PREMIER LEAGUE

SECTION E: CLUBS – FINANCE
PREMIER LEAGUE RULES: SECTION E
E.13.
E.14.
E.12.2.
E.12.3.
E.12.4.
be approved in writing by the board of directors of the company to which they
relate; and
to include in the explanatory notes thereto principal assumptions and risks; and
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.
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.
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
E.14.7. as a result of its review of all the documents and information submitted by the Club
pursuant to Rules E.3 to E.13, and having taken into account any failure of the Club
to supply any such documents or information, in its reasonable opinion it determines
that the Club will not over the course of the following Season be able to:
E.14.7.1. pay its liabilities to the creditors listed in Rule E.27 (in so far as they are
or will become creditors of the Club) and to its employees as they fall
due; or
E.14.7.2. fulfil its obligation under Rule C.1 to play 2 League Matches against
each other Club; or
E.14.7.3. fulfil its obligations under Rule D.3 to provide such rights, facilities and
services as are required to enable the League to fulfil its Commercial
Contracts, UK Broadcasting Contracts, Overseas Broadcasting
Contracts, Radio Contracts and Title Sponsorship Contracts.
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