jorvik_latic Posted August 14, 2019 Share Posted August 14, 2019 48 minutes ago, BP1960 said: Ps. I'd have thought the EFL sent external auditors out to check on every club, is this not the case? Nope. It's something that I've said for a while could help the governance in the leagues and would go some way in stopping what has happened at Bolton/Bury etc. A small fraction of TV revenues could be diverted to pay for it. Link to comment Share on other sites More sharing options...
Dave_Og Posted August 14, 2019 Share Posted August 14, 2019 1 hour ago, New Fan said: The club’s current accountant, judging by his LinkedIn profile, seems to be a competent one with background in external audit as well as being an accountant. You'd have to be a special kind of incompetent to construct your own LinkedIn page to make you look incompetent! Link to comment Share on other sites More sharing options...
New Fan Posted August 14, 2019 Share Posted August 14, 2019 5 minutes ago, Dave_Og said: You'd have to be a special kind of incompetent to construct your own LinkedIn page to make you look incompetent! Blimey Dave, is everyone a liar to you, or is it just people at OAFC? How do you operate with such high cynicism? Not good for mental peace. Link to comment Share on other sites More sharing options...
New Fan Posted August 14, 2019 Share Posted August 14, 2019 11 minutes ago, jorvik_latic said: Nope. It's something that I've said for a while could help the governance in the leagues and would go some way in stopping what has happened at Bolton/Bury etc. A small fraction of TV revenues could be diverted to pay for it. Assuming the EFL cares enough about the lower leagues. Sending auditors to every league 2 club would cost them over £400k. More realistically, they should do a risk assessment each year and send auditors to, say, 5 clubs each year on a cyclical basis, with basket cases getting more intense/ regular scrutiny. Link to comment Share on other sites More sharing options...
jorvik_latic Posted August 14, 2019 Share Posted August 14, 2019 19 minutes ago, New Fan said: Assuming the EFL cares enough about the lower leagues. Sending auditors to every league 2 club would cost them over £400k. More realistically, they should do a risk assessment each year and send auditors to, say, 5 clubs each year on a cyclical basis, with basket cases getting more intense/ regular scrutiny. Wow, £400k! So much money compared to the billions in TV revenue Link to comment Share on other sites More sharing options...
UsedtobeWozzer Posted August 14, 2019 Share Posted August 14, 2019 20 minutes ago, New Fan said: Assuming the EFL cares enough about the lower leagues. Sending auditors to every league 2 club would cost them over £400k. More realistically, they should do a risk assessment each year and send auditors to, say, 5 clubs each year on a cyclical basis, with basket cases getting more intense/ regular scrutiny. This seems an eminently sensible and relatively cost effective solution. No disrespect BP, I enjoy your posts but the suggestion that a company the size of OAFC could contemplate having clerks whose job it is to check the work of others, or even maintain something approaching an effective internal audit function in an industry that is clearly on the financial precipice (at our level) is frankly ludicrous. Link to comment Share on other sites More sharing options...
OAFC1984 Posted August 14, 2019 Share Posted August 14, 2019 6 minutes ago, jorvik_latic said: Wow, £400k! So much money compared to the billions in TV revenue It’s not youre right but considering the scraps already begrudgingly handed out to the lower leagues I cant see them forking out another half million Link to comment Share on other sites More sharing options...
UsedtobeWozzer Posted August 14, 2019 Share Posted August 14, 2019 43 minutes ago, Dave_Og said: You'd have to be a special kind of incompetent to construct your own LinkedIn page to make you look incompetent! I highly recommend a Twitter account by the name of “The state of LinkedIn” - you’d be surprised how many people manage it. Link to comment Share on other sites More sharing options...
BP1960 Posted August 14, 2019 Share Posted August 14, 2019 11 minutes ago, UsedtobeWozzer said: This seems an eminently sensible and relatively cost effective solution. No disrespect BP, I enjoy your posts but the suggestion that a company the size of OAFC could contemplate having clerks whose job it is to check the work of others, or even maintain something approaching an effective internal audit function in an industry that is clearly on the financial precipice (at our level) is frankly ludicrous. I'm saying checks and balances are important, done that and the pensions fiasco and tax raids wouldn't have have happened. You aren't telling me the EFL can't afford to keep tabs on how its members run their clubs? Its my opinion the lack of regular scrutiny had led to the situation we find with lower league clubs now. They aren't fit for purpose and need a shake up from top to bottom. Link to comment Share on other sites More sharing options...
Dave_Og Posted August 14, 2019 Share Posted August 14, 2019 42 minutes ago, New Fan said: Blimey Dave, is everyone a liar to you, or is it just people at OAFC? How do you operate with such high cynicism? Not good for mental peace. I think you may have missed my point there! LinkedIn in is self written. I've no reason to doubt the chap's competence but LinkedIn isn't validation of it Link to comment Share on other sites More sharing options...
tGWB Posted August 14, 2019 Share Posted August 14, 2019 46 minutes ago, OAFC1984 said: It’s not youre right but considering the scraps already begrudgingly handed out to the lower leagues I cant see them forking out another half million Each League2 club received £1.1m from the EFL/TV rights (inc solidarity) last season. Link to comment Share on other sites More sharing options...
OAFC1984 Posted August 14, 2019 Share Posted August 14, 2019 3 minutes ago, tGWB said: Each League2 club received £1.2m from the EFL/TV rights (inc solidarity) last season. No doubt a lot of money to the likes of you and I. In terms of money at the top of the food chain its like a tenner a club Link to comment Share on other sites More sharing options...
singe Posted August 14, 2019 Share Posted August 14, 2019 Against League 3 (No to B Teams) have started a parliamentary petition for independent regulation, here is the link for those who may want to sign. At least get it answered in Parliament. https://petition.parliament.uk/petitions/268665 Link to comment Share on other sites More sharing options...
BP1960 Posted August 14, 2019 Share Posted August 14, 2019 47 minutes ago, Dave_Og said: I think you may have missed my point there! LinkedIn in is self written. I've no reason to doubt the chap's competence but LinkedIn isn't validation of it Some EFL clubs finance officers have left under clouds in the past, isn't that correct Dave? Link to comment Share on other sites More sharing options...
tGWB Posted August 14, 2019 Share Posted August 14, 2019 7 minutes ago, OAFC1984 said: No doubt a lot of money to the likes of you and I. In terms of money at the top of the food chain its like a tenner a club Mind boggling money to me tbh and a galaxy away from the money the PL Clubs get but I would think a significant amount to a League2 club. Saying that though, we can only guess what our club revenues and costs are because they never get published for us to see. Link to comment Share on other sites More sharing options...
singe Posted August 14, 2019 Share Posted August 14, 2019 58 minutes ago, OAFC1984 said: It’s not youre right but considering the scraps already begrudgingly handed out to the lower leagues I cant see them forking out another half million 14 minutes ago, tGWB said: Each League2 club received £1.1m from the EFL/TV rights (inc solidarity) last season. That's £5.5k per each of the 72 FL clubs. Or a weeks wages for Maouche. Link to comment Share on other sites More sharing options...
BP1960 Posted August 14, 2019 Share Posted August 14, 2019 2 minutes ago, singe said: That's £5.5k per each of the 72 FL clubs. Or a weeks wages for Maouche. What's the £5.5k supposed to be spent on according to their criteria, they must have rules surely? Link to comment Share on other sites More sharing options...
singe Posted August 14, 2019 Share Posted August 14, 2019 8 minutes ago, BP1960 said: What's the £5.5k supposed to be spent on according to their criteria, I don't know TBH. I don't even know if the figure is accurate or a guess. But I was just pointing out although I agree the FL is not going to just give money away, and it's like turkeys voting for Christmas but the amount per club is tiny. TBH I think it would be more. I imagine they have to submit quite a bit. But you could grade so transparent clubs like Accrington get one visit per season, but others with alarm bells like Bury. Bolton get someone there permanently till it is sorted and lesser involvement in between so an incentive to be legit.. Link to comment Share on other sites More sharing options...
tGWB Posted August 14, 2019 Share Posted August 14, 2019 15 minutes ago, singe said: That's £5.5k per each of the 72 FL clubs. Or a weeks wages for Maouche. Singe Its £1.1m per club, includes the solidarity payments from the Premier League plus the EFL TV deal for the 72. Just checked it again with Kevin Maguire and forwarded his confirmation on to you Link to comment Share on other sites More sharing options...
leeslover Posted August 14, 2019 Share Posted August 14, 2019 18 minutes ago, tGWB said: Mind boggling money to me tbh and a galaxy away from the money the PL Clubs get but I would think a significant amount to a League2 club. Saying that though, we can only guess what our club revenues and costs are because they never get published for us to see. If they doubled it, or halved it, wage bills would go up or down by that amount and the same clubs would still spend to the point of threatening their existence Link to comment Share on other sites More sharing options...
leeslover Posted August 14, 2019 Share Posted August 14, 2019 1 hour ago, UsedtobeWozzer said: I highly recommend a Twitter account by the name of “The state of LinkedIn” - you’d be surprised how many people manage it. Great account that. I'm still on the lookout for Koweniki's go. The board meeting throbbed with energy. Positive energy, challenging energy, but without confrontation. Each person put their view with passion, but all knew that we must come together to make the best choice for the company. But of course it was like that, how could it be otherwise? I had chosen and moulded this group. Some were already semi-precious stones when I found them, some were barely more than dirty pebbles, but their polished synergism now shone like the Jewels in my Crown. I spoke the least. Hitler was said to be the weakest member of his Cabinet. The others made power plays and strutted for attention but he was Fuhrer. The decision was made. The sandwiches will be served at 12:30. Link to comment Share on other sites More sharing options...
BP1960 Posted August 14, 2019 Share Posted August 14, 2019 20 minutes ago, singe said: I don't know TBH. I don't even know if the figure is accurate or a guess. But I was just pointing out although I agree the FL is not going to just give money away, and it's like turkeys voting for Christmas but the amount per club is tiny. TBH I think it would be more. I imagine they have to submit quite a bit. But you could grade so transparent clubs like Accrington get one visit per season, but others with alarm bells like Bury. Bolton get someone there permanently till it is sorted and lesser involvement in between so an incentive to be legit.. After the horse has bolted from the EFL it seems to me. Link to comment Share on other sites More sharing options...
BP1960 Posted August 14, 2019 Share Posted August 14, 2019 6 minutes ago, leeslover said: Great account that. I'm still on the lookout for Koweniki's go. The board meeting throbbed with energy. Positive energy, challenging energy, but without confrontation. Each person put their view with passion, but all knew that we must come together to make the best choice for the company. But of course it was like that, how could it be otherwise? I had chosen and moulded this group. Some were already semi-precious stones when I found them, some were barely more than dirty pebbles, but their polished synergism now shone like the Jewels in my Crown. I spoke the least. Hitler was said to be the weakest member of his Cabinet. The others made power plays and strutted for attention but he was Fuhrer. The decision was made. The sandwiches will be served at 12:30. I take it you've seen the movie 'Downfall'? Link to comment Share on other sites More sharing options...
leeslover Posted August 14, 2019 Share Posted August 14, 2019 4 minutes ago, BP1960 said: I take it you've seen the movie 'Downfall'? Yes, Goring would never have waited till half twelve for lunch Link to comment Share on other sites More sharing options...
HarryBosch Posted August 14, 2019 Share Posted August 14, 2019 Playing Devil's Advocate - I'm not saying it's right but, many clubs (and many businesses in general) would probably look like basket cases right now under the scrutiny of an indepth audit but those same clubs will be fine, or still here plodding along chaotically, in 6 months or a years or 3 years time. At some point they might sell a player for big money or have a lucrative cup run and be a bit less financially chaotic for a while.... When has it ever been any different? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.