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THE EFL HEARING THREAD


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4 hours ago, billyblack said:

I just think we had agreement to sell the ground. I cant believe for one moment that the EFL would agree to us backdating it for a year.

Or at least we dont have very strong written indications that they did. 

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23 minutes ago, Nero said:

Youre spot on with the figures. I'm just assuming that the value of the ground is coincidentally going to make us go below the 39m rolling loss this year. 

 

 

Isnt it assessed every three years? So now we have passed one three year mark we can do what we like as long as we get promoted within three years. (Which would be another stupid gamble)

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1 minute ago, Daizan10 said:

Isnt it assessed every three years? So now we have passed one three year mark we can do what we like as long as we get promoted within three years. (Which would be another stupid gamble)

 

 No its a rolling three year period assesed every year.

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10 minutes ago, HIGHERSTATE said:

Nowt like being facetious.

 

I was just agreeing with all he said.

 

It's up to you to counter argue with it, if you choose.

No point he's pre-emptied the outcome...if you agree then no doubt Dorris Stokes has a job for you...and you will of course know what wages she's offering.

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2 minutes ago, sherlyegg said:

No point he's pre-emptied the outcome...if you agree then no doubt Dorris Stokes has a job for you...and you will of course know what wages she's offering.

It is possible to form an opinion of DC on past activity.

 

We shouldn't be in this position at all.

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1 hour ago, billyblack said:

Yeah. Agreed.

 

When DC's gone

Replaced by who or what?

 

You seem one of the main exponent's of getting rid.

 

Got a few hundred mill to throw at it have you?

 

Maybe we give Mammadov another shot. Maybe he's changed his ways.

 

Maybe we get a consortium of Sheffield penny millionaires, if they can be arsed.

 

 

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41 minutes ago, Jeffjohnsonmyhero said:

How long do these cases last ? Surely its a case of paperwork  when signed ,And if its in the time scale 

 

They last as long as the lawyers can possibly make them drag on, so whatever the result they line their pockets as much as they can.

 

it was ever thus.

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2 hours ago, Daizan10 said:

Isnt it assessed every three years? So now we have passed one three year mark we can do what we like as long as we get promoted within three years. (Which would be another stupid gamble)

 

Even if we somehow get away with this EFL charge,  the stadium sale only helped turn in a small profit last year instead of making an even huger loss than usual. We haven't done much to reduce that loss this year (was it about £37m before the sale?), Joao left for a rare bit of incoming cash and a few other big earners left last summer but we still had a huge crippling wage bill. The Murphy and Wickham loans won't be cheap either. So basically we're still knackered FFP-wise this year with the 3 year rolling loss.

 

2017/18  Huge loss (circa £20m or so?)

2018/19  Break even or small profit due to ground sale

2019/20  Huge loss (circa £30m maybe?)

 

So we're still likely to be £10m or so over the permitted 3 year £39m losses when this year's accounts come out. If the EFL somehow don't get us for the ground sale this year they'll be gunning for us next year for breaking FFP rules. 

 

 

.

 

 

Edited by alanharper
typo
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1 hour ago, alanharper said:

 

Even if we somehow get away with this EFL charge,  the stadium sale only helped turn in a small profit last year instead of making an even huger loss than usual. We haven't done much to reduce that loss this year (was it about £37m before the sale?), Joao left for a rare bit of incoming cash and a few other big earners left last summer but we still had a huge crippling wage bill. The Murphy and Wickham loans won't be cheap either. So basically we're still knackered FFP-wise this year with the 3 year rolling loss.

 

2017/18  Huge loss (circa £20m or so?)

2018/19  Break even or small profit due to ground sale

2019/20  Huge loss (circa £30m maybe?)

 

So we're still likely to be £10m or so over the permitted 3 year £39m losses when this year's accounts come out. If the EFL somehow don't get us for the ground sale this year they'll be gunning for us next year for breaking FFP rules. 

 

 

.

 

 


I might be wrong but didn’t we do something dodgy with the accounts where we’re actually a year behind. So the last accounts was 2017/18 and the next ones due are 18/19 - which are even before the Joao money and few players off the wage budget. We could easily breach FFP in the next set off accounts alone

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1 hour ago, alanharper said:

 

Even if we somehow get away with this EFL charge,  the stadium sale only helped turn in a small profit last year instead of making an even huger loss than usual. We haven't done much to reduce that loss this year (was it about £37m before the sale?), Joao left for a rare bit of incoming cash and a few other big earners left last summer but we still had a huge crippling wage bill. The Murphy and Wickham loans won't be cheap either. So basically we're still knackered FFP-wise this year with the 3 year rolling loss.

 

2017/18  Huge loss (circa £20m or so?)

2018/19  Break even or small profit due to ground sale

2019/20  Huge loss (circa £30m maybe?)

 

So we're still likely to be £10m or so over the permitted 3 year £39m losses when this year's accounts come out. If the EFL somehow don't get us for the ground sale this year they'll be gunning for us next year for breaking FFP rules. 

 

 

.

 

 

Ah but what if we go up😉

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1 hour ago, alanharper said:

 

Even if we somehow get away with this EFL charge,  the stadium sale only helped turn in a small profit last year instead of making an even huger loss than usual. We haven't done much to reduce that loss this year (was it about £37m before the sale?), Joao left for a rare bit of incoming cash and a few other big earners left last summer but we still had a huge crippling wage bill. The Murphy and Wickham loans won't be cheap either. So basically we're still knackered FFP-wise this year with the 3 year rolling loss.

 

2017/18  Huge loss (circa £20m or so?)

2018/19  Break even or small profit due to ground sale

2019/20  Huge loss (circa £30m maybe?)

 

So we're still likely to be £10m or so over the permitted 3 year £39m losses when this year's accounts come out. If the EFL somehow don't get us for the ground sale this year they'll be gunning for us next year for breaking FFP rules. 

 

 

.

 

 

Covid 19 might hopefully see the rules being relaxed a bit. 

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14 minutes ago, PEARSON said:


I might be wrong but didn’t we do something dodgy with the accounts where we’re actually a year behind. So the last accounts was 2017/18 and the next ones due are 18/19 - which are even before the Joao money and few players off the wage budget. We could easily breach FFP in the next set off accounts alone

 

Not sure, possibly. But when actual losses in the "ground sale accounts" were around £37m with the vast majority being down to ridiculous wages for the Championship, there's just no way in the world that we could have reduced that to a level which sees us below the £39m rolling 3 year limit in the next set of accounts.

 

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11 minutes ago, rickygoo said:

Covid 19 might hopefully see the rules being relaxed a bit. 

Going forward quite likely, but backdated to cover the period we are in schtuck for? Not going to happen.

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1 hour ago, alanharper said:

 

Even if we somehow get away with this EFL charge,  the stadium sale only helped turn in a small profit last year instead of making an even huger loss than usual. We haven't done much to reduce that loss this year (was it about £37m before the sale?), Joao left for a rare bit of incoming cash and a few other big earners left last summer but we still had a huge crippling wage bill. The Murphy and Wickham loans won't be cheap either. So basically we're still knackered FFP-wise this year with the 3 year rolling loss.

 

2017/18  Huge loss (circa £20m or so?)

2018/19  Break even or small profit due to ground sale

2019/20  Huge loss (circa £30m maybe?)

 

So we're still likely to be £10m or so over the permitted 3 year £39m losses when this year's accounts come out. If the EFL somehow don't get us for the ground sale this year they'll be gunning for us next year for breaking FFP rules. 

 

 

.

 

 

 

Pretty much spot on with the figures but the years are wrong - the 2017-18 accounts were the ones which the ground sale has been included in - a £2.5M profit that year, the £20.7M loss was in the 2016-17 accounts and the accounts due this year are for 2018-19. 

 

The profit on the stadium sale was recorded as £38M so the actual loss would have been around £35M The Wickham loan won't be in the next accounts as they are a year behind, but nor will the sale of Joao. 

I would imagine some of the players released in the summer of 2018 will have helped reduce the losses compared to 2017-18 but with no significant sales I think it will be a big surprise if the loss is less than £25M - this will take us just over the limit but if it is over £30M then we will be significantly over the limit and that will see us in trouble again as you suggest. We will know soon enough. 

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35 minutes ago, PEARSON said:


I might be wrong but didn’t we do something dodgy with the accounts where we’re actually a year behind. So the last accounts was 2017/18 and the next ones due are 18/19 - which are even before the Joao money and few players off the wage budget. We could easily breach FFP in the next set off accounts alone

 

Nothing dodgy with being a year behind - company accounts are filed in the year after they are accounted for, as per my previous post. The case is in relation to us backdating the sale of the stadium to the 2017-18 accounting year when the EFL think it should have been attributed to 2018-19. 

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