....plus the impact of ticket deals on Groupon.
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[Football] Premier League club has striking off order from Registrar of Companies. Who could it be?
- Thread starter El Presidente
- Start date
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lawros left foot
Glory hunting since 1969
Is there only one copy of the accounts?
When my accountant does my accounts, I get a copy, he gets a copy, and HMRC gets a copy. I would suggest you advise your club to invest some of your ‘small profit’ in a photocopier, then you can send a copy each to the PL, and to Company House, everyone’s happy!
You have not been charged for this advice.
Eggman
Well-known member
You wouldn't be paid even if you did charge.
Think PL have to review and approve first (just to make sure no PL rules broken, which I'm sure they haven't....)
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clapham_gull
Legacy Fan
- Aug 20, 2003
- 25,307
Ha ha ha.The first paragraph you have just made up a load of nonsense as you have no actual idea why the accounts have been submitted late, Well played.
The second is laughable - you lot racked up £40m in debts last season alone, More than palace ever have in our entire 113 year history. Some may suggest a complete lack of self-awareness.
That's right, Palace deal with their debts with a CVA.
The millions owed suddenly disappear into £1 in the pound.
When people ask me why our rivals are based in London I reply what's even stranger is that our rivalry is with an 8 year old football club.
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Why would the Premier League need to see your accounts before they are submitted to companies house? They will need to see them for FFP purposes but don’t need to approve them surely? They should just be a statement of facts.
clapham_gull
Legacy Fan
- Aug 20, 2003
- 25,307
Simon Jordan lost a £75 million pound fortune. If you read reports / interviews it is estimated at least half of that was done to the football.
Goldberg lost a £40 million pound fortune. He paid 23.8m for the club.
2 administrations, the worst ground in the Premier League and they come on here and lecture us on OUR finances.
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Goldberg lost a £40 million pound fortune. He paid 23.8m for the club.
2 administrations, the worst ground in the Premier League and they come on here and lecture us on OUR finances.
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Errr .... accounts sent to Companies House by a limited company don't need Premier League approval. The only thing the PL are interested in is FFP and doesn't prevent a club sending their accounts to Companies House as per the law .... unless of course they've lied in the FFP accounts and the full accounts will show this and thus prove they've cheated.
lawros left foot
Glory hunting since 1969
- Apr 5, 2014
- 23,530
The EPL are not auditors. Why would they need to see the accounts before they are filed ? If the club auditors are happy then they get sent off to Companies House and whoever else wants them. I don't get it.
That said, the club will just be fined and the matter will be resolved quickly.
Easy 10
Brain dead MUG SHEEP
The first paragraph you have just made up a load of nonsense as you have no actual idea why the accounts have been submitted late, Well played.
The second is laughable - you lot racked up £40m in debts last season alone, More than palace ever have in our entire 113 year history. Some may suggest a complete lack of self-awareness.
The first paragraph is just speculation on my part. I haven't attempted to present it as fact, just as a possible reason. The likelihood of the missing accounts could be due to a big hole in your FFP. Thats fairly plausible IMO. Time will tell I suppose (unless you're dissolved).
YOUR second paragraph is the laughable one. Firstly, you conveniently ignore the fact that the amount of debts your club has had written off DWARFS the £40m losses BHA made that season. Secondly, that £40m you bang on about is losses - not debt to other people. Its money that was paid out, ie covered, by this bloke at BHA who's name escapes me, but he's got a few bob. Nobody outside of BHAFC is out of pocket.
You see sometimes when you actually PAY your bills, you end up making losses. I appreciate that paying bills is not a concept CPFC2010 are overly familiar with though, so I know how confusing this must be for you.
fosters headband
Well-known member
Wonderful news, now a threat of closure
https://www.bbc.co.uk/sport/football/44332192
https://www.bbc.co.uk/sport/football/44332192
Red'n'Blue
New member
- Jan 6, 2011
- 1,626
"However, BBC Sport understands the delay is down to a technical issue and will be resolved imminently."
That's some technical issue
fosters headband
Well-known member
Technical issue being the accounts don't add up ?
The PL don’t need to see them first......but they do have a number of other requirements........never realised there were so many. Page 117 onwards if anyone is bored
https://pulse-static-files.s3.amazo...f0-c2abbd6a6f4b/PL_Handbook_2017-18_FINAL.pdf
"However, BBC Sport understands the delay is down to a technical issue and will be resolved imminently."
That's some technical issue
Maybe their QuickBooks subscription expired??
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
"However, BBC Sport understands the delay is down to a technical issue and will be resolved imminently."
That's some technical issue
Excellent, a Palace fan who isn’t trying to bluff and bluster through the ineptitude of his club to file their accounts on time
Pavilionaire
Well-known member
- Jul 7, 2003
- 30,566
"However, BBC Sport understands the delay is down to a technical issue and will be resolved imminently."
That's some technical issue
More lies. Nothing technical holds up the e-filing of a set of accounts with Companies House for this long. It will be a combination of audit queries and boardroom ineptitude.
Most of the near 40m is depreciation of assets and you will know that is an accounting amount and not an actual loss of hard cash. Your assets are no where near the worth of ours in accounting terms (and real terms come to that)