EVERYTHING ACCOUNTED FOR?

EVERYTHING ACCOUNTED FOR?

 

I wrote previously(Team work makes the dream work.) on clubs that had gone in to administration in the 21st Century and some of those didn’t make it out.
Those that did re-emerge from administration mostly did so with their tails between their legs and seemingly with lessons learned.
Motherwell are in good health according to their last accounts (May 2016), they had approx. 330K in the bank. Their next accounts are due in February next year and there shouldn’t be too many shocks. Alongside a 1 in 50 year event of a league cup final appearance they should hopefully be in good shape for the future.
Heart of Midlothian saw their annual turnover increase, in their accounts to June 2016, by almost £3 million on their return to the top flight, their next AGM is due in December. Again they shouldn’t have too much to concern them even if their Europa league foray was short-lived they do have their new stadium almost complete and that should bring more revenue in.
Dundee FC accounts to May 2016 show a deficit of approx. £700,000 – that’s not insignificant when turnover is less than £4 Million p.a. This is a club that is getting bailed out by shareholder(s); the SFA/SPFL are hopefully following this to ensure that DFC have a plan to become sustainable and within a fixed time period.
Rangers IFC was cobbled together from the wreckage of the now liquidated Rangers FC (1872): This year the accounts for the new club show a loss of approx. £7million on around £30 million turnover. An increase in the loss column of more than £3 million just this year. If you have only been in business for 5 years that is a precarious and scary position to be in. Coupled with an operating expense increase of £8 million! What on earth is going on here?
The SFA must not hide as it has done before. It should recommend to those affected clubs that they provide their action plan to escape their vicious debt circles and publicise to the supporters the need to become sustainable football clubs. Volunteer to adopt the FFP rules; that means not living off benefactors using shadow companies and costs not exceeding revenue, to achieve financial stability. In turn that may mean relegation, unemployment etc. then so be it, at least then the clubs will be reflecting their actual standing.
HOW MANY CLUBS HAVE TO BE FORCED IN TO ADMINISTRATION OR LIQUIDATED BEFORE THE SFA WILL ACT, OR COMPEL THE SPFL TO ACT!
The SFSA findings, taking account of the views of 16,000 Scottish football fans, shows virtually no trust in the SFA. That’s about 10 times more people than your typical MORI poll, but sadly I don’t think the powers that be will listen. As Hugo rightly pointed out on Wednesday the press need to call this out and the fans have given their mandate via the SFSA. There can’t be any more excuses. Scottish football to me is as interesting now as it has ever been. Aberdeen are vastly improved in the last 5 years. Motherwell are a great example of the positive influence of fan ownership. Hibernian’s Neil Lennon is a hugely ambitious manager and I suspect like Brendan Rodgers he doesn’t necessarily feel he has to be in England to be part of exciting football competitions. Some of the managers in town are outstanding, the arrivals of Steve Clarke at Kilmarnock and Owen Coyle at Ross County have only added to the quality in the SPFL. The Championship will be another closely fought race for title and promotion I’m sure. And overall attendances are creeping upwards. This would be the perfect time for the SFA / SPFL to step up. If they can’t then we need an alternative; maybe the governing body should be owned by the fans. They seem to be the only ones that want an even playing field for all.

TTQtKK

2 thoughts on “EVERYTHING ACCOUNTED FOR?

  1. I think your absolutely right. But hopefully the fans will keep trying to call them out. And we should definitely pushing for it.

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