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Post by pughywasfree on Apr 27, 2024 14:41:55 GMT 1
Season is finished and still no comment about the accounts. Such disrespect towards the fan base.
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Apr 27, 2024 14:43:48 GMT 1
Post by ssshrew on Apr 27, 2024 14:43:48 GMT 1
But are you truly surprised., I’m not.
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Apr 27, 2024 14:50:00 GMT 1
Post by pughywasfree on Apr 27, 2024 14:50:00 GMT 1
But are you truly surprised., I’m not. TBH yes I am. The silence makes me think that something is happening behind the scenes.
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johnno
Midland League Division One
Posts: 366
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AGM
Apr 27, 2024 14:51:28 GMT 1
ssshrew likes this
Post by johnno on Apr 27, 2024 14:51:28 GMT 1
But are you truly surprised., I’m not. TBH yes I am. The silence makes me think that something is happening behind the scenes.
oh I hope so, needs so much change that club
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Apr 27, 2024 14:52:11 GMT 1
Post by ssshrew on Apr 27, 2024 14:52:11 GMT 1
When you are as old as me nothing will surprise you!
There is definitely something not right somewhere at the club and we can only hope that whatever it is is sorted soon.
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AGM
Apr 27, 2024 15:08:14 GMT 1
Post by mattmw on Apr 27, 2024 15:08:14 GMT 1
To be fair to the club it probably makes sense to wait until a few days after the end of the season to provide and update on all things STFC including the accounts and items discussed at the AGM. With the season done certain issues become clearer and its naturally a reasonable time to review the last 12 months and start to outline what the plan for the next 12 months are.
That said its probably one of the most important end of season updates thats been needed for many a season, with a lot of outstanding questions about the current status of the club are, and what is likely to happen in the coming 12 months.
I think my fear is that the having stayed up and got Hurst back there maybe a feeling of "job done" at the club and that we head into next season with a reduced budget and hope that Hurst pulls a blinder again in terms of signings and performances. While that might happen you'd hope over the coming weeks we'll start to see some of the longer term institutional changes start to come through which are needed to secure the clubs future. Interesting few weeks ahead
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Apr 27, 2024 15:10:22 GMT 1
Post by cabanas2017 on Apr 27, 2024 15:10:22 GMT 1
It was suggested to me that a large portion of 1.6 million that eroded down to 80k was due to legal fees on lawyers by the club (Roland) against irregular financial dealings by Brian Caldwell, and the case then advised to be dropped ....... I assume we will never find out what actually went on?
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Post by pughywasfree on Apr 27, 2024 16:05:25 GMT 1
It was suggested to me that a large portion of 1.6 million that eroded down to 80k was due to legal fees on lawyers by the club (Roland) against irregular financial dealings by Brian Caldwell, and the case then advised to be dropped ....... I assume we will never find out what actually went on? A large portion of 1.6M on legal fees? surely not.
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Apr 27, 2024 16:11:36 GMT 1
Post by cabanas2017 on Apr 27, 2024 16:11:36 GMT 1
It was suggested to me that a large portion of 1.6 million that eroded down to 80k was due to legal fees on lawyers by the club (Roland) against irregular financial dealings by Brian Caldwell, and the case then advised to be dropped ....... I assume we will never find out what actually went on? A large portion of 1.6M on legal fees? surely not. To be honest that was my response, like I posted, will we ever know the facts?
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AGM
Apr 27, 2024 18:31:03 GMT 1
via mobile
Post by Pilch on Apr 27, 2024 18:31:03 GMT 1
A large portion of 1.6M on legal fees? surely not. To be honest that was my response, like I posted, will we ever know the facts? What would you do with the facts ?
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Post by shrewdshrewssupporter on Apr 27, 2024 18:45:06 GMT 1
A large portion of 1.6M on legal fees? surely not. To be honest that was my response, like I posted, will we ever know the facts? A quick note on this. The accounts posted show an administrative costs increase of £500k season on season (presumably other costs are constant) and this could have partially been from Steve's (alleged) liberal spending on hotels etc. So you could take £500k as a finger in the air maximum figure. Typically legal costs, if significant and one off, would be posted as an exceptional item, to reflect that they will not impact future accounts. There is no such item in these accounts. Likely meaning that such costs are far below the aforemntioned £500k, should they exist in any substantial form. I think, and please do dispute me if wrong, that the accounts resolve this one.
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AGM
Apr 27, 2024 19:07:39 GMT 1
via mobile
Post by vladimir on Apr 27, 2024 19:07:39 GMT 1
To be honest that was my response, like I posted, will we ever know the facts? What would you do with the facts ? Banter. What would you do with them?
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AGM
Apr 27, 2024 20:04:12 GMT 1
ssshrew likes this
Post by talkingoftheshrews on Apr 27, 2024 20:04:12 GMT 1
To be honest that was my response, like I posted, will we ever know the facts? A quick note on this. The accounts posted show an administrative costs increase of £500k season on season (presumably other costs are constant) and this could have partially been from Steve's (alleged) liberal spending on hotels etc. So you could take £500k as a finger in the air maximum figure. Typically legal costs, if significant and one off, would be posted as an exceptional item, to reflect that they will not impact future accounts. There is no such item in these accounts. Likely meaning that such costs are far below the aforemntioned £500k, should they exist in any substantial form. I think, and please do dispute me if wrong, that the accounts resolve this one. Given the timing of their departures, wouldn't any legal fees be in the accounts for this season (23/24)? They both left at the end of the 22/23 campaign, which is the one the accounts cover. Any legal fees would be in the accounts for the 23/24 season I would imagine, as that is when they would have occurred (if they have)?
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Post by vladimir on Apr 27, 2024 20:15:43 GMT 1
Would be a bit mental for someone not worth mega money to spend vital club resources in a case where the cost of lawyers would exceed more than they could recoup from the defendant.
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Post by shrewdshrewssupporter on Apr 27, 2024 20:21:32 GMT 1
A quick note on this. The accounts posted show an administrative costs increase of £500k season on season (presumably other costs are constant) and this could have partially been from Steve's (alleged) liberal spending on hotels etc. So you could take £500k as a finger in the air maximum figure. Typically legal costs, if significant and one off, would be posted as an exceptional item, to reflect that they will not impact future accounts. There is no such item in these accounts. Likely meaning that such costs are far below the aforemntioned £500k, should they exist in any substantial form. I think, and please do dispute me if wrong, that the accounts resolve this one. Given the timing of their departures, wouldn't any legal fees be in the accounts for this season (23/24)? They both left at the end of the 22/23 campaign, which is the one the accounts cover. Any legal fees would be in the accounts for the 23/24 season I would imagine, as that is when they would have occurred (if they have)? Yep, could well be the case if legal proceedings began this season. Cabanas mentioned the losses sustained last season (£1.6m in the bank down to c. £80k), so I thought it best to address that!
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Apr 27, 2024 21:54:12 GMT 1
Post by Pilch on Apr 27, 2024 21:54:12 GMT 1
What would you do with the facts ? Banter. What would you do with them? I see what you did wrong there you thought it was banter
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Post by hectord0g137 on Apr 29, 2024 12:36:43 GMT 1
Surely it's time for an official statement regarding AGM/accounts even if it's just to stop all the bo77ocks that's being spouted. My off season wishes to be one of optimisim not doom and gloom
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Apr 30, 2024 15:22:34 GMT 1
Post by pughywasfree on Apr 30, 2024 15:22:34 GMT 1
The silence continues.
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Post by tarporleyblue on Apr 30, 2024 15:24:51 GMT 1
Perhaps there will be nothing forthcoming? The club may feel that the Chairman's comments in the annual accounts will more than suffice?
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Post by pughywasfree on Apr 30, 2024 18:19:04 GMT 1
Perhaps there will be nothing forthcoming? The club may feel that the Chairman's comments in the annual accounts will more than suffice? I'd be very disappointed if this was true. When the accounts were revealed it was stated in the article no comment will be made until after the AGM. It is now after the AGM.
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Apr 30, 2024 19:19:10 GMT 1
Post by Pilch on Apr 30, 2024 19:19:10 GMT 1
Perhaps there will be nothing forthcoming? The club may feel that the Chairman's comments in the annual accounts will more than suffice? I'd be very disappointed if this was true. When the accounts were revealed it was stated in the article no comment will be made until after the AGM. It is now after the AGM. didn't they say they wouldn't be answering any more questions until after the AGM ? considering you seem to be the only one moaning about it have you actually mailed the club yet with whatever question it is you want answering ? or even posted them a crystal ball
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Post by ProudSalopian on Apr 30, 2024 19:23:05 GMT 1
I'd be very disappointed if this was true. When the accounts were revealed it was stated in the article no comment will be made until after the AGM. It is now after the AGM. didn't they say they wouldn't be answering any more questions until after the AGM ? considering you seem to be the only one moaning about it have you actually mailed the club yet with whatever question it is you want answering ? or even posted them a crystal ball It's been posted a few times but the quote from the club was THERE WILL BE NO COMMENT FROM THE CLUB UNTIL AFTER OUR ANNUAL GENERAL MEETING (AGM) ON THURSDAY, APRIL 18.
Personally, I didn't take that to mean that the fans needed to send their questions to the club to get their view on the latest accounts
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AGM
Apr 30, 2024 19:26:58 GMT 1
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Post by Valerioch on Apr 30, 2024 19:26:58 GMT 1
Perhaps there will be nothing forthcoming? The club may feel that the Chairman's comments in the annual accounts will more than suffice? Probably - us fans are usually treated with utter contempt, why would now be any different?
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Apr 30, 2024 20:01:00 GMT 1
Post by Pilch on Apr 30, 2024 20:01:00 GMT 1
didn't they say they wouldn't be answering any more questions until after the AGM ? considering you seem to be the only one moaning about it have you actually mailed the club yet with whatever question it is you want answering ? or even posted them a crystal ball It's been posted a few times but the quote from the club was THERE WILL BE NO COMMENT FROM THE CLUB UNTIL AFTER OUR ANNUAL GENERAL MEETING (AGM) ON THURSDAY, APRIL 18.
Personally, I didn't take that to mean that the fans needed to send their questions to the club to get their view on the latest accounts the accounts were released over a month back which included a report from the chairman , despite it not being necessary an AGM was held for the benefit of shareholders to question the board , I think out of respect to those shareholders the club announced they would not be answering questions from anyone before the agm, presumably as those shareholders would have cried and jumped up and down had that happened and yet a month on and still nothing from those members , not even a tenuous conspiracy that even flat earthers would laugh at ;-) ( that suggests nothing new was said ) but presumably the club would answer questions now if anyone could actually be bothered to ask any
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AGM
May 1, 2024 6:46:36 GMT 1
via mobile
Post by rickyspanish on May 1, 2024 6:46:36 GMT 1
I think my fear is that the having stayed up and got Hurst back there maybe a feeling of "job done" at the club and that we head into next season with a reduced budget and hope that Hurst pulls a blinder again in terms of signings and performances. You call it your fear, but isn't this exactly what is happening/going to happen? I mean I could be wrong, but what is the alternative 🤷
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AGM
May 1, 2024 9:14:20 GMT 1
Post by tarporleyblue on May 1, 2024 9:14:20 GMT 1
It's been posted a few times but the quote from the club was THERE WILL BE NO COMMENT FROM THE CLUB UNTIL AFTER OUR ANNUAL GENERAL MEETING (AGM) ON THURSDAY, APRIL 18.
Personally, I didn't take that to mean that the fans needed to send their questions to the club to get their view on the latest accounts the accounts were released over a month back which included a report from the chairman , despite it not being necessary an AGM was held for the benefit of shareholders to question the board , I think out of respect to those shareholders the club announced they would not be answering questions from anyone before the agm, presumably as those shareholders would have cried and jumped up and down had that happened and yet a month on and still nothing from those members , not even a tenuous conspiracy that even flat earthers would laugh at ;-) ( that suggests nothing new was said ) but presumably the club would answer questions now if anyone could actually be bothered to ask any We did have a member of this board and also a shareholder who did say that he would take questions to the AGM. He did not however follow up on that suggestion.
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Post by pughywasfree on May 1, 2024 16:35:36 GMT 1
I'd be very disappointed if this was true. When the accounts were revealed it was stated in the article no comment will be made until after the AGM. It is now after the AGM. didn't they say they wouldn't be answering any more questions until after the AGM ? considering you seem to be the only one moaning about it have you actually mailed the club yet with whatever question it is you want answering ? or even posted them a crystal ball I know you are just being flippant but its pretty obvious what needs to be said. A statement of reassurance, any reason for the worrying accounts and an explanation of what is being done to try and improve things. Maybe even an insight into next seasons budgets. You know basic communication with a loyal fan base.
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May 1, 2024 16:42:34 GMT 1
Post by Pilch on May 1, 2024 16:42:34 GMT 1
didn't they say they wouldn't be answering any more questions until after the AGM ? considering you seem to be the only one moaning about it have you actually mailed the club yet with whatever question it is you want answering ? or even posted them a crystal ball I know you are just being flippant but its pretty obvious what needs to be said. A statement of reassurance, any reason for the worrying accounts and an explanation of what is being done to try and improve things. Maybe even an insight into next seasons budgets. You know basic communication with a loyal fan base. would next seasons budget have been discussed at the AGM ? why dont you actually ask the club a question instead of doing nothing but moaning I did, after the AGM I arranged to pop to the club and meet the chairman for the very first time. I asked a few questions and got a few answers simple really , they don't bite
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AGM
May 1, 2024 17:24:09 GMT 1
via mobile
Post by FloreatShrew on May 1, 2024 17:24:09 GMT 1
Can you post them on here please?
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Post by Feedo Gnasher on May 1, 2024 17:29:06 GMT 1
Lovely, shall we book out the chairman’s summer with one-to-one meetings with fans?
As usual information only being given to the few.
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