Administration and Insolvency for Clubs Explained
2 August 2012 by Adrian Houstoun, Kingston Smith
One of the consequences of the current economic climate is that rugby businesses, like so many others, have been forced to yield management to administrators. The national press has featured some high profile sports cases including Rangers Football Club, Portsmouth Football Club and now the latest - Bradford Bulls Rugby League club.
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To support the Finance Business Manager (FBM) in the production of month end accounts, quarterly reforecasts, annual budgets and 4 year plans, and ad-hoc analysis as required; to work closely with departmental managers and budget holders to develop their financial understanding and to assist them in monitoring actuals versus budgeted activity and to help them identify risks and opportunities within their budgets.
- To act as a finance partner to departmental managers in managing their budgets and to develop their financial understanding.
- To perform the month end management accounts process including posting of journals for accruals, deferrals and general ledger transactions.
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