Tamworthram Posted September 7, 2023 Share Posted September 7, 2023 (edited) 5 hours ago, RAM1966 said: The reason Mel didn't apply we would of had to of had the accounts filed our 'up-to-date' accounts at companies house as a condition. The EFL were only going to loan clubs the money if they were seen to be on a sound enough financial footing to repay the loan, clearly we wouldn't have been, due to reckless spending. Mel knew there was no chance of the loan.... One of the conditions of the loan scheme was that clubs must not be in breach, or suspected of being in breach, of any EFL regulations. Isn’t that the reason we were not able to apply? If we were under investigation at that time, which I believe we were, then it wouldn’t matter what Mel thought or knew. We simply didn’t meet the criteria or couldn’t prove we met the criteria (I guess that means by having the investigation/case against us disproved and therefore dropped) before the extended deadline. Edited September 7, 2023 by Tamworthram Ram-Alf and GB SPORTS 2 Link to comment Share on other sites More sharing options...
Curtains Posted September 7, 2023 Share Posted September 7, 2023 6 minutes ago, Tamworthram said: One of the conditions of the loan scheme was that clubs must not be in breach, or suspected of being in breach, of any EFL regulations. Isn’t that the reason we were not able to apply? If we were under investigation at that time, which I believe we were, then it wouldn’t matter what Mel thought or knew. We simply didn’t meet the criteria or couldn’t prove we met the criteria (I guess that means by having the investigation/case against us disproved and therefore dropped) before the extended deadline. But Covid didn’t distinguish between Clubs right. It should have been a grant not a loan for all Clubs GB SPORTS 1 Link to comment Share on other sites More sharing options...
Tamworthram Posted September 7, 2023 Share Posted September 7, 2023 3 minutes ago, Curtains said: But Covid didn’t distinguish between Clubs right. It should have been a grant not a loan for all Clubs It doesn’t matter whether Covid distinguished between clubs. The EFL did. Whether that was fair or not is a whole new debate. Equally, whether it “should” have been a grant rather than a loan is an interesting debate but irrelevant. They WERE loans with repayment by June 2024 I think. Link to comment Share on other sites More sharing options...
Curtains Posted September 7, 2023 Share Posted September 7, 2023 2 minutes ago, Tamworthram said: It doesn’t matter whether Covid distinguished between clubs. The EFL did. Whether that was fair or not is a whole new debate. Equally, whether it “should” have been a grant rather than a loan is an interesting debate but irrelevant. They WERE loans with repayment by June 2024 I think. Yes you are right but they were wrong IMO to stipulate it had to be paid back . Arsholes Tamworthram 1 Link to comment Share on other sites More sharing options...
rynny Posted September 7, 2023 Share Posted September 7, 2023 5 hours ago, RAM1966 said: The reason Mel didn't apply we would of had to of had the accounts filed our 'up-to-date' accounts at companies house as a condition. The EFL were only going to loan clubs the money if they were seen to be on a sound enough financial footing to repay the loan, clearly we wouldn't have been, due to reckless spending. Mel knew there was no chance of the loan.... We were under an investigation for ffp breaches for our amortisation policy, had we filed more accounts using the same method we would have been under further investigation, more charges brought against us, more sanctions and more points deductions sought after. If we had changed our policy the EFL would have been saying that we are admitting our guilt and used it in their attack on the club, and pushed for more sanctions. I really don't see which way the club could have gone with this. For me without hindsight, it was impossible to make the right call. Foreveram, Curtains, Walkley Ram and 3 others 6 Link to comment Share on other sites More sharing options...
i-Ram Posted September 7, 2023 Share Posted September 7, 2023 3 hours ago, Curtains said: Wasn’t the loan to help clubs through COVID ! Should have been an irrelevance as to whether it could be paid back or not Eh? Come on Curtains you know the difference between a loan and a gift. If you don't any chance you can loan me a couple of grand? Walkley Ram, Curtains, RAM1966 and 1 other 4 Link to comment Share on other sites More sharing options...
Curtains Posted September 7, 2023 Share Posted September 7, 2023 14 minutes ago, i-Ram said: Eh? Come on Curtains you know the difference between a loan and a gift. If you don't any chance you can loan me a couple of grand? i-Ram 1 Link to comment Share on other sites More sharing options...
GB SPORTS Posted September 7, 2023 Share Posted September 7, 2023 Info here https://www.efl.com/news/2020/december/efl-and-premier-league-statement-rescue-package-agreed/ Link to comment Share on other sites More sharing options...
Ram-Alf Posted September 7, 2023 Share Posted September 7, 2023 1 hour ago, I DONT MIND said: Info here https://www.efl.com/news/2020/december/efl-and-premier-league-statement-rescue-package-agreed/ The important bit. "This fund is not available to any Club in breach or suspected breach of EFL Regulations and Clubs will again need to submit evidence in their applications to Club eligibility" rynny 1 Link to comment Share on other sites More sharing options...
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