sherlyegg Posted July 11, 2020 Share Posted July 11, 2020 Just now, jonnyowl said: Well if that was the case, I can imagine the team that finishes 3rd bottom will kick off big style! Yeah that's what i thought...sue the efl no doubt Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted July 11, 2020 Share Posted July 11, 2020 1 hour ago, doubleo said: Can anyone tell me ? - IF we are found guilty of including the ground sale in the wrong years accounts (and given a points deduction), does that mean that the monies from the sale are then included in the following years accounts (which would according to the EFL case, be the correct year )? Without doing the maths I assume that would give us some wriggle room regarding finances. A win win for Wednesday ! That would in effect mean that the EFL can force a restatement of the 2017/18 accounts. Link to comment Share on other sites More sharing options...
mogbad Posted July 11, 2020 Share Posted July 11, 2020 2 minutes ago, No 2 is r nilsson said: I was thinking the same. We’re 10 pts clear so maybe we’d be ok with 9 pt deduction (assuming we pick up a few more pts and Wigan lose 12). With a Covid year and not looking over our shoulder at previous years this might actually be a good result for us. That will depend on the state of the 2018-19 accounts which are due at the end of this month. 1 Link to comment Share on other sites More sharing options...
mogbad Posted July 11, 2020 Share Posted July 11, 2020 3 minutes ago, HarrowbyOwl said: That would in effect mean that the EFL can force a restatement of the 2017/18 accounts. I wouldn't have thought they have the authority to do that. Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted July 11, 2020 Share Posted July 11, 2020 1 minute ago, mogbad said: I wouldn't have thought they have the authority to do that. I doubt it too. Where’s MKOwl? Link to comment Share on other sites More sharing options...
darra Posted July 11, 2020 Share Posted July 11, 2020 1 hour ago, WalthamOwl said: Let’s hope you’re wrong OP. Can’t see us beating the drop of its 12. Especially as there's only 9.points to play for Link to comment Share on other sites More sharing options...
Nero Posted July 11, 2020 Share Posted July 11, 2020 I heard the sound of pork crackling... 1 Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 11, 2020 Share Posted July 11, 2020 2 minutes ago, HarrowbyOwl said: I doubt it too. Where’s MKOwl? The only way they could do it is report the club to the Financial Reporting Council - on the presumption we refused to do it. Though as its a private company be less interested than a quoted one - where external investors could be interested So zero authority Why I have always said lots of vested interest in the professional advisors in all this. If they were "wrong" and its public interest then I suspect my professional regulator the ICAEW would raise an eyebrow. Could even be a complaint made by the EFL. There could be a PI issue here as well, given the money involved So its not going to be conceded that easily. All I know give 2 accountants the same evidence they will see it different, Link to comment Share on other sites More sharing options...
doubleo Posted July 11, 2020 Share Posted July 11, 2020 9 minutes ago, mogbad said: I wouldn't have thought they have the authority to do that. Sorry but you've lost me. My point is that if the EFL/Panel find we entered the sale in the wrong years accounts, then, by my simple logic, I would have thought the money from the sale has to appear somewhere, ie the following year. Otherwise the profit from the sale would effectively be wiped out and would be a double penalty. This would help us on the 3 year rolling assessment. Link to comment Share on other sites More sharing options...
Rogers Posted July 11, 2020 Share Posted July 11, 2020 We just need to focus on the pitch and win our home games. Another 6 points should give us a 12 point buffer. I think the EFL have decided on a point deduction, they are just waiting whether they can relegate us this season or stuff us over next. 1 Link to comment Share on other sites More sharing options...
Hitcat Posted July 11, 2020 Share Posted July 11, 2020 WE WON'T GET A POINTS DEDUCTION. 2 Link to comment Share on other sites More sharing options...
Guest Posted July 11, 2020 Share Posted July 11, 2020 4 minutes ago, Rogers said: I think the EFL have decided on a point deduction, they are just waiting whether they can relegate us this season or stuff us over next. Right, the EFL don’t decide on anything , the Independant panel decide on punishments Link to comment Share on other sites More sharing options...
Rogers Posted July 11, 2020 Share Posted July 11, 2020 3 minutes ago, Royal_D said: Right, the EFL don’t decide on anything , the Independant panel decide on punishments Based on who’s rules? Do the panel have guidance or some sliding scale on punishments? Genuine question. How is the punishment decided? Link to comment Share on other sites More sharing options...
WalthamOwl Posted July 11, 2020 Share Posted July 11, 2020 1 minute ago, Rogers said: Based on who’s rules? Do the panel have guidance or some sliding scale on punishments? Genuine question. How is the punishment decided? i believe the EFL recommend a punishment and the panel have to decide if they agree with it. Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 11, 2020 Share Posted July 11, 2020 12 minutes ago, doubleo said: Sorry but you've lost me. My point is that if the EFL/Panel find we entered the sale in the wrong years accounts, then, by my simple logic, I would have thought the money from the sale has to appear somewhere, ie the following year. Otherwise the profit from the sale would effectively be wiped out and would be a double penalty. This would help us on the 3 year rolling assessment. Yes it would be included in the next years accounts - the transaction has happened so its got to be included sometime. Tbh re-stating accounts is reasonably common - clearly when I have done it it is due to complex technical matters and never that I forgot to do summat obvious Link to comment Share on other sites More sharing options...
William 1867 Posted July 11, 2020 Share Posted July 11, 2020 19 minutes ago, Hitcat said: WE WON'T GET A POINTS DEDUCTION. Are you ITK? Link to comment Share on other sites More sharing options...
Howards back Posted July 11, 2020 Share Posted July 11, 2020 You always know itsBS when the poster starts a thread and then disappears. Link to comment Share on other sites More sharing options...
slinger208b Posted July 11, 2020 Share Posted July 11, 2020 3 hours ago, Inspector Lestrade said: You might find there is a thread already on the subject. Or a topic... Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted July 11, 2020 Share Posted July 11, 2020 1 minute ago, slinger208b said: Or a topic... Even a Mars bar Link to comment Share on other sites More sharing options...
slinger208b Posted July 11, 2020 Share Posted July 11, 2020 1 minute ago, Inspector Lestrade said: Even a Mars bar Certainly not a thread... 1 Link to comment Share on other sites More sharing options...
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