Ron Springett In The Net - Sheffield Wednesday

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Reesh1867

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First used 05/08/09

Sheffield Wednesday
#16 14/11/2019 at 18:13

Restraint of Trade.

Fuck the EFL
Andyben, 14/11/2019 at 18:04


That's the line I'd go for.  

Consilio et Animis 

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DPCSF

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First used 31/05/11
12594 posts

Sheffield Wednesday
#17 14/11/2019 at 18:19

Should’ve accepted it last season same as Brum, deduction of points then made fuck all difference.

There has to be some legal challenge in the way clubs aren’t allowed to spend their own money whilst clubs in the same division relegated down from the Prem can splurge 3yrs cash in one transfers window.

We also need to get a bunch of monks in to piss in corners/ goalposts, sacrifice cats or whatever it takes as the club is taking kickings from all areas, the hex is never ending, 

Be water, my friend 

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Hirsty's 12th Pint

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3107 posts

Sheffield Wednesday
#18 14/11/2019 at 18:19

Derby will not be charged. We will be docked 12 points and ultimately relegated and then next season FFP will be abolished.

It's the Wednesday way.

Just looked and Sky Bet have us 100-1 to be relegated. May utilise my £10 free bet I have.  

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Epworthowl

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Sheffield Wednesday
#19 14/11/2019 at 18:20

Lets hope we do.

The EFL think they are above the law and someone has to stand up to them...Looks like it's going to be us. 

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NorthShieldsOwl

First used 13/11/09
1103 posts

#20 14/11/2019 at 18:50

Knowing our luck, EFL may introduce a new rule sanctioning the club to a limit in how much can can spend on lawyers questioning their decision 🙄. Cocks.  

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tylluan

First used 09/08/09
3426 posts

Sheffield Wednesday
#21 14/11/2019 at 18:53



However the club will have sought both legal and professional accounting advice to submit the accounts including this transaction so the EFL are now accusing people who adhere to professional standards of dishonesty which is a hell of a statement. Could get bloody this.
Reesh1867, 14/11/2019 at 17:00


The way I've read the EFL statement is they're saying there's a discrepancy on the ground sale date and should it have been included in the 17/18 accounts.

Is this the EFL accounting team accusing our accounting team of deliberately falsifying the books?

Reesh, MK, and any other accountant on here...
How would you be professionally reacting to this if you were the one who'd done the books or advised the club?

Would you be waiting to see what develops or straight in with a counter statement declaring an integrity slight against your company? 

Post edited on 14/11/2019 at 19:01 by tylluan

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Reesh1867

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First used 05/08/09

Sheffield Wednesday
#22 14/11/2019 at 19:02



Reesh, MK, and any other accountant on here...
How would you be professionally reacting to this if you were the one who'd done the books or advised the club?

Would you be waiting to see what develops or straight in with a counter statement declaring an integrity slight against your company?
tylluan, 14/11/2019 at 18:53


The fact the EFL signed them off to allow us to sign players suggest their trying to cover their own failings now.

I'd be livid if my professional integrity was questioned, I suspect the Auditors, who signed off the accounts, the tax professionals who advised on the sale of the stadium, the valuers and the legal counsel of the club will all be now establishing their counter arguments and picking at the EFL. 

Consilio et Animis 

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Chelters

First used 16/05/19
79 posts

#23 14/11/2019 at 19:15



The way I've read the EFL statement is they're saying there's a discrepancy on the ground sale date and should it have been included in the 17/18 accounts.

Is this the EFL accounting team accusing our accounting team of deliberately falsifying the books?

Reesh, MK, and any other accountant on here...
How would you be professionally reacting to this if you were the one who'd done the books or advised the club?

Would you be waiting to see what develops or straight in with a counter statement declaring an integrity slight against your company?
tylluan, 14/11/2019 at 18:53


Well as an auditor I would be checking my PI policy to be honest.

Much as it pains me to say it, based on the information publicly available in the accounts, the inclusion of it in 2017/18 looks odd. But the auditors signed off on it so the EFL must have some info they don’t, or have the same info and interpreted it differently.

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pollhammer3

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1785 posts

Sheffield Wednesday
#24 14/11/2019 at 19:16

Any ideas on timescale as to how this will play out?  

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Greno

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First used 29/04/10
13185 posts

Sheffield Wednesday
#25 14/11/2019 at 19:22



The way I've read the EFL statement is they're saying there's a discrepancy on the ground sale date and should it have been included in the 17/18 accounts.

Is this the EFL accounting team accusing our accounting team of deliberately falsifying the books?

Reesh, MK, and any other accountant on here...
How would you be professionally reacting to this if you were the one who'd done the books or advised the club?

Would you be waiting to see what develops or straight in with a counter statement declaring an integrity slight against your company?
tylluan, 14/11/2019 at 18:53


The date of the contact is the date of the sale.

People are jumping on the fact that the DC company that ultimately completed the sale was formed after the end of that particular accounting period. If DC personally agreed the purchase before the accounting year end it doesn't matter which entity he's created completed it. It's called novation. 

This is the last time I'm painting on a grin. 

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Reesh1867

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First used 05/08/09

Sheffield Wednesday
#26 14/11/2019 at 19:28

Aye it isn't as though accounting rules and regulations have scope for deferred income, accrued income, contingent liabilities etc is it.

Consilio et Animis 

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Greno

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Sheffield Wednesday
#27 14/11/2019 at 19:35

Aye it isn't as though accounting rules and regulations have scope for deferred income, accrued income, contingent liabilities etc is it.

Reesh1867, 14/11/2019 at 19:28


Do accounting rules apply to the EFL in the same way that criminal law applies to the FA? Shock

This is the last time I'm painting on a grin. 

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mkowl

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First used 10/08/09
21973 posts

Sheffield Wednesday
#28 14/11/2019 at 19:42

We can only speculate on this and as a now ex auditor wouldn't want my audit files being poured over seeing the evidence I obtained. Hard enough justifying your opinions half the time to a friendly reviewer without a third party like the FA throwing shit around

Can only hope all said boxes are ticked

Maguire saying it's strange that the money wasn't paid straightaway, I showed him that for Derby it just went round in a circke 

Happy clapping for 4 years more than Emre 

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mkowl

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First used 10/08/09
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Sheffield Wednesday
#29 14/11/2019 at 19:44



Do accounting rules apply to the EFL in the same way that criminal law applies to the FA? Shock
Greno, 14/11/2019 at 19:35


I think the Wednesday rule works

If in doubt fuck em over 

Happy clapping for 4 years more than Emre 

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Reesh1867

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First used 05/08/09

Sheffield Wednesday
#30 14/11/2019 at 19:46

We can only speculate on this and as a now ex auditor wouldn't want my audit files being poured over seeing the evidence I obtained. Hard enough justifying your opinions half the time to a friendly reviewer without a third party like the FA throwing shit around

Can only hope all said boxes are ticked

Maguire saying it's strange that the money wasn't paid straightaway, I showed him that for Derby it just went round in a circke
mkowl, 14/11/2019 at 19:42


I assume when Maguire bought his house he paid for it on the spot.....?  

Consilio et Animis 

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