Embargo.

[Topram]

Even if we put them in tomorrow surely we won’t hear anything straight away?

[Boycie]

Come on, if anyone thinks we’re going to submit the accounts tomorrow after having an extension are deluded.

In my opinion the accounts are in, it’s the wrangling that’s taking the time.

[Ted McMinn Football Genius]

12 minutes ago, Boycie said:

Come on, if anyone thinks we’re going to submit the accounts tomorrow after having an extension are deluded.

In my opinion the accounts are in, it’s the wrangling that’s taking the time.

Exactly @Boycie it’s just the negotiating the finer points is underway I agree. 

[kash_a_ram_a_ding_dong]

5 minutes ago, Ted McMinn Football Genius said:

Exactly @Boycie it’s just the negotiating the finer points is underway I agree. 

The reality is that none of us know if we have submitted the accounts or not and what the sticking points are whether we have or haven't.

We seem to be just making stuff up on here at the minute.

Let's just wait and see what comes out and what the facts are.

 

[Gritstone Ram]

When we hand them in do we hand over a bundle of papers tied up in red tape or does someone press send on an email? 
 

 

[AbuDerbyDave]

1 minute ago, Gritstone Ram said:

When we hand them in do we hand over a bundle of papers tied up in red tape or does someone press send on an email? 
 

 

Probably by carrier pigeon 

[GenBr]

1 minute ago, Gritstone Ram said:

When we hand them in do we hand over a bundle of papers tied up in red tape or does someone press send on an email? 
 

 

Its like this, but the kid is Steve Gibson

 

[Comrade 86]

52 minutes ago, kash_a_ram_a_ding_dong said:

Let's just wait and see what comes out and what the facts are.

You must be new around here... ?

[RadioactiveWaste]

I'm expecting the EFL to be putting out a statement at approximatly 22.55 tomorrow.

What will be in the statement?

Well.....isn't it exciting.

 

[hintonsboots]

31 minutes ago, Gritstone Ram said:

When we hand them in do we hand over a bundle of papers tied up in red tape or does someone press send on an email? 
 

 

Middlesbrough board meeting tomorrow morning when our accounts are revealed.

[kevinhectoring]

On 22/08/2021 at 12:57, Boycie said:

We need a big lump up top. Proper Steve Howard target man.

Not so sure. We’ve looked so good this season when we play the ball short along the ground. CKR is a hero but without him we may play a better brand of football 

[Curtains]

1 minute ago, kevinhectoring said:

Not so sure. We’ve looked so good this season when we play the ball short along the ground. CKR is a hero but without him we may play a better brand of football 

We need a goal scorer for sure .

 

[kevinhectoring]

3 minutes ago, Curtains said:

We need a goal scorer for sure .

 

We may have a few already. And more after tomorrow ... 

[ram2508]

On 22/08/2021 at 14:10, RoyMac5 said:

That would imply we've submitted our accounts and P&S and the EFL have had time to examine them. Then 'convene' and agree on a punishment before charging us.

Thought I read a while ago that the effects would work with us regarding submitting accounts. So when we officially hand them over the efl are happy with them. Maybe we showed them last week and there was a couple of things needed tweaking. Hence the extension. 

[ram2508]

Just now, ram2508 said:

Thought I read a while ago that the effects would work with us regarding submitting accounts. So when we officially hand them over the efl are happy with them. Maybe we showed them last week and there was a couple of things needed tweaking. Hence the extension. 

Efl  not effects ?

[kevinhectoring]

12 hours ago, duncanjwitham said:

Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.

What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.

The EFL will surely need to change things, not least in light of the loophole outlined by Mel in the Al-jazeera documentary.  

The EFl can’t write  their own accounting code. Nor is the problem solved by them telling clubs what policies and practices to use. They need instead to specify where P&S returns must be adjusted, if a club’s accounts do not reflect the EFL’s desired approach  

 

  

 

 

[Spanish]

6 hours ago, kevinhectoring said:

The EFL will surely need to change things, not least in light of the loophole outlined by Mel in the Al-jazeera documentary.  

The EFl can’t write  their own accounting code. Nor is the problem solved by them telling clubs what policies and practices to use. They need instead to specify where P&S returns must be adjusted, if a club’s accounts do not reflect the EFL’s desired approach  

 

  

 

 

I think it is very simple, a specific audit statement that each club is complying with amortization rules as part of the accounts filing process.  No club can be faulted in those circumstances.  I know the auditors sign off the whole set of accounts but in my industry they do that and also provide a reliance confirmation to our regulators

[GlastoEls]

May the 24th August long and forever be regarded as Happy Amortisation Day everyone, to be celebrated annually with the purchase of 8 players within a glorious 48 hour window!!

[RoyMac5]

9 hours ago, ram2508 said:

Thought I read a while ago that the effects would work with us regarding submitting accounts. So when we officially hand them over the efl are happy with them. Maybe we showed them last week and there was a couple of things needed tweaking. Hence the extension. 

Yes that's what I meant, that I didn't agree with what the poster had suggested. Here's hoping today's the day! #COYR

[duncanjwitham]

9 hours ago, kevinhectoring said:

The EFL will surely need to change things, not least in light of the loophole outlined by Mel in the Al-jazeera documentary.  

The EFl can’t write  their own accounting code. Nor is the problem solved by them telling clubs what policies and practices to use. They need instead to specify where P&S returns must be adjusted, if a club’s accounts do not reflect the EFL’s desired approach  

That's a crazy approach though, unless I'm completely misunderstanding you. You can't have clubs submitting P&S returns and the EFL demanding they change them based on an unknown and undocumented set of rules. 

You'd have the situation where a club can submit a set of accounts that they believe meet FFP thresholds, that have been signed off by auditors, accepted by HMRC etc etc, and the EFL can come back a month later and say we redid your numbers based on rules we didn't tell you about, and now you failed by £Xm so here's a big points deduction?