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  1. #1
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    Sustainability

    The club's recently released accounts show a trading loss of £100k for last season which is actually an improvement over the previous year which were hidden through the write off of historic deferred grants. This is clearly unsustainable over the long-term and will require another more lucrative source of income with crowds ever diminishing for full-time football to continue. I am becoming more and more concerned for the future of our great wee club and hopefully the board have some initiative up their sleeves to arrest this financial downturn. Then again if the Dumfries public would only come out and support their ain team we wouldn't have to face this unsure future. If only!!!!

  2. #2
    A worrying loss of £102,000 but not surprising Spike. We should thank our lucky stars we’ve the extra revenue from the Queens Arena or we’d really be in the s@&t

    The AGM is set for Monday 26th Feb down at the Nith Hotel. It’ll be interesting to hear what plans the Chairman has for the future

  3. #3
    Before everyone jumps on the crowd issue (which admittedly is a problem) the loss made this year is primarily the drop of £250k worth of commercial income which definitely needs explained at the agm and best guess is linked to the concert debacle. A worrying trend is the drop in income from the arena and pitch hire as well. I still struggle to understand what the wage bill/budget truly is as our cost of sales is really high which for me doesnít marry up with the image that weíre a plucky team trying to compete with the big boys. The cash at bank was actually ok due to good debtor/creditor controls but as for 2017 iíd project a further tangible loss iím Guessing the funds are gone hence our current skint position. Interesting in notes that our chairman carries out maintenance for free, if so can we get some done then on the various bits of ground that are becoming a real concern.

    In the same way last years profit masked an awful trading year, do bear in mind accounts are reported in a way that doesnít show always a true position, the loss is actually not as heavy as it seems as includes heavy depreciation of assets, true position or ebitda is somewhere less than half of the bottom figure.

  4. #4

    Angry

    Quote Originally Posted by Scottyboy10 View Post
    Before everyone jumps on the crowd issue (which admittedly is a problem) the loss made this year is primarily the drop of £250k worth of commercial income which definitely needs explained at the agm and best guess is linked to the concert debacle. A worrying trend is the drop in income from the arena and pitch hire as well. I still struggle to understand what the wage bill/budget truly is as our cost of sales is really high which for me doesnít marry up with the image that weíre a plucky team trying to compete with the big boys. The cash at bank was actually ok due to good debtor/creditor controls but as for 2017 iíd project a further tangible loss iím Guessing the funds are gone hence our current skint position. Interesting in notes that our chairman carries out maintenance for free, if so can we get some done then on the various bits of ground that are becoming a real concern.

    In the same way last years profit masked an awful trading year, do bear in mind accounts are reported in a way that doesnít show always a true position, the loss is actually not as heavy as it seems as includes heavy depreciation of assets, true position or ebitda is somewhere less than half of the bottom figure.

    So Mr Chairmanís companies carry out maintenance for free around Palmerston !!! Probably the least he can do considering the amount of money he made off the selling of the land next to the Arena , the refurbishment of the Arena and those new changing rooms that nobody has ever seen.
    Only one winner there

  5. #5
    Considering the state of the ground and surrounding area i could put in the accounts that I provide maintenance free of charge too, as we donít seem to do much. Would love to see someone really challenge the board this year what is the plans, how long before more land dissapears for housing!

  6. #6
    I’m almost certain that every penny Mr Hewitson made from sale of that piece of land was to be put back into Queens

    Bought for £124,000 and sold for £360,000 allegedly . Has it ??!

  7. #7
    Quote Originally Posted by aloreburn View Post
    Iím almost certain that every penny Mr Hewitson made from sale of that piece of land was to be put back into Queens

    Bought for £124,000 and sold for £360,000 allegedly . Has it ??!

    i said it from day 1 when hewitson took charge ,he would gradually sell off our assets for his own gain ,the happy clappers couldnt see it as usual ,this man needs to be put on the spot and asked some serious questions face to face with the fans ,no wonder thay didnt want a fan on the board ,all the hidden agendas would have become public knowledge ,surely the blounts wouldnt let these things happen tho surely as there suppose to be queens men .

  8. #8
    Quote Originally Posted by Francis_begbie_HFC View Post
    i said it from day 1 when hewitson took charge ,he would gradually sell off our assets for his own gain ,the happy clappers couldnt see it as usual ,this man needs to be put on the spot and asked some serious questions face to face with the fans ,no wonder thay didnt want a fan on the board ,all the hidden agendas would have become public knowledge ,surely the blounts wouldnt let these things happen tho surely as there suppose to be queens men .

    Either turn up at the AGM and ask him or get a good solicitor

  9. #9
    Quote Originally Posted by johnny_dumfries View Post
    Either turn up at the AGM and ask him or get a good solicitor
    hmmmm im baffled here im replying to quotes that people are already suggesting ,and iv responded to what i think it looks like everyone else is already thinking ,and why the fffk would i be needing a solicitor ,people on previous posts have brought all this up anyways im just adding to what the thoughts are ,i surely will be asking them if i see them ,asking what the hell is going on with the sales of these asset lands ,defo for sure .

  10. #10
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    Quote Originally Posted by Francis_begbie_HFC View Post
    i said it from day 1 when hewitson took charge ,he would gradually sell off our assets for his own gain ,the happy clappers couldnt see it as usual ,this man needs to be put on the spot and asked some serious questions face to face with the fans ,no wonder thay didnt want a fan on the board ,all the hidden agendas would have become public knowledge ,surely the blounts wouldnt let these things happen tho surely as there suppose to be queens men .
    Very damning accusations Francis of the Chairman of Queens which I do hope you can substantiate however as has already been said you can attend the AGM and put them to the BoD directly and see what their collective response will be.

  11. #11
    Quote Originally Posted by Spikefaethesouth View Post
    Very damning accusations Francis of the Chairman of Queens which I do hope you can substantiate however as has already been said you can attend the AGM and put them to the BoD directly and see what their collective response will be.


    i cant substantiate anything spike its all hearsay ,all this has been the talk of the toon ,im just pointing out what iv been hearing ,and theres no accusations ,but theres defo alot of questions to be answered id say .

  12. #12
    i always post what i hear on the street from other queens fans no matter how dambing or bad it sounds as its good to hear other peoples thinking of matters .

  13. #13
    Quote Originally Posted by Francis_begbie_HFC View Post
    i said it from day 1 when hewitson took charge ,he would gradually sell off our assets for his own gain ,the happy clappers couldnt see it as usual ,this man needs to be put on the spot and asked some serious questions face to face with the fans ,no wonder thay didnt want a fan on the board ,all the hidden agendas would have become public knowledge ,surely the blounts wouldnt let these things happen tho surely as there suppose to be queens men .

    You have answered your own question in the last line.

    Considering what has happened at some of the biggest Clubs in the country we should be grateful that we have people running the Club who are fans and that want to do their best for it.

    I think the Board have done pretty much all they can to keep us going - where would we be without the arena , I think we all know the answer to that one.

    The only thing I think they have got wrong was firing Fowler and then - after Skelton - appointing Naysmith who is the most negative and uninspiring Manager we have ever had.

    That's two things actually !

  14. #14
    Quote Originally Posted by nithvalley View Post
    You have answered your own question in the last line.

    Considering what has happened at some of the biggest Clubs in the country we should be grateful that we have people running the Club who are fans and that want to do their best for it.

    I think the Board have done pretty much all they can to keep us going - where would we be without the arena , I think we all know the answer to that one.

    The only thing I think they have got wrong was firing Fowler and then - after Skelton - appointing Naysmith who is the most negative and uninspiring Manager we have ever had.

    That's two things actually !



    i dinae ken likes but ,all i want is for my club queens to be as big as thay can be ,and i like to be in the know if theres was anything not right ,all i can see is queens need to generate there money outwith the football side ,no where near enough cash can be made through gate money these days to pay a decent teams wages ,if what aloreburn said about the whole roof of the arena covered in solar panels id like to think whith that many the arena and palmy will be self sufficient for electricity and should be operating at 0 cost to the club ,we need more ways to generate income at queens ,that arena makes a not bad profit each year ,now id like to see queens going down a root like building more of these kind of arenas around the country ,thats how Bannatyne started with one gym now look at him billions of quids later he has umpteen of them ,the money generated from something like that all going into queens bank account ,we would then be a force to be reckoned with .the trick is we need to be functioning without the need of relying on paying fans .
    Last edited by Francis_begbie_HFC; 12-02-2018 at 11:42 PM.

  15. #15
    all a pipe dream i know but its the very few individuals that make these types of dream reality that ends up stinking rich .

  16. #16
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    So it is merely hearsay.

  17. #17
    yep i didnt like the fact when i first heard the land was being sold in the first place and wondered who was getting what out of it ,and there has been a whole lot of talk iv heard going around ,youv prob or must have heard it yourself spike ,id like to know what queens got out of the sale .

  18. #18
    Ive heard that to francis even mr hewitsons companys are building tbings in the areana for other parties

    Youll get the space if u use this company to build it

  19. #19
    is that sumin to do with the bbc donny.i heard someone yap aboot sumin like that at the st mirren game .

  20. #20
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    Quote Originally Posted by Francis_begbie_HFC View Post
    yep i didnt like the fact when i first heard the land was being sold in the first place and wondered who was getting what out of it ,and there has been a whole lot of talk iv heard going around ,youv prob or must have heard it yourself spike ,id like to know what queens got out of the sale .
    Yes I have heard these rumours, mainly on the social media such as this, however without knowing the actual details it will remain as purely unsubstantiated speculation and a mechanism for launching attacks on the Chairman.

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