CAS judgement: UEFA ban overturned, City exonerated (report out p603)

[M18CTID]

I prefer this draw to one that has us against a Real/Bayern/Juve in the final. If we get there, we won’t be playing a team that’s won it before. That’s huge and we’re good enough to beat the others. We need to be, this is the CL. What the fuck do we expect?

I think some people expect the quality of the opposition to be on a par with the first couple of rounds of the FA Cup!

 

[domalino]

I prefer this draw to one that has us against a Real/Bayern/Juve in the final. If we get there, we won’t be playing a team that’s won it before. That’s huge and we’re good enough to beat the others. We need to be, this is the CL. What the fuck do we expect?

I think some people expect the quality of the opposition to be on a par with the first couple of rounds of the FA Cup!

If we're going to win it, I'd much rather it was by beating the champions of Spain, Italy, Germany and France than by knocking out Porto, Spurs and Shakhtar.

 

[hcblue95]

The real question is if it drops at 9.30 or 3.30 or some other random time.

Do we know for sure it's being released today?

 

[Centurions]

So today’s the day.

If not, it'll definitely be tomorrow.

 

[M18CTID]

So today’s the day.

No. Monday 13th July was the day ;)

I’m quite looking forward to it to be honest. Once this forum has picked through it, it should show a comfortable win for the club and an embarrassing defeat for UEFA. Whether the press report it that way is another matter.

If I’m wrong and the report shows we won on the tiniest of technicalities then fuck it - the piss boiling will hit hilarious new levels.

 

[EdersonsSmiley]

Strange that £60m is over the odds for an actual stadium on a sizeable piece of land but another club can apparently pay a fortune on planning a non existent stadium. Wonder who Wednesday have pissed off.

The value Wednesday sold it for is irrelevant, they are getting done because they sold it in one financial year and tried to put in on the books of the previous year to balance their books for FFP.

 

[cityzen81]

Do we know for sure it's being released today?

According to Prestwichblue the club were hopeful it would be released by Weds so by no means is it a dead cert.

The club may have no issues with it being released but I’m sure UEFA do and we are still not 100% if 1 party can stop the release of it or not. There seems to be a couple of conflicting rules and we are not sure what this would fall under

 

[MikeF]

After all this wait, I expect most of it being redacted!!

 

[petrusha]

Yeah, I heard a bit about this off a Wednesday fan back in March when we played them in the FA Cup. Can’t say I know the ins and outs but it revolves around them selling the stadium for £60 million (to the owners I think) and and they’re being accused of selling it at above fair value. If it’s deemed to be at an inflated price, the fair value is applied and depending on how big their losses are, it could lead to a points deduction of 9 points or more. A further points deduction could be applied if they’re found not to have assisted the EFL in their investigation (sound familiar?). The mad thing is that apparently the EFL encourages this type of deal as they changed the rules a few years ago to allow it, but it has to be at fair value. How do you apply a fair value to a football stadium though? Wednesday are a big club and if they got moving in the right direction and got to the Premier League then £60 million would be a bargain IMO.

A part of the issue for Wednesday as I understand it (which is based entirely on reading coverage of it in The Athletic, who have a dedicated SWFC correspondent) is not only the validity of the transaction but the timing of it. The sale took place during the 2018/9 accounting period but was backdated to 2017/8, though there seems to be no legitimate reason for doing that except that Wednesday would have failed FFP in 2017/8 without the sale. Thus, even if the Football League accepts the legitimacy of the transaction itself at that value, if it rules that the deal should have been reflected in the 2018/9 accounts, Wednesday have failed FFP for 2017/8 and will be sanctioned.

 

[bobmcfc]

It’s 09:32