| Sheffield Weds the latest club to dodge FFP by buying their ground... 13:14 - Jul 12 with 5073 views | Northolt_Rs |
https://www.bbc.co.uk/sport/football/48964055
So thatÂ’s Weds, Derby and AV who have used this patently obvious ruse to cheat the rules. Why are our owners the only mugs who offered up their backsides to get well and truly shafted by the EFL? How on earth can this be in any way fair? More to the point what are our owners doing about it? They canÂ’t just sit on their hands, accept us getting massacred by FFP whilst every other club cheats to avoid our fate, and do nothing about it. Surely?
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| Scooters, Tunes, Trainers and QPR. |
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| Sheffield Weds the latest club to dodge FFP by buying their ground... on 13:31 - Jul 12 with 4990 views | francisbowles |
Different rules in different stages of FFP and now Profit and Sustainability (or whatever it is called). I believe selling your ground wasn't an option in the old rules but is not excluded in the new ones.
I agree it is ridiculous but other clubs had transfer embargoes under the old rules, so the FL unlikely to reverse any decisions as you cannot undo a transfer embargo and the damage that it caused.
We did fight the FL for several years on FFP, we didn't just accept their original rules but we lost. |  | | |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 13:35 - Jul 12 with 4963 views | davman |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 13:31 - Jul 12 by francisbowles |
Different rules in different stages of FFP and now Profit and Sustainability (or whatever it is called). I believe selling your ground wasn't an option in the old rules but is not excluded in the new ones.
I agree it is ridiculous but other clubs had transfer embargoes under the old rules, so the FL unlikely to reverse any decisions as you cannot undo a transfer embargo and the damage that it caused.
We did fight the FL for several years on FFP, we didn't just accept their original rules but we lost. |
Why not sell a bit of the ground., like an Executive Box and then buy it back for less at the end of the season?
What would the difference be? |  |
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| Sheffield Weds the latest club to dodge FFP by buying their ground... on 13:57 - Jul 12 with 4865 views | connell10 |
Problem is its just kicking the can down the road , you cant sell your stadium twice so next year they will have another big black hole in their accounts , also i wouldnt want any of our owners to buy our stadium lock , stock and barrel , it would all end in tears! |  |
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| Sheffield Weds the latest club to dodge FFP by buying their ground... on 09:43 - Jul 15 with 4359 views | smegma |
Shouldn't this thread be called 'sold their ground' ??
The EFL will do an inquiry and will find QPR guilty of all charges. | | | |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 09:47 - Jul 15 with 4346 views | daveB |
If our owners sold the ground to themselves to escape FFP as a club we would be royally screwed not owning our own stadium and looking to move ground as well, would be a disaster. Sheffield Wednesday won't be able to do this again they are just putting their clubs future on the line to avoid losing a few points this season, is utter madness |  | | |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 10:10 - Jul 15 with 4296 views | klonk |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 13:35 - Jul 12 by davman |
Why not sell a bit of the ground., like an Executive Box and then buy it back for less at the end of the season?
What would the difference be? |
...well if we sold it to a member of the board, it would be deemed a 'related party transaction' and valued in the books at 'fair value' (regardless of whether that was more or less than the original transaction).
it's possible to make an accounting profit on the sale when fair value is higher than book value (usually a result of accounting policies meaning that the ground and stadium are recorded at lower-than-market valuations in the books). but it's very difficult to do when buying it back (unless the market valuation goes down due to, say, a property market crash). | | | |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 11:18 - Jul 15 with 4167 views | smegma |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 09:47 - Jul 15 by daveB |
If our owners sold the ground to themselves to escape FFP as a club we would be royally screwed not owning our own stadium and looking to move ground as well, would be a disaster. Sheffield Wednesday won't be able to do this again they are just putting their clubs future on the line to avoid losing a few points this season, is utter madness |
And what if the owner falls out with the club/board ?? He can then hold the club to ransom. | | | |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 14:13 - Jul 15 with 4046 views | stowmarketrange |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 13:57 - Jul 12 by connell10 |
Problem is its just kicking the can down the road , you cant sell your stadium twice so next year they will have another big black hole in their accounts , also i wouldnt want any of our owners to buy our stadium lock , stock and barrel , it would all end in tears! |
But could the owner just not sell it back to them for £1 and then another director/owner buy it back again? |  | | |
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| Sheffield Weds the latest club to dodge FFP by buying their ground... on 17:59 - Jul 15 with 3881 views | GroveR |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 10:10 - Jul 15 by klonk |
...well if we sold it to a member of the board, it would be deemed a 'related party transaction' and valued in the books at 'fair value' (regardless of whether that was more or less than the original transaction).
it's possible to make an accounting profit on the sale when fair value is higher than book value (usually a result of accounting policies meaning that the ground and stadium are recorded at lower-than-market valuations in the books). but it's very difficult to do when buying it back (unless the market valuation goes down due to, say, a property market crash). |
I like it. Enron Park Rangers. |  | | |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 20:08 - Jul 15 with 3747 views | Rassilon |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 11:18 - Jul 15 by smegma |
And what if the owner falls out with the club/board ?? He can then hold the club to ransom. |
Ron Noades did that when he sold Crystal Palace, but kept the freehold of Selhurst Park. | | | |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 20:59 - Jul 15 with 3668 views | Lblock |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 20:08 - Jul 15 by Rassilon |
Ron Noades did that when he sold Crystal Palace, but kept the freehold of Selhurst Park. |
He didn’t actually
Goldberg didn’t want it as he was a novice, he wanted the club.
He also wanted Venables despite Noades warnings to the contrary
The rest is history
I’ve seen it stated here the owners would spend again if they could and want to get back to the Prem; also that they explored all options to fight FFP.
Looks to the contrary to me |  |
| Cherish and enjoy life.... this ain't no dress rehearsal |
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| Sheffield Weds the latest club to dodge FFP by buying their ground... on 14:31 - Jul 16 with 3309 views | klonk |
| Sheffield Weds the latest club to dodge FFP by buying their ground... on 14:13 - Jul 15 by stowmarketrange |
But could the owner just not sell it back to them for £1 and then another director/owner buy it back again? |
to reiterate:
"...well if we sold it to a member of the board, it would be deemed a 'related party transaction' and valued in the books at 'fair value' (regardless of whether that was more or less than the original transaction).
it's possible to make an accounting profit on the sale when fair value is higher than book value (usually a result of accounting policies meaning that the ground and stadium are recorded at lower-than-market valuations in the books). but it's very difficult to do when buying it back (unless the market valuation goes down due to, say, a property market crash)." | | | |
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