Wayne.Kerr
Vital Champions League
No accounts for the holding company filed
...or their solicitors
Also Scally now owes the club £90k!
Really!!??
I’ll hold my hand up and admit I know little about what constitutes sound business practice but this doesn’t sound like something that should be happening?
£311k, a nice £103k pay rise for the Chief!
Taking the piss if true..
You’re suggesting that it’s too low?
Compared with other similar sized businesses, it doesn’t seem outrageous.
.
risking his capital
What capital of his own is Scally risking?
You’re suggesting that it’s too low?
Compared with other similar sized businesses, it doesn’t seem outrageous.
And, when you consider that the highest paid player might be on £4k a week (£200k per year), it doesn’t seem crazy for the owner to be rewarded like this for risking his capital and putting up with a torrent of abuse from fans.
The corporate veil applies here. GFC owes the Company, Three Directors, £1.8m not Scally nor anyone else. It's the rules.What the notes to those accounts show is the football club owes Mr Scally rather a lot of money.
He is one of the Three Directors mentioned in the notes.
The club owes Three Directors Ltd £1,800,000.
Assuming (and it is only an assumption) that the £1.8m is split evenly between the three then the club owes Mr Scally in excess of half a million quid.
I wonder why that note was not highlighted?
The quid he bought the club for.
Or you could compare his pay to that of other League 1 directors. The last survey that did put him 2nd behind the Sunderland Chairman.You’re suggesting that it’s too low?
Compared with other similar sized businesses, it doesn’t seem outrageous.
And, when you consider that the highest paid player might be on £4k a week (£200k per year), it doesn’t seem crazy for the owner to be rewarded like this for risking his capital and putting up with a torrent of abuse from fans.