NFFC Financial Talk

[Jean_claude_killy]

Just been thinking about a points deduction and how this could possibly be finalised after the season's end. Could it work in our favour? I mean, if an appeal tribunal has some sympathy with our position but feel obliged to find us guilty because of a technical breach, will it be likely they'll be more lenient on the points if they know it's their decison soley that will relegate us?

I like the approach of just accepting it and not kicking up a fuss like Everton. I think if we can show a clear difference between our approaches, it'll help our case.

Yes but we have only accepted the charge we haven't accepted any possible punishment.

I don't think we will just roll over and accept a points deduction if it comes to that, on the contrary.

I will be amazed if there is a points deduction.

If what we read is accurate, it appears we have used accounting practices which are perfectly acceptable to the likes of HMRC but not the PL; do the PL refuse to accept those practices because they have written rules to the contrary, or because the situation has never risen before?

We know that the accounts submitted to the PL are fundamentally different to those submitted to HMRC, but that is essentially down to having the allowances stripped out - but is there any stipulation ruling against GAAP?

My guess is this is all new to the PL, so they pass the buck on to the Independent Commission.

The questions are, is the IC truly Independent, which I am absolutely sure that they are, and do the IC fly in the face of conventional accountancy practices when faced with a decision - a decision which may end up being appealed to the court of arbitration; I would think not.