HoylandOwl Posted October 27 Share Posted October 27 Swfc under one according to John Percy for non payment to HMRC Quote Link to comment Share on other sites More sharing options...
HappyOwl Posted October 27 Share Posted October 27 Just when you thought it couldn’t get any worse 😡😡😡 Quote Link to comment Share on other sites More sharing options...
HoylandOwl Posted October 27 Author Share Posted October 27 It’s on the EFL website too https://www.efl.com/governance/embargoes/ Quote Link to comment Share on other sites More sharing options...
Beaconowl Posted October 27 Share Posted October 27 Oh FFS!!! 😣 Points deduction inbound Quote Link to comment Share on other sites More sharing options...
EBRA Posted October 27 Share Posted October 27 17.3 in full… Consequences of a Default Event. Without prejudice to the general position (pursuant to Regulation 44.4) that all registrations must be approved by The League, a Club which is subject to a Default Event shall be subject to a registration embargo such that it shall not be permitted to register any Player with that Club without the prior written consent of The League for the period that the Club is subject to a Default Event. 17.3A Regulation 17.3 will not apply where a Club suffers a Default Event due to the failure to discharge a COVID PAYE Liability and has entered into a Time to Pay Agreement and is compliant with the terms of that Time To Pay Agreement. For the avoidance of doubt, where a Club defaults on the terms of a Time to Pay Agreement, and such default results in all outstanding amounts becoming due to HMRC immediately, the Club shall remain subject to a Default Event until such time as the outstanding amounts are paid or included within any other Time to Pay Agreement. Quote Link to comment Share on other sites More sharing options...
EBRA Posted October 27 Share Posted October 27 1 minute ago, Beaconowl said: Oh FFS!!! 😣 Points deduction inbound No 1 Quote Link to comment Share on other sites More sharing options...
HoylandOwl Posted October 27 Author Share Posted October 27 If it’s paid by January we’ll be fine 1 1 Quote Link to comment Share on other sites More sharing options...
Beaconowl Posted October 27 Share Posted October 27 20 minutes ago, EBRA said: No Thanks Quote Link to comment Share on other sites More sharing options...
Neville Facking Bartos Posted October 27 Share Posted October 27 Stunning work Channers ffs Quote Link to comment Share on other sites More sharing options...
HappyOwl Posted October 27 Share Posted October 27 9 minutes ago, HoylandOwl said: If it’s paid by January we’ll be fine So what your saying is the total meltdown that is happening on certain social media sites at this very moment needs to calm down 😂😂😂 1 Quote Link to comment Share on other sites More sharing options...
Supercockle Posted October 27 Share Posted October 27 Just now, HappyOwl said: So what your saying is the total meltdown that is happening on certain social media sites at this very moment needs to calm down 😂😂😂 Basically yes. Let the haters enjoy their Friday though Quote Link to comment Share on other sites More sharing options...
Tank_Owl2,0 Posted October 27 Share Posted October 27 If you don’t have to pay a bill until Jan and it’s not stopping you sign players etc, why would you pay. I’m sure I must be missing a subtlety here, right? 1 Quote Link to comment Share on other sites More sharing options...
Neville Facking Bartos Posted October 27 Share Posted October 27 Just now, Tank_Owl2,0 said: If you don’t have to pay a bill until Jan and it’s not stopping you sign players etc, why would you pay. I’m sure I must be missing a subtlety here, right? All well and good until the winding up petition comes in. Also what if he can’t pay in January? Same shit different day for the last 5/6 years with Chumpsiri, Percy is right we need new ownership Quote Link to comment Share on other sites More sharing options...
HappyOwl Posted October 27 Share Posted October 27 1 minute ago, Tank_Owl2,0 said: If you don’t have to pay a bill until Jan and it’s not stopping you sign players etc, why would you pay. I’m sure I must be missing a subtlety here, right? Especially when you’ve just spent a load on paying off a manager and bringing in a new team? Quote Link to comment Share on other sites More sharing options...
Neville Facking Bartos Posted October 27 Share Posted October 27 3 minutes ago, HappyOwl said: Especially when you’ve just spent a load on paying off a manager and bringing in a new team? Did we pay him off, wasn’t he on a rolling monthly contract? Quote Link to comment Share on other sites More sharing options...
HappyOwl Posted October 27 Share Posted October 27 8 minutes ago, Neville Facking Bartos said: Did we pay him off, wasn’t he on a rolling monthly contract? Sorry yes I was being a bit flippant all be sorted soon I’m sure. I nearly got carried away on the Social media madness train. Soz Quote Link to comment Share on other sites More sharing options...
Billysboy Posted October 27 Share Posted October 27 Can someone more knowledgeable educate me on this. If we've got while Jan to pay said bill and we pay it by then, can we then sign players in JTW. Quote Link to comment Share on other sites More sharing options...
Reesh Posted October 27 Share Posted October 27 41 minutes ago, Neville Facking Bartos said: All well and good until the winding up petition comes in. Also what if he can’t pay in January? Same shit different day for the last 5/6 years with Chumpsiri, Percy is right we need new ownership As long as we are upto date with HMRC we wouldn't be under an embargo 2 Quote Link to comment Share on other sites More sharing options...
Supercockle Posted October 27 Share Posted October 27 44 minutes ago, Billysboy said: Can someone more knowledgeable educate me on this. If we've got while Jan to pay said bill and we pay it by then, can we then sign players in JTW. Yes. Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 27 Share Posted October 27 Am I missing the bit about January, where is that said. The last accounts albeit now way out of date showed a stupidly large, circa 9m debt IIRC. There was already time to pay arrangements for Covid debt - which should have been cleared by now. So if its that or new tax debts then it is deeply concerning. HMRC are not taking any prisoners at present. I appreciate there are plenty of Chansiri sympathisers on here, but frankly this is fucking shocking that 11 years after the last nonsense that risk is evident again Proof that Chansiri is no longer a fit and proper person to run this club 3 Quote Link to comment Share on other sites More sharing options...
Reesh Posted October 27 Share Posted October 27 2 minutes ago, mkowl said: Am I missing the bit about January, where is that said. The last accounts albeit now way out of date showed a stupidly large, circa 9m debt IIRC. There was already time to pay arrangements for Covid debt - which should have been cleared by now. So if its that or new tax debts then it is deeply concerning. HMRC are not taking any prisoners at present. I appreciate there are plenty of Chansiri sympathisers on here, but frankly this is fucking shocking that 11 years after the last nonsense that risk is evident again Proof that Chansiri is no longer a fit and proper person to run this club They are still thick as shit mind. Quote Link to comment Share on other sites More sharing options...
Neville Facking Bartos Posted October 27 Share Posted October 27 6 minutes ago, Supercockle said: Yes. That’s not known Reason we’re under an embargo is we were given 2 days to settle but didn’t Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 27 Share Posted October 27 Just now, Reesh said: They are still thick as shit mind. Been out so only just seeing this news so not read anything else But there is no defence for this And I get bored of some on here being apologists for his actions, blind to the fucking mess that has been created on and off the pitch. 4 Quote Link to comment Share on other sites More sharing options...
EBRA Posted October 27 Share Posted October 27 It’s depressing .. just hope we get statement from club before Sunday kick off clarify the details of the event .. similar to Luton from 2021. 1 Quote Link to comment Share on other sites More sharing options...
Greno Posted October 27 Share Posted October 27 It seems that we're back to the pre MM days. I look forward to seeing pics of Boywonder standing outside the court looking short. Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 27 Share Posted October 27 To give some numbers, the last accounts showed a tax debt due less than 1 year of £8.3m. This had moved from long term creditors in the 2021 accounts. Thus I suspect this is VAT as that was permitted to be deferred under the various covid schemes. PAYE generally wasn't. I don't get the "it will be fine if he pays by January". For starters we don't know the quantum owed. If he pays it then there is fuck all cash flow for signings anyway 🤷 Not one of the apologists seems concerned that amounts are overdue in the first place. A decently run business as no PAYE debt, no VAT debt etc. Its not good business practice at all to not pay these liabilities when they fall due. I accept there is no one out there with deep pockets ready to rescue the situation, but more and more the evidence is neither as Chansiri. The cynical me is now thinking the all rants on social media were engineered to create a fan reaction, to then justify "no more funds" when is it the reality there are "no more funds" Quote Link to comment Share on other sites More sharing options...
Reesh Posted October 27 Share Posted October 27 38 minutes ago, mkowl said: Been out so only just seeing this news so not read anything else But there is no defence for this And I get bored of some on here being apologists for his actions, blind to the fucking mess that has been created on and off the pitch. As I said elsewhere I find this alarming. But HMRC are Still ***** Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 27 Share Posted October 27 3 minutes ago, EBRA said: It’s depressing .. just hope we get statement from club before Sunday kick off clarify the details of the event .. similar to Luton from 2021. The reality is did Chansiri find £8.3m plus enough cash to run day to day operations over the last 12 months. Seriously and I will get slated for this, as and when season tickets go on sale in December any supporters need to grasp this money is totally unsecured and is simply disappearing into a hole. Quote Link to comment Share on other sites More sharing options...
EBRA Posted October 27 Share Posted October 27 5 minutes ago, mkowl said: To give some numbers, the last accounts showed a tax debt due less than 1 year of £8.3m. This had moved from long term creditors in the 2021 accounts. Thus I suspect this is VAT as that was permitted to be deferred under the various covid schemes. PAYE generally wasn't. I don't get the "it will be fine if he pays by January". For starters we don't know the quantum owed. If he pays it then there is fuck all cash flow for signings anyway 🤷 Not one of the apologists seems concerned that amounts are overdue in the first place. A decently run business as no PAYE debt, no VAT debt etc. Its not good business practice at all to not pay these liabilities when they fall due. I accept there is no one out there with deep pockets ready to rescue the situation, but more and more the evidence is neither as Chansiri. The cynical me is now thinking the all rants on social media were engineered to create a fan reaction, to then justify "no more funds" when is it the reality there are "no more funds" Could it be he’s not paying it and it needs to come from the club cash flow .. I.E. no more extra investment. 1 Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 27 Share Posted October 27 2 minutes ago, Reesh said: As I said elsewhere I find this alarming. But HMRC are Still ***** Yes the collection side is run by people you could happily punch, but genuinely how many of the clients that you work on are in arrears on the PAYE and VAT. Quote Link to comment Share on other sites More sharing options...
EBRA Posted October 27 Share Posted October 27 2 minutes ago, mkowl said: The reality is did Chansiri find £8.3m plus enough cash to run day to day operations over the last 12 months. Seriously and I will get slated for this, as and when season tickets go on sale in December any supporters need to grasp this money is totally unsecured and is simply disappearing into a hole. Most my cash goes into hole nowadays to be honest .. blew £300 watching us play at Watford after beer, travel and tickets Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 27 Share Posted October 27 4 minutes ago, EBRA said: Could it be he’s not paying it and it needs to come from the club cash flow .. I.E. no more extra investment. Well it always needed paying and this is old debt. It really as come to something that the Club is now in a more parlous state financially since the winding up orders Quote Link to comment Share on other sites More sharing options...
EBRA Posted October 27 Share Posted October 27 7 minutes ago, mkowl said: Well it always needed paying and this is old debt. It really as come to something that the Club is now in a more parlous state financially since the winding up orders Could be due to King Chulalongkorn Day delaying fund transfers ….. yep am clutching Quote Link to comment Share on other sites More sharing options...
KrolMong Posted October 27 Share Posted October 27 I’ve been told that a payment that was due this week to HMRC is late hence the embargo. We have 30 days to pay from the point of the late notice - if we fail to pay the embargo is enforced. 3 Quote Link to comment Share on other sites More sharing options...
Beaconowl Posted October 27 Share Posted October 27 What a massive distraction for everyone before the game against Toytown. Very disappointing Quote Link to comment Share on other sites More sharing options...
Snap Posted October 27 Share Posted October 27 Is there no end to this absolute depressing situation. It's just one thing after the other now, isn't there any way out. We turn up in numbers and support the club and team through thick and thin and we all deserve better. Especially whilst in the league position we're in, the Staff and Team shouldn't have to put up with this, they're lacking confidence enough and this will just worsen things. I was so looking forward to Sundays game (still am truth be known) and then we get this hammer blow which just deflates supporters, it has to have an influence on the players. God knows what Rohl and his staff are thinking. Fact is the bloke is skint and gaslighting with the "I'm not putting any more money in," because of the fans attitude. He hasn't got any. I've been searching the internet this evening in search of some positives, the lemmings on stalk as expected are all suicidal and searching the site for a DC supporter to pummel. So I thought i'd pop over here for some positivity and there seems to be a grim reality taking over even on here and that is bad news. The one comment that really hit home was from Twitter and pretty poignant and depressing, can't remember the blokes name or exact words now but it went along the lines of- "I've said it for sometime now, Chansiri has it in his head that if there's no Sheffield Wednesday and Dejphon Chansiri then there'll be no Sheffield Wednesday." I'd like to think the bloke who posted that is way wide of the mark, but I'm not so sure that he is. Quote Link to comment Share on other sites More sharing options...
Wollongong Owl Posted October 28 Share Posted October 28 F**k me at least you can wake up from a nightmare Quote Link to comment Share on other sites More sharing options...
Bellsview Posted October 28 Share Posted October 28 Just another example of how amateurish we are as a club. I’ve backed and supported Chansiri right up until he appointed Munoz, and this is a further reason to doubt and question whether he is a fit and proper person to run/own the club. It’s getting beyond a joke now and even I just wish he’d fuck off, but who out there would pay top dollar and be prepared to take on this shit show and what is fast becoming a total joke of a football club? Quote Link to comment Share on other sites More sharing options...
Chelters Posted October 28 Share Posted October 28 The club only pays two things to HMRC, PAYE/NI and VAT. For it to be VAT due earlier this month it would have been from 31 August quarter. It is entirely possible as that would be linked to the club still using the quarters from the old year end of May. Or it could just be last month’s PAYE. Or it could be old deferred amounts as mk points out. Anyway, this is clearly not a good development. The hope to cling on to is it just a short term thing and clears up over the next couple of weeks. Quote Link to comment Share on other sites More sharing options...
Chelters Posted October 28 Share Posted October 28 Also I think the reason some are talking about January is that no one cares about an embargo until then. Perhaps not realising the potential more serious consequences of all this. Quote Link to comment Share on other sites More sharing options...
Supercockle Posted October 28 Share Posted October 28 2 minutes ago, Chelters said: Also I think the reason some are talking about January is that no one cares about an embargo until then. Perhaps not realising the potential more serious consequences of all this. That’s where I was coming from. A combination that it’s a short term thing, that will be cleared up in the coming days or weeks and therefore not impact us in January. I’ll wait to see what happens but think it would be wise to make a statement before the game tomorrow, otherwise the action/inaction of DC will overshadow the game, which Rohl and the team absolutely don’t need at this point. 1 Quote Link to comment Share on other sites More sharing options...
Neville Facking Bartos Posted October 28 Share Posted October 28 33 minutes ago, Chelters said: Also I think the reason some are talking about January is that no one cares about an embargo until then. Perhaps not realising the potential more serious consequences of all this. We’ve 30 days to pay it or it’s likely we’ll see a similar punishment to Wigan who are banned from paying fees for 3 full windows Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 28 Share Posted October 28 9 hours ago, KrolMong said: I’ve been told that a payment that was due this week to HMRC is late hence the embargo. We have 30 days to pay from the point of the late notice - if we fail to pay the embargo is enforced. The point is this is not current debt, HMRC would not be on your case for missing the Sept wages PAYE payment. Probably not even the last VAT quarter. And for the EFL to move so quickly suggests we are "on watch" I don't really give a shit about an embargo, it's more whether Chansiri simply now has limited cash resources. Or is this him showing what he meant by no additional funding - I refuse to use the word investment for this, it is funding to cover trading losses nothing else. 13 years ago now but are we turning full circle, that is my immediate concern Quote Link to comment Share on other sites More sharing options...
Chelters Posted October 28 Share Posted October 28 3 minutes ago, mkowl said: The point is this is not current debt, HMRC would not be on your case for missing the Sept wages PAYE payment. Probably not even the last VAT quarter. And for the EFL to move so quickly suggests we are "on watch" I don't really give a shit about an embargo, it's more whether Chansiri simply now has limited cash resources. Or is this him showing what he meant by no additional funding - I refuse to use the word investment for this, it is funding to cover trading losses nothing else. 13 years ago now but are we turning full circle, that is my immediate concern The club has to self report if they miss a payment so it’s not necessarily due to HMRC taking action 3 Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 28 Share Posted October 28 1 minute ago, Neville Facking Bartos said: We’ve 30 days to pay it or it’s likely we’ll see a similar punishment to Wigan who are banned from paying fees for 3 full windows I understand this but the reality is if a Club is not paying its debts as they fall due, then whether we can be active in a transfer window seems to be the least of our worries. Indeed I suspect we have fuck all money to spend in the window 1 Quote Link to comment Share on other sites More sharing options...
Tylluan Posted October 28 Share Posted October 28 If this is a late payment then could it have just purely been missed as Dooley was leaving? If I owned a company and employed a COO then I'd be expecting them to be handling this sort of stuff. 1 Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 28 Share Posted October 28 Just now, Chelters said: The club has to self report if they miss a payment so it’s not necessarily due to HMRC taking action True but do any of us really know the current status of our tax payments. All very reminiscent of 2010 for my liking and is HMRC the next to be on our case ? The fact the 2022 accounts suggest we owed 8.3m notwithstanding that Chansiri will have funded losses of say 6m last year You know as an auditor this is one of the red flags Quote Link to comment Share on other sites More sharing options...
mkowl Posted October 28 Share Posted October 28 4 minutes ago, Tylluan said: If this is a late payment then could it have just purely been missed as Dooley was leaving? If I owned a company and employed a COO then I'd be expecting them to be handling this sort of stuff. Clutching at straws you don't forget stuff like this Quote Link to comment Share on other sites More sharing options...
EBRA Posted October 28 Share Posted October 28 7 minutes ago, Tylluan said: If this is a late payment then could it have just purely been missed as Dooley was leaving? If I owned a company and employed a COO then I'd be expecting them to be handling this sort of stuff. My feeling Alistair may not have the authority to sign the cheque or use the company credit card .. poor processes at the club which we know is the reality of D.C. management more than malevolence. Quote Link to comment Share on other sites More sharing options...
EBRA Posted October 28 Share Posted October 28 Just now, mkowl said: Clutching at straws you don't forget stuff like this Are you sure ?? DC processes and decision making delays have been proven poor on multiple occasions. 1 Quote Link to comment Share on other sites More sharing options...
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