Re: Transfer embargo
 

That's everything sorted then....

Re: Transfer embargo
 

Re: Transfer embargo
 

Can anybody explain what that means?...because I'm damned if I can understand it!

(not having a go at you, AM, thanks for taking the time and trouble to tell us!). :)

Re: Transfer embargo
 

I'll have a go wyn, reckon its the usual bullshine instead of a straight answer.:rolleyes:

Re: Transfer embargo
 

Maybe they are all getting married and will all live happily ever after?

Re: Transfer embargo
 

Surely these accountants are being paid a tidy sum for undertaking this task ?? If so, why are they taking so long??? Or have they uncovered yet another as yet unpublicised financial irregularity / impending crisis that will take longer to resolve ???:confused:

Im not casting doubts or aspersions, but somehow this last statement doesn't smell right to me. If so, why did the tax bill go unpaid for so long ?? A tax bill of over £300k didn't just appear overnight now did it !!! Surely that was "important financial information" that should have flagged up what was an impending disaster,thankfully averted, thanks to Messrs Khan & Marsden and the goodwill of a lot of folk who dug deep in their own pockets.

Why did it get to the point that the club was a matter of hours away from being wound up a little over 8 months ago ???:confused:

All I can see is that we've lost players, as yet not replaced. The club is under yet another embargo, meaning Coley & Bells hands (which have, as yet, not managed to put pen to paper on their long promised contracts,a situation probably connected to the embargo situation ) are at the moment tied well and truly behind their backs.:mad:

Other clubs are now well and truly into the business of signing players, left, right and centre in every sense of the words' meaning. All the better players are likely to have been snapped up by other clubs by the time all this is eventually sorted; and O'Neill comes out with:

"sorted in good time to enable the club to sign players ahead of the start of the season.":enough:

A little over four weeks till kick off and counting Mr O'Neill. Not giving Coley much time to assemble the squad he wants is it now??? And given his (O'Neill's past track record with deadlines and press releases / statements) I for one am worried.

Again.:(

Re: Transfer embargo
 

we had this discussion before carpon, as far as the accountants are concerned, as far as i know they can only submit accounts if they got the "Full Information" its probably a blood out of a stone syndrome.:confused:

Re: Transfer embargo
 

Without going to far into the accounts discussion Cashy is correct in what he is saying, Pierce will not produce a set of accounts unless they are fully happy with everything they have seen. I would imagine they will need to go back a good few years to make sure that everything previous that has been reported actually stacks up. I dont know if the accounts will have been independently audited therefore this may be part of the issue as well ie, not being signed off properly previously.

As far the quote about a new package being introduced two years ago from what I can gauge this may not be correct. The reason I dont think this is correct is due to the fact that Pierce are trying to put a picture of the accounts together due to there being so many holes in the accounts. Therefore how can you have correct up to date information if that is currently being investigated by accountants? There is also the fact there was no control over cashflow which helped to contribute the winding up order so if they had the information available they would've realised that they owed £300k in tax and would put money towards that as a preferred creditor through contingency planning and put off trade creditors due to a reduced risk of further action. This would've also helped to create a contingency plan for cashflow to know when they needed to keep a pot of money for the summer and for rainy days. If the system was in place two years ago then they obviously weren't using it correctly!

I would also question the statement the other day about being to break even without needing help from Ilyas as stated by Rob Heys. The club is not self-sufficient and it is naive to expect the club to overnight become profitable. The club needs a sound business plan to get the club to start increasing revenue and keeping costs stable to help reduce losses obtained year on year. There are obvious tweaks that can be made to increase profitability such as gaining a ground sponsor and increasing usage of the executive boxes on matchdays. This would in turn bring in a better cashflow for the club and keep HMRC happier!

As for the ownership issue I personally dont think DON will ever takeover the club I just wish that Ilyas was still involved and therefore we would be kept informed of developments at the club, whether good or bad. It is quite annoying that we only ever seem to read quotes about things that are meant to happen but are never actually put into practice. There are a number of serious issues affecting the club and there really seems to be a lack of action being taken, including Coley's contract, the stadium not being up to league standard, the transfer embargo and outstanding accounts for last year.

It may sound like I am ranting but it is just how I see the current situation!

Re: Transfer embargo
 

Not a rant at all bdc, I think thats how most of us see the situation - there is a question about what is going on with Coley & Jimmy's contracts - O'Neil's answer is :
'Both John & Jimmy are totally committed to the club and, as a board, we believe in them as being more than capable of continuing to take the club forward on the pitch. They still have in place a verbal 12 month rolling contract which, for every day that goes by, they still have 365 to go'

At least he doesn't use the excuse that it's still being typed this time!

Nearly forgot, the title at the top of the page :

FUTURE IS BRIGHT WITH REDS

Re: Transfer embargo
 

"It's very important we resolve the issue when he returns to work on Monday morning."

So....was it resolved?:confused:

Or was the reference to another Monday morning in some future unspecified week?

Re: Transfer embargo
 

Re: Transfer embargo
 

Have just read the observer Question @ Answer, can someone please tell me, which one of em is a straight answer?:confused::(

Re: Transfer embargo
 

As far as the Government is concerned EW legally owns the majority share and will do until it is registered differently at Companies House.

Re: Transfer embargo
 

The accounts for the year ended 31st May 2008 were signed off by Accountants, accepted by the Directors and submitted to Companies House earlier this year, so I cannot understand why the opening balances for year ended 31st May 2009 are in doubt.

I think that the money owed to the taxman was a result of an Inland Revenue audit that was carried out and as the Club didn't have the necessary records for payroll, etc. the amount was an assessment of around £500k.

Re: Transfer embargo
 

"...if you ask Eric he would say I do."
Is that I as in you, or I as in him, Don?
This reminds me of Slick Willie Clinton's famous quote "It depends on what the meaning of the words 'is' is."

For a short man the cardboard millionaire casts a long shadow.

Re: Transfer embargo
 

I think that we fans should compile a list of questions and ask the Observer to ask them either directly or via their letters page. I don't think for one second that the Don will answer them truthfully.

I'll start with:-

1) Can you please give us mere mortals your definition of 'the next two weeks', as stupidly we were under the assumption that you meant 14 days.

Re: Transfer embargo
 

I don't think there are any surprises from O'Neil regarding the accounts (namely the balance sheet) of the club; there have been numerous prior postings on here on this topic and everyone must now know that EW will not be transferring his shares until he gets back what he has put in as 'loans'.

However, on a slightly different note, I see that Mr O'Neil talks about the new sprinkler system at the ground. I don't know much about ground maintenance but I would assume that as the new pitch needs bedding in then plenty of water is necessary and is subsequently crucial in keeping quality. I wonder, therefore, what effect the hosepipe/sprinkler ban will now have?

Re: Transfer embargo
 

Apparently you can still use watering cans!!:rolleyes:

Re: Transfer embargo
 

Re: Transfer embargo
 

Pendle Red posted a link a couple of weeks ago regarding the levels of drought orders. 1st level is only domestic ban.

BBC NEWS | UK | Levels of drought restrictions

Re: Transfer embargo
 

You should know by now UK, it is very foolish to ASSume!!!! ;) :) :)

Re: Transfer embargo
 

True Enid Blyton is more realistic.:D

Re: Transfer embargo
 

not wishing to appear pesimistic, but if the books can't be finalised do we have enough pre-embargo signatures to allow Stanley to fulfill the first league fixture ?

Re: Transfer embargo
 

I have read through the interview several times with Mr. O'Neill and it still leaves me with too many if's & but's?

We want flesh on the bones so to speak, if it is to be that Mr. O'neill is to lead us forward then it is time to look to re-build the trust with everyone connected with the Club and re-connect only then will things at least start to move forward.

Visions are fine but they are for the future, it's here & now we are worried about.

Re: Transfer embargo
 

That's precisely my worry, i just haven't wanted to tempt fate by saying it out loud

Re: Transfer embargo
 

Re: Transfer embargo
 

Excuse my ignorance, but if a player isn't registered, does that mean he can't play in a friendly?

Re: Transfer embargo
 

no harris.

any trailist can play, whether they are registered or not.

Re: Transfer embargo
 

Wouldn't think they have to be registered or you wouldn't get that well known player A.Trialist who plays for most clubs pre-season :)

Re: Transfer embargo
 

Cheers, Dave. So our new signings will be on show at the friendlies...but who knows about the Aldershot match? :confused:

Re: Transfer embargo
 

I know one of the trialists is playing on Tuesday & Thursday :)

Re: Transfer embargo
 

Trialists cannot play in league or cup matches, only friendlys.

Re: Transfer embargo
 

Without Ilyas there would have been no club and therefore no employment for the current regime, I take it that you have forgot about that? Not forgetting as well that the fans did their bit as well to keep the club going, therefore I would say that they have every right to be angry about the mismanagement that has happened consistently. Ilyas has put far more of his own money into the club than anybody else so why should he be held accountable for any of the current saga, he has paid for the improvements to the pitch and done all of this for nothing in return.

Your obviously oblivious to the reality that encapsulates the way the club has been run. The ownership issue has been meant to have been resolved many times, DON keeps say it is a matter of weeks for it to be sorted and a year down the line it is still not sorted. On the commercial side has any ground sponsor been sorted yet, 18 months since Fraser Eagle went bust and still nothing has happened. You have given us one example of external factors that moves the ball from under your feet, I fail to see how this leads to a complete lack of decent management.

The club was left debt-free after Ilyas reign so I would suggest that is a decent way to leave the club in. Finally, what about JC's contract I read on the 16th April that the contract was being typed up ready for signature, three months later it still not resolved. If you can't understand the fans frustration about the above issues then you are deluded, people dont moan for the sake of it they moan because they dont like what is happening to the club. We are forever fed soundbites about what is going to happen but when is any of it actually going to be done? I would love DON to sort all the problems out that way then the fans can look forward to seeing JC do his magic on the field without having to worry about off the field problems.

Re: Transfer embargo
 

Las time this was mentioned DON said that there were "offers on the table" and that it was just about choosing the right one, but nothing has happened. If somebody offered £5 to sponsor the ground it would be £5 more than what came in last season in ground sponsorship. Surely there is somebody out there who would sponsor the ground for a reasonable amount. What about Tesco who are moving into Accrington. An ideal opporltunity to raise their profile for the new store. Has anybody approached them ? I guess not.

Re: Transfer embargo
 

Great idea, Jeff, but it would need someone of vision and dynamism to make a presentation to Tesco's executive. Can you think of anyone?:(

Re: Transfer embargo
 

Tesco are are involved in sponsoring football skills for kids over the summer hols. There are already a number of events lined up at Hyndburn Sports Centre for the end of July/early August - one of only 4 places in Lancashire. I suspect it has something to do with the bribe money paid for the new supermarket.

As regards individual team backing, I'm not sure if any of the supermarkets sponsor individual teams, other than Waitrose who do Reading (on the basis their HQ is just outside the town).

Re: Transfer embargo
 

Just a couple of quick hits on that:

Stanley (as in a famous brand)
Crown Ground (as in a famous paint firm not to far from the Ground itself)

Re: Transfer embargo
 

After reading the last three pages, to say I am worried is an understatement. Whilst I understand the need to have the books straight prior to submitting them, the longer this carries on, the more worried I become. Are the club going to be ready for the start of the new season? It would appear the club are lurching from one crisis to another.

Re: Transfer embargo
 

Read that Coley had 14 triallists.

They are going to want to get fixed up with a club as soon as possible and the best of them will be.

Re: Transfer embargo
 

http:www.lancashiretelegraph.co.uk/stanley

Should be sorted by end of this week according to todays Telegraph

Re: Transfer embargo
 

Just a blank page AM???

Re: Transfer embargo
 

Try this, Joe...

Accrington Stanley to lift transfer ban (From Lancashire Telegraph)

Totally confused by this, as it refers to Ilyas Khan as the "chairman"...is he? :confused:

Re: Transfer embargo
 

DON will tell us "In A Couple of Weeks"

Re: Transfer embargo
 

He's got a new one to add to his little armoury of phrases now..."we might be able to get it all boxed off by the end of the week.” ;)

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.

Re: Transfer embargo
 

Sorry, I new I shouldn't have tried to be technical :o

Re: Transfer embargo
 

This is worrying: "We might be a little behind in terms of tax due at the moment...".

Does it mean that O'Neill doesn't know, despite the state-of-the-art accounting system that the club's had for two years? Or does it mean that we are, indeed, behind with our payments? And, if so, is there any arrangement with HMRC to pay them late?

Don't these journalists ask obvious questions any more? Or has he just printed a club press release and stuck his name on the top?

Re: Transfer embargo
 

No and I wouldnt be surprised!!

Re: Transfer embargo
 

Well late last night Telegraph Reporter who seems to be a member here, was online reading the latest stuff online, so i would reckon the answer is yeh,:rolleyes::D just checked it wasn't the guy who printed the article, it was a lady who was online,perhaps his labourer. lol

Re: Transfer embargo
 

Re: Transfer embargo
 

Cheers WH, it worked, but cannot make head nor tail of some of what is quoted/reported :confused: :) :)

Re: Transfer embargo
 

At least you are trying to be positive AM ;) :)

Re: Transfer embargo
 

How good will it be finally for Coley to be able to start to wheel & deal and the squad begin to take shape?

It should be a great that he will be boosted by the money recieved from the Bobby Grant move to Scunthorpe as promised!:alright:

Re: Transfer embargo
 

Sorry Google Page Ranking but if you think JC is going to get a penny of the Bobby Grant fee, I think you are sadly mistaken. It has been admitted we are late with the taxman again! I think if and when this money is given to the club, it will be used to pay the bills and wages of the players. I fear JC will be looking in the freebie market again, not that this is a bad thing, as he has unearthed some gems in previous years:o

Re: Transfer embargo
 

Ya mean same as they do at "ALL" league clubs mate? agree it will be good, but its sad we have to think that way.

Re: Transfer embargo
 

Thought I read somewhere that Rob Heys said we were close to being self sufficient and the Bobby Grant money would be made available to John Coleman!!!! Oh well, there's always next week !! We live in hope.

Re: Transfer embargo
 

Accrington Stanley boss aims to strike balance (From Lancashire Telegraph)

Coleman cannot officially sign players until the club’s transfer embargo is lifted but that could happen within the next seven days

What happened to the club hoping "to get it boxed off by the end of the week"? :rolleyes:

Re: Transfer embargo
 

He didn't say which week would be 'the week' though WH - you know he doesn't like to tie himself down to specific dates :)

Re: Transfer embargo
 

"Not long now."

One of the most over used cliches on the Sheffield Wednesday Forum - mind you they're talking about the series of proposed take overs that's been going on for longer than War and Peace.

Re: Transfer embargo
 

It's only what I read:o

Accrington Stanley promise to hand Grant funds to Coleman (From Lancashire Telegraph)

Accrington Stanley June 24th "Stanley Agree Grant Compensation" in Archive section

;)

Re: Transfer embargo
 

I read the same........don't believe a sodding word they utter.:(

Re: Transfer embargo
 

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 :)

Re: Transfer embargo
 

if thats so accymad, seems this week has become another of them "Next Weeks":rofl38::rofl38::rofl38:

Re: Transfer embargo
 

Re: Transfer embargo
 

In telegraph Ilyas has confirmed that he has stepped down & made that announcement at the charity boxing match.

Re: Transfer embargo
 

Khan resignation to be confirmed next month (From Lancashire Telegraph)

Stanley’s transfer embargo may not be lifted until next week at the earliest after a further delay in finalising the annual accounts.

So does that mean "next Tuesday" is out of the window now? :confused:

Re: Transfer embargo
 

Curiouser & curiouser - it's getting more & more difficult to make head nor tail of what is going on at Stanley This time of year i'm usually excited & full of anticipation at the prospect of a brand new season but i'm finding it more & more difficult not to be extremely worried about the current state of our club

Re: Transfer embargo
 

Same here, not as enthused as normal, but have manged to wear the shirt today least i feel comfier in that than the club prospect of is it isnt it game atm:rolleyes:

Re: Transfer embargo
 

This is a take on the last twelve months or so, in the absence of any inside information whatsoever and based purely on conjecture from what I read on this and the other sites. I think it could be basis of a new soap if anyone from the BBC is reading.

Stanley never kept 'books' like any other business; cash slopped around from turnstile to pocket. The chairman and others may or may not have put money into the club but no-one knows or can prove the truth.
But soon enough, the Cardboard Millionaire saw what was about to happen and jumped ship to the SS Chester before the proverbial hit the financial fan. The D'On hoped he could but discovered he couldn't buy outright control or stop the fan. Messrs Khan and Marsden stepped up at last minute and threw themselves and their wallets in front of the fan to save the club. The payback was a thorough audit but that proves tricky as no books were kept (c'mon, keep up). The Cardboard Millionaire, having watched SS Chester go down with all hands on board, bobs up in his lifevest and demands his dues. But there's no agreement or proof of who owes who what, when and why. Meanwhile, the fan keep whirring as cash dries up again over the summer.
Break for adverts.
Join us again "next week" for the next episode.
:confused:

Re: Transfer embargo
 

Not long now! :):):)

Re: Transfer embargo
 

Have we one or two embargoes?
I ask because Southend have an embargo for owing the PFA monies and I couldn't remember if we still had any outstanding loans with them.
My memory isn't as good as it was?

Re: Transfer embargo
 

To the best of my knowledge we are under embargo for the books being late, but who knows????

Re: Transfer embargo
 

:) Just the new ruling embargo for late accounts :) any moneys owing to the PFA have been payed back :)

Re: Transfer embargo
 

The real question that merits n answer to all who supported the club in there darkest days, is WHY are we now in this position of accounts being late?:cool:

Re: Transfer embargo
 

Very good question cashy,may be and its just me thinking this!!! That with all the tax bills and other money problems that the club have been faced with, the task of sorting the accouts out was a bigger task than anyone imagined and so it seems now,how long has it taken up to now 3months and it still hasn't been finalised. We as supporters can only hope its sorted and coley can sign the players up ASP..And all of us can put this feasco behind us and move on:)

Re: Transfer embargo
 

could be, who knows? but a simple explanation to allay fears was all that was required n even thats never happened, simply not good enough.:(

Re: Transfer embargo
 

It's been mentioned on more than one occasion the problem is with the opening balances. Opening balances inlcude outstanding debts, of which any loans would be classed as. In 20 years working in IT supporting accounting systems, I have never ever seen a signed fag packet as proof of loan, I somehow don't think the authorities class this as official documentation :)

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

Re: Transfer embargo
 

So, presumably, they've had their meeting and the accounts have been signed off? I wonder if the club are going to tell us the good news today? :)

Re: Transfer embargo
 

:rofl38::rofl38::rofl38: My money would be on No @ No.;)

Re: Transfer embargo
 

Don't think they mentioned which Tuesday, probably be next Tuesday.

Re: Transfer embargo
 

I wouldn't hold your breath WH, I believe Messrs. O'Neil & Heys have gone down to Devon for the Joma tournament - they probably meant next Tuesday so they can announce the the embargo has been lifted 'live' at the Crown Ground just before the Burnley game :rolleyes:

Re: Transfer embargo
 

Won't be long now! :):):)

Re: Transfer embargo
 

Anything new on this guys?

Re: Transfer embargo
 

Accounts still not lodged at Companies House, but according to Heys they were being signed off last Tuesday and then lodged so we should be OK by tomorrow. UNLESS HE WAS TELLING LIES.

Re: Transfer embargo
 

We shall see tomorrow then Jeff!!.......Thanks mate :)

Re: Transfer embargo
 

Hope that's true. but then again he told some at the Clitheroe game last week they'd be sorted by last Friday so won't hold my breath :rolleyes:

Re: Transfer embargo
 

Of course we'll be OK by tomorrow. After all, there's a press day at the Crown on Monday when we will unveil our new signings to the world. Obviously, to do that while we still have a transfer embargo hanging over us would look pretty damn tinpot and the club would never allow itself to look tinpot...would it?

Re: Transfer embargo
 

Of course not - everything will be fine by then (or at least in the next couple of weeks) :rolleyes:

Re: Transfer embargo
 

In today's LET :

www.lancashiretelegraph/stanley

Re: Transfer embargo
 

In today's LET : Stanley Chief O'Neil waiting on embargo verdict

www.lancashiretelegraph.co.uk/stanley

Looks like just blank page but if you click on the 'news' tab, the link will work

Re: Transfer embargo
 

Seems its all still "Up in the air" reading that.:(

Re: Transfer embargo
 

Exactly - let me think when have we heard him being '99% sure' of something before ....... oh yes, just before he went to court last October :(

Re: Transfer embargo
 

Walt Disney made millions out of 'Mickey Mouse'. These two, O'Neill & Heys, should be billionaires.

Re: Transfer embargo
 

Don't you mean "just before he DIDN'T go to court last October"

Re: Transfer embargo
 

Sorry Jeff, slip of the keyboard :)
Anyhow, slightly different version from Rob Heys in today's Observer :

"The accountants came into the club on Tuesday and brought the final drafts.
They have been sent to Ilyas Khan and Peter Marsden (current directors before Khan steps down at next board meeting) to cast a quick look over but we don't anticipate any problems. Then they should be sent to Companies House and the embargo should be lifted"

Re: Transfer embargo
 

Heys says that the accounts have been sent to Ilyas & Peter. O'Neill says that the accounts have been sent to Companies House. Perhaps Heys & O'Neill should get together and decide which lie they are going to tell and then they can both tell the same one.

I have been sending accounts to Companies House for years and I have never had a response. Companies House NEVER respond to you lodging your accounts. So, if O'Neill is going to wait two or three weeks for a response that will take us up to Friday 13th August which is a week after the season kicks off “But there’s no panic."

Re: Transfer embargo
 

Oh dear. I do hope they are not going to send the draft to Companies House. If IK & PM do agree on the draft, they will then have to receive the final version which will in turn, have to be signed off by them in the Directors Report and on the balance sheet. Only then can it be sent to Cardiff.

Re: Transfer embargo
 

And i always thought "Mourino" was the "Special One"? seems i was wrong it must be "DoN":rofl38::rofl38::rofl38::rolleyes:

Re: Transfer embargo
 

the don is the league two special one