16-07-2010, 10:07
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#164
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Senior Member+
Join Date: Sep 2006
Location: Portishead, near Bristol
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Re: Transfer embargo
Quote:
Originally Posted by AccyMad
According to today's Observer, the embargo will be lifted on Tuesday. Story not on line yet (& anyway I don't seem to have much luck posting links) so here goes :
'Stanley plan to have their transfer embargo lifted next week so John Coleman can finally get players signed for their new season.
Under new Football League rules the Reds have been placed under an embargo as they are late with their 2009/10 accounts going into Companies House.
But club officials are set to meet with their accountants on Tuesday and get the all-clear.
"The accountants have had a tough job with the finances and loans from that year but we are now there" said chief executive Rob Heys. We will meet up with them on Tuesday, make sure everyone is happy, sign them off and then send them to Companies House and the embargo will be lifted. It's obviously never good to have things like this hanging over our head but, once these accounts are done, the same thing won't happen next year as we have a new accounts system in place".
Every thing in the garden's rosy then 
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I thought the "new accounts system" had been in place for two years. At least that's what David O'Neill said.
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