|
|
16 Dec 2003
The State of the Game 2003, launched on Friday by Birkbeck's Football Governance Research Centre, said the majority of clubs lacked procedures necessary to manage the risks they face.
It produced a survey that showed 71% of clubs found it 'quite' or 'very' difficult to maintain the solvency of the company.
And it suggested that the financial woes of Leeds United have underlined the need for good corporate governance among football clubs.
Joe McLean, a partner in Grant Thornton's corporate recovery practice, said: 'The football industry, perhaps more than any other, needs to produce and adhere to a strict code of behaviour. As many clubs continue to live beyond their means, it is essential for the authorities to set some clear and unavoidable rules.'
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment