Daizan10 Posted June 24, 2020 Share Posted June 24, 2020 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. Link to comment Share on other sites More sharing options...
sherlyegg Posted June 24, 2020 Share Posted June 24, 2020 10 minutes ago, HIGHERSTATE said: Nailed it! It's just shoddy and obviously naive. What's he nailed? Link to comment Share on other sites More sharing options...
Daizan10 Posted June 24, 2020 Share Posted June 24, 2020 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) Link to comment Share on other sites More sharing options...
mogbad Posted June 24, 2020 Share Posted June 24, 2020 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. 2 Link to comment Share on other sites More sharing options...
HIGHERSTATE Posted June 24, 2020 Share Posted June 24, 2020 1 minute ago, sherlyegg said: What's he nailed? 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. Link to comment Share on other sites More sharing options...
sherlyegg Posted June 24, 2020 Share Posted June 24, 2020 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. Link to comment Share on other sites More sharing options...
HIGHERSTATE Posted June 24, 2020 Share Posted June 24, 2020 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. Link to comment Share on other sites More sharing options...
bigthinrob Posted June 24, 2020 Share Posted June 24, 2020 2 hours ago, kobayashi said: How much has come in....substantially less than has gone out which is the source of this mess. Aah right! I understand now. Thank God that is cleared up. Link to comment Share on other sites More sharing options...
bigthinrob Posted June 24, 2020 Share Posted June 24, 2020 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. 2 Link to comment Share on other sites More sharing options...
Owls-Fan Posted June 24, 2020 Share Posted June 24, 2020 2 hours ago, Jeffjohnsonmyhero said: Soon be done 5-30 we will know ,Radio Sheffield will breaking their necks to tell us if its bad news Any news? 1 Link to comment Share on other sites More sharing options...
Jeffjohnsonmyhero Posted June 24, 2020 Share Posted June 24, 2020 2 minutes ago, Owls-Fan said: Any news? How long do these cases last ? Surely its a case of paperwork when signed ,And if its in the time scale 1 Link to comment Share on other sites More sharing options...
stuffed owl Posted June 24, 2020 Share Posted June 24, 2020 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. 4 Link to comment Share on other sites More sharing options...
alanharper Posted June 24, 2020 Share Posted June 24, 2020 (edited) 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 June 24, 2020 by alanharper typo 4 1 Link to comment Share on other sites More sharing options...
PEARSON Posted June 24, 2020 Share Posted June 24, 2020 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 Link to comment Share on other sites More sharing options...
unkastav Posted June 24, 2020 Share Posted June 24, 2020 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 Link to comment Share on other sites More sharing options...
Dick_Turpin Posted June 24, 2020 Share Posted June 24, 2020 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. 2 Link to comment Share on other sites More sharing options...
alanharper Posted June 24, 2020 Share Posted June 24, 2020 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. Link to comment Share on other sites More sharing options...
Utah Owl Posted June 24, 2020 Share Posted June 24, 2020 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. Link to comment Share on other sites More sharing options...
Guest Posted June 24, 2020 Share Posted June 24, 2020 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. Link to comment Share on other sites More sharing options...
Guest Posted June 24, 2020 Share Posted June 24, 2020 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. Link to comment Share on other sites More sharing options...
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