Quote Originally Posted by Jimmy Badfellow View Post
Football is an anomaly of an industry.Accounts therefore,should be viewed as such.How many other industries are there where the scale of losses are viewed as relative success? The central point to this is 'ego'! Trust me,I know. It is happening all over the country.It is the easiest way to gain media attention,TV interviews,Photos,you name it.RUFC has about 8000 customers,which is a pittance to what other Companies that no one has ever heard of have and that includes companies in Rotherham alone.
It has always amazed me that there have been no prosecutions for fraudulent trading (running up debts with no realistic prospects of discharging them) in respect of the management of football clubs. I can only assume that it is the highly uncertain and speculative nature of football that has prevented them.

I wouldn't become a creditor to a football club. Cash in advance would be the only basis upon which I would do business with one.