PL charge City for alleged breaches of financial rules

Interesting timing to publish our accounts. Interesting wording or non wording whichever way you look at it . Deffo a bit of the two fingered salute from the club going on there !
Everyone will have their own perception obviously !
 
halfcenturyup said:
Fair enough, but what is the rule these days for disclosing a contingent liability if it is possible to crystallise, ie more than unlikely but less than probable (requiring a provision)?

In my days it would have to be disclosed in the note without a number iirc.

But those days were a while ago :)
Click to expand...
Haha, not going to claim to deal with this daily, but it's not been too long since I last came across it!

So contingent has to be both likely and reasonably estimated, and then have to be provided for. Possible outcomes just need to be noted (so I guess this is potentially why they've been omitted, as its not even a possibility any longer).

I guess my point, was more that it wasn't disclosed at all last year, and isn't this year. The fact it was in going concern last year is just bizarre as I don't think it would have prevented us from operating in the future, so I'm not going to read too much into them taking it out of there.

As someone else mentioned, it's very interesting timing, almost as though they've held off issuing these results until now. I want to add 2 and 2 together and get the right answer, I'm just conscious that it might actually be more of the way both boxers put their arms up after a 12 round fight to influence the judges!

I hate the fact I choose to spend time on a football forum talking about Accounting!
 
handsofstone said:
Expecting a points deduction that's manageable, between 10-20 points, a fine thays manageable and maybe a transfer ban or limit

Doubt we get relegated and doubt we get our titles stripped

Hopefully this sets a rocket up the board so they decide to make us the best team in the world again, no more pandering to neutrals about our net spend and sustainability... let's get aggressive
Click to expand...
So to be clear you're saying we've done what the PL are alleging we've done?
 
halfcenturyup said:
Here is a thing.

View attachment 140483


I could have sworn when I looked last Friday it had an update copy dated December 6?

Has it been removed? Or am I getting senile?
Click to expand...

Very interesting. I just downloaded the handbook from the PL website and it's the July handbook without any of the changes approved by the clubs in November. Last week you could download the new amended version.

Does this mean it's been withdrawn? Because if it has, all hell is about to break loose ......

Can somebody else try to see which version they get?
 
handsofstone said:
Expecting a points deduction that's manageable, between 10-20 points, a fine thays manageable and maybe a transfer ban or limit

Doubt we get relegated and doubt we get our titles stripped

Hopefully this sets a rocket up the board so they decide to make us the best team in the world again, no more pandering to neutrals about our net spend and sustainability... let's get aggressive
Click to expand...
Really, I’m expecting full exoneration and Masters arse on a plate.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.