Problems With the Finances?
Nov 12th, 2009 | By KevB8ll | Category: Blues News, Kev's RamblingsNow that I have your attention, the answer is I don’t know – but don’t click away yet, because I want to run some thoughts past you.
Thanks for staying!
Ok, so there are a number of reports knocking about, that the previous board MAY have left more debt than was declared within the takeover process. The new board have bought in an expert to go through the accounts and find out what is happening. They haven’t shouted from the rooftops – just made a brief statement saying they are looking into it.
Meanwhile, Mr Sullivan has talked to one of the local news outlets and rubbished the claims. He has even suggested that this may be a ploy by the new board to get out of spending the money they promised in January and the Summer. Well he should know, he became an expert backing off from promises to spend money. Don’t get me wrong – if you search the blog, you will find that I was very thankful, on the whole, of the previous boards efforts, commitments and finances. However, there were definitely times when we were promised players or finances for players and it didn’t happen.
So why should Mr S be doing this? After all he expressed his love for the club right up to the point he left? Something to hide? Getting his retaliation in first? A dig indirectly at the fans?
To be honest I don’t know – however one thing IS certain, I like the way the new board are conducting themselves. There is no melodramatic rhetoric, just we are looking into this. Well done – that’s how it should be. If things are found that are not right – I’m sure we will hear more about it then. If things are not found – no problem. But they aren’t shouting about it in the press. If you get another football team Mr S, maybe you could learn from this.
Just to finish, I am getting more and more convinced that the new board want to do things properly and I don’t feel anywhere near as apprehensive about things as I did earlier in the year when it appeared Mr Yeung was going to re-bid.
Keep up the good work guys.
Kev











What you say about the new board reflects a new ‘feel good’ atmosphere that seems to have taken hold. Whether it is the result of recent results and performances on the field I’m not sure, but the Yeung Ones do seem generally to be conducting themselves well. Having said that I do think it might have been better if there had been no mention of their concerns about outstanding debts until their financial expert has completed his investigations. As it is, we (like David Sullivan) are bound to wonder whether there might be an ulterior motive for making the situation public knowledge.
That’s a fair point Peter. It may have been wiser to stay quiet.
I think at the moment I’m more inclined to give them the benefit of the doubt though. They have only been there a short while, but already they appear to want the club to be run in a certain way – a way that resonates with me if I’m honest.
Kev
the old board robbed us blind what happened to all the prem money parachute money . we spent nothing in the last 5 years mr s should no about the January transfer window as instead of buying he used to sell. and there was more in the sale of the club he was not bothered who he sell the club to as long as he was getting his money
I think Sully is upset because Carson knows how to wear a coat, wave and smile at the same time.