Get involved! Send photos, video, news & views. Text WILTS GAZETTE to 80360 or email us
Shah gets Town's house in order
SWINDON Town’s accounts had not been the subject of a fully independent audit for the best part of 15 years prior to this week, according to Robins director Sangita Shah.
In an exclusive interview with the Advertiser, Shah revealed her amazement at the length of time between the club’s previous stringent financial examination and the review currently being undertaken by accountancy firm Hacker Young.
The former president of the Chartered Institute of Journalists, who joined the Town board in July, asked for an audit to be conducted as one of the prerequisites to her becoming a part of the club.
Now that process is under way, Shah is hopeful fans will be able to see the results by the end of the month.
“We are having an audit being conducted of the finances, which fans can look at and they’ll be able to see real progress in terms of the sustainable model that we discussed,” she said.
“There is no obligation for clubs to conduct a full audit but that is one of the things I really wanted to do. This audit will go until the end of the financial year, so to May 2013, and from then on we will start publishing them on a regular basis so fans can see that things off the field are being conducted in an orderly fashion but also in a sustainable way as well.
“Apparently there has not been an audit done for 10 to 15 years, which I found amazing.
“If this was a small business you would do that as first call. I think you have an obligation to your stakeholders and here the fans are shareholders. They need to have some confidence in things off the field which will enable them enjoy the entertainment on the field.
“Fingers crossed it will be available at the end of September. I’ll be writing a commentary on it as well so people can have a look at finances, and I’m sure there are very financially conversant fans out there, but I’ll make sure they can see where the threshhold was and use it as a benchmark going forwards.
“One of the prerequisites of me joining, and I applaud Jed for this, was to have a full audit of the accounts.”
Since joining the club on July 9, Shah has been involved in negotiations with potential new sponsors and in an advisory capacity on ongoing legal issues, and she is enjoying every minute.
“I’ve found it very challenging but intrinsically rewarding. It’s been fantastic to see the huge mandate of effort that Jed and the rest of the board have put in starting to come to fruition,” she said.
“I’m proud, I have converted to a Swindon Town supporter and off the field I am really pleased where we have translated the rhetoric into reality and the results will come through.
“I think it’s accelerated. When I first started it was a little daunting but definitely manageable but I look at where we are now and we’ve definitely accelerated.
“We’ve gone from the point of concept and getting people involved to the point where we are implementing and I am really thrilled.”
Comments are closed on this article.