Derby and Sheff Wed sanctions (7 Viewers)

[SkyBlueGuy]

Haven't seen this mentioned anywhere so thought I'd post this. Alan Nixon has been tweeting details of the sanctions both will face next season. Looks pretty tame, but apparently they only made a couple of late payments.

Derby County, Sheffield Wednesday dealt suspended points penalties – Alan Nixon

 

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[Grendel]

Haven't seen this mentioned anywhere so thought I'd post this. Alan Nixon has been tweeting details of the sanctions both will face next season. Looks pretty tame, but apparently they only made a couple of late payments.

Derby County, Sheffield Wednesday dealt suspended points penalties – Alan Nixon

This is nothing ti do with the issue of Derby and their accounts

 

[SkyBlueGuy]

Not really been following it, do you mean there might be more to come? I know the EFL had fined Derby £100k

 

[robbiethemole]

EFL bottling it again, should have been points deductions straight away as per their own guidelines, and Direby should be starting on points deduction after their financial indiscretions

 

[Grendel]

Not really been following it, do you mean there might be more to come? I know the EFL had fined Derby £100k

This is when they were late paying players and refers purely to that offence

They are ridiculously late with their accounts and the last 3 years need to be submitted with revised amortisation calculations

 

[Terry_dactyl]

This is when they were late paying players and refers purely to that offence

They are ridiculously late with their accounts and the last 3 years need to be submitted with revised amortisation calculations

So points deduction awaits them?

 

[Grendel]

So points deduction awaits them?

they have to re submit 3 years accounts by mid August as it’s likely they will have exceeded maximum losses so that’s the expectation

They still haven’t submitted 2019 yet

 

[SkyBlueGuy]

they have to re submit 3 years accounts by mid August as it’s likely they will have exceeded maximum losses so that’s the expectation

They still haven’t submitted 2019 yet

So potentially they could be hit with the 3 point deduction, £100k fine AND a further sanction in mid August?

 

[Grendel]

So potentially they could be hit with the 3 point deduction, £100k fine AND a further sanction in mid August?

Yes

 

[fatso]

So potentially they could be hit with the 3 point deduction, £100k fine AND a further sanction in mid August?

 

[Colin Steins Smile]

they have to re submit 3 years accounts by mid August as it’s likely they will have exceeded maximum losses so that’s the expectation

They still haven’t submitted 2019 yet

Unfortunately its being reported by Kieran McGuire on the price of football podcast that a recent set of Derby’s accounts shows additional revenue from the sale of pride park of £30M . This is down to a revaluation of the ground in comparison to earlier years. It is an accountancy valuation which is apparently allowable…..so i suspect they are in the clear.

 

[mark82]

Unfortunately its being reported by Kieran McGuire on the price of football podcast that a recent set of Derby’s accounts shows additional revenue from the sale of pride park of £30M . This is down to a revaluation of the ground in comparison to earlier years. It is an accountancy valuation which is apparently allowable…..so i suspect they are in the clear.

Bending the rules again.

 

[Colin Steins Smile]

I agree it’s clever accounting, but apparently not illegal

 

[Grendel]

I agree it’s clever accounting, but apparently not illegal

Still does not explain the accounts being now delayed for 18 months

 

[Frostie]

I agree it’s clever accounting, but apparently not illegal

Is due to now be illegal to sell stadium to yourself at a profit (from July 1st.)
Closing stable door after horse has bolted in many cases (such as Derby's) though.

 

[mark82]

Still does not explain the accounts being now delayed for 18 months

Was that due to the case the EFL brought last year?

 

[mark82]

I agree it’s clever accounting, but apparently not illegal

It's having one loophole for cheating closed off and finding another.

 

[robbiethemole]

Is due to now be illegal to sell stadium to yourself at a profit (from July 1st.)
Closing stable door after horse has bolted in many cases (such as Derby's) though.

A bit like Lesta and their admin, after them it was punished by -12 points, so many feckers still getting away with cheating other teams

 

[Colin Steins Smile]

Still does not explain the accounts being now delayed for 18 months

True, but when the governance of football is so weak. Then unethical practices thrive