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This Post:
22
246289.1
Date: 8/6/2013 6:21:58 PM
Springfield Storm
III.11
Overall Posts Rated:
7676
I am now $250,000 in debt and I don't know why. My finances have gone slowly downhill. If you guys don't think it will correct itself then I will be forced to tear down and rebuild. Help!

From: P. Tom

This Post:
00
246289.3 in reply to 246289.1
Date: 8/6/2013 7:25:27 PM
Surry Hills Peeps
II.3
Overall Posts Rated:
12171217
I agree with LOPO_, you have to raise your Arena prices the next update, fortunately for you it should be by your next Home game. Also, we cannot see how much you are spending in Staff, this can make a big difference to profits if you are invested to the hilt.

BleachersCurrent Price: $7) (Price as of 8/10/2013: $10) Last Game: $67200 Could be $96000
Lower TierCurrent Price: $32) (Price as of 8/10/2013: $30) Last Game: $31712 Could be $29730
Courtside SeatsCurrent Price: $97) (Price as of 8/10/2013: $100) Last Game: $19400 Could be $20000
Luxury BoxesCurrent Price: $746) (Price as of 8/10/2013: $1000) Last Game: $7460 Could be $10000

You made $125772, after a price change you could get $155730

If you can keep winning (even your away games), I think you could still go close to selling out and possibly make more than this through a rise in attendance and building more seats of course.

The other thing you have to factor in here is that you made no income over the All-Star break but did pay expenses, this always leaves you with a big hole that you need to plan for when you get the draw each season. (I'm guessing your debt almost doubled last week alone?)Just looking and you have a week in the last week of the draw where you will get 2 lots of attendance in the same week to help cover the All-Star hit.

One last thing to consider as well is that you lost your last away game and you are playing the bottom team from the other side of the draw this week at home in a TV match. You will take a hit in attendance because of those factors (plus the rise in ticket prices) So don't loose faith in your new pricing. You get that weekly double in the last week as well as a couple of weeks in the playoffs (hopefully)

No need to
tear down and rebuild.


Hope this helps.

From: C- Diddy

This Post:
00
246289.4 in reply to 246289.3
Date: 8/6/2013 8:47:23 PM
Springfield Storm
III.11
Overall Posts Rated:
7676
Thank you very much, I feel a lot more relieved. I'll just be patient and put faith into my arena.

From: P. Tom

This Post:
00
246289.5 in reply to 246289.4
Date: 8/6/2013 9:10:35 PM
Surry Hills Peeps
II.3
Overall Posts Rated:
12171217
No problems, you should be cash positive going into the playoffs.

Remember you will need about 1 weeks wages during the off season where you won't get any income.

Just looking at your game, you had a rise in attendance and won your home TV match convincingly, well done, now there are 4 teams with the same record. Just get your pricing right and it should be no worries.

Last edited by P. Tom at 8/6/2013 10:23:20 PM

This Post:
00
246289.6 in reply to 246289.1
Date: 8/7/2013 1:21:35 AM
Overall Posts Rated:
137137
I would suggest building more bleacher and courtside seats after some time.. Rising ticket prices is not a good idea in the middle of the year if your not winning, But can you try it to obtain funds in the mean time to build your arena a little bit bigger.

You might have to sell someone or fire .If this doesn't not ease your ills


This Post:
00
246289.7 in reply to 246289.6
Date: 8/7/2013 4:24:43 AM
Surry Hills Peeps
II.3
Overall Posts Rated:
12171217
Sound advice. ;)

Any chance you could explain in more depth? I'm keen to learn.

This Post:
00
246289.8 in reply to 246289.1
Date: 8/7/2013 4:58:36 AM
Woodbridge Wreckers
DBA Pro A
Overall Posts Rated:
14241424
I wouldn't raise the price of your lower tier seats, but you could raise your bleachers to 9 and courtside and boxes a bit (further).

Then look at your staff, we can't see it but you can save money there if you got expensive ones. I'd say an Advanced trainer and a competent Doctor/PR Manager would suffice. You can get better when your cash flow improves.

If you're still low in cash flow, you might want to sell one of your C's for a cheap backup one. Your payroll is a bit high for your income.

This Post:
00
246289.9 in reply to 246289.1
Date: 8/7/2013 11:11:38 AM
Overall Posts Rated:
32293229
I am now $250,000 in debt and I don't know why. My finances have gone slowly downhill. If you guys don't think it will correct itself then I will be forced to tear down and rebuild. Help!


What are you paying for staff / scouting per week? Although people picking up ridiculously high salary players is the primary culprit of financial woes, one that's often underestimated is paying too much for staff.

This Post:
00
246289.11 in reply to 246289.1
Date: 8/9/2013 9:13:37 PM
Overall Posts Rated:
7878
My revenues as a team with a handful of defeats is ~230k I would assume yours is close to that. You have 162k (rough) worth of salaries on 9 players, whom dont have the best GS amongst the top half. The salary itself isn't completely unsustainable (i have over 180k in D.IV and make about 15k a week), but i struggle to see the benefit of having as much salary on that many players, especially if it costs you some gameshape.

I would then invest some time in understanding how to effectively get your gameshape on your best guys to consistantly hit 8. It's hard to get them at 9 100% of the time, but it's definitely easy enough to not be sitting at a 6. Gameshape has a significant impact on the way your players perform, and i'd say you're losing at minimum 10% of your maximum production potential on the 6's. Long story short: better potential = better performance = less need for as much salary.

I would then understand how to TIE a lot of games and keep your enthusiasm up. With banked enthusiasm, you'll have extra drive against similar opponents.

If you manage gameshape and bank enthusiasm, then the need for 160k in salary costs diminishes some, and allows you to go further with less. That would be my first goal if i were you.

As far as the staff goes, It mostly depends on if you are training that lone 20 year old. If you are, then mix your lineup up and grab another one, one trainee is a waste of a trainer. If you are not training the 20 year old and are just using him for what he is, then dump your trainer for a 2k level 1 trainer. You dont need to waste money on a trainer for FT/Stam/Gameshape training. Doctor isn't that relevant although i prefer massage for easier gameshape management, and even then a level 2 is sufficient. PR is only relevant to me if it has national appeal or crowd involvement, and again only at a level 2 capacity in D.IV.

If you are draft scouting and saving up money there, then stop doing scouting. you're amongst the top in your league, no sense in going draftee hunting when you likely wont get your first pick or two.

If you are going more red weekly still after tticket prices change, i'd at that point finally make the decision to start selling off some of your rental parts.