To face misconduct charges in connection with sale of stadium. Who next?
To face misconduct charges in connection with sale of stadium. Who next?
Their situation is slightly different to ours in that they included the sale in the previous accounting year yet only registered at the land registry this year
It'll be interesting to see what they pull us up on as we filed the sale in the correct FFP year, the valuation and sale was OK'd by the EFL and we have that in writing, they'll look silly if they back track on any of that, if they do then I can see Derby taking them to court not Boro
Im not sure that the land registration date makes a difference, FFP year keys off accounts year, so if their auditors OK'd it going into 17-18 accounts then surely its rightly in FFP 17-18
My understanding was that the EFL approved the sale in principal, but not the valuation, but I may be wrong. If they are happy with the valuation, then we ought be fireproof, but...........
But they only registered the change with the land registry this year even though they included the sale in last years accounts, is that wrong or not I don't know but I reckon that's what Sheffield Wednesday have been pulled up on
In terms of us it's basically the ground valuation hence the EFL conducting their own valuation, a valuation can be subjective though but whatever it was was signed off by the EFL, Mel says we have that in writing so what's to investigate? If they do an about turn and sanction us for something previously signed of as perfectly OK and within the rules then the EFL make themselves look fools and I'm pretty certain DCFC will take them to court
The accounts only refer to the stadium as having been sold; the accounts of the academy do not contain any value that it likely to be Moor Farm. There is a bit of a residual property asset in the club accounts which could be Moor Farm but its only a few milllon