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[swindellsworth]

It's truly devastating news to all you devoted fans Aussie Shaymen . I sincerely hope there is a silver lining for you all from some avenue along the way for it does'nt look good at all atm . Halifax have a proud history , i even remember when you hammered Man City 1-0 in the FA cup in 1980 !
 In this chapter of your adventure you have become one of Alty's main and most respected rivals and we have had many close and exciting battles down the years . I'm sure i speak for all at Alty in wishing you the best and better times ahesd .

[Mick]

Thanks for that AussieShaymen. I missed the not for profit bit. Good luck with that. It sounds like you need a philanthropist or someone with a bit of vision.

It looks like the first step is to understand why there's a shortfall of £160K a year and what the chances are of being able to address that6.
I take your point about Halifax being a bigger club historically. Really, rather than looking at us you should be taking a good look at how Spirites have managed to turn things around imho.

Nope.....The Spirerites have a number of millionaire backers on board....all are genuine fans from the town. The Chesterfield model is not based on any commercial genius...just money.

Like Notts County and Wrexham, they have a substantial fanbase when winning. Crowds Altrincham and Halifax can only aspire to

[Saughall Robin]

We're getting crowds now that I used to only aspire to! 😉

[cheshire cat]

That's interesting Saughall Robin. I was monitoring them during the Covid seasons. They were pleading poverty and applied for a a grant rather than a loan during the second round of handouts.
Maybe the local money men have come on board since then. 

Looking at The Shay, you would think that the infrastructure is there to do well. We are doing well despite the infrastructure!

[HashtagAlty]

Thanks for that AussieShaymen. I missed the not for profit bit. Good luck with that. It sounds like you need a philanthropist or someone with a bit of vision.

It looks like the first step is to understand why there's a shortfall of £160K a year and what the chances are of being able to address that.
I take your point about Halifax being a bigger club historically. Really, rather than looking at us you should be taking a good look at how Spirites have managed to turn things around imho.

Chesterfield? They're in millions of pounds of debt. Hardly a recipe for success

[Wilmslow Alty]

How bad is the debt? Likely to be recouped with promotoin?

[Mick]

That's interesting Saughall Robin. I was monitoring them during the Covid seasons. They were pleading poverty and applied for a a grant rather than a loan during the second round of handouts.
Maybe the local money men have come on board since then. 

Looking at The Shay, you would think that the infrastructure is there to do well. We are doing well despite the infrastructure!

They had a local money man in Dave Allen....ex Sheff Weds owner....he is a multi millionaire  who runs casinos and dog tracks.....hmmmm. He withdrew his backing after a fall out and the club went from the L1 playoffs to almost ConfN as a result.The club is now owned by a Community Trust and run by committee.
They did well during covid....they won an insurance claim having been seemingly insured against any losses during a pandemic.
No idea if they in a good or dire financial position. I have a friend within the club who insists the former. What I do know is they will challenge for a second promotion next season

[HashtagAlty]

How bad is the debt? Likely to be recouped with promotoin?

Despite big cup runs its multi millions.

[Mick]

How bad is the debt? Likely to be recouped with promotoin?

Despite big cup runs its multi millions.

How do you know this Hashtag.....what is your source ?.....Accounts are not public....or speculation based on wage bill

[Bob]

How bad is the debt? Likely to be recouped with promotoin?

Despite big cup runs its multi millions.

How do you know this Hashtag.....what is your source ?.....Accounts are not public....or speculation based on wage bill

Chesterfield's accounts are in the public domain, they are legally known as CFC 2001 Ltd and on Companies House. A quick look at the most recent accounts for 2021/2 showed they lost about £2.4m but a share issue and probable writing off of debts has made them solvent. Will be interesting to see where they are up to as of last summer when the accounts are published.

[Mick]

How bad is the debt? Likely to be recouped with promotoin?

Despite big cup runs its multi millions.

How do you know this Hashtag.....what is your source ?.....Accounts are not public....or speculation based on wage bill

Chesterfield's accounts are in the public domain, they are legally known as CFC 2001 Ltd and on Companies House. A quick look at the most recent accounts for 2021/2 showed they lost about £2.4m but a share issue and probable writing off of debts has made them solvent. Will be interesting to see where they are up to as of last summer when the accounts are published.

Thanks.
They lost a lot of money then....but that does not necessarily mean they are millions in debt.....if losses fully covered with no strings attached..which I believe is the case.
BTW our accounts are not dissimilar recently, albeit not in the same magnitude regards losses.

Interesting to see how it pans out then at Chesterfield.

[HashtagAlty]

How bad is the debt? Likely to be recouped with promotoin?

Despite big cup runs its multi millions.

How do you know this Hashtag.....what is your source ?.....Accounts are not public....or speculation based on wage bill

Chesterfield's accounts are in the public domain, they are legally known as CFC 2001 Ltd and on Companies House. A quick look at the most recent accounts for 2021/2 showed they lost about £2.4m but a share issue and probable writing off of debts has made them solvent. Will be interesting to see where they are up to as of last summer when the accounts are published.

Thanks.
They lost a lot of money then....but that does not necessarily mean they are millions in debt.....if losses fully covered with no strings attached..which I believe is the case.
BTW our accounts are not dissimilar recently, albeit not in the same magnitude regards losses.

Interesting to see how it pans out then at Chesterfield.

They were in debt, if a share issue fixed it, but that only solved that (2 years ago) they've hardly dropped off spending