|
Post by venceremos on Apr 5, 2024 16:50:41 GMT 1
The Club's governance was the Board of Directors which at the time was three people, two of whom have since left. It is externally Audited and has a going concern test every year in the accounts. The accounts are then scrutinised by the public and interested parties. I appreciate that that means that the decisions of the experienced CEO should have had scrutiny from all those levels. Semes like all those levels should or could have stood up a bit sooner ? Anyway - I for one still long to watch football and have this be an old memory. Just a question but does the Company Secretary have the same responsibilities as other directors No. The Company Secretary's role is to look after the formal administration of the company - Companies House filings etc. In smaller companies it was usually the accountants or solicitors who did this in practice and it's not even obligatory to have a secretary these days.
|
|
|
Post by dibblydobbly on Apr 5, 2024 17:24:11 GMT 1
The Club's governance was the Board of Directors which at the time was three people, two of whom have since left. It is externally Audited and has a going concern test every year in the accounts. The accounts are then scrutinised by the public and interested parties. I appreciate that that means that the decisions of the experienced CEO should have had scrutiny from all those levels. Semes like all those levels should or could have stood up a bit sooner ? Anyway - I for one still long to watch football and have this be an old memory. Just a question but does the Company Secretary have the same responsibilities as other directors Not really, not any more, it was a repsonsible job but it is not even compulsory to have one now.
|
|
|
Post by Pilch on Apr 5, 2024 17:41:01 GMT 1
Having listened to the pod cast there wasn’t a single accusation of fraud or any other legal wrong doing. According to Ant it was down to lack of control on BCs shift, misjudging risk and expected income and the general significant increases in overheads and academy costs that weren’t included last year prior to the adjustment. The pod cast isn’t shy on coming forward yet no one asked if there was any sign of misappropriation of funds. Maybe Glyn would have asked the question but I’m sure Ant would have been diplomatic and swerved any speculation. The facts are we lost £3.5 million whilst BC was CEO and SC was manager…..RW and others are keeping the club afloat at this difficult time and should be thanked for that. Glyn would probably ask why on earth the manager was seemingly encouraging fans to goad the chairman with 'give him a bigger budget' cries, when all along he knew this had already indirectly happened to the absolute maximum and was heading for disaster if it didn't stop
|
|
|
Post by davycrockett on Apr 5, 2024 17:49:27 GMT 1
Just a question but does the Company Secretary have the same responsibilities as other directors Not really, not any more, it was a repsonsible job but it is not even compulsory to have one now. I read it as BC was Secretary not a Director. Splitting hairs maybe because as CEO he was responsible but not as a Director?
|
|
|
Post by davycrockett on Apr 5, 2024 17:52:29 GMT 1
Having listened to the pod cast there wasn’t a single accusation of fraud or any other legal wrong doing. According to Ant it was down to lack of control on BCs shift, misjudging risk and expected income and the general significant increases in overheads and academy costs that weren’t included last year prior to the adjustment. The pod cast isn’t shy on coming forward yet no one asked if there was any sign of misappropriation of funds. Maybe Glyn would have asked the question but I’m sure Ant would have been diplomatic and swerved any speculation. The facts are we lost £3.5 million whilst BC was CEO and SC was manager…..RW and others are keeping the club afloat at this difficult time and should be thanked for that. Glyn would probably ask why on earth the manager was seemingly encouraging fans to goad the chairman with 'give him a bigger budget' cries, when all along he knew this had already indirectly happened to the absolute maximum and was heading for disaster if it didn't stop I didn’t hear him cry that or ask the fans to? He compared our budget with other clubs but the rest is just conjecture. Fans call for spending every January just like this year.
|
|
|
Post by dibblydobbly on Apr 5, 2024 17:54:33 GMT 1
Not really, not any more, it was a repsonsible job but it is not even compulsory to have one now. I read it as BC was Secretary not a Director. Splitting hairs maybe because as CEO he was responsible but not as a Director? I'm afraid we may be in the dark realms of shadow Directors (yes its a thing) he was on the "Board" on the Club website, and was CEO and Company Secretary, so not a formal legal Director, but possibly a Shadow Director, which carries the same responsibility really. Not sure if you expected splitting a hair to generate even more choices (was that not what Monkey did in the old TV series, use hair to make clones) but there we are.
|
|
|
Post by Pilch on Apr 5, 2024 17:56:05 GMT 1
Glyn would probably ask why on earth the manager was seemingly encouraging fans to goad the chairman with 'give him a bigger budget' cries, when all along he knew this had already indirectly happened to the absolute maximum and was heading for disaster if it didn't stop I didn’t hear him cry that or ask the fans to? He compared our budget with other clubs but the rest is just conjecture. Fans call for spending every January just like this year. I didn't say he did, but he may as well have done, as he continually moaned about the budget which immediately led to fans taking his comments and running with them
|
|
|
Post by davycrockett on Apr 5, 2024 17:59:48 GMT 1
I read it as BC was Secretary not a Director. Splitting hairs maybe because as CEO he was responsible but not as a Director? I'm afraid we may be in the dark realms of shadow Directors (yes its a thing) he was on the "Board" on the Club website, and was CEO and Company Secretary, so not a formal legal Director, but possibly a Shadow Director, which carries the same responsibility really. Not sure if you expected splitting a hair to generate even more choices (was that not what Monkey did in the old TV series, use hair to make clones) but there we are. No I used the phrase as I realised he was ultimately responsible through his employment as CEO but wondered if he was a director. You explained it well but I must have missed the TV series with the monkey 🙈🙉🙊
|
|
|
Post by dibblydobbly on Apr 5, 2024 18:06:13 GMT 1
I'm afraid we may be in the dark realms of shadow Directors (yes its a thing) he was on the "Board" on the Club website, and was CEO and Company Secretary, so not a formal legal Director, but possibly a Shadow Director, which carries the same responsibility really. Not sure if you expected splitting a hair to generate even more choices (was that not what Monkey did in the old TV series, use hair to make clones) but there we are. No I used the phrase as I realised he was ultimately responsible through his employment as CEO but wondered if he was a director. You explained it well but I must have missed the TV series with the monkey 🙈🙉🙊 Wow I must be realy old: Also now on Netflix as The new adventures of Monkey a New Zealand remake I think.. Comes from a medieval Chinese Book Journey to the west.
|
|
|
Post by davycrockett on Apr 5, 2024 18:16:23 GMT 1
No I used the phrase as I realised he was ultimately responsible through his employment as CEO but wondered if he was a director. You explained it well but I must have missed the TV series with the monkey 🙈🙉🙊 Wow I must be realy old: Also now on Netflix as The new adventures of Monkey a New Zealand remake I think.. Comes from a medieval Chinese Book Journey to the west. I’m much older I was too busy going out in the 70/80s to watch TV. Plenty of time now so I might take a look. I was more Four Feather Falls era……
|
|
|
Post by Pilch on Apr 5, 2024 18:19:14 GMT 1
its on itv x if you've got it, I've never seen it, might also watch it out of curiosity
|
|
|
Post by Pilch on Apr 5, 2024 18:22:04 GMT 1
I gave it 2:38 seconds and turned off , id rather watch Liverpool win I think ;-)
|
|
|
Post by dibblydobbly on Apr 5, 2024 18:25:26 GMT 1
Wow I must be realy old: Also now on Netflix as The new adventures of Monkey a New Zealand remake I think.. Comes from a medieval Chinese Book Journey to the west. I’m much older I was too busy going out in the 70/80s to watch TV. Plenty of time now so I might take a look. I was more Four Feather Falls era…… Trying 4 feather falls - it has been colorized - Not sure either of them is PC --- "liquorice for you and baccy for Gramps" ---
|
|
|
Post by dibblydobbly on Apr 5, 2024 18:35:21 GMT 1
Wow I must be realy old: Also now on Netflix as The new adventures of Monkey a New Zealand remake I think.. Comes from a medieval Chinese Book Journey to the west. I’m much older I was too busy going out in the 70/80s to watch TV. Plenty of time now so I might take a look. I was more Four Feather Falls era…… First episode is pretty good I have to admit, Horse with an english accent Lol
|
|
blueboy48
Midland League Division Two
Posts: 167
|
Post by blueboy48 on Apr 5, 2024 18:47:26 GMT 1
Most if not all of us on here are trying to make sense of all this without knowing what really went on. I never expected the accounts to reveal very much and Ant T. Was only ever going to comment on the facts. We can therefore only continue to speculate based on what we know to be true (The accounts), alleged inside information and rumours.
I base my views on the fact that RW removed BC and SC suddenly and probably at great cost. He then issued a statement warning of serious financial failures. The CEO is responsible for the running of the business and was held accountable. The manager holds no such responsibility so I have to deduce that SC exceeded his role or was influencing the decisions of BC. Whatever influence, maligne or otherwise may have been exerted, it does not excuse the CEO of his responsibilities to the business. We can only speculate on the scale of the failings of BC and SC. It may range from exercising poor judgement, bad luck, taking ones eye off the ball, negligence, Wrecklessness. Others have speculated beyond this but we remain in the dark.
I have long respected RW for his stewardship of the club. I admire the action he has taken this last twelve months, both his appointments and funding of the business. It therefore saddens me to say that RW must bear the ultimate responsibility for the actions of his employees. Not just in a legal sense but he must have taken his eye off the ball himself, to put it mildly. I've read or heard somewhere that he's kicking himself over what's happened and I can quite believe it. It's his money he's lost so he has my sympathy but he will know as well as anyone that it affects many other people at the club and of course the supporters.
The club will eventually have a new owner but in the meantime I think RW remains very capable of getting us back on track. With RW, Liam D and Hurst at the helm I am looking forward to next season.
|
|
|
Post by daveshrew on Apr 5, 2024 20:19:01 GMT 1
Most if not all of us on here are trying to make sense of all this without knowing what really went on. I never expected the accounts to reveal very much and Ant T. Was only ever going to comment on the facts. We can therefore only continue to speculate based on what we know to be true (The accounts), alleged inside information and rumours. I base my views on the fact that RW removed BC and SC suddenly and probably at great cost. He then issued a statement warning of serious financial failures. The CEO is responsible for the running of the business and was held accountable. The manager holds no such responsibility so I have to deduce that SC exceeded his role or was influencing the decisions of BC. Whatever influence, maligne or otherwise may have been exerted, it does not excuse the CEO of his responsibilities to the business. We can only speculate on the scale of the failings of BC and SC. It may range from exercising poor judgement, bad luck, taking ones eye off the ball, negligence, Wrecklessness. Others have speculated beyond this but we remain in the dark. I have long respected RW for his stewardship of the club. I admire the action he has taken this last twelve months, both his appointments and funding of the business. It therefore saddens me to say that RW must bear the ultimate responsibility for the actions of his employees. Not just in a legal sense but he must have taken his eye off the ball himself, to put it mildly. I've read or heard somewhere that he's kicking himself over what's happened and I can quite believe it. It's his money he's lost so he has my sympathy but he will know as well as anyone that it affects many other people at the club and of course the supporters. The club will eventually have a new owner but in the meantime I think RW remains very capable of getting us back on track. With RW, Liam D and Hurst at the helm I am looking forward to next season. Thank you for this post. Sums everything up well I think and gave reason to be positive at the end!
|
|
|
Post by ProudSalopian on Apr 5, 2024 20:30:46 GMT 1
Woah, hang on a minute. What happened to the presumption of innocence? I get what your saying and I accept the whole guilty v innocent is misleading because as you've said, we have no proof either way. My point was most fans have accepted that despite knowing very little about what happened, there is a connection between the two of them leaving in mysterious circumstances and us overspending last season. Of course, some people will say that you can blame them but surely Roland and the board have to be held accountable too. I'm certainly in that camp
|
|
|
Post by stuttgartershrew on Apr 6, 2024 13:41:33 GMT 1
No I used the phrase as I realised he was ultimately responsible through his employment as CEO but wondered if he was a director. You explained it well but I must have missed the TV series with the monkey 🙈🙉🙊 Wow I must be realy old: Also now on Netflix as The new adventures of Monkey a New Zealand remake I think.. Comes from a medieval Chinese Book Journey to the west. Not sure really old but old for sure. I used to enjoy The Water Margin too (from around the same time as Monkey was on the box if I recall right). Cracking theme tune
|
|
|
Post by tarporleyblue on Apr 6, 2024 13:45:44 GMT 1
Wow I must be realy old: Also now on Netflix as The new adventures of Monkey a New Zealand remake I think.. Comes from a medieval Chinese Book Journey to the west. Not sure really old but old for sure. I used to enjoy The Water Margin too (from around the same time as Monkey was on the box if I recall right). Cracking theme tune Monkey and the water margin... a blast from the past
|
|
|
Post by staffordshrew on Apr 6, 2024 14:05:32 GMT 1
Most if not all of us on here are trying to make sense of all this without knowing what really went on. I never expected the accounts to reveal very much and Ant T. Was only ever going to comment on the facts. We can therefore only continue to speculate based on what we know to be true (The accounts), alleged inside information and rumours. I base my views on the fact that RW removed BC and SC suddenly and probably at great cost. He then issued a statement warning of serious financial failures. The CEO is responsible for the running of the business and was held accountable. The manager holds no such responsibility so I have to deduce that SC exceeded his role or was influencing the decisions of BC. Whatever influence, maligne or otherwise may have been exerted, it does not excuse the CEO of his responsibilities to the business. We can only speculate on the scale of the failings of BC and SC. It may range from exercising poor judgement, bad luck, taking ones eye off the ball, negligence, Wrecklessness. Others have speculated beyond this but we remain in the dark. I have long respected RW for his stewardship of the club. I admire the action he has taken this last twelve months, both his appointments and funding of the business. It therefore saddens me to say that RW must bear the ultimate responsibility for the actions of his employees. Not just in a legal sense but he must have taken his eye off the ball himself, to put it mildly. I've read or heard somewhere that he's kicking himself over what's happened and I can quite believe it. It's his money he's lost so he has my sympathy but he will know as well as anyone that it affects many other people at the club and of course the supporters. The club will eventually have a new owner but in the meantime I think RW remains very capable of getting us back on track. With RW, Liam D and Hurst at the helm I am looking forward to next season. I'd question your deduction about SC. Judging by the timeline of it all, he was told the job would involve working with a Director of Football and left. I note that he's dead against having a DofF at FGR too.
|
|
blueboy48
Midland League Division Two
Posts: 167
|
Post by blueboy48 on Apr 6, 2024 14:20:38 GMT 1
Im sure you're right about SC's dislike of a DoF. It looks like Roland also knew it.
|
|
|
Post by staffordshrew on Apr 6, 2024 14:33:18 GMT 1
Im sure you're right about SC's dislike of a DoF. It looks like Roland also knew it.
|
|