Ginner Posted February 21, 2021 Share Posted February 21, 2021 4 hours ago, mkowl said: I have heard a plausible reason for the delay... Plausible as in legitimate and within the rules, such that we won't incur penalties from EFL? Or plausible as in the dog chewed them up? 1 Link to comment Share on other sites More sharing options...
Costello 77 Posted February 21, 2021 Share Posted February 21, 2021 I wonder if this is to do with some cat and mouse strategy that could be bundled up with our divisional status in a complicated takeover deal? Link to comment Share on other sites More sharing options...
Guest Grandad Posted February 21, 2021 Share Posted February 21, 2021 Just now, Costello 77 said: I wonder if this is to do with some cat and mouse strategy that could be bundled up with our divisional status in a complicated takeover deal? I do love the genius master plan conspiracies Link to comment Share on other sites More sharing options...
Costello 77 Posted February 21, 2021 Share Posted February 21, 2021 Or... have I put too little white wine into the fish pie and too much into myself? Link to comment Share on other sites More sharing options...
Guest mkowl Posted February 21, 2021 Share Posted February 21, 2021 5 minutes ago, Grandad said: I'd imagine this is reasonably close Or there may well be a disagreement over statements in the accounts that the Chairman is refusing to sign off, but the auditors require to be in there Its mostly conjecture - we'll never know I guess There is no other logical reason in truth other than this. I still think going concern is my favourite given its such a hot topic in the profession. As you say unless I am sat in the auditors office its no more than educated conjecture Link to comment Share on other sites More sharing options...
Costello 77 Posted February 21, 2021 Share Posted February 21, 2021 1 minute ago, mkowl said: There is no other logical reason in truth other than this. I still think going concern is my favourite given its such a hot topic in the profession. As you say unless I am sat in the auditors office its no more than educated conjecture Thanks for confirming that it's a strategy in a complicated takeover deal MK. Link to comment Share on other sites More sharing options...
Guest mkowl Posted February 21, 2021 Share Posted February 21, 2021 11 minutes ago, Ginner said: Plausible as in legitimate and within the rules, such that we won't incur penalties from EFL? Or plausible as in the dog chewed them up? Unless you have been involved in audit work and on the receiving end of a cross examination of how you reached your conclusion, adequacy of evidence etc its hard to explain it. I did and that is why I got out that game a couple of years ago. With some high profile business failures since that has got even more onerous, notwithstanding a slightly high profile situation over the stadium sale that cannot have escaped the attention of the regulators Link to comment Share on other sites More sharing options...
Animis Posted February 21, 2021 Share Posted February 21, 2021 Hopefully the trading position should have improved with some of the big earners leaving, but many were still at the club @ June 2019. Link to comment Share on other sites More sharing options...
owlinexile Posted February 21, 2021 Share Posted February 21, 2021 12 minutes ago, Grandad said: I do love the genius master plan conspiracies I am yet to see any evidence that Chansiri has ever had any kind of a plan in his entire life, let alone a genius master one... 1 Link to comment Share on other sites More sharing options...
Animis Posted February 21, 2021 Share Posted February 21, 2021 4 minutes ago, mkowl said: Unless you have been involved in audit work and on the receiving end of a cross examination of how you reached your conclusion, adequacy of evidence etc its hard to explain it. I did and that is why I got out that game a couple of years ago. With some high profile business failures since that has got even more onerous, notwithstanding a slightly high profile situation over the stadium sale that cannot have escaped the attention of the regulators With the sale being 'recorded' in the 2017/2018 accounts, is that essential it now - from an accountancy perspective? I mean, could DC say, actually the legal contract wasn't done until after 31st July 2018, thus now being shown in 2018/19 accounts? In the end, the urgency to register the deal before 31st July 2018 has now fallen away since we got docked points. Would there be any benefit for DC to show the sale in the 2018/19 accounts? 1 Link to comment Share on other sites More sharing options...
Costello 77 Posted February 21, 2021 Share Posted February 21, 2021 2 minutes ago, Animis said: With the sale being 'recorded' in the 2017/2018 accounts, is that essential it now - from an accountancy perspective? I mean, could DC say, actually the legal contract wasn't done until after 31st July 2018, thus now being shown in 2018/19 accounts? In the end, the urgency to register the deal before 31st July 2018 has now fallen away since we got docked points. Would there be any benefit for DC to show the sale in the 2018/19 accounts? Not that I can see. There would be a benefit in masking a potential points deduction if takeover negotiations were at a delicate stage however. Link to comment Share on other sites More sharing options...
Guest mkowl Posted February 21, 2021 Share Posted February 21, 2021 12 minutes ago, Animis said: With the sale being 'recorded' in the 2017/2018 accounts, is that essential it now - from an accountancy perspective? I mean, could DC say, actually the legal contract wasn't done until after 31st July 2018, thus now being shown in 2018/19 accounts? In the end, the urgency to register the deal before 31st July 2018 has now fallen away since we got docked points. Would there be any benefit for DC to show the sale in the 2018/19 accounts? The crux is its got to be in the 2018 accounts or 2019 accounts. The EFL said it shouldn't But that is for their purpose it has no legal basis to force them to be changed Link to comment Share on other sites More sharing options...
Animis Posted February 21, 2021 Share Posted February 21, 2021 6 minutes ago, Costello 77 said: Not that I can see. There would be a benefit in masking a potential points deduction if takeover negotiations were at a delicate stage however. Possibly - delaying the sale funds a year would presumably benefit DC in the FFP rolling 3-yr assessment for a further year. I'll be honest I'm not sure if the EFL have accepted the sale in 2018/19 season already. Link to comment Share on other sites More sharing options...
Django Posted February 21, 2021 Share Posted February 21, 2021 Surely they can’t be that horrific We got a few bob for Bruce and Joao and hardly signed anyone 1 Link to comment Share on other sites More sharing options...
Roscoe P. Coltrane Posted February 21, 2021 Author Share Posted February 21, 2021 1 minute ago, Django said: Surely they can’t be that horrific We got a few bob for Bruce and Joao and hardly signed anyone You might be in for a bit of a shock. 4 2 1 Link to comment Share on other sites More sharing options...
Dick_Turpin Posted February 21, 2021 Share Posted February 21, 2021 Can someone talk me through the historic debt that the ground is secured against. In fact is that right - is that what’s happened? If it is, given Wednesday don’t own the ground how can a club debt be secured against it? Does that mean the debt has been transferred to the company owning the ground and Wednesday now owe that company? Will any of this be reflected in the accounts? Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted February 21, 2021 Share Posted February 21, 2021 2 hours ago, Grandad said: The set after the late set are due in 68 days Gonna release them as a trilogy to ensure a longer Owlstalk Fred 2 Link to comment Share on other sites More sharing options...
StudentOwl Posted February 21, 2021 Share Posted February 21, 2021 2 hours ago, Ginner said: Can someone remind me, which tax year accounts are we waiting for? It's that bad that I genuinely can't recall myself. Chuffing embarrassing. You just know that once they're out in public they'll make terrible reading too. I'm going to pre-flounce about it now to avoid having to flounce when they come out and can just "get on with it". 2 Link to comment Share on other sites More sharing options...
sherlyegg Posted February 21, 2021 Share Posted February 21, 2021 2 hours ago, Marro said: These are the accounts that Chansiri said would be released soon. When does soon become a long time such that you can call DC a bullshitter? What's chansiri got to do with releasing accounts? Link to comment Share on other sites More sharing options...
Marro Posted February 21, 2021 Share Posted February 21, 2021 1 minute ago, sherlyegg said: What's chansiri got to do with releasing accounts? Apologies, I was under the impression he owned the club. He told everyone the accounts would be released shortly. Why haven’t they........? Link to comment Share on other sites More sharing options...
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