Good.
I keep thinking if Andrea had done the same thing,
we would've already lost our golden share, been fined, vilified, crucified.
And the brass balls to act like selling the ground for
80 mill after an earlier 41 mill evaluation, is just fine
is fooking mental.
Maybe the EFL will grow a pair and half a brain soon.
Which will lead to all of these dodgy fookers getting
the book thrown at them. Really hoping the Prem do
a number on those tw 4 ts Villa for doing the same.
Batty makes some good points. Leeds certainly would have been vilified if we'd have done it. I say fine them 200k like we got for watching training from a public footpath, or dock them 10 points like Birmingham got for breach of FFP
I'd think that if they were found to be guilty that 200k would be a kick in the face for us, surely what has happened here is far worst than having someone standing on a curb next to a training ground doing a gardening job on their bushes!..
-15 to -25 point deduction
The EFL rules are to blame.
An owner can spend money on the club's infrastructure without counting towards FFP balances.
It makes logical sense that sales of club infrastructure ought not to be able to be used towards balancing FFP figures either.
You need to understand the difference between market value and book value.
Just because the book value was £41mill doesn't mean that the market valuation is incorrect.
I think it has been over valued for the purpose of avoiding PnS sanctions, but the EFL/Middlesborough will likely have to prove that the market value of the stadium couldn't possibly have been £80mill. Derby will have their surveyor arguing it is worth that, and the other side will have a surveyor arguing it couldn't be.
Was the book value at historical cost or fair market value?
Gibson is jealous because although his stadium is almost identical in design & size to ours, he chose to build it in a 5hit-hole called Middlesborough.
comment by Scouse (U9675)
posted 1 hour, 31 minutes ago
Gibson is jealous because although his stadium is almost identical in design & size to ours, he chose to build it in a 5hit-hole called Middlesborough.
----------------------------------------------------------------------
Or he doesn't believe in using financial shenanigans.
In terms of 5hit-holes, I'd say Derby and 'Boro are pretty much on a par.
And these people at Derby had the nerve to throw the cheating accusations out just for watching them train. And whilst they will say they didn't break any rules or law, neither did Leeds, but the EFL found a way around that one. Makes you wonder how they will deal with it, doesn't it ?.
A reason I wrote if they were found to be guilty that 200k would be a kick in the face for us!..
Meaning the 200k what Shaun says isn't enough!..
This must be more serious unless the authorities can make another new rule to safeguard their already flawed rules!..
Leeds should have challenged that 200k, time the people in charge did that fit and proper thing on themselves before bringing more shame on the game, they seem to breath and make a bigger mess than a curried toilet!..
Surely not treating the game with good faith, or whatever we were done for.
According to The Times, the English Football League has reportedly asked the Owls to explain why a £38 million profit for the sale of Hillsborough was detailed in their 2018 accounts when Land Registry documents date the purchase to almost 12 months later.
https://www.yorkshirepost.co.uk/sport/football/sheffield-wednesday/efl-ask-sheffield-wednesday-to-explain-hillsborough-sale-claim-reports-1-10014482
EFL Statement: Sheffield Wednesday charged with breach of financial rules
1 Hour ago
Following a formal investigation into financial information provided by Sheffield Wednesday in relation to the Club’s 2017/18 Profitability and Sustainability (P&S) submission, the EFL has today issued a number of charges relating to alleged breaches of EFL Rules.
Earlier this year the EFL launched an investigation into the Club’s financial submission for the period ending July 2018 under the relevant P&S Rules following the completion of the sale of Hillsborough Stadium.
The EFL has reviewed a large number of documents obtained from the Club as part of this process and concluded there is sufficient evidence to justify issuing charges of Misconduct. The charges are in respect of a number of allegations regarding the process of how and when the stadium was sold and the inclusion of the profits in the 2017/18 accounts.
All charges will be considered by an independent Disciplinary Commission and, if the charges are proven, the Commission can impose any of the sanctions set out in EFL Regulation 92.2.
The EFL Board has previously agreed and communicated with all Championship Clubs a set of sanctioning guidelines, but the Commission, under EFL Regulations, has the ability to invoke a full range of sanctions should the breach be confirmed.
The EFL continues to review the Club’s 2018/19 P&S submissions.
As these matters are now subject to proceedings, the EFL will be making no further comment at this time.
https://www.efl.com/news/2019/november/efl-statement-sheffield-wednesday-charged/?utm_source=t.co&utm_medium=referral
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Middlesbrough sue the EFL
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posted on 13/9/19
Good.
I keep thinking if Andrea had done the same thing,
we would've already lost our golden share, been fined, vilified, crucified.
And the brass balls to act like selling the ground for
80 mill after an earlier 41 mill evaluation, is just fine
is fooking mental.
Maybe the EFL will grow a pair and half a brain soon.
Which will lead to all of these dodgy fookers getting
the book thrown at them. Really hoping the Prem do
a number on those tw 4 ts Villa for doing the same.
posted on 13/9/19
Batty makes some good points. Leeds certainly would have been vilified if we'd have done it. I say fine them 200k like we got for watching training from a public footpath, or dock them 10 points like Birmingham got for breach of FFP
posted on 13/9/19
I'd think that if they were found to be guilty that 200k would be a kick in the face for us, surely what has happened here is far worst than having someone standing on a curb next to a training ground doing a gardening job on their bushes!..
posted on 13/9/19
-15 to -25 point deduction
posted on 13/9/19
The EFL rules are to blame.
An owner can spend money on the club's infrastructure without counting towards FFP balances.
It makes logical sense that sales of club infrastructure ought not to be able to be used towards balancing FFP figures either.
posted on 14/9/19
You need to understand the difference between market value and book value.
Just because the book value was £41mill doesn't mean that the market valuation is incorrect.
I think it has been over valued for the purpose of avoiding PnS sanctions, but the EFL/Middlesborough will likely have to prove that the market value of the stadium couldn't possibly have been £80mill. Derby will have their surveyor arguing it is worth that, and the other side will have a surveyor arguing it couldn't be.
posted on 14/9/19
Was the book value at historical cost or fair market value?
posted on 14/9/19
Gibson is jealous because although his stadium is almost identical in design & size to ours, he chose to build it in a 5hit-hole called Middlesborough.
posted on 14/9/19
comment by Scouse (U9675)
posted 1 hour, 31 minutes ago
Gibson is jealous because although his stadium is almost identical in design & size to ours, he chose to build it in a 5hit-hole called Middlesborough.
----------------------------------------------------------------------
Or he doesn't believe in using financial shenanigans.
In terms of 5hit-holes, I'd say Derby and 'Boro are pretty much on a par.
posted on 14/9/19
And these people at Derby had the nerve to throw the cheating accusations out just for watching them train. And whilst they will say they didn't break any rules or law, neither did Leeds, but the EFL found a way around that one. Makes you wonder how they will deal with it, doesn't it ?.
posted on 14/9/19
A reason I wrote if they were found to be guilty that 200k would be a kick in the face for us!..
Meaning the 200k what Shaun says isn't enough!..
This must be more serious unless the authorities can make another new rule to safeguard their already flawed rules!..
Leeds should have challenged that 200k, time the people in charge did that fit and proper thing on themselves before bringing more shame on the game, they seem to breath and make a bigger mess than a curried toilet!..
posted on 15/9/19
Surely not treating the game with good faith, or whatever we were done for.
posted on 24/9/19
According to The Times, the English Football League has reportedly asked the Owls to explain why a £38 million profit for the sale of Hillsborough was detailed in their 2018 accounts when Land Registry documents date the purchase to almost 12 months later.
https://www.yorkshirepost.co.uk/sport/football/sheffield-wednesday/efl-ask-sheffield-wednesday-to-explain-hillsborough-sale-claim-reports-1-10014482
posted on 14/11/19
EFL Statement: Sheffield Wednesday charged with breach of financial rules
1 Hour ago
Following a formal investigation into financial information provided by Sheffield Wednesday in relation to the Club’s 2017/18 Profitability and Sustainability (P&S) submission, the EFL has today issued a number of charges relating to alleged breaches of EFL Rules.
Earlier this year the EFL launched an investigation into the Club’s financial submission for the period ending July 2018 under the relevant P&S Rules following the completion of the sale of Hillsborough Stadium.
The EFL has reviewed a large number of documents obtained from the Club as part of this process and concluded there is sufficient evidence to justify issuing charges of Misconduct. The charges are in respect of a number of allegations regarding the process of how and when the stadium was sold and the inclusion of the profits in the 2017/18 accounts.
All charges will be considered by an independent Disciplinary Commission and, if the charges are proven, the Commission can impose any of the sanctions set out in EFL Regulation 92.2.
The EFL Board has previously agreed and communicated with all Championship Clubs a set of sanctioning guidelines, but the Commission, under EFL Regulations, has the ability to invoke a full range of sanctions should the breach be confirmed.
The EFL continues to review the Club’s 2018/19 P&S submissions.
As these matters are now subject to proceedings, the EFL will be making no further comment at this time.
https://www.efl.com/news/2019/november/efl-statement-sheffield-wednesday-charged/?utm_source=t.co&utm_medium=referral
posted on 14/11/19
It very timely is it?
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