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News from trusts
Strange goings on at Chester City
A rather strange and unexpected thing happened today; strange because of the way it happened, and unexpected because it even happened at all.
Keen Chester City watchers will know that the Club nearly didn't compete in
the Conference National this season (though 'compete' only if that means
actually being on the pitch at the same time as another 11 players; their 25
point deficit is only down to 14, leading to the inevitable departure today of
manager Mick Wadsworth - revealed as a ‘report from BBC Merseyside'; and this
is supposed to be the official website?).
The whole mess they now find themselves in followed Stephen Vaughan's failed
attempt to get the Club out of administration, which led to weeks of
uncertainty and indecision, finally resulting in The FA allowing the Conference
to break its own rules (apparently under intense Football League pressure), to
permit the Club a place in the competition.
All that aside, I found a story today on the web entitled 'Blues
reveal profit and loss accounts'. I took a trip over to the Club's official
website, usually populated by cyber tumbleweed and the same glimpse of last
season's League Two table, to find these
accounts posted online, with the accompanying story 'As recently
discussed with and promised to Tom Jones chairman of the supporters
trust, as an initiative to keep the fans up to date with the clubs
financial affairs, please view the disclosure of the 09/10 Profit and Loss
account for Chester City Football Club 2004 Ltd.'
I bet I'm not the only one who thinks that doesn't read like a story about the
release of some very important financial information. But I suppose we
shouldn't complain; it's a pretty forward thinking move for a Club with the
history of Chester
City in the finances
department to publish their profit and loss account for the year...
And what a profit and loss account! I won't provide a lengthy commentary to the
spreadsheet, but it makes alarming reading, showing as it does a projected loss
of an eye-watering £660,000. But then quite how a column of 'general overheads'
can show a figure of nearly £136,000 I don't know. That must be some stationery
bill they've got.
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