THE EFL HEARING THREAD

[kobayashi]

52 minutes ago, wellbeaten-the-owl said:

Likely timescales in my opinion:

 

June / July 2018 sale contract agreed between swfc and DC, this contract could have had conditions in that the completed sale would be through an as yet unincorporated company DC was setting up

 

This is point in accounts that the risks and rewards of ownership transfer from SWFC ltd to DC. So sale accounted for at this point.

 

July 2019 sale completed, with the incorporated Sheffield 4 ltd  and land registry updated.

 

2018 accounts likely signed off late as the auditors wanted post year end evedence of the completion before signing off the audit report.

 

Under no circumstances will the sale contract have been agreed in 2019 and backdated to 2018 that's not how things work and the auditors would have checked this.

 

 

 

 

The suggestion/implication that having agreed a contract effectively with himself in June/July 2018 that it then took him a further 12 months to legally finalise that contract with himself stretches credulity to the absurd. Do you think he played hardball with himself on certain clauses? Was he haggling the price with himself?  Or did he just not return his own calls for 11 months?

Edited July 24, 2020 by kobayashi

[Inspector Lestrade]

 

1 minute ago, kobayashi said:

The suggestion/implication that having agreed a contract effectively with himself in June/July 2018 that it then took him a further 12 months to legally finalise that contract with himself stretches credulity to the absurd. Do you think he played hardball with himself on certain clauses? Was he haggling the price with himself? 

 

Is that against the law or EFL rules?

[wellbeaten-the-owl]

7 minutes ago, kobayashi said:

The suggestion/implication that having agreed a contract effectively with himself in June/July 2018 that it then took him a further 12 months to legally finalise that contract with himself stretches credulity to the absurd. Do you think he played hardball with himself on certain clauses? Was he haggling the price with himself? 

Or the fact that once the agreement was in place there was no urgent need to complete? What was the rush?  Perhaps was done deliberately as didn't want the change in the public domain any earlier than necessary? Perhaps had more important or pressing issues?

Edited July 24, 2020 by wellbeaten-the-owl

[Shez]

On 23/07/2020 at 07:16, We'llNeverBeMastered said:

First and foremost, the EFL was created to look after clubs in the 3 divisions, that's it's sole purpose. So yes. 

 

It could be said that bringing a club to task for cheating their accounts to gain advantage over others would be satisfying that mandate......rather than turn a blind eye to a dubious chairman seeking to ******** on the rules then try and hide that in the books.

[kobayashi]

12 minutes ago, wellbeaten-the-owl said:

Or the fact that once the agreement was in place there was no urgent need to complete? What was the rush?  Perhaps was done deliberately as didn't want the change in the public domain any earlier than necessary? Perhaps had more important or pressing issues?

Perhaps, perhaps, perhaps...

 

12 months, 52 weeks, 365 days to finalise what he had all ready agree with himself.

 

 

[wellbeaten-the-owl]

1 minute ago, kobayashi said:

Perhaps, perhaps, perhaps...

 

12 months, 52 weeks, 365 days to finalise what he had all ready agree with himself.

 

 

Why does it matter?, it's his money business to manage how he sees fit.

Not interested in slightest why, as long as agreement in place and sale accounted for correctly in accordance with FES102 then not really bothered.

 

 

[Hookowl]

1 hour ago, Sham67 said:

 

Uberfan, is that what 9 year olds use instead of clappers these days.  Pathetic and moronic.

 

I thought Uberfans were something used to cool passengers down in taxi's

[kobayashi]

25 minutes ago, Inspector Lestrade said:

 

 

Is that against the law or EFL rules?

It doesn't need to be against anything to suspect that 12 months to finalise a deal he had all ready negotiated with himself is incredulous.

 

[Notts Owl]

On 22/06/2020 at 22:33, Guest freerole said:

 

Why the new panic, that article is a month old ffs

[Big Jack]

Our auditors BHP are not dodgy they would have given the correct advise to DC, interestingly they have been going since 1867!  

[Inspector Lestrade]

1 minute ago, kobayashi said:

It doesn't need to be against anything to suspect that 12 months to finalise a deal he had all ready negotiated with himself is incredulous.

 

 

 

But did he do anything wrong in the eyes of the law or the EFL by doing this? Yes, No?  

[Inspector Lestrade]

1 minute ago, Big Jack said:

Our auditors BHP are not dodgy they would have given the correct advise to DC, interestingly they have been going since 1867!  

 

Same year Canada got invented

[Plonk]

3 minutes ago, kobayashi said:

It doesn't need to be against anything to suspect that 12 months to finalise a deal he had all ready negotiated with himself is incredulous.

 

Perhaps he’s got a really crap solicitor. You know what they are like with house sales and that’s bread and butter

[kobayashi]

1 minute ago, wellbeaten-the-owl said:

Why does it matter?, it's his money business to manage how he sees fit.

Not interested in slightest why, as long as agreement in place and sale accounted for correctly in accordance with FES102 then not really bothered.

 

 

I assume you meant FRS102... and it clearly does matter since as a consequence of the time taken the club finds itself in the potential position of being relegated or starting a season on minus points.

[wellbeaten-the-owl]

2 minutes ago, kobayashi said:

It doesn't need to be against anything to suspect that 12 months to finalise a deal he had all ready negotiated with himself is incredulous.

 

So what? Again why is it important when he chose to "complete" the deal? 

 

Again most logical explanation for me is he didn't want it in public domain any earlier than necessary.

[wellbeaten-the-owl]

Just now, kobayashi said:

I assume you meant FRS102... and it clearly does matter since as a consequence of the time taken the club finds itself in the potential position of being relegated or starting a season on minus points.

Yeah typo, hate small bloody phone screen

[waynecoyne14]

the auditors also audit the books of the company i work for and seem very professional 

[wellbeaten-the-owl]

2 minutes ago, kobayashi said:

I assume you meant FRS102... and it clearly does matter since as a consequence of the time taken the club finds itself in the potential position of being relegated or starting a season on minus points.

Not at all because  Derby completed theirs within accounting period and still defending charges.

 

 

[kobayashi]

6 minutes ago, wellbeaten-the-owl said:

Not at all because  Derby completed theirs within accounting period and still defending charges.

 

 

Charged with regards the valuation not timing.

Edited July 24, 2020 by kobayashi

[Dick_Turpin]

It's just a shame that running the club the way he has meant he had to come up with a scheme to exploit a loophole via an accounting ruse to comply with the rules.