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THE EFL HEARING THREAD


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16 minutes ago, Grandad said:

 

Yeah soz.

 

I just don't see how we can value Hillsborough at £60m just 2 years after DC bought the club (including Hillsborough) for £35m, then backdate it in the accounts to a time before the company that bought it was formed, with no transfer at the Land Registry until 2 years after the sale - without it looking dodgy

 

Regardless of whether weve got an email from someone at the EFL saying "Yeah - go for it"

 

I'd say its AT LEAST what Birmingham got with some extra thrown in for good measure. Applied this season.

 

Value and price are two separate things.

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Just now, bladeshater said:

Common sense really

 

If you didnt want to guess you could have just read and moved on though?

Don't you ever speculate about anything? 

 

It might rain tomorrow? Wednesday might win tomorrow? 

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21 minutes ago, Grandad said:

 

Yeah soz.

 

I just don't see how we can value Hillsborough at £60m just 2 years after DC bought the club (including Hillsborough) for £35m, then backdate it in the accounts to a time before the company that bought it was formed, with no transfer at the Land Registry until 2 years after the sale - without it looking dodgy

 

Regardless of whether weve got an email from someone at the EFL saying "Yeah - go for it"

 

I'd say its AT LEAST what Birmingham got with some extra thrown in for good measure. Applied this season.

2 years? I thought it was in the accounts in 2018 and on the land Registry in 2019?

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For those proposing a points deduction, what rule have we broken?

 

We've not been charged with breaching p&s, because we haven't (yet), therefore difficult to apply the penalty tariff widely referenced.

 

The misconduct charge covers issues not in the explicit rules and in our case relates to the timing and payment terms of the stadium transaction. 

 

EFL may not like it, and I agree its morally suspect  but, not an uncommon method of accounting for such transactions and perfectly lawful. The club had permission from EFL and the accounts signed off by auditors and the EFL (initially, when removing the enbargo).

 

If the EFL tried to bring this case in court, in the real world, it would get thrown out.

 

Misconduct covers a variety of sins, therefore the punishment similarly wide reaching. As the charges against individuals dropped, unlikely to prove any deliberate attempt to mislead.

 

The EFL have an awful lot to prove, in order to make any charge stick, against a club owner who won't roll over and be bullied. 

 

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2 minutes ago, striker said:

For those proposing a points deduction, what rule have we broken?

 

We've not been charged with breaching p&s, because we haven't (yet), therefore difficult to apply the penalty tariff widely referenced.

 

The misconduct charge covers issues not in the explicit rules and in our case relates to the timing and payment terms of the stadium transaction. 

 

EFL may not like it, and I agree its morally suspect  but, not an uncommon method of accounting for such transactions and perfectly lawful. The club had permission from EFL and the accounts signed off by auditors and the EFL (initially, when removing the enbargo).

 

If the EFL tried to bring this case in court, in the real world, it would get thrown out.

 

Misconduct covers a variety of sins, therefore the punishment similarly wide reaching. As the charges against individuals dropped, unlikely to prove any deliberate attempt to mislead.

 

The EFL have an awful lot to prove, in order to make any charge stick, against a club owner who won't roll over and be bullied. 

 


very good post. All makes sense but why is it taking so bloody long? EFL trying to save face? 

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