Accounts Submission Date Extension

[JfR]

https://www.theguardian.com/football/football-league-blog/2021/aug/17/rooney-says-he-wont-make-excuses-but-Derby-are-in-an-impossible-mess
"The day did also represent a significant deadline: after being fined £100,000 for some of their accounting policies, specifically annual amortisation costs – how the club measure the value of players – Derby were ordered to resubmit their accounts for 2015-16, 2016-17, and 2017-18 by 18 August. That particular pressure was taken off the club on Tuesday afternoon, however, after the EFL granted them a six-day extension."

[JfR]

The Derby Telegraph have a statement from the EFL here:
https://www.derbytelegraph.co.uk/sport/football/transfer-news/Derby-county-transfers-hull-jagielka-5795655

Not a great deal of information in it, but it's probably a positive thing that the EFL have stated that they've made the decision "following constructive discussions between the club and the EFL."

[r_wilcockson]

Well spotted. Why would we need an extension though and why 6 days? 

[Steve Buckley’s Dog]

Why do we need an extension? These should have been prepared and ready to go long ago so we could get on with our season. 

One can only presume that we have agreed some sort of ‘deal’ with the EFL and are re-doing them on that basis but why has it taken so long? 
 

One can only be thankful that the club will no doubt be communicating the reason for this deferral, and the impact it may well have on signing any proper footballers before it is too late, in their usual timely and informative manner. 
 

 

[Jimbo Ram]

8 minutes ago, JfR said:

https://www.theguardian.com/football/football-league-blog/2021/aug/17/rooney-says-he-wont-make-excuses-but-Derby-are-in-an-impossible-mess
"The day did also represent a significant deadline: after being fined £100,000 for some of their accounting policies, specifically annual amortisation costs – how the club measure the value of players – Derby were ordered to resubmit their accounts for 2015-16, 2016-17, and 2017-18 by 18 August. That particular pressure was taken off the club on Tuesday afternoon, however, after the EFL granted them a six-day extension."

We need to get the accounts in don’t we ?

[Ambitious]

Live footage of our accountant going through the numbers: 

[EraniosSocks]

Saga carries on 

 

[B4ev6is]

I am guess that maybe mel been paying some of debts of to people we owe money too or something final maybe take over final going to happen maybe that's why they have agreed on extension of our accounts.

[TF Ram]

6 days is the new 48hrs

Edited August 17, 2021 by big bad ram
Typo

[RadioactiveWaste]

My hunch is a face saving deal has been reached but that requires new audit sign off after changes, hence the extension and much less combative statement from the EFL.

That, or, the EFL didn't want my Hull City match day thread being hijacked by accounts news.

[DCFC1388]

I feel like this news is a positive thing, we've been in discussions for weeks, seems like we're close to agreeing the accounts but tomorrow is too soon.

If we were struggling with p&s or werent close to agreeing the accounts I dont feel like the EFL would extend the deadline

[Ramos]

It carries on frustratingly but as it’s an agreed extension between both parties, it does sound like a positive. Let’s just hope we fall the right side of the line and we can add two or three more by the end of august. 

[Kinder]

Probably constructive news, but I wish we’d just get on with it.  Let’s know for sure what we’re facing - points deductions, embargoes, none of the above - and just deal with it.

[Ramarena]

Looks like an agreement has been reached and a six day extension to get the accounts in order and resubmit.

Fingers crossed this is a good thing!

[hintonsboots]

Steve Gibson is on holiday for another 6 days.

[B4ev6is]

Year let's point fingers at boro accounts I bet there massively in the red also.

[ThePrisoner]

[Carl Sagan]

What a palaver! It's normally us saying "there'll be no further comment" while previous EFL pronouncements have been extremely unprofessional. Who knows what this means? Clutching at straws I'd like to think the tight-lipped EFL response grudgingly accepts the accounts will be within limits so long as the auditors sign them off or something like that. 

(yet) another week before we might be closer to signing more players. This is kicking it ever closer until after the window closes. 

[Pearl Ram]

23 minutes ago, RadioactiveWaste said:

My hunch is a face saving deal has been reached but that requires new audit sign off after changes, hence the extension and much less combative statement from the EFL.

That, or, the EFL didn't want my Hull City match day thread being hijacked by accounts news.

Flippin’ EFL...didn’t mention the Humber Bridge once. ? 

[kevinhectoring]

34 minutes ago, Steve Buckley’s Dog said:

One can only presume that we have agreed some sort of ‘deal’ with the EFL and are re-doing them on that basis but why has it taken so long? 

 

 

Surely: One can only presume they have NOT agreed any sort of deal. But that both parties want to avoid a dispute.

Otherwise an extension would not be required and would not have been agreed 

very bad for Rooney in terms of building a squad