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Blues hit with transfer embargo after accounts delay

WYCOMBE have been slapped with a transfer embargo after failing to submit its annual accounts.

WYCOMBE have been slapped with a transfer embargo after failing to submit its annual accounts.

The club says it was unable to meet the deadline to provide their accounts for the year ending June 30, 2011, to Companies House because of the ongoing sale of Adams Park tenants London Wasps.

A club statement said: “Because of the uncertainty surrounding Wasps, the club have been unable to finalise the budget for the forthcoming season.

“The embargo will be lifted once the accounts have been filed and the audit has been completed. The club would like to reassure supporters that the matter will be resolved in the coming weeks.”

The transfer window is currently closed so the embargo will not affect Wycombe's season but the uncertainty has caused anger within supporter groups.

Wycombe Wanderers Trust directors David Robertson and Don Woodward both resigned from the club's board amid growing anger at the situation.

A trust statement said: “Both David and Don have committed significant time, expertise and energy to their roles as Main Board Directors over several years but are clearly unhappy at the Club’s inability to meet its’ stipulated financial regulatory needs.”

“We are confident our voice and influence in the club won’t be diminished by this action.

“As you know we have built excellent working relationships with the senior figures at the Club and it is these relationships which have given us the opportunity to influence operational issues and to have a much greater overall involvement.”

 

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