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Ghost of Clough

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  1. Like
    Ghost of Clough got a reaction from Tamworthram in Preseason 2021/22   
    I'll use this example again...
    Do you think Swansea will be 'demoralised' and consider it a 'disgraced at only 16 senior players turning up on the first day?
    McDonald, Ebosele, Watson and Stretton are the first team sqaud, making 17. I imagine Ravas, Davies and Wisdom (maybe Waggy too) will come in as long as there's still the possibility of them staying.
  2. Haha
  3. Clap
    Ghost of Clough got a reaction from jono in Fikayo Tomori   
    Tomori - 22 games for Chelsea last season. A key player as he played 22 games for AC Milan in the second half of this season, finishing 2nd.
    White - Full season in the Championship followed by a full season in the PL finishing 16th
     
    Would White be a regular in the AC Milan side? The answer to that tells you exactly who should be in the squad.
     
    Stones and Maguire are undoubtedly first choice. So you need a backup right sided player, and backup left sided player. 
    Considering White is the right sided option, it was between Mings and Tomori
  4. Like
    Ghost of Clough reacted to Comrade 86 in The UEFA European Championship 2020 Thread   
    Hard to grasp what some folk really expect. The gap between the top teams and the supposed also-rans is not huge these days and results this tournament have shown that even the likes of France can't afford to underperform. FWIW, I thought we scored two really well-worked team goals and for all the talk that Germany are poor, they took a very good Portuguese side apart.
    As with club football, I'll dare to dream and simply relish nights like Tuesday. If I need a dose of cloying realism, I'll reflect on the pandemic or events at Derby but right now I'll revel in a bit of English pride and quietly pray there's still more to come. Life really is too short for all the handwringing some others seem to favour.
  5. Like
    Ghost of Clough got a reaction from rammieib in EFL Verdict   
    I just wish we do something unusual and happen to be in the same room as Gibson, KM and Mr Pop when they find out
  6. Like
    Ghost of Clough got a reaction from Stockport Ram in The UEFA European Championship 2020 Thread   
    The England version of Leeds away?
  7. Like
    Ghost of Clough got a reaction from LauraH in Martyn Waghorn - gone to Coventry City   
    Got the source for that?
  8. Like
    Ghost of Clough reacted to Van der MoodHoover in EFL Verdict   
    I've started so I'll finish... ?
    The EFL probably (I say this with no evidence at all so it's just conjecture) wanted to avoid rule writing as far as possible, that's for sure. 
    However, they appear to have done no real analysis to see whether a straight adoption of existing frameworks will give them what they now claim they want in terms of outcomes (everyone using the same approach to the detailed topic of amortising player contract values). 
    Accounting standards by definition are really NOT industry specific. They are now based unequivocally on the principle of "economic substance over form" to reinforce this point. 
    I think as far as "indicative market values" go then you would be looking for broadly comparable transactions. That's basically how property valuation is carried out. But it is a negotiable point and as it is indeed industry specific should be within the EFL purview. 
    To be sure, if you held aggressive valuations in your accounts on the basis that you would be actively trading out these player assets, but you then didn't and they went for 0, then you would expect the following... 
    - large final year write downs
    - an increasing auditor challenge to the directors as to why they felt the approach met the overall principles of true and fair, plus the accounting concept of prudence. 
    - ultimately an insistence on a revision to the approach in order for the auditors to continue to sign off. 
    My overall issue with the EFL is that they appear to have "short circuited" these stages altogether and are now writing rules retrospectively at the same time as sanctioning a member for not complying with a non-existent rule. 
    From a regulatory lens that is appalling behavior. 
     
  9. Clap
    Ghost of Clough got a reaction from Raich Carter in EFL Verdict   
    To summarise: Lawyers think they understand accounting regs better than accountants.
  10. Like
    Ghost of Clough got a reaction from Reggie Greenwood in Martyn Waghorn - gone to Coventry City   
    Got the source for that?
  11. Like
    Ghost of Clough got a reaction from Tamworthram in EFL Verdict   
    To summarise: Lawyers think they understand accounting regs better than accountants.
  12. Like
    Ghost of Clough got a reaction from duncanjwitham in EFL Verdict   
    To summarise: Lawyers think they understand accounting regs better than accountants.
  13. Like
    Ghost of Clough got a reaction from Boycie in Jack Marriott - joined Peterborough   
    Probably meant he could spend more time away from a nagging wife at home 
  14. Like
    Ghost of Clough reacted to RadioactiveWaste in Martyn Waghorn - gone to Coventry City   
    Could also be length and incentives are better from Cov, and it could be we've not actually tabled any offer to him beyond "we'd love if you'd stay and take a massive pay cut" type chats.
  15. Haha
    Ghost of Clough got a reaction from Sheikh n Bake in EFL Verdict   
    You appear to be reading something that isn't there. That statement simply said Pro Pope gave a convincing argument.
    After all, it's the DC who issue the penalty. The only statements we have to go off both suggest that we don't have to stick to the standard straight-line method.
  16. Clap
    Ghost of Clough got a reaction from Chris_Martin in Gareth Southgate   
    Croatia had a midfield starting 2 players from Real Madrid and 1 from Barcelona and another from Inter. Defenders from Atl Madrid and Liverpool. Forwards from Juventus and Inter.
    Our squad included Rose, Cahill, Jones, Delph, Young, Dier, Loftus-Cheek and Welbeck.
  17. Cheers
    Ghost of Clough got a reaction from Sparkle in EFL Verdict   
    Doing us a favour whether we had money to spend or not. Based on my calcs, we would have had to sell players in the summer just to meet P&S. Given the size of our squad already, we would have been in very serious trouble... so everyone should be thanking Gibson for helping us ?
    We now need to wait for 5 sets of accounts to be released to have a clearer picture of where we'll be in terms of P&S for 21/22, but I estimate about £12m better off.
  18. Like
    Ghost of Clough got a reaction from RadioactiveWaste in Martyn Waghorn - gone to Coventry City   
    It could also be down to them guaranteeing him more football? 
    Pretty much a guaranteed starter in their front 2, whereas he'd be backup winger, and hopefully 2nd choice CF at best for us next season
  19. Clap
    Ghost of Clough reacted to Van der MoodHoover in EFL Verdict   
    If the EFL are going to work to a single interpretation then they should write that as an efl rule rather than assume everyone would reach the same conclusion from their own analyses. 
    The accounting rules are drafted to be very general and cover a huge range of Intangible assets like intellectual property, patents and all sorts. 
     
  20. Like
    Ghost of Clough got a reaction from lrm14 in EFL Verdict   
    A competent organisation wouldn't simply look at the bottom line figure, which is what you're suggesting. At the very least they should skim read the accounts for any obvious irregularities - the new amortisation being one.
    It also has to be stated that the EFL made no attempt to clarify/understand the amortisation policy prior to the charge.
    Also, the original DC revealed that the EFL claimed to have only been made aware of the different amortisation policy shortly before bringing the charges in January 2020. Please also note that Kieran Maguire wrote to the EFL regarding the amortisation policy in June 2018.
    Incompetence.
  21. Like
    Ghost of Clough reacted to Spanish in EFL Verdict   
    hopefully we get the finding of DC2 soon
  22. Haha
    Ghost of Clough reacted to RadioactiveWaste in EFL Verdict   
    Can you imagine the EFL reaction? Might be worth it just for boiling the urine of certain chairmen of certain clubs.
     
  23. Like
    Ghost of Clough got a reaction from ColonelBlimp in EFL Verdict   
    "difficult to have sympathy for Derby given their indiscretions" - indiscretions originally approved by the EFL for 3 consecutive accounting periods.
    "independent body has now opted to dole out a fine alone and not a points deduction like the twelve points Sheffield Wednesday were docked last year" - yeah, that's probably because the charge wasn't related to overspending ?
    "clear examples of points being an appropriate sanction for such rule breaks and that should happen" - really? I don't think any club has ever been charged for using an improper amortisation policy. 
    "that should mean the penalty being applied for last season which would see Derby relegated to League One" - based on what exactly? Because a verdict for SWFC was arrived at just after the end of last season and had their penalty applied to 20/21?
     
    The problem is the perception of us "cheating P&S", which automatically means points deduction in people's minds.
  24. Like
    Ghost of Clough got a reaction from RadioactiveWaste in EFL Verdict   
    Are you referring to the large impairment? The DC document revealed £25.1m amortisation for 19/20, so I imagine it's just pulling that forward. All covered by my calculations no matter which year they were actually due to fall in under the 'Derby method'.
     
    Another thought just crossed my mind. From my understanding, the latest DC decision doesn't state we have to use the standard method. Rather, we have to resubmit whilst meeting the requirements of FRS102. If this is true, then we could possibly create a completely new
    EFLStatement: "file restated accounts... that meet the requirements of FRS102, together with updated Profit & Sustainability calculations"
    DCFC Statement: "submit revised accounts...using a policy for the amortisation of player registrations which complies both with the requirements of FRS 102 and with the P&S Rules."
    Given we were guilty of 2 particulars, that means we only need to modify our existing policy to suit:
         2. Reliably estimating estimating ERVs or use a straight-line method
         5. Accurately define the policy in the accounts
    Defining the policy in the accounts should be straight forward. If we can 'engineer' a way to reliably estimate resale values, we can avoid using straight-line.
  25. Clap
    Ghost of Clough got a reaction from The Scarlet Pimpernel in EFL Verdict   
    Are you referring to the large impairment? The DC document revealed £25.1m amortisation for 19/20, so I imagine it's just pulling that forward. All covered by my calculations no matter which year they were actually due to fall in under the 'Derby method'.
     
    Another thought just crossed my mind. From my understanding, the latest DC decision doesn't state we have to use the standard method. Rather, we have to resubmit whilst meeting the requirements of FRS102. If this is true, then we could possibly create a completely new
    EFLStatement: "file restated accounts... that meet the requirements of FRS102, together with updated Profit & Sustainability calculations"
    DCFC Statement: "submit revised accounts...using a policy for the amortisation of player registrations which complies both with the requirements of FRS 102 and with the P&S Rules."
    Given we were guilty of 2 particulars, that means we only need to modify our existing policy to suit:
         2. Reliably estimating estimating ERVs or use a straight-line method
         5. Accurately define the policy in the accounts
    Defining the policy in the accounts should be straight forward. If we can 'engineer' a way to reliably estimate resale values, we can avoid using straight-line.
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