EFL Statement

[billyblack]

Just now, Mr Farrell said:

 

This.

 

He has to change his approach.

 

Hopefully this shocks him into action.

He can go for me.

 

Plenty of money

Nice guy

Heart in right place

 

Unfortunately no idea how to run football club

Can he change his ways, i doubt it

[Owls-Fan]

3 hours ago, Blue and white said:

I've said it before and I'll say it again,  only we could get taken over by a rich owner who hasn't a fecking clue.

How to go from 90 minutes away from the premiership to everything going down the bottom.

This might be the straw that breaks the camals back as far as Chansiri is concerned. If he was being truthful at last years AGM when he said he turned down offers as he thought he was the best person to run the club, he might be changing his mind when a 21 point deduction is given. I honesty wouldn’t mind being taken over by Red Bull and being called Red Bull Wednesday if it meant we were run by people who know what they’re doing 

[owlZfan84]

Good old Wednesday - never a dull moment.

[Standidno]

Embargo, deduction and relegation battle. Let’s bottom out and hopefully get someone to come in and find us. Someone that knows how to run a football club. Not this absolute clown. I can’t believe it’s took this long for people to find him out. Too many blue and white tinted specs wouldn’t believe what a clown he was and it’s taken this to realize. No regard for anyone but himself. Doesn’t take advice, just a stubborn arsehole who needs to sell up - which is next to impossible at the moment now. 
 

Chansiri Out!

[owlZfan84]

Chansiri had a dream,

To build a football team,

But blew our golden chance as well as our cash,

So he cooked the books,

and now we are fooooooked,

We're Sheffield Wednesday; we're being run by schmucks.

Edited November 15, 2019 by owlZfan84

[Luke]

One long a$$ thread of people sprouted usually $h!t they have no clue about 

 

Can't remember to many threads bashing DC when we was signing these 'superstars' .

 

Yes DC is guilty and made mistakes .

But I'd rather have a bloke whose willing to have a go than some scum whose suing fans and taking us a day away from non existence.

But let's slag DC off anyway without knowing fk All cus that's the way of this site .

 

Biggest disgrace of this whole thing is 'fans' betting on us getting relegated.

 

Over 40 pages and no one has proved they know anything that's going off 

 

 

[Guest mkowl]

1 hour ago, latemodelchild said:

Must admit I take everything he says with a pinch of salt. Summat about him and his views that seems a bit off for me. Almost like he catastrophises everything, seems like clickbait. 

 

I've read a fair chunk of this thread but accidentally skipped 10 pages or so. I'm interested in your opinion on it all. You seem to allude to the fact that professional taxation bodies won't take too kindly to being criticised by the EFL. Reckon we've got a chance of beating this, assuming we haven't flat out lied? Seems odd to me that they'd lift the embargo and be happy only to turn round and say they're not. They've either found summat major that is irrefutable or are they just having a potshot? 

 

Thoughts? Assuming you've time to that is. 

 

Many on here will know I am a Chartered Accountant by profession, run my own firm and until March this year was a registered auditor. 

 

So just concentrating on that part. I am bound by the rules of membership of the ICAEW so if I fail in any respect I would have to explain myself / my judgements to them. Whilst I was an auditor I was also regulated by the ICAEW. Last year I had my what is known as a QAD visit, where there is pretty detailed scrutiny of my files by them, follow up requirements. Flippin tough stuff. I got through it - just but for many additional reasons, primarily my sanity I gave up that work. 

 

So these professional requirements are always in the background. Throw into the mix we have PI insurance. Now i am not perfect let's just say i know the protocols on this and how it works in practice. So just adds to the complexity here.

 

So in the SWFC situation if you are criticised by another body the EFL and clearly this is all in the public domain, then for all the reasons above you are going to protect your professional judgement robustedly. 

 

Jeez if you though EFL sanctions were tough you should read the disciplinary pages of our monthly publication. 

[billyblack]

6 minutes ago, WelshOwl74 said:

One long a$$ thread of people sprouted usually $h!t they have no clue about 

 

Can't remember to many threads bashing DC when we was signing these 'superstars' .

 

Yes DC is guilty and made mistakes .

But I'd rather have a bloke whose willing to have a go than some scum whose suing fans and taking us a day away from non existence.

But let's slag DC off anyway without knowing fk All cus that's the way of this site .

 

Biggest disgrace of this whole thing is 'fans' betting on us getting relegated.

 

Over 40 pages and no one has proved they know anything that's going off 

 

 

Dont know whats going on. Just read the books, tells you all you need to know.

[wellbeaten-the-owl]

26 minutes ago, Minton said:

Let's not jump the gun and overreact (yet). The EFL have charged us with breaching the rule over spending. We disagree. We had our own legal team who completed the books and they thought that we would be fine. 

 

It will go to a tribunal where our lawyers will present a case and it will be decided which of the two legal views is correct. Until that is done, nothing has happened and it is business as usual. 

 

So before anyone truly shits the bed in panic, take a deep breath and wait for the outcome.

 

No wonder club is in a mess so many are quick to turn against club and chansiri when they are still fighting the charges.

 

Does anyone honestly believe a big firm of auditors would sign off on those accounts if they had not had sight of evedence that there was a binding contract in place for the sale? 

 

eFL are under pressure to do something about these sales, they can't touch villa as they have been promoted and having looked at derby and Wednesday  with intention to find a scapegoat to shut up likes of Gibson and be seen to be doing something following the bury FC case, are going after Wednesday as they think have a stronger chance / argument against us.

 

The statement made by EFL reads as if they were investigating looking for a reason to charge us and not just verifying the submissions.

 

Chances are firms of lawyer's or auditors have been paid to investigate this soley to put an argument together to make the charges.

 

But instead of being angry at EFL for trying hang us out to dry as a deterrent to others we turn on DC? 

 

If we have falsified anything to get this through audit I woul agree with EFL to throw the book at us but if it's just we had found a clever way to accelerate the sale and get an agreement signed before the accounting period then we should fight it to the bitter end

Edited November 15, 2019 by wellbeaten-the-owl

[Spondon Owl]

22 minutes ago, Minton said:

Let's not jump the gun and overreact (yet). The EFL have charged us with breaching the rule over spending. We disagree. We had our own legal team who completed the books and they thought that we would be fine. 

 

It will go to a tribunal where our lawyers will present a case and it will be decided which of the two legal views is correct. Until that is done, nothing has happened and it is business as usual. 

 

So before anyone truly shits the bed in panic, take a deep breath and wait for the outcome.

 

Loads of people who like to stir through conjecture and guess work on here though.

 

Just wait and see how it plays out before judging.

[bigthinrob]

7 minutes ago, owlZfan84 said:

Chansiri had a dream,

To build a football team,

But blew our golden chance as well as our cash,

So he cooked the books,

and now we are fooooooked,

We're Sheffield Wednesday; we're being run by schmucks.

“Our cash” ?????????????

[torres]

19 minutes ago, billyblack said:

He can go for me.

 

Plenty of money

Nice guy

Heart in right place

 

Unfortunately no idea how to run football club

Can he change his ways, i doubt it

 

The one thing i don't get is the ''heart is in the right place'' line that gets dragged out.

 

If his heart was in the right place would he be charging supporters the sickening amounts he does 

 

He has proven time and time again he isn't up to the task

[Bob]

He is the same as a lot of wealthy owners, they are on an ego trip, with the ultimate goal of managing a Premier League club.

 

Nothing wrong with that if they follow the rules and look after the interest of the fans. Has Chansari done that ?

[Sergeant Tibbs]

25 minutes ago, Mr Farrell said:

 

This.

 

He has to change his approach.

 

Hopefully this shocks him into action.

I think he’s tried every angle he could, but failed. 

If he was managing the finances for any other organisation, he’d have been given his cards long ago.

There’s so much to this than a points deduction. Where does it leave us with the ground ? Any decent players with ambition won’t see us as a good career prospect.

 

[thewookieisdown]

27 minutes ago, Minton said:

Let's not jump the gun and overreact (yet). The EFL have charged us with breaching the rule over spending. We disagree. We had our own legal team who completed the books and they thought that we would be fine. 

 

It will go to a tribunal where our lawyers will present a case and it will be decided which of the two legal views is correct. Until that is done, nothing has happened and it is business as usual. 

 

So before anyone truly shits the bed in panic, take a deep breath and wait for the outcome.

 

I largely agree.

 

But be clear. We haven't  been charged with a breach of the spending rules. We have been charged with Misconduct. That is more serious. It exposes us to a range of sanctions, at the top of which is expulsion from the league. If we are found guilty, who knows: but the nine point reduction for Birmingham did not as I understand it involve a Misconduct charge. There is newspaper speculation that we could be looking at a deduction more in the order of 20 points

 

But as you say. We have said we will defend ourselves.

 

Let us hope we are successful. Whether we are successful or not, let us hope that the owner has learned lessons, of which by far the most important would be get proper expertise in place, and know your limits.

[DJMortimer]

2 hours ago, quinnssweetshop said:

Ahhh.

 

And you are so important to the club, that only your word is law or correct. So you reply in your condescending, know it all manner. Forgive me. You obviously own the club.  And to say, you're  a tad quick off the mark is an understatement.

Did I say that the club had been run well ?  No.

 

I said.... Support the club.... too many Owls talk jobsworths who..for some reason believe they have an " in " at the club. Go away and wallow in your own self importance. I... will support the club through this crap. Not chomp at the bit to attack the obvious flaws within it when the going gets really tough. 

Yes... complain...I do..and did prior to Bruce being brought in about the cancer that was doyen etc.... 

 

But this is serious stuff... and the fans need to get behind the club now.... not try and score cheap forum... look at me..Billy big balls points.. by smugly enjoying the demise. 

 

 

 

 

Your reply is guilty of most of the things you accused me of, just with a bit more self-righteous anger thrown in. 

 

Daddy has gone to the casino and pushed every penny of the family savings into the middle of the table. If you want to cheerfully pat him on the back and buy him drinks, that's up to you. But some of us think it's simply too big a risk and have said so many times.

 

Even if we get away with this in the long run, it was still a ridiculous gamble that came close to disaster. And what does it say about how prudently the club is being run? Where is the evidence of some kind of coherent vision and strategy?

[james o connor]

Tbf we did lose a Wembley play off 4 and half years ago . I think people are being a bit greedy and expecting too much 

[billyblack]

19 minutes ago, wellbeaten-the-owl said:

No wonder club is in a mess so many are quick to turn against club and chansiri when they are still fighting the charges.

 

Does anyone honestly believe a big firm of auditors would sign off on those accounts if they had not had sight of evedence that there was a binding contract in place for the sale? 

 

eFL are under pressure to do something about these sales, they can't touch villa as they have been promoted and having looked at derby and Wednesday  with intention to find a scapegoat to shut up likes of Gibson and be seen to be doing something following the bury FC case, are going after Wednesday as they think have a stronger chance / argument against us.

 

The statement made by EFL reads as if they were investigating looking for a reason to charge us and not just verifying the submissions.

 

Chances are firms of lawyer's or auditors have been paid to investigate this soley to put an argument together to make the charges.

 

But instead of being angry at EFL for trying hang us out to dry as a deterrent to others we turn on DC? 

 

If we have falsified anything to get this through audit I woul agree with EFL to throw the book at us but if it's just we had found a clever way to accelerate the sale and get an agreement signed before the accounting period then we should fight it to the bitter end

Hows about we just get our poo together and have a proper plan and run the club accordingly instead

[Samurai Blue]

10 minutes ago, A12owl said:

You arnt trying hard enough @Samurai Blue

You still havnt got us a Garry Monk imoji.

I did try your suggestion about another daft question but EFL removed it .

Perhaps OT God's were itk and Monk won't be with us much longer. 

Any more suggestions?

 

I think at this point A12Owl all I can do now... all any of us can do, is take out a pipe, sit back, and wait for this storm to pass.

 

 

 

Edited November 15, 2019 by Samurai Blue

[Aingarth]

It was clear when the accounts were submitted(late) that the sale was well after the end of the financial year. It didn’t need a group of barristers to work that out. I said so on here and was rubbished as usual. 
We have to assume that Mr C has a good explanation.