Jump to content
markg

EFL Statement

Recommended Posts

2 minutes ago, billyblack said:

So if its all tickety boo and above board, why would the EFL think there is a case to answer?

Well...they accepted the accounts a few months ago...

Share this post


Link to post
Share on other sites
3 minutes ago, SiJ said:

Because if we have fabricated evidence then our punishment might be more severe than just a points deduction...

 

Expelled from EFL is worst scenario, ending up in National North if they do. :duntmatter:

Share this post


Link to post
Share on other sites
4 minutes ago, SiJ said:

Because if we have fabricated evidence then our punishment might be more severe than just a points deduction...

 

Alas, think Swindon 

Share this post


Link to post
Share on other sites
6 minutes ago, SiJ said:

They cant really just apply a points deduction just to relegate us.

 

There has to be some rhyme and reason behind any punishment. Some sort of method behind why, not just out of spite. 


did Birmingham get docked 9 points? Not sure exactly how bad they had been to break the rules? I take it teams like Bolton got docked 12 because of going in to admin?

Edited by WalthamOwl

Share this post


Link to post
Share on other sites
1 minute ago, Hirstys Salopettes said:

 

Alas, think Swindon 

 

Going back some years with this one, I can't remember why they got demoted 2 divisions.

Share this post


Link to post
Share on other sites
Just now, WalthamOwl said:


did Birmingham get docked 9 points? Not sure exactly how bad they had been to break the rules? I take it teams like Bolton and Bury got docked 30 because of going in to admin?

 

Birmingham was just for overspending on players and wages, I should think our punishment would be worst if proven with sale of ground.

  • Like 1

Share this post


Link to post
Share on other sites

Don't worry Baldrick Chansiri will have a cunning plan to get us out of this mess

 

Another plaque sale?

 

Buy one for £18k and get 10p off a season ticket when we win the champions league - in the meantime you get a free 2 page colouring book to say thanks

  • Haha 5

Share this post


Link to post
Share on other sites
2 minutes ago, bradowl said:

 

Birmingham was just for overspending on players and wages, I should think our punishment would be worst if proven with sale of ground.


yeah that’s my thinking. If guilty can imagine the punishment will be much more severe than Birmingham. 

Share this post


Link to post
Share on other sites
3 minutes ago, SiJ said:

I didn't realise we had so many people who know the inner workings at S6.

 

This is not me trying to say the club haven't done anything wrong. More suggesting we see what comes out in the wash before jumping to conclusions. 


It’s the EFL that have said it in their statement:

 

The EFL has reviewed a large number of documents obtained from the Club as part of this process and concluded there is sufficient evidence to justify issuing charges of Misconduct. The charges are in respect of a number of allegations regarding the process of how and when the stadium was sold and the inclusion of the profits in the 2017/18 accounts.

 

Has any club ever successfully appealed an EFL charge?

  • Agree 2

Share this post


Link to post
Share on other sites
4 minutes ago, bradowl said:

 

Birmingham was just for overspending on players and wages, I should think our punishment would be worst if proven with sale of ground.

 

It was but for a time they were under review they continued spending regardless and tried to register a player for a significant fee while they were under an embargo.

Share this post


Link to post
Share on other sites
17 minutes ago, 1993swfc said:

Doesn’t really mean anything though. Doesn’t take a rocket scientist to know we’ve lied about when the stadium was sold. Without the sale we would have received the 9 point deduction that Birmingham did last year. We’ve tried to find a way round it and been caught out. Expect a bigger punishment than Birmingham.

Well we aren't the only club to have taken advantage of this loophole. It's allowed within the rules... they can't then punish us for complying with said rules. They can change the rules going forward but not retrospectively.

 

As for the point about 'lying'... have we really though. If it's in the accounts, that means it's been signed off by the auditor which should mean that there is proof of the sale falling within the accounting period otherwise they wouldn't have been able to sign it off. And if that's the case, then we should win.

 

If we've fabricated documentation and provided this to the auditors then Chansiri has much bigger problems than the EFL as that would be fraud. No evidence of that though yet.

  • Agree 1

Share this post


Link to post
Share on other sites
21 minutes ago, SiJ said:

I don't think there are people revelling in this...but it is odd how some familiar faces pop up to tell us how right they were all along and to back slap themselves. 

I find the whole thing depressing and don’t take any satisfaction from being right. It seemed so obvious at the time. I hoped and still hope that our club, it’s financial advisors and auditors have a good and legal explanation why the sale should be included in the 2017-2018 accounts. There are a range of ways that could be the case but our access to very limited accounts does not give the logic behind the inclusion. The valuation of the ground is a different matter and will need some justification. 
 

But I think we are highly likely to be in serious trouble which could take years to sort out. I also don’t take any delight in having warned 10 years ago, when Sheard and others were snapping around and the general view was we need to be bought by a billionaire, that the wish to be owned by rich men rather than local shareholders could lead to disaster in the longer term. 
 

I just wish someone would unravel what has happened at Man C. 

  • Agree 1
  • Thanks 1

Share this post


Link to post
Share on other sites
14 minutes ago, bradowl said:

 

Expelled from EFL is worst scenario, ending up in National North if they do. :duntmatter:

Knowing our luck, they would throw us in the National South out of spite. 

Share this post


Link to post
Share on other sites
18 minutes ago, billyblack said:

So if its all tickety boo and above board, why would the EFL think there is a case to answer?

Because put 2 accountants in one room it is worse than trying to get 2 Wednesday fans in a similar room to agree the next starting XI

Share this post


Link to post
Share on other sites
Just now, owl_83 said:

Knowing our luck, they would throw us in the National South out of spite. 

Yay loads of away games 

  • Haha 1

Share this post


Link to post
Share on other sites
11 minutes ago, bradowl said:

 

Birmingham was just for overspending on players and wages, I should think our punishment would be worst if proven with sale of ground.

The real reason why Monk came in and not Cowley!

Share this post


Link to post
Share on other sites
1 hour 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

Unfortunately many auditors have missed failings in accounts of other companies

  • Thanks 1

Share this post


Link to post
Share on other sites
3 hours ago, Birley Owl 1867 said:

It's all swings and roundabouts init.

 

Vincent Tan didnt have a clue on footy and he managed to get lucky and promoted to the Prem, twice.

 

We nearly did ourselves but didn't have enough to push us over the line.

 

Yes, Chansiri has run the club poorly at times but it does seem (this excepting perhaps) he has figured things out recently. Tight ship on transfers and hired two good managers who are perfect for the league and us.

 

Unfortunately for us, despite all his poor decisions, the most costly thing is the defeats to Hull and Huddersfield in May 2016 and May 2017 respectively. 

Got a point there. Bungling approach to Huddersfield in particular.

Share this post


Link to post
Share on other sites
18 minutes ago, bradowl said:

 

Going back some years with this one, I can't remember why they got demoted 2 divisions.

 

Financial irregularity's they got promoted to the premier league via the playoffs (beat Sunderland) but the football league demoted them to division 2 (league 1) they appealed and where reinstated in division 1 (championship)... I think that's how it happened. 

Share this post


Link to post
Share on other sites

Whatever the punishment let's have it sooner than later.

Treading water for several months will be painful for both employees and fans.

While we don't know our fate nothing will be achieved.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...