Thursday, 24 August 2017

STAGS FANS UNITED AGM and FANS FORUM – WEDNESDAY 6th SEPTEMBER 2017

Stags Fans United will be holding their Annual General Meeting in the 1861 Suite at the One Call Stadium on Wednesday 6th September 2017 at 6.45pm. Here is a copy of the notice of AGM.

The AGM will be followed by a Fans Forum with our Chairman, John Radford at 7.30 pm where members and fans will be able to ask questions about the club. Entry to the SFU AGM is for members only. Entry to the SFU Fans Forum is by purchasing raffle tickets for £2.

Stags Fans United is the Mansfield Town Supporters Trust. It is a non-profit making co-operative which was formed to represent the supporters of Mansfield Town in the running of the football club. Stags Fans United is the second largest shareholder in Mansfield Town and has purchased 10,000 Community Shares and 304 Ordinary Shares of 50 pence each in the football club for around £89,000. It is also represented on the board of the directors of the football club. Stags Fans United also donated £7,000 to the Free Field Mill Fund and assisted the football club with its legal claim against Keith Haslam.

Stags Fans United is always looking for new volunteers who agree with the aims of supporters trusts to help SFU improve its communications with members or to set up and run any new community projects that could be operated under the SFU banner. If anybody is willing to help or has any good ideas then they should not hesitate to get in touch. Further information about supporters trusts can be found on the Supporters Direct website http://www.supporters-direct.org/

Any supporter is welcome to become a member of Stags Fans United. The cost of membership is a one off payment of £100 which can be paid in monthly instalments if required. The best way to become a member is to join our SFU 200 Club for £60 per year or a standing order of £5 per month. This also gives you the chance to win a cash prize in our monthly draws. If you would like to become a member of Stags Fans United then our contact details are on our website.

Tuesday, 22 August 2017

UPDATE FROM MANSFIELD TOWN AGM - MONDAY 21st AUGUST 2017

Here is our report on the accounts for the year ended 30th June 2016 which were presented to shareholders at the AGM yesterday. We will also provide an update later on financial and other issues relating to 2017-2018.

MANSFIELD TOWN AGM - MONDAY 21st AUGUST 2017

ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2016 (2015-2016)

Stags Fans United attended Mansfield Town's Annual General Meeting on Monday 21st August. The meeting was attended by John Radford, Carolyn Radford, Jim Beachill and Steve Middleton.

Finance Director, Jim Beachill, presented the accounts for the year ended 30th June 2016 to the shareholders. This was the season that the football club finished 12th in League 2 under Adam Murray’s management. The main issues revealed by the accounts were as follows:

The football club continued to reduce its losses for the third consecutive year. It made a loss of only £10,077 for the year ended 30th June 2016 compared to a loss of £74,510 for the year ended 30th June 2015 and a loss of £721,146 for the year ended 30th June 2014 (first season back in League 2). This is excellent news as it continues to show that the football club can be run on a sustainable basis. However losses are expected to significantly increase for the years ended 30th June 2017 and 30th June 2018 due to the arrival of Steve Evans and his management team and the new players that have been recruited.

Turnover (Income) fell very slightly to £2,243,164 compared to £2,296,277 in 2014-2015.

Money received from the Football League, Premier League and the Media increased to £753,489 in 2015-2016 compared to £673,366 the previous season which demonstrates the financial importance of the club obtaining promotion from the Conference Premier in 2013 and remaining in the Football League.

The money received from Chesterfield for Sam Clucas from the 15% sell on clause when Chesterfield sold him to Hull City for £1.3 million was included in the accounts. However Steve Middleton confirmed that Chesterfield would not have to pay any more money to Mansfield Town if Chesterfield made a further profit from Hull City selling Sam Clucas to Swansea City for around £15 million.

Expenditure was £1,915,957 compared to £1,878,504 in 2014-2015 and £2,613,099 in 2013-2014. The largest item of expenditure is always wages paid to staff and these were similar to last season. Wages were £1,464,626 in 2015-2016 compared to £1,486,334 in 2014-2015. They were £2,071,083 in 2013-2014.

Matchday Expenses were reduced significantly by £102,046 from £390,534 to £288,458. This is a reduction of 26%. This is much better than the £644,652 paid out in 2013-2014 due to high policing costs when the policing costs for both Chesterfield home games were around £18,000 per game.

Agents fees and expenses were halved from £22,265 to £10,514.

Rent and Rates increased by around £52,000 from £49,079 to £91,777 and Insurance costs increased by around £9,000 from £6,902 to £16,115. Cleaning Costs doubled from £11,964 to £23,547 and Repairs and Renewals also increased from £51,498 to £85,216. Travelling Costs increased from £1,183 to £17,865.

Light and Heating costs were cut again from £5,123 to £1,053. They were £24,664 in 2014!

Other major savings included cutting Marketing Costs from £40,126 to £4,627. Medical Expenses were reduced from £63,589 to £37,621 and Legal and Professional Costs were reduced from £23,751 to £9,793. Entertainment Expenses were reduced from £14,821 to £5,115.

Computer Costs were fairly similar at £14,216. The same also applied to Telephone Costs of around £10,000.

Loans from One Call Insurance Services Limited and other companies controlled by John Radford amounted to £3,934,042 an increase of £39,137 from the previous year. The loans are interest free and repayable on no specific terms.

Loans from the former owners amounted to £1,338,691 with £709,354 being owed to Andy Saunders, £452,276 to Steve Hymas and £177,061 to Steve Middleton.

Steve Hymas and Steve Middleton have agreed to convert their existing loans to the football club into Preference Shares. John Radford has also agreed to do the same for more than £600,000 of loans which means that over £1.2 million of debt should be removed from the club's Balance Sheet in 2016-2017.

There are two payments left of £214,285 to be made to Keith Haslam for Field Mill (One Call Stadium) which are due in March 2018 and 2019.

Thanks to John Radford and Jim Beachill, the Finance Director for their hard work in bringing the accounts up to date and for their commitment to be transparent about the club’s finances and to keep the fans fully informed. This is very much appreciated by the fans.

Tuesday, 1 August 2017

CAROLYN RADFORD: THE CLUB BROKE EVEN LAST SEASON

Interesting interview with Mansfield Town Chief Executive, Carolyn Radford, in The Business Desk.
"The club broke-even last season, still a rare feat in football.... On a financial level, the bottom line must be to ensure that the club not only survives, but prospers."

Monday, 15 May 2017

SFU COMMENT ON SEASON TICKET AND MATCH DAY PRICES FOR 2017-2018


Stags Fans United are delighted that the club has offered an early bird season ticket. This was the number one suggestion we made to club when we were asked for our thoughts in April, ahead of any draft season ticket prices.

The early bird prices represent excellent value.

The overall pricing of season tickets is fair and reasonable in our opinion.

We asked the club to look after kids and families by having cheap junior and family matchday tickets. However the matchday prices for kids are still too high in our opinion based on consistent feedback from fans. Kids do not tend to plan ahead to buy tickets and need to be encouraged to attend on a matchday. The cheapest matchday walk up price for a school kid is £14 which we think is far too much.
 
There were two other areas with regard to individual match tickets that we highlighted to the club in April, which came up from the consultation with fans in 2015 and that had not yet been incorporated. These were
-        - Try and keep the adult price around £20. The matchday price for Ian Greaves Upper tier has risen to £24.
-        - Keep match day prices the same as tickets purchased earlier. The consistent feedback from fans was to remove the difference between advance prices and matchday prices, but the difference still remains.

However the fans recognise that if John Radford is providing Steve Evans with a competitive budget for “Project Promotion” then this may need to be partly financed by an increase in matchday ticket prices for adults.

Friday, 7 April 2017

SFU KEEP TROPHY IN MTFC ANNUAL QUIZ

A team representing Stags Fans United held on to the trophy in the Mansfield Town Annual Quiz Night on 6th April 2017, in an event hosted by Mark Stevenson.

That's 4 times in the last 5 years that SFU have won the trophy, only missing out two years ago on a tie-break.

Well done to the team including Peter Wright, Gary Bridges, Joanne Bridges, Richard Harris, Sandy Harris, Ken Sharp, Richard Sharp, and Pete Henshaw

Gary Bridges, Richard Harris, and Ken Sharp are pictured below with Mark Stevenson, and the trophy. 



Tuesday, 20 December 2016

STAGS LIMITED HAD DEBTORS OF £982k AT DEC 2015

7 December 2016

Accounts filed by Stags Limited for the year ended 31st December 2015 show that it had debtors of £982,698 as at that date.

Stags Limited is the company that was used by Keith Haslam to own Mansfield Town and buy Field Mill.