wattsville_boy wrote:

Tim Thraves, Stadium Announcer
I'm guessing that idiot on iFollow will be paid too
They'll be some people that answer the phones and man the ticket office
Does the figure include the stewards, the Ambulance crew, the bar staff, those that man the food outlets...or serve the hoi poloi that pay for the Corporate boxes

You can get that figure of 107 down quite quickly without much thought..

Tim and co, both as the stadium announcer and the i-follow commentary team are not paid.

The Wolf wrote:I would like to see the accounts up to January 2020.

Accounts are always published well after each accounting year, but COVID has delayed things further. Not long till 19-20 accounts which will be a big deal. Will give an indication of how much we had in the bank pre-COVID, and how close to the edge we came with lost ticket income etc

The June 2019 accounts are now available on the companies house website.

There is a positive section on us and how our finances were transformed from the FA Cup wins against Leicester and Middlesbrough and The match against Manchester City - on today’s ( 17th December) excellent “The Price of Football” podcast.

32 minutes in.

Stan A. Einstein wrote: December 4th, 2020, 11:46 am The club employed 107 PAID members of staff. ( My emphasis.)

Still it's your money, if you have no interest in why the club needs an assistant statistical analysist then far be it from me the comment on your lack of curiosity.

Well as far back as 2020 I was saying it's your money if you want to be so stupid as not to want to know how it's being spent that is not my concern.

Whether action fraud act or not is a matter for them, I have heard nothing. I guess if like Whoareya I'd been so stupid as to give my money to people who treated me like an idiot there would be the temptation to deflect.

Newport County was worth millions a few months ago, if you believed Foxall, Ward, Madigan, Crook et al, and now you've given it away for nothing.

So let's get one thing straight. I was right all along. If you want to put your trust in idiots like Whoareya, that's up to you.

I don't think there was or is any possibility of Action Fraud taking this matter on, even if they took a cursory glance at it . As I think that I pointed out at the time, it would have to be shown there was some form of 'trickery' which was dishonest and would lead to a financial advantage, usually for an individual or group of individuals. So, three things would have to be proved:' trickery', dishonesty and financial advantage. My understanding is that at worst this was 'overblowing' financial information. Some might think of that as 'trickery'. It might have been done for dishonest reasons but Nick Igoe, who I understand looked at in some depth' did not consider it as such. Finally, it is clear that no one could have or did obtain a financial advantage by it. As Nick categorically stated , while the figures may have been 'overblown', there was no money missing from the bank.

Anyone, of course, can have a suspicion of a fraud and does not have to know the 'legal ingredients' for a criminally actionable fraud. So, to that extent, they can raise a concern with Action Fraud and it would be for them to ultimately decide.

I make no comments about the veracity of the accounts or any potential wrongdoing as I don’t know the details. I have worked at a couple of league clubs so know how the small army of volunteers and paid staff can mount up, even for a small club like ours.

Until recently we had paid coaches in both the development centre and academy at every junior age group. That’s around 40 coaches alone, before specialist roles like heads of centre/academy, physios, GK coaches are added in.

What I would say about the financial management of the club, a personal view, is that we’ve struggled to fill important backroom roles with experienced and competent people. The club secretary role is I feel the most important of any and we had a few young people covering it if I recall correctly. The club sec should know the ins & outs of the rules as well as financial situation. Maybe no one in that role was confident or knowledgable enough to flag issues with the board? I also feel, as many do, that the board empowered MF far too much and trusted him to bring success whatever the cost. This I feel has backfired when one looks at the costly squad additions during his tenure, a few of which clearly did come good but many didn’t.

Stan A. Einstein wrote: October 17th, 2023, 10:51 am

Stan A. Einstein wrote: December 4th, 2020, 11:46 am The club employed 107 PAID members of staff. ( My emphasis.)

Still it's your money, if you have no interest in why the club needs an assistant statistical analysist then far be it from me the comment on your lack of curiosity.

Well as far back as 2020 I was saying it's your money if you want to be so stupid as not to want to know how it's being spent that is not my concern.

Whether action fraud act or not is a matter for them, I have heard nothing. I guess if like Whoareya I'd been so stupid as to give my money to people who treated me like an idiot there would be the temptation to deflect.

Newport County was worth millions a few months ago, if you believed Foxall, Ward, Madigan, Crook et al, and now you've given it away for nothing.

So let's get one thing straight. I was right all along. If you want to put your trust in idiots like Whoareya, that's up to you.

Oh dear Einstein, dragging up three year old threads to prove what - the club didn't need an assistant statistical analyst?

But the thing is, whilst you have a dig at me, you are also having a dig at everyone else who chose to contribute - but how you link that to anyone putting their trust in me is very odd even for your narcissistic tendencies.

Your rants are only relevant to a miniscule amount of posters on here; the vast majority of supporters have moved on with the positivity that normal people have, not your negative world of mistrust, conflict and dispute.

You are shaking your fist at an empty room.

It's over. Move on.

DeePeeNCAFC wrote: October 17th, 2023, 11:55 am I make no comments about the veracity of the accounts or any potential wrongdoing as I don’t know the details. I have worked at a couple of league clubs so know how the small army of volunteers and paid staff can mount up, even for a small club like ours.

Until recently we had paid coaches in both the development centre and academy at every junior age group. That’s around 40 coaches alone, before specialist roles like heads of centre/academy, physios, GK coaches are added in.

What I would say about the financial management of the club, a personal view, is that we’ve struggled to fill important backroom roles with experienced and competent people. The club secretary role is I feel the most important of any and we had a few young people covering it if I recall correctly. The club sec should know the ins & outs of the rules as well as financial situation. Maybe no one in that role was confident or knowledgable enough to flag issues with the board? I also feel, as many do, that the board empowered MF far too much and trusted him to bring success whatever the cost. This I feel has backfired when one looks at the costly squad additions during his tenure, a few of which clearly did come good but many didn’t.

My view is that the responsibility for the direction, management and operation of the AFC will largely be determined by HJ and the sins of the past will be drawn a line under. I think that now what is important is the effective direction, management and operation of the Trust and particularly in the way that it supports and acts as an "important partner" to the AFC and vice vera.

Chris Davis wrote: October 17th, 2023, 11:25 am I don't think there was or is any possibility of Action Fraud taking this matter on, even if they took a cursory glance at it . As I think that I pointed out at the time, it would have to be shown there was some form of 'trickery' which was dishonest and would lead to a financial advantage, usually for an individual or group of individuals. So, three things would have to be proved:' trickery', dishonesty and financial advantage. My understanding is that at worst this was 'overblowing' financial information. Some might think of that as 'trickery'. It might have been done for dishonest reasons but Nick Igoe, who I understand looked at in some depth' did not consider it as such. Finally, it is clear that no one could have or did obtain a financial advantage by it. As Nick categorically stated , while the figures may have been 'overblown', there was no money missing from the bank.

Anyone, of course, can have a suspicion of a fraud and does not have to know the 'legal ingredients' for a criminally actionable fraud. So, to that extent, they can raise a concern with Action Fraud and it would be for them to ultimately decide.

Anyone that lives in the UK and has been financially affected by any proven fraud.............

Lads,

You were told that Newport County were making a profit year in year out. And you were told that up until January 2023.

In March the chairman and finance director resigned.

In May you were told we had financial difficulties.

In June it was oops £1.2 million has gone awol.

In September you lot, having paid in well over a million pounds, voted to give the club to a Swansea businessman for nothing. And you are now being encouraged to carry on handing over your hard earned.

If you're determined to listen to the likes of Whoareya and Bangit, then don't let me stop you.

Stan A. Einstein wrote: October 17th, 2023, 12:52 pm Lads,

You were told that Newport County were making a profit year in year out. And you were told that up until January 2023.

In March the chairman and finance director resigned.

In May you were told we had financial difficulties.

In June it was oops £1.2 million has gone awol.

In September you lot, having paid in well over a million pounds, voted to give the club to a Swansea businessman for nothing. And you are now being encouraged to carry on handing over your hard earned.

If you're determined to listen to the likes of Whoareya and Bangit, then don't let me stop you.

You keep saying 'far be it for me to comment' and 'don't let me stop you' but you keep doing just that.

ITS OVER. MOVE ON.

Stan A. Einstein wrote: October 17th, 2023, 12:52 pm Lads,

You were told that Newport County were making a profit year in year out. And you were told that up until January 2023.

In March the chairman and finance director resigned.

In May you were told we had financial difficulties.

In June it was oops £1.2 million has gone awol.

In September you lot, having paid in well over a million pounds, voted to give the club to a Swansea businessman for nothing. And you are now being encouraged to carry on handing over your hard earned.

If you're determined to listen to the likes of Whoareya and Bangit, then don't let me stop you.

If I could put in another view on some of the above things above because I think that we ought to get a more balanced view. I hope that I can supply that.

The Chairman resigned because of ill health reasons. From what I understand this is genuine and should be accepted as such. If you are referring to Kevin Ward's resignation - was he the Finance Director? In any event, he resigned because he gained an appointment as Chairman of Newport Live, which he considered a conflict of interest. From what I understand this is genuine and should be accepted as such. So, are you alleging therefore that both Mr Foxall and Mr Ward resigned not for the stated reasons but for some other reason that you might wish to name?

The explanation for the so called 'missing' £1.2 million has been clearly made and consistantly so. For a reason unknown to the external forensic accountant who looked into it, figures were overstated, with no evidence of any culpable behaviour and very importantly, no money missing from the bank So, to have a set of figures saying that you had £1.2 million but in reality you only had £650k does not mean £550k in real money has disappeared beause you never had £1.2 million in real money in the first place.

Over the years of the Trust, the Trust members as majority owners financially supported the Club through voluntary payments. Now it could be argued that those contributions could have been ill used as all the income from all sources could have been ill used. Now that 'ill use' could well be attributed to poor direction and management but that can happen in any business. If you are making the point that better direction and management could have resulted in a different and better financial position then, with hindsight, I don't think that many would now argue with you. But for me the important point is that even with better management, over the period, the County still has a normally forseeable annual structural deficit of around £350 - £400k.

So, faced with that annual deficit the Trust decided to transfer enough of it's shares to give HJ a controlling shareholding. But they did not give it to him. He is investing immediate money into the Club and also investing much more non-financial inputs. Further, he is investing not into some going concern but into a business with insufficient liquidity, with no assets and with uncertain future growth potential, I would hardly call that a gift. I would call that a considerable risk and a risk that it largely being taken away from the Trust.

And so far as ongoing Trust member contributions are concerned, HJ made it clear that such contributions are not critical to his financial plans for the AFC. Clearly , he would like a contribution to a currentlly loss making business because, as in any such shareholder owned business he expects the shareholders, to dig into their pockets to help stem the losses.

whoareya wrote: October 17th, 2023, 12:57 pm

Stan A. Einstein wrote: October 17th, 2023, 12:52 pm Lads,

You were told that Newport County were making a profit year in year out. And you were told that up until January 2023.

In March the chairman and finance director resigned.

In May you were told we had financial difficulties.

In June it was oops £1.2 million has gone awol.

In September you lot, having paid in well over a million pounds, voted to give the club to a Swansea businessman for nothing. And you are now being encouraged to carry on handing over your hard earned.

If you're determined to listen to the likes of Whoareya and Bangit, then don't let me stop you.

You keep saying 'far be it for me to comment' and 'don't let me stop you' but you keep doing just that.

ITS OVER. MOVE ON.

That's good. You were the one who brought it up. I get that having it pointed out that you have been foolish hurts. So don't start what you're not prepared to finish.

£10 doesn't sound a lot does it. £120 a year? For the last nine years? You were encouraged to hand over how much? Because it was your club? Now it's been given away.

Anyway I'm off for a bit of Mediterranean sun. Now you go and tell all those good people who have forked out a £1,000 and entrusted it to Foxall & Co that they too could have soaked up some winter sun, if only they had listened to me.

As for Chris Davies's point, I'm sure Dr Crippen was a bit down in the dumps the night before he was strung up. Sorry being ill now is no excuse for the gross mishandling of your money.

Have a good holiday... One way journey?










or return?......