Discussion in 'Bulletin Board' started by exiled, Jul 31, 2020.
Website domain been bought up and someone's had a laugh
A laugh. It’s their genuine mission statement isn’t it
I dont know who's behind it, but I can't disagree.
I dont think its for a laugh, looks more like a genuine protest at how the efl conduct themselves
It's missing the point though surely?
The financial mess all these clubs are in isn't because the EFL messed up the dubious 'fit and proper person test'. It's because that test is a genuine catch 22 due to the state of football finances.
Most football clubs are losing money and are in business only because their owners put money in to keep them afloat. Somehow the EFL have to be convinced that a person smart enough to own a football club is happy to flush away millions of £££s.
The problem is surely that we allow too many clubs to lose money; and there should be a tighter control on that. But this would have to be international and FIFA are easily the most corrupt organisation you could imagine.
The list of clubs will get longer on their
They should’ve gone further and included the clubs ( victims) who haven’t done anything wrong and have suffered and continue to suffer more as a consequence of this for example Barnsley FC
Exactly. The clubs listed are culprits, not victims......
It’s frustrating for them, but no Wigan fans questioned how they could afford all these players when they have no crowds and a small fan base.
York City are probably a bigger club in terms of catchment area.
If Wigan get it deferred or reduced , then they’ve had the money they couldn’t generate , get away with not paying creditors , escape relegation . What a joke that would be
Why is the Wigan section stating fake news? The rumour of a betting syndicate is just that, a rumour. There has been no evidence to prove it to be true and it's worrying how often it's being branded about because it will make people believe something without foundation.
watched the wigan video. does look ever so dodgy thr stuff that has gone on.
The Wigan poster who claims to be in the know, says 24 clubs have entered administration in last 10 years.
If true you would think that tells it’s own story over how flawed the system is.
The EFL are a slow reactive organisation as opposed to being proactive. Their procedures do not reflect the way the modern international business world is in 2020. They work as though football clubs are run like a working mans clubs, like they were in the 1980s.
The FFP rules are nonsense and aren’t enforceable, as they cannot be policed in real-time. 3 years to be able to lose £39m, based on company accounts that are published between 12 to 18 months after the event. There is no clear penalty for breech of FFP hence, independent panels and no consistency to punishment.
Thinking about this, the only way to sort it out is for the EFL to implement its own accounting procedure that is independent to “company accounts” and effects their league membership of clubs should not fully comply.
This could only be relative to football related matters, ie players contracts and transfer fees, running of academies etc but this is where the bulk of the problem is. With that accounting practice to be adhered to, failure to comply would mean immediate points deductions.
Confidential between the EFL and each club, clubs should agree their budget for the start of each season. They already know their general turnover, liability to player contracts, budget required to add to their squad etc, if there’s a shortfall, ie take Wigan, turnover of £12m wage bill of £19m, they owe £6m in transfer fee instalments, the EFL know there’s a shortfall of £13m plus the running costs of the club, say another £2m. Wigan need additional income of £15m cash flow to keep alive.
The EFL should be looking through the accounts, of each club on a monthly or quarterly basis to ensure they keeping within their agreed limits. In this instance Wigan are inline with FFP, as current rules stand but it doesn’t take a genius to workout the debts are out of control should their owners not fund the deficit of £15m.
What the EFL should do is take an “irrevocable international guarantee” or “personal guarantee” or possibly a bond from the owners / directors of the club to cover their agreed deficit to their budget. This way, the owners become personally liable for the debt their club is creating. It would also stop sham transfers/sales of ownership, ie Wigan, bury, Charlton, as the debt liability guarantee would stand with the previous owner and would need to be satisfied before the EFL membership of the club could be transferred to the new ownership, or the new owner confirms a new guarantee or bond. This way owners are fully accountable for losses incurred and cannot just apply for administration when they run out of money or get bored.
Also with the eye of the Accounting procedure it wouldn’t allow clubs like Wednesday, Derby, Birmingham etc to over spend for years and get away with it, as the issues would be nipped in the bud before they are allowed to manifest.
Why any business thinks it's acceptable to lose 39 million in three years is beyond crazy, and that's why my love for football is gone.
Nothing to do with the overspending over the last 20 years when Dave Whelan was bankrolling them
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