New beginnings - 25% Truth, 80% Bollocks

[ChalkyWhiteIsGod]

As for the Trust/accounts stuff. Do we really believe universal acceptance would be reached if the Trust was to come out and say 'we've just looked at the books and they are immaculate'? I'm not so sure.

Depends what you mean by 'universal acceptance'.

It would obviously raise further questions.

[Costanza]

Depends what you mean by 'universal acceptance'.

It would obviously raise further questions.

This is it, and I'll probably be one of those asking questions.

It feels too far gone even though we haven't experienced an extreme event yet.

[Nemo]

we haven't experienced an extreme event yet.

Death by a thousand cunts.

Now there's an episode title you can't use.

[Mooneyraker]

Death by a thousand cunts.

Now there's an episode title you can't use.

That’s the subtitle of the Netflix documentary on Swindon Town 1990-2024.

[ChalkyWhiteIsGod]

This is it, and I'll probably be one of those asking questions.

It feels too far gone even though we haven't experienced an extreme event yet.

Yeah it's gone on too long to be all OK now. I would have asked more questions regardless with respect to where is the money going.

Supposedly over £6m of revenue and a wage budget of around £1.6m. If that's confirmed and they think that's OK, where on earth is the rest of the money going?

[Oaksey Moonraker]

Yeah it's gone on too long to be all OK now. I would have asked more questions regardless with respect to where is the money going.

Supposedly over £6m of revenue and a wage budget of around £1.6m. If that's confirmed and they think that's OK, where on earth is the rest of the money going?

I thought when a football club wage bill is disclosed that's the figure paid out to players and doesn’t include tax and national insurance.

Footballers wages are always talked about after tax. So a player earning £2k a week will cost the same again with 40% tax and 12% NI.

So that £1.6M could easily double with Tax  plus VAT on the business. But our turnover is better than most clubs in the league so why aren't we competitive to clubs with less than half our gates?

[TailBetweenLegs]

Believe that is just the playing budget too. God knows what the bills are

If only we could see the accounts, has anyone asked

[The Artist Formerly Known as Audrey]

Where’s all the stuff about points deduction come from today?

[4D]

I thought when a football club wage bill is disclosed that's the figure paid out to players and doesn’t include tax and national insurance.

Footballers wages are always talked about after tax. So a player earning £2k a week will cost the same again with 40% tax and 12% NI.

So that £1.6M could easily double with Tax  plus VAT on the business. But our turnover is better than most clubs in the league so why aren't we competitive to clubs with less than half our gates?

Salaries on P&Ls are always gross

[Batch]

Where’s all the stuff about points deduction come from today?

Exsqueeze me?

Not seen any of that other than speculation on here as to what the "bad news reveal" would be

[Bob's Orange]

Steve Mytton hasn't gone, he's announced he'll step down at the AGM in Feb, not immediately. I think it's pretty clear reading between the lines (not itk) that there's a level of internal disagreement within the Trust board that probably makes agreeing external comms rather difficult.

I'd suspect that they're trying to use Hall's "come in any time and see the books" to actually... get in and see the books. That was the original goal and still is, I'd assume. Calling the CEO a cunt publicly, whilst cathartic, probably won't help achieve that.

I think we all hope that's the case, and whilst fans and Trust members (I'm still paying an Ayrton Senna a month like a wally) don't necessarily need a warts and all running commentary, a simple statement would probably suffice.

"Further to STFC CEO Anthony Hall's verbal invitation to come and see the books, the Trust are delighted to accept this invitation and will make plans for an agreed date and time for this to occur. We will update our members with an agreed timescale"

I suspect nothing like this is forthcoming because it's not happening/another reason. Hopefully silence is golden.

I've just realised I am probably going to get a 'Why not join the Trust' message aren't I?

[Batch]

They committed to an update by December 21st. Today is December 14th.

https://truststfc.com/2023/12/04/truststfc-update-on-club-accounts-review-process/

The Trust board commits to providing a further update, regardless of the level of progress, by Thursday, December 21.

[Bob's Orange]

They committed to an update by December 21st. Today is December 14th.

https://truststfc.com/2023/12/04/truststfc-update-on-club-accounts-review-process/

Ah fair enough Batch. That doesn't mean they can't provide 'extra bonus content' comms though before that date.

[ChalkyWhiteIsGod]

I wouldn't imagine silence is a good thing in this instance, as if something happened before the deadline, they'd probably update us.

[Batch]

Ah fair enough Batch. That doesn't mean they can't provide 'extra bonus content' comms though before that date.

indeed. But who knows what is going on really.