Please don’t blame Morris and Pearce.

[RoyMac5]

Just now, RadioactiveWaste said:

They're not goodies either, I don't care about them, but i just wouldn't cast them as being anything other than incidental and any club in thire position would adopt this approach. I just think Wycombe aren't the people to be having a go at - if it was wednesday or rotherham who could potentially benefit, it would be them screaming. That's just a reality.

Also, Wycombe can't appeal anything between the EFL and DCFC in this case, they are not a party to the dispute.

 

[TheAllestreeRam]

5 minutes ago, The Scarlet Pimpernel said:

The root of this is the stupid acceptance by the EFL that relegated clubs from the PL can rely on 4 years worth of parachute payments that ensure they have the unfair advantage of retaining or buying the best players thus disadvantaging others in the league who don't benefit from this unfair income. Mel has tried his hardest to circumnavigate his way around this grossly unfair system in an effort to make us competitive.

 

I appreciate that is what he has tried to do, but he has failed with that miserably. We used almost no acumen in the market and spent like crazy to try and compete. We have been leap frogged by most of the clubs in the league who dont have parachute payments despite spending more than them and they havent had to play with their accounting.  

Its sad to see because Mel does care... he and pearce are just not very good at running a football club unfortunately.

[RandomAccessMemory]

28 minutes ago, TheAllestreeRam said:

But this has all been self induced.... just do the accounts properly, do it the same as everyone else, why give them the ammunition in the first place. 

But they were of the belief, as were their auditors, that they did do the accounts ‘properly’.

It does not mention how you’re supposed to account for amortisation, they believed they were fine within FRS102 to do it as they did, the original IDC decision vindicated this, yes I know the appeal has since gone against them, however what that should show you is that it is not at all clear cut, it seems to boil down to a difference in opinion.

[The Scarlet Pimpernel]

4 minutes ago, RandomAccessMemory said:

But they were of the belief, as were their auditors, that they did do the accounts ‘properly’.

It does not mention how you’re supposed to account for amortisation, they believed they were fine within FRS102 to do it as they did, the original IDC decision vindicated this, yes I know the appeal has since gone against them, however what that should show you is that it is not at all clear cut, it seems to boil down to a difference in opinion.

Exactly this. We are not the sneaky villains we are portrayed as outside the club. We have genuinely tried within the rules as written to compete to the absolute best of our ability. 

Edited June 24, 2021 by The Scarlet Pimpernel

[AndyinLiverpool]

I'm definitely blaming Mel Morris

[Simmo’s left foot]

This whole FFP thing could be made very simple:

1. Scrap parachute payments.

2. If relegated, all players in relegated team switch to championship contract and pay, this written into all premier league contracts.

3. Limit wages to no more than 75% of forecast trading turnover (Transfer receipts not included) Agreed in advance for each season.

4. Apply wage cap to any individual player wages.

[Stuniverse]

1 minute ago, Simmo’s left foot said:

4. Apply wage cap to any individual player wages.

I like the American Professional Sports model where you have an overall squad salary cap.You can pay your star player(s) mega bucks if you want, but then you have less dollars to pay the rest of your squad.

[May Contain Nuts]

19 minutes ago, The Scarlet Pimpernel said:

Exactly this. We are not the sneaky villains we are portrayed as outside the club. We have genuinely tried within the rules as written to compete to the absolute best of our ability. 

Unfortunately we do seem to have a very peculiar subset of supporters who will always look to do their own club down and simply join in with others slagging it off.

Ooooh sub-optimal supporters, they can be the new half fans!

I'm sure we're nothing special in that regard though, every club must have them.

We can definitely be critical of how Mel Morris has handled the club, but not to the point of excluding basic decency and certainly not to the point of actually being supportive of people taking action against him and the club.

Edited June 24, 2021 by Coconut

[RoyMac5]

7 minutes ago, Coconut said:

We should definitely be critical of how Mel Morris has handled the club, but not to the point of excluding basic decency and certainly not to the point of actually being supportive of people taking action against him and the club.

Exactly! It's not Mel or Pearce's fault that the EFL signed off our accounts (with knowledge of what we'd done ffs) and now have decided to try and retrospectively punish us for something WE and THEY believed to be right at the time of submitting.

[Spanish]

20 minutes ago, RoyMac5 said:

Exactly! It's not Mel or Pearce's fault that the EFL signed off our accounts (with knowledge of what we'd done ffs) and now have decided to try and retrospectively punish us for something WE and THEY believed to be right at the time of submitting.

the accounts that were 'signed off' contained misleading information as to how the amortisation was calculated.  If the info that was allegedly agreed between EFL and DCFC before we started this had been clearly quoted we would be clear.  Remember there are 2 steps to this process, early in the year we sent in 3 year estimates and then this is checked later against the audited accounts

[kevinhectoring]

19 minutes ago, RoyMac5 said:

that the EFL signed off our accounts (with knowledge of what we'd done ffs)

Is there evidence to support this? It appears a lot on here but I can’t remember reading it anywhere else. 

[Spanish]

1 minute ago, kevinhectoring said:

Is there evidence to support this? It appears a lot on here but I can’t remember reading it anywhere else. 

question is, if there is evidence why haven't we used it?

[RoyMac5]

4 minutes ago, Spanish said:

the accounts that were 'signed off' contained misleading information as to how the amortisation was calculated.  If the info that was allegedly agreed between EFL and DCFC before we started this had been clearly quoted we would be clear.  Remember there are 2 steps to this process, early in the year we sent in 3 year estimates and then this is checked later against the audited accounts

They were signed off. The misleading information has been shown to be owing to an accounting practice the EFL said we could use.

Quote from DJW on other thread "Page 30 onwards in here: https://www.efl.com/siteassets/image/202021/general-news-images/efl-v-Derby-county--decision.pdf

"‘This was more about [the EFL] wanting an understanding of the process, as they accept that there is nothing they can question on it as it is an acceptable accounting policy under accounting standards. We discussed this with them and they are now comfortable with the treatment’" etc"

 

Edited June 24, 2021 by RoyMac5

[Premier ram]

3 hours ago, David said:

For an organisation to approve and sign off on accounts for 3 seasons, to then turn round and say hold up, you know how we approved those accounts? Yeah, we don’t anymore and decided we want to retrospectively punish you by relegating you. 

Whatever your thoughts on Mel, the signings, appointments the colour of his shoes, this is just insanity, it honestly is and it’s vindictive insanity even taking club bias out.

This case should worry every single owner, manager and fan of clubs under the shambolic EFL pyramid.

Including that Championship club where the owner owns another club over in Greece, transferring players between each other to circumvent FFP restrictions without even trying to hide it and the EFL are blind to it.

Our real crime here let’s be honest is being better than Middlesbrough one season, that’s the big issue here. 

We’ve upset this little bloke up North sat in his half empty stadium so much he’s had his lawyers out to shake the EFL suits up.

Then you have that Karen Maguire over on Twitter sticking his great big spoon into the mix as it gives him a hard on and appearances on rogue radio stations and podcasts.

Absolute joke.

Nobody from the EFL will read this, but if somehow you do, fine yourself, fine yourself for being an inept organisation and if you’re serious about looking out for the best interests of the member clubs, sell up, hand the leagues over as you have shown time after time you are incapable of running them, you’re an embarrassment.

#FuckTheEFL

Beilliant post mate , sums up how i feel in a nutshell

[Premier ram]

Just now, Premier ram said:

Beilliant post mate , sums up how i feel in a nutshell

Brilliant , sorry

[Leeds Ram]

Quite honestly a portion of blame needs to be put at the door of all the parties involved. The EFL for pursuing a vendetta and not doing their job competently in the first place leading to post facto rules being imposed upon us- hounding us through the courts until they eventually got their judgement whilst letting more egregious cases in the past sail onto the premier league. 

However, pretending Mel and Pearce are blameless in this is borderline lobotomy thinking. They've been playing around with the accounts because we've been spending money we haven't really got and it's led us to this point of absolute financial disaster that is crippling the club. At the same time, Morris has managed to alienate big players in the league and our governing body to the point they're sending out press releases with alternative fixture lists of us going down. It's just further representation of how absolutely dire that man's ownership of this club has been. 

we can all say duck the efl and yes they're a poorly run organisation that are going off the rails but Mel's also put us into this position. I imagine it's become an absolute battle of wills and the collateral damage is the financial and football health of this institution. 

[Spanish]

16 minutes ago, RoyMac5 said:

They were signed off. The misleading information has been shown to be owing to an accounting practice the EFL said we could use.

Quote from DJW on other thread "Page 30 onwards in here: https://www.efl.com/siteassets/image/202021/general-news-images/efl-v-Derby-county--decision.pdf

"‘This was more about [the EFL] wanting an understanding of the process, as they accept that there is nothing they can question on it as it is an acceptable accounting policy under accounting standards. We discussed this with them and they are now comfortable with the treatment’" etc"

 

read on to point 228 which is pretty damning

[Sparkle]

The only blame I attribute to Mel Morris is

trying to compete with unfair parachute payments 

allowing Sam Rush to operate unmonitored 

[i-Ram]

2 minutes ago, Sparkle said:

The only blame I attribute to Mel Morris is

trying to compete with unfair parachute payments 

allowing Sam Rush to operate unmonitored 

What evidence have you that Sam Rush operated unmonitored?

[RoyMac5]

2 minutes ago, Spanish said:

read on to point 228 which is pretty damning

Is it retrospect though? It's still just accounting practices. The time for the EFL to try to be shitty is after we resubmit.