PREMIER LEAGUE

PREMIER LEAGUE RULES: SECTION E
CLUBS: FINANCE AND GOVERNANCE
SECTION E: CLUBS – FINANCE
Power to Inspect Old Rule
E.1. The Board either by itself or by any person appointed by it shall be empowered to
inspect the financial records of any Club which it reasonably suspects has acted in
breach of these Rules.
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Club Bank Accounts Old Rule
E.2. Each Club shall submit to the Secretary Form 2 signed by 2 Directors of the Club
and specifying a bank account, to be in the name of and controlled by the Club,
into which the League shall pay monies due to the Club from the League in
accordance with and subject to these Rules save that if that Club has assigned its
entitlement to such monies or any part of them, payment will be made by the
League as directed in the assignment.
Submission of Club Accounts Old Rule
E.3. Each Club shall by 1st March in each Season submit to the Secretary a copy of its
annual accounts in respect of its most recent financial year or if the Club considers
it appropriate or the Secretary so requests the Group Accounts of the Group of
which it is a member (in either case such accounts to be prepared and audited in
accordance with applicable legal and regulatory requirements) together with a
copy of the directors’ report for that year and a copy of the auditors’ report on
those accounts.
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E.4. The accounts referred to in Rule E.3 shall:
E.4.1. include separate disclosure within the balance sheet or notes to the
accounts, or by way of supplementary information separately reported on
by its auditors by way of procedures specified by the Board, of the total sums
payable and receivable in respect of Compensation Fees, Contingent Sums
and Loan Fees;
E.4.2. include a breakdown within the profit and loss account or the notes to the
accounts, or by way of supplementary information separately reported on
by its auditors by way of procedures specified by the Board, of revenue in
appropriate categories such as gate receipts, sponsorship and advertising,
broadcasting rights, commercial income and other income.
E.5. If the auditors’ report on the accounts submitted pursuant to Rule E.3 contains
anything other than an unqualified opinion without modification, the Club shall
at the Board’s request submit such further documentary evidence as the Board
shall require (including but not limited to Future Financial Information).
E.6. If the annual accounts of a Club or Group Accounts submitted pursuant to Rule E.3
are prepared to a date prior to 30th November in the Season of submission, such
Club or Group shall by the following 31st March submit to the Secretary interim
accounts covering the period commencing from its accounting reference date and
ending on a date between the following 30th November and 1st March.
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