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EFL- Sheff Wednesday - Derby

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10 minutes ago, theowlsman said:

I’m going to set up a website. 

 

I’ll shortly be selling “Feck the EFL” t-shirts and mugs. Let me know if you’re interested.

 

All have been given the go ahead by independent valuers.

 

The t-shirts are £35.99 each and the mugs £17.99.

 

You should be able to shift few on here.  I'll give you a couple of suckers customers @OWLERTON GHOST and @Costello 77 

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We play Derby soon, be great if all 4 sides of the ground sang 'F00k the EFL' together

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35 minutes ago, Ash76 said:

 

According to Kieran Maguire they're actually looking to reduce the number of teams, or rather the elite clubs are

 

Maguire has no credibility - he is a self proclaimed "expert" no more than that. 

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16 minutes ago, fpowl said:

It’s been poorly put together and governed previous chairmen were racking huge debts up against clubs and then leaving them in financial turmoil by either pulling out or not having the finances to pull the clubs out of it 

 

for these reasons I completely agree with the idea of it however wealthy chairman that are wanting to invest their own money should be able to if they can guarantee the clubs will be sustainable if they were to leave 

 

so if chansiri wanted to gift the club money and take dividends back up on the promotion to the premier league then it should be allowed if he wanted to increase the wage bill he should be able to gift the club the working capital over the a set period or act as a the guarantor for that period that way if he pulls out the club are still safe untill they can reduce the operating costs back to the original or sustainable level

 

the EFLs rules means chairman have to find creative ways to inject cash in to the club to enable them to invest 

 

selling grounds sponsoring shirts and stands making up new bull revenue streams it’s all nonsense 

 

if wealthy chairmen can provide financial funding and act as guarantors they should be able to its their money 

Pretty much sums up my thoughts on this matter. I would add to this suggesting that  the funds to cover player wages are put in escrow to 100% guarantee speculative spending can be fully honoured. 

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51 minutes ago, prowl said:

Personally I agree with the idea of FFP but it's practical application has been a disaster. (Parachute payments apart)

 

It did seem to have some merit when there were possible sanctions but the main focus was in helping the clubs abide by the financial plans with points deductions if they breached the agreed plan. That was what happened with Birmingham, they breached the regulations, agreed a plan to get on side and then proceeded to buy a player and breached the agreed budget. They got what they deserved. They wouldn't have been penalised if they stuck to the budget. Even then the independent panel castigated the EFL because the rules weren't clear and the points deduction was reduced.

 

The problem then became ground sales, apparently the EFL never intended to allow that to happen but the rules as written allowed it. Clubs took the opportunity to raise money and the whole thing became a shambles. No good Parry coming in and trying to retrospectively change the rules and penalise us and Derby. That is not allowed in English law. If we had agreement to our actions in writing and EFL are trying to find a loophole to bring us to heel they are on very shakey ground.

 

I did have my doubts if the clubs case was as sound as we were led to believe but now Derby have raised the same questions about the EFL's actions it looks like we might be on solid ground. I hope we are.

Not sure if I've had too many  beers but, (in comparison).. How did FF get stung outside the juristiction of English Law, having already been penalised the year before? (fine x match ban twice?), despite this being dismissed.   IMO, I would also  pursue this legal argument retrospectively in principle! 

 

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1 minute ago, Castleford Owl said:

9B56ECC4-EF56-4364-A560-1658E6B793BA.jpeg

Bah gawd the EFL are being whipped like a government mule! What a slobberknocker! (That JR would score more than our JR too btw)

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2 minutes ago, mkowl said:

 

Maguire has no credibility - he is a self proclaimed "expert" no more than that. 

 

He will be at home on OT then.  We are all legal experts at the moment. :biggrin:

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22 minutes ago, fpowl said:

It’s been poorly put together and governed previous chairmen were racking huge debts up against clubs and then leaving them in financial turmoil by either pulling out or not having the finances to pull the clubs out of it 

 

for these reasons I completely agree with the idea of it however wealthy chairman that are wanting to invest their own money should be able to if they can guarantee the clubs will be sustainable if they were to leave 

 

so if chansiri wanted to gift the club money and take dividends back up on the promotion to the premier league then it should be allowed if he wanted to increase the wage bill he should be able to gift the club the working capital over the a set period or act as a the guarantor for that period that way if he pulls out the club are still safe untill they can reduce the operating costs back to the original or sustainable level

 

the EFLs rules means chairman have to find creative ways to inject cash in to the club to enable them to invest 

 

selling grounds sponsoring shirts and stands making up new bull revenue streams it’s all nonsense 

 

if wealthy chairmen can provide financial funding and act as guarantors they should be able to its their money 

How would you secure such a guarantee and if breached how would you pursue it against an owner based in say Thailand.

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2 minutes ago, mkowl said:

 

Maguire has no credibility - he is a self proclaimed "expert" no more than that. 

 

He is an absolute prat who posts half facts and hate the fact outlets like BBC give him an ounce of airtime 

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3 minutes ago, kobayashi said:

How would you secure such a guarantee and if breached how would you pursue it against an owner based in say Thailand.

Money for player contracts goes into escrow. It’s that easy.

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Going to get interesting next season too if Villa drop.

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Obviously we don’t know the intricacies but if events have happened based upon written consent, then you could easily argue it was done in good faith

 

Therefore I can only see three possible permutations where clubs could get into hot water:

 

1. providing incorrect or misleading evidence  / documentation leading to the approval

 

2. executing upon something different to which consent was given

 

3. failure to provide written evidence of consent

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3 minutes ago, Bukta said:

Money for player contracts goes into escrow. It’s that easy.

Not one owner of an EFL club would be prepared to put tens of millions into an escrow account to cover the value of player contracts. 

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Just now, kobayashi said:

Not one owner of an EFL club would be prepared to put tens of millions into an escrow account to cover the value of player contracts. 

What makes you say that? It’s already a balance sheet liability. 

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4 minutes ago, Bukta said:

What makes you say that? It’s already a balance sheet liability. 

No it isn’t - a players future salary  is not a BS liability. Players salaries are charged to the income statement as they are earned just like any other employee.

Edited by kobayashi

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Just seen a tweet that says EFL have told Derby they made a mistake signing off on accounts but are now backtracking on that and want to charge them, presumably this also applies to us and suggests we do indeed have e mails permitting the ground sale if this is true I think we may be in the clear. They appear to have shot them selves in the foot

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1 minute ago, jamiejohn said:

Just seen a tweet that says EFL have told Derby they made a mistake signing off on accounts but are now backtracking on that and want to charge them, presumably this also applies to us and suggests we do indeed have e mails permitting the ground sale if this is true I think we may be in the clear. They appear to have shot them selves in the foot

If, and it's a big if considering nothing in the public domain (although more realistic, the more clubs cite evidence) there is written agreement in evidence, the more this looks like a vanity exercise by the EFL to appease the likes of Gibson.

 

The EFL are following a process, but cannot realistically expect to win against compelling evidence in a proper court of law, as opposed to their own kangaroo court, where they interpret the rules as they go along.

 

The lawyers for two clubs have reviewed the evidence and decided not just to defend, but categorically argue that the charges themselves are unlawful, before they even get to the point of discussing the charges. This is a bold tactic, unprecedented and  a decision that wouldn't have be taken lightly without strong evidence in their favour.

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22 minutes ago, kobayashi said:

No it isn’t - a players future salary  is not a BS liability. Players salaries are charged to the income statement as they are earned just like any other employee.

Sorry let me word that differently. It’s already an unavoidable future cost.

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Just had a look on Wayne Rooney's Derby County forum....they is reyt mad...They say they ain't going to sing any anti EFL songs because they say, we (Wednesday fans) will claim we sung em first.

lol

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