Green Howard Owl Posted December 4, 2019 Share Posted December 4, 2019 Cannon to right of them Cannon to the left of them Cannon to the front of them Volleye'd and thunder'd Stormed at with shot and shell Boldly they rode and well into the jaws of the EFL Rode the Wednesday FC 5 1 Link to comment Share on other sites More sharing options...
The Wall Posted December 4, 2019 Share Posted December 4, 2019 Go on Dejphon This whole situation strikes me as the EFL deciding retrospectively that what we did was wrong. I'm not an accountant, so happy to be put right on this, but unless the EFL have stated their own bespoke accounting practices, then presumably the default is standard industry practice. If we've followed general accounting practice, then the EFL are way out on a limb here. If DC asks "where does it say I can't do this?" and the EFL have no answer, then they're f*cked, and we should take them to the cleaners Link to comment Share on other sites More sharing options...
trumbullowl Posted December 4, 2019 Share Posted December 4, 2019 Late into the evening, pack of fags, bottle of scotch, notepad and paper.....it's DC's way. Link to comment Share on other sites More sharing options...
Halifax Owls Posted December 5, 2019 Share Posted December 5, 2019 Well, looks like we’re balls deep up to the clutch pads. Hopefully we are able to back the rhetoric up. Sale and lease back as grubby as it is (just look at your local High Street dying on its arze) is quite a normal business practice which presumably has been signed off by accountants. Like most things there’s probably politics behind the scenes driving agendas. I’m not a happy clapper, far from it but there’s no other option but to back your football club. Id be interested to know how our action against Newcastle is going or has that been swept under the carpet? Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted December 5, 2019 Share Posted December 5, 2019 In case anyone is interested on why the swfc defense applies to EFL: https://www.sportresolutions.co.uk/news/view/a-legitimate-expectation-defence-to-sports-regulatory-action 2 2 Link to comment Share on other sites More sharing options...
Dick_Turpin Posted December 5, 2019 Share Posted December 5, 2019 2 hours ago, prowl said: If you were previously a bankruptcy accountant or advisor you know your statement is disingenuous Liabilities exceeding assets isn't necessarily a problem if investors are prepared to support a fundraising. SW is not like a company with shareholders. This company effectively has one shareholder, Chansiri. If the value of the assets is low DC writes a cheque. Until he doesn’t. Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted December 5, 2019 Share Posted December 5, 2019 8 hours ago, rickygoo said: Guilty of dragging the club into insolvency. FAR TOO EXCITED ! Link to comment Share on other sites More sharing options...
jomaco Posted December 5, 2019 Share Posted December 5, 2019 2 hours ago, Halifax Owls said: Well, looks like we’re balls deep up to the clutch pads. Hopefully we are able to back the rhetoric up. Sale and lease back as grubby as it is (just look at your local High Street dying on its arze) is quite a normal business practice which presumably has been signed off by accountants. Like most things there’s probably politics behind the scenes driving agendas. I’m not a happy clapper, far from it but there’s no other option but to back your football club. Id be interested to know how our action against Newcastle is going or has that been swept under the carpet? Yeah and the hirst thing, if we got money for that for instance might have been helpful - the EFL/PL should have come down strong on that one, might be wrong but not heard anything myself we get punished for another loophole people have used - they signed it off, and now with gibson's complaints looked at it trying to find something wrong Can only support the club and see where we end up on this one! Link to comment Share on other sites More sharing options...
marcx666 Posted December 5, 2019 Share Posted December 5, 2019 Aye, the EFL "rules" which are solely devised to keep the prem a closed shop. Failure payment for relegated prem clubs, while introducing FFP, which again are to keep the Prem a closed shop, to "stop clubs going out of business", while Bury have gone out of business, Macclesfield could be next, Bolton, Coventry, Blackpool almost did. Prem clubs using loopholes to avoid paying compensation for lower league young players. The "Fit and Proper Persons test", which does everything apart from make sure fit and proper people own clubs. English football needs a total wipeout FIFA style, to get rid of the corrupt, inhouse nature of the governing bodies, and level the playing field so clubs actually have a chance at being promoted and a fair chance is had. Link to comment Share on other sites More sharing options...
nbupperthongowl Posted December 5, 2019 Share Posted December 5, 2019 6 hours ago, Morepork said: Indeed, its an interesting development and the club statement is quite unequivocal. It potentially opens the door for some form of mediation if for instance those involved at the EFL hadn't supplied all relevant information to their legal representatives, all speculation and conjecture of course. Obviously, I'm pleased to see DC fighting and hope for a positive outcome but none of this should distract from the underlying reasons of why we are in this position. I think DC is opening the door for 'proper' legal action by us....... should he feel that we get shafted in an EFL kangaroo court, as we did with FF Feels like a sensible approach as it puts some pressure back on them Link to comment Share on other sites More sharing options...
MrsHall Posted December 5, 2019 Share Posted December 5, 2019 12 hours ago, Mycroft said: Wednesday aggro hello hello Wednesday aggro hello hello UTO. Link to comment Share on other sites More sharing options...
SwellOwl Posted December 5, 2019 Share Posted December 5, 2019 EFL will probably try and come down on us harder now but fair play to the club taking it to them. About time other clubs did the same. EFL will hate this publicity and may back down and re-think this ridiculous system. Fully supporting Chansiri. Link to comment Share on other sites More sharing options...
steelowl Posted December 5, 2019 Share Posted December 5, 2019 9 hours ago, Sergeant Tibbs said: Is he as good as Petrocelli ? oh yes, rumpole would get us off this, open and shut case if our statement holds water Link to comment Share on other sites More sharing options...
Morepork Posted December 5, 2019 Share Posted December 5, 2019 (edited) I'll post this here as it may get more attention. - https://soundcloud.com/user-611094179/pub-statement?fbclid=IwAR2tl-q1QNEjNmDZ0o50WfYMPurUtfOC7TzHQ04INO6PMPctrAZ-1azhtno Great chat on the Owls Americast, between them the lads cover pretty much most of what we know about the issues facing the club. A really a worthwhile listen. Edited December 5, 2019 by Morepork Link to comment Share on other sites More sharing options...
Guest The Horse Posted December 5, 2019 Share Posted December 5, 2019 I always thought anything to do with the EFL was all dealt with internally. That any dispute could not be subject to a real legal challenge in proper courts as all clubs agreed to the EFL as the ruling body. How will this get to 'real' court? Link to comment Share on other sites More sharing options...
striker Posted December 5, 2019 Share Posted December 5, 2019 6 minutes ago, The Horse said: I always thought anything to do with the EFL was all dealt with internally. That any dispute could not be subject to a real legal challenge in proper courts as all clubs agreed to the EFL as the ruling body. How will this get to 'real' court? I think the point is that our accountant/auditor signed off the accounts, compliant with HMRC and importantly we sought permission from the EFL for the ground sale before proceeding and received authorisation, subsequently having the accounts ratified when submitted. The EFL have now retrospectively raised this issue and quite correctly DC will reserve the right to use the law to intervene if necessary. Pressure firmly on the EFL now, they dont have unlimited resources to pursue and if the evidence noted in our statement is accurate, don't think they would win. I'm not happy this situation has arisen, (only a matter of time due to idiotic and outdated FFP rules) but proud we are taking a stand. Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted December 5, 2019 Share Posted December 5, 2019 (edited) 30 minutes ago, The Horse said: I always thought anything to do with the EFL was all dealt with internally. That any dispute could not be subject to a real legal challenge in proper courts as all clubs agreed to the EFL as the ruling body. How will this get to 'real' court? Because sports governing bodies are expected to apply the principles of public law. Club isn't arguing that it didn't get into a mess but that it fully communicated with EFL throughout, sought agreement with h them to go ahead with transaction and were told throughout that it was ok, then after event charged them with doing same action they had already agreed. Under this the argument is that by raising the charges they are unlawful under public law. Also, club is disputing the content of charges that they did nothing wrong and it was valid to include the sale in the 2018 accounts. I'd still give club benefit of doubt on 2nd point as a the accounting treatment and evedence would have been examined by the auditors. Edited December 5, 2019 by wellbeaten-the-owl Link to comment Share on other sites More sharing options...
Guest Bulgaria Posted December 5, 2019 Share Posted December 5, 2019 Well, our chairman definitely has some balls. I really hope we come out of this smelling of roses because if we don't, the poo is gonna hit the fan. Has any club taken on the powers that be before? Link to comment Share on other sites More sharing options...
BARMYARMY2010 Posted December 5, 2019 Share Posted December 5, 2019 2 minutes ago, Bulgaria said: Well, our chairman definitely has some balls. I really hope we come out of this smelling of roses because if we don't, the poo is gonna hit the fan. Has any club taken on the powers that be before? Swindon and Tottenham from memory,sure there are others as well. Link to comment Share on other sites More sharing options...
prowl Posted December 5, 2019 Share Posted December 5, 2019 46 minutes ago, The Horse said: I always thought anything to do with the EFL was all dealt with internally. That any dispute could not be subject to a real legal challenge in proper courts as all clubs agreed to the EFL as the ruling body. How will this get to 'real' court? If any governing body like EFL oversteps the mark there is always the legal option. The courts can rule on some things , maybe not everything. AS I understand it EFL is run like a trade organisation, the rules are set by the members, if the clubs don't like the rules they can vote to change them. Sometimes such systems breakdown and all the clubs gang up on one and try to disadvantage it. (I'm talking generally, not about us). There has got to be a system to rectify something that is totally unfair, that's the courts. Remember Bosman, the clubs all wanted to keep players under contract, the courts found that was unfair to the players and ruled the system was unfair. Despite football not liking it the courts forced them to accept the new rules. Link to comment Share on other sites More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now