Throw the book at em

Big teams, theres about 10 in front of them in the Championship, its changed a bit since the 90s.

 

The punishments for breaking the FFP rules will be laid down in the rule book. I thought it was 9 points, but I do not think that the actual punishment for exceeding losses of £39m in 3 years has been made public knowledge, nor has the sliding scale of punishments for losses higher than £39m over 3 years. Nevertheless, the rest of the league will be aware of the punishments that the league can enforce, and if the EFL does not enforce the punishment laid down, then legal action could ensue. The option of legal recourse would also be open to Sheffield Wednesday if the EFL make a mistake in their interpretation or enforcement of the rules. That is why the whole process takes time. The EFL must be sure about their case. There must also be EFL rules and a list of punishments for covering up a breach. It is usually a doubling of the original penalty, but once again, the public has not been told, but the clubs will have been.

There seems to be a built in belief on here that Barnsley FC is always the victim. That is much more likely to be as a result of bias on our part, than it is fact.

 

Going off at a tangent... Just out of interest, are you getting to see the games through iFollow, and if so, will Minority Report be resurfacing?

 

12 points for failing FFP and upto a further 9 depending on how the well the club have cooperated with the investigation

Kieran Maguire football finance expert went into yesterday.

Article in the link

https://www.examinerlive.co.uk/spor...charge-18473099.amp?__twitter_impression=true

 

Yes, I did watch the game using iFollow, but I found it a very frustrating experience. If you are a regular reader, you will know that a big part of Minority Report is my analysis of formations and tactics. I was debating in the build up to the game whether this would still be possible, when I can only look where the camera is pointing, and when the angle of view is focused very much on the small area around the ball. Like everyone else, I was forced to rely upon the commentary for all of that information, and that did not go down well at all. I did write a commentary, just to keep the set up, but it is not something of which I am particularly proud.

 

Not to worry. I thought it might be tricky under the circumstances. It'll be something else to look forward to when normality is restored.

 

But what if you knew that you were about to break the rules, so you extended your year-end by 2 months to give you chance to cover it up. What if you then sell your ground to another of the owner's companies for far more than it is worth, but then you just leave the price agreed for the ground as an outstanding debtor because the sale was an afterthought because you did not expect to break the regulations, or get found out. There is more to this than meets the eye. Sheffield Wednesday are late filing their accounts at Companies House for the following year. This could be totally innocent, after all, another two clubs out of the 24 are in that same boat, but you do become suspicious after a while.

 

It all comes down to the independent jury and their interpretation of the evidence presented.

Which going off past proceedings the so called bigger clubs get a slap on the wrist and the smaller ones thrown to the wolves

 

Will be a slap on the wrist and the minimum points they are allowed if found guilty.

Having said that I suspect them to get away with a ruling in their favour.

 

I hear what Red Rain is saying, and it’s all correct, but I just can’t see the EFL handing out a punishment that would have a direct influence on them getting relegated. They’ll be terrified of getting into a bigger legal argument with them in my opinion, they’ll punish them harshly but with fines/transfer embargo, maybe even suspended points deduction.

I think as high on their agenda of punishing them will be avoiding any more legal arguments with them.

 

They are in a funny situation. If they don’t come down on Wendy hard. they just become more of a laughing stock, than they already are. The rules can be altered at any time. As shown in the leagues vote that brought in promotion and relegation. Time for those same clubs to get rid of the incompetence that resides at the EFL Headquarters.
Ps
Diaby’s case has been put back to the end of next season. Because the drug testers evidence. Will not be heard until then, cos they’ll be unavailable due to carrying out more tests. During the end of this and next season.

 

Good read that.

don’t expect a decision any time soon. Also question is really how much it was overvalued not the mechanism that they used per se. I hadn’t appreciated that. That’s a loads easier argument to succeed on. I reckon they’ll get away with 6 PT deduction

 

Wipe the smug gin of the MASSIVES, that will do me.

 

I'm a big fan of conspiracy theories - Wednesday's will never get punished this season enough to get them relegated.

 

There's a huge reckoning coming for the EFL kicking the can down the road, Covid-19 has shown all these cheating clubs, willing to pay money they can't afford for players on long contracts, for what they are - as Warren Buffet said, you only know who has trunks on when the sea goes out. I'd rather have a solvent club in League one, because some more of these Championship clubs are going the way of Bolton and worse, good. Good bye.

 

We had barry taylor on the fa council for years didnt do us much good

 

This thread has made me look once again at the Sheffield Wednesday financial statements. I came to the conclusions that I have outlined above more than 12 months ago, and I was appalled at the time, as I am again now. There are a couple of things that I forgot in my rant above. Wednesday could not sort out the mess they were in within the 12 month accounting period, so they extended the financial year to 14 months by moving their year end from the end of May to the end of July. One of the owners other companies acquired the ground in order to create a profit and wipe out the loss for their financial year. That company paid £52.5m for the ground to generate a profit of £38m on sale of the stadium. This windfall produced a net profit for the 14 months of £2.5m. Clearly, without the windfall Wednesday lost £35.5m. The full amount (£52.5m) was still a debtor at the year end. In other words, they had received not a penny of the agreed selling price by the year end. The year before, (to 31/5/17) Wednesday lost £20.7m and the year before (to 31/5/16) they lost £9,8m. Now the FFP calculation is not based exactly upon the Annual Financial Statements, but the combined loss for the 3 years to 31/5/2018 were about £27.5m, well within the £39m allowed. However, if the false profit of £38m is added back, they lost £65m in the 3 years.

It may well be that they have seen the light and that the accounts to 2019 will show that they have turned a corner and are trying to prove that they have changed. Unfortunately, we will not find out until after the EFL have made their judgement because they are one of just 3 clubs that has not yet submitted their Annual Financial Statements to Companies House. Now it is entirely your choice how you judge this evidence when we have not heard Sheffield Wednesday's defense, but personally, I can see no excuse.

 

Hearings now over.

Awaiting a decision over the next few days.

 

It takes that long to check Zoopla?

My prediction is that they get some form of suspended punishment and get battered next year (when their accounts finally come to light) on the rolling FFP basis.