Interesting news article coming out of Yorkshire....

11 posts   •   Page 1 of 1
Mid Sussex Royal
Hob Nob Regular
Posts: 1414
Joined: 02 Nov 2008 17:56

Interesting news article coming out of Yorkshire....

by Mid Sussex Royal » 21 May 2020 18:31

I've got family in Barnsley and apparently they are considering legal action if Derby, Sheffield W and Birmingham are not docked points this season, which could potentially affect the relegation positions.

We are not specifically mentioned but this is still somewhat concerning considering our owner has done the same as Sheffield and Derby to raise funds....does anyone know what is happening, if anything, with regard to this?

https://www.yorkshirepost.co.uk/sport/f ... fp-2858749

User avatar
Zip
Hob Nob Addict
Posts: 8479
Joined: 30 Dec 2017 16:39

Re: Interesting news article coming out of Yorkshire....

by Zip » 21 May 2020 18:36

Still no news about any penalty against us. I can’t see teams docked points at this stage. The start of next season is another matter.

RichTea94
Member
Posts: 241
Joined: 31 Mar 2015 18:37

Re: Interesting news article coming out of Yorkshire....

by RichTea94 » 21 May 2020 19:09

We won't be punished because we sold the stadium to ourselves (allowed by the EFL) at a fair market value (~£20m).

User avatar
Ascotexgunner
Hob Nob Regular
Posts: 2755
Joined: 07 Jan 2012 16:23
Location: Ascot

Re: Interesting news article coming out of Yorkshire....

by Ascotexgunner » 21 May 2020 19:18

Mid Sussex Royal I've got family in Barnsley and apparently they are considering legal action if Derby, Sheffield W and Birmingham are not docked points this season, which could potentially affect the relegation positions.

We are not specifically mentioned but this is still somewhat concerning considering our owner has done the same as Sheffield and Derby to raise funds....does anyone know what is happening, if anything, with regard to this?

https://www.yorkshirepost.co.uk/sport/f ... fp-2858749


Was on the radio this evening. Derby will get done.
Birmingham is not so clear cut because they were actually cleared of wrong doing by the independent Disciplinary Commission. The FA however were not happy and are appealing against that decision.
As for us, we haven't broken any rules. FFP is over 3 seasons, we have just spent 3 seasons in one so are all clear......at the moment.

User avatar
One87One
Member
Posts: 373
Joined: 28 Nov 2016 12:04
Location: The Fields of Norfolk Road

Re: Interesting news article coming out of Yorkshire....

by One87One » 22 May 2020 11:20

Doesn't affect us. The EFL cleared us of any wrong doing when selling the Madstad to the owners. Derby however vastly vastly over-priced their pudding bowl and deserve everything coming to them.


User avatar
From Despair To Where?
Hob Nob Addict
Posts: 9864
Joined: 19 Apr 2004 08:37
Location: Goin' up around the bend.

Re: Interesting news article coming out of Yorkshire....

by From Despair To Where? » 22 May 2020 17:12

...and Sheffield Wed didn't transfer ownership of the stadium and declare the income in the same year so a blatant fiddle of FFP.

User avatar
Hendo
Hob Nob Addict
Posts: 7343
Joined: 25 Mar 2012 20:53
Location: Mornings are for coffee and contemplation

Re: Interesting news article coming out of Yorkshire....

by Hendo » 23 May 2020 11:29

From Despair To Where? ...and Sheffield Wed didn't transfer ownership of the stadium and declare the income in the same year so a blatant fiddle of FFP.


Agreed, if any team is going to have the book thrown at them, it will be Sheff Wed.

Nameless
Hob Nob Addict
Posts: 5782
Joined: 23 Aug 2013 12:25

Re: Interesting news article coming out of Yorkshire....

by Nameless » 23 May 2020 12:49

Hendo
From Despair To Where? ...and Sheffield Wed didn't transfer ownership of the stadium and declare the income in the same year so a blatant fiddle of FFP.


Agreed, if any team is going to have the book thrown at them, it will be Sheff Wed.


Derby look to be right in the mire too.
If you declare an asset at a value on your accounts and then buy it off yourself for double that amount something is clearly wrong ! As I understand it they also decided on the valuethemselves.
In our case I believe the stadium was independently valued and sold at that value.

User avatar
Franchise FC
Hob Nob Regular
Posts: 4806
Joined: 22 May 2007 16:24
Location: The Frozen North

Re: Interesting news article coming out of Yorkshire....

by Franchise FC » 23 May 2020 13:29

Nameless
Hendo
From Despair To Where? ...and Sheffield Wed didn't transfer ownership of the stadium and declare the income in the same year so a blatant fiddle of FFP.


Agreed, if any team is going to have the book thrown at them, it will be Sheff Wed.


Derby look to be right in the mire too.
If you declare an asset at a value on your accounts and then buy it off yourself for double that amount something is clearly wrong ! As I understand it they also decided on the valuethemselves.
In our case I believe the stadium was independently valued and sold at that value.


The value of an asset in a set of accounts doesn't have to bear any direct relationship to it's current value if sold. In the accounts it's more likely to show the original cost less an allowance for depreciation.

So that, of itself is not proof of anything.

Now if the asset had been recently revalued and the revaluation included in the accounts (it's not compulsory), then ...


Nameless
Hob Nob Addict
Posts: 5782
Joined: 23 Aug 2013 12:25

Re: Interesting news article coming out of Yorkshire....

by Nameless » 23 May 2020 13:37

Franchise FC
Nameless
Hendo
Agreed, if any team is going to have the book thrown at them, it will be Sheff Wed.


Derby look to be right in the mire too.
If you declare an asset at a value on your accounts and then buy it off yourself for double that amount something is clearly wrong ! As I understand it they also decided on the valuethemselves.
In our case I believe the stadium was independently valued and sold at that value.


The value of an asset in a set of accounts doesn't have to bear any direct relationship to it's current value if sold. In the accounts it's more likely to show the original cost less an allowance for depreciation.

So that, of itself is not proof of anything.

Now if the asset had been recently revalued and the revaluation included in the accounts (it's not compulsory), then ...


No, if you can get someone to pay way more for something than it is ‘worth’ then good luck to you ! That’s called making a profit.
But when you are selling the asset to yourself with the sole aim of avoiding breaching rules then to do so at a level way above what is in any way reasonable is daft.

User avatar
From Despair To Where?
Hob Nob Addict
Posts: 9864
Joined: 19 Apr 2004 08:37
Location: Goin' up around the bend.

Re: Interesting news article coming out of Yorkshire....

by From Despair To Where? » 23 May 2020 13:57

Derby's ground was "independently" valued by a company owned by the Morris family.

11 posts   •   Page 1 of 1

Who is online

Users browsing this forum: Google [Bot] and 54 guests

It is currently 26 May 2020 11:42