Why offload King and Platt (1 Viewer)

hitmanhearns · Mar 25, 2011

if there was investment coming? That doesn´t make sense. I guess the embargo meant mcindoe could not be flogged out again once he returned.

Could sisu be refusing to publish accounts to the football league to avoid deduction and forced relegation and end the season as a championship club? I guess it´s easier to get rid of a championship club in the summer then a L1 club, if there are any future buyers that is...

DazzleTommyDazzle · Mar 25, 2011

Failing to file accounts makes no difference to any points deduction.

The deduction comes if we go into administration. Whilst that is obviously intimately linked to the financial situation, it's completely separate to the filing (or otherwise) of accounts.

hitmanhearns · Mar 25, 2011

ok, why would they delay filing with the football league, any thoughts?

DazzleTommyDazzle · Mar 25, 2011

The accounts are filed with Companies House.

Normally when accounts are delayed it's because there are issues over the "going concern" status of the company. Given our financial position, it's likely that to avoid qualifying the accounts, the auditors will require guarantees of support from SISU. All speculation on my part, but possibly debating whether or not to give such assurances is the reason for the delay.

hitmanhearns · Mar 25, 2011

DazzleTommyDazzle said:
The accounts are filed with Companies House.

Normally when accounts are delayed it's because there are issues over the "going concern" status of the company. Given our financial position, it's likely that to avoid qualifying the accounts, the auditors will require guarantees of support from SISU. All speculation on my part, but possibly debating whether or not to give such assurances is the reason for the delay.

makes sense

Why offload King and Platt (1 Viewer)

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Why offload King and Platt (1 Viewer)

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