i-Ram

I should also say - as someone who has been pretty vocal in attributing a fair bit of blame to our previous owners - I don't think the EFL has covered itself in glory. The whole system stinks: football basically doesn't work, financially, outside the Premiership. There's a complete disconnect between the Prem and the rest of football. And rather than any kind of benevolent independent oversight the whole thing seems to be run on the basis of 'Yeah we all know it doesn't really work, but just don't take the **** and we will pretend it's all fine and functional'. At best the EFL is curbing the worst excesses while turning a blind eye to the underlying issues. We messed up, I can't really defend the way we were run - but it's not like we were one bad apple in an otherwise perfectly healthy batch. 

Also - if we are honest - the scale of losses under a straight-line amortisation policy lays bare the underlying financial situation fairly well. Our policy was based on back-ending losses and essentially pretending worthless players were worth something. Huge losses were only partially offset by a 'generous' stadium sale. The whole pattern is one of overspending compounded by overspending, dodging the final reckoning for as long as possible. And then the final dodge was to put the club in administration and leave the mess for someone else to clean up. I'm trying to work out what the plan was if we hadn't been pulled up on our amortisation and I'm struggling. 

Good summary. Out of all of it I get some of the embargo restrictions going forward as it would be galling to local creditor businesses who may lose a lot of money if out of brief admin in January we then pay transfer fees or sign someone on big wages. However what really stinks is how harshly we have been dealt throughout for a protracted period just because we didnt get promoted compared to those who similarly stretched the rules or broke FFP but went up, earned the riches for a while and have come down with no meaningful sanction. But we seem to have been punished many times such that we were broken without a points deduction.  If you are doing FFP then it must be applied to all the same. The championship used to be such an exciting league, better than the premiership in terms of competitiveness but as premiership riches have increased as have parachute payments that competitiveness has sadly gone.  It will only get sorted when they dont get as much for the next TV deal and it hits the coffers

That is just one of the elements.  What about not paying HMRC. Not paying wages, not pay clubs owed transfer fees, not submitting accounts, Morris admitting any resubmitted accounts would breach FFP?
 
C'mon mate, it's poo.  We all know it is.  It's going to take some healing, but we aren't being unfairly punished.  We pushed hard for promotion, too hard and as a result the club acted in very bad faith.  I'd say the accepting on penalties shows the Admin team recognised we also breached rules.
 
 

Words 3 and 4 of your post help us to move on, you can ignore the clueless teacher...

Would you really like to hear anything from him ? Don’t get me wrong, if you did, that’s fine, but myself...if he told me it was raining I’d go outside and see if I got wet.

Concourse heaters my friend.
Have you seen the price of gas nowadays?

The 2018/19 accounts have never been submitted Pete. That is part of the reason we have been under embargo for 2 years. Mel needed to pay c£95m for the stadium or possibly more to have got round it. Or he could have sold Johnson/Butterfield/Anya/Blackman and Nugent at a bargain £15m job lot ?

We can, and no doubt many will, argue about the treatment of our Club by the EFL all day, but what should not be lost today is that if Morris hadn’t put us in to Administration a couple of months ago, whilst clearly still a very wealthy man, and committed himself instead to accepting 9 points punishment for our P&S indiscretion, we would still have a Club today that had a chance, a good chance, of being in the Championship next season.
Morris bought a brilliant Club and Team, and in 6 short years ran it into the ground, and ultimately ran away to let someone else clear up the mess. 

The 2018/19 accounts have never been submitted Pete. That is part of the reason we have been under embargo for 2 years. Mel needed to pay c£95m for the stadium or possibly more to have got round it. Or he could have sold Johnson/Butterfield/Anya/Blackman and Nugent at a bargain £15m job lot ?

The 2018/19 accounts have never been submitted Pete. That is part of the reason we have been under embargo for 2 years. Mel needed to pay c£95m for the stadium or possibly more to have got round it. Or he could have sold Johnson/Butterfield/Anya/Blackman and Nugent at a bargain £15m job lot ?

You should read their reports on political and social matters. Even more shocking.

We should ask the EFl for some hot air balloon payments 

We can, and no doubt many will, argue about the treatment of our Club by the EFL all day, but what should not be lost today is that if Morris hadn’t put us in to Administration a couple of months ago, whilst clearly still a very wealthy man, and committed himself instead to accepting 9 points punishment for our P&S indiscretion, we would still have a Club today that had a chance, a good chance, of being in the Championship next season.
Morris bought a brilliant Club and Team, and in 6 short years ran it into the ground, and ultimately ran away to let someone else clear up the mess. 

Leave Nuge out of this. he was a straight line job.

Look at the losses under No. 22 of the attached https://www.efl.com/contentassets/065e21d5596b42e7a882322d3a203509/efl-v-dcfc-agreed-decision-approved-for-publication-15-november-2021.pdf
The policy change will not have effected the amount of the losses, just the timing. All our deferring of writing down the values of Johnson, Butterfield, Blackman, etc., would have hit the 2018/19 accounts hard. Long before EFL charged Derby in Jan 2020 and COVID hit us all in Mar 2020.

Bear in mind that those losses are all rolling 3 year losses, so the actual losses are only a third of what’s quoted there.  The total FFP overspend is about £33m (although it could be higher depending on how those listed figures deal with ‘resetting’ losses in previous seasons). I think that overspend falls into the season we sold the stadium, so it would have been interesting to see if we could have used the reserve valuation thingy at that point - I’m probably mangling this, but we basically ‘stored’ some of the profit from the sale of the stadium for future use, but if we knew where we were on FFP terms we may not have done that at all.  All it takes is using that, and maybe some other action like not signing Bielik, and we’re not that far off hitting the target.

Look at the losses under No. 22 of the attached https://www.efl.com/contentassets/065e21d5596b42e7a882322d3a203509/efl-v-dcfc-agreed-decision-approved-for-publication-15-november-2021.pdf
The policy change will not have effected the amount of the losses, just the timing. All our deferring of writing down the values of Johnson, Butterfield, Blackman, etc., would have hit the 2018/19 accounts hard. Long before EFL charged Derby in Jan 2020 and COVID hit us all in Mar 2020.

We can, and no doubt many will, argue about the treatment of our Club by the EFL all day, but what should not be lost today is that if Morris hadn’t put us in to Administration a couple of months ago, whilst clearly still a very wealthy man, and committed himself instead to accepting 9 points punishment for our P&S indiscretion, we would still have a Club today that had a chance, a good chance, of being in the Championship next season.
Morris bought a brilliant Club and Team, and in 6 short years ran it into the ground, and ultimately ran away to let someone else clear up the mess. 

Look at the losses under No. 22 of the attached https://www.efl.com/contentassets/065e21d5596b42e7a882322d3a203509/efl-v-dcfc-agreed-decision-approved-for-publication-15-november-2021.pdf
The policy change will not have effected the amount of the losses, just the timing. All our deferring of writing down the values of Johnson, Butterfield, Blackman, etc., would have hit the 2018/19 accounts hard. Long before EFL charged Derby in Jan 2020 and COVID hit us all in Mar 2020.

Look at the losses under No. 22 of the attached https://www.efl.com/contentassets/065e21d5596b42e7a882322d3a203509/efl-v-dcfc-agreed-decision-approved-for-publication-15-november-2021.pdf
The policy change will not have effected the amount of the losses, just the timing. All our deferring of writing down the values of Johnson, Butterfield, Blackman, etc., would have hit the 2018/19 accounts hard. Long before EFL charged Derby in Jan 2020 and COVID hit us all in Mar 2020.

I suspect that's not the first time you've seen shame in Brighton.

Don't bite, mate.
You're better than that.
Go make a brew.
?

But at least we had an enormous amount of fun and success along the way and get to tell the grandkids we saw these players in the flesh, right?