EFL Meeting

8 minutes ago, gypsyowl said:

it's getting even worse now it's colder.

That's why they let you drink pitchside

17 minutes ago, wellbeaten-the-owl said:

Well might as well shut up shop because EFL have killed us with their stance in the fee restriction if new owner comes in.  

 

Nobody will buy us with that in place, who spend millions on a business you are banned from investing in the main part of for 2 years. 

 

It's an absolute disgrace, this lies at owners door not the fans that will suffer most in long term.

They said it could be appealed didn't they?

Just now, owls101 said:

They said it could be appealed didn't they?

And then pointed out the 3 reasons why it wouldn't be removed, point is the outcome of that appeal has a huge impact on the value of the club and attractiveness to purchase.

Like buying land without planning permission there's uncertainty that will put off buyers.

I'm not entirely sure, at this stage, what the EFL can do. Yes we all want them to do something, but they have to abide by their own legislation. They are probably on a very sticky legal wicket right now. They aren't the law (we might think and want them to be) but the upholders of it. 

I don't know what constitutes a breach of regulation (in our situation), but I would imagine on a finacial basis, it would be non-payment, not late payment, of staff. And non-payment probably won't be just one month either, but several. Late/non-payment to HMRC is probably outside of the realm of what the EFL control. 

All that the we/The Trust can do is to keep up the pressure, in whatever legal, non-confrontational/aggressive way we can. 

3 minutes ago, gypsyowl said:

But if he gets to January, he'll get early bird money, even if a lot less than normally, He'll sell Charles and Bailey and he'll get next installment of TV money

Probably, but then what? That'll keep him going until April and next installment isn't until August. We know he'll get pennies for Charles and Bailey. Charles will go anyway next summer as he won't be a League One goalkeeper and will have a year left on his contract.

He can keep living hand to foot, but it eventually catches up with him. As it says in the notes, the monthly money is less that outgoings currently. He's just going to keep going further and further into the red. What happens when all of our investments have been sold?

I'm still adament he'll be gone at some point this season

6 minutes ago, HandsworthOwl said:

That's that then, on the pitch, every game, get the lot abandoned.

Did you not read the bit about kicking us out of the league if we did that 

I still maintain my long held belief that this drags on for years.

2 minutes ago, wellbeaten-the-owl said:

And then pointed out the 3 reasons why it wouldn't be removed, point is the outcome of that appeal has a huge impact on the value of the club and attractiveness to purchase.

 

Like buying land without planning permission there's uncertainty that will put off buyers.

I get what you're saying but given they knew that the minutes would be published this is exactly what I would expect them to say.

3 minutes ago, royalowlisback said:

I still maintain my long held belief that this drags on for years.

This.

It feels like we are in uncharted territory here. We are far from bottoming out. The question is, just how far will we fall?

2 minutes ago, owls101 said:

I get what you're saying but given they knew that the minutes would be published this is exactly what I would expect them to say.

You do have to pray that what they are telling potential buyers in confidence may be slightly different, regarding sanctions being relaxed.  But from what Textor said, and those who can't be named on here anymore, it sounds like its one of the main things putting people off spending £40m+ to buy the club.  

30 minutes ago, Deepcar_lights said:

Anyone else completely bored of it?

 

 

Yes, we need to become the worst supported club in all the football leagues home and away.

6 minutes ago, wellbeaten-the-owl said:

Did you not read the bit about kicking us out of the league if we did that 

Yes.... and??

3 minutes ago, Southie_Owl said:

 

You do have to pray that what they are telling potential buyers in confidence may be slightly different, regarding sanctions being relaxed.  But from what Textor said, and those who can't be named on here anymore, it sounds like its one of the main things putting people off spending £40m+ to buy the club.  

It's obviously going to be.

This could kill the club, there's a massive difference having a fee restriction for that period of time with a stacked academy and full squad, but with hardly any senior professional players and a couple of kids that'll likely leave soon anyway we're not a viable option for any serious buyer at any price 

16 minutes ago, London_Owl said:

 

Probably, but then what? That'll keep him going until April and next installment isn't until August. We know he'll get pennies for Charles and Bailey. Charles will go anyway next summer as he won't be a League One goalkeeper and will have a year left on his contract.

 

He can keep living hand to foot, but it eventually catches up with him. As it says in the notes, the monthly money is less that outgoings currently. He's just going to keep going further and further into the red. What happens when all of our investments have been sold?

 

I'm still adament he'll be gone at some point this season

This is Chansiri we're talking about, he doesn't think or plan for the future!

None of it makes sense why he's still here when he clearly cannot afford it, it's in black and white from the EFL.

He has to sell, but he won't. We're going to rot until HMRC, IFR or club creditors can do something to remove him.

Who knows when that will be, but I'd be very surprised if it's this year and I'm not expecting it to be this season either.

10 minutes ago, wellbeaten-the-owl said:

It's obviously going to be.

 

This could kill the club, there's a massive difference having a fee restriction for that period of time with a stacked academy and full squad, but with hardly any senior professional players and a couple of kids that'll likely leave soon anyway we're not a viable option for any serious buyer at any price 

Indeed this is what i was saying yesterday,  other EFL clubs can be annoyed if our sanctions are reduced/relaxed, but we are on the verge of extinction.  

As you say, this isn't like a typical situation where a club has a full playing squad of senior players, and gets hit with a points deduction.  Whilst its owners are paying wages & bills etc. 

Our present owner is putting no money into the club and its going to die.  We need all the football community to appreciate we need help here.