Maybe Fishs is right about Jack. There can be no doubt that he has kept the TTFF afloat, in much the same way a pimp keeps his hoe's in the stable. All the time they owe,they can't go.
First rule of finance is don't borrow to get out of debt, but if you do, make sure the terms are in your interest.
I think an audit should be ordered. From the results of this, the following should happen:-
If, indeed, the TTFF owe money to Jack, either the govt or a wealthy businessman or company should pay Jack back with an interest free loan, perhaps as part of a Federation wide sponsorship deal.
Then an auditor should look at the salaries these guys are on. Wouldn't mind betting there's some fat cats getting an awful big bowl of cream. Get rid of the dead wood, hangers on and restructure the salary structure. This may mean that some guys have to sit out their contracts.
Install new administrators who actually put football first. This is not a club for the boys any more. It should be run professionally. There should be performance bonuses, not huge salaries. If you don't meet budget targets etc, you get no bonus and eventually the sack.
When you're in financial difficulty, you need to consolidate, cut back and plan your way out, not just keep borrowing more.
Footballis the peoples game. TTFF treat it like their private kingdom. There should be more oversight, more checks and balances and more public information.
Restructure the whole
