Mooneyraker
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Beware Aussies in bucket hats bearing gifts
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« Reply #9435 on: Friday, December 15, 2023, 10:24:08 » |
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Goalposts definitely moved, that's for sure.
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welshred
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Posts: 2009
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« Reply #9436 on: Friday, December 15, 2023, 10:24:57 » |
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Is it just me or is this total bollocks and nowhere near the level of detail we were hoping for?
Oh, I see that Trust update was posted by James fucking Spencer. Great. He seems super legit.
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Bogus Dave
Ate my own dick
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Posts: 16357
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« Reply #9437 on: Friday, December 15, 2023, 10:25:09 » |
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They went from wanting their management accountant to get under the skin to present a ‘clear analysis of the clubs finances’ to their members
To saying ‘yes we’ve seen the numbers and the club will write an exec summary’
If you think that the compromise they’ve landed on would result in a more honest appraisal than a (what should have been) independent appraisal by the trust then I’ve some magic beans to sell you
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Things get better but they never get good
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Nemo
Shit Bacon
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Posts: 21554
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« Reply #9438 on: Friday, December 15, 2023, 10:25:51 » |
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Oh, I see that Trust update was posted by James fucking Spencer. Great. He seems super legit.
He's just the webmaster, his name is on every article because it's him literally pressing post, it's not meant to reflect his 100% authorship (for example, his name is on every Dan the Fan column).
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welshred
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Posts: 2009
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« Reply #9439 on: Friday, December 15, 2023, 10:27:13 » |
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He's just the webmaster, his name is on every article because it's him literally pressing post, it's not meant to reflect his 100% authorship (for example, his name is on every Dan the Fan column).
OK. I still don't understand how anyone at the Trust would think this is an acceptable update?!
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BenTheRed
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Posts: 201
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« Reply #9440 on: Friday, December 15, 2023, 10:28:37 » |
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Trust Statement is a disgrace - how are they not reading the room
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reeves4england
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Posts: 16005
We'll never die!
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« Reply #9441 on: Friday, December 15, 2023, 10:30:23 » |
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What's said in the update is good. They've seen the books, there will be executive summaries in future accounts and the annual report is going to become more comprehensive.
It what's not said that's the problem. Even a line saying a report on the findings will be presented in due course would have done for the time being.
Edit: Just seen that the Trust's initial intention was to "present a clear analysis of the club's finances to members in an understandable manner". I imagine it'll take time to prepare that, which is why the line above would have been a helpful inclusion.
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« Last Edit: Friday, December 15, 2023, 10:33:33 by reeves4england »
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BenTheRed
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« Reply #9442 on: Friday, December 15, 2023, 10:33:09 » |
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Looks like the trust have let the club off the hook, I doubt there will be another look at the books for a long time
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Nemo
Shit Bacon
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« Reply #9443 on: Friday, December 15, 2023, 10:34:47 » |
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What's said in the update is good. They've seen the books, there will be executive summaries in future accounts and the annual report is going to become more comprehensive.
It what's not said that's the problem. Even a line saying a report on the findings will be presented in due course would have done for the time being.
Edit: Just seen that the Trust's initial intention was to "present a clear analysis of the club's finances to members in an understandable manner". I imagine it'll take time to prepare that, which is why the line above would have been a helpful inclusion.
Broadly agree with that - it just needed to confirm that the Trust will have more to share with members, separately from the club's own processes.
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BenTheRed
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« Reply #9444 on: Friday, December 15, 2023, 10:37:26 » |
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To this end, the club will be releasing its annual accounts in the next few months and along side this, with the help of the trust, intends to provide an executive summary to accompany their release.
This isn't the role of the trust imo club and trust shouldn't be working alongside each other like this. The relationship needs to be distant and critical, trust needs to provide their own analysis separate to the club
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UTR
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Posts: 781
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« Reply #9445 on: Friday, December 15, 2023, 10:39:31 » |
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Read over the Trust statement a few times to fairly judge it but the overwhelming feeling each time is it’s a big let down in tone from the original stance. Not that I’m surprised.
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Bob's Orange
Has brain escape barriers
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Posts: 28727
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« Reply #9446 on: Friday, December 15, 2023, 10:41:41 » |
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So is that the end of it? The Trust have seen the books, the club have done what they were asked of and nothing is going to be communicated about the books or anything like that? On the face of it, appears to be a bit of a cop out.
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise, the gorgie boys, for Hearts in Europe.
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Power to people
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Posts: 6438
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« Reply #9448 on: Friday, December 15, 2023, 10:44:45 » |
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I'm confused, wasn't it said in the beginning they would provide a commentary or summary after viewing the accounts ?, be good to know what they found and to what level of detail they was given, if it was just an overview then surely that is pointless, and is this a case, we have seen them but we cant tell you what we have seen as we have been asked not to ? Obviously if they was given a full overview then they cant reveal everything for obvious reasons, but lets have some detail rather than a statement saying we have seen them.
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Bob's Orange
Has brain escape barriers
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Posts: 28727
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« Reply #9449 on: Friday, December 15, 2023, 10:45:12 » |
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I note on the Trust website they have 1498 members? I wonder how accurate that actually is. I imagine numbers will be dwindling, at a pace.
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise, the gorgie boys, for Hearts in Europe.
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