CCFC TRUST: THE APPARENT EMBARGO ‘ISSUE’

Trust Statement On Club Transfer Embargo
admin January 10, 2026


Trust News

Today has seen the publication of a transfer embargo on our club by the EFL which has obviously caused a high degree of concern to all of us as supporters.

Having investigated the matter, both at club board level and elsewhere, the cause of this problem has been as follows:

It has been an administrative issue at the club’s auditor which delayed the filing of the 2025 audited account where there was a change at short notice in partner to sign off the audit report. This has been rectified and the accounts will now be signed off early next week and the embargo notice withdrawn.

The club has confirmed that the embargo, because of the reason for it, has had no adverse impact on the club’s transfer plans for this month which continue to be progressed

Just to stress that the embargo is no reflection of the club’s financial position. It continues to be fully compliant with the EFL financial fair play rules and has headroom within them to support the manager in his transfer plans this month.

Trust Board

The club should never have been in a situation where a change in auditor at the last minute could cause such an issue. The accounts should have been signed off at least a month or so before the dead line just in case such a problem arose.

complete incompetence

So the clubs auditors are at fault. It's not a great look but this is a long way from angst on this forum suggesting all sorts about Tan etc. Let's judge the club at the end of the window, not on Jan 10th.

So the clubs auditors are at fault. It's not a great look but this is a long way from angst on this forum suggesting all sorts about Tan etc. Let's judge the club at the end of the window, not on Jan 10th.

How many times can we as fans give the benefit of the doubt to Tan, Dalman and Choo. Will it ruin the window or the season probably not but it's another f**k up in a long line of f**k ups

So the clubs auditors are at fault. It's not a great look but this is a long way from angst on this forum suggesting all sorts about Tan etc. Let's judge the club at the end of the window, not on Jan 10th.

How many times can we as fans give the benefit of the doubt to Tan, Dalman and Choo. Will it ruin the window or the season probably not but it's another f**k up in a long line of f**k ups

Exactly how many times??????

. They have


So the clubs auditors are at fault. It's not a great look but this is a long way from angst on this forum suggesting all sorts about Tan etc. Let's judge the club at the end of the window, not on Jan 10th.

Its the fault of the club for not ensuring that the accounts are ready to be audited and in a position to be signed to cover the eventuality that an auditor may need to be replaced due to illness, death etc.
Given the importance of the deadline and the fact that they have had 7 months since the year end to sort it out they should not have left it til now. The accounts are the clubs responsibility
,

Thats no excuse, we all know the the club is run by incompetent people, the owner, board and senior business management need to go or nothing will change. I hope a new owner brings in their own competent senior management to run the club. Tan out.

Thats no excuse, we all know the the club is run by incompetent people, the owner, board and senior business management need to go or nothing will change. I hope a new owner brings in their own competent senior management to run the club. Tan out.

Agree.

. They have


So the clubs auditors are at fault. It's not a great look but this is a long way from angst on this forum suggesting all sorts about Tan etc. Let's judge the club at the end of the window, not on Jan 10th.

Its the fault of the club for not ensuring that the accounts are ready to be audited and in a position to be signed to cover the eventuality that an auditor may need to be replaced due to illness, death etc.
Given the importance of the deadline and the fact that they have had 7 months since the year end to sort it out they should not have left it til now. The accounts are the clubs responsibility
,

I thought the auditor ate to much xmas pudding

Considering the consequences on a football club in not meeting a filing deadline, this is pretty scandalous on the auditors behalf. Guessing the partner in question was on a 2 month cruise with no stopovers. The auditors clearly require an increased number of partners. Having said all that why on earth has the club left the audit process so late in the day!

Do we have a CFO and if so wouldn't this be in their remit?

Ultimately the buck stops at the top because who ever it is was employed by someone & they were employed by the 3 clowns and at least one of them should have known about it & stepped in.

Considering the consequences on a football club in not meeting a filing deadline, this is pretty scandalous on the auditors behalf. Guessing the partner in question was on a 2 month cruise with no stopovers. The auditors clearly require an increased number of partners. Having said all that why on earth has the club left the audit process so late in the day!

No. This is pretty poor taste given the reason the auditor was no longer able to finish auditing the club.

I don’t think it is in poor taste. We can all sympathise with whatever the reason was that it wasn’t signed off but an auditor, especially, should have procedures in place to resolve any eventuality. It’s purely professional procedures, not personal at all.

The club should never have been in a situation where a change in auditor at the last minute could cause such an issue. The accounts should have been signed off at least a month or so before the dead line just in case such a problem arose.

complete incompetence

Spot On .

Considering the consequences on a football club in not meeting a filing deadline, this is pretty scandalous on the auditors behalf. Guessing the partner in question was on a 2 month cruise with no stopovers. The auditors clearly require an increased number of partners. Having said all that why on earth has the club left the audit process so late in the day!

No. This is pretty poor taste given the reason the auditor was no longer able to finish auditing the club.

What was the reason for the auditor being unable to finish the accounts?

I haven’t seen an actual reason beyond the ‘late notice’ comment, but it may have been for a business or personal reason? I’m not sure which?

Considering the consequences on a football club in not meeting a filing deadline, this is pretty scandalous on the auditors behalf. Guessing the partner in question was on a 2 month cruise with no stopovers. The auditors clearly require an increased number of partners. Having said all that why on earth has the club left the audit process so late in the day!

No. This is pretty poor taste given the reason the auditor was no longer able to finish auditing the club.

What was the reason for the auditor being unable to finish the accounts?

I haven’t seen an actual reason beyond the ‘late notice’ comment, but it may have been for a business or personal reason? I’m not sure which?

Auditor is seriously ill

Considering the consequences on a football club in not meeting a filing deadline, this is pretty scandalous on the auditors behalf. Guessing the partner in question was on a 2 month cruise with no stopovers. The auditors clearly require an increased number of partners. Having said all that why on earth has the club left the audit process so late in the day!

No. This is pretty poor taste given the reason the auditor was no longer able to finish auditing the club.

What was the reason for the auditor being unable to finish the accounts?

I haven’t seen an actual reason beyond the ‘late notice’ comment, but it may have been for a business or personal reason? I’m not sure which?

Auditor is seriously ill

Thanks for that, I genuinely wasn’t aware!

Doesn’t make the club being put under embargo any better, particularly the tightness of the accounts being ready, but it does provide some clarity and unfortunate circumstances occasionally occur

A person being seriously ill in a business is sad, but not an excuse.There should be a business continuity plan in place to address such situations. Any credible business model should have one, or at least a secondary person to cover key roles. CCFC is run by clowns.

A person being seriously ill in a business is sad, but not an excuse.There should be a business continuity plan in place to address such situations. Any credible business model should have one, or at least a secondary person to cover key roles. CCFC is run by clowns.

I agree with this. Hope that the auditor has a speedy recovery.

But as you say, shouldn't be used as an excuse for the reasons you've given.

A person being seriously ill in a business is sad, but not an excuse.There should be a business continuity plan in place to address such situations. Any credible business model should have one, or at least a secondary person to cover key roles. CCFC is run by clowns.

I agree with this. Hope that the auditor has a speedy recovery.

But as you say, shouldn't be used as an excuse for the reasons you've given.

The company auditing have assigned it to someone inexperienced. Could've withdrawn from their services completely, but that would've harmed the situation further as the new auditor would've had to have started from scratch.

A person being seriously ill in a business is sad, but not an excuse.There should be a business continuity plan in place to address such situations. Any credible business model should have one, or at least a secondary person to cover key roles. CCFC is run by clowns.

I agree with this. Hope that the auditor has a speedy recovery.

But as you say, shouldn't be used as an excuse for the reasons you've given.

The company auditing have assigned it to someone inexperienced. Could've withdrawn from their services completely, but that would've harmed the situation further as the new auditor would've had to have started from scratch.

Nightmare for all concerned!

Thankfully, looks like it’s being sorted, but lessons for all concerned going forward!

A person being seriously ill in a business is sad, but not an excuse.There should be a business continuity plan in place to address such situations. Any credible business model should have one, or at least a secondary person to cover key roles. CCFC is run by clowns.

I agree with this. Hope that the auditor has a speedy recovery.

But as you say, shouldn't be used as an excuse for the reasons you've given.

The company auditing have assigned it to someone inexperienced. Could've withdrawn from their services completely, but that would've harmed the situation further as the new auditor would've had to have started from scratch.

Sounds like the club need to change the.auditing company if they're going to assign something as important as the club's accounts to "someone inexperienced".

Let's hope that the tea lady or whoever has been assigned the role at the auditing company know what they're doing.

Hope the original auditor gets well soon but the company is hardly covering itself in glory.

A person being seriously ill in a business is sad, but not an excuse.There should be a business continuity plan in place to address such situations. Any credible business model should have one, or at least a secondary person to cover key roles. CCFC is run by clowns.

I agree with this. Hope that the auditor has a speedy recovery.

But as you say, shouldn't be used as an excuse for the reasons you've given.

The company auditing have assigned it to someone inexperienced. Could've withdrawn from their services completely, but that would've harmed the situation further as the new auditor would've had to have started from scratch.

Sounds like the club need to change the.auditing company if they're going to assign something as important as the club's accounts to "someone inexperienced".

Let's hope that the tea lady or whoever has been assigned the role at the auditing company know what they're doing.

Hope the original auditor gets well soon but the company is hardly covering itself in glory.

Inexperienced in auditing football clubs, that is. Nightmare scenario for both parties really.