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10 hours ago, robboman said:

Does anyone actually know if we're unable to register players due to the pending takeover or is it due to funds?

I would assume financial. I'm happy to be proved wrong but I'm not aware of any case where The FA or EFL have put a club under embargo because they're due a takeover. The existing board may do it but not aware the league would 

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5 minutes ago, mcfluff1985 said:

I would assume financial. I'm happy to be proved wrong but I'm not aware of any case where The FA or EFL have put a club under embargo because they're due a takeover. The existing board may do it but not aware the league would 

 

 

https://www.efl.com/-more/governance/efl-rules--regulations/appendix-5---financial-fair-play-regulations/ 

 

By the second Friday in December each year, each Club must submit its Mid-Season SCMP Submission for the current Reporting Period. 

 

10            Consequences of Notification / Other Failure to Comply

10.1        A Club which:

10.1.1   does not file any SCMP Submission by the required date;

10.1.2   does not provide information where requested to do so by The  League; and/or

10.1.3   fails to fulfil the SCMP Requirement,

shall be subject to a Player registration embargo (the “Embargo”) such that The League shall refuse any application made by that Club to register any Player or any new contract of an existing Player with that Club save in the circumstances set out in Note 10.2.

10.2        The circumstances referred to in Note 10.1 are:

10.2.1   On a one out one in basis.  These will only be allowed where:

(a)            the Club’s registered playing squad is 24 or fewer registered Established Players (as defined by Note 10.3); and

(b)            the annual Employee Cost of the Player coming in is no more than 75% of the equivalent annual Employee Cost (as defined by Note 10.3) of the Player going out (calculated as an average over the term of the remaining period of both Players’ contracts, taking note of any contract cancellation payments where relevant);

10.2.2   Where the Club needs to offer terms of re-engagement to an Under 24 Player or offer professional terms to a Scholar for the purposes of maintaining compensation rights in respect of that Under 24 Player or Scholar (as applicable);

10.2.3   Emergency Goalkeeper Loan in accordance with the provisions of Regulation 55.

10.3        For the purposes of Note 10.2 only:

10.3.1   an Established Player is one who has made at least one competitive appearance in the starting eleven for that Club at any time; and

10.3.2   Employee Cost means the aggregate of the average annual:

(a)            basic salary (but excluding appearance fees and other bonuses e.g. promotion or loyalty bonuses);

(b)            pension payment; and/or

(c)            image rights payment,

for the respective Players.

10.4        The Embargo will be effective:

10.4.1   in the case of a Club which is in default of any obligation to provide information in accordance with these Guidance Notes, from the date of default until such time as the default is remedied to the reasonable satisfaction of The League; and

10.4.2   in the case of a Club which fails to fulfil the SCMP Requirement, until The League has been provided with the necessary information in order to be satisfied that the Club is no longer in breach of the SCMP Requirement.

10.5        For the avoidance of doubt, where the registration of any Player(s) will in the opinion of The League, acting reasonably, result in a Club failing to meet the SCMP Requirement, such registrations will be refused.

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4 hours ago, jorvik_latic said:

 

 

https://www.efl.com/-more/governance/efl-rules--regulations/appendix-5---financial-fair-play-regulations/ 

 

By the second Friday in December each year, each Club must submit its Mid-Season SCMP Submission for the current Reporting Period. 

 

10            Consequences of Notification / Other Failure to Comply

10.1        A Club which:

10.1.1   does not file any SCMP Submission by the required date;

10.1.2   does not provide information where requested to do so by The  League; and/or

10.1.3   fails to fulfil the SCMP Requirement,

shall be subject to a Player registration embargo (the “Embargo”) such that The League shall refuse any application made by that Club to register any Player or any new contract of an existing Player with that Club save in the circumstances set out in Note 10.2.

10.2        The circumstances referred to in Note 10.1 are:

10.2.1   On a one out one in basis.  These will only be allowed where:

(a)            the Club’s registered playing squad is 24 or fewer registered Established Players (as defined by Note 10.3); and

(b)            the annual Employee Cost of the Player coming in is no more than 75% of the equivalent annual Employee Cost (as defined by Note 10.3) of the Player going out (calculated as an average over the term of the remaining period of both Players’ contracts, taking note of any contract cancellation payments where relevant);

10.2.2   Where the Club needs to offer terms of re-engagement to an Under 24 Player or offer professional terms to a Scholar for the purposes of maintaining compensation rights in respect of that Under 24 Player or Scholar (as applicable);

10.2.3   Emergency Goalkeeper Loan in accordance with the provisions of Regulation 55.

10.3        For the purposes of Note 10.2 only:

10.3.1   an Established Player is one who has made at least one competitive appearance in the starting eleven for that Club at any time; and

10.3.2   Employee Cost means the aggregate of the average annual:

(a)            basic salary (but excluding appearance fees and other bonuses e.g. promotion or loyalty bonuses);

(b)            pension payment; and/or

(c)            image rights payment,

for the respective Players.

10.4        The Embargo will be effective:

10.4.1   in the case of a Club which is in default of any obligation to provide information in accordance with these Guidance Notes, from the date of default until such time as the default is remedied to the reasonable satisfaction of The League; and

10.4.2   in the case of a Club which fails to fulfil the SCMP Requirement, until The League has been provided with the necessary information in order to be satisfied that the Club is no longer in breach of the SCMP Requirement.

10.5        For the avoidance of doubt, where the registration of any Player(s) will in the opinion of The League, acting reasonably, result in a Club failing to meet the SCMP Requirement, such registrations will be refused.

 

Do you think Corney knows about this?

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As I have suggested on the takeover thread the problem with registration of players is likely to be financial on the assumption that Abdallah is in some way involved.  What is normally a form filling and document filing formality becomes much more complicated if there is third party involvement.  It could be SCMP but I don't think so.

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3 minutes ago, frizzell54 said:

 

Do you think Corney knows about this?

 

Yep. And there's nothing he can do as it's reliant on money coming in to increase the pot available. Corney doesn't have that kind of cash. The takeover happens then AL can inject funds (of which 100% can be used as it's classed as 'Football Fortune Income') - as it stands, I don't think he's allowed to invest significant sums until a takeover has happened.

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10 minutes ago, jorvik_latic said:

 

Yep. And there's nothing he can do as it's reliant on money coming in to increase the pot available. Corney doesn't have that kind of cash. The takeover happens then AL can inject funds (of which 100% can be used as it's classed as 'Football Fortune Income') - as it stands, I don't think he's allowed to invest significant sums until a takeover has happened.

What if AL was paying  ALL the wages already? Hypothetical question

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16 minutes ago, jorvik_latic said:

 

I don't think the rules allow it. If it was allowed and was happening, it could be accounted for as that fortune income and increase the SCMP limit.

Yes but what if it was happening?

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6 hours ago, jorvik_latic said:

 

 

https://www.efl.com/-more/governance/efl-rules--regulations/appendix-5---financial-fair-play-regulations/ 

 

By the second Friday in December each year, each Club must submit its Mid-Season SCMP Submission for the current Reporting Period. 

 

10            Consequences of Notification / Other Failure to Comply

10.1        A Club which:

10.1.1   does not file any SCMP Submission by the required date;

10.1.2   does not provide information where requested to do so by The  League; and/or

10.1.3   fails to fulfil the SCMP Requirement,

shall be subject to a Player registration embargo (the “Embargo”) such that The League shall refuse any application made by that Club to register any Player or any new contract of an existing Player with that Club save in the circumstances set out in Note 10.2.

10.2        The circumstances referred to in Note 10.1 are:

10.2.1   On a one out one in basis.  These will only be allowed where:

(a)            the Club’s registered playing squad is 24 or fewer registered Established Players (as defined by Note 10.3); and

(b)            the annual Employee Cost of the Player coming in is no more than 75% of the equivalent annual Employee Cost (as defined by Note 10.3) of the Player going out (calculated as an average over the term of the remaining period of both Players’ contracts, taking note of any contract cancellation payments where relevant);

10.2.2   Where the Club needs to offer terms of re-engagement to an Under 24 Player or offer professional terms to a Scholar for the purposes of maintaining compensation rights in respect of that Under 24 Player or Scholar (as applicable);

10.2.3   Emergency Goalkeeper Loan in accordance with the provisions of Regulation 55.

10.3        For the purposes of Note 10.2 only:

10.3.1   an Established Player is one who has made at least one competitive appearance in the starting eleven for that Club at any time; and

10.3.2   Employee Cost means the aggregate of the average annual:

(a)            basic salary (but excluding appearance fees and other bonuses e.g. promotion or loyalty bonuses);

(b)            pension payment; and/or

(c)            image rights payment,

for the respective Players.

10.4        The Embargo will be effective:

10.4.1   in the case of a Club which is in default of any obligation to provide information in accordance with these Guidance Notes, from the date of default until such time as the default is remedied to the reasonable satisfaction of The League; and

10.4.2   in the case of a Club which fails to fulfil the SCMP Requirement, until The League has been provided with the necessary information in order to be satisfied that the Club is no longer in breach of the SCMP Requirement.

10.5        For the avoidance of doubt, where the registration of any Player(s) will in the opinion of The League, acting reasonably, result in a Club failing to meet the SCMP Requirement, such registrations will be refused.

Cheers, Simon.

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1 minute ago, underdog said:

It's not allowed...may I ask why do you think it is?...genuine question thanks

 

Thats what I  was asking a genuine question. A further question would be where has the  money come from for foreign signings/wages?

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1 hour ago, pk200 said:

Thats what I  was asking a genuine question. A further question would be where has the  money come from for foreign signings/wages?

Both are good questions too....but typical latics fashion will we officially ever know? 

 

the current chairman does not have or seem to have had the financial sustainability of late, so we can only presume where money has been coming from

 

 

 

Edited by underdog
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18 hours ago, jorvik_latic said:

 

Yep. And there's nothing he can do as it's reliant on money coming in to increase the pot available. Corney doesn't have that kind of cash. The takeover happens then AL can inject funds (of which 100% can be used as it's classed as 'Football Fortune Income') - as it stands, I don't think he's allowed to invest significant sums until a takeover has happened.

 

I've been told we have special dispensation to run on something similar called Football Fortune Subsidy......

 

FFS......

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