Published Accounts are subject to the rules of whichever Stock Market the company is in.
SUFC is now a private company and has to log it's accounts at Companies House. When we were a public company not so long ago the accounts had to be more detailed to satisfy that market's rules.
So, these rules apply to every registered company in the UK.
Therefore, far from there being "smokes and mirrors" the club accountants fulfill their role and prepare appropriate accounts.
Additional information is provided by the Board at the club AGM both as a prepared statement and in answer to questions from the floor and these questions are often aggressive and searching. When I have attended one suspicious shareholder has been really well prepared to grill McCabe but there really nothing for KM to hide and he easily responds with calm assurance.
Some fans can't be bothered to read this thread even, never mind do research on published accounts and yet still choose to argue with FANS who do take the trouble to do the research, they also choose to disbelieve the owners and their representatives, so they really are lost causes.
Over the years they are told the same consistent messages and figures. They consistently see lies and subtifuge.
Somebody advise us of any other football club which provides more communication and information from their owners than our club because that would be relevant. Bear in mind with regard to transfer fees there is often an agreement between clubs not to disclose the amount involved. Both the buyers and the sellers have their own reasons for exact figures not being in the public domain and regard it as their business, maybe taking pressure off the player, the managers and away from the open market re subsequent dealings. Look at monthly transfers and see how many fees are 'undisclosed', the majority in fact, not just United.
As a Forum member who has tried hard to provide information about the club in an effort to defend the integrity of KM, I must say that it becomes tedious in the extreme when certain posters seem to have a vested interest in causing doubts and unrest, despite the facts of the matters which they never contest with anything material, just rhetoric and innuendo.
On this thread Bohemian and Sean Thornton have provided so much information with so much patience and yet, no matter what they say, they are disbelieved and accused of some ulterior motives.
Trouble is, like me, the patient fans eventually tire of putting in the effort to explain the financials. Thereafter the unbased rhetoric and innuendo can go unchallenged and maybe some younger, newer forum members might even believe it might be true.
