BMC Posts – Another £167,000 Loss (28 Oct 03)
Monday, June 2nd, 2008
According to the April, 2002 edition of Climber magazine, the British Mountaineering Council has posted another annual loss. In 2000, the BMC recorded a loss of £62,000 and in 2001 the organisation that purports to represents all – hill walkers, climbers and mountaineers had a deficit of £167,000. The BMC also admitted that the Festival of (Light) Climbing, held at Birmingham’s National Indoor Arena in December, 2001, had also lost £49,000 (where do you loose – £49,000 somebody had it?). Adept at ‘loosing’ other people’s money, the BMC also paid out £10,000 in legal fees (when it received an unexpected legal bill) when it sought advice in its attempt to ruin – Rockfax. The BMC were threatening to sue Rockfax over supposed copyright infringement the BMC, who over the years could not have cared less about infringing other peoples copyright. Given, the BMC`s own operating losses during the four year period 1999-2002 of 370,000 pounds sterling, which coupled with a potential write-off of the 150,000 pound BMC loan to MHT/MEL and other expences absorbed into the BMC´s P&L accounts, plus the possible exposure of 400,000 pounds of bank loans – this escalates to a potential loss and financial exposure of more than – 900,000 pounds sterling. The BMC, at the top of its – profession (Donald Trelford 2000).?? Er, I think not.
Category : BMC
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