STFC_Manc
 Offline
Posts: 1680
|
 |
« Reply #1785 on: Tuesday, May 17, 2022, 22:13:51 » |
|
It makes zero sense to pay off the debt now, when we are less than a month away from it lifting anyway.
It must be an error from the EFL.
|
|
|
|
|
Logged
|
|
|
|
|
Shrivvy Road
|
|
« Reply #1786 on: Wednesday, May 18, 2022, 07:00:25 » |
|
It's not an error, we paid the first part off that needed paying and the rest is interest free so we are out of the embargo
|
|
|
|
|
Logged
|
|
|
|
Batch
Not a Batch
Offline
Posts: 57807
|
|
« Reply #1787 on: Wednesday, May 18, 2022, 07:18:56 » |
|
It makes zero sense to pay off the debt now, when we are less than a month away from it lifting anyway.
It must be an error from the EFL.
It would allow us to offer longer contracts sooner wouldn't it? July 1st is a bit late if that's when it would naturally expire, isn't the league starting early next season? |
|
|
|
|
Logged
|
|
|
|
reeves4england
Offline
Posts: 16127
We'll never die!
|
|
« Reply #1788 on: Wednesday, May 18, 2022, 08:47:36 » |
|
It would allow us to offer longer contracts sooner wouldn't it?
July 1st is a bit late if that's when it would naturally expire, isn't the league starting early next season?
Starts a week earlier than usual I think... July 30th |
|
|
|
|
Logged
|
|
|
|
Legends-Lounge
Offline
Posts: 8814
Non PC straight talking tory Brexit voter on this
|
|
« Reply #1789 on: Wednesday, May 18, 2022, 10:25:13 » |
|
If there was anything to pay off whether we needed to or not and the club have paid it the. There must be a reason to have done so.
|
|
|
|
|
Logged
|
|
|
|
Ƭ̵̬̊: The Artist Formerly Known as CWIG
TOLD YOU SO
Offline
Posts: 8484
|
|
« Reply #1790 on: Wednesday, May 18, 2022, 10:27:33 » |
|
If there was anything to pay off whether we needed to or not and the club have paid it the. There must be a reason to have done so.
It was done to ensure we could tie Charlie Austin down to a decent contract :-) |
|
|
|
|
Logged
|
|
|
|
TheDukeOfBanbury
Offline
Posts: 4186
|
|
« Reply #1791 on: Wednesday, May 18, 2022, 10:33:53 » |
|
Clubs have to communicate by the end of May their retained list.
Makes perfect sense to be ahead of the game.
|
|
|
|
|
Logged
|
|
|
|
dagrumpymunki
Offline
Posts: 1117
|
|
« Reply #1792 on: Wednesday, May 18, 2022, 10:41:09 » |
|
If there was anything to pay off whether we needed to or not and the club have paid it the. There must be a reason to have done so.
I don't think we've paid it off. We've made the initial year's repayment of the covid hardship loan, have agreed a plan to pay back the rest over the next few years, and have accepted the embargo for the 2021/22 season as the price of paying it back over time. That season proper is now over, so I guess that's the end of the embargo, hence we're off the list. Other clubs embargoes must be related to other issues I guess. |
|
|
|
|
Logged
|
..never go back.
|
|
|
|
Shrivvy Road
|
|
« Reply #1793 on: Wednesday, May 18, 2022, 11:52:57 » |
|
I don't think we've paid it off. We've made the initial year's repayment of the covid hardship loan, have agreed a plan to pay back the rest over the next few years, and have accepted the embargo for the 2021/22 season as the price of paying it back over time.
That season proper is now over, so I guess that's the end of the embargo, hence we're off the list. Other clubs embargoes must be related to other issues I guess.
Spot on |
|
|
|
|
Logged
|
|
|
|
Legends-Lounge
Offline
Posts: 8814
Non PC straight talking tory Brexit voter on this
|
|
« Reply #1794 on: Wednesday, May 18, 2022, 12:07:20 » |
|
I don't think we've paid it off. We've made the initial year's repayment of the covid hardship loan, have agreed a plan to pay back the rest over the next few years, and have accepted the embargo for the 2021/22 season as the price of paying it back over time.
That season proper is now over, so I guess that's the end of the embargo, hence we're off the list. Other clubs embargoes must be related to other issues I guess.
Well that explains it. Other than the play offs, the season is over so to say you’re ‘free’ to conduct transfer business unhindered seems a sensible decision, even if it is a few weeks before the ‘official’ deadline clause. |
|
|
|
|
Logged
|
|
|
|
Power to people
Offline
Posts: 6586
|
|
« Reply #1795 on: Thursday, May 19, 2022, 08:18:22 » |
|
I thought new contracts get agreed etc and they officially start on July 1 as that always gives those out of contract / released that extra months pay from the end of the season ?
|
|
|
|
|
Logged
|
|
|
|
tans
You spin me right round baby right round
Offline
Posts: 26797
|
|
« Reply #1796 on: Thursday, May 26, 2022, 17:35:10 » |
|
|
|
|
|
|
Logged
|
|
|
|
Bob's Orange
Has brain escape barriers
 Online
Posts: 29829
|
|
« Reply #1797 on: Thursday, May 26, 2022, 17:57:05 » |
|
Quite a few 'adjustments' there. Lethal Lee getting creative with the accounts no doubt!
|
|
|
|
|
Logged
|
we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
|
|
|
Batch
Not a Batch
Offline
Posts: 57807
|
|
« Reply #1798 on: Thursday, May 26, 2022, 20:17:33 » |
|
Anybody going to give a layman's rundown
|
|
|
|
|
Logged
|
|
|
|
Samdy Gray
Dirty sneaky traitor weasel
Offline
Posts: 27180
|
|
« Reply #1799 on: Thursday, May 26, 2022, 20:38:21 » |
|
Stuff wasn't accounted for properly.
£270k of loans were recorded as income and shareholder capital. No doubt these are the other debts that were identified soon after Clem took over.
It means the liabilities on the balance sheet have grown, but the bigger question would be who made the loans and what are the terms.
£365k of costs that have now been restated as not being company deductible is interesting. Suggests that someone might have been using club funds for personal benefit. I wonder who...
|
|
|
|
|
Logged
|
|
|
|
|
