PREMIER LEAGUE

PREMIER LEAGUE RULES: SECTION E
SECTION E: CLUBS – FINANCE
E.12. The Future Financial Information shall:
E.12.1. be prepared in accordance with the accounting principles adopted in the
preparation of the Club’s annual accounts (except where the accounting
principles and policies are to be changed in the subsequent annual
accounts, in which case the new accounting principles and polices should
be followed); and
E.12.2. be approved in writing by the board of directors of the company to which
they relate; and
E.12.3. to include in the explanatory notes thereto principal assumptions and
risks; and
E.12.4. include for comparison profit and loss accounts for the period covered by
the annual accounts and interim accounts submitted pursuant to Rules E.3
and E.6, a forecast for the current financial year and a balance sheet as at
the date of the interim accounts submitted pursuant to Rule E.6.
E.13. Each Promoted Club shall by 30th June in the year of its promotion submit to
the Secretary:
E.13.1. copies of the documents and other information that it would have been
required to submit to the Secretary pursuant to Rules E.3, E.6 and E.9 by
1st March of that year had it then been a member of the Premier League;
E.13.2. Future Financial Information commencing from 1st July in the year of its
promotion and expiring on the Club’s next accounting reference date after
the end of the following Season; and
E.13.3. any further documentary evidence required pursuant to Rules E.5 and E.8.
E.14. The Board shall have the powers set out in Rule E.15 if:
E.14.1. the Club has failed to submit to the Secretary annual accounts as required
by Rules E.3 and E.4 or Rule E.13; or
E.14.2. the Club has failed to submit to the Secretary interim accounts as required
by Rule E.6 or Rule E.13; or
E.14.3. the Club has failed to submit to the Secretary the Future Financial
Information as required by Rule E.11 or Rule E.13; or
E.14.4. the Board has asked the Club to submit further documentary evidence
pursuant to Rule E.5, Rule E.8 or Rule E.13 and the Club has failed to do so; or
E.14.5. the Club has failed to satisfy the Board that no sums of the kind set out in
Rule E.9 (and subject to Rule E.10) were overdue as at the preceding
31st March; or
E.14.6. the auditors’ report on the annual accounts or interim accounts of the Club
or the Group submitted pursuant to Rule E.3 and Rule E.6 respectively or
Rule E.13 contains anything other than an unqualified opinion without
modification; or
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