Nero Posted December 4, 2019 Share Posted December 4, 2019 2 hours ago, rickygoo said: Balance sheet insolvency it's called. And Wednesday can only pay our bills because the owner bails us out. Don't like the guy but let's hope he's right re the EFL. We can agree on that. Losing money isn't insolvency. Otherwise Google Amazon Twitter Dyson would have never got to where they are. DC (and many others before) see it as a loss leader until the big money rolls in from the premiership. Chancy, but that's Capitalism. Link to comment Share on other sites More sharing options...
Dunkstar Posted December 4, 2019 Share Posted December 4, 2019 Everything quoted here is either conjecture or wild speculation. Bottom line is no-one knows the full details apart from the 2 parties involved. This will take weeks if not months to play out. As this will be a landmark case there's no real precedent for punishment. All we have to go on is the guidelines for punishment which range from a reprimand to expulsion from the league, basically who knows? Say what you like about Chansiri, he doesn't do things by halves! Next thing you know he'll be live on TV being chased down Penistone road on Forestieri's bike by Rick Parry OJ style. Link to comment Share on other sites More sharing options...
akbuk Posted December 4, 2019 Share Posted December 4, 2019 (edited) 2 hours ago, davetherivelinowl said: My take on this is that DC has got his wires crossed. I suspect he thinks the efl are moaning about him selling the ground and he has proof that they said they'd let him. But that's not what this is about. It's about us selling the ground in one year and pretending it was in the previous year. Of course I'd love it if DC was right and was able to win his case, not just on our behalf but also to give the efl a bloody nose. But I've felt all along that DC has never really got his head round all this Profit and Sustainability lark. I think this is an extension of his confusion on the matter. Call me a bedwetter but if I'm right it won't end well. I doubt the legal team have their wires crossed the statement is clearly influenced by legal advice indeed it may well have been written by the club's legal team Edited December 4, 2019 by akbuk Link to comment Share on other sites More sharing options...
billyblack Posted December 4, 2019 Share Posted December 4, 2019 13 minutes ago, andytrig said: The accounts were signed off by the auditiors who you'd like to think had requested and been satisfied with evidence of the single most material transaction in the accounts. Well you would have thought. Lets see what transpires 1 Link to comment Share on other sites More sharing options...
owls-swfc Posted December 4, 2019 Share Posted December 4, 2019 Got a feeling this saga will run on much longer than Brexit TBH! Link to comment Share on other sites More sharing options...
Nero Posted December 4, 2019 Share Posted December 4, 2019 12 minutes ago, Mr Farrell said: One side is a bit clueless and doesn't know what it's doing. The other side is a bit clueless and doesn't know what it's doing. Only one way to decide who wins..... I know this is said in jest but you've absolutely nailed it. At least now it will have to be decided by professional people who do know what they are doing. The establishmentwill probably stick together but I'd rather us get taken down by the law rather than the biased clowns at EFL. Link to comment Share on other sites More sharing options...
SiJ Posted December 4, 2019 Share Posted December 4, 2019 24 minutes ago, bigdan2003 said: Taken from the latest article on The Athletic. P&S rules to allegedly protect clubs from financial disaster, yet these punishments would likely cause financial disaster. This is less to do with keeping clubs finances in check and more about certain clubs using the rules to punish potential rivals. Oh, I wonder which club is pushing for automatic relegation... Link to comment Share on other sites More sharing options...
sweetsheri Posted December 4, 2019 Share Posted December 4, 2019 It’s a strong statement which suggests DC and the lawyers are very confident What could go wrong... Link to comment Share on other sites More sharing options...
Nick the Owl Posted December 4, 2019 Share Posted December 4, 2019 GERRIN T'EM, **** 'EM UP! Go on DC Lad, hopefully some of this fight will translate onto the pitch as well. Backs to the wall. Link to comment Share on other sites More sharing options...
Anlaby Owl Posted December 4, 2019 Share Posted December 4, 2019 When the initial statement from the EFL came out i ALMOST commented on here. An acquaintence of mine who is qualified in such matters, had told me that the action of the EFL was likely to be unlawful on THREE (yes 3) counts which i have to admit i didn't completely understand. Two of these related to a restriction on trade that it seems none of the previous clubs to recieve sanctions had challenged. This lady specialises in financial law and told me the probable reason for this was that these clubs didn't want further scrutiny of their accounts but that as long as the companies accounts were accurate it was almost certain that the club would have no case to answer and the EFL would be forced to review its finacial rules if they were scrutinised in court. Another reason why i didnt post this on here earlier is that i couldn't get my head around the terminology used regarding the third count that basically says an organisation (usually regional councils but often a police force or the law its self) cannot punish someone/a company/organisation based on changes in legislation that occured after the event or in light of previous authorisation sanctioning the activity/action. This seems to be the one chansiri is referring to in the club statement. How much of it applies in this case im not sure but my source told me it was highly likely that all 3 would be applicable.. 1 2 Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted December 4, 2019 Share Posted December 4, 2019 7 minutes ago, owls-swfc said: Got a feeling this saga will run on much longer than Brexit TBH! Oh I do so hope it's been such a joy watching events unfold. Link to comment Share on other sites More sharing options...
dumboldowl Posted December 4, 2019 Share Posted December 4, 2019 39 minutes ago, full fathom five said: Hate the EFL but i fear this will end in tears and they will hammer us. Glad I'm not stood next to you in the trenches.I 1 Link to comment Share on other sites More sharing options...
jonnyowl Posted December 4, 2019 Share Posted December 4, 2019 This will drag out. 21 points deduction or relegation is unheard of and would be seen as majorly cracking the whip and could be very unfair compared to other punishments other clubs have received. This could go all the way to CAS! Link to comment Share on other sites More sharing options...
asteener1867 Posted December 4, 2019 Share Posted December 4, 2019 Ive criticised Chansiri often, and I think rightly, I never doubted his good intent, and faint praise that is..I know...but anyone who doesn't back him in this needs a long look themselves... Its something thats been coming a long time for us..some of that, no doubt down to DC's running of the club...one thing he isn't doing in this case tho ..is running. Its his money, its his club, its OUR club...Time to fight for it...and all being on the same side would help 1 3 Link to comment Share on other sites More sharing options...
OWLERTON GHOST Posted December 4, 2019 Share Posted December 4, 2019 46 minutes ago, Ever the pessimist said: Seriously is that the duck pond in THE park ? 1 Link to comment Share on other sites More sharing options...
dumboldowl Posted December 4, 2019 Share Posted December 4, 2019 Will Carling once described the geezers at H.Q. as " old farts in blazers", we could try the same with the FL, but I don't think flattery would work in this instance. Link to comment Share on other sites More sharing options...
Ever the pessimist Posted December 4, 2019 Share Posted December 4, 2019 Automatic relegation would jeopardise the whole integrity of the league - we would have no motivation to perform in any of our fixtures so it would be to some teams’ advantage. Link to comment Share on other sites More sharing options...
owls-swfc Posted December 4, 2019 Share Posted December 4, 2019 4 minutes ago, Ever the pessimist said: Automatic relegation would jeopardise the whole integrity of the league - we would have no motivation to perform in any of our fixtures so it would be to some teams’ advantage. Maybe leave decision until after completion of all fixtures?? Link to comment Share on other sites More sharing options...
asteener1867 Posted December 4, 2019 Share Posted December 4, 2019 2 minutes ago, owls-swfc said: Maybe leave decision until after completion of all fixtures?? If this goes to court ..I should imagine the season will be over before any decision is reached Link to comment Share on other sites More sharing options...
``` Posted December 4, 2019 Share Posted December 4, 2019 23 minutes ago, Anlaby Owl said: When the initial statement from the EFL came out i ALMOST commented on here. An acquaintence of mine who is qualified in such matters, had told me that the action of the EFL was likely to be unlawful on THREE (yes 3) counts which i have to admit i didn't completely understand. Two of these related to a restriction on trade that it seems none of the previous clubs to recieve sanctions had challenged. This lady specialises in financial law and told me the probable reason for this was that these clubs didn't want further scrutiny of their accounts but that as long as the companies accounts were accurate it was almost certain that the club would have no case to answer and the EFL would be forced to review its finacial rules if they were scrutinised in court. Another reason why i didnt post this on here earlier is that i couldn't get my head around the terminology used regarding the third count that basically says an organisation (usually regional councils but often a police force or the law its self) cannot punish someone/a company/organisation based on changes in legislation that occured after the event or in light of previous authorisation sanctioning the activity/action. This seems to be the one chansiri is referring to in the club statement. How much of it applies in this case im not sure but my source told me it was highly likely that all 3 would be applicable.. Just think if you had posted it. You could be strutting around Matchday tonight like a right billy big balls. Proper in the know. As it is though, your just left with ifs, buts and maybes. Unlucky Anlaby Owl. 9 Link to comment Share on other sites More sharing options...
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