Eatonram Posted August 15, 2021 Share Posted August 15, 2021 The day our accounts are due. My hope is that we do not just get silence from the club and efl. That there is some acknowledgement that they are submitted and being assessed and will be a verdict before the end of the window. I want ideally to hear the club say that in there opinion the accounts are compliant with ffp. Dean (hick) Saunders, LeedsCityRam, Derby4Me and 2 others 5 Link to comment Share on other sites More sharing options...
DCFC1388 Posted August 15, 2021 Share Posted August 15, 2021 Im hoping the accounts are submitted, embargos get removed & we sign a few players who are already lined up before any future potential embargos/punishments get implemented when the accounts have been checked Link to comment Share on other sites More sharing options...
Mucker1884 Posted August 15, 2021 Share Posted August 15, 2021 I will be amazed if we hear anything "official"... from the club and/or EFL, before midnight ending 18th August. Twitter might be different though! ? Link to comment Share on other sites More sharing options...
r_wilcockson Posted August 15, 2021 Share Posted August 15, 2021 Once we've submitted the accounts, do we immediately go into soft embargo, or do we have to wait for some form of EFL review and approval first? I'm hoping the latter is already happening and the cause for the delay in any case. Link to comment Share on other sites More sharing options...
Dean (hick) Saunders Posted August 15, 2021 Share Posted August 15, 2021 (edited) Hoping = As OP says. Expectation = Stinking pile of ?. Edited August 15, 2021 by Dean (hick) Saunders NottsRam77 and Rams forever 1 1 Link to comment Share on other sites More sharing options...
kash_a_ram_a_ding_dong Posted August 15, 2021 Share Posted August 15, 2021 (edited) Unless the "sticking point" has been resolved I think we are in trouble and the club's lack of communication leads me to suspect it hasn't been. I presume we would still submit our revised accounts however as to not so will well and truly leave us in an impossible place. Edited August 15, 2021 by kash_a_ram_a_ding_dong Link to comment Share on other sites More sharing options...
DCFC1388 Posted August 15, 2021 Share Posted August 15, 2021 4 minutes ago, r_wilcockson said: Once we've submitted the accounts, do we immediately go into soft embargo, or do we have to wait for some form of EFL review and approval first? I'm hoping the latter is already happening and the cause for the delay in any case. Well surely the below embargos get removed straight away? Regulation 16.2 - Failure to provide audited annual accounts Regulation 16.3 - Annual Accounts not filed with Companies House Profit and Sustainability Rules - non-submission of audited accounts The only one left is probably the below but if the accounts get agreed before we submission surely we can pay that bill too? Regulation 17 - Default in payments to HMRC The concern is if they put another type of embargo on us whilst the accounts get checked. Hopefully if an embargo is in place its one where we can sign players as the u21s dont count to the squad limit. r_wilcockson 1 Link to comment Share on other sites More sharing options...
kevinhectoring Posted August 15, 2021 Share Posted August 15, 2021 15 minutes ago, r_wilcockson said: Once we've submitted the accounts, do we immediately go into soft embargo, or do we have to wait for some form of EFL review and approval first? I'm hoping the latter is already happening and the cause for the delay in any case. I think if we submit the accounts and pay HMRC we are out of embargo. The problem comes if EFL challenges the accounts. If they do, they have to initiate disciplinary proceedings against us and it’s back into the interminable DCs and appeal tribunals. Which as we know is an endless nightmare. That’s the game of poker underlying the negotiations w EFL about the accounts Link to comment Share on other sites More sharing options...
Sparkle Posted August 15, 2021 Share Posted August 15, 2021 33 minutes ago, Eatonram said: The day our accounts are due. My hope is that we do not just get silence from the club and efl. That there is some acknowledgement that they are submitted and being assessed and will be a verdict before the end of the window. I want ideally to hear the club say that in there opinion the accounts are compliant with ffp. Can we have three points as well ? Link to comment Share on other sites More sharing options...
RoyMac5 Posted August 15, 2021 Share Posted August 15, 2021 Soft embargo. Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted August 16, 2021 Share Posted August 16, 2021 My main hope is for a large haddock and chips as our local chippy, Chunky, reopens on the 18th following a month closed for "maintenance" ? Link to comment Share on other sites More sharing options...
Steve Buckley’s Dog Posted August 16, 2021 Share Posted August 16, 2021 11 hours ago, DCFC1388 said: Well surely the below embargos get removed straight away? Regulation 16.2 - Failure to provide audited annual accounts Regulation 16.3 - Annual Accounts not filed with Companies House Profit and Sustainability Rules - non-submission of audited accounts The only one left is probably the below but if the accounts get agreed before we submission surely we can pay that bill too? Regulation 17 - Default in payments to HMRC The concern is if they put another type of embargo on us whilst the accounts get checked. Hopefully if an embargo is in place its one where we can sign players as the u21s dont count to the squad limit. They will put another type of embargo on us - super special secret embargo. RadioactiveWaste, DCFC1388 and SamUltraRam 2 1 Link to comment Share on other sites More sharing options...
irobinson Posted August 16, 2021 Share Posted August 16, 2021 11 hours ago, RoyMac5 said: Soft embargo. Had one for years.... Link to comment Share on other sites More sharing options...
Gaspode Posted August 16, 2021 Share Posted August 16, 2021 I don't expect to hear anything on the 18th - the EFL will wait until the transfer window has closed before making any announcements.... Link to comment Share on other sites More sharing options...
Gaspode Posted August 16, 2021 Share Posted August 16, 2021 8 minutes ago, irobinson said: Had one for years.... You can get tablets for that issue nowadays... Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted August 16, 2021 Share Posted August 16, 2021 If the EFL are disagreeing on a certain aspect, which is likely to be a very key aspect, I bet there will be an extension to the deadline. If it's true the EFL are trying to avoid legal action it would make sense for an extension to try and reach a resolution, also an extension further delays our takeover and any transfer dealing so it's a small win for the EFL. Link to comment Share on other sites More sharing options...
Eddie Posted August 16, 2021 Share Posted August 16, 2021 My only realistic hope is that we avoid a high court winding-up order. Been there, done that, bought the Maxwell shirt. Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted August 16, 2021 Share Posted August 16, 2021 The most likely is radio silence or something along the lines of "we have complied with the DC ruling and make no further comment" from the club and "we acknowledge the receipt of the required accounts and revised P&S statements from DCFC. We will review the documents and take any actions deemed necessary" from the EFL. My expectation is a 3-6 point deduction. Link to comment Share on other sites More sharing options...
Abu Derby Posted August 16, 2021 Share Posted August 16, 2021 Surely we aren’t waiting until the final hour to file the accounts. Is the accountant using a slide rule and logarithmic tables? Once the new amortisation method was defined, then it should be as simple as 1, 2, 3 to apply for anyone with a few brain cells. Link to comment Share on other sites More sharing options...
RoyMac5 Posted August 16, 2021 Share Posted August 16, 2021 58 minutes ago, MackworthRamIsGod said: If the EFL are disagreeing on a certain aspect, which is likely to be a very key aspect, I bet there will be an extension to the deadline. If it's true the EFL are trying to avoid legal action it would make sense for an extension to try and reach a resolution, also an extension further delays our takeover and any transfer dealing so it's a small win for the EFL. Unlikely, they'll say we've had long enough. I'm more concerned about what happens if we don't submit them on time? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account.
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now