Jog On Fawaz

[Jean_claude_killy]

Update from the Post here.

If that report is correct it looks like his case was kicked out - vacated by order means rendered null and void

What is going on then JCK?

Can you give us your opinion please?

Its hard to tell at the moment.

As the case was heard at the High Court the full judgement must be published; once in the public domain we will have a better idea of what transpired.

With regard to the amount involved; there is no way it will impact on transfers or the day to day running of the club.

The money was already accounted for in the sale price; it looks like money that was with held due to the anomalies discovered post sale.

The worst case scenario is that Fawaz gets the full sale price

[Duncan Mckenzie]

Slightly off topic but still on the ubject of suing:

Middlesbrough have stunned Derby by announcing their intention to sue the Championship club, days before the play-off final at Wembley.

Steve Gibson, the Middlesbrough owner, has taken drastic action in his dispute with Mel Morris by vowing to take legal action over what he insists are clear breaches of financial rules.

Gibson is alleging that Morris has broken the English Football League’s profitability and sustainability rules and Middlesbrough officials contacted Derby on Friday to inform them of their stance.

Boro are understood to be furious that Derby reported a £14.6m profit in their 2017/18 accounts, after Morris sold the club’s Pride Park stadium and then leased it back. Gibson believes that Morris has flouted the rules.

[Kranky]

The clown of a side kick Emad is having a field day on twitter. Embarrssing beyond belief. He's also got some front posting a picture of Pablo Escobar. His activity on Twitter just reminds how bad and embarrassing we had it with those goons running the club. Strange strange people in Kuwait.

[Sausage Roll]

Slightly off topic but still on the ubject of suing:

Middlesbrough have stunned Derby by announcing their intention to sue the Championship club, days before the play-off final at Wembley.

Steve Gibson, the Middlesbrough owner, has taken drastic action in his dispute with Mel Morris by vowing to take legal action over what he insists are clear breaches of financial rules.

Gibson is alleging that Morris has broken the English Football League’s profitability and sustainability rules and Middlesbrough officials contacted Derby on Friday to inform them of their stance.

Boro are understood to be furious that Derby reported a £14.6m profit in their 2017/18 accounts, after Morris sold the club’s Pride Park stadium and then leased it back. Gibson believes that Morris has flouted the rules.

Obviously I'm biased as it's the sheep, but what they've done does seem highly dubious. Racking up massive losses then selling their ground to the owner to turn a profit. I'd love them to lose on Monday, then get sued and lose again and end up being deducted points.

[Kranky]

Slightly off topic but still on the ubject of suing:

Middlesbrough have stunned Derby by announcing their intention to sue the Championship club, days before the play-off final at Wembley.

Steve Gibson, the Middlesbrough owner, has taken drastic action in his dispute with Mel Morris by vowing to take legal action over what he insists are clear breaches of financial rules.

Gibson is alleging that Morris has broken the English Football League’s profitability and sustainability rules and Middlesbrough officials contacted Derby on Friday to inform them of their stance.

Boro are understood to be furious that Derby reported a £14.6m profit in their 2017/18 accounts, after Morris sold the club’s Pride Park stadium and then leased it back. Gibson believes that Morris has flouted the rules.

Obviously I'm biased as it's the sheep, but what they've done does seem highly dubious. Racking up massive losses then selling their ground to the owner to turn a profit. I'd love them to lose on Monday, then get sued and lose again and end up being deducted points.


Imagine that. A sight to behold

[Jean_claude_killy]

Gibson is pissing in the wind!

All that Morris has done is sell an asset - the ground.

He may have sold the ground to another one of his Companies but that is not illegal so long as he did so for a fair price; HMRC are the people who make that decision not the EFL.

[Mad Mel]

Slightly off topic but still on the ubject of suing:

Middlesbrough have stunned Derby by announcing their intention to sue the Championship club, days before the play-off final at Wembley.

Steve Gibson, the Middlesbrough owner, has taken drastic action in his dispute with Mel Morris by vowing to take legal action over what he insists are clear breaches of financial rules.

Gibson is alleging that Morris has broken the English Football League’s profitability and sustainability rules and Middlesbrough officials contacted Derby on Friday to inform them of their stance.

Boro are understood to be furious that Derby reported a £14.6m profit in their 2017/18 accounts, after Morris sold the club’s Pride Park stadium and then leased it back. Gibson believes that Morris has flouted the rules.

Obviously I'm biased as it's the sheep, but what they've done does seem highly dubious. Racking up massive losses then selling their ground to the owner to turn a profit. I'd love them to lose on Monday, then get sued and lose again and end up being deducted points.

That would be the perfect ending to the Championship this season if that scenario was to come true. Heres hoping...

[Username]

Clubs are acting this way because of how the rules are drafted. I can’t see where Derby have actually breached the Rules in all honesty.

The system still seems to be not fully fit for purpose and that is what needs looking at.

[Sniffer Dog (Admin)]

Update from the Post.

If that report is correct it looks like his case was kicked out - vacated by order means rendered null and void

What is going on then JCK?

Can you give us your opinion please?

Its hard to tell at the moment.

As the case was heard at the High Court the full judgement must be published; once in the public domain we will have a better idea of what transpired.

With regard to the amount involved; there is no way it will impact on transfers or the day to day running of the club.

The money was already accounted for in the sale price; it looks like money that was with held due to the anomalies discovered post sale.

The worst case scenario is that Fawaz gets the full sale price

Thanks JCK. I know that you are into this sort of stuff so I value you are opinion on it.

[wassy04]

Gibson is pissing in the wind!

All that Morris has done is sell an asset - the ground.

He may have sold the ground to another one of his Companies but that is not illegal so long as he did so for a fair price; HMRC are the people who make that decision not the EFL.

Yep, they may change the FFP rules to discount this option. If nothing else it’s dangerous having clubs selling their major asset to private companies as Coventry will testify. Sounds like Sheff We’d May have done the same too.

The way to punish Derby is to carefully monitor how the grounds and income is now accounted. I would assume they now can no longer take any income from any stadium related activities? One thing that I was wondering, as stadium improvement costs are outside of FFP does that also apply to stadium costs. Is the repurchase of a stadium say? Hypothetically could they just repurchase it next year and the cost wouldn’t count towards FFP? (I think the rules will change before this happens)

[Jean_claude_killy]

Gibson is pissing in the wind!

All that Morris has done is sell an asset - the ground.

He may have sold the ground to another one of his Companies but that is not illegal so long as he did so for a fair price; HMRC are the people who make that decision not the EFL.

Yep, they may change the FFP rules to discount this option. If nothing else it’s dangerous having clubs selling their major asset to private companies as Coventry will testify. Sounds like Sheff We’d May have done the same too.

The way to punish Derby is to carefully monitor how the grounds and income is now accounted. I would assume they now can no longer take any income from any stadium related activities? One thing that I was wondering, as stadium improvement costs are outside of FFP does that also apply to stadium costs. Is the repurchase of a stadium say? Hypothetically could they just repurchase it next year and the cost wouldn’t count towards FFP? (I think the rules will change before this happens)

They will still take in income from ticket sales but will have to pay rent to the Stadium owners; they will also lose out on any peripheral income which will now go straight to the stadium owner, such as conferencing and all of the concessions.

Buying the stadium back would not be a problem either; they would take out a mortgage or some other commercial loan and offset the cost over a number of years.

I cannot for the life of me see why this should impact on FFP or lead to a rule change; they have done nothing wrong.

[wassy04]

Gibson is pissing in the wind!

All that Morris has done is sell an asset - the ground.

He may have sold the ground to another one of his Companies but that is not illegal so long as he did so for a fair price; HMRC are the people who make that decision not the EFL.

Yep, they may change the FFP rules to discount this option. If nothing else it’s dangerous having clubs selling their major asset to private companies as Coventry will testify. Sounds like Sheff We’d May have done the same too.

The way to punish Derby is to carefully monitor how the grounds and income is now accounted. I would assume they now can no longer take any income from any stadium related activities? One thing that I was wondering, as stadium improvement costs are outside of FFP does that also apply to stadium costs. Is the repurchase of a stadium say? Hypothetically could they just repurchase it next year and the cost wouldn’t count towards FFP? (I think the rules will change before this happens)

They will still take in income from ticket sales but will have to pay rent to the Stadium owners; they will also lose out on any peripheral income which will now go straight to the stadium owner, such as conferencing and all of the concessions.

Buying the stadium back would not be a problem either; they would take out a mortgage or some other commercial loan and offset the cost over a number of years.

I cannot for the life of me see why this should impact on FFP or lead to a rule change; they have done nothing wrong.

Well if they can legitimately buy the stadium back and it not impact FFP is this not just another way of an owner investing large capital into the club? Thus getting around FFP and making the rules redundant?