Ghost of Clough Posted May 12, 2021 Share Posted May 12, 2021 14 hours ago, sage said: It should just be a fine but politically they have to give us a points deduction. Giving us a deduction for the 20/21 season and relegating us would set a dangerous precedent and we would drag them through the courts for months. I see 3 or 4 points off next season. Any deduction is dependant on the outcome of recalculating the amortisation in the accounts. Any deduction would have to be in the 21/22 season. Any deduction can be reduced due to mitigating factors. Any deduction will not be increased due to extenuating circumstances. My estimate suggests we don't fail P&S in 17/18. KM's estimate of £30m amortisation vs £21m for mine, suggests failing P&S by about £7.2m. Based on KM's figure (worst case), we would be due a 6 point deduction. Given the precedent set in the SW case of halving the penalty, it becomes 3 points instead. Given the EFL's incompetence, that's reduced to 2 points. Given the accountants on the DC panel thought we were compliant, reduced further to 1 point Given we did not deliberately exceed the limits, rather we did everything we could to stay within them, 0 points deducted LeedsCityRam, The_Sheriff, Carnero and 2 others 5 Link to comment Share on other sites More sharing options...
Ghost of Clough Posted May 12, 2021 Share Posted May 12, 2021 2 hours ago, Carnero said: I'm pretty sure DCFC said that too, I think it was when we expressed our disappointment at the EFL appealing the original decision @Philmycock My calculations also support it ? Link to comment Share on other sites More sharing options...
Ghost of Clough Posted May 12, 2021 Share Posted May 12, 2021 2 hours ago, Curtains said: I can’t quote but I’ve read it. This one? "The Club believes that pursuing a case based on conflicting opinions about accounting policies which, even if the EFL succeeded, would have only led to the Club re-submitting its P&S calculations, is a further waste of the EFL’s resources and an unnecessary distraction to the Club." https://www.dcfc.co.uk/news/2020/09/Derby-county-statement-on-efl-appeal Kind of suggests we wouldn't be worried about the numbers Carl Sagan, Mckram and Curtains 1 2 Link to comment Share on other sites More sharing options...
Carnero Posted May 12, 2021 Share Posted May 12, 2021 9 minutes ago, Ghost of Clough said: KM's estimate of £30m amortisation vs £21m for mine I guess the £22m impairment in 18/19 fits with your £21m adjustment too? Link to comment Share on other sites More sharing options...
duncanjwitham Posted May 12, 2021 Share Posted May 12, 2021 Given that the LAP basically told the accountants on the DC that they knew nothing about accounting, I reckon they're going to be lenient. £1 fine and permission to live rent-free in Steve Gibson's head for another season. Jram 1 Link to comment Share on other sites More sharing options...
Sparkle Posted May 12, 2021 Share Posted May 12, 2021 52 minutes ago, Beetle said: This is all very strange. If the accounts will comply with FFP in either ammortisation formats then this whole process has been a waste of everyones time and money. I must be missing something The EFL needs a win! - currently every club has to pay their legal fees and ours which I believe sat around £50,000 per club after the first hearing Link to comment Share on other sites More sharing options...
Ghost of Clough Posted May 12, 2021 Share Posted May 12, 2021 12 minutes ago, Carnero said: I guess the £22m impairment in 18/19 fits with your £21m adjustment too? I didn't think about that to be honest. It does seem like a reasonable assumption. FYI, I think* KM got his figures from total potential fee - essentially he's put Thorne down as £3.5m whereas I put him down as £2.4m. (£2.4m initial fee backed up by the decision documents if you read between the lines). His £20m would also include promotion bonuses. * I haven't gone through the accounts with a fine-tooth comb to be certain that's what he's done, but it seems plausible. Carnero 1 Link to comment Share on other sites More sharing options...
RandomAccessMemory Posted May 12, 2021 Share Posted May 12, 2021 My suspicion is that the EFL believe we would fail which is why they are pursuing it so forcefully. The club are quoted as saying they believe we won’t. Could the stadium profit prove crucial? Does the fact that it also includes itself as a year in the new P&S rules due to the 4-year Covid rule situation where 2019/20 and 2020/21 are calculated as an average of the two also prove crucial? Where 2017/18 wouldn’t normally be included with 2020/21? Interestingly, I think of the figures included in the original IDC the latest ones were March or April 2019(?) what we didn’t know by then was that we would end up in the playoffs and get the income associated with that. I assume we got the gate receipts as usual being the loser of the final? Nor did we know at that point that we would ‘sell’ Lampard and the coaching staff for apparently £4m. Let’s see what happens. The Scarlet Pimpernel and r_wilcockson 1 1 Link to comment Share on other sites More sharing options...
Donnyram Posted May 12, 2021 Share Posted May 12, 2021 32 minutes ago, Ghost of Clough said: Any deduction is dependant on the outcome of recalculating the amortisation in the accounts. Any deduction would have to be in the 21/22 season. Any deduction can be reduced due to mitigating factors. Any deduction will not be increased due to extenuating circumstances. My estimate suggests we don't fail P&S in 17/18. KM's estimate of £30m amortisation vs £21m for mine, suggests failing P&S by about £7.2m. Based on KM's figure (worst case), we would be due a 6 point deduction. Given the precedent set in the SW case of halving the penalty, it becomes 3 points instead. Given the EFL's incompetence, that's reduced to 2 points. Given the accountants on the DC panel thought we were compliant, reduced further to 1 point Given we did not deliberately exceed the limits, rather we did everything we could to stay within them, 0 points deducted I like it, keep going & we’ll be promoted before the season starts Mucker1884, David Graham Brown and Ghost of Clough 3 Link to comment Share on other sites More sharing options...
Ghost of Clough Posted May 12, 2021 Share Posted May 12, 2021 2 minutes ago, RandomAccessMemory said: My suspicion is that the EFL believe we would fail which is why they are pursuing it so forcefully. The club are quoted as saying they believe we won’t. Could the stadium profit prove crucial? Undoubtedly. Even with the amortisation, we would have failed P&S without the stadium sale. 2 minutes ago, RandomAccessMemory said: Does the fact that it also includes itself as a year in the new P&S rules due to the 4-year Covid rule situation where 2019/20 and 2020/21 are calculated as an average of the two also prove crucial? Where 2017/18 wouldn’t normally be included with 2020/21? Absolutely 2 minutes ago, RandomAccessMemory said: Interestingly, I think of the figures included in the original IDC the latest ones were March or April 2019(?) what we didn’t know by then was that we would end up in the playoffs and get the income associated with that. I assume we got the gate receipts as usual being the loser of the final? Nor did we know at that point that we would ‘sell’ Lampard and the coaching staff for apparently £4m. Let’s see what happens. RandomAccessMemory 1 Link to comment Share on other sites More sharing options...
Beetle Posted May 12, 2021 Share Posted May 12, 2021 28 minutes ago, Ghost of Clough said: This one? "The Club believes that pursuing a case based on conflicting opinions about accounting policies which, even if the EFL succeeded, would have only led to the Club re-submitting its P&S calculations, is a further waste of the EFL’s resources and an unnecessary distraction to the Club." https://www.dcfc.co.uk/news/2020/09/Derby-county-statement-on-efl-appeal Kind of suggests we wouldn't be worried about the numbers Lets hope the panel allow us to to resubmit the P&S calculations and they are within the limits. Mr Morris can then hand the EFL its arse on a plate and we can all drink and be merry. I keep getting flash backs of Forsyth knocking that ball down to Paterson. Hopefully those thoughts will be gone by the time this is all resolved... David Graham Brown 1 Link to comment Share on other sites More sharing options...
Carl Sagan Posted May 12, 2021 Share Posted May 12, 2021 I'd love it (Keegan style?) if we were fined one pound in the style of Trading Places, as a way for the Disciplinary Committee to say up yours to the EFL. Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted May 12, 2021 Share Posted May 12, 2021 2 minutes ago, Carl Sagan said: I'd love it (Keegan style?) if we were fined one pound in the style of Trading Places, as a way for the Disciplinary Committee to say up yours to the EFL. I've not actually cottoned onto that, the club arent only being attacked by the EFL, the EFL are actually calling the independent commission into question, so they might want to prove their decision was right, rather than back the EFL up. Let's just hope they hold firm rather than bow to pressure. Link to comment Share on other sites More sharing options...
Spanish Posted May 12, 2021 Share Posted May 12, 2021 bump 5 minutes ago, MackworthRamIsGod said: I've not actually cottoned onto that, the club arent only being attacked by the EFL, the EFL are actually calling the independent commission into question, so they might want to prove their decision was right, rather than back the EFL up. Let's just hope they hold firm rather than bow to pressure. 4 hours ago, Spanish said: in theory this could pit DC against EFL. Not sure how I would feel if I was on the DC I think I may need to resign. A different DC might be less aligned to our side of the argument RadioactiveWaste 1 Link to comment Share on other sites More sharing options...
abertawe_ram Posted May 12, 2021 Share Posted May 12, 2021 Link to comment Share on other sites More sharing options...
Charliegeorge1962 Posted May 12, 2021 Share Posted May 12, 2021 Possibly points reduction, I only hope it's for next season and not the last one. Link to comment Share on other sites More sharing options...
EdinRam Posted May 12, 2021 Share Posted May 12, 2021 I reckon 12 points The Scarlet Pimpernel 1 Link to comment Share on other sites More sharing options...
Curtains Posted May 12, 2021 Share Posted May 12, 2021 Just now, EdinRam said: I reckon 12 points Absolutely no chance . Link to comment Share on other sites More sharing options...
Kooklaram Posted May 12, 2021 Share Posted May 12, 2021 100 lines " we will not be naughty again" Link to comment Share on other sites More sharing options...
Ghost of Clough Posted May 12, 2021 Share Posted May 12, 2021 18 minutes ago, EdinRam said: I reckon 12 points Are you sure? That sounds a bit positive for you. Why not the maximum 21? LeedsCityRam, Long Time Lurker, David Graham Brown and 3 others 6 Link to comment Share on other sites More sharing options...
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