Interview with Mel….

[Andy_Faber]

I've listened to the interview and listened with interest the part where Mel talks about the amortisation of player contracts which I basically understood said if a player is valued at 4m at the begining of a 4 year contract then that player loses 1m every year till both reach zero, thats simple maths, they said that is the default model unless you can find an alternative way, if not then use the default model, Mel argues our model still reaches zero at year 4 but doesn't lose 1m a year, his argument for that was that after 6 months into the 4 years you could probably sell that player for what you paid or maybe more because there is so long left on the contract so rather than losing 500k in 6 months you've made 500k if you sell at the same price, after 2 years rather than the model showing a 2m value our model showed a 3m value because theres still 2 years of the contract left, of course the closer you get to the end of the contract the value has to nose dive and plumet because it has to end at zero @4 years which is right because at 6 months left your effectively going to be giving the player away, our model reduces in an arc while the EFLs reduces at a 45° straight line 4m/4years down to £0/0years

Is this the accounting practice the EFL approved as opposed to their default? He also went on to say that there were accounting specialists on the panel that cleared us on the ammortisation but when the EFL appealed there were no such accounting specialists on the panel and we were found guilty

Theres clearly more to this depreciation mullarkey than we’ve been told. Both straight line and ‘reducing balance’ (curved) approaches are widely used in accounting, but footballers offer a number of excuses for fiddling: using different depreciation in different circumstances, or to suit FFP: revaluing players with insufficient justification. Making contract lengths unrealistically long for older players to reduce the ‘in year’ depreciation - I’ve been poacher and gamekeeper on this stuff for years so know the cheat codes (as gamekeeper only obviously guvnor!) - if you have too then this ramble is for others benefit. One thing the above tweaks might suggest is front-loading player values to beat FFP in an early year and hoping promotion makes future years irrelevant, problem being you can’t keep doing it or you run out of years and it all collapses like a pyramid/Ponzi scheme

[swaledale]

Theres clearly more to this depreciation mullarkey than we’ve been told. Both straight line and ‘reducing balance’ (curved) approaches are widely used in accounting, but footballers offer a number of excuses for fiddling: using different depreciation in different circumstances, or to suit FFP: revaluing players with insufficient justification. Making contract lengths unrealistically long for older players to reduce the ‘in year’ depreciation - I’ve been poacher and gamekeeper on this stuff for years so know the cheat codes (as gamekeeper only obviously guvnor!) - if you have too then this ramble is for others benefit. One thing the above tweaks might suggest is front-loading player values to beat FFP in an early year and hoping promotion makes future years irrelevant, problem being you can’t keep doing it or you run out of years and it all collapses like a pyramid/Ponzi scheme

The thing is though, whatever the rights and wrongs of the player amortisation, the fact that Mel has been resorting to these practices, together with the sale and leaseback of the stadium, tells its own story, he has been pushing the boundaries of FFP and thats where I see his culpability lies.

Fine, he was the owner, he wanted to achieve promotion, he promised he would deliver this to the fans, BUT, he still has to operate within the EFL rules and within financial parameters. So yes Covid is a contributory factor, but in reality it has merely brought forward what would have been inevitable, he gambled his cash and the clubs future on promotion, he didn't succeed, now the clubs in the ****e! Thats down to his bad judgement and poor financial and I'd say operational management.

Yes fans may have salivated over the signings, though many took the view we were over paying for average players, but then Mel didn't say, look fans, I'm going to gamble the financial security of the club on getting promotion.

If he had said that, then many fans might not have been so keen to support what he was doing.

For me the guy has to take the blame, he was in charge and took a financially stable and viable club into administration.

[Rattea]

The thing is though, whatever the rights and wrongs of the player amortisation, the fact that Mel has been resorting to these practices, together with the sale and leaseback of the stadium, tells its own story, he has been pushing the boundaries of FFP and thats where I see his culpability lies.

Fine, he was the owner, he wanted to achieve promotion, he promised he would deliver this to the fans, BUT, he still has to operate within the EFL rules and within financial parameters. So yes Covid is a contributory factor, but in reality it has merely brought forward what would have been inevitable, he gambled his cash and the clubs future on promotion, he didn't succeed, now the clubs in the ****e! Thats down to his bad judgement and poor financial and I'd say operational management.

Yes fans may have salivated over the signings, though many took the view we were over paying for average players, but then Mel didn't say, look fans, I'm going to gamble the financial security of the club on getting promotion.

If he had said that, then many fans might not have been so keen to support what he was doing.

For me the guy has to take the blame, he was in charge and took a financially stable and viable club into administration.

You were one of the ones egging him on and decrying others efforts. Now you are to feckless to put your hand up and live by the sword and die by the sword.

Its sad because what Mel Morris has done to the club you have to this board with you inane drivel and constant contradictory posting. Muppet of the highest order!

[swaledale]

You were one of the ones egging him on and decrying others efforts. Now you are to feckless to put your hand up and live by the sword and die by the sword.

Its sad because what Mel Morris has done to the club you have to this board with you inane drivel and constant contradictory posting. Muppet of the highest order!

Ah the fake Rat! Well even when you were real you posted utter bilge and lies and the imposter seems to be no different!

I'd respond but really whats the point, when real you were an ignorant fantasist, with Clough Jnr being a good manager one of your best to date.

Quite how I egged Mel Morris to overspend and put the club into administration is puzzling, but then Rat was the expert at posting drivel.

Back on ignore anyway because thats what saw you off in the end nobody cared what you said.

[Rattea]

Ah the fake Rat! Well even when you were real you posted utter bilge and the imposter seems to be no different!

Back on ignore anyway because thats what saw you off in the end nobody cared what you said.

No you can't handle your nemesis that and and Ady have bith confirmed who I am .... do we need ti get Angry or Ramondo or Chris to do it as well.

In the style of Morris again you want to hide and say nothing. But you were the one saying how great he was and a wonderful business man and now here you are berating him. Same pattern of behaviour again and again. Admit you were wrong and posters like ramondonand myself were right or are you just jumping on the bandwagon again! 🤣🤣🤣🤣

[Andy_Faber]

and and Ady

Ironically I think THAT, more than anything, confirms you as genuine

[swaledale]

Ironically I think THAT, more than anything, confirms you as genuine

Except if I was operating the account, thats exactly what I would do! Still if it amuses the person perpetuating this hoax to continue far be it from me to spoil their fun.

The old rat had nothing useful to say and thi imposter has even less worth reading!

[ramAnag]

No you can't handle your nemesis that and and Ady have bith confirmed who I am .... do we need ti get Angry or Ramondo or Chris to do it as well.

In the style of Morris again you want to hide and say nothing. But you were the one saying how great he was and a wonderful business man and now here you are berating him. Same pattern of behaviour again and again. Admit you were wrong and posters like ramondonand myself were right or are you just jumping on the bandwagon again! ��������

C’mon Rats...this may not appeal to your ego but, as has been already been pointed out, nobody gives a duck who you are anymore...all that matters is what you say.
I’ve already conceded that five or six years ago the likes of you, Ramondo and Ella - now there were two excellent posters - have been proved right over Morris.
If you want your ‘pound of flesh’ from Swale go and get it elsewhere because there are already two posters on here who seem to be pursuing the same vendetta and frankly it’s excruciatingly tedious.
So...you’ve had plenty to say about Morris...and, to a large extent, been proved right...how about some thoughts on what’s to come next?

[swaledale]

No you can't handle your nemesis that and and Ady have bith confirmed who I am .... do we need ti get Angry or Ramondo or Chris to do it as well.

In the style of Morris again you want to hide and say nothing. But you were the one saying how great he was and a wonderful business man and now here you are berating him. Same pattern of behaviour again and again. Admit you were wrong and posters like ramondonand myself were right or are you just jumping on the bandwagon again! ��������

There is absolutely no point having a debate with a poster who tells obvious lies, pretends he is wise after the event and frankly was never anything other than an online egotist.

I mean nemisis, really? Oh dear what a sad little person.

[Trickytreesreds]

You were one of the ones egging him on and decrying others efforts. Now you are to feckless to put your hand up and live by the sword and die by the sword.

Its sad because what Mel Morris has done to the club you have to this board with you inane drivel and constant contradictory posting. Muppet of the highest order!

How dare you. Failnail, is always right.
A narcisstic, closet racist and champagne Mao. You will comply Ratty.