*OFFICIAL* Kitchener Rangers 2012-13 Season Thread
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07-10-2012, 02:13 PM
Join Date: Jul 2011
Originally Posted by
I'm quite confident one can. However, there are a few STH's who would be more than happy to find an anomoly in the financials. $200K would be a noticeable item, even if combined with another entry on the balance sheet. If memory serves correctly (an iffy proposition to be sure!
), the Rangers' total income last year was in the neighbourhood of $4.5 million. A $200K payoff equates to 5%. You'd have to be a very creative accountant to somehow hide 5% and not have it questioned.
Thanks for the reply! Again, I'm not trying to suggest this happened but just indicating that in my experience simply stating financial's are presented, doesn't mean it could not still happen.
Good luck in getting a retraction, shoddy journalism needs to be eradicated.
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