New beginnings - 25% Truth, 80% Bollocks

[The Artist Formerly Known as Audrey]

Which is why it’s so difficult to get rid of the entire shady network - there’s too many of them complicit in it.

Any prospective new owner would do a forensic study of the accounts and uncover it all.

[Bennett]

So basically our income - ticket sales/merchandise sales/sponsorship does not cover these costs that they have listed?

Is there anyway of roughly extrapolating what these annual costs may be broken down. PaulD loves this sort of shit for example take Tranmere or Carlisle's accounts and do a 'compare' no idea if that's even feasible but.

I did think of doing that extrapolated view, but I think the delta between an extrapolated comparison of tranmere VS STFC reality is the only real benefit. it would show where the bodies are buried in terms of expensive contracts.

You'd like to think the Trust would have asked a little more detail than nodding, whistling and going "yeah that's a big number" for all the expenditures

[The Artist Formerly Known as Audrey]

If the club are umming and aahing about showing the accounts to the Trust, just think how they’d react to a new owner wanting to go over them.

[Cowley38]

Is there anyone who still believe Morfuni is the Messiah??

[Quagmire]

If the club are umming and aahing about showing the accounts to the Trust, just think how they’d react to a new owner wanting to go over them.

I’d imagine the few million on quid that was potentially on offer would help.

[Legends-Lounge]

Is there anyone who still believe Morfuni is the Messiah??

Proving to be a very naughty boy?

[Legends-Lounge]

Which is why it’s so difficult to get rid of the entire shady network - there’s too many of them complicit in it.

Any prospective new owner would do a forensic study of the accounts and uncover it all.

Any prospective new owner would do a forensic study of the accounts and uncover it all.

This 100%

[Bob's Orange]

Is there anyone who still believe Morfuni is the Messiah??

I suspect many will be drawn to this statement -

"
The cash flow forecast for the next 12 months was also provided and this showed when further funds will be required. Scott was able to see movement in loan accounts and the figures confirmed that Clem Morfuni had put significant funds into the club this year to keep the club afloat and is forecasting to do so next."

And will say that without Clem we'd be in the shit and he's saved us and continues to. I remain unconvinced.

[Mooneyraker]

The concern for me is that there are give or take probably 20-30 clubs in the UK that have broadly “similar” profiles to ours and with the absolute shitshow that is our ownership/legal situation, any prospective buyer would likely have to pay over the odds to clear the vultures out and there would still be all the legacy legal headaches hanging over them.

On that basis, as a buyer you’d probably move on to another target club once you realised that.

Our only hope for a clean slate in my opinion is when this entire house of cards collapses us into administration but I think that just means that the next vulture in line (Kiely, Parladorio, whoever else’s wife is in the room that day) picks us up for a song and the nightmare doom loop continues.

It’s a Greek tragedy.

[Bob's Orange]

The line item 'security costs' might be an interesting one. 🤔

[tans]

Not sure why you would refer to the CEO and CFO by first name in that email like they are your mates but here we are.

[theakston2k]

Lots of words that basically say nothing. So the Trust now just going to toe the line that it’s all because our running costs are at least double that of any other club at this level are they? Is that not a massive red flag in itself and suggest money is being extracted in some way?

[ChalkyWhiteIsGod]

Unless there’s an explanation of what specific costs have increased by £2m YoY the whole exercise is pointless

Agree. Its just waffle.

[ron dodgers]

Let's see how much "Laundry" costs are

[ChalkyWhiteIsGod]

Is there anyone who still believe Morfuni is the Messiah??

Still fucking divs on the Facebook group yeah.