Pi player does not have a Real Time Clock built-in and relies on NTP server for time synchronisation. Make sure Pi is able to contact NTP server in the Internet atleast once after poweron for the date and scheduling functions.
You can add a local NTP server also by configuring Pi's NTP configuration file /etc/ntp.conf. You can also add a custom RTC module if needed for the clock functionality.
See this comment about NTP, the gist is that ntp is not installed by default, but the os i still using ntp servers by default. If you want to configure your own, you can, but the file to edit is:
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