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Old 17-07-2010, 22:29   #178
maccawozzagod
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Re: Transfer embargo

to register any previous full year accounts they will have to detail the apparent loans made by the cardboard millionaire (and presumably where this money was spent). Once it is documented then that will be an admissable debt by the club and will have to be paid back. Whatever we 'invent' the accounts to be will have to be accepted by both the club and Mr Whalley as true and accurate Mr Whalley. That is what I assume the hold ups to be. We don't want the debt to appear and he wants it to be as high as possible. But for it to be as high as possible we/he need to prove where that money went for it to have been spent - not forgetting that over £300k worth of tax wasn't paid neither then a huge hole appears in our finances
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