0 Members and 1 Guest are viewing this topic.
Quote from: Frankie Rennie on July 01, 2020, 12:46:56 pmShould be a 12 point deduction as the seasons still live, circumstances should have nothing to do with it. At least Tyke should be happy as that would put Wigan bottom. Question is who’s next? Only aMatter of time I think. Blackburn Rovers?So what happens if 3/4 Championship clubs go into admin. -12 points for each? The EFL could have a total farce of a situation to sort out.
Should be a 12 point deduction as the seasons still live, circumstances should have nothing to do with it. At least Tyke should be happy as that would put Wigan bottom. Question is who’s next? Only aMatter of time I think. Blackburn Rovers?
Surely if you have players on existing contracts you can’t be expected to reduce them, that would be ridiculous and I would have though illegal. Also they can hardly penalise you for it points wise either but then this is the EFL we are talking about.
What a strange tale this is:https://www.theguardian.com/football/2020/jul/02/story-of-how-wigan-collapsed-into-administration-au-yeung-investigationLooks like football was not the point of the takeover!
How do these people get through the fit and proper persons test.
Quote from: drfchound on July 03, 2020, 08:27:14 amHow do these people get through the fit and proper persons test.That is the big question hound. It would seem they only have to prove they have the money. No bond in place and nothing much else. This is now becoming a sick joke. Our football clubs are being pillaged by all & Sundry and this needs sorting NOW. I don’t have any belief though that it will.
Quote from: Campsall rover on July 03, 2020, 09:14:11 amQuote from: drfchound on July 03, 2020, 08:27:14 amHow do these people get through the fit and proper persons test.That is the big question hound. It would seem they only have to prove they have the money. No bond in place and nothing much else. This is now becoming a sick joke. Our football clubs are being pillaged by all & Sundry and this needs sorting NOW. I don’t have any belief though that it will. There's been an ongoing governance review of football for quite some time. The FA, along with DCMS has instructed the EPL and EFL to come up with solutions to some of the major issues. We, the FSA, produced our own document and proposals (which I've mentioned on here numerous times) which the FA and Government stated that we had understood the situation far better than anyone, and that the EFL and EPL should look at it more closely. So far the response from both organisations has been positive.So, yes it will change.
I'm all in favour of one of the cup competitions cancelled. Provided its the Champions League.
Quote from: redwine on July 03, 2020, 04:23:49 pmI'm all in favour of one of the cup competitions cancelled. Provided its the Champions League. A cup shouldn't need to have to be cancelled. All it takes is to remove the obligation for EPL clubs to participate if they don't want to. That way those clubs who do still want to to participate in that cup if they want to still can and don't have that option denied just because of the EPL.
I'm not sure where you're coming from with some of that. But, the government did tell the EPL that one of the conditions for Project Restart was that they must help out the smaller clubs further down the pyramid. We wait to see what that is, but for some clubs that's the lifeline they need. I'm sure the EPL will push to have one of the cup competitions cancelled as part of that conversation, but that's all to be negotiated yet, so it might not happen.
The EFL admitted there were irregularities regarding large betting rings in the Philippines betting on Wigan to go down, and the ownership changed hands to ensure the points deduction. If Wigan get deducted points, that makes the EFL complicit in major fraud, and then there will be real repercussions.
SM:QuoteI'm not sure where you're coming from with some of that. But, the government did tell the EPL that one of the conditions for Project Restart was that they must help out the smaller clubs further down the pyramid. We wait to see what that is, but for some clubs that's the lifeline they need. I'm sure the EPL will push to have one of the cup competitions cancelled as part of that conversation, but that's all to be negotiated yet, so it might not happen.I understand there was an interview with an EPL official recently (I’m not sure on what programme), who was asked about this very topic and his reply was that, as yet, they have had no request from the EFL for any sort of financial help. I sincerely hope no-one is holding their breath waiting for this to happen anytime soon!
It’s strikes me that it’s almost impossible to do proper due diligence on the majority of potential owners due to their nationality, the often opaque relationships, and the maze of companies involved. As a result I’d almost forget ‘fit and proper’ tests, beyond a check on convictions and instead focus on means. So do the due diligence on a business plan for the club, that clearly identifies the cash injections required for three years. Test this against historical performance for validity. If you are satisfied that the plan is reasonable then get the owner to sign an agreement that they will deliver within the budgets of the plan or the EFL has step in rights to run and sell the club. Then to ensure they have the means, require them to deposit an amount equal to two years of the budget subsidy identified in the business plan in to an escrow account held by the EFL, which needs to be topped up to two years at the start of every season. If the owner breaks the budget parameters it’s a breach of terms and the EFL use the budget to run the club until sale, at which point the balance in the account, plus proceeds of sale go back to the owner (minus EFL costs). To make this happen the EFLwould need quarterly accounts submitted for analysis. Whilst this sounds fairly complicated, all of the above terms form part of most decent sized corporate finance deals and it could be delivered by a fairly small team given the small number of clubs (compared to a finance portfolio). Just my thoughts anyway...