Conference clubs charged for inaccurate financial reports
Mon 21st Mar 2011 | Money & Finance
Rushden & Diamonds Football Club have been charged by the Football Conference for allegedly submitting inaccurate financial information and have imposed sanctions on Redditch United under the same ruling.
At a Football Conference board meeting in London the decision was made to charge Rushden & Diamonds under Rule 18 for allegedly submitting inaccurate information relating to submissions made under the Football Conference’s financial reporting regulations.
A statement released by the Conference said; “The club was formally charged on 9th March and had fourteen days in which to respond. If requested by the club, a Personal Hearing will be conducted by independent members of the Competition, when the evidence will be considered.
“Arrangements for a Hearing will be made shortly.”
Redditch United met a Panel of independent members of the Football Conference, commissioned by the Board, on 27th January 2011 to consider a Misconduct charge under Rule 18.
The charge concerned an allegation of submitting misleading information in respect of financial reporting regulations.
As part of the findings of the commission the club was ordered to comply with certain conditions appertaining to information gleaned during the Hearing.
The club was advised failure to adhere to these conditions would result in the suspended sentence of a five-point deduction from its league table score, would be imposed.
On its own admission, Redditch United has failed to adhere to the instructions of the commission and the full sanction is now imposed with immediate effect.”
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