New beginnings - 25% Truth, 80% Bollocks

[4D]

No p&l Aud?

[Ardiles]

Yet the majority of clubs at this level don't produce detailed accounts?

And therein lies the problem.  (Or one of them.)  It's systemic.

RobT is right.  Producing a set of readable accounts each month (let alone once a year) that breaks out all the key Balance Sheet and Profit & Loss captions with a meaningful level of detail/granularity is a bog standard task for most businesses, even SMEs.  All you need is a properly implemented Finance/ERP system, a competent accountant/Financial Controller who knows how to use it and an Accounts Assistant who can record financial transactions in a timely manner.

I have zero sympathy with any business that's unable to complete this task over an extended period.  Businesses can get themselves in to a mess - but with some effort & resolve, you can generally turn that around within the space of 6 to 12 months.  To have a situation dragging on for years, in my view, points to a leadership that does not want a transparent financial record to be released...for whatever reason.

[The Artist Formerly Known as Audrey]

I think the rules are changing to make clubs produce full accounts.

[wokinghamred]

And therein lies the problem.  (Or one of them.)  It's systemic.

RobT is right.  Producing a set of readable accounts each month (let alone once a year) that breaks out all the key Balance Sheet and Profit & Loss captions with a meaningful level of detail/granularity is a bog standard task for most businesses, even SMEs.  All you need is a properly implemented Finance/ERP system, a competent accountant/Financial Controller who knows how to use it and an Accounts Assistant who can record financial transactions in a timely manner.

I have zero sympathy with any business that's unable to complete this task over an extended period.  Businesses can get themselves in to a mess - but with some effort & resolve, you can generally turn that around within the space of 6 to 12 months.  To have a situation dragging on for years, in my view, points to a leadership that does not want a transparent financial record to be released...for whatever reason.

Its a competitive world. Clubs don't want other clubs to know the details of their commercial arrangements/performance.

[4D]

Transparency used to be a buzz word a couple of years ago 

[Jimmy HaveHave]

Opaque is the new version

[Ardiles]

Its a competitive world. Clubs don't want other clubs to know the details of their commercial arrangements/performance.

You could apply that to every business, everywhere.

[STFC_Manc]

The point appears to be you don't like any negativity towards the club.

I've always said that the club should produce more detailed accounts, which is negative to the club as they don't?

If I'm not allowed to state a point, after some one went on a rant then I do apologise.

[Bennett]

https://www.swindontownfc.co.uk/news/2021/july/club-statement2/

"I will provide full transparency of the financial position of the club at all times"

[The Artist Formerly Known as Audrey]

I can’t see how a club publishing a full set of accounts can give any other club a competitive edge. It’s not as if each individual player’s wages are revealed or what the overall playing budget is.

[Nemo]

https://www.swindontownfc.co.uk/news/2021/july/club-statement2/

"I will provide full transparency of the financial position of the club at all times"

Which to be fair was a stupid thing to promise - full transparency is well beyond what anyone actually wants! I do not need to know how much Tyrese Shade's appearance bonus is.

[The Artist Formerly Known as Audrey]

I’m sure he didn’t mean that detailed.

[Bennett]

Which to be fair was a stupid thing to promise - full transparency is well beyond what anyone actually wants! I do not need to know how much Tyrese Shade's appearance bonus is.

I agree. I just thought I'd add a level of transparency to expectations that had been set

[Bennett]

I can’t see how a club publishing a full set of accounts can give any other club a competitive edge. It’s not as if each individual player’s wages are revealed or what the overall playing budget is.

Additionally accounts do come out a year in arrears

[Batch]

Its a competitive world.

Everything Counts (In Large Amounts)
...
Picture it now, see just how
The lies and deceit gained a little more power
Confidence taken in
By a suntan and a grin