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Author Topic: NSWE Investment  (Read 149042 times)

Offline ChicagoLion

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  • Location: Chicago
Re: NSWE Investment
« Reply #1620 on: February 15, 2020, 11:36:24 AM »
You would hope that they used 2 professional valuers and standard practices were used.
What would happen if we are in Championship Breach, does this only matter if we are back in the Championship?

Offline Brassneck

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Re: NSWE Investment
« Reply #1621 on: February 15, 2020, 11:44:14 AM »
The valuation seems fair to me - Although I'm nowhere near an expert.  I base this on Derby valuing their stadium at around £70 million and reading somewhere that the EFL revalued it at around £49 million.  Ours was valued at around the £55 million mark I believe.

It has also been reported that the EFL and PL have amalgamated in terms of FFP issues, which if true means that the PL can implement sanctions for breaches that occurred in the Championship.

Like you, I'm fairly confident that our executive committee knew what they were doing.

Offline ChicagoLion

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  • Location: Chicago
Re: NSWE Investment
« Reply #1622 on: February 15, 2020, 11:54:52 AM »
An important aspect will be the rent that the club is paying, if this is not deemed commercially viable then they may have a problem.

Offline Nii Lamptey

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Re: NSWE Investment
« Reply #1623 on: February 15, 2020, 12:27:08 PM »
It's the wages that are the problem.  Or at least they were whilst we were in the Championship.

Our current FFP problem appears to revolve around the ground sale.  If my understanding is correct, the PL haven't passed off approval of this transaction.  The EFL have questioned the valuation that both Derby & Sheff Wed put on their grounds when they were sold and in Wednesday's case, they have been charged with misleading the EFL with the valuation.  If it were to do the same with us and place a lower value on the ground, we would almost certainly fall foul of FFP for the 3 year period that we were in the Championship.

Villa Park is a priceless asset, so we should never fall foul of FFP imo.  ;)

On a similar note, a West Ham Fan twitter account posted this after the news that we'd be hosting England's warm-up game against Romania. Seems it's well respected across the country... and rightly so!

https://twitter.com/WestHam_Central/status/1228375348225695744?s=20



Offline Demitri_C

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Re: NSWE Investment
« Reply #1624 on: February 27, 2020, 12:40:10 PM »
Do we have anything to be worried about ? No idea what this means any accountants here?






Offline sid1964

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  • Location: Dudley, not far from the Castle
Re: NSWE Investment
« Reply #1625 on: February 27, 2020, 12:45:07 PM »
Have we fallen foul of FFP and are trying to avoid any fine / points deduction?
if we are relegated will the football league soon be imposing a points deduction?

Offline Risso

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Re: NSWE Investment
« Reply #1626 on: February 27, 2020, 12:54:38 PM »
As the tweet says, if you shorten your accounting period, you get effectively get an extra 3 months to prepare the accounts.  Educated guess, but with the arguments over the value of the stadium, it may be proving difficult to have them signed off.

Offline Demitri_C

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Re: NSWE Investment
« Reply #1627 on: February 27, 2020, 01:02:02 PM »
As the tweet says, if you shorten your accounting period, you get effectively get an extra 3 months to prepare the accounts.  Educated guess, but with the arguments over the value of the stadium, it may be proving difficult to have them signed off.

That makes sense. Lets hope it is that and nothing more sinister. If we fail under ffp in pl then get relegated the efl are going to have absolutely demolish us

Offline ChicagoLion

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  • Posts: 10306
  • Location: Chicago
Re: NSWE Investment
« Reply #1628 on: February 27, 2020, 01:04:39 PM »
Itís pretty worrisome, if that is the case.
Another reason why Relegation would be catastrophic.

Offline Drummond

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Re: NSWE Investment
« Reply #1629 on: February 27, 2020, 03:47:21 PM »
It would mean it takes it into next season before the reporting rather than in the close season.

Offline Demitri_C

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Re: NSWE Investment
« Reply #1630 on: February 27, 2020, 08:31:30 PM »
It would mean it takes it into next season before the reporting rather than in the close season.

I fear the losses are going to be astronomical

Online Sexual Ealing

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  • Posts: 8216
  • Location: West West Ealing
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Re: NSWE Investment
« Reply #1631 on: February 27, 2020, 08:40:21 PM »
It would mean it takes it into next season before the reporting rather than in the close season.

I fear the losses are going to be astronomical

You do surprise me.

Offline Risso

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  • Location: Northants
  • GM : 28.02.2021
Re: NSWE Investment
« Reply #1632 on: February 27, 2020, 10:06:21 PM »
He's probably right though.

Offline pauliewalnuts

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Re: NSWE Investment
« Reply #1633 on: February 27, 2020, 10:20:30 PM »
It would mean it takes it into next season before the reporting rather than in the close season.

I fear the losses are going to be astronomical

I bet you're wanking yourself into a frenzy at the very thought of all the doom it would involve.

Offline eamonn

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  • GM : 26.07.2020
Re: NSWE Investment
« Reply #1634 on: February 27, 2020, 10:27:08 PM »
I thought Hilts banned hate-wanks after the Southampton game.

 


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