Even The Most Basic SFA License Relies On Audited Accounts … Which As Yet Are Not Forthcoming.
The SFA can’t just pretend none of this is going on over there.
Especially – and this is crucial to the whole thing – especially as the club has yet to release annual accounts, which is quite incredible with all this going on.
They now have 15 days to do that as well, or the UEFA license issue is over and done with before it even starts.
Nobody who has done the slightest research on this subject believes the accounts will be anything short of horrendous.
There are good reasons why Dave King wanted to take the club from under the umbrella of stock market scrutiny.
One of them is that he wanted to avoid the kind of frank disclosure that would have gone with that.
He can, thereby, conceal as much as possible under “other operating expenses” and stuff like that … a little bit, as Phil reminded me recently, like those oblique ways in which the Pentagon hides its expenditures by “paying” £20,000 for a toothbrush.
But it doesn’t matter how you try to disguise outgoings, they remain outgoings in the accounting process and when the club is forced to issue them – and remember, that has to be before the end of this month – there will be no escaping the horror of the picture they paint.