Originally Posted by
ballengeich
I've been looking back at the interim accounts up to 31/12/14 and doing some basic calculations. They had revenue of £13.1m and expenditure of £16.1m so a trading loss of £3m, but that was in a period in which they made £1m from the Commonwealth Games and a Scotland international, so I reckon that if they maintained their current level of income and spending they'd be looking at an £8m loss for next season.
However, King's talking about raising player spend to £12m from I believe about £6m. To counter that he wants 45,000 season tickets sold - unlikely. The average gate up to 31/12/15 was 32,500 (it doesn't matter much over a season whether they pay on the day or have seasons) so if they got a 10,000 increase next season they'd increase income by about £4m. To me it looks as if his plan for next season needs at least £10m to cover losses before they even start building a scouting network or repairing the neglected buildings. I don't think it's going to happen.
Looking further forward, the plan is to run the club at a massive loss for 3 years after which it will suddenly break even, apparently by access to European income. Even if this somehow happened, they'd be back to the Oldco position - one Europa league qualifying defeat away from disaster.
By my rather simplistic calculations the cunning plan hasn't a chance. The action should start heating up after the EGM on Friday.