Should the club be appealing?

[fredmciverslovechild]

If you read through the document it is clear that we had every opportunity to have acted and avoided the situation we are now in. We twice extended the accounting year end to have had the sale tied up and be properly accounted for and yet we did nothing. What was an absolutely vital deal was simply left in abeyance until it was too late....for what reason is unclear.

 

Yes, the EFL have acted in a high handed manner. But the ability to have the sale properly dealt with and thus avoid both the charge and points deduction lay with us. The club, and Chansiri in particular, should be thoroughly embarrassed and ashamed.

 

No, we should not appeal.

[Athelwulf]

2 hours ago, Swifty75 said:

I have read through the entire document now. That was an hour I wont get back!

 

A few points for me:

 

1. Charge 2 that was dismissed is regarding that the management of Sheffield Wednesday did try to mislead the management of the EFL that the heads of terms had already been signed. This charge was thrown out given that there is written correspondence that demonstrates that the management of the EFL must have known it was not in place, and therefore also must have known that the heads of terms were pre-dated when signed.

 

2. The EFL say that our non submission of details with regard to P&S in early 2019 made them re-look at our 17/18 accounts. They then found that the heads of terms had not been signed on 15th July, and our auditors should not have accepted them.

 

Charge 1 is then related to charge 2 is it not? In that the EFL knew that our ground sale was not concluded in July 2018. If they knew this at the time they could have told us firstly that we could not do this. They might have told us in the meeting on 3rd August. Or subsequently when emails between the 2 parties disclosed in writing the heads of terms not to have been concluded. They could have charged us as soon as the accounts came through as they had knowledge that the heads of terms were not concluded until after at least 6th August.

 

It appears that both parties were in the know that the heads of terms had not been agreed in a timely manner. Nobody from the EFL said that we could not include the ground sale. So why was it not brought up at the time? There are number of arguments:

 

1. The EFL did not know that the heads of terms had been pre-dated (thrown out in charge 1)

 

2. Both sets of management knew it was incorrect but had gone so far down the road they were letting it pass (this then changed with new leadership at the EFL)

 

3. The EFL knew all along and were preparing to charge us in late 2018 but were waiting to see how the season unfolded as they would not like to charge us if a 12 point deduction would result in no relegation.

 

For me it is a complete mess and both sides have acted poorly. The people that are losing out again is the paying spectator!

 

Were P&S rules brought in to stop people spending their own money, or to stop clubs taking on massive debt and spending money they do not have?

 

 

 

And there, Sir, you have it.

 

Chansiri gets his brass from his family, and so they can be considered to be an entity.

 

In other words, they're not borrowing money from elsewhere.

 

They have the ackers to get us out of this league, but are forbidden from spending it.

 

I see no distinction between the money they gift the club, and the money gifted to the parachute teams.

 

Before we were taken over, when we were potless, had we been borrowing money hand over fist with the intention of paying it back once we were promoted, then fair enough.

 

It's right that such gambling should be stopped, as failure to secure promotion would result in disaster.

 

But if a club has the resources, then it should be allowed to spend them.

 

We could very well end up in the Third, when we have the money to go to the PL.

 

Samuel was right in his article.

[royalowlisback]

The club should be appealing, but at the moment they are far from it.