Jump to content

Recommended Posts

2 minutes ago, Ferkorf said:

Birmingham only got 9 points deducted and they spent over 39 million more than what they should have but from what I can remember the season before the Efl basically warned them and agreed a spending plan with the to help them also a ban on registering players mid 2018. Their chairman then went on to sign 4 or 5  players including pederson for 2 or 3 million then the Efl ended up slamming them infront of the independent panel. After a week long hearing they gave them a 9 point dediction

I think you’ve some bits of that the wrong way round 

Link to post
Share on other sites
7 hours ago, Dot said:

the amount of "heard from a reliable source" rubbish is  becoming a joke...heard from a reliable source it will be announced in the next 24 hours blah blah blah

 

I haven't heard anything what so ever from "reliable sources", but applying some logic

 

there's us, Derby and don't forget Reading facing these charges about selling the ground... announcing a ruling on one of them is going to set a precedent, I think the EFL have dug themselves a massive hole, maybe waiting till all cases have been heard.

 

and that's not based on my mate texting me etc etc....just an opnion

At this rate Barnsley could end up in the playoffs.

  • Haha 5
Link to post
Share on other sites

Seriously though, this is an absolute joke. 
 

Not only is this unfair on our club and its fans, it’s unfair on every other club in the bottom half of the division. Nobody knows where they stand. 
 

This hearing is now coming to the end of its third week. What the hell is going on?

 

  • Like 2
Link to post
Share on other sites
Guest Ferkorf
7 minutes ago, bazapeps said:

I think you’ve some bits of that the wrong way round 

Which bits? And cheers for letting me know. Like I said Im only going from vague memory

Edited by Ferkorf
Link to post
Share on other sites
9 hours ago, Ian said:

im struggling to see how, if proved, spending too much money get the same or worse penalty than going in to administration and not paying for the money you have spent with potentially horrendous life changing consequences for innocent people


whilst I agree with what you have put aren’t we being charged for the selling of the ground and putting in the wrong years accounts. It isn’t just a case of us spending to much money. 

Link to post
Share on other sites
7 minutes ago, WalthamOwl said:


whilst I agree with what you have put aren’t we being charged for the selling of the ground and putting in the wrong years accounts. It isn’t just a case of us spending to much money. 

Probably, but only EFL think that; Auditors, HMRC don't. It was a perfectly lawful transaction. 

 

We can only be deducted points if EFL successfully argue part or all of the ground sale transaction be excluded from P&S calculations. Our defence of reasonable reliance is a strong one. Having been told we could do this, denied opportunity to take other measures which otherwise may have meant we wouldn't breach P&S limits.

  • Like 1
  • Love 1
  • Thanks 1
Link to post
Share on other sites
1 minute ago, Grandad said:

This MUST be announced today? Surely?

 

image.png.b66c3f174da8f95d0ec433f60f698ae4.png

Announcement 5pm my sauce says. 

 

My sauce is only Daddies as my preferred HP sauce is a bit expensive. 

Link to post
Share on other sites
36 minutes ago, striker said:

Probably, but only EFL think that; Auditors, HMRC don't. It was a perfectly lawful transaction. 

 

We can only be deducted points if EFL successfully argue part or all of the ground sale transaction be excluded from P&S calculations. Our defence of reasonable reliance is a strong one. Having been told we could do this, denied opportunity to take other measures which otherwise may have meant we wouldn't breach P&S limits.

HMRC would not be involved  unless they believed this is an avoidance of paying tax as and when it fell due

 

The auditors  will say that the accounts were prepared  and produced on  the information provided by the club.

 

The issue is the ground was sold to a limited company that didnt exist at the time the club say the transaction took place.  The EFL will say the club did this to avoid a points deduction. I assume( just my opinion) that the EFL will insist that the transaction is shown in the correct set of accounts ( the following year) . If the panel agrees, there will be a points deduction as the losses will be over £39mill over the rolling 3 years 

Edited by ATBS
Link to post
Share on other sites
2 hours ago, latemodelchild said:

Worryingly, I've woken up a bit more optimistic this morning. No idea why, but it usually means Wednesday are about to slam me in the plums. 

 

Maybe we've done some accountancy practices that aren't actually legislated for or against in the EFL rules. A loophole if you like. The EFL are wanting to punish us but our accountants who signed it off are saying we have done nothing wrong. Right at the start of all this, posters on here who I trust were saying that if the accounts had been signed off then the firm that did it must have been sure they were OK. This isn't play time, it's serious business with real world ramifications and hard won reputations on the line. Ever since I read those posts I've had a bit of hope. Independent panel or not, no firm is going to risk it because the consequences are grave. If we have had the go ahead from someone at the EFL, whether they're still there or not, then we will have a paper trail. 

 

Obviously the other side of that coin is that if it was as open and shut as how I've outlined above then would we all still be waking up to Sonny and Cher 3 weeks after it all started? 

Why do I get this strange feeling of deja-vu, and ground hog day. 

Link to post
Share on other sites
3 minutes ago, ATBS said:

HMRC would not be involved  unless they believed this is an avoidance of paying tax as and when it fell due

 

The auditors  will say that the accounts were prepared  and produced on  the information provided by the club.

 

The issue is the ground was sold to a limited company that didnt exist at the time the club say the transaction took place.  The EFL will say the club did this to avoid a points deduction. I assume( just my opinion) that the EFL will insist that the transaction is shown in the correct set of accounts ( the following year) . If the panel agrees, there will be a points deduction as the losses will be over £39mill over the rolling 3 years 

I thought the club said in one of their press releases before that they had email correspondence from the EFL authorising the backdating of the stadium sale. 

Link to post
Share on other sites
7 minutes ago, Orlando_Trustful said:

I thought the club said in one of their press releases before that they had email correspondence from the EFL authorising the backdating of the stadium sale. 

Not seen that press release. Even if that was the case, it would surely have to be sold to a company that existed at the time the transaction is said to have taken place.

 

If the EFL have indeed sent an email to the club saying the sale could be backdated AND sold to a company that didnt exist at the time of the transaction, the hearing would only have lasted a few minutes

  • Like 1
Link to post
Share on other sites

I'm still trying to figure out how we explain to the hearing how we managed to sell the stadium to a company that didn't exist at the time. 

  • Like 2
Link to post
Share on other sites
Guest Ferkorf
2 minutes ago, S36 OWL said:

I'm still trying to figure out how we explain to the hearing how we managed to sell the stadium to a company that didn't exist at the time. 

That's not what they are after us for, if they push that on us the case needs to start again which in fairness would easily see us avoid a deduction this season. Also if they open up that can of worms then its going to be a long process as many other clubs owners have their own imaginary companies funneling money into the clubs.

Link to post
Share on other sites
Guest Ferkorf
1 minute ago, S26 Owl said:

Decision today. 21 points, 9 suspended incase we mess up again.

 

My prediction

 

Wowzers... where did you hear that one? 

Link to post
Share on other sites
1 minute ago, Ferkorf said:

That's not what they are after us for, if they push that on us the case needs to start again which in fairness would easily see us avoid a deduction this season. Also if they open up that can of worms then its going to be a long process as many other clubs owners have their own imaginary companies funneling money into the clubs.

 

I agree most club owners will have shell companies, but the key here is ours did not exist at the time Chansiri claimed he sold the stadium to them 

Link to post
Share on other sites
Guest
This topic is now closed to further replies.
×
×
  • Create New...