G STAR RAM Posted January 16, 2020 Share Posted January 16, 2020 11 minutes ago, SchtivePesley said: Yes, but I can't see how it will stand up. We know from the Fan Forums that Mel was looking at ways to find loopholes in the various FFP laws. He obviously ran the Stadium sale one by the EFL who said "that's fine if you get an independent valuation so we know the value isn't artiificially inflated" Independent valuer says £80m. Mel checks that's ok with the EFL. They say yes. Deal is done and Mel cuts his cloth accordingly. What has to be considered is that the valuation is really of no odds to Mel, It was just a figure that allowed them to plan. The guy is worth half a billion, so a few tens of a million is neither here nor there. If the independent valuer had said £40m - we'd have just gone with it and worked the rest of the FFP balance out from there. It's surely impossible to try and enforce a financial fairness policy if you can retrospectively move the goalposts. If the EFL had disputed the valuation at the time then none of this would be happening I knew we would agree on something one day. Link to comment Share on other sites More sharing options...
Gringo Posted January 16, 2020 Share Posted January 16, 2020 https://www.theguardian.com/football/2020/jan/16/Derby-charged-breaching-financial-fair-play-rules-efl-football-league Link to comment Share on other sites More sharing options...
R@M Posted January 16, 2020 Share Posted January 16, 2020 Mel could just offer a wildly overvalued £100 and a multipack of skips for the Trent shed, thus explaining the valuation on PP Link to comment Share on other sites More sharing options...
Topram Posted January 16, 2020 Share Posted January 16, 2020 16 minutes ago, Wolfie20 said: Has David closed the TRANSFER FORUM yet? Might aswell Link to comment Share on other sites More sharing options...
Millenniumram Posted January 16, 2020 Share Posted January 16, 2020 41 minutes ago, Alpha said: I don't know how it all works tbh I know my car has an estimated value with my insurance company but nothing stops me selling it for much more? But then I don't have to comply with the EFL. I'm kind of like QPR innit Yeah that’s the old saying, anything only worth what someone’s willing to pay for it! Things become a little more complicated though when that person buying is the same as the person selling. To be honest I don’t really know how it works in those sort of cases either, need an accountant on here to explain it to us. Personally I think our valuation seems more than fair for a football stadium. But the EFL must think they have a strong chance of winning to go ahead with charging us you’d think. Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 16, 2020 Share Posted January 16, 2020 Just now, Millenniumram said: But the EFL must think they have a strong chance of winning to go ahead with charging us you’d think. Yeah. They set the rules and I imagine they interpret them, so ... how did we get here Mel? Link to comment Share on other sites More sharing options...
Curtains Posted January 16, 2020 Share Posted January 16, 2020 1 minute ago, RoyMac5 said: Yeah. They set the rules and I imagine they interpret them, so ... how did we get here Mel? Do you think Mel has been badly advised because I do. Link to comment Share on other sites More sharing options...
Mafiabob Posted January 16, 2020 Share Posted January 16, 2020 2 minutes ago, RoyMac5 said: Yeah. They set the rules and I imagine they interpret them, so ... how did we get here Mel? A running theme on the thread of unlikely people agreeing with each other ? Link to comment Share on other sites More sharing options...
Philmycock Posted January 16, 2020 Share Posted January 16, 2020 Regarding our valuation...Location Location Location. Pride Park is one of the most successful and sought after retail/industrial estates in the Midlands, if you flattened the stadium you've still got some hot land to sell at a premium price. Aston is a dive. Riverside is a dive. Regarding the EFL committee...Bamfords Link to comment Share on other sites More sharing options...
Shipley Ram Posted January 16, 2020 Share Posted January 16, 2020 Badly advised by by the FL who said the deal was ok before changing their mind. Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted January 16, 2020 Share Posted January 16, 2020 20 minutes ago, SchtivePesley said: Yes, but I can't see how it will stand up. We know from the Fan Forums that Mel was looking at ways to find loopholes in the various FFP laws. He obviously ran the Stadium sale one by the EFL who said "that's fine if you get an independent valuation so we know the value isn't artiificially inflated" Independent valuer says £80m. Mel checks that's ok with the EFL. They say yes. Deal is done and Mel cuts his cloth accordingly. What has to be considered is that the valuation is really of no odds to Mel, It was just a figure that allowed them to plan. The guy is worth half a billion, so a few tens of a million is neither here nor there. If the independent valuer had said £40m - we'd have just gone with it and worked the rest of the FFP balance out from there. It's surely impossible to try and enforce a financial fairness policy if you can retrospectively move the goalposts. If the EFL had disputed the valuation at the time then none of this would be happening Essentially, if the EFL go down this route, I can see Mel/DCFC responding by seeking damages caused by the EFL advising them previously that everything was fine. It'd be messy but hilarious if the EFL fie us and deuck points which they then have to make good because they themselves are culpable. Link to comment Share on other sites More sharing options...
Ramtastic ones Posted January 16, 2020 Share Posted January 16, 2020 3 hours ago, Millenniumram said: Ducks sake. This could spell absolute disaster. Points deduction, transfer ban. No ones gonna wanna invest in this mess, and I wouldn’t blame Cocu for quitting either. Clubs being run like an absolute circus by Mel and the board. Who on earth is in charge of the finances? We’ve not even made much of a transfer loss the last few years, so how on earth is this even possible?! Where the hell is the money going?! Total utter incompetency. Ever since Mel took over we’ve only gone backwards. He’s taking us the ground with a total lack of organisation. Unsuitable managers, appalling recruitment team... it was only heading one way. To something like this. It’s totally unacceptable. We look a total laughing stock. I refuse to watch our club get run to ruin by fools who couldn’t organise a piss up in a brewery. Board out!!! No disaster. Stops us buying a load of overpriced second rate nobodies in the transfer window, giving the young guns time to develop. In the meantime the lawyers make the efl and Gibson look clowns because it was all approved by the efl before it went through and next season we smash it! Link to comment Share on other sites More sharing options...
Curtains Posted January 16, 2020 Share Posted January 16, 2020 1 minute ago, Shipley Ram said: Badly advised by by the FL who said the deal was ok before changing their mind. Or I hate to say it Our financial advisors Link to comment Share on other sites More sharing options...
Millenniumram Posted January 16, 2020 Share Posted January 16, 2020 2 minutes ago, RoyMac5 said: Yeah. They set the rules and I imagine they interpret them, so ... how did we get here Mel? Exactly. This is the main point. How are we so far over FFP that we need 80m from the stadium? Link to comment Share on other sites More sharing options...
May Contain Nuts Posted January 16, 2020 Share Posted January 16, 2020 4 minutes ago, Millenniumram said: But the EFL must think they have a strong chance of winning to go ahead with charging us you’d think. I've found a photo from the EFL's last AGM As @SchtivePesley has pointed out, it may just be a case of... Link to comment Share on other sites More sharing options...
Carnero Posted January 16, 2020 Share Posted January 16, 2020 That Kieran Maguire chap (Price of Football) reckons without the stadium sale our 3 year loss for P&S/FFP purposes was £53m. By my maths, in order to keep within the rules we'd have had to have sold the stadium for at least £55m. According to John Percy, the EFL value of the stadium is £50m. Putting these pieces together means that in a worse case scenario of being found guilty we'd have only breached the rules by £5m max. Hardly a major breach and more likely to result in a fine or transfer ban than a points deduction. Link to comment Share on other sites More sharing options...
Curtains Posted January 16, 2020 Share Posted January 16, 2020 Unfortunately the EFL make the rules I mean they have the power above all else as it’s their league. Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted January 16, 2020 Share Posted January 16, 2020 1 minute ago, Shipley Ram said: Badly advised by by the FL who said the deal was ok before changing their mind. I think all clubs who've previously been told it's OK by the league then charged retrospectively are going to have teams of lawyers putting together suits based on being told they were OK to act as they did by the league. I might just become a sports governance lawyer for a few months. Hourly rate *frightening* Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 16, 2020 Share Posted January 16, 2020 5 minutes ago, Curtains said: Do you think Mel has been badly advised because I do. No. He's in charge. Link to comment Share on other sites More sharing options...
May Contain Nuts Posted January 16, 2020 Share Posted January 16, 2020 1 minute ago, Curtains said: Unfortunately the EFL make the rules I mean they have the power above all else as it’s their league. Clearly not, or else they wouldn't have to refer it to a panel to make the decision. Link to comment Share on other sites More sharing options...
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