£1,320,000 per year

Anything and everything related to Barnet FC
John Hunt
Posts: 3175
Joined: 08 Feb 2011, 13:27

£1,320,000 per year

Post: # 340514Post John Hunt »

Wow. That's a lot of money.
FCBFCSA Manager / Former committee member of BFCSA and BFCSA1926
ETBee
Posts: 2963
Joined: 16 Mar 2013, 10:16

Re: £1,320,000 per year

Post: # 340519Post ETBee »

For what?
jonbonbaby
Posts: 1673
Joined: 23 Jan 2011, 14:37

Re: £1,320,000 per year

Post: # 340520Post jonbonbaby »

Surely that was over covid and not the norm
bzzzzz
Posts: 351
Joined: 07 May 2011, 17:40

Re: £1,320,000 per year

Post: # 340522Post bzzzzz »

ETBee wrote: 10 Oct 2022, 13:38For what?
TK putting into club to keep it afloat

According to recent BFCSA meeting with the BFC new media guy.
Roy57
Posts: 3337
Joined: 22 Sep 2018, 10:43

Re: £1,320,000 per year

Post: # 340528Post Roy57 »

Has this been published anywhere by BFCSA ?
b4life
Posts: 2359
Joined: 24 Jan 2011, 09:03

Re: £1,320,000 per year

Post: # 340529Post b4life »

Yes, Dom Rosso mentioned it in the meeting.
Mark Whitelegg
Chair - BFCSA1926
John Hunt
Posts: 3175
Joined: 08 Feb 2011, 13:27

Re: £1,320,000 per year

Post: # 340532Post John Hunt »

I think that is one million , three hundred and twenty thousand pinches of salt perhaps but if he is doing that it is some gesture.
FCBFCSA Manager / Former committee member of BFCSA and BFCSA1926
11bee717
Posts: 1101
Joined: 02 May 2022, 15:07

Re: £1,320,000 per year

Post: # 340534Post 11bee717 »

John Hunt wrote: 10 Oct 2022, 15:20 I think that is one million , three hundred and twenty thousand pinches of salt perhaps but if he is doing that it is some gesture.
I’m pretty certain that figure is correct. What needs to be taken with a pinch of salt is whether it’s ‘his money’ if Barnet fc didn’t play at the hive then none of the businesses would exist so if it’s money earned from his businesses then it’s a full circle.
barnetpete
Posts: 2295
Joined: 24 Jan 2011, 13:37

Re: £1,320,000 per year

Post: # 340535Post barnetpete »

Where is this meeting published? The SA meetings haven’t been updated since 25.09.21. https://bfcsa1926.mailchimpsites.com/meetings


And how is this really news? If someone had made me guess I’d have said £1.5-1.7m to run a mid-table conference club.

The football club always ‘lost’ money, but we were told we needed off pitch revenue to supplement the ticket sales / sponsorship / league/TV money, hence the reason to leave Underhill for pastures new.

So whether the money comes from the owners back pocket, under his mattress or from the numerous companies associated with the owner &/or the hive, it doesn’t matter….. that is the purpose of the Hive….to fund the football club. Otherwise why move?
Please consider donating, to help disadvantaged Children & Young People in Barnet, https://www.youngbarnetfoundation.org.uk/donate,
pletch99
Posts: 805
Joined: 28 May 2011, 06:52

Re: £1,320,000 per year

Post: # 340541Post pletch99 »

barnetpete wrote: 10 Oct 2022, 15:29Where is this meeting published?
The supporters association emailed an excellent and detailed summary of the meeting to their members (maybe you have to subscribe somewhere?) which included this information.
pletch99
Posts: 805
Joined: 28 May 2011, 06:52

Re: £1,320,000 per year

Post: # 340542Post pletch99 »

I agree with others - it's hardly a surprise that the football club needs regular injections of cash - it's self evident that the football club itself has costs which greatly exceed it's revenues

As others have said, the real question is whether it is 110k per month on top of money coming in from other revenue generated by the Hive or whether that 110k includes profits from other companies based at the Hive. If it is on top we should should probably show more gratitude towards TK.

However, my suspicion is that 110k does include revenues from other businesses operating at the Hive. What I would like to know is how healthy are those other businesses that were intended to help the club? If they are as badly run as the football often appears to be, they might well be struggling and if they are struggling, it might well be that some of that money is TKs personal money.

I wish the finances were more transparent!!!!
DerekRocholl
Posts: 4329
Joined: 02 Feb 2011, 16:59

Re: £1,320,000 per year

Post: # 340548Post DerekRocholl »

Failure costs but does anybody really believe that the person whose net worth has rocketed to in excess of £250m in the last 6 years hasn’t gained far more than he has spent from using Barnet Fc as a vehicle to acquire and then exploit what was 44 acres of public land using the proceeds of selling off what was public land in Barnet for £14.5m on route.
letchbee94
Posts: 8023
Joined: 21 Jan 2011, 20:59

Re: £1,320,000 per year

Post: # 340549Post letchbee94 »

Well said BarnetPete.
markobee
Posts: 335
Joined: 21 Jan 2011, 21:28

Re: £1,320,000 per year

Post: # 340550Post markobee »

The idea (Per the Minutes of the meeting with Dom Rosso) that “the Chairman personally makes up a deficit of over £110k to Barnet Football Club every month” is, to be frank, complete and utter nonsense.
Businesses do not operate in this way, with Chairmen dipping into their own pockets, out of the goodness of their hearts!

In reality, Mr Kleanthous has used Barnet Football Club - first Underhill, and then the HIve - as the springboard to increase his own wealth (or, if you prefer, the wealth of his 'portfolio of businesses').
Without Barnet Football Club (around which he has built a large number of other enterprises), where would he be?

I hope the Supporters' Association (to whom I replied by email earlier today) do not allow Mr Kleanthous's representatives to pull the wool over their eyes.
User avatar
MCB
Posts: 4947
Joined: 11 May 2016, 17:41

Re: £1,320,000 per year

Post: # 340553Post MCB »

I think you'll find the Supporters Association has vast experience dealing with chairman and you don't have to worry about that.
Post Reply