Sefton owl Posted August 25, 2020 Share Posted August 25, 2020 Lets not feel sorry for ourselves, as we continuously do and cry about this just as we accused Charlton of. Forget about it and move on there has been a rare feeling of positivity due to some positive young signings. Don’t need this to derail us any further 5 1 1 Link to comment Share on other sites More sharing options...
Bluesteel Posted August 25, 2020 Share Posted August 25, 2020 3 minutes ago, gurujuan said: The stadium sales is a loophole the EFL will look to close Currently it seems they are powerless to act. To be honest, although we ourselves didn’t have a charge to face regarding the actual sale itself, I don’t think the valuation would have stood up to much scrutiny. Reckon we take the penalty for exceeding our limits, and quit while we’re ahead Given that our ground sale has already taken place now it will just be shown in a different accounting period, if not valid in the previous one? Link to comment Share on other sites More sharing options...
Popular Post TrickyTrev Posted August 25, 2020 Popular Post Share Posted August 25, 2020 1 minute ago, Bluesteel said: Just goes to show ours would have been too had we got the plan in action earlier Agreed, Derby have shown that if you identify the problem and act in good time then you have nothing to worry about unlike us. We have the EFL holding our hand through the whole process and still managed to mess things up. Cheers Dejphon. 8 2 Link to comment Share on other sites More sharing options...
TheEnchanter Posted August 25, 2020 Share Posted August 25, 2020 Just now, OwlBiSeeinThi said: That's not what we got punished for. We breached P&S end of. Our stadium sale has nothing to do with our punishment. Ironically the fact that Derby completed their stadium sale on time has saved them from getting punished for what would have probably been a similar FFP breach to ours. So although we didn't get punished directly for the sale the simple fact we botched it up meant it didn't show in the accounts for the ywar we needed it to cover our huge FFP issues. So we messed up, no hiding from that. 1 Link to comment Share on other sites More sharing options...
NeonLeon Posted August 25, 2020 Share Posted August 25, 2020 Was always going to happen. The first charge relating to the stadium value was bizarre, they amended the value at the EFLs request. Link to comment Share on other sites More sharing options...
Bluesteel Posted August 25, 2020 Share Posted August 25, 2020 Just now, TrickyTrev said: Agreed, Derby have shown that if you identify the problem and act in good time then you have nothing to worry about unlike us. We have the EFL holding our hand through the whole process and still managed to mess things up. Cheers Dejphon. We have seemingly been reactive rather than pro active but the change of personel at the top of the EFL has probably hindered us. 1 Link to comment Share on other sites More sharing options...
gurujuan Posted August 25, 2020 Share Posted August 25, 2020 1 minute ago, TrickyTrev said: Agreed, Derby have shown that if you identify the problem and act in good time then you have nothing to worry about unlike us. We have the EFL holding our hand through the whole process and still managed to mess things up. Cheers Dejphon. Exactly, must have had the same people who work on our recruitment, dealing with it 1 Link to comment Share on other sites More sharing options...
Bluesteel Posted August 25, 2020 Share Posted August 25, 2020 1 minute ago, NeonLeon said: Was always going to happen. The first charge relating to the stadium value was bizarre, they amended the value at the EFLs request. Taxi for Gibson. Shame it’s not a D-Taxi Link to comment Share on other sites More sharing options...
cowl Posted August 25, 2020 Share Posted August 25, 2020 The IDC had already made clear they wouldn't consider the propriety of whether selling a stadium to yourself in this way was kosher, since the fact there had been a precedent was enough for them. Link to comment Share on other sites More sharing options...
CalmJimmers Posted August 25, 2020 Share Posted August 25, 2020 Can we not kick up a massive fuss and stamp our feet ala Middlesborough and Charlton? Link to comment Share on other sites More sharing options...
OwlBiSeeinThi Posted August 25, 2020 Share Posted August 25, 2020 5 minutes ago, TheEnchanter said: The same people crying for Derby to get punished are the same people crying at the EFL for punishing us. You can't get more hypocriticial. At the end of the day you have to accept we completely messed up this opportunity and have been punished as a result. Clubs like Villa, Reading and Derby didn't mess it up and therefore didn't get punished. Thanks Chansiri once again. I think the problem was the EFL not telling us what the implications would be for breaching P&S at the time which affected when we decided to sell the stadium. We should have just gone ahead and sold the stadium when we said we would and put in the correct accounts rather than trying to hedge either way. Derby getting off helps us as it vindicates the action of stadia sales. This now strengthens our case with regard to vindictive application of penalties which is a result of the EFL pursuing the wrong case at the wrong time. I suspect our deduction may be reduced as a result. 3 1 Link to comment Share on other sites More sharing options...
Birstall Owl Posted August 25, 2020 Share Posted August 25, 2020 Forgetting the stadium I'm suprised they didn't have anything to answer for regarding players have a value when their contract expired. Link to comment Share on other sites More sharing options...
Manwë Posted August 25, 2020 Share Posted August 25, 2020 All Wednesday had to do was not be incompetent. That's it. 7 1 Link to comment Share on other sites More sharing options...
CalmJimmers Posted August 25, 2020 Share Posted August 25, 2020 I know we broke the rules, and I know we've been stupid. But this is the type of thing that other clubs would push to the limit to argue our case. We have been hit with -12 points, Derby get nothing, Birmingham get a points deduction, QPR get a heavy fine, Bournemouth get a small fine. All charged with FFP violations. What is the cut off for a fine, for a points deduction, for nothing? I've probably missed it, and I'm too lazy to read through the rules by myself. Link to comment Share on other sites More sharing options...
SiJ Posted August 25, 2020 Share Posted August 25, 2020 Cant really complain. We sold ours too late and then tried to backdate it. Simples. 4 Link to comment Share on other sites More sharing options...
Ever the pessimist Posted August 25, 2020 Share Posted August 25, 2020 Question: has our stadium sale been approved but for the correct year? So we, belatedly get an injection of funds? Link to comment Share on other sites More sharing options...
OwlBiSeeinThi Posted August 25, 2020 Share Posted August 25, 2020 I want to add that I suspect that selling the stadium for Chansiri was a last resort. I honestly believe he didn't want to do it, but was naively, relying on the EFL to provide guidance on the implication of breaching P&S. If it was likely to be a fine he'd have taken it on the chin and explored other ways of getting the losses down , like selling players. In summary, I think DC had the best of intentions for the club initially but then made a poor decision in trying to force through the stadium sale at such short notice. 2 1 Link to comment Share on other sites More sharing options...
Sultan_Pepper Posted August 25, 2020 Share Posted August 25, 2020 29 minutes ago, TheEnchanter said: Only the people that can't see how much we fudged this loophole opportunity whilst other clubs didn't. Like Diana Ross in front of an open goal 2 Link to comment Share on other sites More sharing options...
Steelman Posted August 25, 2020 Share Posted August 25, 2020 Good luck to them. Nice to see them stand up to the corrupt EFL and win. Link to comment Share on other sites More sharing options...
Ever the pessimist Posted August 25, 2020 Share Posted August 25, 2020 2 minutes ago, OwlBiSeeinThi said: I want to add that I suspect that selling the stadium for Chansiri was a last resort. I honestly believe he didn't want to do it, but was naively, relying on the EFL to provide guidance on the implication of breaching P&S. If it was likely to be a fine he'd have taken it on the chin and explored other ways of getting the losses down , like selling players. In summary, I think DC had the best of intentions for the club initially but then made a poor decision in trying to force through the stadium sale at such short notice. There were rumours of him looking into selling the ground for many months before he did it. Link to comment Share on other sites More sharing options...
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