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Most liked posts in thread: Why the secrecy?

  1. Dennis

    Dennis Captain
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    I saw the original piece by Kieran Maguire and he is wrong.

    The reason why the debt has not been disclosed in the 2016/17 accounts is twofold.

    Firstly, the club only produces what are known as 'Abbreviated Accounts' and can do that because the club's size allows it. And in publishing Abbreviated Accounts, the club doesn't have to comment on the level of debt, the duration of the debt and who owns that debt. This isn't new. It has been the practice at our club since 2004 and the Rhodes' and ML&JR have all taken advantage of it during their ownership. Most other clubs in League 1 don't take advantage of this particular part of the Companies Act but City do. Personally, I don't like the practice and find it extremely annoying that our club does this and that a company with more than 15,000 paying customers doesn't provide better information about the financial well-being of the club. I had hoped that the EFL would at some point put a stop to the practice but as yet the EFL has done nothing. I had previously raised this as an issue on C&B but the general response from other posters was lukewarm if not 'meh'!

    Secondly, even if they had produced full accounts rather than abbreviated accounts, there wouldn't have been any debt to disclose! And the abbreviated accounts do show that if Maguire had looked more carefully.

    Maguire also said in his original article that the club hadn't disclosed any information on player purchases. That is equally untrue. In the Fixed Asset part of abbreviated accounts, a figure of £511k is shown as 'Investments' which despite its description is explained as being player purchases.

    Why Maguire didn't get his facts correct is a little surprising but I am becoming very cynical about the plethora of negative reporting from journalists with little personal connection to our club. As you know, I am no fan of the Rahic approach and imo it is doomed to fail. But twisting the facts to meet somebody else's agenda does nobody any good.
     
  2. teddie7

    teddie7 Emergency Backup

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    Is this turning into the official anti-Bradford City and anti-Rahic Forum ?

    Everyday there seems to be 2 or 3 threads having a dig at something or another, it's non stop.

    Enjoy anyway :thumbup:
     
  3. marshy77

    marshy77 Emergency Backup

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    You mean it's extremely boring/tedious??
     
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  4. marshy77

    marshy77 Emergency Backup

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    and certain sections of fans.
     
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  5. marshy77

    marshy77 Emergency Backup

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    Because it's not really about how many season tickets we've sold but just another dig at the owners.
     
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  6. Parader

    Parader Impact Sub

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    I think this should be extended to how many pies are sold at each match. In fact, why not a live blog updating when each is sold?

    FULL TRANSPARENCY NOW!
     
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  7. Tolly856

    Tolly856 Squad Player

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    I'm not after an exact figure. If the club sold 15,143 season tickets but told us they'd sold just over 15k after the main deadline then that will do. How many did they sell inbetween their last update and the cheap ticket expiry date? A few hundred? A couple of thousand? You could probably work it out by looking at the match day figures and doing a bit of maths but you wouldn't have a clue if you went solely on what the club had told you. That consitutes as a lack of transparency.

    On a slightly separate but related note, this might be of interest:

    https://mobile.twitter.com/KieranMaguire/status/1041254763873140736

    It's information regarding debts of league 1 clubs and we were the only club in this division not to provide such infrimation. We failed to give information on something which every other league 1 club was willing to provide. It's not so much that I'm desperate to know our current financial status but it's very telling when you put it into context. It doesn't exactly help Rahic/Rupp when you consider they've talked about honestly and bette comunication with the fans.
     
  8. How

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

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    Give it a rest.
     
  9. Jason McEvan

    Jason McEvan Fringe Player

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    Also, what's so interesting about the picture?
     
  10. Tolly856

    Tolly856 Squad Player

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    If you need ask the club for such information, then they aren't being transparent enough. That's his point.
     
  11. Two Legs

    Two Legs Impact Sub
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    As a rule people have to earn trust and respect. Lessons learned and a no sense apology are never going to be enough for those of us who have doubts. It’s just basic rules of life. It’s not just trust in one area, it’s trust in anything. I don’t trust Rahic. I really hope he has learnt lessons and does put things right but until I see actions, not words, I worry for our club under his tenure.
     
  12. RowZ

    RowZ Emergency Backup

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    This brings back terrible memories of GCSE Maths... If John goes for a pie 5 minutes before half time, what is the probability he will miss the first goal of the second half?
     
  13. brisbanebantams

    brisbanebantams Impact Sub

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    i really feel for those that wake in a morning and their first thought is, “how can i dig out the club and the owners today?”
     
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  14. marshy77

    marshy77 Emergency Backup

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    Totally get that Rod. Think the supporters club(s) need to get involved more to try seek out more communication which would help break down some barriers. I doubt Rahic knows about certain queries/issues supporters have, I don't see tickets being an issue at all but obviously to some it is. If this is pointed out then they can do something about.
     
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  15. Tolly856

    Tolly856 Squad Player

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    I don't remember any previous seasons where we've not been told the final season ticket total, so it's a perfectly valid question. Don't see the problem myself?
     
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  16. Craven Cottager

    Craven Cottager Squad Player

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    There seems to be quite a few Rahicists around, lately.
     
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  17. Tolly856

    Tolly856 Squad Player

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    I'm not too sure about giving an exact number, but we usually had a pretty good idea. The Bradford City Twitter account for example used to provide us with regular updates and keep us in the know on the amount of season tickets sold. That article was written a whole month before prices took a spike and we've not heard a murmur since. How many did we sell since their last update? 500? 1,000? 2000? It's anyone's guess.
     
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  18. Get Rid Of It

    Get Rid Of It Squad Player
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    @Bigrod@Bigrod ; If you go on the bbc sport website and check our fixture against charlton, the figure reported is 15,709,

    now i very much doubt charlton brought 700 fans so the approx figure should be over 15,000 but plenty of them are suffering buyers remorse(me me me) .
     
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  19. marshy77

    marshy77 Emergency Backup

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    Extremely. But to keep banging on about the same thing all the time is.
     
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  20. Bigrod

    Bigrod Captain
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    I have in my career, seen so many people who have ‘apologised’, said ‘sorry’, but then gone onto behave in exactly the same manner as before.

    This is just a little something, which the club could do. Why is it so difficult? Small steps to repair the relationship, need some tangible evidence to demonstrate that there is a constructive change occurring.
     
    Onside and vladimir like this.
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