Burnley Case

[Librarian]

Crying

 

[st.domingo]

Note that the interest payment is a ‘minimum of 9m’ meaning that if we appeal and drag it out then it continues to accrue

Alright. I saw the BBC mentioned 35m as a total sum.

*scribbles on pack of Embassy filters*

35m - 9m = 26 m

35m / 26m = 1.346

… or nearly 35% in interest that they are charging here?

The interest has been accruing roughly three years, right? So let’s calculate the annual rate, which would be the cubic root as it’s divided by three.

= ∛ 1.346
= 1.104

So they are charging us more than 10% pa interest on the principal?

‘Koff.

 

[Swartzy]

If they hadn't sacked Dyche, we wouldn't have ended up with him.

They owe us..

 

[Bedfordblue]

Details of our legal representation are coming out now, apparently Moyes thought he could sort this out on his own, telling the Friedkins ‘there’s nay Silk as super me, ye ken?’
Can’t this stain just leave the experts to do their jobs ffs? He loves a round peg in a square hole.

 

[ford_uk]

Meanwhile 115 charges have just dropped an 120M bid in on that Anderson.

 

[Librarian]

Alright. I saw the BBC mentioned 35m as a total sum.

*scribbles on pack of Embassy filters*

35m - 9m = 26 m

35m / 26m = 1.346

… or nearly 35% in interest that they are charging here?

The interest has been accruing roughly three years, right? So let’s calculate the annual rate, which would be the cubic root as it’s divided by three.

= ∛ 1.346
= 1.104

So they are charging us more than 10% pa interest on the principal?

‘Koff.

Yes 11.81% interest which continues to run so about 250k per month, and we appeal it then we are adding a 1/4 of a million per month to the bill until the next verdict

 

[Rita_Poon]

This makes Burnley look so so bad.

Quasimodo eventually gave up going the gym and the hairdressers...

 

[Librarian]

Yes 11.81% interest which continues to run so about 250k per month, and we appeal it then we are adding a 1/4 of a million per month to the bill until the next verdict

It’s effectively a fine for appealing

 

[st.domingo]

Yes 11.81% interest which continues to run so about 250k per month, and we appeal it then we are adding a 1/4 of a million per month to the bill until the next verdict

gonna be interesting to say the least to see how our Texan heroes handle this one

 

[Bedfordblue]

Yes 11.81% interest which continues to run so about 250k per month, and we appeal it then we are adding a 1/4 of a million per month to the bill until the next verdict

Soon be cheaper for a Texan Dan to just buy them and liquidate them.
That would be absolutely glorious.

 

[RomanReigns]

Yes 11.81% interest which continues to run so about 250k per month, and we appeal it then we are adding a 1/4 of a million per month to the bill until the next verdict

Use the Gordon money as collateral for the interest and appeal costs

 

[davek]

Don't we have some sort of arrangement with a law firm?

View attachment 356637

They're too busy harassing patients who make complaints about the NHS.

 

[Simo]

Bad news keeps coming.. blue doughnut price increase incoming

 

[Seathestars]

I've never mentioned him on here before but my cousin is a lawyer, his name is Vinny and I've just put TFG in touch with my cousin Vinny

 

[HalfTimeSayers]

So to summarise the basis of appeal, Burnley had already been relegated BEFORE our accounting period ended, so we could have sold a player (or a women’s team) at any point before the 30th June and we wouldn’t have breached.

The fact we didn’t sell a player is weirdly irrelevant. The point is that at the time Burnley went down, we hadn’t yet breached anything. Any club could run the season way in excess of the PSR losses limit, then, for example, sell a striker on the last day of June. Perfectly allowed.

Makes a mockery of the whole “sporting advantage” nonsense. If you sell that striker on 30th June, you don’t breach and thus had no advantage via cheating. If you don’t sell the striker, you do breach and get sued for having a sporting advantage, when in both cases you had exactly the same squad throughout the entire season.

The beautiful game.