Jump to content

BRFCS

BY THE FANS, FOR THE FANS
SINCE 1996
Proudly partnered with TheTerraceStore.com

RoverDom

Members
  • Posts

    4432
  • Joined

  • Last visited

  • Days Won

    9

Posts posted by RoverDom

  1. 6 minutes ago, wilsdenrover said:

    I think you mean the below bit of the auditor’s report (this is the year ending 30/6/2022) 

    I think A.Wharton’s departure will mean they’re happy to include the same this year.

     

    IMG_1530.jpeg

    Instinctively yeah, I think Wharton puts them safe - buts is liquidity and cash flow that's the key over the accounting losses. The Wharton fee is installments and presumably they've structured it in a way to meet our cash commitments over the coming year - but you never know with our lot.

     

  2. 19 minutes ago, Herbie6590 said:

    Not really…the year end being reported on is June 2023. Activity in January 2024 is irrelevant to those numbers.

    Sonethings between the reporting date of June and the sign off date is potentially relevant as they have to report significant post balance sheet events (or events after the reporting period). It's normally just a note to the accounts though and wouldn't change the numbers. 

    More relevant is that they also have to be confident that the organisation will be a going concern for atleast 12 months from the date of signing. I've said a couple of times that with the indian court situation, I wouldn't sign it off as a going concern so I'd imagine the auditors are voicing some concerns. The directors have to make a similar declaration that it's a going concern so I wonder if our FD wants to avoid declaring it a going concern and then it being plunged into administration. 

  3. 9 minutes ago, jones_rover said:

    is usual, even for much smaller companies, to have both a Finance Director and a Financial Controller / Finance Manager / Head of Finance.

    To add to that, I've recently done some voluntary financial controls work at a Multi Academy Trust, where they had a Finance Director but no Controller / HoF and it was really inefficient not having the two roles. 

    • Like 1
  4. 8 minutes ago, Bethnal said:

    Have the finance dept been asked to sign off on something they disagree with?

    I thought this too. Like you though I'm cautious of seeing what I want to see. I just don't understand why they'd take the fall for a botched transfer so their reason for leaving must be something else. 

    • Like 1
  5. 6 minutes ago, Bethnal said:

    It’s a going concern, purely on the basis of those two points and - I assume - no radical cost increases across the business.

    From the accounts point of view does the going concern assessment has to cover a period of atleast 12 months from the sign off date. Does the £18m cover us for a year? (The rest is add-ons isn't it?). I'd say the fact that we have to go to court to get funding means that the owners can't provide a letter of comfort/ support to cover our losses. I'm personally very interested to see our accounts when they're signed off. 

  6. 7 minutes ago, Polky said:

    It just gets more embarrassing as the days go on…

    If that's actually what happened 

    1 - it's a fucking shambles

    2 - as a club, I am out and out lying about it.  Saying we did click submit but for some reason the system hasn't registered the submission. Presumably we can prove everything was completed properly and on time 

     

     

    • Like 3
  7. Deliberate, not necessarily. I think more than likely is incompetence, confusion and conflict leading to it. Maybe mowbray identified similar deal and was told no and just left it. Whereas Broughton got told no and went and restructured the deal last minute, cue last minute confusion as well as possible conflict for going back to something that had already been denied. 

    • Like 1
  8. 6 minutes ago, Tyrone Shoelaces said:

    What is the attitude of our local MP’s ? There’s a general election in the offing ? Maybe they could be galvanised into some action.

    As a side note, there’s a by election in my constituency, Rochdale, and the candidates were out in force at the football match on Saturday and the Rugby League match on Sunday. One of the candidates is a Dingles season ticket holder, allegedly, but he still rocked up to the ‘Dale on Saturday. It shows politicians are away of football fans are also voters.

    Could we crowd fund a “ Venkies Out “ candidate in Blackburn in the forth coming general election ?

     

    Not a local MP as such but Tim Farron has voiced his concerns about the ownership 

    • Like 1
  9. 18 minutes ago, goozburger said:

    If there's one thing that is being said that I will never believe, it's the conspiracy stuff. That somebody in the club is sabotaging paperwork, or willing us to go to League One (we were in it, so why didn't we stay there?).

    I know the club seems like a total mess, but don't go insane. The simplest, most believable, and most evidenced reason for everything that has gone on at the club is incompetence from top to bottom.

    I agree. It is comforting to think that someone is doing this on purpose and that it'll all be uncovered and they're sent to jail and we get our club back but I instinctively think you're right that it is just rank incompetence, arrogance, ignorance, pride, ego and a bit more incompetence to top it off. 

    • Like 1
  10. My maths isn't missing  something is it. I keep seeing the arguments that it's all down to the fans who don't attend.

    Say for example we got 10,000 extra in the crowd. If they were all ST holders that's 10k x £400ish = £4m. Or if theyre all on the  day at about £25 per game, over 23 games that's £5.75m. So we'd £4-6m extra income per season before taking into account the extra costs of hosting an extra 10,000 people and ignoring the fact youd have to do something with the price to get that extra crowd. Is that really touching the side of the losses we're making?

    Useful yes but solving all our problems? 

    • Like 1
  11. 5 minutes ago, Bennisfromheaven said:

    One thing I have noticed through Venkys tenure is that I have become less & less drawn to the football. The drama sucks you in & takes over your interests, be that at the expense of football or other things in your life.

    Does anyone else find their focus on Blackburn rover wain after a transfer window shuts? Summer & winter windows have become filled with anxiety that trickles into the fabric of your life, once the window closes & you think you can breathe, the drama spills out to the subsequent days, weeks & months. We are facing an excruciating 4 months until season end & only for the next installment to begin.

    I want to know what is happening to my club but it is painfully apparent that it drags my mood down.

    So, I had an idea today, would it be worth creating a thread that tracks events as they happen, facts, timelines, quotes & the occasional plausible rumour.

    No comments or discussion, just to try to piece together how this mess plays out?

    Whatever comes of this thread, be it a book, an unlikely Netflix documentary or simply a place to point any fan who believes venkys are competent owners who have the best interests of Blackburn rovers at heart. At the very least, we would have something to look at in generations to come & remember, "never again!"

    Is this something that the moderators would think is possible or could facilitate?

    The bit in bold is key for me. So much has gone on that I forget it all, much less able to pluck key articles and documents if challenged on it. We need to turn fans that either aren't looking under the bonnet or are in complete denial. 

    • Like 1
  12. 1 minute ago, Lucimo said:

    I gave Gregg the benefit of doubt last year. I think he took the fall for someone else's mistake. But at the time he said it would not happen again. If, as seems likely, there has been another monumental fuck up with the paperwork, then I'm sorry but he and whoever was responsible this time needs to go regardless of whether it was his error or not. But you're right, I won't hold my breath 

    I agree with you there, he either comes out and gives and honest answer about this shit show or he hands in his resignation 

    • Like 2
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.