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Old 08-07-2010, 18:54   #98
AccyMad
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Re: Transfer embargo

Quote:
Originally Posted by LongLostSon View Post
Accymad - please reveal Ob report for us exiled Stanleyites - if memory serves, the accounts should have been filed by now according to the last 'official' statement a couple of weeks back. Embargo the lifted & John'nJimmy splashing the Scunthorpe dough.
No problem, articles from today's paper aren't on line yet & it's a lot to type out but I'll post the answer he gives about the embargo if that'll do? Here goes -
Q. : Why is there a transfer embargo & when will it be lifted.
A. : The current embargo that the club is under relates to the new football league rules that were introduced this summer relating to the filing of company accounts. We have brought in new accountants to the club and as yet they are not totally happy with the closing balance from the previous accounts which obviously affect the opening balance for the current year that is due.
This is being addressed and will obviously be sorted in good time to enable the club to sign players ahead of the start of the season.
Two years ago we introduced a totally new computerised accounting system into the club which gives us up to the minute information on the position the club is in.
Literally, at the end of every month, we have all the financial information at our fingertips from how much was brought in from the store or Crown pub to what we spent on wages and medical bills.
This is vital in keeping the club in the black and making sure that we are staying on track to meet our targets.
Hope that does for now, not sure when this weeks Observer goes on line, would think tomorrow
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