Owners - what do you want from them?

But at least it's something to build on.

 

I just want them them to give a f***
They’ve shown little interest in our free fall to division I and that’s backed up by their total disinterest in the January transfer window.
I want a proactive board a board that keeps their finger on the pulse of supporters ( those who really make this club) a club that puts supporters first a club that shows fight in adversity ( not the precious little shown so far) a board that is striving to move up and out of the championship (not falling downwards in a pathetic whimper) a club that accepts responsibility for its actions, particularly those which ar3 inadequate

 

I am not sure either, which is why I used the phrase "I believe". However, note 5 has a Provision for uncollectible balance of £756,599. This is around the sum that Hull owed, and I have put 2 and 2 together.

 

As RR has alluded to there's a hefty charge included in the 19/20 accounts. £756k is visible as a 'provision for uncollectible transfer fee' and there is reference to known damages being included as provisions (in the contingent liability note 23). It also says there will be legal costs to come in the following year's accounts but it looks like the bulk of the lost fee and damages are provided for in this last published set of accounts.

 

Could well be it. Much less than the final damages amount and legal fees (think it was approx £1.2m as a final amount with fees) so still a bit, plus obviously the bank reduction when it was paid.

 

There will be no bank reduction. Hull never paid the sum. It was owed to us and would have been shown on the Balance Sheet as a Debtor. The debt has simply been cancelled, having already been provided against in full.

 

How long is a piece of string.
I want a board and a club that gives a f****.
I want them to give a s…. about the supporters who put money into the club.
I want them to stand up and fight against adversity (and not just give up when the going gets tough and we can’t buy a win for love nor money)
I want them to be open, transparent and accountable ( the west stand and £750k payment to the Crynes debacles have been PR disasters)
I want them to stand firm on the promises they make (and not make the match day experience they promised to make better even worse)
I want them to acknowledge and respond in a much more proactive way when they fail in their duty (like not continuing to employ 2 useless managers one with 1win in 14 and his successor 0 wins in 7)

Am I asking too much

 

We have ours and their legal fees which obviously come out of the bank at some stage. And surely we have to reimburse the fees they’d already paid us?

 

Of course any deal is better than none, I’m just saying getting a deal with Jewson is not that hard given with how many they have been doing deals with.

 

See what you did there with your constructive comment.

 

As I remember, the disagreement was referred to a binding arbitration rather than through the courts. The full potential settlement would have been provided for in the accounts to 2020.

 

almost covers my ‘wants’

- Unite the club, fans, community. Needs engagement not just via fans groups but directly, better communication and empathy.

- get rid of the controversy we court - in court! Sort out ownership. Don’t bankrupt us but don’t starve us either.

- show some investment in the infrastructure. Deliver a game day experience that’s enjoyable and valued.

- rebalance the business priorities and on field priorities. Get a director of football.

 

Nothing, that way I will never be disappointed.

They own the club and they can choose how they run it. The only impact I can have is not to fund their enterprise.

 

Just skimmed the full judgement on the EFL website.

The full award was £958,746 which includes hullls legal costs (over £400k). There was also additional interest of just under £50k and numerous other amounts for the EFL and Football league and the arbitration panel.

Obviously BFCs legal costs aren’t included, but I’d suspect weren’t too dissimilar to Hulls.

The particulars outline that we’d received all of the £600k fee apart from the final instalment of £200k.

There will certainly be significant amounts leaving the BFC coffers post the award and though less obvious, some element that further hits the P&L

 

I would be grateful if you would post the web address of this page.

 

See ya in a month !!

https://www.efl.com/siteassets/imag...nal-award-barnsley-v-hull-tue-16-feb-2021.pdf

 

Thank-you for that. I must confess that I did not manage it all, but I did manage the important bit, that is the bit that detailed how much Barnsley owed Hull City in compensation. As a result, I reckon that there will be a charge to the 2021 Accounts of nearly £600k in addition to the £756k already provided. WOW. That is some compensation in lieu of a transfer fee of just £600k.

 

Frightening on two counts. That the compensation is essentially due to us accepting a contract given to us by Hull that we seemingly didn't scrutinise sufficiently. And secondly, the adjudicators didn't agree with the full claim from Hull, so we haven't had to pay out that full claim.

But the hit of £1.2/£1.3m to a business of our size is absolutely huge. probably about 10% of our revenue at Championship level and probably nearer 20% of our turnover at League 1 level. And ironically, it's not that far off the fee of our record transfer signing... yet it involved the sale of a player!

Wow indeed!