That's right, I want to know what happened for certain in quantifiable terms. That doesn't seem to me to be unreasonable.Bangitintrnet wrote: January 29th, 2024, 9:14 amI have answered in detail what I think, but you are deaf to anything other than it has to be a physical quantity.Amberexile wrote: January 29th, 2024, 8:48 amA lot of words to say that you don't know, you can't give any definitive answers.Bangitintrnet wrote: January 29th, 2024, 8:36 amCovid was a massive problem, but for business it was an opportunity to get low interest loans with few questions asked. That's what we were competing with, and clubs with owners who could take advantage did. Our owner was the trust membership, how do you join the party without a company?Amberexile wrote: January 28th, 2024, 9:44 pmGo on then answer. How did we lose that money? What did we spend the £1,2million on? What assets do we have to show for it? What steps have we taken to ensure it doesn't happen again?Bangitintrnet wrote: January 28th, 2024, 8:45 pmI would have thought that was obvious lol,Amberexile wrote: January 28th, 2024, 12:13 pmYes the accountants did back up the facts published in the accounts.Bangitintrnet wrote: January 28th, 2024, 11:58 amOf course the several accountants including the football forensic accountant for the FA, back up your view that what you are looking at, bears any resemblance to fact or indeed standard accountancy practice did they?Amberexile wrote: January 28th, 2024, 11:03 amHard facts that you don't like are always hard work until you accept them andBangitintrnet wrote: January 28th, 2024, 10:18 amYou are hard work aren't you.Amberexile wrote: January 28th, 2024, 9:48 am
It isn't that I believe we made profits in 2020 and 2021 it is that it is stated as a fact in the audited and published accounts. As is the loss in 2022 with no explanation.
Thses are facts unless you believe the accounts are incorrect?
You don't seem to get that RP was on both sides of the credit and loss in the accounts. It is also impossible for you to believe that RP didn't go to the WRU and say we can't pay as we don’t have income, and nor can our tenants.
Payments were deferred, and also things such as wages, bonuses, monies due to pay for pitch renewal etc etc.
Look at the Carlisle accounts if you want to see what clubs did during covid, they had the problem of a major backer going bust, and the receiver looking at recovering millions from a football club loan.
We know for a fact that our accounts were wrong, because we were told they were wrong, and that future years were changed to suit.
Why do you still believe in the covid years accounts fantasy profits?
The accounts do not support your illogical assumptions, nor does standard accountancy practice.
Since you like to live in a fantasy world, try this what if... what if the acoustic to June 2023 which we have not yet seen show another 7 figure loss?
The Carlisle accounts confirm that what clubs were doing was taking advantage of deferring payments and low interest loans. It was to make sure that the cash account (from in their case, player sales) stayed as cash, available to be used for all things that our windfall cash was used for.
Why did HJ confirm that the club had cash flow problems, if he was expecting to pay 7 figures, season after season?
That is why they remained unchanged and still show an audited loss of £1.2 million.
So the question that you cannot answer remains. What causef that loss to occur?
So others are spending large amounts and offering our better players contacts. So what happens to our negotiating position in that situation? So we end up with overspends just to stand still. But it is all deferred, payments to RP deferred, bonus payments deferred.
So when the spending occurs and payback happens are two different times. That's what I think happened to us, but to others the loans were written off.
HJ still has the problem of other clubs using owners money in large quantities. The trust showed it could put out a team that could prosper, and this seasons budget has, as our league standing and Cup run has shown. That keeps crowds higher, consolidates the fan base, and this year pays off the overspend.
The challenge for HJ is to match the trust achievements, while reducing the costs by finding new opportunities. The new shop in Friars Walk is higher profile, and no doubt higher cost but as that is shared with the Dragon's, it is a small example of what he is looking to build upon.
We don't have the finances of the likes of Bradford or FGR or Salford, but we are above those teams, and looking to finish top half with a trust budget.
I want to know, it would seem others want to know also,
And that is the point, none of us know because those who do know won't tell us - How did we lose that money? What did we spend the £1,2million on? What assets do we have to show for it? What steps have we taken to ensure it doesn't happen again?
Can you definitively answer all of those questions? A simple yes or no response will do.
IMO they have spent it on maintaining and building the club, it is slow process, due to financial disadvantage, but we all hope the process will continue and progress under HJ.
I'm not interested in your or anybody else's theories on what might have happened. Including the more outlandish nonsense spouted such as those of potential fraud.
Hard facts are needed - How did we lose that money? What did we spend the £1,2million on? What assets do we have to show for it? What steps have we taken to ensure it doesn't happen again?
You clearly can't help to definitively answer those questions. I don't blame you for that as the answers have remained hidden from all of us.