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16 minutes ago, owls maniac said:

Doesn't really say much for corporate governance, does it?

 

How much longer are the club going to treat supporters like mugs and keep us completely in the dark about what is going on?  

Have you actually read what is in the article or just jumping up and down with faux outrage for nothing 

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So any idea when the first £7.5m repayment is due on the stadium that was sold a year or so ago, or this year whatever and that were included in last years accounts, or the years before, this years even or whatever?

 

Nurrrrrrse!!

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15 minutes ago, yeadonowl said:

if the club fails in getting the ground sale in the financial period they want then this will form part of the accounts we are due to file now. 

 

A significant journal entry of around 60m will then need to be included if we don't appeal

 

Slow news day at the Star

No No No - the sale is in the 2018 account they cannot account for it again. Companies house have accepted the account its just the football league that are not.

 

The July 2019 figures are for the period of August 2018 to July 2019 there should be no affect to them about anything happening with the EFL appeal unless of course the sales proceeds have no been paid then DC will have us in front of the EFL again for his dealing with the club.

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Am I right in thinking with the stadium sale, putting it in the year we put it in we would have passed FFP. Wasnt that the whole reason for doing it in the first place. So the fact we got a points deduction means they dismissed that and the stadium sale will go in this set of accounts.

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1 minute ago, pazowl55 said:

Am I right in thinking with the stadium sale, putting it in the year we put it in we would have passed FFP. Wasnt that the whole reason for doing it in the first place. So the fact we got a points deduction means they dismissed that and the stadium sale will go in this set of accounts.

No, stop it.

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Maybe they are now figuring out a way to have the stadium sale included also to the latest financial year?

 

Doesn't really do much good to our rebuilding issues if we end up umbongoed again.

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Hang on... weren't we informed that everything was fine this time last year in regards to the accounts. 

 

If we as a club failed to manage FFP successfully and tried plugging the gap then I have little faith that these accounts are going to be glowing and positive. More than happy to be proven wrong. 

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In fairness we can’t submit them until we know which set of accounts the stadium sale goes in, this’ll not be sorted until after any potential appeal.

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SWFC: Please see attached accounts to this e-mail. Can you please confirm and acknowledge the receipt of this e-mail and satisfactory therein? 

 

EFL: Yes but, No but... 

 

 

 

 

Hypothetically of course... 

 

 

Edited by owls-swfc
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