A not guilty appeal decision would have seen us probably go into admin anyway but that -12 would have seen us still in the Championship.
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He didn't try diddling everyone, he did what a lot of business owners do which is use various accountancy methods to get the figures looking as they require. I mean even Tesco did a bit of number manipulating and got caught for it, and don't get me started on Philip Green and his shenanigans!
The sale and lease back of the ground is a common thing, over half the care home companies in the UK work on that principle, not that i think its a good idea.
What MA says is the bare facts as applied to the EFL penalty. In fact one could argue that that the interpretation of an accounting rule, which the appeal panel made, led to MM putting the club into administration and hence the financial fall out which affected the tax man and other creditors.
It seems MM lost in the region of £125 million of his own money.
I'm not defending the way he operated, it was clearly unsustainable, but its no different from how a lot of businesses operate until something unexpected, as in Covid - 19 comes along and basically destroys the income stream.
He might do yet, fallout from administration or liquidations tend to drag on for ages
Mel clearly got it wrong, it was a witch hunt, I feel he was hard done by with the ffp deduction. He wasn't with the administration though, he's a wealthy man he didn't need to do that.
Maybe next time if he's in football ownership he should go down a different route, bribing refs and burning their properties down if they refuse, having judges cars smashed up, or if that fails a bit of drug smuggling will boost the coffers.
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