Guest LondonOwl313 Posted July 31, 2020 Share Posted July 31, 2020 It reads to me like we’ve been cleared of misconduct as it’s probably quite a high bar to find someone guilty of that. So they’re basically saying the stadium sale shouldn’t have been included for that year and therefore we were well over FFP for the three years to summer 2018, and that’s what the points deduction is for. What I don’t understand is that the auditors signed this off for it to be included in those accounts. How can the EFL panel go against that? Maybe @mkowl knows.. are they saying the accounts are wrong, which I can imagine being a big problem.. or just that it’s not permissible for the purpose of FFP for that time period which is something different Link to comment Share on other sites More sharing options...
gurujuan Posted July 31, 2020 Share Posted July 31, 2020 I wonder if Derby will receive their punishment next season, or perhaps the season after Link to comment Share on other sites More sharing options...
Birstall Owl Posted July 31, 2020 Share Posted July 31, 2020 Could the EFL appeal to have the deduction applied to this season rather than next? Link to comment Share on other sites More sharing options...
Guest LondonOwl313 Posted July 31, 2020 Share Posted July 31, 2020 21 minutes ago, WaikanaeOwl said: Appeal will fail. Reading general independent opinion on social media there is a lot of anger over not deciding to apply the points deduction this season thereby relegating us. So take next seasons punishment and survive is the aim. We have been fortunate in my opinion. We have been banged to rights despite what the Club argue. Agree, I think accept and move on now. Hopefully it will be a low bar next season because you’d imagine Rotherham and Wycombe without substantial investment will be 40 point kind of sides. We’d just need someone else to have a poor season and us to not be utterly inept and we’d have a chance of getting it out the way next season, 55-60 points would probably be enough Link to comment Share on other sites More sharing options...
gurujuan Posted July 31, 2020 Share Posted July 31, 2020 7 minutes ago, LondonOwl313 said: Agree, I think accept and move on now. Hopefully it will be a low bar next season because you’d imagine Rotherham and Wycombe without substantial investment will be 40 point kind of sides. We’d just need someone else to have a poor season and us to not be utterly inept and we’d have a chance of getting it out the way next season, 55-60 points would probably be enough err..... have you seen the state of our squad Link to comment Share on other sites More sharing options...
Guest LondonOwl313 Posted July 31, 2020 Share Posted July 31, 2020 1 minute ago, gurujuan said: err..... have you seen the state of our squad Oh yeah.. and the manager. Just saying Rotherham and Wycombe will likely be poor, then just need one of Luton, Barnsley, Coventry and Huddersfield to have a bad season which I think will happen. So think the bar would probably be like 55 points whereas this season we’d have needed 61. I’ve no faith in the current players and manager getting 40 points anyway as things stand. Just think that with a new manager and signings it’s more than doable. The hard part is that we’re unlikely to make those signings or change the manager Link to comment Share on other sites More sharing options...
CalmJimmers Posted July 31, 2020 Share Posted July 31, 2020 The sanctions are at best ill-thought out and at best ridiculous. I've got no problem with a sanction being handed down if we've done wrong, just want to outline that first. What I don't get are numerous points:- Why has it taken nearly 9 months to get a ruling on this? Why is there a sliding scale of point deductions? Why if we were showing signs of going over FFP did the EFL, the custodians of the fairness and laws of the game, LET US COME OUT OF A SODDING EMBARGO? Why are we not getting the points deduction THIS season? The sanctions are absolutely bizarre, and clubs are trying to get around it, we aren't the first. If the EFL want financial sustainability and 'fairness', they need to completely rewrite FFP, because seeing as Villa, Bournemouth, Wolves etc have all gone to the Prem spending mega bucks, and Bury, Wigan, Bolton etc have all suffered financially, it's not really doing a great job. 7 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted July 31, 2020 Share Posted July 31, 2020 2 hours ago, BeverleyOwl74 said: Just curious. Yes we can, EFL can also appeal and push for a harsher punishment Link to comment Share on other sites More sharing options...
BeverleyOwl74 Posted July 31, 2020 Author Share Posted July 31, 2020 Dumb as it sounds maybe relegation and clear the decks. Link to comment Share on other sites More sharing options...
CrosbyKitchens Posted July 31, 2020 Share Posted July 31, 2020 1 minute ago, BeverleyOwl74 said: Dumb as it sounds maybe relegation and clear the decks. I'd prefer we go down now and start the rebuild asap. Might even inspire some of the dead wood players, the manager and chairman to leave. 1 Link to comment Share on other sites More sharing options...
camffiti Posted July 31, 2020 Share Posted July 31, 2020 Us, Wigan & Charlton all appealing before the start of the season? If the EFL & lawyers get through all that in a week, we should have time to prepare for the this season 1 1 Link to comment Share on other sites More sharing options...
marcx666 Posted August 1, 2020 Share Posted August 1, 2020 6 hours ago, WalthamOwl said: Isn’t ours for messing up with FFP but also for putting the ground sale in the wrong year? Nah only for the FFP stuff Link to comment Share on other sites More sharing options...
OWLS about that? Posted August 1, 2020 Share Posted August 1, 2020 8 hours ago, BeverleyOwl74 said: Just curious. Wouldn't bother, lovely time to be an owl..... At least the home kit looks like last seasons.... With an alternative collar Link to comment Share on other sites More sharing options...
new zealand owl Posted August 1, 2020 Share Posted August 1, 2020 Assuming no appeal. so the 18-19 accounts are due shortly. Does anyone want to take an educated guess at where we will be now. What are the total losses for 16-17 and 17-18? Are we assuming the stadium sale now results in a small Profit in the 18-19 accounts? The 19-20 accounts should be better with the squad being trimmed last summer and the sale of Joao but are we likely to breach again? 1 Link to comment Share on other sites More sharing options...
Plonk Posted August 1, 2020 Share Posted August 1, 2020 9 hours ago, shez owl said: No, the statement says we’ve breached profit and sustainability for 2017/18. That’s what we’ve been done for. They've disallowed the sale of the ground in those accounts. So we’ve not been done for concealing the sale or that the sale was illegal, they’ve simply said that sale should not have been included. So which years figures does the sale go into? Link to comment Share on other sites More sharing options...
shez owl Posted August 1, 2020 Share Posted August 1, 2020 23 minutes ago, Plonk said: So which years figures does the sale go into? That’s the question, they can’t be ignored completely Link to comment Share on other sites More sharing options...
brian joicey Posted August 1, 2020 Share Posted August 1, 2020 7 hours ago, LondonOwl313 said: It reads to me like we’ve been cleared of misconduct as it’s probably quite a high bar to find someone guilty of that. So they’re basically saying the stadium sale shouldn’t have been included for that year and therefore we were well over FFP for the three years to summer 2018, and that’s what the points deduction is for. What I don’t understand is that the auditors signed this off for it to be included in those accounts. How can the EFL panel go against that? Maybe @mkowl knows.. are they saying the accounts are wrong, which I can imagine being a big problem.. or just that it’s not permissible for the purpose of FFP for that time period which is something different The way I understand it is; what we did re backdating the sale is perfectly legal accounting in the wider world BUT not in within efl’s own in-house rules. So-the sale is ok ,the accounts are ok but (in the efl rules) the sale has to go in the accounts for the season it got FINALISED (which it doesn’t have to in law,it can be backdated eg building a multi storey hotel - do you include it in the accounts for the year you started it or when you finished it (possibly 3years later) ) 1 Link to comment Share on other sites More sharing options...
the monk Posted August 1, 2020 Share Posted August 1, 2020 8 hours ago, Wakefield owl said: What I’m struggling with is that the verdict appears fairly straight forward ie the sale of the ground was included in the wrong year. If this is the case then why has it taken the commission three weeks to come to this conclusion and why did it take seven months to hear the case. ^^^^ Saved me typing it Two dates to look at! , wonder how much money some folk have "earned" out of this Link to comment Share on other sites More sharing options...
shez owl Posted August 1, 2020 Share Posted August 1, 2020 4 minutes ago, brian joicey said: The way I understand it is; what we did re backdating the sale is perfectly legal accounting in the wider world BUT not in within efl’s own in-house rules. So-the sale is ok ,the accounts are ok but (in the efl rules) the sale has to go in the accounts for the season it got FINALISED (which it doesn’t have to in law,it can be backdated eg building a multi storey hotel - do you include it in the accounts for the year you started it or when you finished it (possibly 3years later) ) Looks like that’s right. But for me the efl having rules which are at odds with the law of the land leaves themselves open to challenge. They’ve made a rod for their backs and the forthcoming myriad of legal challenges is inevitable and long coming. This will be a watershed moment for the efl, hopefully 2 Link to comment Share on other sites More sharing options...
Guest Grandad Posted August 1, 2020 Share Posted August 1, 2020 10 hours ago, Birstall Owl said: Could the EFL appeal to have the deduction applied to this season rather than next? Yes Link to comment Share on other sites More sharing options...
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