I have left this subject alone for the last week, hoping that somebody (maybe a journalist, or the sharp eyed amogst us on the forum) would question the so called financial statement issued by TTFF/Allsport.
I may be completely wrong, but there are certain inconsistancies with the balance sheet.
http://ttffonline.com/home/latest-news/mens-senior-team/275-financial-statement.htmlI'm seeing a long list of expenses.....but aside from $978,097.20 in gate receipts, I see no income. At the recent national team games I saw around 40 perimeter advertising boards. Were these provided free of charge by All Sport? I saw T shirts on sale in HC stadium. Did they sell none? I understand the stadium was provided free of charge, so maybe the concessions fees went to the stadium, fair enough, but we still should have been told.
Now I see a management fee of $206,375. Is this All Sports fee?
And heres the next problem. Lets say Tallman & Flex appoint a promotion company to promote this site. The promotion company oversees a huge decline in the popularity of the site. The promotions company reports a loss of $5,611,933, and sells advertising space, but declares no income. Would Tallman & Flex seriously even consider carrying on with the relationship?
Not being funny, but TTFF were doing a great job on their own of destroying supporter confidence and devaluing the T&T football brand, and I'm sure they were equally capable of losing over $5 million.
Now, I'm not being entirely fair here because much of the expenses were legitimate and have to be incurred to host international games.
My questions concern the following:
security $186,849 For such small crowds? Was this contract tendered?
salaries (players, coaches etc) $2,579,920.94 did this include Pfisters salary?
Printing of tickets $74,985.74 Why print tickets? The matches were never going to sell out.
Team & Staff clothing $24,574.35. We couldn't get a kit sponsor?
Advertising Promotions and Video Production $329,400.03 Money well spent? What was the point?
Legal Fees $11,500.00 What for?
Management fees $206,375.00 paid to whom, for what?
Bank charges $29,897.05 How the hell can you incur nearly $30k in charges in 3 months?
If you're a struggling business, you bring in consultants to save unneccesary expenses. You look at where you can save and where you can boost income. If KFC were struggling they would launch special offers such as reducing the price of a meal for a limited period. What did All Sport do? Sell tickets at 10 times the cost of a ProLeague match. Against India, during a period of apathy with supporters.
That game should have been a special offer. $30 uncovered, $50 covered. If they had attracted 10-15,000 the next game would have been busy also, and maybe they could charge $50 uncovered and $100 covered. Big crowds mean more shirt sales, higher advertising charges. Simple.
And, as mentioned, what happened to the income from advertising? Surely they must have achieved at least $10,000 per advertiser?
Questions need to be asked about the performance of AllSport. They have lost $millions of taxpayers money. Everything may be above board, but we have the right to ask questions so that we can accurately determine the effectiveness of AllSports involvement.