Embargo

[The Bedlington Terrier]

All we can do is wait and see sinkov.

I have an old haemorrhoid that's a bit like Mystic Meg, when it gets a whiff of something's wrong it starts getting itchy and it's now red raw.

[sinkov]

All we can do is wait and see sinkov.

I have an old haemorrhoid that's a bit like Mystic Meg, when it gets a whiff of something's wrong it starts getting itchy and it's now red raw.

I'm sure I've seen similar moves in Hollywood gangster movies BT.

I'd like to know the reason why Mr Pace has sacked off the previous auditors and appointed new ones, a bit of transparency would not go amiss, after all this is not an insignificant move without consequences, it's put us under a transfer embargo.

Just WTF is going on ?

[The Bedlington Terrier]

I'm sure I've seen similar moves in Hollywood gangster movies BT.

I'd like to know the reason why Mr Pace has sacked off the previous auditors and appointed new ones, a bit of transparency would not go amiss, after all this is not an insignificant move without consequences, it's put us under a transfer embargo.

Just WTF is going on ?

I'll ask the haemorrhoid and get back to you mon ami.

[Swissclaret]

I'm sure I've seen similar moves in Hollywood gangster movies BT.

I'd like to know the reason why Mr Pace has sacked off the previous auditors and appointed new ones, a bit of transparency would not go amiss, after all this is not an insignificant move without consequences, it's put us under a transfer embargo.

Just WTF is going on ?

I have replaced auditors several times in my career. It was always because they did not understand the business, did not understand the transactions being undertaken, and misunderstood the risk associated with them. The worst example was auditors who wanted to treat off-balance sheet transactions as on - balance sheet, thereby rendering the company insolvent!

With all due respect to any Accountants reading this, from my experience, if they do not understand they qualify their report. An unnecessary qualification can hamper attempts to attract outside investment, part of the policy of ALK.

The account may have been moved to an audit firm with a better knowledge of the football business and financial aspects like leveraging. Their risk assessment capabilities may, therefore, be more accurate leading to the removal of any unnecessary qualifications in the Report.

[The Bedlington Terrier]

I have replaced auditors several times in my career. It was always because they did not understand the business, did not understand the transactions being undertaken, and misunderstood the risk associated with them. The worst example was auditors who wanted to treat off-balance sheet transactions as on - balance sheet, thereby rendering the company insolvent!

With all due respect to any Accountants reading this, from my experience, if they do not understand they qualify their report. An unnecessary qualification can hamper attempts to attract outside investment, part of the policy of ALK.

The account may have been moved to an audit firm with a better knowledge of the football business and financial aspects like leveraging. Their risk assessment capabilities may, therefore, be more accurate leading to the removal of any unnecessary qualifications in the Report.

Thank you S_c. My worries are doused.

[sinkov]

I have replaced auditors several times in my career. It was always because they did not understand the business, did not understand the transactions being undertaken, and misunderstood the risk associated with them. The worst example was auditors who wanted to treat off-balance sheet transactions as on - balance sheet, thereby rendering the company insolvent!

With all due respect to any Accountants reading this, from my experience, if they do not understand they qualify their report. An unnecessary qualification can hamper attempts to attract outside investment, part of the policy of ALK.

The account may have been moved to an audit firm with a better knowledge of the football business and financial aspects like leveraging. Their risk assessment capabilities may, therefore, be more accurate leading to the removal of any unnecessary qualifications in the Report.

This is quite possible Swiss, but Azets is an International company with over 7,000 employees and over 90,000 clients in 15 different sectors. Maybe the Burnley job is too difficult for them and they can't cope, and their reservations about the situation at the club had nothing to do with their losing the gig.

[alfinyalcabo]

You're all worrying over something and nothing,we missed the date so what,it will be resolved next month.Hope the players don't worry about it like some of our supporters or we will have no chance tonight. Some people just like to be doom and gloom merchants don't they. 👌

[alfinyalcabo]

Huddersfield Town now been put under an embargo by those EFL
clowns. 🤣🤣

[Claret_Matelot]

I have heard through 'Semi-Official' channels that the issue was indeed the change of company auditors. ALK is a New York based company (Although they have a ghost office in Mayfair) who are established as - Sports, Finance, Management and Investment professionals.
The auditors were American based and totally familiar with the US Financial systems and the take over and investment of US based companies. They were struggling with the UK financial systems and specific requirements of the EFL so ALK decided to replace them with a UK based set of auditors who were familiar with the UK finacial and EFL requirements. This caused a delay in the submission of the books as they basically had to be re-written.

[The Bedlington Terrier]

I have heard through 'Semi-Official' channels that the issue was indeed the change of company auditors. ALK is a New York based company (Although they have a ghost office in Mayfair) who are established as - Sports, Finance, Management and Investment professionals.
The auditors were American based and totally familiar with the US Financial systems and the take over and investment of US based companies. They were struggling with the UK financial systems and specific requirements of the EFL so ALK decided to replace them with a UK based set of auditors who were familiar with the UK finacial and EFL requirements. This caused a delay in the submission of the books as they basically had to be re-written.

Sounds more than plausible to me C_M.