Righting down the value of assets is absolutely something that a Finance Director should be involved in. Likewise, any financial breaches and financial regulatory issues are something that falls at the feet of a finance director.
What you are missing is that transfers especially during a transfer window are extremely fluid. A club will be offered multiple players and will look to offload multiple players during any window. There is no way a Finance Director could be, would be or should be involved in all of those transfer negotiations.
His role is to retrospectively implement accounting principles to any deals. It was Ingoe who highlighted the 3rd party issue to the Premier League. The biggest thing though is that West Ham signed Tevez and Mascherano in 2006. The Premier League didn't bring in 3rd Party ownership rules until 2007.
Yep. They are. Every one. Even an average Championship player would cost more than any business premises a large company would ever buy. No different than a player. Up front cash outflows, ongoing P+L implications through writedowns/depreciation/amortisation, tax implications, insurance implications (adding a £40m player would increase squad insurance). If an FD or CFO didn’t want to be involved in that they would be jettisoned immediately and spend the next 12 months on garden leave.
Aside from our magical “buy now pay later” contracts, most would involve a couple of million up front. Pretty sure a Finance Director “may” be involved in the days running up to that, moving funds, drawing down on revolver loan facilities, and then finally authorising the disbursement. You reckon Bill had a bag of cash in the bit of his car?
Not saying they are scouting players and have a veto on players they don’t fancy. Clearly not. But to suggest a board member specifically in charge of finance, will all the legal fiduciary duties that come with that, is not intrinsically involved in a multi million pound cash transaction that also locks in future years P+L charges (and potential profits) is just madness.
Part of that would be full sight of the contract. 100%
I personally have no interest in the West Ham bloke. Fair play to him if he grassed. Not overly bothered if he is on the commission, maybe he has the required experience. But the barrage of expertise being thrown around here has to be tempered when is bollox.