NEWS OF EMBARGO, PLAYERS AND DISPENSATION

Just been told its lifted!

Cheers Carl you just brightened my day up

ive only been reading this MB for the last 2 months, with the fallout with DJ and the reporters ive found news on my beloved club hard to come by.

until i came accross this MB that is. Pretty much every bit of news from the main guys seems to have been spot on!

keep up the good work guys, i appreciate it alot

nice one carl appreciate the texts wednsday and today keep it up mate.

oh and yes im back

people seem to forget the club is nearly £40m in debt with little income coming in...of course more embargos and winding-up petitions are on the horizon

Today has been a very busy day for City. The money has been in place to pay Charlton and the HMRC this week, but I understand that that there has been ongoing discussions with the Taxman as to how much of the outstanding amount is required to be paid to lift the embargo.

If the discussions are positive then the football league will be satisfied enough to lift the embargo immediately, with regards to the special dispensation given to the club to sign 3 players was actually for the Burton cup match and not for the league fixture, but if the embargo is lifted tomorrow then that dispensation is not required.

We have told you for a few days that Lee Naylor, Andy Keough are targets of the Dave Jones and I have been told again tonight that these 2 will sign, if the embargo is lifted. Also another player I have been told will come in is Olofinjana of Hull City.

Dave Jones was working hard to bring in Sam Vokes all week but obviously missed out on him to Bristol City.

News about Jason Koumas is that he is not currently fit and wont be for another 7-10 days.

Another bit of news is Jonathan Meades is not as yet registered with the club and not eligible to play for us.

TG told me today that he is trying to come over this weekend for the game but was not sure if it was possible.

PMG are due a payment of £2million in September and it is fact that a new deal was written out between PMG and the Club after the EGM in May.

With regards to Ray Ranson he is due a payment of a similar amount and the deal with him is, I believe the following : if the club sell any player then Ray Ranson's company gets a percentage of that transfer fee until the debt to his company is paid off; If the club do not sell a player then Autumn 2010 the company will receive a lump sum to reduce the debt and I believe that will be September also.

The club is working very hard to get over these hurdles but I beleive that if they can rid themselves of the embargo, enabling players to be registered and other signed, once they deal with Ranson and Guy then the club will have a bit of breathing space between now and the end of the year at which time Langston have to be dealt with.

This Autumn will see money coming in from the League which will help so hopefully we can start to concentrate on the playing side of the club and not whats happening with creditors and the Taxman.

Carl, are you teasing us?