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Re: Transfer embargo
This is total nonsense. I quote from the LT:
"The club have finalised the accounts, which have been complicated by the Reds’ recent financial problems, but have been awaiting final confirmation of the opening balance for the year from their accountants. That is now said to be imminent.
Managing director Dave O’Neill has been working on the accounts..."
From reading this, the only thing that has been finalised is their operating statements (i.e. their P & L) for the year 2008/9; if they have not yet agreed upon a revised opening balance then they have not yet agreed upon their accounts. But even allowing for that, for a company with a turnover of less than £1m then I am absolutely perplexed as to why it has taken a year to agree on what cash came through the door and what went out.
Other than that, we've all been here before and got the T-shirt. How can we forget O'Neils statement last October that the HMRC dosh was all but collected in full when in reality only £90K or so was there and had it not been for IK and PM turning up at the court there would now be no ASFC. This man is an absolute disgrace.
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