wakefieldinleed1 Posted December 3, 2019 Share Posted December 3, 2019 QPR got away with a 42 million pound fine ———————— accepted a £17m fine. Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted December 3, 2019 Share Posted December 3, 2019 1 minute ago, Blue and white said: No snowflake here fella, just completely honest, realistic and fecking sick of the joke we have become. Some follow out of blind loyalty others have more sense. No need to go cuddling up to Leeds fans 2 Link to comment Share on other sites More sharing options...
Animis Posted December 3, 2019 Share Posted December 3, 2019 2 minutes ago, ReadingOwl said: So the ban would be ineffective? Creative accountancy (directorship). What’s the point in that case? (Not disagreeing BTW). It's symbolic - the EFL and most of football world struggles to keep up with the international ownership of UK football clubs. The Chansari family is probably extensive and has a plethora of companies. Any one of these could act as a vehicle of ownership, and DC simply stays in the background with a new UK-based team running the club. It could actually turn out to be a silver lining - obviously discounting any points deduction. Link to comment Share on other sites More sharing options...
Guest Posted December 3, 2019 Share Posted December 3, 2019 17 minutes ago, wakefieldinleed1 said: Leeds fan in peace looking as an outsider. it looks pretty obvious what’s happened 1 you failed P&L and got an embargo 2 the owner was trying all sorts of creative accounting with all these silly schemes, ie plaques etc etc didnt work 3 you again went way ten limit of £39m 4 you were going to get another embargo and maybe points 5 the chairmen the see derby and villa selling the ground. 6 tries back dating it, basically cheating with the sale date. 7 FL have seen through this and be very surprised if you didn’t get points. youve over spent and then tried to get away with it. The Auditors have behaved badly, not illegally but I’d question there take on the accounts ( certainly the timing) it’s not accounting rules you are getting done for, but the football league rules. youve broken them and will be penalties. shame because the owner isn’t a bad guy. Just can’t run a business Much of this is unfortunately right but the highlighted bits are open for conjecture. The football league rules are based on annual accounts and if annual accounting rules have not been broken as per why the auditors signed off the accounts, then pr say football league rules will not have been broken. This will all be dependent on the legitimacy of the sale date and the regulations of how this can be accounted for. Even if rules have been broken we are yet to stoop as far as leaving a debt to a charitable ambulance service unpaid. Link to comment Share on other sites More sharing options...
wakefieldinleed1 Posted December 3, 2019 Share Posted December 3, 2019 https://www.google.co.uk/amp/s/www.telegraph.co.uk/football/2018/07/27/queens-park-rangers-handed-transfer-ban-reach-42million-settlement/amp/ read that lads. Very much what you have done (they wrote off loan to try to pass ffp, you pretended to sell ground) they couldn’t get them points because they were in the prem. think they will go down this route with you instead of massive fine Link to comment Share on other sites More sharing options...
Animis Posted December 3, 2019 Share Posted December 3, 2019 Ridsdale was banned in 2012 for 8 years, and his list of offences make DC look like Mary Poppins https://www.bbc.co.uk/news/business-19819177 Link to comment Share on other sites More sharing options...
wakefieldinleed1 Posted December 3, 2019 Share Posted December 3, 2019 Hirst read what qpr did. Accounting wise it’s legal. Same as sheff wed. league rejected it ( it’s their rules, WHICH ALL CLUBS AGREE TO ABIDE) Link to comment Share on other sites More sharing options...
ReadingOwl Posted December 3, 2019 Share Posted December 3, 2019 1 minute ago, wakefieldinleed1 said: QPR got away with a 42 million pound fine ———————— accepted a £17m fine. Football is absolutely crackers. Absolutely. No wonder I can’t even be bothered to watch Match of the Day anymore. Clubs relegated from the Premier League get £100’s of millions of pounds of parachute payments. And yet, we still have these moral guardians enduring its a level playing field. Although I don’t agree with the Chairman - I actually feel quite sorry for him in this circumstance. You can gain an unfair advantage - but not this time. Link to comment Share on other sites More sharing options...
Guest Kameron Posted December 3, 2019 Share Posted December 3, 2019 (edited) 8 minutes ago, wakefieldinleed1 said: QPR got away with a 42 million pound fine ———————— accepted a £17m fine. It will cost QPR a total of 42 million, the fine was 17 million but the overall settlement is 42. https://www.thetimes.co.uk/article/queens-park-rangers-accept-transfer-ban-hp9mpmjt7 Edited December 3, 2019 by Kameron Link to comment Share on other sites More sharing options...
Morepork Posted December 3, 2019 Share Posted December 3, 2019 (edited) Absolute worst case for us isn't the fine or points deduction IMO. It's that DC is too proud to walk away and at the same time refuses to do anything other than maintain us. Think Venky's and Blackburn. Like a living hell........although even limbo may be better than backwards!! Edited December 3, 2019 by Morepork 1 Link to comment Share on other sites More sharing options...
Dick_Turpin Posted December 3, 2019 Share Posted December 3, 2019 18 minutes ago, ReadingOwl said: Cellino’s ban was never effective whilst he owned the Club. It was originally for 18 months. He was banned in 2015 for a few months. Link to comment Share on other sites More sharing options...
N0rtherner Posted December 3, 2019 Share Posted December 3, 2019 2 hours ago, Hitcat said: It's not the value of the stadium that's in question, it's the fact that the sale was shoehorned into last season's accounts rather than this. Yes, I've seen that part, but there's also articles stating the EFL previously had approved of those accounts, and all of a sudden this appears. Fudging the accounts of last year like that, isn't that forgery or some kind of criminal act, that you would charge the individual who did it, rather than the club? Link to comment Share on other sites More sharing options...
RichSheffWeds Posted December 3, 2019 Share Posted December 3, 2019 Even though we may have complied with accounting norms and professional auditors signed off the accounts, the EFL will want to make an example of us. They are clueless but can’t do much about that. This season is a write off. Get ready for 12-15 point deduction. Monk will have to avoid relegation but he will get time to prepare for next season, off load more deadwood/high earners, hopefully bring in 3-4 of his own players and have a really go at it next season. You need patience in bucket loads as a Wednesday fan unfortunately. Link to comment Share on other sites More sharing options...
danblakemore Posted December 3, 2019 Share Posted December 3, 2019 21 point deduction rumour ... I don’t think so ! Link to comment Share on other sites More sharing options...
BRUCE LEE Posted December 3, 2019 Share Posted December 3, 2019 4 minutes ago, Kameron said: It will cost QPR a total of 42 million, the fine was 17 million but the overall settlement is 42. https://www.thetimes.co.uk/article/queens-park-rangers-accept-transfer-ban-hp9mpmjt7 The EFL exec and board consists of a chairman that is from Liverpool, worked for Liverpool and supports Liverpool With Championship reps that work directly for Play off rivals Derby and Bristol There’s more chance of me having an orgy with Megan Fox and Michelle Keegan under the tree on Christmas morning than us just getting a fine based on a settlement 1 Link to comment Share on other sites More sharing options...
N0rtherner Posted December 3, 2019 Share Posted December 3, 2019 With all the poo about to hit the fan, it's time I pick up my new meds again! 1 Link to comment Share on other sites More sharing options...
Morepork Posted December 3, 2019 Share Posted December 3, 2019 Reckon DC looked at Monks CV, saw his experience dealing with Brum's point deduction and thought I've found my man!!! 1 Link to comment Share on other sites More sharing options...
N0rtherner Posted December 3, 2019 Share Posted December 3, 2019 8 minutes ago, Kameron said: It will cost QPR a total of 42 million, the fine was 17 million but the overall settlement is 42. https://www.thetimes.co.uk/article/queens-park-rangers-accept-transfer-ban-hp9mpmjt7 So, if you're in breach of FFP for posting a 39 mill deficit over 3 years, and you get charged and fined over using a loophole (or not) for any reason EFL finds sufficient, they will fine you a further 42 million... just to make sure you're even further down in the mud? Link to comment Share on other sites More sharing options...
Bouncing Owl Posted December 3, 2019 Share Posted December 3, 2019 I can’t disagree with with the sequence of events what wakefieldinleeds1 describes in the above post. However given how Leeds have mismanaged in an unprecedented scale under ridsdale as well as going into administration and wrecking local businesses to boot, his comments do make me smile a little. Notwithstanding, how the current owners of Leeds have the run the club recently should be a blueprint on how to do it at championship level. Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted December 3, 2019 Share Posted December 3, 2019 28 minutes ago, wakefieldinleed1 said: Leeds fan in peace looking as an outsider. it looks pretty obvious what’s happened 1 you failed P&L and got an embargo 2 the owner was trying all sorts of creative accounting with all these silly schemes, ie plaques etc etc didnt work 3 you again went way ten limit of £39m 4 you were going to get another embargo and maybe points 5 the chairmen the see derby and villa selling the ground. 6 tries back dating it, basically cheating with the sale date. 7 FL have seen through this and be very surprised if you didn’t get points. youve over spent and then tried to get away with it. The Auditors have behaved badly, not illegally but I’d question there take on the accounts ( certainly the timing) it’s not accounting rules you are getting done for, but the football league rules. youve broken them and will be penalties. shame because the owner isn’t a bad guy. Just can’t run a business Not saying some of this is not true but getting into dangerous territory now, there is ZERO evedence in public domain to say auditors have acted badly here. And the timeline / take is wrong. More likely: At 31.5.18 realised we were busting FFP and looking for solution Then heard what derby / villa had done. Extended accounting period 2 months to 31.7.18 In period 1 June 2018 to 31 July 2018 arranged a binding sale and purchase agreement for the sale to allow accounting for it by 31.7.18 Recognised sale in extended 14 month set of accounts. None of the above is illegal or incorrect from an auditing or accounting perspective. please note nothing in the above remotely means backdating a transaction after the even so this is incorrect. The take from the Leeds fan is fully understandable because the issues aroun this have not been reported correctly in the media. However, EFL may really dislike the extended accounting period to put the sale in those two months. This is questionable as I don't know if he EFL rules around this, but this is not wrong legally and has no bearing on the behaviour of the respected firm of auditors. Link to comment Share on other sites More sharing options...
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