by Snowflake Royal » 21 Mar 2023 10:11
by 3points » 21 Mar 2023 18:09
Snowflake Royal3pointsStranded
I'd be amazed if it is total wages that have stuffed us if it is to do with the business plan and not some issue from 20/21 or earlier.
If it is the business plan then it will have to be some breach of either paying a player too much or we've broken the average of new salaries - i.e. we could pay Player A 8k pw per on average all new signings can only earn 6k pw.
Either that or the losses we can write off are tiny and we have breached as a result.
I'm sure it will be down to interpretation of the fine details. The club thinks one thing is fine, the EFL don't. Happens all the time in the finance world where management take a more optimistic view in an area that requires judgement than the stakeholders take. For example, the club might be saying someone like Carey's wages could be excluded from the £13m P&S loss calculation as it relates wholly to the academy (and therefore it could be deducted) whereas the EFL says his wages cannot be deducted.
The thing is the fans will never really know. IMO there won't be anything really "major" as the club has already agreed a budget with the EFL and the EFL has been sanctioning player transfers. If there was a fundamental issue then why would the EFL have approved the Casadei loan in January? As we saw with Sarr in the summer, approval wasn't given until the Puscas loan had been agreed, so doubt Casadei was dependent on us moving a player out that then didn't happen at the last minute.
The suggestion, speculation or truth, is that the issue is from last season, so any signings this season wouldn't come into this issue if this is accuate.
by Mid Sussex Royal » 21 Mar 2023 18:44
3pointsSnowflake Royal3points I'm sure it will be down to interpretation of the fine details. The club thinks one thing is fine, the EFL don't. Happens all the time in the finance world where management take a more optimistic view in an area that requires judgement than the stakeholders take. For example, the club might be saying someone like Carey's wages could be excluded from the £13m P&S loss calculation as it relates wholly to the academy (and therefore it could be deducted) whereas the EFL says his wages cannot be deducted.
The thing is the fans will never really know. IMO there won't be anything really "major" as the club has already agreed a budget with the EFL and the EFL has been sanctioning player transfers. If there was a fundamental issue then why would the EFL have approved the Casadei loan in January? As we saw with Sarr in the summer, approval wasn't given until the Puscas loan had been agreed, so doubt Casadei was dependent on us moving a player out that then didn't happen at the last minute.
The suggestion, speculation or truth, is that the issue is from last season, so any signings this season wouldn't come into this issue if this is accuate.
It won’t be last season. EFL has been all over the club and would have acted sooner. My guess is something has happened since Christmas
by tidus_mi2 » 22 Mar 2023 16:03
by tmesis » 22 Mar 2023 17:29
by Hound » 22 Mar 2023 17:38
by windermereROYAL » 22 Mar 2023 18:32
Hound Wonder if tomorrow really is a cut off? Really hope it is because it is both very boring but also very impt to our season
by Mid Sussex Royal » 22 Mar 2023 19:33
by Elm Park Kid » 24 Mar 2023 11:28
by Millsy » 24 Mar 2023 12:49
by Chairman Mao » 24 Mar 2023 13:10
Elm Park Kid A friend told me that he asked Kieran Maguire about this on twitter and he confirmed that the Thursday deadline applies only to points deductions for administration.
by morganb » 24 Mar 2023 15:38
by tmesis » 24 Mar 2023 16:03
Chairman Mao they do have to get on with it though, the closer to the end of season we get the more massively unfair it is on us to apply points with very little chance of us being able to do anything about it.
by tidus_mi2 » 24 Mar 2023 16:08
by Snowflake Royal » 24 Mar 2023 16:34
tmesisChairman Mao they do have to get on with it though, the closer to the end of season we get the more massively unfair it is on us to apply points with very little chance of us being able to do anything about it.
It would also put them in the awkward position of having to decide the number of points for a deduction knowing the value that would make it significant.
by Hound » 24 Mar 2023 16:58
tidus_mi2 Feels like the fix for the financial mess that is the Championship is for there to be a big rethink on the distribution of money so the Premier League gets less and the EFL gets more, thus allowing parachute payments to be stopped at the same time.
Ergo it will never happen.
by Hound » 24 Mar 2023 17:21
by tidus_mi2 » 24 Mar 2023 17:27
Hound Interesting to see Everton just been reported for FFP failings. Wonder how that’ll turn out
by tidus_mi2 » 24 Mar 2023 17:27
by tmesis » 24 Mar 2023 18:19
Snowflake RoyaltmesisChairman Mao they do have to get on with it though, the closer to the end of season we get the more massively unfair it is on us to apply points with very little chance of us being able to do anything about it.
It would also put them in the awkward position of having to decide the number of points for a deduction knowing the value that would make it significant.
There's no deciding. It's 6 suspended. They're applied or they're not. Anything else would be managed as a nee offence exactly as Wigan's has been with a further investigation announced that won’t conclude in time for this season in all probability.
There is a structure and procedure to these things, it's not just made up on a whim.
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