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Chansiri charged - could be banned from football

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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)

 

 

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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.

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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 by Kameron

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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!! lol

 

Edited by Morepork
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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. 

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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?

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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. 

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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 

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With all the poo about to hit the fan, it's time I pick up my new meds again!

fukitol.jpeg.a8edd5b63ce511934a64f7339f581c9b.jpeg

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Reckon DC looked at Monks CV, saw his experience dealing with Brum's point deduction and thought I've found my man!!! lol

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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?

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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. 

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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.

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What a complete and utter [email protected]&king mess.

 

We are almost certainly going to have to go backwards before we can go forwards but the sooner DC goes the better.

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13 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 a club spends too much money and breaks a rule designed to stop them going bankrupt. They are then punished with  £42m fine. You couldnt make it up. 

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19 minutes ago, wakefieldinleed1 said:

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 

Sorry not same at all 

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I'm not really interested in adding to the debate here, but I am curious - do we have any kind of timescale for this to come to some conclusion?

 

 

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