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Most liked posts in thread: Accounts 2018/2019

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  1. Idlebantam

    Idlebantam Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant P.L. 20/21 Top 10

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    Hard NOT to criticise Rupp for allowing Rahic to run the club like he did for so long. How could a successful businessman such as Rupp take his eye off the ball given his large investment
     
    #12 Idlebantam, Mar 25, 2020
    Jay, Andy10, Bantamsteve and 4 others like this.
  2. Mike Hunt

    Mike Hunt Impact Sub

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    The League cup run, FA Cup run, Wisdom, Wells and McBurnie should have seen this club on sound foundations and it’s been p1ssed up the wall. McBurnie is our record transfer sale and for what? Hope feck1ing Akpan and Rahic’s dreams that’s what.

    I know how Rahic could get away with it, the business I’m a director of is run at arms length and they trust us. I also know I could blow the whistle to group pretty quickly if I heard of anything under hand, and they’d listen to me, and that’s what amazes me about City, what were the other directors and senior management doing during Edin’s reign? And why didn’t Rupp listen to them until a handful of people travelled to Germany to meet face to face with Stefan? How has the biggest cash income since the PL days left us worse off?
     
    #78 Mike Hunt, Mar 28, 2020
    How, bantam2708, Hoochy-Min and 4 others like this.
  3. wetherbywhaler

    wetherbywhaler Impact Sub

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    Three cheers for Edin.
     
    #3 wetherbywhaler, Mar 25, 2020
    QCFC BANTAM, Faithful Bantam, Gardscoigne and 2 others like this.
  4. Dennis

    Dennis Captain
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    My only thoughts at this stage is that once again the club has prepared the barest of bare accounts. And that is despite Ryan Sparks saying a few months ago that the next set of accounts, ie this set, would be full accounts and not this super-abbreviated version.

    One further comment is that it appears that somebody has provided a short term loan to the club probably to get us over a short term cash flow issue pending the arrival of the McBurnie money. And since there is no reference to any financial transactions bewteen the owner and the club in the accounts (which there has to be) and no reference to another secured loan at Companies House, I can only assume that it's the club's bank which has provided this in the short term. The bank is already registered as a secured creditor.
     
    #33 Dennis, Mar 26, 2020
    ConnecticutBantam, Jayteebee, Interested Bystander and 1 other person like this.
  5. How

    How Knows Football
    P.L.22/23 Entrant P.L. 18/19 Winner Euro 2020

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    Sure @Dennis@Dennis will correct me but I think that’s all we have to submit and that’s all we will see in terms of detail?
     
    #8 How, Mar 25, 2020
    Jay, Fordy117 and Storck like this.
  6. Storck

    Storck Regular Starter

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    it is for me too
     
    #9 Storck, Mar 25, 2020
    Jay, Fordy117 and How like this.
  7. Raikesend

    Raikesend Emergency Backup

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    Oh dear, that’s not a good read. Technically we’re insolvent. We’re dependant on Rupp continuing to finance the club and the bank supporting him. So if we’re going to renew our season ticket I hope we can use our credit card to protect our investment.
     
    #13 Raikesend, Mar 25, 2020
    Jay, Bronco and Fordy117 like this.
  8. Dennis

    Dennis Captain
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    I don't understand this concept of voiding the current season and regarding it as never having happened. The consequences of that would be enormous for all involved

    Does that mean the colossal amounts already paid by Sky and BT are to be paid back by the PL clubs? I doubt it without an enormous legal battle. Are the outstanding amounts due to the PL clubs not to be paid? There might be some reduction in the additional amounts for individual televised games but I doubt the 'basic' allocation being paid without legal address. What about the EFL payments already paid to clubs such as ours? Will they have to be repaid if the season is voided? Only if they want to drive just about every EFL club into liquidation. If it is voided, does it mean the EFL/PL will go back on what they've already announced about paying the remaining amounts earlier to EFL clubs? That would be an incredible volte face and would damage the reputation of the EFL and PL irreparably with the EFL clubs. And that's before there is any discussion on which clubs would be England's entants for the very lucrative CL or maybe we'll just tell UEFA that there are no PL clubs entering the next CL because our season has been voided!

    If the season is voided in the way some people are discussing it, it simply doesn't stack up.
     
    #26 Dennis, Mar 25, 2020
    Fordy117, NorthernMonkey and bantam2708 like this.
  9. Storck

    Storck Regular Starter

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    And that is why it will not happen.

    the outcome will be one of two things, firstly the season is finished(preferred option by FA, PL and EFL) or it is ended early and places allocated by either current positions or adding in average points per game so that everyone has ‘played’ same number of games.

    problem with the second one is teams that are relegated will probably go to court as well as those that just miss out on promotion especially those in play off positions
     
    #27 Storck, Mar 26, 2020
    Jayteebee, bantam2708 and Fordy117 like this.
  10. NorthernMonkey

    NorthernMonkey Squad Player
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    Should be a doddle. Try having 4 in the house that are all 11 to 15!
     
    #30 NorthernMonkey, Mar 26, 2020
    RCarol, Jayteebee and Onside like this.
  11. NorthernMonkey

    NorthernMonkey Squad Player
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    I can't wait until he's 15, you'll be begging for the time he was 18 months old and trying to run under your mower.
     
    #40 NorthernMonkey, Mar 26, 2020
    Bantamsteve, Bronco and Storck like this.
  12. Rogered Tart

    Rogered Tart Regular Starter
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    I've got a couple of twenties in my wallet, i'll pay it back for them till they get paid.
     
    #56 Rogered Tart, Mar 26, 2020
    NorthernMonkey, Stafford Bantam and Storck like this.
  13. wetherbywhaler

    wetherbywhaler Impact Sub

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    Think you'll find the money comes from Swanse.
     
    #61 wetherbywhaler, Mar 26, 2020
    Jay, Bronco and Interested Bystander like this.
  14. wetherbywhaler

    wetherbywhaler Impact Sub

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    See today's T&A. What I knew is now public. Stefan was injecting cash as soon as JR and Steve Cook the returning accountant rumbled Rahic which accounted for ER doing his runner in November 2018. You can make Directors loans or the money could come from the holding company ER Sports Group gmbh in whose accounts the money will show, not BCFC accounts.
     
    #69 wetherbywhaler, Mar 28, 2020
    Captain Grumpy, Jay and Bronco like this.
  15. Storck

    Storck Regular Starter

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    #10 Storck, Mar 25, 2020
    Jay and Interested Bystander like this.
  16. Interested Bystander

    Interested Bystander Important Player
    Qatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant Supporter Euro 2020

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    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #11 Interested Bystander, Mar 25, 2020
    Jay and How like this.
  17. NorthernMonkey

    NorthernMonkey Squad Player
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    I presume once they start another season in the PL the clause would be deemed as activated.
     
    #18 NorthernMonkey, Mar 25, 2020
    Bronco and Interested Bystander like this.
  18. Storck

    Storck Regular Starter

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    technically they haven’t started the current one if it is voided
     
    #20 Storck, Mar 25, 2020
    Jay and Fordy117 like this.
  19. Mike Hunt

    Mike Hunt Impact Sub

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    You’re insolvent if you can’t pay the money you owe.
     
    #24 Mike Hunt, Mar 25, 2020
    Rogered Tart and Interested Bystander like this.
  20. Storck

    Storck Regular Starter

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    on Day 6 of isolating with an 18mth old
     
    #29 Storck, Mar 26, 2020
    Bronco and NorthernMonkey like this.
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