Guest domSWFC Posted December 5, 2019 Share Posted December 5, 2019 If Wednesday are going to push the case through to court and win, Forestieri could be in for a very lengthy ban. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted December 5, 2019 Share Posted December 5, 2019 4 minutes ago, Animis said: It could do - but how does this work. Have SWFC sent more documents following the charges on 14 November - the press release yesterday didn't imply this at all? If not, you can only assume the EFL had all the documents when all this was discussed and agreed in the Summer. Wasn't an investigation launched earlier this season and the charges arise from that? Link to comment Share on other sites More sharing options...
Animis Posted December 5, 2019 Share Posted December 5, 2019 6 minutes ago, rickygoo said: Wasn't an investigation launched earlier this season and the charges arise from that? Not sure - we were in a soft embargo, then we delayed the accounts, then we sold the ground. That's all I know. Seems to me we've been under the EFL microscope constantly for 18 months or so - since Summer of 2018 with Jos. Link to comment Share on other sites More sharing options...
room0035 Posted December 5, 2019 Share Posted December 5, 2019 2 minutes ago, Animis said: It's just a term - DC agreed (in theory) to buy the ground in the 2017/18 accounts period. He agreed Heads of terms and a legally binding contract. This has been entered into the accounts as a sale, in name to show the 'transaction and adjustment in the accounts to show us having a profit of £2m. I understand from the accountants on here that this is all perfectly acceptable in Accountancy practice. DC then sets up a company in 2019 to formally 'complete' the sale. Again, all perfectly acceptable. The Land Registry Registration is then completed. SWFC appear to have shared all this with the EFL and they said 'right you go then'. Nothing to see here as far as we know. The problem DC has is proving the time line. I seem to remember in January 2019 - 6 months after his reported sale of the ground to a third party company that we would break FFP by an 8 figure sum, his words not mine. But if in fact he had sold the ground 6 months early he would not have broken any losses limits. https://www.swfc.co.uk/news/2019/january/dejphon-chansiri-statement/ Which do we believe what DC told us in January 2019 supposedly 6 month after selling the ground that we would break the limits without promotion or the last few months when we were told the ground was sold June 2018 which would have made his club statement in January 2019 completely wrong as far as the breach of the P&S limits. Link to comment Share on other sites More sharing options...
Popular Post HOOTIE AND THE SHIT TU Posted December 5, 2019 Popular Post Share Posted December 5, 2019 This will drag on for a couple of years FFP will be deemed a restriction of trade Parachute payments will be deemed unfair and not in the spirit of the game and abolished Just in time for our relegation from the Premier League It's the Wednesday way 10 Just a bloke, who used up all his luck in one go when he met his wife. Link to comment Share on other sites More sharing options...
Animis Posted December 5, 2019 Share Posted December 5, 2019 1 minute ago, room0035 said: The problem DC has is proving the time line. I seem to remember in January 2019 - 6 months after his reported sale of the ground to a third party company that we would break FFP by an 8 figure sum, his words not mine. But if in fact he had sold the ground 6 months early he would not have broken any losses limits. https://www.swfc.co.uk/news/2019/january/dejphon-chansiri-statement/ Which do we believe what DC told us in January 2019 supposedly 6 month after selling the ground that we would break the limits without promotion or the last few months when we were told the ground was sold June 2018 which would have made his club statement in January 2019 completely wrong as far as the breach of the P&S limits. It's the fact that we have 'shown' - financially, that the ground sale was in 2017/18 accounts' period. Theoretically DC may not have thought about it until the Spring of 2019, or perhaps he discussed it with KM before she left in Feb 2019. It can't be a coincidence that the delayed publishing of accounts in June to July was linked to the 'sale'. DC only had to show the contractual set up of the transaction which was approved by the auditors under accountancy rules, and just formed a company to complete the sale in June 2019. All perfectly 'legal', but as you say the EFL may think this is against the spirit of their rules? Link to comment Share on other sites More sharing options...
Uncle Mort AMB Posted December 5, 2019 Share Posted December 5, 2019 1 minute ago, room0035 said: The problem DC has is proving the time line. I seem to remember in January 2019 - 6 months after his reported sale of the ground to a third party company that we would break FFP by an 8 figure sum, his words not mine. But if in fact he had sold the ground 6 months early he would not have broken any losses limits. https://www.swfc.co.uk/news/2019/january/dejphon-chansiri-statement/ Which do we believe what DC told us in January 2019 supposedly 6 month after selling the ground that we would break the limits without promotion or the last few months when we were told the ground was sold June 2018 which would have made his club statement in January 2019 completely wrong as far as the breach of the P&S limits. Yes but did DC or the other clubs know then that the EFL would ok the sales, Derby didn't get the ok till after 2nd April 2019. Link to comment Share on other sites More sharing options...
S36 OWL Posted December 5, 2019 Share Posted December 5, 2019 All will be Reyt's, we have friends Link to comment Share on other sites More sharing options...
room0035 Posted December 5, 2019 Share Posted December 5, 2019 2 minutes ago, Animis said: It's the fact that we have 'shown' - financially, that the ground sale was in 2017/18 accounts' period. Theoretically DC may not have thought about it until the Spring of 2019, or perhaps he discussed it with KM before she left in Feb 2019. It can't be a coincidence that the delayed publishing of accounts in June to July was linked to the 'sale'. DC only had to show the contractual set up of the transaction which was approved by the auditors under accountancy rules, and just formed a company to complete the sale in June 2019. All perfectly 'legal', but as you say the EFL may think this is against the spirit of their rules? What accounting rules do you mean when you say under accounting rules. All the auditors need to show is a true and fair view - the club is still owned by the same person now that owned it 4 years ago but by differing companies, so as auditors they have provide that. It is up to the club and their legal advisers to prove that the transaction happened when they say it did. The EFL don't think it did and they seem to think they have documents to prove it provided by the club to them, the club say the EFL signed off on everything and believe they have not acted in a way that would lead to any misconduct charges and too have documents to prove the EFL signed off on everything. We are going to find out shortly which side is correct - I hope for every Sheffield Wednesday fan it is the club because if it is not the potential repercussions don't bare thinking about. How about we focus on what happens on the pitch and pray those off it get this sorted very very quickly. So we can start worrying about the starting 11 again and not fines and points deductions and transfer embargos. Link to comment Share on other sites More sharing options...
owlse Posted December 5, 2019 Share Posted December 5, 2019 16 minutes ago, S36 OWL said: All will be Reyt's, we have friends We also have a lot of enemy’s Link to comment Share on other sites More sharing options...
sonofbert2 Posted December 5, 2019 Share Posted December 5, 2019 19 minutes ago, S36 OWL said: All will be Reyt's, we have friends 1 Link to comment Share on other sites More sharing options...
sherlyegg Posted December 5, 2019 Share Posted December 5, 2019 1 hour ago, rickygoo said: The EFL are talking about documents they hadn't seen before in relation to the misconduct charge. That could change the picture considerably. Yeah it all seems quite easy to prove, DC says he has emails to show they knew. The efl say they haven't..so the efl has lost them at their end. Or one side is incompetent or worse, which would be so easy to prove, you would think. Link to comment Share on other sites More sharing options...
Owls-Fan Posted December 5, 2019 Share Posted December 5, 2019 1 hour ago, HOOTIE AND THE poo TU said: This will drag on for a couple of years FFP will be deemed a restriction of trade Parachute payments will be deemed unfair and not in the spirit of the game and abolished Just in time for our relegation from the Premier League It's the Wednesday way the Wednesday way would be promoted in the play off final next May - scenes. The following day the EFL announce “Following an investigation we find Sheffield Wednesday guilty and they will be immediately demoted to league 1. Their forward Fernando Forestieri will also serve a 6 game ban following this investigation. Although there was no evidence to confirm Mr Forestieri was involved in creating or filing the club’s accounts, his association with the club means the EFL also find him guilty of these charges”, 1 Link to comment Share on other sites More sharing options...
Howards back Posted December 5, 2019 Share Posted December 5, 2019 1 hour ago, domSWFC said: If Wednesday are going to push the case through to court and win, Forestieri could be in for a very lengthy ban. Yawn. !!!! 1 1 Link to comment Share on other sites More sharing options...
pat blondeau Posted December 5, 2019 Share Posted December 5, 2019 The Forestieri joke has been made more times now than the snooker table joke on Valentine’s Day Link to comment Share on other sites More sharing options...
HIGHERSTATE Posted December 5, 2019 Share Posted December 5, 2019 6 minutes ago, Howards back said: Yawn. !!!! I love how that joke gets repeated every two pages. I like the routine of it Link to comment Share on other sites More sharing options...
Howards back Posted December 5, 2019 Share Posted December 5, 2019 Just now, HIGHERSTATE said: I love how that joke gets repeated every two pages. I like the routine of it Yes fessie will get a six match ban if labour win the election Link to comment Share on other sites More sharing options...
markowl Posted December 5, 2019 Share Posted December 5, 2019 6 minutes ago, nilsson said: The Forestieri joke has been made more times now than the snooker table joke on Valentine’s Day Carlos' boyhood club is still the leader by miles though. 1 2 Link to comment Share on other sites More sharing options...
striker Posted December 5, 2019 Share Posted December 5, 2019 4 minutes ago, Howards back said: Yes fessie will get a six match ban if labour win the election Worse than that Corbyn want to nationalise him for the state Swfc to get government bonds, redeemable in 2030 1 Link to comment Share on other sites More sharing options...
Dick_Turpin Posted December 5, 2019 Share Posted December 5, 2019 9 minutes ago, HIGHERSTATE said: I love how that joke gets repeated every two pages. I like the routine of it I miss the Pope though Link to comment Share on other sites More sharing options...
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