(24-05-2019, 07:05 PM)Sniffer Dog Wrote:

(08-05-2019, 12:56 PM)Jean_claude_killy Wrote:

(08-05-2019, 11:58 AM)Sausage Roll Wrote: Update from the Post here.

If that report is correct it looks like his case was kicked out - vacated by order means rendered null and void

What is going on then JCK?

Can you give us your opinion please?

(25-05-2019, 07:17 AM)Duncan Mckenzie Wrote: Slightly off topic but still on the ubject of suing:

Middlesbrough have stunned Derby by announcing their intention to sue the Championship club, days before the play-off final at Wembley.

Steve Gibson, the Middlesbrough owner, has taken drastic action in his dispute with Mel Morris by vowing to take legal action over what he insists are clear breaches of financial rules.

Gibson is alleging that Morris has broken the English Football League’s profitability and sustainability rules and Middlesbrough officials contacted Derby on Friday to inform them of their stance.

Boro are understood to be furious that Derby reported a £14.6m profit in their 2017/18 accounts, after Morris sold the club’s Pride Park stadium and then leased it back. Gibson believes that Morris has flouted the rules.

(25-05-2019, 08:40 AM)Sausage Roll Wrote:

(25-05-2019, 07:17 AM)Duncan Mckenzie Wrote: Slightly off topic but still on the ubject of suing:

Middlesbrough have stunned Derby by announcing their intention to sue the Championship club, days before the play-off final at Wembley.

Steve Gibson, the Middlesbrough owner, has taken drastic action in his dispute with Mel Morris by vowing to take legal action over what he insists are clear breaches of financial rules.

Gibson is alleging that Morris has broken the English Football League’s profitability and sustainability rules and Middlesbrough officials contacted Derby on Friday to inform them of their stance.

Boro are understood to be furious that Derby reported a £14.6m profit in their 2017/18 accounts, after Morris sold the club’s Pride Park stadium and then leased it back. Gibson believes that Morris has flouted the rules.

Obviously I'm biased as it's the sheep, but what they've done does seem highly dubious. Racking up massive losses then selling their ground to the owner to turn a profit. I'd love them to lose on Monday, then get sued and lose again and end up being deducted points.


Imagine that. A sight to behold

(25-05-2019, 08:40 AM)Sausage Roll Wrote:

(25-05-2019, 07:17 AM)Duncan Mckenzie Wrote: Slightly off topic but still on the ubject of suing:

Middlesbrough have stunned Derby by announcing their intention to sue the Championship club, days before the play-off final at Wembley.

Steve Gibson, the Middlesbrough owner, has taken drastic action in his dispute with Mel Morris by vowing to take legal action over what he insists are clear breaches of financial rules.

Gibson is alleging that Morris has broken the English Football League’s profitability and sustainability rules and Middlesbrough officials contacted Derby on Friday to inform them of their stance.

Boro are understood to be furious that Derby reported a £14.6m profit in their 2017/18 accounts, after Morris sold the club’s Pride Park stadium and then leased it back. Gibson believes that Morris has flouted the rules.

Obviously I'm biased as it's the sheep, but what they've done does seem highly dubious. Racking up massive losses then selling their ground to the owner to turn a profit. I'd love them to lose on Monday, then get sued and lose again and end up being deducted points.

(24-05-2019, 10:13 PM)Jean_claude_killy Wrote:

(24-05-2019, 07:05 PM)Sniffer Dog Wrote:

(08-05-2019, 12:56 PM)Jean_claude_killy Wrote:

(08-05-2019, 11:58 AM)Sausage Roll Wrote: Update from the Post.

If that report is correct it looks like his case was kicked out - vacated by order means rendered null and void

What is going on then JCK?

Can you give us your opinion please?

Its hard to tell at the moment.

As the case was heard at the High Court the full judgement must be published; once in the public domain we will have a better idea of what transpired.

With regard to the amount involved; there is no way it will impact on transfers or the day to day running of the club.

The money was already accounted for in the sale price; it looks like money that was with held due to the anomalies discovered post sale.

The worst case scenario is that Fawaz gets the full sale price

(25-05-2019, 09:01 AM)Jean_claude_killy Wrote: Gibson is pissing in the wind!

All that Morris has done is sell an asset - the ground.

He may have sold the ground to another one of his Companies but that is not illegal so long as he did so for a fair price; HMRC are the people who make that decision not the EFL.

(29-05-2019, 10:59 AM)wassy04 Wrote:

(25-05-2019, 09:01 AM)Jean_claude_killy Wrote: Gibson is pissing in the wind!

All that Morris has done is sell an asset - the ground.

He may have sold the ground to another one of his Companies but that is not illegal so long as he did so for a fair price; HMRC are the people who make that decision not the EFL.

Yep, they may change the FFP rules to discount this option. If nothing else it’s dangerous having clubs selling their major asset to private companies as Coventry will testify. Sounds like Sheff We’d May have done the same too.

The way to punish Derby is to carefully monitor how the grounds and income is now accounted. I would assume they now can no longer take any income from any stadium related activities? One thing that I was wondering, as stadium improvement costs are outside of FFP does that also apply to stadium costs. Is the repurchase of a stadium say? Hypothetically could they just repurchase it next year and the cost wouldn’t count towards FFP? (I think the rules will change before this happens)

(29-05-2019, 11:08 AM)Jean_claude_killy Wrote:

(29-05-2019, 10:59 AM)wassy04 Wrote:

(25-05-2019, 09:01 AM)Jean_claude_killy Wrote: Gibson is pissing in the wind!

All that Morris has done is sell an asset - the ground.

He may have sold the ground to another one of his Companies but that is not illegal so long as he did so for a fair price; HMRC are the people who make that decision not the EFL.

Yep, they may change the FFP rules to discount this option. If nothing else it’s dangerous having clubs selling their major asset to private companies as Coventry will testify. Sounds like Sheff We’d May have done the same too.

The way to punish Derby is to carefully monitor how the grounds and income is now accounted. I would assume they now can no longer take any income from any stadium related activities? One thing that I was wondering, as stadium improvement costs are outside of FFP does that also apply to stadium costs. Is the repurchase of a stadium say? Hypothetically could they just repurchase it next year and the cost wouldn’t count towards FFP? (I think the rules will change before this happens)

They will still take in income from ticket sales but will have to pay rent to the Stadium owners; they will also lose out on any peripheral income which will now go straight to the stadium owner, such as conferencing and all of the concessions.

Buying the stadium back would not be a problem either; they would take out a mortgage or some other commercial loan and offset the cost over a number of years.

I cannot for the life of me see why this should impact on FFP or lead to a rule change; they have done nothing wrong.