Efl egm

[MadAmster]

At the extraordinary EFL meeting earlier this week, it appears they made linear depreciation of player values a rule. Does that mean it wasn't a rule, previously? If it wasn't, why did DCFC get fined £100K and ordered to resubmit all accounts from the 15/16 season onwards which led to us exceeding FFP and getting a 9 point deduction? (see link below)

Did Mel vastly overspend? Yes.

Is that why we are now in Admin and saddled with a 12 point deduction? Yes.

Much of the blame for the current situation lies with Mel overspending. Spending roughly twice what we got in income. That is poor behaviour and we can't argue with the 12 points deduction for going into Administration. However, if linear depreciation of player values, as it seems, only became a rule this week, why did we get the £100K fine and instructions to resubmit amended accounts using linear depreciation as opposed to the sliding scale we had used since 2015? A method the EFL knew about from 2015 and never complained about until SG threatened them with a £100M+ lawsuit in 2019.

IMO, DCFC isn't totally innocent due to the vast overspend. However, if linear depreciation has only just become a rule, the club isn't as guilty as some would suggest.

https://www.efl.com/news/2022/februa...ionship-clubs/

[ramAnag]

At the extraordinary EFL meeting earlier this week, it appears they made linear depreciation of player values a rule. Does that mean it wasn't a rule, previously? If it wasn't, why did DCFC get fined £100K and ordered to resubmit all accounts from the 15/16 season onwards which led to us exceeding FFP and getting a 9 point deduction? (see link below)

Did Mel vastly overspend? Yes.

Is that why we are now in Admin and saddled with a 12 point deduction? Yes.

Much of the blame for the current situation lies with Mel overspending. Spending roughly twice what we got in income. That is poor behaviour and we can't argue with the 12 points deduction for going into Administration. However, if linear depreciation of player values, as it seems, only became a rule this week, why did we get the £100K fine and instructions to resubmit amended accounts using linear depreciation as opposed to the sliding scale we had used since 2015? A method the EFL knew about from 2015 and never complained about until SG threatened them with a £100M+ lawsuit in 2019.

IMO, DCFC isn't totally innocent due to the vast overspend. However, if linear depreciation has only just become a rule, the club isn't as guilty as some would suggest.

https://www.efl.com/news/2022/februa...ionship-clubs/

Where’s GP when we need him? MA’s point makes total sense to me but we’re mere laymen.

[Geoff Parkstone]

At the extraordinary EFL meeting earlier this week, it appears they made linear depreciation of player values a rule. Does that mean it wasn't a rule, previously? I would presume so

If it wasn't, why did DCFC get fined £100K and ordered to resubmit all accounts from the 15/16 season onwards which led to us exceeding FFP and getting a 9 point deduction? I dont know

Does this help?

[swaledale]

I've been puzzled by the alleged breach all along. But the arcane and complicated way in which the EFL runs things puzzles most.

Boro's Gibson was more upset about the stadium sale, which was approved. So the view that the EFL were determined to "get" Derby for something possibly due to Mel's attitude is a strong one. I really find the refusal to sanction the extension of existing players contracts puzzling, but then one does get the feeling they interpret the rules as they wish, or make things up as they go along!

[Ramshank72]

Mel, in my opinion, tried to be a clever dick, got it wrong, risked and damaged our club with devastating consequences in the process.
EFL, in my opinion, are a self-protectionist corrupt self-regulated regulatory organisation.
There's nothing more to question about this situation, I can sum it up without conjecture: A total **** job.
No prizes for guessing the blocked word!

[Geoff Parkstone]

Snow?

[MadAmster]

I received a reply to my email to the EFL asking if the fact that linear depreciation was only made a rule this week meant we had been wrongly accused and found guilty would mean we ought to get the 100K and the 9 points back. This is what they said....

Thank you for your further emails, we acknowledge your views.

In response to the points you raise, and in context with the statement issued by the EFL on 17 February, the EFL and its Clubs can discuss and vote to amend rules at any time, as they see appropriate. As clarified in the statement, the rule amendments follow a period of consultation and take into consideration a range of representations from Clubs, in the case of the Championship, requiring a two-thirds majority to be passed.

To clarify your point relating to Derby County’s accounting policies, an Independent Commission found that the Club did not comply with FRS102 and were subsequently fined £100,000. FRS102 is the principal accounting standard used in UK financial reporting. While this is the standard used, Clubs have agreed to add this extra level of clarification.

As a result of not complying with the standards and following a further review of the Club’s financial results, the EFL assessed that the Club had breached P&S Rules in three of the reporting periods up to and including Season 2020/21 once a revised, compliant policy of amortisation was adopted.

The Club accepted those findings and the breach of the relevant P&S Rules, with an ‘agreed decision’ leading to a nine-point deduction. All other decisions taken in respect of Derby County, and outcomes of the Independent Commission Hearings, can be accessed via the EFL website here.

Thank you for contacting the EFL.

[Geoff Parkstone]

"To clarify your point relating to Derby County’s accounting policies, an Independent Commission found that the Club did not comply with FRS102....."

Interesting then that the company's auditors signed off the accounts as being in accordance with FRS102, as did the initial "disciplinary" panel which included accountants.

Yet the appeals panel, with no accountants included, found they the accounts did not comply with FRS102.

Seems a bit like having blind lay people running VAR and overturning the onfield decisions of professional referees....