To whom do we entrust the running of BFC?

Discussion in 'Bulletin Board' started by churtonred, Jun 30, 2017.

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  1. churtonred

    churtonred Well-Known Member

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    People with a sound knowledge of football and business like Hecky and Patrick?

    or some of the drama queens in the fanbase?

    I'll stick with the former, thanks. Unlike Michael Gove I prefer to pay attention to the experts.
    And, yes, there are risks. How can there not be? We're Barnsley not Barcelona. Some people need to get a grip though. To hear them talk you'd think we were run by imbeciles with a deathwish.
     
    churtonred, Jun 30, 2017
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  2. springvale red

    springvale red Well-Known Member

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    Hemsworth Tyke
     
    springvale red, Jun 30, 2017
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  3. man

    mansfield_red Well-Known Member

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    NEWSBOT: Club YouTube - Kern Miller's favourite cheeses, episode 372
     
    mansfield_red, Jun 30, 2017
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  4. Con

    Conan Troutman Well-Known Member

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    Patrick Cryne who runs a business so well that it loses £1m - in a successful season.
     
    Conan Troutman, Jun 30, 2017
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  5. Jimmy viz

    Jimmy viz Well-Known Member

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    Unhelpful and decisive really. Not everything is black and white more shades of grey. Trying to make us all either happy clappers or persistent whingers is completely Stupid and counter productive.
     
    Jimmy viz, Jun 30, 2017
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  6. Young Nudger

    Young Nudger Well-Known Member

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    Nooooo !!!
    I'm his biggest critic basically because he needs to find Barnsley another owner.
    BUT - I'll always support him - as I believe that he believes he's doing the right thing
     
    Young Nudger, Jun 30, 2017
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  7. Con

    Conan Troutman Well-Known Member

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    Lost a million Nudge. In a successful season. Interpret that how you wish.
     
    Conan Troutman, Jun 30, 2017
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  8. Gre

    GreenyTyke Well-Known Member

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    Oh great Conan, most excellent manager of money and most knowledgeable of all humans please tell us how you would run the club so that we would make millions every year
     
    GreenyTyke, Jun 30, 2017
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  9. Don

    Donks Well-Known Member

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    I've seen car boot sales run more professionally than our club.


    Sent from my iPhone using Tapatalk
     
    Donks, Jun 30, 2017
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  10. Met

    Metatarsal Well-Known Member

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    Need to look at the trend though, not just a snapshot of one season, though no disputing the loss. And I'm no accountant so this is very much open to interpretation.

    Accounts to May 2014 (relegation season) showed a pre-tax loss of £2 million against turnover of just under £9.4 million. Accounts to end of May 2015 showed a PT loss of £3 million against turnover of £4.8 million, and even included a £3 million reduction in the wage bill.

    I haven't seen the full accounts to May 2016, but probably safe to assume turnover similar to end of May 2015, so to achieve a loss of £1 million, the club have got to have got a good grip on costs, so presumably wages reduced further.

    I see the relegation season as a step change in the management of the club, and there's clearly plenty of work still to do, but I would argue that there is evidence that the club is being sensibly run, is definitely moving towards living within its means even if not quite there, and the "loss in a successful season" has been ofset by both the higher turnover of being and surviving in the Championship v low wage bill and obviously the transfer income. Presumably we will have a significant cash reserve now, although I'm sure the accountants out there will be offer a more accurate picture of how our recent financial windfalls are accounted for, possibly over the longer term.



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    Metatarsal, Jun 30, 2017
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  11. andytyke

    andytyke Administrator Staff Member Admin

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    So very predictable
     
    andytyke, Jul 1, 2017
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  12. Donny Red

    Donny Red Well-Known Member

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    I would suspect there's some "artistic" accountancy involved here CT. As I commented on a separate thread
    when you sit down with your Accountant at the end of the financial year he/she will ask you what you want your bottom line
    to show.! If you want to show a loss they will achieve that by writing down your assets using depreciation and other
    financial "tools" at their disposal.
    Show a profit and you only get taxed so it might be best to show a negative result.
     
    Donny Red, Jul 1, 2017
    #12
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  13. Artisan-baker-red

    Artisan-baker-red Well-Known Member

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    Yeah you often see the club stting up trestle tables on the pitch when we sign players.
    Come on pal.... I rarely disagree with folks on here.
    But to say that we are run worse than car boot sales? Really?
    We are an average sized club, trying to compete with huge cities and foreign owners to deliver a pleasurable football experience to our loyal support base.
    I for one think the club is in good, safe and experienced hands.
    This is our club, our reds, our Barnsley.
    COYR
     
    Artisan-baker-red, Jul 1, 2017
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  14. Spuggy

    Spuggy Well-Known Member

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    Grinds my gears when people criticise PC. He's a dying man that saved our club. Without him we wouldn't have a club to support. Of course there is always room for improvement in any business but I believe that the club is being run in the right way. Folk seem to forget dropping change into collection buckets outside the ground to try and keep the club afloat.
     
    Spuggy, Jul 1, 2017
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  15. Red

    Red Rain Well-Known Member

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    Absolute nonsense.
     
    Red Rain, Jul 1, 2017
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  16. Donny Red

    Donny Red Well-Known Member

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    It's what I experienced RED. I used to take our books in and the first question was "what do you want
    to reflect here a slight profit or a loss.?" If you know anything to the contrary I would be pleased to hear your
    views but I have always believed that was the reason that businesses and folk with real money employed them.!
     
    Donny Red, Jul 1, 2017
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  17. Red

    Red Rain Well-Known Member

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    The accountancy profession is not the grubby self seeking world that you suggest in your post. It is governed by strict rules and regulations, accounting standards and professional ethics. In order to qualify as a member one of the professional bodies which together run and ensure that professional standards are maintained, you must have a university education and you still have to go through 3 years of training and examinations. To suggest that it operates to the same standards as might be encountered if you visited a witch doctor is to misunderstand and totally misrepresent the profession. What you did in your original post is you suggested inside knowledge or something that in fact you have absolutely no knowledge of and in doing so you undermined the work of those who work in that profession. I am sure that GibsonBooth, the auditor of the accounts of Barnsley Football Club would be appalled to discover their work and reputation being undermined in such a casual manner.
     
    Red Rain, Jul 1, 2017
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  18. Jimmy viz

    Jimmy viz Well-Known Member

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    My misses runs a small business her accountant was pretty much aghast that we didn't want to look at any methods of minimising tax and just wanted to declare everything and pay everything we earned. My experience is close to DR than RR I'm afraid.


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    Jimmy viz, Jul 1, 2017
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  19. Red

    Red Rain Well-Known Member

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    Are you suggesting that BFC is a small business, or that GibsonBooth do not operate within the rules and regulations that govern the accountancy profession?
     
    Last edited: Jul 1, 2017
    Red Rain, Jul 1, 2017
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  20. Jimmy viz

    Jimmy viz Well-Known Member

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    I am suggesting that they will be better at what they do than smaller accountants.


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    Jimmy viz, Jul 1, 2017
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