Originally Posted by
MadAmster
It's all legalese at its best. One of the final paragraphs is quite telling. In it the author passes his opinion and that is.....
Considering that (i) SWFC has ‘numerous emails, letters and other documents in which the EFL gave authorisation to the [sale of Hillsborough], and on which authorisation [SWFC] understood it could rely’ and (ii) DCFC ‘discussed the rationale for the stadium sale with the EFL Executive, ahead of the transaction, supplied and discussed the valuation, and bar a small adjustment in respect of its FFP/P&S submissions, the Club was given written approval’, it is easy to see how each type of estoppel explained above can be argued forcefully by SWFC and DCFC respectively. It is this author’s opinion that should such evidence be available to SWFC and DCFC as stated then each club has good prospects of successfully defending the charges made against them in respect of their respective stadium sales and avoiding the sanctions that can be imposed pursuant to EFL Regulations, regulation 92 in respect of the same.
He gives, or I haven't seen one anyway, no opinion on the amortisation charges. Derby's manner of amortisation accounting was accepted and signed off on by the EFL in the first 2 years of this 3 year cycle. Then, with no rule changes and without informing DCFC that there was, actually, an issue with how they amortise the value of payers in the books, the EFL decides to charge them with an offence. That, IMO, goes against natural justice.
I hope the tribunal sees it that way too.