Latest Crisis

[thedoc]

Déja Vu – Oh no; it’s happening again!:

https://shrimplythebestfootball.com/202 ... ing-again/

[Billy bodger]

Interesting statement from the BODs in their Deja Vu ‘Who’s word isn’t their Bond’.

Unfortunately when the EFL ruled on the Reading FC debacle they came up with this beauty:-

“You can separate an Owner from the Club, but you cannot separate the Club from the Owner”

The EFL then fined the Owner for his failure in financial matters but also fined the Club, (found to have done nothing wrong), because of the Owner.

This happened to us also last year, the Bond Group failed to deposit money for wages which was paid late which the EFL deem is the Clubs fault!! and here we are again.

The EFL will take no notice of the Club, they will not act to suspended an Owner who I has once again demonstrated he is not a fit and proper owner. He has clearly failed to deposit the funds he agreed to at the beginning of the season for the cut off date for the payment of wages for the month of January.

The Club is right the EFL let’s Owners treat Clubs abhorrently, the Owner is toying with both the Club and the EFL and they do not act.

The EFL should suspended his ownership and take the Club under its jurisdiction for the rest of the season, giving the Club a chance to rectify the situation.

Then to help the Club the EFL should put it into administration and appoint an administrator to over see the sale of the Club.

It’s time to stop this ownership debacle and the EFL should not sit twiddling its thumbs as it has for 2+ years and punish the Club because of bad ownership.

[redrobo]

Like many others I've watched and digested the Radio Lancashire interview and the frustration on Rod's face and demeanour shows how much this crisis is having on him and no doubt his Board colleagues.

However and I'm possibly clutching at too many straws towards the end of the interview Rod did say that he has seen evidence that extra money is forthcoming possibly in time for DA to deal in the transfer market

Rod implies that the owner has secured additional funds which he will (if true to his word ) make available possibly before the weekend.

Question is will the additional funds assuming that they are made available satisfy the EFL enough to allow DA the where with all to do some business in this transfer window....

Like us all we are aware of previous promises that have been broken so don't build up ones hope just yet....

[Keith]

The EFL should suspended his ownership and take the Club under its jurisdiction for the rest of the season, giving the Club a chance to rectify the situation.

Then to help the Club the EFL should put it into administration and appoint an administrator to over see the sale of the Club.

It’s time to stop this ownership debacle and the EFL should not sit twiddling its thumbs as it has for 2+ years and punish the Club because of bad ownership.

I don't like the way you drive your car, so I'm going to take it away from you and sell it. And I don't like the way you mow your grass, so I am taking your house off you...

What legal powers do you think the EFL have that they aren't using?

[Billy bodger]

quote="Keith"]

The EFL should suspended his ownership and take the Club under its jurisdiction for the rest of the season, giving the Club a chance to rectify the situation.

Then to help the Club the EFL should put it into administration and appoint an administrator to over see the sale of the Club.

It’s time to stop this ownership debacle and the EFL should not sit twiddling its thumbs as it has for 2+ years and punish the Club because of bad ownership.

I don't like the way you drive your car, so I'm going to take it away from you and sell it. And I don't like the way you mow your grass, so I am taking your house off you...

What legal powers do you think the EFL have that they aren't using?[/quote]

Kieth, first of all I want to apologise for my post being unclear, I should have put ‘The EFL should “have the right to” suspend his ownership……..’

I however don’t agree with your analogy about talking about cars or grass, (If you follow your analogy the EFL should not have the power to stop a prospective new owner from buying a Club!!).

I’m talking about Football Clubs and the EFL Rules, so let’s stick to that please.

I do hope though you agree with me that the EFL are the guardians of the football and therefore it right they have a duty to protect it from bad owners taking over Clubs.

My thinking behind my post was that if the EFL have a process and rules that a prospective new owner has to pass to take over a football club, why are they not extended?

I personally think the EFL can choose to use the same rules to take a club off an owner and make them sell it, especially if it brings the league into disrepute or harms the sport. Indeed if I’m right they can use the rules to do that, but have never exercised that right.

You are probably right that would be fraught with legality issues, so why not tighten up the rules. It is definitely being proposed in the Governments Governance Bill (at the moment!!) and being looked into at the moment. Indeed a member of the Shrimps Trust gave evidence to the committee recently.

My thoughts are if they were already in place, when Jason got banned from being a Director of a Football Club he should have got banned from being an owner, at that point. Some may agree and some may differ and that fine,

If that had happened at that time and Morecambe FC had been taken under the protection of the EFL, while a sale took place involving arbitration, under the watchful eye of the EFL, it would have all happened while we were still in League One. Non of the last 2.5yrs procrastination under Whittingham ownership would have happened.

It will be interesting to hear what you think of the Football Governance Bill, Kieth, these are the kind of things that can protect the game and more importantly individual Football Clubs.

[Keith]

‘The EFL “should have the right to” suspend his ownership……..’

And if you had, I'd have been 100% in agreement.

It will be interesting to hear what you think of the Football Governance Bill, Kieth, these are the kind of things that can protect the game and more importantly individual Football Clubs.

Yup. Sooner the better. Don't know why the 'big clubs' are so opposed? I'm sure the Arsenal directors didn't have an ulterior reason for getting Starmer into the Directors' Box at Arse games?

[Billy bodger]

‘The EFL “should have the right to” suspend his ownership……..’

And if you had, I'd have been 100% in agreement.

It will be interesting to hear what you think of the Football Governance Bill, Kieth, these are the kind of things that can protect the game and more importantly individual Football Clubs.

Yup. Sooner the better. Don't know why the 'big clubs' are so opposed? I'm sure the Arsenal directors didn't have an ulterior reason for getting Starmer into the Directors' Box at Arse games?

Keith thanks for your honest rely, it is appreciated.

I will however never go to an Arse game

[fulwoodshrimp]

What I don't understand is why at this point in time the EFL are worried we don't have enough finance to see out the season. I thought we were going to collect around £350,000 shortly. That surely would be enough to pay wages for the remainder of the season? The club's finances seem very obscure!

[Billy bodger]

What I don't understand is why at this point in time the EFL are worried we don't have enough finance to see out the season. I thought we were going to collect around £350,000 shortly. That surely would be enough to pay wages for the remainder of the season? The club's finances seem very obscure!

Jason agrees the budget at the beginning of the season and he sets the amount he will fund the club for the year. This is paid monthly and has to be at the club at a set date each month. This pays wages amongst other things.

Jason has had history fulfilling that obligation, hence previous point deduction for late payment of wages.

When the Club contacted Jason to be given assurances he could deposit funds this January, he could not give them.

The money from Chelsea earlier this week was still unknown, never mind the Club receiving it off Chelsea yet.

The BOD took the decision not to bring in any more players in the transfer window, I can only presume to pay the wages, which is Jason’s responsibility.

That is my understanding, please feel free to correct me.