Guest mkowl Posted July 31, 2020 Share Posted July 31, 2020 1 minute ago, Ozymandias Owl said: There is only one shareholder. Mr Chansiri. The only person he has defrauded is himself. ... and the EFL. All these rules are setup to stop Directors robbing Shareholders, or Creditors. Chansiri is all three. other 3rd parties as well. It is about adding credibility to the figures Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 31, 2020 Share Posted July 31, 2020 Just now, Ozymandias Owl said: That's fine, but the Auditors report to the Shareholders, not God or the EFL. True Why I am saying the Club and its auditors may determine they don't need changing. The panel is not the judge in the real world Link to comment Share on other sites More sharing options...
mildatheart67 Posted July 31, 2020 Share Posted July 31, 2020 Just about to talk about it on Talksport Link to comment Share on other sites More sharing options...
striker Posted July 31, 2020 Share Posted July 31, 2020 1 minute ago, WalthamOwl said: we don’t really have clarity though with Charlton appealing. Who knows what could happen with that. Also can you really see any half decent players signing for us now we are in this position? Loans for example, i can’t see Prem sides loaning us their talent knowing we will be fighting relegation We were looking at consolidation next season I suspect, with the squad in transition and even if we start on -12 reasonable to finish mid table. A good start like last year and we'll be closing the gap before the end of October. Others may yet have issues, Derby for example or other clubs reportedly on the verge of admin. We might not be the only ones deducted points. Now have wriggle room to invest in players, may not be so reliant on loans? Some prem clubs might be concerned, most, as with players mainly interested in the £££. Bottom line, I'd rather be in the Championship, even on -12, than in league 1. 3 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted July 31, 2020 Share Posted July 31, 2020 10 minutes ago, Miffed said: But people are claiming that now we have been charged with a points deduction for it, the stadium sale can magically now be included in this years accounts instead of being backdated. Meaning we cant fall foul when this years accounts are presented. How does that work? If commission verdict was that sale is ok but profit should have been included in 2019 p&s period not 2018 , which appears the case then, logically profit us to go against 2019 p&s figure 1 Link to comment Share on other sites More sharing options...
myHero Posted July 31, 2020 Share Posted July 31, 2020 Just now, mkowl said: other 3rd parties as well. It is about adding credibility to the figures Who are the other third parties? Pukka Pies bill for February? He owns the ground, the club and he's the one single major creditor throwing money into the club. If you read the accounts each year Chansiri basically has to state SWFC are only a going concern because he's covering all the losses... again this year. The day he doesn't do that, we're in administration like Wigan. 1 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted July 31, 2020 Share Posted July 31, 2020 2 minutes ago, Ozymandias Owl said: Who are the other third parties? Pukka Pies bill for February? He owns the ground, the club and he's the one single major creditor throwing money into the club. If you read the accounts each year Chansiri basically has to state SWFC are only a going concern because he's covering all the losses... again this year. The day he doesn't do that, we're in administration like Wigan. HMRC for one.... Link to comment Share on other sites More sharing options...
LoadABallacks Posted July 31, 2020 Share Posted July 31, 2020 May as well have just broke FFP, got 9 points Deducted like Birmingham, saved £60m and all the aggro. 4 Link to comment Share on other sites More sharing options...
ScrappyOwl Posted July 31, 2020 Share Posted July 31, 2020 Without doubt the chairman has made a complete mess of our finances and failed to hire proper "football people" and yes is 100% at fault for the situation we find ourselves in.However, we can overcome -12 points and survive next season, its up to GM to prove his worth and for us to back the team not matter how angry, frustrated or totally pissed off we feel. Given the very real possibility of no crowds, season ticket refunds etc next season amid the ongoing pandemic we may find that we are grateful to have a wealthy chairman who is willing to spend his money to keep our beloved club afloat when there could be little or no income.So lets give him a chance to make up for his failings, after all, I'm sure he wants what we want otherwise why else would he have bought the club given the huge amount a grief most football chairmen receive. I'm really not confident that there is a queue of potential buyers out there for us as even the wealthy will be concerned whilst ever Covid 19 is around. Chins up fellow Owls we will come back from this but we need to all stick together and continue our support for our club and just maybe we might be pleasantly surprised by GM and the boys........give them a chance. Link to comment Share on other sites More sharing options...
WalthamOwl Posted July 31, 2020 Share Posted July 31, 2020 4 minutes ago, striker said: We were looking at consolidation next season I suspect, with the squad in transition and even if we start on -12 reasonable to finish mid table. A good start like last year and we'll be closing the gap before the end of October. Others may yet have issues, Derby for example or other clubs reportedly on the verge of admin. We might not be the only ones deducted points. Now have wriggle room to invest in players, may not be so reliant on loans? Some prem clubs might be concerned, most, as with players mainly interested in the £££. Bottom line, I'd rather be in the Championship, even on -12, than in league 1. completely agree with that last paragraph. 2 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted July 31, 2020 Share Posted July 31, 2020 Just now, LoadABallacks said: May as well have just broke FFP, got 9 points Deducted like Birmingham, saved £60m and all the aggro. That's exactly what the verdict is and the 12points is based on how much FFP was broken by. Link to comment Share on other sites More sharing options...
Beauchief Owl Posted July 31, 2020 Share Posted July 31, 2020 As I see it, we essentially got the same deduction as we would have got had DC not sold the ground to himself. It has however, cost him a fortune in legal fees and has tarnished the club's reputation in the interim. In addition we are now consigned to playing out a season where we have little chance of promotion from the outset. What a shambles! 2 Link to comment Share on other sites More sharing options...
@owlstalk Posted July 31, 2020 Author Share Posted July 31, 2020 2 minutes ago, ScrappyOwl said: Without doubt the chairman has made a complete mess of our finances and failed to hire proper "football people" and yes is 100% at fault for the situation we find ourselves in.However, we can overcome -12 points and survive next season, its up to GM to prove his worth and for us to back the team not matter how angry, frustrated or totally pissed off we feel. Given the very real possibility of no crowds, season ticket refunds etc next season amid the ongoing pandemic we may find that we are grateful to have a wealthy chairman who is willing to spend his money to keep our beloved club afloat when there could be little or no income.So lets give him a chance to make up for his failings, after all, I'm sure he wants what we want otherwise why else would he have bought the club given the huge amount a grief most football chairmen receive. I'm really not confident that there is a queue of potential buyers out there for us as even the wealthy will be concerned whilst ever Covid 19 is around. Chins up fellow Owls we will come back from this but we need to all stick together and continue our support for our club and just maybe we might be pleasantly surprised by GM and the boys........give them a chance. Good positive post thank you mate One thing that came to mind whilst reading it was that I honestly don’t think he was aware of the last grief Chairmen get before buying the club In fact I’m pretty sure he saw the love for the last chairman and thought it would always be like that as a basic minimum Owlstalk Shop Link to comment Share on other sites More sharing options...
Miffed Posted July 31, 2020 Share Posted July 31, 2020 7 minutes ago, wellbeaten-the-owl said: If commission verdict was that sale is ok but profit should have been included in 2019 p&s period not 2018 , which appears the case then, logically profit us to go against 2019 p&s figure And dont we then fail FFP for the previous season now that we dont have the stadium sale included in the past season? Link to comment Share on other sites More sharing options...
WalthamOwl Posted July 31, 2020 Share Posted July 31, 2020 It’s a really crap feeling that this has all happened and DC now owns the ground. Link to comment Share on other sites More sharing options...
Captain Scarlett Posted July 31, 2020 Share Posted July 31, 2020 If Chansiri refuses to cover the losses, we're in administration and we then get docked ANOTHER 12 points putting us effectively on -24 points before a ball's been kicked. Everybody looking forward to next season ? Link to comment Share on other sites More sharing options...
pat blondeau Posted July 31, 2020 Share Posted July 31, 2020 15 minutes ago, WalthamOwl said: we don’t really have clarity though with Charlton appealing. Who knows what could happen with that. Also can you really see any half decent players signing for us now we are in this position? Loans for example, i can’t see Prem sides loaning us their talent knowing we will be fighting relegation Next season starts on the 12 September so given how long it takes the EFL, I don’t think Charlton will have time to get their appeal verdict for the new season. Agree it’s a mess though and players aren’t going to be queueing up to sign for us Link to comment Share on other sites More sharing options...
Essix Blue Posted July 31, 2020 Share Posted July 31, 2020 2 minutes ago, Beauchief Owl said: As I see it, we essentially got the same deduction as we would have got had DC not sold the ground to himself. It has however, cost him a fortune in legal fees and has tarnished the club's reputation in the interim. In addition we are now consigned to playing out a season where we have little chance of promotion from the outset. What a shambles! However if he hasn’t sold the ground, we would also break PnS rules again when our next accounts are published. Link to comment Share on other sites More sharing options...
striker Posted July 31, 2020 Share Posted July 31, 2020 (edited) 12 minutes ago, wellbeaten-the-owl said: If commission verdict was that sale is ok but profit should have been included in 2019 p&s period not 2018 , which appears the case then, logically profit us to go against 2019 p&s figure That was my thinking. 2017/18 now £36m loss (for which we've been punished) 2018/19 to include £38m ground sale profit. Also in this period we started our high earner cull. Expect at least the £2m profit posted as before. 2019/20 to include reported £10m from Joao and Bruce departures. For the next 3 year cycle, starts with 2018/19 from a point of profit, 2017/18 loss drops off re P&S? Edited July 31, 2020 by striker Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted July 31, 2020 Share Posted July 31, 2020 4 minutes ago, Miffed said: And dont we then fail FFP for the previous season now that we dont have the stadium sale included in the past season? Yes hence 12 points deduction 1 Link to comment Share on other sites More sharing options...
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