Originally Posted by
Bobby Dandruff
What I find utterly amazing in this and the recent Palace / Pulis fiasco is that clubs are seemingly able to spend millions of pounds with so few checks and balances in place.
In every company that I have ever worked for, and with, big right through to small, spending money is tightly controlled regardless of the amount (er, isn't that what the FD is ultimately responsible for?), and in fact, the larger the sum (millions here!) the greater the level of scrutiny.
How can any organisation i.e. a football club in this case, authorise a payment of millions of pounds WITHOUT multiple sign offs, and therefore more than one 'officer of the company' approving the transaction? Pulis asked for £2m (2 weeks early!) and got the money the next day! I wouldn't trust Malky and the other bloke, and very few people in fact, to be spending millions of pounds on anything, without some strict governance in place.
I wonder if a successful business man like Tan runs all of his multi-million dollar empire like this?