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I don't think they are changing the accounting period of the business just that the clubs have to produce a set of accounts for the football year. Therefore your suggestion about changing the period to the end of August would apply because the season has already started. As yet, I haven't...

The accounting period will be for the football season 2013/14. Clubs know this. I'm not sure that necessary means they have to change when they file their company accounts to Company House as that is a totally separate issue.

Try reading my post again!!!!!!!

Surely you appreciate that this is a new system and therefore there has to be a lead in time. Irrespective of when they file their company accounts, they have to submit accounts to the league by 1st December and when this happens next year, the first transfer embargoes will be imposed from 1st...

Not relevant as clubs now have to submit accounts to the league by 1st of December.

Having watched Attilla's onstage interview with Paul Barber I was intrigued to understand what the penalties are for clubs if they if they fail the FFP test. Seems that if you gamble and overspend in an attempt to get out of the division and succeed, you are rewarded for your endeavours. This...