Independent Leyton Orient Forum

Still wrong wrote: ↑Tue Apr 27, 2021 3:58 pm

BiggsyMalone wrote: ↑Mon Apr 26, 2021 9:25 pm

Still wrong wrote: ↑Mon Apr 26, 2021 9:12 pm

If you bothered to look at the accounts you will see there is a debt of over 14 million.
I am astonished by your stupidity.
How the hell are Orient going to survive in the Championship?
The wage bill will have to be over 14 million.
The ground holds 9200 and we would still struggle to get more than 5000 home fans turn up.
You only have to look at Wycombe.
And how do you think the club won’t lose money?
Charge 5 k for a season ticket?

Who do Leyton Orient owe 14m to? When Orient nearly got promoted to the Championship, did you want them to turn it down because little old Leyton Orient couldn’t possibly afford to be playing with the bigger boys?

You really have no clue how businesses grow or how to run them, do you. I suggest you take a couple of hours to learn and then answer me like a grown up instead of throwing mindless insults around.

Honestly, I’ve disagreed with a lot of people on here and peoples takes on football and the club. You by far, are the absolute worst when it comes to opinions. Your username is incredibly apt.

You have the cheek to tell me I have no clue about business and then follow it up with something a 5 year old could work out.
Who the hell do you think the debt is owed to?
The club is and has always been a financial basket case.
And if we had gone up in 2014 we would have come straight back down again unless there was massive investment in the team Brentford style.

EastDerehamO wrote: ↑Mon Apr 26, 2021 5:40 pm Jobi’s record so far is P 14, W 6, D 4, L 4, Pts 22

If extrapolated out to a season it would give us about 72 points, which is borderline play offs.

Worth bearing in mind he achieved that from a squad (minus Thompson) which had achieved 15 points from the previous 14 games, so Jobi has shown a 47% improvement on Embleton’s final equivalent number of fixtures.

I was not in favour of Jobi’s appointment, I felt we needed an experienced manager with some success on his CV and still hold to that view back then, but said I’d back him and give him a chance.

Based on the above stats he’s improved things, the football and results were dire at the end of Embleton’s reign, Jobi had to work with what he inherited, he’s had no transfer window. The football hasn’t been great for sure, but from a fair minded perspective he’s probably done enough to warrant the summer window to see what he can really deliver.

BiggsyMalone wrote: ↑Tue Apr 27, 2021 5:58 pm

Still wrong wrote: ↑Tue Apr 27, 2021 4:09 pm

Ronnie Hotdogs wrote: ↑Mon Apr 26, 2021 10:05 pm

We’re losing absolute fortunes.

At the time they took over, the P&L reserve was -£6.7m. The most recent accounts to 30/6/20 show -£14.1m. That’s £7.4m of losses in 3 years.

Of course we are.
It’s a rich mans hobby.
The only way we can break even consistently is to go semi pro.
It’s the wages that are killing lower league clubs, but it will continue while you have rich people with more money than sense who are prepared to stump up the loses.
Something they wouldn’t do in a normal company.

“Rich man’s hobby” you really are delusional. We have loads of investors lining up to invest in a club that’s ‘lost £14m’ just for a hobby

BiggsyMalone wrote: ↑Tue Apr 27, 2021 6:00 pm

Still wrong wrote: ↑Tue Apr 27, 2021 3:58 pm

BiggsyMalone wrote: ↑Mon Apr 26, 2021 9:25 pm
Who do Leyton Orient owe 14m to? When Orient nearly got promoted to the Championship, did you want them to turn it down because little old Leyton Orient couldn’t possibly afford to be playing with the bigger boys?

You really have no clue how businesses grow or how to run them, do you. I suggest you take a couple of hours to learn and then answer me like a grown up instead of throwing mindless insults around.

Honestly, I’ve disagreed with a lot of people on here and peoples takes on football and the club. You by far, are the absolute worst when it comes to opinions. Your username is incredibly apt.

You have the cheek to tell me I have no clue about business and then follow it up with something a 5 year old could work out.
Who the hell do you think the debt is owed to?
The club is and has always been a financial basket case.
And if we had gone up in 2014 we would have come straight back down again unless there was massive investment in the team Brentford style.

No, I want you to tell me where that £14m has gone.

What do you want Orient to do? It sounds to me like you don’t want them to ever get promoted. You really are a strange man.

EastDerehamO wrote: ↑Mon Apr 26, 2021 5:40 pm Jobi’s record so far is P 14, W 6, D 4, L 4, Pts 22

If extrapolated out to a season it would give us about 72 points, which is borderline play offs.

Worth bearing in mind he achieved that from a squad (minus Thompson) which had achieved 15 points from the previous 14 games, so Jobi has shown a 47% improvement on Embleton’s final equivalent number of fixtures.

I was not in favour of Jobi’s appointment, I felt we needed an experienced manager with some success on his CV and still hold to that view back then, but said I’d back him and give him a chance.

Based on the above stats he’s improved things, the football and results were dire at the end of Embleton’s reign, Jobi had to work with what he inherited, he’s had no transfer window. The football hasn’t been great for sure, but from a fair minded perspective he’s probably done enough to warrant the summer window to see what he can really deliver.

Still wrong wrote: ↑Tue Apr 27, 2021 6:43 pm

BiggsyMalone wrote: ↑Tue Apr 27, 2021 6:00 pm

Still wrong wrote: ↑Tue Apr 27, 2021 3:58 pm
You have the cheek to tell me I have no clue about business and then follow it up with something a 5 year old could work out.
Who the hell do you think the debt is owed to?
The club is and has always been a financial basket case.
And if we had gone up in 2014 we would have come straight back down again unless there was massive investment in the team Brentford style.

No, I want you to tell me where that £14m has gone.

What do you want Orient to do? It sounds to me like you don’t want them to ever get promoted. You really are a strange man.

L1 is our level.
Even Kent has said that.
He knows the Championship is well out of our league.
And he’s right.

Still wrong wrote: ↑Tue Apr 27, 2021 6:40 pm

BiggsyMalone wrote: ↑Tue Apr 27, 2021 5:58 pm

Still wrong wrote: ↑Tue Apr 27, 2021 4:09 pm
Of course we are.
It’s a rich mans hobby.
The only way we can break even consistently is to go semi pro.
It’s the wages that are killing lower league clubs, but it will continue while you have rich people with more money than sense who are prepared to stump up the loses.
Something they wouldn’t do in a normal company.

“Rich man’s hobby” you really are delusional. We have loads of investors lining up to invest in a club that’s ‘lost £14m’ just for a hobby

Are you really that stupid?
Look at the accounts.
If you seriously believe there are loads of investors looking to throw money down the drain then you are at best naive.
No one is going to put in any serious money without full control.
Even then they will look at the books and the history of the club and realise it’s a no win situation.
A subsidised home gate of 5000. (Try getting anybody to pay £22+ on the day in large numbers)
3 well supported clubs nearby.
I would have thought the players wage bill is close to 2.5 million.
Our gate money is probably about 1.6 million.
On top of the assorted backroom staff, maintenance of a ground we don’t own and all the other cost in running a club, you don’t have to be a financial genius to realise it’s a mugs game.
The loses are horrendous and the club, like many at our level, only survives by the support of a rich owner.
This is fine until the benefactor runs out of money or interest.

BiggsyMalone wrote: ↑Tue Apr 27, 2021 9:46 pm

Still wrong wrote: ↑Tue Apr 27, 2021 6:40 pm

BiggsyMalone wrote: ↑Tue Apr 27, 2021 5:58 pm
“Rich man’s hobby” you really are delusional. We have loads of investors lining up to invest in a club that’s ‘lost £14m’ just for a hobby

Are you really that stupid?
Look at the accounts.
If you seriously believe there are loads of investors looking to throw money down the drain then you are at best naive.
No one is going to put in any serious money without full control.
Even then they will look at the books and the history of the club and realise it’s a no win situation.
A subsidised home gate of 5000. (Try getting anybody to pay £22+ on the day in large numbers)
3 well supported clubs nearby.
I would have thought the players wage bill is close to 2.5 million.
Our gate money is probably about 1.6 million.
On top of the assorted backroom staff, maintenance of a ground we don’t own and all the other cost in running a club, you don’t have to be a financial genius to realise it’s a mugs game.
The loses are horrendous and the club, like many at our level, only survives by the support of a rich owner.
This is fine until the benefactor runs out of money or interest.

We’ll try again. Where is that £14m? How has the club lost that much money in such little time? How did that double from £7m in next to no time?

Try answering my question instead of rambling on about something irrelevant

moonwalk19 wrote: ↑Tue Apr 27, 2021 10:21 pm

BiggsyMalone wrote: ↑Tue Apr 27, 2021 9:46 pm

Still wrong wrote: ↑Tue Apr 27, 2021 6:40 pm

Are you really that stupid?
Look at the accounts.
If you seriously believe there are loads of investors looking to throw money down the drain then you are at best naive.
No one is going to put in any serious money without full control.
Even then they will look at the books and the history of the club and realise it’s a no win situation.
A subsidised home gate of 5000. (Try getting anybody to pay £22+ on the day in large numbers)
3 well supported clubs nearby.
I would have thought the players wage bill is close to 2.5 million.
Our gate money is probably about 1.6 million.
On top of the assorted backroom staff, maintenance of a ground we don’t own and all the other cost in running a club, you don’t have to be a financial genius to realise it’s a mugs game.
The loses are horrendous and the club, like many at our level, only survives by the support of a rich owner.
This is fine until the benefactor runs out of money or interest.

We’ll try again. Where is that £14m? How has the club lost that much money in such little time? How did that double from £7m in next to no time?

Try answering my question instead of rambling on about something irrelevant

The Directors Report for the year ending June 2020 which was issued to all shareholders shows a profit/ loss of just over £14m. That’s probably where that figure comes from.

Ronnie Hotdogs wrote: ↑Tue Apr 27, 2021 10:41 pm It averages at £2.5m loss per year.

That’s what everyone already understands, isn’t it?

BiggsyMalone wrote: ↑Tue Apr 27, 2021 10:30 pm

moonwalk19 wrote: ↑Tue Apr 27, 2021 10:21 pm

BiggsyMalone wrote: ↑Tue Apr 27, 2021 9:46 pm
We’ll try again. Where is that £14m? How has the club lost that much money in such little time? How did that double from £7m in next to no time?

Try answering my question instead of rambling on about something irrelevant

The Directors Report for the year ending June 2020 which was issued to all shareholders shows a profit/ loss of just over £14m. That’s probably where that figure comes from.

I get that, I just want the really intelligent money expert Still Wrong to explain to the really ‘stupid’ me exactly where that money has gone.

Still wrong wrote: ↑Wed Apr 28, 2021 5:14 pm

BiggsyMalone wrote: ↑Tue Apr 27, 2021 10:30 pm

moonwalk19 wrote: ↑Tue Apr 27, 2021 10:21 pm

The Directors Report for the year ending June 2020 which was issued to all shareholders shows a profit/ loss of just over £14m. That’s probably where that figure comes from.

I get that, I just want the really intelligent money expert Still Wrong to explain to the really ‘stupid’ me exactly where that money has gone.

I already explained.
Now stop being a idiot and look at the accounts.
Get a 5 year old to help you read it.
You never know you might think it’s a great investment
https://s3.eu-west-2.amazonaws.com/docu ... 4eaaf09297

BiggsyMalone wrote: ↑Fri Apr 30, 2021 5:34 pm

Still wrong wrote: ↑Wed Apr 28, 2021 5:14 pm

BiggsyMalone wrote: ↑Tue Apr 27, 2021 10:30 pm
I get that, I just want the really intelligent money expert Still Wrong to explain to the really ‘stupid’ me exactly where that money has gone.

I already explained.
Now stop being a idiot and look at the accounts.
Get a 5 year old to help you read it.
You never know you might think it’s a great investment
https://s3.eu-west-2.amazonaws.com/docu ... 4eaaf09297

It’s ‘an idiot’. You haven’t explained anything. You’ve waffled on about something irrelevant and avoided what I asked. So we’ll try again, where is that £14m? Post a link that works too.

Still wrong wrote: ↑Fri Apr 30, 2021 10:23 pm

BiggsyMalone wrote: ↑Fri Apr 30, 2021 5:34 pm

Still wrong wrote: ↑Wed Apr 28, 2021 5:14 pm

I already explained.
Now stop being a idiot and look at the accounts.
Get a 5 year old to help you read it.
You never know you might think it’s a great investment
https://s3.eu-west-2.amazonaws.com/docu ... 4eaaf09297

It’s ‘an idiot’. You haven’t explained anything. You’ve waffled on about something irrelevant and avoided what I asked. So we’ll try again, where is that £14m? Post a link that works too.

Look it up yourself.
Or get someone with a Brain to do it for you and explain the appalling loses on the accounts.
Only a idiot like you would think that a lower league football club is anything but rich mans hobby.

Ronnie Hotdogs wrote: ↑Sat May 01, 2021 8:18 am I don’t know where you two are going with this.

There was a negative p&l reserve of £7m at 30/6/2017, just after T&T took over. So £7m of accumulated historic losses.

3 years later, there is a negative p&l reserve of some £14m. So T&T have overseen losses of £7m up to 30/6/2020, around £2.5m per year.

Can you two pack it in now?

Beradogs wrote: ↑Sat May 01, 2021 8:58 am Jobi needs to cut out the “for me” and “again” and “from our point of view” and any other way of speaking that he has been media trained in. Not nit picking, his interviews don’t seem genuine and are just a collection of cliches. Aside from that, pretty sure he will get the job and wish him all the best.