Does anyone know how far away this is from being lifted?

2510 wrote: ↑

Thu Mar 30, 2023 11:20 am

Does anyone know how far away this is from being lifted?

No, no one knows ive seen this question 3 times now the only people who know are the board who in their statement made clear it should be before the of April.

Does it even matter
The windows not open for months

Probably when we get promoted out of the EFL..

As long as it's sorted before the summer window that's all that really matters.

tiger76 wrote: ↑

Thu Mar 30, 2023 3:33 pm

As long as it's sorted before the summer window that's all that really matters.

Technically it doesn't matter whether it's lifted by then or not as the PL does not recognise an EFL embargo. However, the last team that failed to clear it when they got promoted had their punishment more than doubled after they were relegated back to the EFL.

it does matter it is an embarrassment to be under an embargo.
My clubs reputation matters to me

It’s an EFL ban why are people bothered? We went up in 08/09 with one and nobody batted an eyelid then.

Doubt we will learn anything for a month, with the club buying time from its last statement/announcement

Spike wrote: ↑

Thu Mar 30, 2023 4:40 pm

it does matter it is an embarrassment to be under an embargo.
My clubs reputation matters to me

Nothing like a good over reaction to brighten the day

bfcmik wrote: ↑

Thu Mar 30, 2023 4:13 pm

Technically it doesn't matter whether it's lifted by then or not as the PL does not recognise an EFL embargo. However, the last team that failed to clear it when they got promoted had their punishment more than doubled after they were relegated back to the EFL.

That is just wrong, and I have seen it repeated a number of times now across a number of platforms- it has been true in the past (Leicester, QPR, Bournemouth etc) but has been different for a few years now - EFL changed their own rules to align with the Premier League so that such sanctions could be passed through, it works in reverse for relegated teams to.

All this was explained on the original embargo thread - even Kieran Maguire has said the embargo could be passed through if the issue is not resolved

All this just shows how much is misunderstood about how the game and the regulations that operate around it have evolved and are still evolving - there are quite a number of changes that are coming down the line for next season that are going to affect the way clubs operate and all this is before we have an independent regulator of football.

Milltown1882 wrote: ↑

Thu Mar 30, 2023 4:47 pm

It’s an EFL ban why are people bothered? We went up in 08/09 with one and nobody batted an eyelid then.

We didn't know in 08/09.

Spike wrote: ↑

Thu Mar 30, 2023 4:40 pm

it does matter it is an embarrassment to be under an embargo.
My clubs reputation matters to me

Barely anybody outside of the football club gives a flying.

Swizzlestick wrote: ↑

Thu Mar 30, 2023 5:16 pm

Barely anybody outside of the football club gives a flying.

But you read what Chester has written and it definitely does matter. For me, if it drags on to anywhere near the end of the season, questions will be asked. If the auditors can't sign the accounts off in a few months from now you have to wonder why? I'm hoping it will be soon sorted that's for sure.

Plus, it will stop all the thick, non-Burnley fans saying we have cheated and broke FFP rules

I'm guessing the answer to this could be 'millions of reasons'.. but for those who know about this stuff, why would an auditor be reluctant to sign off accounts?

Spike wrote: ↑

Thu Mar 30, 2023 4:40 pm

it does matter it is an embarrassment to be under an embargo.
My clubs reputation matters to me

My club
Soz

Goodclaret wrote: ↑

Thu Mar 30, 2023 5:30 pm

But you read what Chester has written and it definitely does matter. For me, if it drags on to anywhere near the end of the season, questions will be asked. If the auditors can't sign the accounts off in a few months from now you have to wonder why? I'm hoping it will be soon sorted that's for sure.

Plus, it will stop all the thick, non-Burnley fans saying we have cheated and broke FFP rules

it wont drag on past april though as the club have stated and Kompany reiterated Kompany an individual who the club would not dare lie to and to put it simply who is not an idiot. He came here because our board gave him a vision and he trusted them for once after everything they have done for this clubs reputation, TRUST THE BOARD.

NottsClaret wrote: ↑

Thu Mar 30, 2023 5:36 pm

I'm guessing the answer to this could be 'millions of reasons'.. but for those who know about this stuff, why would an auditor be reluctant to sign off accounts?

theirs no evidence to suggest they are its just a manufactured narrative that may or may not be true. But for clarity likelyhood would be skewiff numbers e.g. an assets value being misrepresented.

I just hope the loan players that they hope to keep,aren’t being kept in the dark,I don’t think Vincent Kompany would be too pleased with the board if there were problems come May.

daveisaclaret wrote: ↑

Thu Mar 30, 2023 5:10 pm

We didn't know in 08/09.

It was a few years afterwards, it got leaked out, wasn't it?

HistoricalClaret wrote: ↑

Thu Mar 30, 2023 5:47 pm

it wont drag on past april though as the club have stated and Kompany reiterated Kompany an individual who the club would not dare lie to and to put it simply who is not an idiot. He came here because our board gave him a vision and he trusted them for once after everything they have done for this clubs reputation, TRUST THE BOARD.

"Quis custodiet ipsos custodes?"

https://en.wikipedia.org/wiki/Quis_cust ... r%20duties.

NottsClaret wrote: ↑

Thu Mar 30, 2023 5:36 pm

I'm guessing the answer to this could be 'millions of reasons'.. but for those who know about this stuff, why would an auditor be reluctant to sign off accounts?

Millions of reasons...

Off the top of my head, with no inside knowledge, main guesses would be the intercompany loan that was used to buy the club and whether it should be impaired or some similar matter related to the group structure.

Or, and this wouldn't surprise me, some form of delay in the AML/KYC checks meaning everything just got off to a late start.

Or something entirely different.

aggi wrote: ↑

Sun Apr 02, 2023 5:25 pm

Millions of reasons...

Off the top of my head, with no inside knowledge, main guesses would be the intercompany loan that was used to buy the club and whether it should be impaired or some similar matter related to the group structure.

Or, and this wouldn't surprise me, some form of delay in the AML/KYC checks meaning everything just got off to a late start.

Or something entirely different.

Just posted on the agents’ fees thread then saw this: could it also be that the new auditors have concerns about how payments for agents fees have been structured over a number of years? Who knows, it’s all speculative, and I guess we’ll find out in due course.

Dingo wrote: ↑

Sun Apr 02, 2023 7:19 pm

Just posted on the agents’ fees thread then saw this: could it also be that the new auditors have concerns about how payments for agents fees have been structured over a number of years? Who knows, it’s all speculative, and I guess we’ll find out in due course.

It's possible but I'd be surprised if that was the case. It's an area that's a bit of a judgement call so long as the club can justify their stance (which is likely).

Just noticed that Huddersfield town are no longer under transfer embargo

https://www.efl.com/-more/governance/embargoes/

I have not seen their accounts released yet - but obviously the EFL are now happy as they run through the takeover process

Chester Perry wrote: ↑

Thu Apr 13, 2023 7:46 pm

Just noticed that Huddersfield town are no longer under transfer embargo

https://www.efl.com/-more/governance/embargoes/

I have not seen their accounts released yet - but obviously the EFL are now happy as they run through the takeover process

Yorkshire Live reported transfer embargo lifted earlier today.

Also reports Huddersfield's accounts filing at Companies House has been put back to end of June.