Ambitious Posted May 10, 2021 Share Posted May 10, 2021 1 minute ago, Nuwtfly said: Ah, exciting stuff. Link to comment Share on other sites More sharing options...
one_chop Posted May 10, 2021 Share Posted May 10, 2021 League 1 here we come. Link to comment Share on other sites More sharing options...
Jubbs Posted May 10, 2021 Share Posted May 10, 2021 There's been so many different people saying different things regarding this appeal. We had people say it could only be a fine at most, to a 21 point deduction. As far as I'm aware, the policy itself, can't give us any points deduction, but because of the policy, we'd have the file our accounts to the "normal way" which in turn would mean we breach FFP? Is that correct? RadioactiveWaste 1 Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted May 10, 2021 Share Posted May 10, 2021 1 minute ago, Jubbs said: There's been so many different people saying different things regarding this appeal. We had people say it could only be a fine at most, to a 21 point deduction. As far as I'm aware, the policy itself, can't give us any points deduction, but because of the policy, we'd have the file our accounts to the "normal way" which in turn would mean we breach FFP? Is that correct? I think that's right, but i could be wrong. kevinhectoring 1 Link to comment Share on other sites More sharing options...
therams69 Posted May 10, 2021 Share Posted May 10, 2021 49 minutes ago, Nuwtfly said: In the days post-Saturday, I find myself seeing more and more why Nick - @therams69 - was urging us to pull our heads out of the sand. Some are very firmly buried. Listen (Keogh style) I believe so... There are questions out there that need answering to reaffirm our future as a football club. The statement yesterday was their opportunity, titled from the top yet no quotes or said CEO Stephen Pearce or Said Owner Mel Morris.... Why? Many focused on the fact we have heard something, I focus on the fact that it wasn't what we need to hear. We all know we have had a bad season, we do not need the obvious pointing out to us and of course they apologise for that. But this is not what its all about. Our manager will sort that mess out - its the Club as a whole that is the issue here. Swerving statements like this further bury some fans heads - not mine or many others that strongly want reassurance. Everything that is against us right now is because of utter mis management at the top. Time and time again we are trying to cover our mistakes - a well highlighted trait amongst poorly ran clubs. I do not see 23 other Championship clubs having to deal with this. And make no mistake should we get a points deduction or a huge fine or whatever, this further concerns me that our owner will just pull the plug and fire us into admin - of course this could be reassured by the statement confirming that he will back us no matter what! But this is not forthcoming and you have to ask why. The last we heard was 3 months ago, 3 months ago.......... Kathcairns and Angry Ram 2 Link to comment Share on other sites More sharing options...
Spanish Posted May 10, 2021 Share Posted May 10, 2021 8 hours ago, 86 Hair Islands said: For the gazillionth time, the actual charge being appealed relates to our amortisation policy, a policy that is a widely held accounting standard. The charge does not relate specifically to the methodology used and as such, this is not being contested, but rather to the fact that the way the practice was described in our annual report, 'could have been clearer'. Yep I and other do know that (albeit apparently not everyone)? I have not read anywhere that the appeal is just on 2.5 but I have read it was on 2. If you have that would be great news This is where AS standards may clash with industry specific rules, the tribunal was very clear, as you imply, that our approach was compliant with standards Link to comment Share on other sites More sharing options...
duncanjwitham Posted May 10, 2021 Share Posted May 10, 2021 5 minutes ago, RoyMac5 said: "The sanction is still to be determined, but we are told that anything from a fine to a points deduction is possible, and that could be applied to the current season or the next campaign. We are told that Derby - owned by Mel Morris - did not follow accepted practice by including the depreciation of player assets in their accounts. Sources say that removed losses in excess of £30million over a three-year period." Unless I'm completely mis-understanding something, it can't have "removed losses", all it can have done is shunt them into different financial years. We were still amortising players values, just not in a straight line. Rev, Andicis, r_wilcockson and 2 others 4 1 Link to comment Share on other sites More sharing options...
Big Trav Posted May 10, 2021 Share Posted May 10, 2021 I’m almost certain that this appeal was just so the efl could fine us and tell us to fix our amortisation policy. I swear that when we first won the case back in summer last year it was stated and known that if the appeal was successful there could be no points deduction Nookiebear1 1 Link to comment Share on other sites More sharing options...
roboto Posted May 10, 2021 Share Posted May 10, 2021 11 minutes ago, Nuwtfly said: It's the Hope that kills you... Nishfan, Ambitious and ariotofmyown 1 2 Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted May 10, 2021 Share Posted May 10, 2021 1 minute ago, duncanjwitham said: Unless I'm completely mis-understanding something, it can't have "removed losses", all it can have done is shunt them into different financial years. We were still amortising players values, just not in a straight line. That's my understanding. Link to comment Share on other sites More sharing options...
Nuwtfly Posted May 10, 2021 Share Posted May 10, 2021 Link to comment Share on other sites More sharing options...
Jubbs Posted May 10, 2021 Share Posted May 10, 2021 What the hell is going on!?!? One normal day of Derby County is all I ask for Link to comment Share on other sites More sharing options...
May Contain Nuts Posted May 10, 2021 Share Posted May 10, 2021 3 minutes ago, duncanjwitham said: Unless I'm completely mis-understanding something, it can't have "removed losses", all it can have done is shunt them into different financial years. We were still amortising players values, just not in a straight line. ...but if the figures aren't allowed to be shunted along, would they have to be squeezed together, with a loss previously attributed the say the very start of 2019/20 accounts being forced into the 2018/19 accounts - sending the 2018/19 account overspend (and any 3 year period they're included in) rocketing to a level beyond acceptable loss? I don't even know what I just typed, head's gone fuzzy. Link to comment Share on other sites More sharing options...
DarkFruitsRam7 Posted May 10, 2021 Share Posted May 10, 2021 Some club eh. Angry Ram 1 Link to comment Share on other sites More sharing options...
May Contain Nuts Posted May 10, 2021 Share Posted May 10, 2021 Just now, DarkFruitsRam7 said: Some club eh. Some governing body Reggie Greenwood and angieram 1 1 Link to comment Share on other sites More sharing options...
Comrade 86 Posted May 10, 2021 Share Posted May 10, 2021 8 minutes ago, Spanish said: Yep I and other do know that (albeit apparently not everyone)? I have not read anywhere that the appeal is just on 2.5 but I have read it was on 2. If you have that would be great news This is where AS standards may clash with industry specific rules, the tribunal was very clear, as you imply, that our approach was compliant with standards Pretty sure it's all cited on here buddy but in all honesty, there's been so many different conversations about this now spread across so many threads, I wouldn't know where to start. Based on what I've read, I see literally no precedent for a points deduction and I really do think that at a time where the EFL's stock is at an all-time low, they are simply sabre-rattling to appease a few angry, blowhard owners and directors. If they'd not appealed, the charges levied to EFL member clubs for what was a farcical tribunal would have hung heavily around their necks. Perpetuating the process just seems like a thinly-veiled attempt to retrospectively give the process some credibility. The whole thing is just embarrassing. Ellafella, Reggie Greenwood and VulcanRam 1 2 Link to comment Share on other sites More sharing options...
nottingram Posted May 10, 2021 Share Posted May 10, 2021 SouthernRam, Topram, mike93rh and 5 others 8 Link to comment Share on other sites More sharing options...
duncanjwitham Posted May 10, 2021 Share Posted May 10, 2021 1 minute ago, Coconut said: ...but if the figures aren't allowed to be shunted along, would they have to be squeezed together, with a loss previously attributed the say the very start of 2019/20 accounts being forced into the 2018/19 accounts - sending the 2018/19 account overspend (and any 3 year period they're included in) rocketing to a level beyond acceptable loss? I don't even know what I just typed, head's gone fuzzy. Yeah, it's possible that a £30m loss that 'should' have occurred in a 3-year FFP window was moved outside of that window. But that 'should' is doing a hell of a lot of work. The tribunal report from the first hearing was crystal clear on the matter - the rules say absolutely nothing about how you amortize player values, only that it should be 'systematic'. If it's true that we are using a system that's used by other prem clubs, and has been signed off by our accountants, HMRC etc, then I don't see they have a leg to stand on. Reggie Greenwood, Will Hughes Hair and NottsRam77 2 1 Link to comment Share on other sites More sharing options...
Ellafella Posted May 10, 2021 Share Posted May 10, 2021 11 minutes ago, roboto said: It's the Hope that kills you... Especially if the reporter is eponymously "Hope-less" Link to comment Share on other sites More sharing options...
Spanish Posted May 10, 2021 Share Posted May 10, 2021 3 minutes ago, Coconut said: ...but if the figures aren't allowed to be shunted along, would they have to be squeezed together, with a loss previously attributed the say the very start of 2019/20 accounts being forced into the 2018/19 accounts - sending the 2018/19 account overspend (and any 3 year period they're included in) rocketing to a level beyond acceptable loss? I don't even know what I just typed, head's gone fuzzy. not far off I would say. Somebody can correct me if I'm wrong but the PP sale enable us to get some of the amortisation out in a single year when on a straight line basis that may need to be written back to previous years increasing losses in those year breaching FFP and P&S. If I'm wrong then I don't see what all this fuss has been about Link to comment Share on other sites More sharing options...
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