When TD came on RL a couple of Mondays ago, as a response to one of the questions I think he seemed to suggest (or may even had said) that he was no expert in footballing matters.
I thought thats OK because at the time of administration Jon Holmes and Greg Clark (I think) said they were getting this guy in because of his work credentials (Partner in an Accountancy Firm) and would be getting the basic finances in check and he has done to a large extent.
But then who on the board has the relevant football credentials? When I look down that list, most of the folk are there because of the financial support or otherwise at the time of administration circa £250k. We have no obvious person with lots of experience in managing a football club (or other entertainment related business) or someone who has been around in football long enough (ie. Martin George type person) to know (at a detailed level) what it takes to survive and develop. Infact Greg Clarke was on the original board when we went into administration. Die hard fans they all may be - but none are football experts.
Infact, the Board, in my opinion does not even have the right balance required as per much Corporate Governance guidance published in the last few years.
I don’t think there is a Finance Director, Commercial Director, Football Director, Operations Director, Legal Director, Communications Director, HR Director etc. with an equal share in influencing decision under the watchful eye of an effective Chair etc... In fact all of the day to day power resides with TD based on a mandate presented to him by the Chair, I would argue that the skills mix of the board is inadequate (for any business - let alone a football club) and the basic operation of all technical and non-football staff reporting to TD does not ensure adequate balance in decision making or otherwise. In other words what TD says goes!
Do not be confused by the setup of the audit committee and the participation of a member of the Foxes Trust, other then commenting on external auditors, reviewing and commenting (back to the main board) on the state of the financial control environment etc... that body is pretty much powerless to do alot else. Infact, as a non-listed business they don't even have to publish any comments or observations of the committee for us all to see.
Being close to the Club at the time of administration, I know how the board worked and conducted itself - unless things have changed dramatically we have something to worry about here. (For those in the know, to prove my credibility I know about the farce of the agenda of the first meeting of the New Fox board). They are not full time paid execs. they all run their own businesses / partners in LLP etc... LCFC is a sideline to these guys with the exception of TD. We have a majority of non - exec directors on the board, how can this be an effective way forward.
Apologies for spelling and grammar.
I thought thats OK because at the time of administration Jon Holmes and Greg Clark (I think) said they were getting this guy in because of his work credentials (Partner in an Accountancy Firm) and would be getting the basic finances in check and he has done to a large extent.
But then who on the board has the relevant football credentials? When I look down that list, most of the folk are there because of the financial support or otherwise at the time of administration circa £250k. We have no obvious person with lots of experience in managing a football club (or other entertainment related business) or someone who has been around in football long enough (ie. Martin George type person) to know (at a detailed level) what it takes to survive and develop. Infact Greg Clarke was on the original board when we went into administration. Die hard fans they all may be - but none are football experts.
Infact, the Board, in my opinion does not even have the right balance required as per much Corporate Governance guidance published in the last few years.
I don’t think there is a Finance Director, Commercial Director, Football Director, Operations Director, Legal Director, Communications Director, HR Director etc. with an equal share in influencing decision under the watchful eye of an effective Chair etc... In fact all of the day to day power resides with TD based on a mandate presented to him by the Chair, I would argue that the skills mix of the board is inadequate (for any business - let alone a football club) and the basic operation of all technical and non-football staff reporting to TD does not ensure adequate balance in decision making or otherwise. In other words what TD says goes!
Do not be confused by the setup of the audit committee and the participation of a member of the Foxes Trust, other then commenting on external auditors, reviewing and commenting (back to the main board) on the state of the financial control environment etc... that body is pretty much powerless to do alot else. Infact, as a non-listed business they don't even have to publish any comments or observations of the committee for us all to see.
Being close to the Club at the time of administration, I know how the board worked and conducted itself - unless things have changed dramatically we have something to worry about here. (For those in the know, to prove my credibility I know about the farce of the agenda of the first meeting of the New Fox board). They are not full time paid execs. they all run their own businesses / partners in LLP etc... LCFC is a sideline to these guys with the exception of TD. We have a majority of non - exec directors on the board, how can this be an effective way forward.
Apologies for spelling and grammar.
am Ayres
lionel fancy a quorn sausage :icon_razz
