New beginnings - 25% Truth, 80% Bollocks

[tans]

Come on ffs 🤣

Only Clem knows that  it's his club and his business. What he may have promised at the start may not apply now, I doubt he is that keen to engage with the Trust now because of the animosity he has received from them. And I don't blame him. And plans for development have already been submitted to planning, the Trust had no input on these plans whatsoever. The Trust will of course try to block any progress in development, but only out of pettiness, not because it is in the best interests of the club. There are loopholes around everything, we are dealing with SBC afterall. 😆

I must have missed the planning application then because it doesnt appear

They also said the scoreboard was with planning too? It was withdrawn!

[RobertT]

Clearly not submitted any plans as none have been approved by the JV yet, and even the club has suggested there are options they need to work through first.

[4D]

Underlying admin expenses haven't increased by that much though?

What, since Power?  
I'm an Accountant with 36 years experience, what's your background manc?

[Steak supper]

What, since Power?  
I'm an Accountant with 36 years experience, what's your background manc?

Getting chucked out of the arkells is hardly in keeping with professional standards .

[STFC_Manc]

What, since Power?  
I'm an Accountant with 36 years experience, what's your background manc?

As an accountant with 36 years experience, I would expect you to know that the accounts Power published didn't have the right level of detail to compare.

[4D]

Getting chucked out of the arkells is hardly in keeping with professional standards .

I've never been chucked out of any football match 

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

I still can’t believe it’s even up for debate that there is something fishy with the accounts.

Everyone has eyes and can see there for themselves that there is no explainable reason for £1m+ losses. The club has no staff, barely stocks merchandise, the playing budget has been massacred, the stadium barely gets maintained, rent is minimal and the bare minimum is spent on training facilities. There’s no evidence on show that says the club is legitimately spending £6m+ per year.

But Clems funding the club, don't you know?

Its been obvious for a long time, but here we are.

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

Just on this whole no staff thing, from the accounts average number of employees each year...

Year to May 19 130
Year to May 20 99
Year to May 21 79
Year to May 22 128
Year to May 23 214

Less useful staff, more hangers on 

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

How many of those are zero hours coaches, etc.

It can be very misleading

and how many have criminal records and don't so much?

[Steak supper]

I've never been chucked out of any football match 

My bad - yes, I see you left of your own accord following intervention from stewards/ground staff

[swindonmaniac]

 

My bad - yes, I see you left of your own accord following intervention from stewards/ground staff

 

[4D]

I see the latest Axis football investments accounts have been filed.

[Batch]

I see the latest Axis football investments accounts have been filed.

Can't be much in them really. Just another example of sloppy housekeeping

[RobertT]

They've reverted to using Micro accounts, so even less detail than previously.  Basically shows about 5m being owed to Axis, which will be loans to STFC and roughly the same amount owed by Axis, which will be money owed to other Axis businesses (in the accounts from a couple of years ago it did state the monies owed were to various business owned by the sole Director).

The amount owed by STFC only went up by a few hundred grand, with the big jump coming in the prior year of 3.6m (which seems to align with STFC's accounts showing a switch from owing Clem directly to Axis).  Over a year since the end of the financial year though, so only useful for showing us the state of play end of 2023.

[Batch]

The amount owed by STFC only went up by a few hundred grand

So who do we owe the other 700k+ of the 1m the FC loses every year. Presumably directors loans directly to Clem and not the holding company? Is that how it works?