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Red_Alligator

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Posts posted by Red_Alligator

  1. I do enjoy a good player chant.

    One that always tickled me was Sheffield Wednesday fans chanting Gilles de Bilde's name to the tune of Bob the builder. 

    Made I laugh, so to speak.

    • Haha 1
  2. 54 minutes ago, Mr Popodopolous said:

    It's a weird one @NcnsBcfc thanks btw, do try- it's interesting stuff.

    All these cases are similar yet different and I'll try and offer a little on each.

    Birmingham

    2018 one, the EFL did move relatively quickly- the question is why. I make the timeline Accounts to 30th June 2018 ie Projected and a Soft Embargo to hold their position in place, before any Transfer Revenue to offset the Projections. Said Revenue did not arrive, but the updated or finalised Draft Accounts did maybe a week into July 2018- EFL Statement 2nd August 2018, possibly the final charges on 14th August 2018- they can move quickly and set the ball rolling. Still need to do better but this as a starting point is positive.

    They got -9 points, a soft Embargo into EFL approval needed and an EFL Business Plan for 2018/19 and perhaps beyond.

    Derby

    Where to begin? The EFL seemed not to substantially challenge their Amortisation policy or Stadium Sale under Shaun Harvey- whereas under Rick Parry, doubtless nudged by Gibson and post Bury collapse, the EFL now seemed to take a different stance hence the charges in January 2020...Covid seems to have made an impact of course into speed of Hearings etc? There have been lengthy Embargoes and restrictions but the EFL are oddly slow off the mark at times. Would have failed had the Stadium Profit rule not weirdly changed in 2016 and only been adjusted out again in 2021.

    Reading

    This is a big mystery to me. Their losses in 2018, 2019 and 2020- 2020 and 2021 are added and halved and Covid losses stripped as well as the usual deductions, one period so it's 2018, 2019 and then 2020 and 2021 combined average. Their P&S losses looked pretty terrible in 2018, 2019 and 2020 and this was despite sale of Stadium and sale again under new Parent presumably, sale of old Training Ground, sale of land around the Stadium and Aluko £3m loan fee counting as Revenue- they must have breached to 2021...indeed their Embargo conditions are due to this- it explicitly states due to Breach of Profit and Sustainability Regulations- therefore Charges must follow, whether it's an overspend, a breach in other ways or maybe more than one issue. Would have failed had the Stadium Profit rule not weirdly changed in 2016 and only been adjusted out again in 2021. Rot started under Harvey's tenure at the EFL and a lack of early intervention probably made matters worse...

    Sheffield Wednesday

    Failed and was clear they had failed to Summer 2018- they planned to sell and leaseback Hillsborough but under tough embargo conditions as lack of Accounts etc- not quite tough enough though. EFL launch investigation in Summer 2019- after Harvey departs- charged in November 2019 under Parry. Between times bits came out, such as asked to explain why discrepancy on Land Registry, Company formation and date it was suitable for the Accounts. There is an argument that they shouldn't be allowed to include it at all for FFP and it disappears after this season anyway, all depends then on how the FFP between League 1 and the Championship should join up.

    Stoke

    Odd one. On the one hand there is a significant Impairment in 2019/20 Accounts attributed to Covid- about £30m in Player Registrations but on the other hand there clearly were from 2019/20 efforts at downsizing beginning...see the loans out and especially from Jan 2020 onwards- Covid came at a very good time for them however and I'd be surprised if the EFL aren't looking very closely at each and every player whose value was Impaired yet there could be some justification for their claims as I believe that in a non Covid world their plan was to loan and loan and loan...and then sell final year of contract, and given a number of their players are based or went to 2nd tier European Leagues I have a certain amount of sympathy for their argument in some ways. Selling Collins for £12m absolutely helped as well- of course if they've sold the Ground on top of this, then the dial can move badly.

    I have to say though, as a collective their fans are up their own arse- a lot of them, Derby I mean- weird sense of entitlement, pretty loathsome lot like Mel Morris and was he even seriously unwell or was this a figment of imagination- you can tell he's one of their own. Vile club too.

    Onto the differences between the divisions

    EFL and Clubs

    Wanted a hard salary cap ie £xm per year with certain exemptions and probably Promotion bonuses, like in Rugby ie £m per year and within a 24-25 man squad IIRC. PFA and some clubs e.g. Sunderland, Ipswich, Portsmouth IIRC objected though I'd be surprised if EFL and Clubs at some point didn't try and rework it- fell away in the bottom 2 divisions which knocked back any ambitions for it at our level.

    The PL

    Have the same P&S regs as we do, except the loss limits differ greatly- £105m per 3 years as opposed to £39m in a 3 year period, between the two divisions it's -£22m per Championship season. I have to wonder if they are as hot on Embargoes in a pre-emptive sense- Everton seem to be under some kind of restrictions but it's unclear, I also have had my q's about Aston Villa too but selling Grealish for £100m may have fixed it all.

    e.g. Championship-PL-Championship, that's £13m + £35m + £13m=£61m.

    Covid has complicated this, naturally

    Now it'd be 2017/18 Championship. 2018/19 Championship, 2019/20 PL and 2020/21 Championship- say Norwich? £13m + £13m + £35m + £13m=£74m. £74m/4 x 3=£55.5m. 2 of each would give you £72m, 3 of PL and one of our level would give you £88.5m. 4 x Championship or 4 x PL would keep it at £39m or £105m respectively.

    Is there some weird punishment for compliance ongoing?

    We and others are definitely being punished in a sense for trying to do the right thing, see Blackburn as well- yes they were pushing it but selling Armstrong and a clutch of players released will have eased things but will they reinvest some? Middlesbrough got hit especially badly in 2019/20 by trying to stay in, arguably- Nottingham Forest seem to have released a reasonable number, loanees ended, regularly sell academy products but signed only a free and 2 youngish loanees. Swansea too maybe to an extent? Seem to have at least one big sale per season and wages were dropping more than say Stoke in 2019/20 and 2018/19. Both dropped in the same season.

    Parachute Payments

    Arguments for and against. Need to be given a better type of Accounting Treatment perhaps- as in loans or cash flow to help with solvency which immediately ups the FFP pressure on Clubs. Some clubs trade and are happy to do so, likely comply in Year 1 without Parachute Payments but some use them to gain a significant and immediate competitive advantage- Cardiff were one, Fulham definitely are one. Imagine that just an amount equal to the PL Solidarity Payment goes through P&L or counts towards FFP- and the rest is for Cash Flow etc- that retains solvency but gives a huge pressure to comply that's added...you're suddenly talking about a £35-40m hole in Year 1 which won't bankrupt the club but will give them serious FFP issues or will force them either to sell/loan out higher earners, ie better players or subsidise their wages elsewhere maybe, show more restraint in the market or perhaps a bit of each.

    Thanks Pops, this helps a lot if, like me, you're struggling to get a clear overview of the situation. I wonder if an increasing number of Championship clubs will take a gamble with the EFL?

  3. 5 minutes ago, Peter O Hanraha-hanrahan said:

    Probably best not to immediately phone the boss and tell him/her to “stick their ******* job up their ass” Stephanie.

    She’d have won more on those little Horse Racing machines you find in Seaside arcades.

    I'm presuming that Stephanie will have access to financial advice and counselling following her win?.

    • Haha 5
  4. 5 minutes ago, Mr Popodopolous said:

    Seems an overreaction by the OP but anyway.

    Not good enough or not ready? Big difference between the two.

    Bakinson- Still developing, added some goals last season. Certainly fine in the squad.

    Massengo- He's not really a goal scoring midfielder but again fine in squad.

    O'Leary- Reliable number 2.

    Semenyo- Don't just judge on goals- assists, energy and versatility are other positives.

    Quite like what I've seen from Scott to date.

    A lot of the other younger players do need good development loans though IMO. Question how ready some are for the level and the intensity of a Championship season.

    Bell, Pearson, Towler etc- Janneh or does his double vs Forest Green keep him in situ for the foreseeable.

    I'd like to see more of Janneh and Bell this season.

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