Owlinmad Posted July 9, 2021 Share Posted July 9, 2021 2 hours ago, Broncolives said: I keep read that we are under a transfer restriction which says we can’t actually buy players. Can someone show where this has come from and the actual restriction. There are no transfer restrictions imposed. 1 Link to comment Share on other sites More sharing options...
bobness Posted July 9, 2021 Share Posted July 9, 2021 2 hours ago, full fathom five said: Well run club "True! Sheffield Wednesday is not like a normal club" 1 1 Link to comment Share on other sites More sharing options...
sage owl Posted July 9, 2021 Share Posted July 9, 2021 46 minutes ago, Owlinmad said: There are no transfer restrictions imposed. That’s not what the most respected poster on here said recently. Link to comment Share on other sites More sharing options...
sage owl Posted July 9, 2021 Share Posted July 9, 2021 2 hours ago, King_Monkey said: Can sign players on Free transfers or loan however due to not paying wages in full for 4 consecutive months, the club have been told to get their cash flow in order and that means they are barred from spending any money on transfers. It also means that any bids made for players that are received have to be notified to the EFL and a reason given as to why they are being rejected if indeed they are. This one Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted July 10, 2021 Share Posted July 10, 2021 10 hours ago, Triple O said: If it is true but I'll need more convincing. If indeed the EFL has placed us under these restrictions they are doing a good job of hiding it as I can't find any official reference to it. Sanctions don’t have to be disclosed to anyone other than the director/owner of the club and the EFL. If they want keep that from the fans, that’s up to them. My thoughts are that, firstly people focus on the £39m or £13m a season losses threshold as the first reference point when, in reality, that is the upper threshold for losses that result in points deductions and hard sanctions ie full transfer embargo’s. There are also punishments for breaching the lower losses threshold, which is £15m over 3 seasons, such as the one we are currently in ie a soft embargo where we can sign players but only to the EFL’s guidelines.DC will have had to agreed to this or face further sanctions. He is probably happy to adhere, hence why people think it’s the clubs own decision not imposed by the EFL. Link to comment Share on other sites More sharing options...
Triple O Posted July 10, 2021 Share Posted July 10, 2021 50 minutes ago, Mcguigan said: Sanctions don’t have to be disclosed to anyone other than the director/owner of the club and the EFL. If they want keep that from the fans, that’s up to them. My thoughts are that, firstly people focus on the £39m or £13m a season losses threshold as the first reference point when, in reality, that is the upper threshold for losses that result in points deductions and hard sanctions ie full transfer embargo’s. There are also punishments for breaching the lower losses threshold, which is £15m over 3 seasons, such as the one we are currently in ie a soft embargo where we can sign players but only to the EFL’s guidelines.DC will have had to agreed to this or face further sanctions. He is probably happy to adhere, hence why people think it’s the clubs own decision not imposed by the EFL. Don't think that's totally right. The £15m threshold can be funded by loans etc to the club but anything beyond that has to be gifted by the owner. 1 Link to comment Share on other sites More sharing options...
Harrysgame Posted July 10, 2021 Share Posted July 10, 2021 13 hours ago, King_Monkey said: Standard practice to be fair. Birmingham City we’re hit with same punishment some time ago. At that time they rejected a bid of £6m for Che Adam’s. The EFL wanted to punish them as it was against their instruction and imposed business plan. Birmingham fought it and won and 6 months later they sold him to Southampton for £15m EFL doing the best for clubs yet again. Not fit to run the game. Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted July 10, 2021 Share Posted July 10, 2021 11 minutes ago, Triple O said: Don't think that's totally right. The £15m threshold can be funded by loans etc to the club but anything beyond that has to be gifted by the owner. It’s totally right mate. The thresholds regarding what you are and aren’t permitted to lose have nothing to do with how they are covered. P&S regulations are about losses not how you fund them. Link to comment Share on other sites More sharing options...
Guest Therealrealist Posted July 10, 2021 Share Posted July 10, 2021 14 hours ago, Broncolives said: I keep read that we are under a transfer restriction which says we can’t actually buy players. Can someone show where this has come from and the actual restriction. We are skint..that’s our restriction..we wer never goin to be buying players this summer Link to comment Share on other sites More sharing options...
Hoofit Posted July 10, 2021 Share Posted July 10, 2021 Know it’s been said already but EFL name & shame clubs under embargo here: https://www.efl.com/-more/governance/embargoes We aren’t on the list either it’s self imposed (transfer window deals will be telling in the absence of a club statement?), or the rumour mill is wrong, or the EFL isn’t being as transparent as it says it is in these things. Oh for the days of a pie & pint, average players with big hearts battling it out on a muddy pitch & getting soaked on the kop - things were much simpler then! Link to comment Share on other sites More sharing options...
full fathom five Posted July 10, 2021 Share Posted July 10, 2021 15 hours ago, King_Monkey said: Standard practice to be fair. Birmingham City we’re hit with same punishment some time ago. At that time they rejected a bid of £6m for Che Adam’s. The EFL wanted to punish them as it was against their instruction and imposed business plan. Birmingham fought it and won and 6 months later they sold him to Southampton for £15m Shows how fizzed up the modern game is if this is considered standard practice. Link to comment Share on other sites More sharing options...
Triple O Posted July 10, 2021 Share Posted July 10, 2021 3 hours ago, Mcguigan said: It’s totally right mate. The thresholds regarding what you are and aren’t permitted to lose have nothing to do with how they are covered. P&S regulations are about losses not how you fund them. Not according to this. There are a number key changes: The assessment is carried out in March (rather than December) The maximum loss limit is now £13m per Championship season (or £5m a season of the owner does not inject equity to cover losses). Losses are assessed over three seasons (rather than just over the single, previous season) The assessment of each club’s finances is a combination of a historic assessment (looking at figures for the two previous completed season) and an assessment over the season currently taking place http://www.financialfairplay.co.uk/financial-fair-play-explained.php Link to comment Share on other sites More sharing options...
Owlinmad Posted July 10, 2021 Share Posted July 10, 2021 14 hours ago, sage owl said: That’s not what the most respected poster on here said recently. Then he is wrong. 1 Link to comment Share on other sites More sharing options...
sage owl Posted July 10, 2021 Share Posted July 10, 2021 2 minutes ago, Owlinmad said: Then he is wrong. One of you is !. His post did seem fairly detailed and he’s usually bang on the money. What makes you think that “there are NO transfer restrictions imposed “ ? . 1 Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted July 10, 2021 Share Posted July 10, 2021 58 minutes ago, Triple O said: Not according to this. There are a number key changes: The assessment is carried out in March (rather than December) The maximum loss limit is now £13m per Championship season (or £5m a season of the owner does not inject equity to cover losses). Losses are assessed over three seasons (rather than just over the single, previous season) The assessment of each club’s finances is a combination of a historic assessment (looking at figures for the two previous completed season) and an assessment over the season currently taking place http://www.financialfairplay.co.uk/financial-fair-play-explained.php How a look on the official EFL website, its as up to date as you can get. Appendix 5 - Financial Fair Play Regulations. 2.8 If the P&S Calculation results in a loss that exceeds the Lower Loss Threshold, then the following shall apply: 2.8.1 the Club shall provide, by 31 March in the relevant Season, Future Financial Information to cover the period commencing from its last accounting reference date (as defined in section 391 of the 2006 Act) until the end of T+2 and a calculation of estimated aggregated Adjusted Earnings Before Tax until the end of T+2 based on that Future Financial Information; 2.8.2 the Club shall provide such evidence of Secure Funding as the Executive considers sufficient; and 2.8.3 if the Club is unable to provide evidence of Secure Funding as set out in Rule 2.8.2, the Executive shall have the powers set out in Regulation 16.20. The executive powers set out in Regulation 16.20 include soft embargo's. Link to comment Share on other sites More sharing options...
Triple O Posted July 10, 2021 Share Posted July 10, 2021 (edited) 7 minutes ago, Mcguigan said: How a look on the official EFL website, its as up to date as you can get. Appendix 5 - Financial Fair Play Regulations. 2.8 If the P&S Calculation results in a loss that exceeds the Lower Loss Threshold, then the following shall apply: 2.8.1 the Club shall provide, by 31 March in the relevant Season, Future Financial Information to cover the period commencing from its last accounting reference date (as defined in section 391 of the 2006 Act) until the end of T+2 and a calculation of estimated aggregated Adjusted Earnings Before Tax until the end of T+2 based on that Future Financial Information; 2.8.2 the Club shall provide such evidence of Secure Funding as the Executive considers sufficient; and 2.8.3 if the Club is unable to provide evidence of Secure Funding as set out in Rule 2.8.2, the Executive shall have the powers set out in Regulation 16.20. The executive powers set out in Regulation 16.20 include soft embargo's. All this information is great and thanks for finding it. But where have they said that they have applied any sanction/restriction on us? My belief regarding the difference in allowable funding for the greater losses still stands though. Edited July 10, 2021 by Triple O 2 Link to comment Share on other sites More sharing options...
MallorcaOwl Posted July 10, 2021 Share Posted July 10, 2021 23 hours ago, striker said: Fuckk the EFL There is only one person to blame for this fiasco. Our incompetent Chairman. 1 Link to comment Share on other sites More sharing options...
Jack of Clubs Posted July 10, 2021 Share Posted July 10, 2021 For the likes of McCart, maybe sign on initial loan and then a transfer fee after a year? Link to comment Share on other sites More sharing options...
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