I read on book face that we're getting a $30m loan from an American investment group, not sure I like the sound of "loan"
Seems an odd time for a man like Michael Dell to be connected with a $30m loan to DCFC with all the current doubts surrounding us.
I was quite reassured until mista mentioned Sunderland...hardly the shrewdest of ‘investments’ in recent times.
P.S. According to the DT it’s £30m NOT $30m which is....quite a lot.....more. Mind you, I’ve lost track of the number of totally unfounded rumours the DT has started about who we’re going to sign so who knows?
Last edited by ramAnag; 12-08-2020 at 06:29 PM.
Geoff the EFL are capable of anything ,they must be the most undemocratic incompetent management that sport has ever had .. This week they appealed to have there own sanctions they imposed on Macclesfield overturned
They handed Macclesfield a two point deduction on June 19th plus a suspended 4point deduction suspended ,which would only be activated if they broke Regulation 63.7.
But several clubs complained that it was to lenient So they bowed to pressure ,appealed to the Indipendent Panel and won ,they reversed the suspended points decision . That leaves Macclesfield in 24th position and drop to National League
The ELF will be making no further comment
So the ground the club no longer owns is now burdened with charges in favour of 2 lenders for close on 40 million, as is, on the face of it, every remaining asset in the group right down to the lockup in Dunton Close rented off the Gill boys.
I sense that when crowds are next allowed to attend matches, it could well be at the Dell Stadium. It's almost like Southampton have morphed into Derby....
.... and still no accounts filed.
We live in interesting times
Swales you are right the EFL makes the case to the Independent Tribunal that consists of a delegate from the EFL one from the club involved and a barrister with at least ten years experience . The panel tells the EFL of their decision and the punishment . The EFL can then appeal it if they don't agree ,as they did with Brum twice till the panel agreed they had made the wrong call .Every is actually stacked to make sure the ELF get the result they want.
A club has the right of appeal within 14days of any charge but in reality they have little to no chance of getting the punishment altered .
Section9 103.1 of the Arbitration agreement seems to say there is no appeal
103 Challenging the award ..
103.1 Subject to the provision of section 67and68 of the Arbitration Act the award shall be final and binding and there shall be no right of appeal ,review or recourse in or by a court, judicial authority or other arbitural body ,in so far as such waiver may validly be made
Leave that for the legal eagles on here to decide if it's worth any appeal if we're guilty