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Bigger Guns

Sheffield Wednesday Fan
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About Bigger Guns

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    Sheffield Wednesday First Team

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  1. No it doesn’t stop us strengthening. However, if people are expecting us to pay the majority of wickham’s wages I think they may end up being disappointed. Big wages are what has put us in this mess. We need to make sure we don’t breach the £39m this year and we will be sailing close to the wind as it is. We have a chance to clear a few out in the summer and start again, but even in the summer I expect we still won’t ‘go for it’ because we can’t sell our ground again in 3 years to comply with FFP.
  2. Don’t think we aren’t spending because we aren’t confident with the appeal. We posted c.£25m loss the year before last and a £2m profit this year due to the ground sale. That means we can only post a loss of c.£16m this year otherwise we will be in breach of the £39m limit over 3 years. We have saved a lot in wages from last season and we have the Joao transfer fee and Bruce compensation, but we still have a lot of high earners on the books. I’m afraid we won’t be pushing the boat out until the decks are cleared.
  3. Who has called them criminals? I certainly haven’t. Leeds (and every club in the country) have a set of rules which try to prevent fans from going on the pitch. They hire a team of stewards to enforce those rules. No one is calling for criminal charges and I suspect the lad got kicked out and that was the end of it.
  4. When you say ‘load of boll0cks’ you might want to read my post again. I agree there is a difference between what the Leeds and Birmingham fans did and what the lad did yesterday and as I said I don’t think for one minute he would have gone and punched a Leeds player. Stewards can’t take chances though and nor should they.
  5. Do you remember when that idiot from Leeds ran on the pitch and punched Kirkland in the face? And the idiot from Birmingham who punched grealish last season. Those two examples are the exact reason people get chucked out, because it may compromise a players safety/wellbeing. I’m not saying the lad you refer to would have gone and punched a player but the stewards are there to protect the players from idiots and they shouldn’t take any chances. It’s quite simple just don’t go on the pitch. Do what the other 3,000 Wednesday fans did and celebrate in your seat. Going on the pitch to celebrate doesn’t make you any more passionate. It does make you more of an idiot though.
  6. Yes but the EFLs terms and conditions are based on audited pre tax profit. I don’t know what’s so difficult to understand for you.
  7. Funnily enough that’s also a requirement for the auditors (the transaction at fair value). Take it from someone who actually knows what they’re talking about. I’m sure you will have seen the article on the BBC tonight. As I predicted in an earlier post Wednesday are going to sue the EFL for an unlawful charge. I will repeat again. The EFL cannot make Sheffield Wednesday restate their accounts. They must take them at face value. They’ve bitten off more than they can chew here and have picked the wrong guy to have a fight with.
  8. Yes I remember that, but I think it’s a completely different situation. Suspending someone for a few games is not going to dramatically change the outcome of a season. Docking points where there are no grounds for doing so brings the integrity of the competition in to question. Like I said previously this could all get very ugly for the EFL if we are not made to change our accounts.
  9. Some of the comments on here such as fraud and fudging the accounts are an overreaction and quite frankly ridiculous and could land one or two in bother. I’d urge anyone to be careful in making such comments. No denying that we have been reckless in our spending and we shouldn’t have to sell the ground to maintain compliance with FFP. However, it is a loophole and there’s nothing to say we can’t do it and according to the auditors it’s in the correct financial period at an appropriate value.
  10. I’m a chartered accountant and trained in audit. As far as I’m concerned until someone makes Sheffield Wednesday restate their accounts, which the EFL cannot do, there is no case to answer.
  11. Not if we aren’t made to restate our accounts. Could you imagine in court the EFL trying to argue they know more than a professional firm of auditors. They would get laughed out of court and it could turn ugly for the EFL because what they are accusing us of is defamatory. Would not be surprised if nothing comes of this and we sue the EFL.
  12. Same perspective. The EFL start with audited pre tax profits prepared on an FRS 102 basis.
  13. If you see my response to Kameron, there is no evidence that any regulatory body is involved at this stage that has the powers to make us restate the accounts. If that remains the case, our defence should be water tight.
  14. The EFL start with audited pre tax profit. The cash doesn’t have to be transferred for the sale to be included in the pre tax profit. Like I said so long as there is a legally binding contract as at the end of the 2018 accounts then it is correct to be included in the 2018 accounts. I would be staggered (being an ex auditor) if the auditors signed off the accounts without sufficient proof of sale being provided. If it turns out to be wrong then the auditors are finished because this will be massively in the spotlight. But, as I mentioned before the EFL do not have the powers to make us restate accounts. That is way above their powers and there is nothing to suggest that the regulatory bodies that could make us restate are involved at this stage.
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