Losses were £14 million? Significantly higher than any other club being run on a similar financial footing in the champ.
After the June 30 deadline for 15-16 accounts they received cash to the tune of +6.1M for the sale of Gudmundson, Pope, Cousins, etc. This was listed in the notes to financial statements. This will show up in the 2016-17 accounts due in April. Also, the sale of Lookman, which appears to be between £9-10M, will also show up in those same accounts. Meaning that accounts for 2016-17 might well show a.... profit.
And to correct you, operating losses for CAFC in 15-16 were LOWER than the average Championship club that season. The operating loss at CAFC was minus £12.8M and the average in the Championship was -£14.2M. These two data points were even listed in the official release of results in April. You can look it up.
For someone looking at her financial resume, they will see losses of £13.5M one year (very average result for The Championship) contained and brought down to break even, and maybe even profitability the following year, all while being relegated. There are owners bad enough to find that impressive. And obviously, she found one. If SW did not hire her, I bet others were in line to do so.
You are arguing with me for reasons I do not understand. I simply said that there are owners who would find her CV attractive. I was correct. Obviously, because she got the job, LOL. Whether they should or not is not relevant to my point.
What was the average turnover on which this average operating loss was incurred? How did this compare with Charlton’s turnover in 15/16?
You can argue that this was offset by 16/17 transfer income but that won’t affect the operating loss. The players can only be sold once.
Yes, that is EXACTLY how someone rational would see it. I see it that way, also. As a percent of turnover the losses are poor. But so are most clubs below the PL.
Selling good players is swapping one asset (a player) for another asset (cash.) A rational person would not see that as a "profit" at all. In fact, I look at it as cannibalizing one's assets. And you are right that the transfer well is running drier by the window.
But... there are many, many owners who are NOT rational. Football is littered with irrational people who neither know how to make money nor bring success on the pitch. So many in fact, that people like KM don't have trouble finding work. Football seems to take the "Peter Principle" to its ultimate level.
I am not saying I think she did a good job. I am saying OTHER owners might see it that way. And clearly... at least one has.
I've purposely taken my time in posting on this thread and have chosen my words with extreme care and delicacy at this most difficult of times.
From day one, following our first encounter at a Fans' Forum meeting, I've always held Kitty ( as she asked me to call her) in the highest regard. In fact, it was clearly a case of mutual respect at first sight.....and, for my part, a degree of hero worship.
This was a woman in a senior position at MY football club ; something, many moons ago, I had dreamed of for myself.
However, it soon became abundantly clear that my feelings for Kitty were not shared by some of my fellow supporters.
Her every word was closely examined and misinterpretated.
Her mischievous misuse of the English language was ridiculed.
In fact, her quirky sense of humour was entirely lost on the majority of Addicks and at times, it appeared that only myself and our pal, Susie understood Kitty's weird little nuances. How we giggled amongst ourselves on reading just how far the majority of Lifers were missing the point !
Of course, I had to be extremely careful to cover my tracks in order not to reveal my true allegiance. I have spent many hours forcing myself to construct posts chock full of vitriol, criticism and disrespect whilst holding back the tears I felt in betraying my dear fiend in such a manner.
Taking this pretence to the ultimate level, I joined in the protests and even the visits to Belgium - the supreme sacrifice.
But, sadly, all good things come to an end and ultimately Kitty was driven away from our club despite the best efforts of her 2 faithful supporters. Our loss is Sheffield Mercredi's ( as she fondly calls them) gain and I'm confident she will swiftly win over those dour Yorkshiremen and women with her unique little ways. Before her tearful departure, she confided that she was looking forward to joining the Blades and to the challenge that this massive club had handed her. I made sure that she learnt the favourite saying in those parts so as to endear herself to all and sundry : " Howay the lads! "
All I hope is that our dearly departed pal finds the Yorkshire equivalent of both Susie and Fanny before too long as those early days in foreign parts can be difficult. As a parting gift, I presented her with my own pink pig, salvaged from that disgusting act of petulance last season, so that she'd think of me every time she looked at it. And finally, I assured her there would be a special place for her at May's POTY dinner as she missed out in 2016. At this invitation, her resolve crumpled and tears began to fall, cascading round that prominent, well known nose, as the tosser of that glossy mane left the building.
Their chairman said this: “I have said for some time that I would only appoint a CEO should the right person fit my specification to lead the structure of Sheffield Wednesday on a day to day basis."
Unless the only specification was "must be a Belgian female", how the fuck do you trawl the football world for a CEO and come up with Meire as your best option?
It looks as though the KM threads on OwlsTalk have been deleted!?! Day 1 in the new job and she's already cleaning up negative comments on the internet!
I wonder if the Massive will enjoy watching the 'Premiership stars of tomorrow' as they produce footballers to balance the books?
And remember they're not just getting Katrien here, but a host of know how from the Belgian lower leagues, Thomas Driesen and his playstation and best of all Uncle Roly is just a phone call away!
It looks as though the KM threads on OwlsTalk have been deleted!?! Day 1 in the new job and she's already cleaning up negative comments on the internet!
You've got to be impressed.
Getting a cease and desist letter out to the owner of Owlstalk on a Bank Holiday is pretty impressive.
Cheery article from Newshopper who report that the Meire resignation came as a surprise to Duchatelet. Newshopper did break the news that Meire had another Job.
The first I heard of this was at the game yesterday. Was sat in the West upper just behind the press box and looked over Rich Cawleys shoulder and saw it there. Simply incredible.
I've spent a bit of time flicking through the owls talk thread on her and they seem to be in pretty much the situation we were a few years back. The beginning rumblings of discontent and a rift between owner and fans. If he thinks hiring KM will help then they are better off without him.
Has anyone told the Wendies fans about her impression of a child having a strop and foot stomping at the fan organised POTY do because Rick was going to be giving a speech about the 25 anniversary of the valley party. And her subsequent attempts to wrest the event out of fans control and into her own hands with culminated with there being no event last season.
Just caught up with the news. Read the thread on Owlstalk linked to above. Just goes to show how every club has similar fans, the OP writes direct quotes that we all know to be accurate, then someone who worships the chairman totally ignores the facts and mentions not taking notice of social media gossip. Then someone (maybe the same person) talks about her being given a chance to learn about the area and the history of the club - despite the OP telling them what she said about history at The Valley. Reminds me of some the posters we used to get on here, and in that other place. Extraordinary.
Addicks boss Karl Robinson said he was in tears when Meire, who was also given a role on the FA Council in 2016, announced her exit to Charlton staff, as potential takeover talks continue at The Valley.
Tears of joy...
Think Sky should have said she and not he! as: Addicks boss Robinson told News Shopper: “Katrien was in tears when she broke the news to staff [at the training ground]. I believe it was the same when she was at the Valley. The News Shopper is not noted for the quality of its journalism but on this occasion probably quoted KR correctly.
Thinking about it, it's not that different to industry in general. Once you are on that "CEO bandwagon" you are made for life. Look how many times a CEO has failed at one big company, been given a huge compensation cheque when shown the door, and then popped up six weeks later at another big company. Nice work if you can get it...
I wonder if she will be allowed to roll in to Hillsborough half an hour before kick off as she did many times in SE7? Or start her working day at 11 and go home at 4?
A bit gutted about this. Will be visiting Wednesday for JS research. He had a really successful time there winning two League title medals in a row as captain, in probably their most successful era. Won't any support from her, as we know her views on football history. Feel sorry for The Owls, a great old club.
I did like a couple of posts saying SWFC deserve her etc, as I don't have any time for of the fans of either club in that City based on past experiences. Plus the delusions of grandeur of a lot of Weds fans etc.
However, after some thought, I wouldn't even wish her on Millwall. For the good of football in general.
Actually I would wish her on Millwall simply because of the aggro she'd get if she went there.
So funny that the threads about her have gone. It's started....
Yes the one I was reading last night has deffo gone. I think we should try to have a chat with the admin guy on Owlstalk who posted up the vids and everything. I can see that there is a user on here with the handle @owlstalk (but banned!) . There was also one @owlsonlineadmin but that might be a a different board.
I know some people here are not well disposed towards that group of fans, (and clearly in some cases its mutual) but from what I saw on the Owlstalk thread, it's much like on here, the vast majority seemed decent and want the same things for their club as we do for ours. If it is true that he has had to delete that thread, for the reasons we suspect, that is simply outrageous (as I saw nothing there that was remotely libellous or abusive), and we should help them resist.
Comments
Selling good players is swapping one asset (a player) for another asset (cash.) A rational person would not see that as a "profit" at all. In fact, I look at it as cannibalizing one's assets. And you are right that the transfer well is running drier by the window.
But... there are many, many owners who are NOT rational. Football is littered with irrational people who neither know how to make money nor bring success on the pitch. So many in fact, that people like KM don't have trouble finding work. Football seems to take the "Peter Principle" to its ultimate level.
I am not saying I think she did a good job. I am saying OTHER owners might see it that way. And clearly... at least one has.
From day one, following our first encounter at a Fans' Forum meeting, I've always held Kitty ( as she asked me to call her) in the highest regard. In fact, it was clearly a case of mutual respect at first sight.....and, for my part, a degree of hero worship.
This was a woman in a senior position at MY football club ; something, many moons ago, I had dreamed of for myself.
However, it soon became abundantly clear that my feelings for Kitty were not shared by some of my fellow supporters.
Her every word was closely examined and misinterpretated.
Her mischievous misuse of the English language was ridiculed.
In fact, her quirky sense of humour was entirely lost on the majority of Addicks and at times, it appeared that only myself and our pal, Susie understood Kitty's weird little nuances. How we giggled amongst ourselves on reading just how far the majority of Lifers were missing the point !
Of course, I had to be extremely careful to cover my tracks in order not to reveal my true allegiance. I have spent many hours forcing myself to construct posts chock full of vitriol, criticism and disrespect whilst holding back the tears I felt in betraying my dear fiend in such a manner.
Taking this pretence to the ultimate level, I joined in the protests and even the visits to Belgium - the supreme sacrifice.
But, sadly, all good things come to an end and ultimately Kitty was driven away from our club despite the best efforts of her 2 faithful supporters. Our loss is Sheffield Mercredi's ( as she fondly calls them) gain and I'm confident she will swiftly win over those dour Yorkshiremen and women with her unique little ways. Before her tearful departure, she confided that she was looking forward to joining the Blades and to the challenge that this massive club had handed her. I made sure that she learnt the favourite saying in those parts so as to endear herself to all and sundry : " Howay the lads! "
All I hope is that our dearly departed pal finds the Yorkshire equivalent of both Susie and Fanny before too long as those early days in foreign parts can be difficult. As a parting gift, I presented her with my own pink pig, salvaged from that disgusting act of petulance last season, so that she'd think of me every time she looked at it. And finally, I assured her there would be a special place for her at May's POTY dinner as she missed out in 2016. At this invitation, her resolve crumpled and tears began to fall, cascading round that prominent, well known nose, as the tosser of that glossy mane left the building.
Life will never be the same.
THANK GOD !!!
Unless the only specification was "must be a Belgian female", how the fuck do you trawl the football world for a CEO and come up with Meire as your best option?
And remember they're not just getting Katrien here, but a host of know how from the Belgian lower leagues, Thomas Driesen and his playstation and best of all Uncle Roly is just a phone call away!
Getting a cease and desist letter out to the owner of Owlstalk on a Bank Holiday is pretty impressive.
Cheery article from Newshopper who report that the Meire resignation came as a surprise to Duchatelet. Newshopper did break the news that Meire had another Job.
Meire gets a bigger football job.
Fucking world’s gone mad. Laughable. Shocking. Depressing. Outrageous. Bonkers.
1. She is one tough negotiator
2. She drove down the cost base.
Since I have had over 24 hours to stop spluttering, whereas you lot are having your breakfasts, I'll just leave that there for you to digest....
Can’t wait for her to tell those in Sheffield how she plans to grow the club by going after those fans in Manchester and Liverpool.
I've spent a bit of time flicking through the owls talk thread on her and they seem to be in pretty much the situation we were a few years back. The beginning rumblings of discontent and a rift between owner and fans. If he thinks hiring KM will help then they are better off without him.
Has anyone told the Wendies fans about her impression of a child having a strop and foot stomping at the fan organised POTY do because Rick was going to be giving a speech about the 25 anniversary of the valley party. And her subsequent attempts to wrest the event out of fans control and into her own hands with culminated with there being no event last season.
She's bad news.
Being absolutely f***ing useless hasn't proved a barrier so far. I'm sure she'll get more new friends at Sheff Wednesday.
I am not a betting man but I am very tempted to put a bet on their relegation.
Addicks boss Robinson told News Shopper: “Katrien was in tears when she broke the news to staff [at the training ground]. I believe it was the same when she was at the Valley.
The News Shopper is not noted for the quality of its journalism but on this occasion probably quoted KR correctly.
However, after some thought, I wouldn't even wish her on Millwall. For the good of football in general.
Actually I would wish her on Millwall simply because of the aggro she'd get if she went there.
The woman is a virus.
I know some people here are not well disposed towards that group of fans, (and clearly in some cases its mutual) but from what I saw on the Owlstalk thread, it's much like on here, the vast majority seemed decent and want the same things for their club as we do for ours. If it is true that he has had to delete that thread, for the reasons we suspect, that is simply outrageous (as I saw nothing there that was remotely libellous or abusive), and we should help them resist.