Flat Owl Posted March 1, 2021 Share Posted March 1, 2021 1 hour ago, Manwë said: We've rented the elephants and that's pushed us over the FFP limit. It will take years for us to get any money back for those It's a very niche market even for D Pimps... 1 1 Link to comment Share on other sites More sharing options...
S36 OWL Posted March 1, 2021 Author Share Posted March 1, 2021 Nothing to worry about Link to comment Share on other sites More sharing options...
Gob_Bluth Posted March 1, 2021 Share Posted March 1, 2021 They've been done in crayon. Companies house have asked us to redo them in biro 2 Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted March 1, 2021 Share Posted March 1, 2021 2 hours ago, mogbad said: The auditors refusing to confirm the club as a sustainable business moving forward. To be fair, the auditors do this every year because without DC chucking his dough in, we aren’t. Link to comment Share on other sites More sharing options...
@owlstalk Posted March 1, 2021 Share Posted March 1, 2021 1 minute ago, Mcguigan said: To be fair, the auditors do this every year because without DC chucking his dough in, we aren’t. That makes no sense? 1 Owlstalk Shop Link to comment Share on other sites More sharing options...
asteener1867 Posted March 1, 2021 Share Posted March 1, 2021 Just now, @owlstalk said: That makes no sense? Exactly..His dough is in FFS! Its like me Dad giving me £100'000 to buy an house at £105'000....and just cos ive only put £5000 in..I can't buy the house! Thats exactly what its like....unless someone has a better example... (Which I hope they have) Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted March 1, 2021 Share Posted March 1, 2021 Just now, @owlstalk said: That makes no sense? The auditors always declare that without significant financial support from DC, there’s a significant risk of the company to continue as a going concern. DC always provides, non legally binding, confirmation that he will. He’s said he doesn’t think there is anything wrong with accounts, so he must have given the same assurances this time as well. Link to comment Share on other sites More sharing options...
@owlstalk Posted March 1, 2021 Share Posted March 1, 2021 Just now, Mcguigan said: The auditors always declare that without significant financial support from DC, there’s a significant risk of the company to continue as a going concern. DC always provides, non legally binding, confirmation that he will. He’s said he doesn’t think there is anything wrong with accounts, so he must have given the same assurances this time as well. Then how come the club is getting fined for not publishing the accounts? Owlstalk Shop Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted March 1, 2021 Share Posted March 1, 2021 5 minutes ago, asteener1867 said: Exactly..His dough is in FFS! Its like me Dad giving me £100'000 to buy an house at £105'000....and just cos ive only put £5000 in..I can't buy the house! Thats exactly what its like....unless someone has a better example... (Which I hope they have) You’ve lost me. Link to comment Share on other sites More sharing options...
Baldrick Posted March 1, 2021 Share Posted March 1, 2021 Year end changed to 29th Feb We’ve just got to wait for a leap year 1 3 Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted March 1, 2021 Share Posted March 1, 2021 2 minutes ago, @owlstalk said: Then how come the club is getting fined for not publishing the accounts? I’ve no idea. But, if it is because the auditors are refusing to sign off due to this going concern risk, it can only mean DC has refused has refused to put any more money in to run the club and we’re financially knackered. Having paraded a new manager today and DC saying no problems, I can’t see him stopping funding. Link to comment Share on other sites More sharing options...
Hookowl Posted March 1, 2021 Share Posted March 1, 2021 10 minutes ago, @owlstalk said: Then how come the club is getting fined for not publishing the accounts? Maybe the auditors require more proof now that there is no revenue coming in due to the pandemic ? 1 Link to comment Share on other sites More sharing options...
owlinexile Posted March 1, 2021 Share Posted March 1, 2021 The problem is that the fans only started suggesting that the club should submit accounts after they were already late. 2 Link to comment Share on other sites More sharing options...
asteener1867 Posted March 1, 2021 Share Posted March 1, 2021 17 minutes ago, Mcguigan said: The auditors always declare that without significant financial support from DC, there’s a significant risk of the company to continue as a going concern. DC always provides, non legally binding, confirmation that he will. He’s said he doesn’t think there is anything wrong with accounts, so he must have given the same assurances this time as well. Why would they ALWAYS accept a "non legally binding" agreement?..He could change his mind tomorrow Link to comment Share on other sites More sharing options...
asteener1867 Posted March 1, 2021 Share Posted March 1, 2021 6 minutes ago, Hookowl said: Maybe the auditors require more proof now that there is no revenue coming in due to the pandemic ? Same as every other club then Hooksy? Link to comment Share on other sites More sharing options...
Manwë Posted March 1, 2021 Share Posted March 1, 2021 8 minutes ago, Hookowl said: Maybe the auditors require more proof now that there is no revenue coming in due to the pandemic ? Wrong year, but this is Wednesday so maybe we can blame it on Covid-18. 2 Link to comment Share on other sites More sharing options...
Hookowl Posted March 1, 2021 Share Posted March 1, 2021 1 minute ago, asteener1867 said: Same as every other club then Hooksy? In a way yes, but we have likely overspent a lot more than every other club. It was only a thought hence the question mark, but there has to be some reason DC said there is a slight problem and auditors not signing off is a distinct possibility. 1 Link to comment Share on other sites More sharing options...
Costello 77 Posted March 1, 2021 Share Posted March 1, 2021 2 hours ago, asteener1867 said: I mean...You're coming in to land on a plane...and the captain says "Actually we are going to land a bit later...everythings fine...except for a.."little bit" You would simply relax..wouldn't you? 1 Link to comment Share on other sites More sharing options...
room0035 Posted March 1, 2021 Share Posted March 1, 2021 2 hours ago, WalthamOwl said: Very worrying. Be shocked if we don’t get docked points and put under a transfer ban. We have had a self imposed transfer ban for the last 2 seasons. Link to comment Share on other sites More sharing options...
Hookowl Posted March 1, 2021 Share Posted March 1, 2021 3 minutes ago, Manwë said: Wrong year, but this is Wednesday so maybe we can blame it on Covid-18. It's not the wrong year for them to sign us off as a viable business going forward. Link to comment Share on other sites More sharing options...
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