25-08-2020, 22:14
(25-08-2020, 19:23)Maddix Wrote:(25-08-2020, 18:59)St Charles Owl Wrote:(25-08-2020, 18:36)Imre varadi Wrote: Derby found not guilty ...make of that what you will ?
No surprise, their case was about the valuation of the ground, our was about how we accounted for that sale, different cases with different outcomes.
They still cheated FFP though Chaz. Maybe in a different way but it was still cheating
You and I may or may not believe that but they have been found not guilty by the independent tribunal. Their case was about the valuation of the stadium, how do you value a football stadium? I am sure if you got 10 totally independent valuers they would come up with a wide range of values. Prosecuting them in a case where you have to show they have significantly over valued something is very difficult to do. As we have shown, there was no cheating involved in selling it to themselves in the first instance, although that loophole has now been closed.
What we did was a calculated gamble, if we didn't put the revenue from the stadium against the previous years accounts then we would have easily broken FFP limits and would have been put into a transfer embargo and deducted probably 9 points, we took a gamble that we could get away with it based on emails we got from the EFL that weren't specific and they didn't agree, so we got a 12 point deduction but no transfer embargo. We were already driving over the cliff!!