Dave Mackay Ate My Hamster Posted June 10, 2022 Share Posted June 10, 2022 (edited) I know it's all what's, whys and wherefors, but what if they hadn't rolled over bared their bellies to the EFL and left the issue " in abeyance " in the hands of lawyers? We'd still be a Championship side. Yes we obviously wouldn't have avoided the -12 penalty for administration, but we'd be a much more attractive option. Any half-decent lawyer could have exposed the EFL's inconsistencies in not having a written policy of amortization, allowing us to interpret that inconsistency in otherwise perfectly legal accountancy practices, then the fact that they retrospectively changed their rules, announcing that " the straight line method " was retrospectively the only way. I think we'd have had an excellent chance of winning that argument with a robust " lawyered-up " team. These legal ramblings would have rumbled on for many months, well into next season. Meanwhile we'd be a much better business opportunity for any potential buyer. Even to the point of paying the extra £8m or so to avoid the --15 points by being more generous with our creditors. A Championship team, with our support-base, coming out of administration free of debt is surely worth £8m more a Division 1 team, starting on minus 15 points, with various suitors fighting over our carcass for ever decreasing amounts. With wise management and spending we could potentially have had a good shot of getting to the Premier League. The current way things are shaping up we're a Division 1 club starting on -15 points. Am I being too idealistic? It could have been so different. It's not as though accepting the extra 9 points deduction got us anywhere... Edited June 10, 2022 by Kernow Title gfs1ram and jimtastic56 1 1 Link to comment Share on other sites More sharing options...
Dave Mackay Ate My Hamster Posted June 10, 2022 Author Share Posted June 10, 2022 (edited) Sorry Quantuma. Edit: Quantuma came out as Quantum's in my post title. Edited June 10, 2022 by Dave Mackay Ate My Hamster Link to comment Share on other sites More sharing options...
Tyler Durden Posted June 10, 2022 Share Posted June 10, 2022 Playing Devils Advocate if it was all so easy for them to challenge the 9 points deduction and win why didn't they then do it? Link to comment Share on other sites More sharing options...
Ram1988 Posted June 10, 2022 Share Posted June 10, 2022 Who has any faith in the administrators? their communication is poor to say the least OohMartWright 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted June 10, 2022 Share Posted June 10, 2022 22 minutes ago, Dave Mackay Ate My Hamster said: I know it's all what's, whys and wherefors, but what if they hadn't rolled over bared their bellies to the EFL and left the issue " in abeyance " in the hands of lawyers? We'd still be a Championship side. Yes we obviously wouldn't have avoided the -12 penalty for administration, but we'd be a much more attractive option. Any half-decent lawyer could have exposed the EFL's inconsistencies in not having a written policy of amortization, allowing us to interpret that inconsistency in otherwise perfectly legal accountancy practices, then the fact that they retrospectively changed their rules, announcing that " the straight line method " was retrospectively the only way. I think we'd have had an excellent chance of winning that argument with a robust " lawyered-up " team. These legal ramblings would have rumbled on for many months, well into next season. Meanwhile we'd be a much better business opportunity for any potential buyer. Even to the point of paying the extra £8m or so to avoid the --15 points by being more generous with our creditors. A Championship team, with our support-base, coming out of administration free of debt is surely worth £8m more a Division 1 team, starting on minus 15 points, with various suitors fighting over our carcass for ever decreasing amounts. With wise management and spending we could potentially have had a good shot of getting to the Premier League. The current way things are shaping up we're a Division 1 club starting on -15 points. Am I being too idealistic? It could have been so different. It's not as though accepting the extra 9 points deduction got us anywhere... There was no right of appeal, unfortunately so bound to be a penalty for FFP even though it was a very dodgy decison by FAP made by non-accountants. Nine points was very harsh and double counted with the 12 point deduction. Q's justification at the time was they were trying to move things forward quickly and needed certainty. Well that went well. Link to comment Share on other sites More sharing options...
EtoileSportiveDeDerby Posted June 10, 2022 Share Posted June 10, 2022 Quantuma have been a complete shitshow. Remember when they were first installed. This should be an easy one, plenty of interest, wont take long. What a lot of blx. sheeponacid, Boycie, jimtastic56 and 1 other 3 1 Link to comment Share on other sites More sharing options...
europia Posted June 10, 2022 Share Posted June 10, 2022 2 minutes ago, EtoileSportiveDeDerby said: Quantuma have been a complete shitshow. Personally, I would rather not be so complimentary toward them ? EtoileSportiveDeDerby, jimtastic56, Ken Tram and 1 other 4 Link to comment Share on other sites More sharing options...
EtoileSportiveDeDerby Posted June 10, 2022 Share Posted June 10, 2022 4 minutes ago, europia said: Personally, I would rather not be so complimentary toward them ? I channelled my innner Henry Kissinger Dave Mackay Ate My Hamster and europia 1 1 Link to comment Share on other sites More sharing options...
YouRams Posted June 10, 2022 Share Posted June 10, 2022 56 minutes ago, Tyler Durden said: Playing Devils Advocate if it was all so easy for them to challenge the 9 points deduction and win why didn't they then do it? Because then they wouldn't have this dragged out saga and massive pay cheque at the end of it... Dave Mackay Ate My Hamster and jimtastic56 1 1 Link to comment Share on other sites More sharing options...
cannable Posted June 10, 2022 Share Posted June 10, 2022 1 hour ago, Tyler Durden said: Playing Devils Advocate if it was all so easy for them to challenge the 9 points deduction and win why didn't they then do it? I can’t be bothered to look for a source, but from memory, didn’t they say something along the lines of ‘we’re accepting it rather than fighting it because we believe it’ll streamline a takeover’? Premier ram and Mckram 2 Link to comment Share on other sites More sharing options...
Ram-a-lama fa fa fa Posted June 10, 2022 Share Posted June 10, 2022 quantuma arent fit to lace our scouting departments boots Dave Mackay Ate My Hamster, jimtastic56 and OohMartWright 1 2 Link to comment Share on other sites More sharing options...
Boycie Posted June 10, 2022 Share Posted June 10, 2022 Well, I think Q will be a bit on edge at the moment. I’d love them to put a statement out to explain away all the accusations and put the record straight. But alas, communication isn’t their greatest asset unless they can charge for it. Dave Mackay Ate My Hamster 1 Link to comment Share on other sites More sharing options...
Gaspode Posted June 11, 2022 Share Posted June 11, 2022 We had a damn good case against the 12 points (proven by subsequent EFL rules changes that allowed clubs to lose more money because of COVID) - Q simply abandoned the appeal to speed up the process. They have made a series of poor decisions throughout this whole fiasco - doubt they’ll get much future work in football….. Rammy03, Dave Mackay Ate My Hamster and jimtastic56 2 1 Link to comment Share on other sites More sharing options...
Gritstone Ram Posted June 11, 2022 Share Posted June 11, 2022 I think it is quite clear now that Quantuma are pretty useless at dealing with sports clubs. I’m not sure an administrator picked by the EFL is the answer but they would certainly have someone to answer to and we would have them to vent our anger at. Dave Mackay Ate My Hamster, jimtastic56, Rammy03 and 1 other 2 2 Link to comment Share on other sites More sharing options...
Dave Mackay Ate My Hamster Posted June 11, 2022 Author Share Posted June 11, 2022 (edited) 1 hour ago, Gaspode said: We had a damn good case against the 12 points (proven by subsequent EFL rules changes that allowed clubs to lose more money because of COVID) - Q simply abandoned the appeal to speed up the process. They have made a series of poor decisions throughout this whole fiasco - doubt they’ll get much future work in football….. I hadn't considered that one, but yes, we'd certainly have a Covid defence to that one as well. Rules that have since been changed, grants we weren't allowed to apply for. Then we've had administrators that have offered us up for a damn good thrashing before putting us up for sale - to facilitate what? A bit like being cut adrift on a life raft and days later you spot a rescue ship. Hooray! But it's a pirate ship. Quantuma have been our pirate ship. Edited June 11, 2022 by Dave Mackay Ate My Hamster Link to comment Share on other sites More sharing options...
I know nuffin Posted June 11, 2022 Share Posted June 11, 2022 Remember Nixon claimed we got quantuma because nobody else would do it. Pity we can never find out if that is was true or not. Feel we would not be where we are if someone else took the gig and of Morris had not made it all so difficult to wade through jimtastic56 1 Link to comment Share on other sites More sharing options...
G STAR RAM Posted June 11, 2022 Share Posted June 11, 2022 I'd be astounded if a good lawyer was unable to get the 9 point deduction overturned. The IDC pretty much ripped the EFLs case apart and I imagine a lawyer would do the same. The case would be even easier now given that the EFL have had to put the rule on amortisation in place, clearly demonstrating that there was no rule there to be broken. I'd go even further and suggest a decent lawyer would perhaps also get our 12 point deduction overturned or, at the very least, reduced. Mckram and Carl Sagan 1 1 Link to comment Share on other sites More sharing options...
RoyMac5 Posted June 11, 2022 Share Posted June 11, 2022 8 hours ago, Boycie said: Well, I think Q will be a bit on edge at the moment. I’d love them to put a statement out to explain away all the accusations and put the record straight. But alas, communication isn’t their greatest asset unless they can charge for it. That's not going to happen. They'll just say they were doing their job - getting the best deal for the creditors. The slight matter of whether the buyer can pay is what is causing the problem. But they were happy he could pay, so they'll wait. Link to comment Share on other sites More sharing options...
I know nuffin Posted June 11, 2022 Share Posted June 11, 2022 23 minutes ago, I know nuffin said: Remember Nixon claimed we got quantuma because nobody else would do it. Pity we can never find out if that is was true or not. Feel we would not be where we are if someone else took the gig and of Morris had not made it all so difficult to wade through With the amortization I was surprised that they did not apparently go to the auditors ruling body, show them the way we had done it, and get something off them saying our was was with FS102? rules and base our defense of that. If I had been in that position that's what I would have done Link to comment Share on other sites More sharing options...
ariotofmyown Posted June 11, 2022 Share Posted June 11, 2022 1 hour ago, G STAR RAM said: I'd be astounded if a good lawyer was unable to get the 9 point deduction overturned. The IDC pretty much ripped the EFLs case apart and I imagine a lawyer would do the same. The case would be even easier now given that the EFL have had to put the rule on amortisation in place, clearly demonstrating that there was no rule there to be broken. I'd go even further and suggest a decent lawyer would perhaps also get our 12 point deduction overturned or, at the very least, reduced. You never know, some new competent owners might be able to sue the EFL for all this still? jimtastic56 1 Link to comment Share on other sites More sharing options...
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