Davefevs Posted July 23, 2020 Report Share Posted July 23, 2020 Firstly, thoughts with those losing their jobs. Not good news, and nor will timing with a new managerial appointment. Secondly, £8m losses. AG Ltd is part of Bristol City Holdings and it’s accounts are what we use to submit our FFP numbers. Some of that £8m will be netted off of Bristol City FC, e.g. Football side won’t have to pay for certain services, because they’ve not used them, but this company structure is generally used to help our FFP submission. Mark Ashton mentioned austerity. This certainly backs it up. Link to comment Share on other sites More sharing options...
BrizzleRed Posted July 23, 2020 Report Share Posted July 23, 2020 Curious timing. Hope this isn’t being done to prepare us for a less than inspiring Head Coach appointment. Link to comment Share on other sites More sharing options...
BLRed Posted July 23, 2020 Report Share Posted July 23, 2020 No doubt sales of fam and eliasson will be used to balance books rather than provide some kind of transfer kitty. Link to comment Share on other sites More sharing options...
LondonBristolian Posted July 23, 2020 Report Share Posted July 23, 2020 9 minutes ago, BOSRed said: No doubt sales of fam and eliasson will be used to balance books rather than provide some kind of transfer kitty. I think they would anyway. But I honestly don't think we need a lot. At most could do with a new right back*, new left back cover**, one more midfielder***, a replacement for Fam**** and maybe a replacement for Afobe. *though you could argue Vyner can step up. **though you could argue Rowe has never let us down. ***if Smith goes ****if he goes If we can move on a few players to free up funds for those players, all well and good. But I really hope the new manager is a fan of evolution rather than revolution. Link to comment Share on other sites More sharing options...
Bristol Rob Posted July 23, 2020 Report Share Posted July 23, 2020 Sad, but inevitable. No corporate events, no concerts, no food and no drink. Link to comment Share on other sites More sharing options...
Davefevs Posted July 23, 2020 Author Report Share Posted July 23, 2020 14 minutes ago, BrizzleRed said: Curious timing. Hope this isn’t being done to prepare us for a less than inspiring Head Coach appointment. To give enough notice for end of Furlough scheme. Link to comment Share on other sites More sharing options...
Roger Red Hat Posted July 23, 2020 Report Share Posted July 23, 2020 15 minutes ago, BrizzleRed said: Curious timing. Isn't the furlough scheme changing soon? Link to comment Share on other sites More sharing options...
Red Army 75 Posted July 23, 2020 Report Share Posted July 23, 2020 Shame. Tough times Link to comment Share on other sites More sharing options...
Guest Posted July 23, 2020 Report Share Posted July 23, 2020 4 minutes ago, Roger Red Hat said: Isn't the furlough scheme changing soon? Yep scheme changes from 1st August. AGL won't be the only one doing this, sadly. Link to comment Share on other sites More sharing options...
LondonBristolian Posted July 23, 2020 Report Share Posted July 23, 2020 Desperately sad for anyone losing their jobs or affected by it. The announcement of a new manager - especially a big name - may be quite a bitter pill for them to swallow. Link to comment Share on other sites More sharing options...
Yank Posted July 23, 2020 Report Share Posted July 23, 2020 Hate to hear that tough time to be losing your job.Thoughts with those affected.I am fortunate as it were to work in an in demand field(Mental health) Link to comment Share on other sites More sharing options...
Lrrr Posted July 23, 2020 Report Share Posted July 23, 2020 2 minutes ago, LondonBristolian said: Desperately sad for anyone losing their jobs or affected by it. The announcement of a new manager - especially a big name - may be quite a bitter pill for them to swallow. Football club and stadium are separate Link to comment Share on other sites More sharing options...
LondonBristolian Posted July 23, 2020 Report Share Posted July 23, 2020 2 minutes ago, Lrrr said: Football club and stadium are separate I realise that. But I'd imagine the businesses and their finances/employees are nonetheless linked enough for people to feel a connection... Link to comment Share on other sites More sharing options...
Dave L Posted July 23, 2020 Report Share Posted July 23, 2020 Very sad news this. Some good people will lose their jobs. Link to comment Share on other sites More sharing options...
Davefevs Posted July 23, 2020 Author Report Share Posted July 23, 2020 8 minutes ago, Lrrr said: Football club and stadium are separate But......joined together under Bristol City Holdings....which as I state above, directly affect our FFP position. Link to comment Share on other sites More sharing options...
Lrrr Posted July 23, 2020 Report Share Posted July 23, 2020 Just now, Davefevs said: But......joined together under Bristol City Holdings....which as I stare above, directly affect our FFP position. True but more talking about people on social media who talk about club spending being shameful in this position, don't think we could send money to AG company to help them if you get what I mean, but people still blame the club. Link to comment Share on other sites More sharing options...
Monkeh Posted July 23, 2020 Report Share Posted July 23, 2020 5 minutes ago, LondonBristolian said: I realise that. But I'd imagine the businesses and their finances/employees are nonetheless linked enough for people to feel a connection... No, the clubs finances aren't linked, its a separate company, Those losing their jobs will come from all parts of the stadium operation Its sad but millions could be in the same boat soon thanks to covid Link to comment Share on other sites More sharing options...
Davefevs Posted July 23, 2020 Author Report Share Posted July 23, 2020 Just now, Monkeh said: No, the clubs finances aren't linked, its a separate company, Those losing their jobs will come from all parts of the stadium operation Its sad but millions could be in the same boat soon thanks to covid Part of same holding company though. Link to comment Share on other sites More sharing options...
Monkeh Posted July 23, 2020 Report Share Posted July 23, 2020 1 minute ago, Davefevs said: Part of same holding company though. Ffp is calculated on the football clubs finances not the holding companies Link to comment Share on other sites More sharing options...
LondonBristolian Posted July 23, 2020 Report Share Posted July 23, 2020 5 minutes ago, Monkeh said: No, the clubs finances aren't linked, its a separate company, Those losing their jobs will come from all parts of the stadium operation Its sad but millions could be in the same boat soon thanks to covid As @Davefevs says, it is a separate company but linked through ownership so it's only natural people will think "the owners are prepared to put the money here but not here". I'm not saying that's a fair or valid thing to think and it's obviously way more complicated than that but, if a company make you redundant whilst making an ambitious appointment in another related business they own, it would be natural for people to feel a bit ambivalent about that As you say, millions will be in the same boat. The events industry is going to go through a tsunami in the months to come. Link to comment Share on other sites More sharing options...
Davefevs Posted July 23, 2020 Author Report Share Posted July 23, 2020 3 minutes ago, Monkeh said: Ffp is calculated on the football clubs finances not the holding companies No it’s not....I’m 100% sure of this. It’s why I continually quote the structure because of it’s relevance. Link to comment Share on other sites More sharing options...
Monkeh Posted July 23, 2020 Report Share Posted July 23, 2020 2 minutes ago, LondonBristolian said: As @Davefevs says, it is a separate company but linked through ownership so it's only natural people will think "the owners are prepared to put the money here but not here". I'm not saying that's a fair or valid thing to think and it's obviously way more complicated than that but, if a company make you redundant whilst making an ambitious appointment in another related business they own, it would be natural for people to feel a bit ambivalent about that As you say, millions will be in the same boat. The events industry is going to go through a tsunami in the months to come. yea sadly and it will be the events side that is hardest hit at ashton gate I suspect, that and the conference centre thing as more businesses embrace the likes of Microsoft teams Link to comment Share on other sites More sharing options...
EstoniaTallinnRed Posted July 23, 2020 Report Share Posted July 23, 2020 13 minutes ago, LondonBristolian said: Desperately sad for anyone losing their jobs or affected by it. The announcement of a new manager - especially a big name - may be quite a bitter pill for them to swallow. Unfortunately, it's the way of the World. I myself was made redundant 5, yes 5 times during Mrs Thatchers rein of terror and times were hard, still I managed to find work and got by. I know it's not exactly the same as this situation and it will be hard for everyone who loses their job because of this crisis, but in my experience most people are very adaptable and will always find a way to survive and even improve sometimes, I know I did. I wish everyone who is in this position good luck and never give up what ever happens. Link to comment Share on other sites More sharing options...
Monkeh Posted July 23, 2020 Report Share Posted July 23, 2020 1 minute ago, Davefevs said: No it’s not....I’m 100% sure of this. It’s why I continually quote the structure because of it’s relevance. so do they take the rugby clubs finances into account as well as they are part of Bristol sport which is part of Bristol city holdings? Link to comment Share on other sites More sharing options...
Northern Red Posted July 23, 2020 Report Share Posted July 23, 2020 31 minutes ago, Davefevs said: To give enough notice for end of Furlough scheme. 31 minutes ago, Roger Red Hat said: Isn't the furlough scheme changing soon? Indeed, but why should anyone let that get in the way of a dig? Link to comment Share on other sites More sharing options...
View from the Dolman Posted July 23, 2020 Report Share Posted July 23, 2020 2 minutes ago, Monkeh said: so do they take the rugby clubs finances into account as well as they are part of Bristol sport which is part of Bristol city holdings? Nope, Bristol Sport isn't part of the Bristol City Holdings group. Link to comment Share on other sites More sharing options...
RoystonFoote'snephew Posted July 23, 2020 Report Share Posted July 23, 2020 Sad news for those affected. I hope the consultation pricess goes well and those that want/need them find alternative employment quickly. Makes me glad I'm now retired. Link to comment Share on other sites More sharing options...
Davefevs Posted July 23, 2020 Author Report Share Posted July 23, 2020 3 minutes ago, Monkeh said: so do they take the rugby clubs finances into account as well as they are part of Bristol sport which is part of Bristol city holdings? No, the structure of Bristol City Holdings, contains 2 businesses: Bristol City Football Club Ltd Ashton Gate Stadium Ltd Bristol Sport Ltd is separate, but part of Pula. Bristol Rugby club pay rent to AGS Ltd, as do BCFC Ltd. Both Rugby and Football pay Bristol Sport for ticketing, media etc. Thanks to @Coppellofor the initial pic which I added the scribble to. Link to comment Share on other sites More sharing options...
LondonBristolian Posted July 23, 2020 Report Share Posted July 23, 2020 4 minutes ago, EstoniaTallinnRed said: Unfortunately, it's the way of the World. I myself was made redundant 5, yes 5 times during Mrs Thatchers rein of terror and times were hard, still I managed to find work and got by. I know it's not exactly the same as this situation and it will be hard for everyone who loses their job because of this crisis, but in my experience most people are very adaptable and will always find a way to survive and even improve sometimes, I know I did. I wish everyone who is in this position good luck and never give up what ever happens. Agreed. I think the only positive, if there is such a thing, is there is every reason to think that, once the threat of COVID has receded to safe level, the events industry will return to full capacity. Hopefully, in a year or two, those jobs will return and businesses will need more staff again. It doesn't help anyone who needs that work for the next year or two though. Link to comment Share on other sites More sharing options...
BrizzleRed Posted July 23, 2020 Report Share Posted July 23, 2020 24 minutes ago, Roger Red Hat said: Isn't the furlough scheme changing soon? True, as Davefevs just pointed out. I hadn’t thought of that, but coming at the point we’re expecting to hear who the new HC is going to be, I wondered if this was more than a coincidence. Really sorry for all the staff involved though. The whole furlough scheme was supposed to be tiding businesses over until revenue starts flowing again, so it’s disappointing this is happening now. I’d hope something could be done with the ffp rules, just to give clubs some leeway to absorb some of the losses from this hellish year and save some jobs in the process. Link to comment Share on other sites More sharing options...
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