EFL Statement

[Bigblueowl]

2 minutes ago, Birley Owl 1867 said:

Go down, clear the deadwood and bum the league wont be too bad.

 

Beat United point total would be good too.

Bum the league like Sunderland did?

[asteener1867]

To be fair to Chansiri...f.ook ups and all...

I reckon, he'll take it on the chin and get on with it...

[Guest everydays_wednesday]

2 hours ago, Birley Owl 1867 said:

Yes we do.

 

Say no more though. Say no more.

Is she a goer...know what i mean know what i mean?

[cbirks]

It's the fiddling of the dates that's done it. Other clubs have done similar in terms of stadium, other clubs have bought over the asking price, but they haven't tried to say it happened in a different year to the one that it did. 

 

Bloody naive, if you ask me. There's flounting the rules then there's flaunting it.

[Mobley]

2 hours ago, We'llNeverBeMastered said:

So they can expect the same punishment (whatever ours may be) next year?

 

2 hours ago, Socialist_Owl said:

So we're nailed on an arbitrarily-designated criteria, not the actual act itself.  Good to know.

 

Or is Derby going to get theirs later?  I doubt it.

 

EFL : crooked

Basically we fiddled the accounts. The accounts show the sale and profit in the year before the transaction took place with a debt due from the purchaser to balance the books. Two of the fundamental accounting concepts have been breached here. Firstly you're supposed to match transactions with the period they took place and worse, you’re not supposed to recognise profits until they have actually been earned.  Not crooked a EFL, in my opinion, dodgy  accounting by Chansiri. Surprised the auditors allowed it. 

[upperwinngardensowl]

At the end of the day the deal may or not be kosher but it’s dodgy as.

 If the pigs had done this we would be all over it .

[Lawrie’s Left Peg]

2 hours ago, kobayashi said:

Not necessarily against accounting rules but if money wasn't exchanged then it does bring into question the substance of the transaction.

Depends on terms of credit extended and also the Transfer Of Ownership clause. 
i.e. if transfer of an asset takes place at the point a contract is signed and an invoice is raised one month after the contract is signed and 360 days payment terms is extended the sale is completed but the money can be paid 1yr and one month later. 
Credit terms and transfer of ownership may be freely negotiated between contracting parties so no civil or common law has been broken. The issue will be whether EFL regulations supersede the law of the land. This will be the point contended by DCs legal team. 
one would sincerely hope that this was considered and mitigated before the decision was taken to declare the sale in a different accounting to the receipt of monies owed

[Birley Owl 1867]

3 minutes ago, Bigblueowl said:

Bum the league like Sunderland did?

Sunderland are poo.

 

Ipswich currently bumming it.

[alfonso123]

[Brad_owl]

As much as us fans will be gutted we need to get behind the club.

 

The EFL seriously have it in for us, it is actually ridiculous.

 

I hope Chansiri takes the full FFP rules to court and eats them for breakfast.

 

We need to develop a them and us mentality as it really it like that.

Edited November 14, 2019 by Brad_owl

[airborne_rat_of_s6]

6 minutes ago, Royal_D said:

So Pride Park been independently valued at £41m but sold to Mel Morris for £80m is ok ? That’s not a blatant pi55 take of the rules ? 

Indeed. Why is it only us? Gibson the *** moaning. Cheers for the three points BTW! 

[Carl Shutt is God]

That play off final defeat could be our most expensive defeat ever.

 

To be honest this whole sorry saga just highlights the ridiculous rules and regulations in football and how much money is ruining the sport.

 

The fact that the Premier League and leagues below are two separate entities where teams who get up to the top division cant face punishment whilst there after breaking rules to get promotion just encourages teams in the championship to massively overspend.

 

The fact teams getting relegated from the prem get obscene amounts of money in parachute payments just encourages championship teams to massively overspend.

 

The split of money between the divisions is not enough for clubs to spend the money they need to pay the wages players are now commanding, premier league reserves earn absolutely obscene amounts of money.

 

Football is a sport which only exists because of the fans, the fans, who may earn in a year less than some players earn in a week, are the ones who really suffer. Players at the clubs punished will just move elsewhere and still get paid obscene amounts of money and wont care one bit about their former club.

 

Football and the way it is structured is absolutely messed up and overcome by greed.

 

Match of the day showing tweets of players after games, papers printing stories about players lives like a gossip column, fans supporting teams they just watch on tv who are in another country or city and thinking they get football. 

 

What the hell happened to our sport?

[Burnsie]

Just now, Brad_owl said:

As much as us fans will be gutted we need to get behind the club.

 

The EFL seriously have it in for us, it is actually ridiculous.

 

No they don't.

 

 

[dumboldowl]

I hope the date of the hearing with the FL doesn't coincide with the hearing with Sheffield City Council, our solicitors can't be in two places at once !

[Johnny Concrete]

1 minute ago, Brad_owl said:

As much as us fans will be gutted we need to get behind the club.

 

The EFL seriously have it in for us, it is actually ridiculous.

 

I hope Chansiri takes the full FFP rules to court and eats them for breakfast.

 

We need to get a them and us mentality as it really it like that.

 

Whether you think that they have it in for us or not, facts are we've been caught out and going to pay a very hefty price. All down to one man..Chansiri. 

[Belfast Owl 2]

26 minutes ago, Mr Farrell said:

 

Then he'll never take us forward, and will continue to spunk money up the wall whilst ripping us off in ticket prices.

 

He isn't learning.

 

Geoff Sheard.

 

Ignore the fact you cosied up to this cheeky monkey

[owls maniac]

2 minutes ago, Brad_owl said:

As much as us fans will be gutted we need to get behind the club.

 

The EFL seriously have it in for us, it is actually ridiculous.

 

I hope Chansiri takes the full FFP rules to court and eats them for breakfast.

 

We need to develop a them and us mentality as it really it like that.

We’ve repeatedly flouted the rules! They’re don’t have it in for us ffs. 

[Brad_owl]

Just now, Burnsie said:

No they don't.

 

 

I don't agree. For example, How can you substantiate the EFL banning FF when he was found not guilty in a court of law?

[agentwalker]

19 minutes ago, Mus said:

This was pointedout as well:

 

The one final issue is the valuation of the stadium itself. Given that Reading sold their stadium for £27m and West Ham sold theirs for £40m, it does seem unusual for Sheffield Wednesday's stadium to be sold for £60m. The geographical location would suggest that it's not in a property area which is significantly higher than London or the home counties.

You could say the same about Rhodes.

 

The price is what someone willing to pay.

 

DC : how much you want for this shed?

 

DC: 'deep intake of breath' well lad this hear is a world known landmark, ask any Liverpool supported. It's got a  lake side view of the Don and a massive area across the road that's empty...... *Caught* Currently *caught*.

 

DC: OK sounds a good deal this, how about £100 mill?

 

DC: WOH WOH, son I don't want to rip myself off... Sorry YOU off, call it a straight 60.

 

DC: happy doing business with you.

 

Edited November 14, 2019 by agentwalker

[The Wall]

If we can just sell our share in the "England band" for about 40-50 million...