TAX BILLS AND EMBARGO'S

A glimmer of good news at last i am still of the opinion that 3 decent additions to the squad in the right positions wether loanees or not along with keeping all the rest of the players would mean another shot at the play Offs (Although i don't know if i could go through that again )

Then if we were in a decent position in January with Malaysians possibly in control of the Club then further investment could mean a shot at automatic promotion.

Feeling more optimistic tonight but with all the mixed messages flying around at the moment i might be back in deep depression tomorrow

Cmon TG lets get the season started.

This just shows that the Malaysians are behind the club 100%! Cant wait for the embargo to be liftedf and to sign some players because we need strength and depth which has been our problem over the last couple of seasons!

Igoverner I was told this in the middle of Borley's hour last night and it was said to me that everything that needs settling ie. tax and other issues will be resolved to lift the embargo. You may well be correct that the only piece left to settle the embargo maybe Charlton but I would think that the tax for May needs to be paid along with Mothwell.

One months tax was paid leaving us 2 month in arrears and the HMRC were satisfied therefore the embargo could be lifted, but then the Charlton and Motherwell scenario arose and the embargo remained, but since then Junes tax has been due also so again we are 3 months in arrears so im sure the HMRC will not be satisfied again so it could well be due to the tax as well as money owing to the other clubs, correct me if im wrong.

The tax bill HMRC were petitioning for was £1.3m , which equates to 2 months` PAYE/NI , April and May 2010 , which are peak liability months as they include end of season bonuses for the playing squad (plus we had a higher than expected May bill due to reaching the play-off final).

It has already been confirmed that the Month 1 (i.e April) debt was paid , leaving just May (payable 19 June) and June (only just becoming payable earlier this week) outstanding.The June bill will be considerably less than April or May as it was for a non-playing month (as will July`s bill) That led to HMRC agreeing to withdraw their petition.

The accounts were filed for May 2009 and agreement was reached with Sunderland re the balance due on Chopra`s transfer, so that only leaves the Charlton and Motherwell transfer fee matters to be sorted to lift the embargo.

Keith

I've heard that other current directors have also put money in towards the wages. Has anyone else heard the same ?

No one will sell players to us though unless it's all paid up front.

Carl thats cracking news mate!! but i thought on your other post they said the embargo wont be lifted easily until middle of august!! What do you think is more likely!!

It was my opinion that it would not be paid until we were into August but I have been told last night that the money will be there this weekend.

thanks for clearing that up mate!!

Carl thats cracking news mate!! but i thought on your other post they said the embargo wont be lifted easily until middle of august!! What do you think is more likely!!

It was my opinion that it would not be paid until we were into August but I have been told last night that the money will be there this weekend.

thanks for clearing that up mate!!

No problem, others have an issue in what I believe and what I am told, they cant seem to seperate the two.

quote]No problem, others have an issue in what I believe and what I am told, they cant seem to seperate the two.[/quote]

people get carried away with both what you believe & what you have been told, and then get confused between them!!.

as soon as you here if that money goes through let us know mate!! (i know you will!!)

quote]No problem, others have an issue in what I believe and what I am told, they cant seem to seperate the two.

people get carried away with both what you believe & what you have been told, and then get confused between them!!.

as soon as you here if that money goes through let us know mate!! (i know you will!!)[/quote]

As always

speaking to one of the stadium main fit out contractors today and he said that the malaysians had been paying the monthly payments and todate have recieved 250 k of whats owed ,they seemed really happy ,this is also what tg and co are doing they seem to be going about business quitely im for one glad we have them

speaking to one of the stadium main fit out contractors today and he said that the malaysians had been paying the monthly payments and todate have recieved 250 k of whats owed ,they seemed really happy ,this is also what tg and co are doing they seem to be going about business quitely im for one glad we have them

Great hear Wez

speaking to one of the stadium main fit out contractors today and he said that the malaysians had been paying the monthly payments and todate have recieved 250 k of whats owed ,they seemed really happy ,this is also what tg and co are doing they seem to be going about business quitely im for one glad we have them

Thats the key.

bit by bit things are getting sorted out.

The club is was taekn to the brink of insolvency by first sam, then Ridsdale.

Its only through an amazing stroke of luck that we've got a club at all now.

Its going to take a while to clear the mess up and we need to give them our full support -

I understand that money is being put into the club by the Malaysians over this weekend that will see the tax bill finally settled and also that will see the transfer embargo lifted on us.

I have been told that Dave Jones has players identified and will look to bring them in as soon as possible.