http://www.ccfc.co.uk/page/NewsDetail/0,,10269~2791172,00.html? Well get on with it then!
'Over the next few weeks'...............Is it correct that no accounts by June 2nd means 10 point deduction?..........If it does and we cop for it, that will be another nail in the coffin for ticket sales?!
I fear its just more bullshit from another wheeled out bullshitter, if this so called due dilligence is to take a minimum of 60 days, it will take us up to the brink of the season, by then what squad will we have left??
Its basically more SISU blackmail !!
I think the keys is 'when the embargo is lifted', that could be December for all we know, useless
Blind faith makes fans gullible.
However, Sisu ran out of credit a long, long time ago.
This statement is risible.
They really are deluded if they think people will swallow such obvious crap.
it has all become an amateur pantomime, full of double meaning, poor performers, missed lines, dubious direction, and on the cheap ...... so being ready to act is spot on! :facepalm:
people are swallowing it
3500 sold so far, up on last year !
To be fair to him the interview is fairly interesting, something that are not on the site are that players who were signed before the end of September last season do not fall under the 65% bracket (I think this includes Bell and Mcpake) He was fairly honest and i recommend if you have Player you give it a listen, hes only saying what he thinks should happen not what's going to happen!
3500 sod so far, up on last year !
16.16 By 31st March in each Season, each Championship Club shall submit to the Executive in respect of itself (or if the Championship Club considers it appropriate or the Executive so requests in respect of the Group of which it is a member) future financial information ('Future Financial Information') comprising projected profit and loss accounts, cash flow, balance sheets and relevant explanatory notes commencing from its accounting reference date or, if it has submitted interim accounts pursuant to Regulation 16.11, from the date to which those interim accounts were prepared and expiring on the next accounting reference date after the end of the following Season. The projected profit and loss accounts, cash flow and balance sheets shall be prepared at a maximum of six-monthly intervals.
16.17 The Future Financial Information shall:
16.17.1 be prepared in accordance with the accounting principles adopted in the preparation of the Championship Club's annual accounts (except where the accounting principles and policies are to be changed in the subsequent annual accounts, in which case the new accounting principles and policies should be followed);
16.17.2 be approved in writing by the board of directors of the company to which they relate;
16.17.3 include in the explanatory notes thereto principal assumptions and risks; and
16.17.4 include for comparison profit and loss accounts for the period covered by the Annual Accounts and interim accounts submitted pursuant to Regulation 16.2 and 16.11, a forecast for the current financial year and a balance sheet as at the date of the interim accounts submitted pursuant to Regulation 16.11.
I'm probably wrong but I thought the dispute/negotiations over the rent was the reason the accounts couldn't be filed, haven't we withheld 2 months rent?Their claim that the accounts cannot be filed until the budget is agreed for next year is absolute rubbish..........
The budget and last years accounts (well almost 2 years ago now) are not linked.
The only possible reason for delay is that the auditor has noted that the Directors (that's you SISU) are running the club whilst it is insolvent, which is illegal (probably why we have had so many Directors resigning). The only way they could get around this is if they could offer a forecast for next year showing that there is a likelihood of turning the club around financially, hence the sudden rush to buy the Ricoh and develop around it.
SISU have been incurring fines on a monthly basis both from Companies House for late accounts and probably from the Football League. No doubt these debts incurred through their incompetence will be added to the amount they claim to have loaned the club!!!!!!!!!!!!!!!
people are swallowing it
3500 sold so far, up on last year !
<br />Please dont tell me you believe these figures as if you do i cannot take you seriously.
Their claim that the accounts cannot be filed until the budget is agreed for next year is absolute rubbish..........
The budget and last years accounts (well almost 2 years ago now) are not linked.
The only possible reason for delay is that the auditor has noted that the Directors (that's you SISU) are running the club whilst it is insolvent, which is illegal (probably why we have had so many Directors resigning). The only way they could get around this is if they could offer a forecast for next year showing that there is a likelihood of turning the club around financially, hence the sudden rush to buy the Ricoh and develop around it.
SISU have been incurring fines on a monthly basis both from Companies House for late accounts and probably from the Football League. No doubt these debts incurred through their incompetence will be added to the amount they claim to have loaned the club!!!!!!!!!!!!!!!
Not strictly true.
What I said was the accounts are not dependant on the budget, unless they are trading insolvently.
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