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14 minutes ago, Bluesteel said:

Imagine if we sold the stadium and then snaffled some compensation from the EFL.

 

If only. 
 

I wonder if we reached an agreement with the former EFL boss only for the new one to fail to realise. It does seem like weve just aired our case to the world though when we should be keeping our powder dry on the detail for the actual hearing 

 

You can't 'keep your powder dry' or ambush people in legal proceedings these days, all gotta be set v explicitly in written statements and evidence 

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8 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. 
 

91346AAF-8428-4BBE-940A-D9392D356CE7.jpeg


Ive thought this for a while now.

 

Efl could put a club out of business by using rules designed to stop clubs going out of business.

 

Ffs

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1 minute ago, flying-owl said:


Ive thought this for a while now.

 

Efl could put a club out of business by using rules designed to stop clubs going out of business.

 

Ffs

 

Bonkers innit.

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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.

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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.

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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 by akbuk
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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

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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. 

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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. 
 

91346AAF-8428-4BBE-940A-D9392D356CE7.jpeg

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...

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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..

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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!

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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

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