What is interesting... That the new board want this 'audit'. Very keen to over explain and go on about this audit. Also making sure that there is a commentary so us farmer folk can understand it. I'd say, again, an attempt to over explain and possibly justify certain decision making. If I am not mistaken the old board / owners gave STFC a clean slate pretty much so why is this required?
Because they want a set of audited accounts, most likely.
It's clear what is going and what has been going on, and it must have been clear with due diligence before agreeing to buy the club.
Is it? Would it? Jed admitted the timescales to purchase the club were extremely restrictive which didn't allow thorough due dilligence.
But this transparency is almost going too far.
In what way? Surely transparency must be welcomed. I really can't understand why there should be any concern about accounts being audited. You can't hide anything in an audit - quite the opposite actually.
As Jed has stated 'not a lot of clubs do an audit'. Then why should we?
Because it's the only true way that you know the accounts given are true and independently verified. Other clubs don't do it because they're not obliged to under law and because the cost is often prohibitive.
I find is STAGGERING that someone with a past like Lee Power would want an audit.
Why? Perhaps having a few prior businesses go up the swanny has made him a bit wary about future business transactions and he's being ultra cautious about what he's committing his money to.
And why not just publish the full audit and let us ask questions instead of telling us what to think?
Because it's the auditors job to highlight any inconsistencies and discrepancies. Are you qualified as an auditor?
And will this audit have information on the growing number of people owed money by STFC? Will they provide a commentary on that?
Probably not, but it would most likely highlight any creditors that haven't been accounted for in previous accounts.
I'm not trying to defend Lee Power at all. I have absolutely no clue as to what his agenda is and why he's involved with out football club. I understand people being suspicious because of our chequered history, but really, questioning the ethics of having an audit done just seems rather... odd.