y2johnny wrote:Just out of interest had anyone on here ever tried to have a transfer embargo lifted? Is it just as simple as showing the books? Maybe they need to update the books and show they are in a better position before showing them to get the embargo lifted. I don't think it is as simple as that, as showing the books now may mean a lengthier spell of being banned from transfers. Where as if they wait and get their shit together and the club on a better financial footing then it may not come to that.
So in answer to why it hasn't been sorted yet, imo, it's because there is other things to sort so we aren't left worse off
IIRC, I'm sure something was said that it was more or less just a technicality.
The way I remember it (and I've not looked back to check) goes something like this.
In order to sign off the accounts a statement about the clubs ability to trade over the following twelve months had to be made but with Davies pulling the plug on his future involvement and the club at the time not being sold, that statement could not be made. This it turn meant according to the Football Leagues rules we were placed on a transfer embargo.
To lift the embargo therefore the now new owners needed to submit the accounts - which are according to Companies House still outstanding.
As far as I can understand nothing much can happen until the accounts up to June 15 are first sorted out and submitted.
I did say more or less this several weeks back but seemed to take a lot of stick at the time from some for being so negative (I was simply being factual - no hidden agenda - but for the sake of argument or upsetting anyone I have backed off commenting too much about the finances since).
Personally I can't see much benefit in appointing any manager until the accounts are sorted out unless the club goes down the route of having a 'coach manager' - ie someone who makes the best of the players he is presented with and has no say (or very little) on transfers in or out.
Holdsworth and Phillips are both at the club and have held league managerial positions and so to has Reid although I don't know if or how he is tied to the club - so right now I can see the logic in not having the need to jump for a manager as they can't offer them anything in way of a transfer budget and seemingly having to sell any player we can. They might as well save the budget for a managers post as long as they can - and if push comes to shove go in house again.
There are one or two other things that I could speculate on (and on the ST too!) but I 'get' that a growing number feel that they don't want to read what they may perceive to be 'negative' issues after the long and depressing season that we have suffered, so I will save them for another day or will gladly pm them on to anybody who may wish to hear them.