[Football] Sheffield Wednesday

[Weststander]

How is possible to prove that "Wednesday will have to simply provide evidence that the transaction was undertaken at arm's length, at market prices"? Slip a wedge to a surveyor and Bob's Your Uncle, surely?

The point is that it’s a creative accounting gain/profit, to obliterate on paper, trading losses, to circumvent FFP.

 

[warmleyseagull]

The point is that it’s a creative accounting gain/profit, to obliterate on paper, trading losses, to circumvent FFP.

Yeah, I get that (been a Finance Director for 25 years), but quoting from article the point is that is must be a genuine accounting profit. which it can only be if proven that arms-length, blah. blah. blah, read article.

And it ain't FFP any more.

 

[Willy Dangle]

Its all ok with SW because they have a Messier in Foresty Gump

 

[Weststander]

Yeah, I get that (been a Finance Director for 25 years), but quoting from article the point is that is must be a genuine accounting profit. which it can only be if proven that arms-length, blah. blah. blah, read article.

And it ain't FFP any more.

In a similar role to you, an ‘exciting’ profession .

I’m sure Mel Morris and Chansiri have chartered surveyors reports backing their property valuations at fair value, so complying with company law and accounting standards.

This boils down to the FFP angle, in the same way as QPR’s huge shareholders credit loan write-offs to the P&L. We all know these moves were made to furtively get around FFP.

Are the FFP rules tight enough and do the other 70 clubs have the balls to see this through?

 

[Dick Head]

If found guilty, Wednesday face "any sanction" under EFL regulation 92.2, which range from a reprimand to a points deduction, financial penalty or possible expulsion from the league.

Expulsion from the league please. Alas, it won't diminish their massiveness. Nothing could.