Cash Turnstile in Dens Park

[islaydarkblue]

They don't have board meetings, that would suggest a democratic process of some kind where the person at the top can be reigned in, or even removed, if they start to look like they're going a bit off track. Don't think of the running of Dundee FC as similar to the way any other club is run, it's a dictatorship where one man calls the shots and if anyone dares to criticise they're gone.

Lack of a quorum doesn't stop a meeting taking place, any member of a board can be excluded from any meeting just by not being invited. If the rules require that a quorum is present it would typically be to to rubber stamp major financial / capital decisions. You can guarantee that in the case of Dundee FC any such decision would have been taken in advance and sufficient agreement made that the two D4L members, should they vote against, would be outvoted.

The DFC Ltd board of directors meeting held on 28th May 2021 signed off the Dundee Football Club Limited annual accounts for the year ending 31st May 2020 as being correct despite the accounts containing 4 mistakes thanks to their Company Secretary failing to notify Companies House of a ‘debt for equity’ transaction totalling £808,500 taking place on 8th February 2020.

[islaydarkblue]

The DFC Ltd board of directors meeting held on 28th May 2021 signed off the Dundee Football Club Limited annual accounts for the year ending 31st May 2020 as being correct despite the accounts containing 4 mistakes thanks to their Company Secretary failing to notify Companies House of a ‘debt for equity’ transaction totalling £808,500 taking place on 8th February 2020.

I have made a slight mistake in the above post.
It should read £607,500.
Sorry for the error.

[Deeranged]

I have made a slight mistake in the above post.
It should read £607,500.
Sorry for the error.

Do you see how easy it is to make mistakes?

At a board meeting the board is likely to assume the company accountant has done their sums correctly and to sign off the accounts as such. Mistakes happen, you seem to make more than most which could have something to do with your spitting hatred of Greg Fenton and John Nelms skewing your judgement.

[islaydarkblue]

After the accounts were published on the Companies House website I contacted the auditor of the accounts who admitted that he had a made a mistake.
The following year’s accounts published a statement which advised that the previous year’s annual accounts had been restated. This means in accountancy terms that there had been errors in the previous year’s annual accounts.
I also asked the auditor why the Dundee Football Club Limited annual accounts published on the Companies House website are very basic and tell us very little while the Dundee United Football Company Limited publish their full annual accounts which are very extensive and informative.
The auditor replied that it was the Dundee Football Club Limited Directors decision to publish basic ‘Filited’ annual accounts on the Companies House website.

[islaydarkblue]

Do you see how easy it is to make mistakes?

At a board meeting the board is likely to assume the company accountant has done their sums correctly and to sign off the accounts as such. Mistakes happen, you seem to make more than most which could have something to do with your spitting hatred of Greg Fenton and John Nelms skewing your judgement.

I never forget people who have crossed me

[Deeranged]

I never forget people who have crossed me

That's pretty sad really, not surprising but sad.

It just makes you a bitter old man.