

It would genuinely be a shame if ICT went under, if there's no promotion this year is it safe to assume there'll be a bit of a fire sale in the summer?

Share this post


Link to post
Share on other sites
1 minute ago, staggy1929 said:

It would genuinely be a shame if ICT went under, if there's no promotion this year is it safe to assume there'll be a bit of a fire sale in the summer?

Nah, not happening.

Ryan Christie is heading south and the sell on clause will land ICT a very substantial six figure sum.

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...