FORUMS > Halifax Panthers > The clubs financial state. |
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| Quote: littlerich "The accounts are in the public domain. If people are panicking about the latest published accounts then they don't understand the financial world around them, the recent history of the UK economy, the recent problems within the game of RL and the nature of ownership/LT liabilities of sporting clubs in general. I don't think the club should have to answer to people who can't process information properly.
If people want re-assurance - I suggest they go and have a look at other sporting clubs' accounts and not just RL clubs either. The company I work for has negative equity yet we are going through our best boom time for a decade. We are also in hock to the parent company for £1m as a LT liability. At first glance our published accounts do not match the feel good factor within our building but with a little perspective and common sense the "state of the accounts" can and should be re-assessed.'"
Sorry but I find that a little patronising. IIRC you work in the field of accountancy. Not everyone understands balance sheets, that doesn't make them thick. I run a limited company but employ an accountant to do my books. When he sends me the Statement of Accounts at year end I scan through them. The finer details don't mean a lot to me but if the bottom line showed a massive deficit I would require an explanation, especially if I thought I'd had a pretty good year.
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Player Coach | 2572 | No Team Selected |
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| Quote: charlie k "The club should issue a statement re the rent, Their silence is almost an admission of guilt. The club is not being run properly and will end up the same way as the football club'"
You mean the old football club ?
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| Statement from Tony Abbott would be appreciated by one and all.
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| Quote: Realist Shay "Statement from Tony Abbott would be appreciated by one and all.'"
Would you like us to read and explain it to you?
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| I thought he'd been blocked.
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| Quote: Realist Shay "Statement from Tony Abbott would be appreciated by one and all.'"
Why? You wouldn't believe him anyway.
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International Board Member | 18789 | No Team Selected |
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| Quote: Fax Machine "Sorry but I find that a little patronising. IIRC you work in the field of accountancy. Not everyone understands balance sheets, that doesn't make them thick. I run a limited company but employ an accountant to do my books. When he sends me the Statement of Accounts at year end I scan through them. The finer details don't mean a lot to me but if the bottom line showed a massive deficit I would require an explanation, especially if I thought I'd had a pretty good year.'"
But then if people don't understand financial statements they shouldn't mouth off about them like they do.
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| You dont need to be any sort of accountant to know
that being over 12 months behind on rent means
there is something amiss.
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| Quote: Realist Shay "Statement from Tony Abbott would be appreciated by one and all.'"
may be going to annouce it to the world on radio show on friday morning.
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| So should the club issue weekly statements highlighting which bills they haven't paid yet? I don't think the club need to respond to any questions like that. However, if it stops people having kittens then maybe they should? The danger is that's sets a precedence for every Tom dick and Harry flood this board with inane questions.
Thank god were not Bradford Bulls fans!! We'd be £500k lighter and still up poop creek
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| Quote: littlerich "But then if people don't understand financial statements they shouldn't mouth off about them like they do.'"
So what do you understand that FaxMachine doesn't ?
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| Perspective
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| Why do the club need to make any statement against a witchhunt made by HTFC fans? Its this sickening anti Fax/Tony Abbott hate campaign that is based on empty lies. Many companies dont pay straightup debts so why should Fax? Fax for me are not in danger of going bust soon and I trust the people who have got us where we are. By lowering itself to answer stupid questions based on lies and a hate campaign will serve no good. I am sure if it was an issue the Council will deal with it
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Player Coach | 6698 | No Team Selected |
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| Quote: The Lucky Black Cat "Why do the club need to make any statement against a witchhunt made by HTFC fans? Its this sickening anti Fax/Tony Abbott hate campaign that is based on empty lies. Many companies dont pay straightup debts so why should Fax? Fax for me are not in danger of going bust soon and I trust the people who have got us where we are. By lowering itself to answer stupid questions based on lies and a hate campaign will serve no good. I am sure if it was an issue the Council will deal with it'"
Exactly, well said, all this conjecture is based on a letter addressed to no one with the amount of "supposed" rent arrears in a different type.
Let them say what they want, don't react (ive media) they will soon disapear back under their stones.
Reactive Media Shay Stadium, home of FC Halifax Town and Halifax Rugby League Football Club.
One Town, One Stadium, Two teams.
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| Quote: littlerich "Perspective'"
Any fool can come up with a one word answer.
If you reckon he doesn't understand, educate him.
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