How has football turned to this? Zero regard for the fans just a bunch of millionaires and billionaires trying to squeeze money out of anything they see as a means for more wealth.
Someone can use this as a starting point if they want...
Timeline of events, beginning with the introduction of financial regulation in the Championship.
1. 2012 - FFP Rules (monitored over 1 season) implemented
2. 24/05/14 - Derby lose to FFP cheats QPR in the Playoff Final
3. November 2014 – P&S rules (monitored over 3 seasons) voted in to replace FFP rules for the 16/17 season onwards.
4. Summer 2015 – Derby change amortisation policy for the 15/16 season (after discussing the change with the auditors)
5. 07/04/17 – 15/16 accounts are submitted to Companies House
6. 06/04/18 – 16/17 accounts are submitted to Companies House
7. Spring 2018 –2016-18 P&S information submitted to EFL (within limits)
8. 12/04/18 – Revised 2016-18 P&S information submitted to EFL due to differences between FFP and P&S calculations (£5m over the limit)
9. 04/05/18 – DCFC placed under embargo
10. May 2018 – Stadium valued at £81.1m (profits basis) and £74.4m (DRC basis) by JLL
11. June 2018 – Discussions with EFL to agree on stadium sale and how much to be included in the accounts)
12. 28/06/18 – Stadium sold for £81m. Revised 2016-18 P&S information submitted to EFL (within limits)
13. 03/07/18 – Embargo lifted
14. 04/07/18 – EFL confirmation that DCFC met their P&S requirements for the 3 year period to 2018.
15. 15/02/19 – EFL Executive confirmation that £81.1m was fair value for the stadium.
16. 06/03/19 – placed under embargo for late submission of P&S statements
17. 29/03/19 – 2019 P&S statements submitted to EFL (within limits) and embargo lifted. New embargo placed on club due to being close to the limit.
18. 05/04/19 – 17/18 accounts are submitted to Companies House
19. April 2019 - MFC queried, “in forceful terms”, the legitimacy of such a sale and leaseback arrangement
20. 15/04/19 – EFL query why amortization fluctuates so much between seasons.
21. 13/05/19 – Meeting between DCFC and EFL to discuss amortization, EFL stated “it is an acceptable accounting policy” with the EFL stating large future impairments are a risk for the club to take on
22. 24/05/19 – MFC submitted a claim against Derby, stating we cheated P&S by selling the stadium for too much and it wasn’t arms length.
23. 09/07/19 – MFC claim PPS should have been sold at a fair value of £22.8m
24. 11/07/19 – Embargo lifted
25. 30/07/19 – MFC officially threatened the EFL and DCFC with proceedings unless the EFL initiated disciplinary action against DCFC
26. 06/09/19 – MFC servered notice of arbitration to get profits from stadium sales excluded from P&S calculations (including those in the past)
27. 02/12/19 – EFL hired expert valued stadium at £42-50m. Expert had not visited the stadium but deemed the facilities to be “bog standard” and drew comparisons to Morecombe’s 6476 stadium with 3 terraced stands.
28. 16/01/20 – Derby charged with selling the stadium above it’s true value and for using improper amortization policy, resulting in exceeding P&S limits in the 3 years to 2018
29. Early 2020 – Derby placed under embargo
30. 25/08/20 – DC cleared of overvaluing the stadium, found guilty for 1 of 5 particulars relating to the amortisation policy (not worded it adequately in the accounts), but insisted the policy was compliant with FRS102. DC panel consisted of accountants
31. 07/09/20 – EFL appealed against the DC decision
32. 07/09/20 – Boro started an arbitration against Derby and the EFL, in particular regarding the stadium valuation which allowed us to sign Waghorn
33. 22/10/20 – Boro’s application rejected
34. 30/11/20 – De novo hearing held and dismissed (EFL wanting draft 18/19 accounts submitted after DC decision to be considered)
35. 15/12/20 – EFL application for new evidence to be considered (18/19 draft accounts), dismissed 22/01/21
36. July 2021 – LAP decision resulting in a restatement of 15/16 accounts onwards with a compliant amortization policy and a £100k fine. LAP did not consist of any accountants.
37. 22/09/21 – Derby enter administration
38. 16/11/21 – Administrators agree 9-point deduction due to EFL’s claim of a P&S overspend, a result of the EFL rejecting our new amortisation policy
Other noteworthy events:
EFL stated as wanting the points deduction against Derby to be applied in 20/21 to cause maximum punishment (relegation) when the season had already concluded.
Embargoes: 04/05/18-03/07/18, 06/03/19-11/07/19, early 2020-present
...and that's the bit that has got her absolutely riled ie the EFL effectively said "don't get involved and don't speak up about this"; she believed they would get back to her if there was a problem - now she realises why they haven't - because they are "on the side of Middlesbrough" (her words). We must all get behind Margaret Beckett regardless of your politics; she has principle; she is vastly experienced; most politicians pale against her. Now she's on the case I feel we are gaining momentum and I expect the EFL will start to really feel the heat now. We need a chant v Red Dogs "One Margaret Becket...!".
We all know this and our limitations - you two are not blessed with higher football knowledge than the rest of us but after a few crap months most of us are just happy to celebrate the points tally from what seemed like two impossible fixtures after the -9.
TheDeadlySaul got a reaction from LeedsCityRam in Rob Couhig on Sports Scene at 6
TheDeadlySaul got a reaction from RadioactiveWaste in Rob Couhig on Sports Scene at 6
TheDeadlySaul got a reaction from jimtastic56 in Rob Couhig on Sports Scene at 6
TheDeadlySaul reacted to Ghost of Clough in Margaret Beckett on Radio Derby
TheDeadlySaul got a reaction from cannable in January Transfer Suggestion Thread
