echo 8m loss

http://www.walesonline.co.uk/news/wales ... 6887192/2/

how much of the £8 mil did Riddler take out for bonuses , salaries and perks I wonder ?

how much of the £8 mil did Riddler take out for bonuses , salaries and perks I wonder ?

expect terry phillips to run his ridsdale robust defence of the way he was running the club in tomorrows echo.
i hope this puts to bed once and for all the fact that there were actually people who believed the myth that he was running the club in a proper manner.

how much of the £8 mil did Riddler take out for bonuses , salaries and perks I wonder ?

expect terry phillips to run his ridsdale robust defence of the way he was running the club in tomorrows echo.
i hope this puts to bed once and for all the fact that there were actually people who believed the myth that he was running the club in a proper manner.

£8 mil loss in 1 year is shocking and that was just for 2008 / 2009 cant see 2009 / 2010 being that much better tbh ? ?

how much of the £8 mil did Riddler take out for bonuses , salaries and perks I wonder ?

expect terry phillips to run his ridsdale robust defence of the way he was running the club in tomorrows echo.
i hope this puts to bed once and for all the fact that there were actually people who believed the myth that he was running the club in a proper manner.

£8 mil loss in 1 year is shocking and that was just for 2008 / 2009 cant see 2009 / 2010 being that much better tbh ? ?

2009/10 should be a lot better , if only because turnover will have gone up from the £10m shown in the 2009 accounts to about £16m The increased income is not just from bigger gates at the new stadium , but also the extra income from the playoff games and also from League prize money which went up £1.8m from the 2009 figure of £1.2m.

So if all other costs remained about the same , we would make a reduced loss of about £2m. But did we make as much as a £6m profit on selling players last season , as we did in 2009?

How was he left to do it then, surely other directors were aware of the situation, Whilst I hat PR I can also see that he's been used as the fall GUY and to say he got us in this mess would be a mistake, he was just one of them that got us in this mess.

expect terry phillips to run his ridsdale robust defence of the way he was running the club in tomorrows echo.
i hope this puts to bed once and for all the fact that there were actually people who believed the myth that he was running the club in a proper manner.

We know what Ridsdale's defence will be he will again claim there was an overspend on fitting out the stadium and it will be portrayed as though it was someone elses fault, even though he was in charge of the finances and previously told us the stadium was built on a fixed price basis.

Also he must have been aware that we had lost so much money by the summer of 2009 when he then went out and spent £3m on Chopra and £1m on Hudson.

OK the fees were spread over a period but they had to be paid eventually and having lost £8m in the previous season surly even he could see we couldn't afford those players?

How was he left to do it then, surely other directors were aware of the situation, Whilst I hat PR I can also see that he's been used as the fall GUY and to say he got us in this mess would be a mistake, he was just one of them that got us in this mess.

as i have stated previous ridsdale brought in flitcroft and harris and had whitley on side as well.
bearing in mind that paul guy was the majority shareholderbut not on the board that gave ridsdale a 4-1 majority over steve borley in the boardroom.
its is alleged that our ex chairman then made desicions based purely on the fact that he did not need to have a board meeting to ratify any desicions because he had his majority anyway.

the alternative board when sam was in charge was to sit down an vote on an issue of getting rid of a manager.
4 members of the five man board vote to sack the manager and the then chairman tells them f**k you its my club im not sacking him.
where's the difference
all allegedly of course but coming to a book near you soon

I'm sorry, but the board, including Borley need to be held to account for this. They can't claim ignorance....other wise, why were they on the board in the first place if they had nothing to do with the day to day running or the finances.

Not making excuses for P Riddy, but why did the board leave him get away with it. The whole board should be sacked. Let's hope TG sees this and puts his own people on the board.

I'm sorry, but the board, including Borley need to be held to account for this. They can't claim ignorance....other wise, why were they on the board in the first place if they had nothing to do with the day to day running or the finances.

Not making excuses for P Riddy, but why did the board leave him get away with it. The whole board should be sacked. Let's hope TG sees this and puts his own people on the board.

ridsdale and flitcroft were employed and being paid to run the club on a day to day basis with handsome wages to match.
steve borley had his own business to look after as well as looking after the stadium project.
it was borley that tg reopened negotiations with about investing in the club and he is still dealing with tg on a daily basis whilst the likes of ridsdale and flitcroft have been removed which tells me who the malaysians thought were culpable and who they could trust.

I'm sorry, but the board, including Borley need to be held to account for this. They can't claim ignorance....other wise, why were they on the board in the first place if they had nothing to do with the day to day running or the finances.

Not making excuses for P Riddy, but why did the board leave him get away with it. The whole board should be sacked. Let's hope TG sees this and puts his own people on the board.

ridsdale and flitcroft were employed and being paid to run the club on a day to day basis with handsome wages to match.
steve borley had his own business to look after as well as looking after the stadium project.
it was borley that tg reopened negotiations with about investing in the club and he is still dealing with tg on a daily basis whilst the likes of ridsdale and flitcroft have been removed which tells me who the malaysians thought were culpable and who they could trust.

So Borley knew that a man with a dodgy past was running our club and didn't think to have a look at the books or keep an eye on Ridsdale every now and again?

["PhatFrog"]="steve davies"][PhatFrog"]I'm sorry, but the board, including Borley need to be held to account for this. They can't claim ignorance....other wise, why were they on the board in the first place if they had nothing to do with the day to day running or the finances.

Not making excuses for P Riddy, but why did the board leave him get away with it. The whole board should be sacked. Let's hope TG sees this and puts his own people on the board.


ridsdale and flitcroft were employed and being paid to run the club on a day to day basis with handsome wages to match.
steve borley had his own business to look after as well as looking after the stadium project.
it was borley that tg reopened negotiations with about investing in the club and he is still dealing with tg on a daily basis whilst the likes of ridsdale and flitcroft have been removed which tells me who the malaysians thought were culpable and who they could trust


So Borley knew that a man with a dodgy past was running our club and didn't think to have a look at the books or keep an eye on Ridsdale every now and again?[/quote]


borley owned 7% of the shares and ridsdale 10% so where were the other 83% of shareholders then
if your happy to point the finger at a 7% unpaid shareholder to keep an eye on the person the previous chairman that so many people seem to want back brought into the club in the first place then so be it.
with regards to looking at the books every now and then would he have been looking at the same set of fake figures that the chairman tried to palm off on the malaysians in the first round of due diligence.
dont ever under estimate how clever the ex chairman was with his creative accounting because he fooled most of us ordinary mortals into parting with our early season ticket money with me being the biggest culprit because i knew cast iron that we were under an embargo when i bought it

I wasn't just pointing the finger at Borely. I used him as an example after you mentioned him.

I wasn't just pointing the finger at Borely. I used him as an example after you mentioned him.

just debating with you hannah
if i could get a few more involved we could all be mass debating

I wasn't just pointing the finger at Borely. I used him as an example after you mentioned him.

just debating with you hannah
if i could get a few more involved we could all be mass debating

Well I am a master debater. I am also a master baker

borley owned 7% of the shares and ridsdale 10% so where were the other 83% of shareholders then
if your happy to point the finger at a 7% unpaid shareholder to keep an eye on the person the previous chairman that so many people seem to want back brought into the club in the first place then so be it.
with regards to looking at the books every now and then would he have been looking at the same set of fake figures that the chairman tried to palm off on the malaysians in the first round of due diligence.
dont ever under estimate how clever the ex chairman was with his creative accounting because he fooled most of us ordinary mortals into parting with our early season ticket money with me being the biggest culprit because i knew cast iron that we were under an embargo when i bought it

Steve I think the point is Borley was a director and sat on the Board of Directors and therefore would have been in a much more influencial position than the other 83% of shareholders.

That said I fully take on your point that even if SB had began to question things he wouldn't have got very far as the ex-Chairman wouldn't have flinched at producing false accounts.