by YorkshireRoyal99 »
10 May 2023 17:10
Fezza tmesis Fezza The issue throughout has been our owners. Sadly the EFL can't be docked points or relegated for continually failing to adequately do the fit and proper persons checks.
All they can really do it check on the legality of someone taking over, and request transparancy into the proposed funding of the clubs.
If they bar someone from buying a business that they have a legal right to buy, they could face costly lawsuits. The guy behind Zingarevich came out with that in the AlJezeera expose, and also showed how easy is was to get round transparency requirements.
None of our problems have anything to do with our owner being 'dodgy'. In terms of funding, we couldn't have hoped for a better owner. It's how that money has been spent that's the problem.
I see your point, but our issues didn't begin with DY, Zingarevich had no money of his own and seemingly shafted us on the parachute payments - this was the person that the EFL should never have allowed. The Thai consortium then sold of a number of our assets, leaving us in a perilous state. I'd agree that DY has, so far, been a relatively good owner in terms of what he has invested into the club and has been massively let down by his advisors and the people he has employed to structure the club.
It wasn't just the EFL who sanctioned this deal, it was the PL as well. There is more of an argument towards the Dai's taking over as they were blocked of taking over Hull City (then a PL club) and the PL said they were "cautious" about the Dai's taking over ourselves. It seemed they failed the PL's fit and proper person's test at the time.
That's where I have less sympathy for the authorities. They were not cleared to takeover someone in the PL, but the EFL were also quite happy to let them buy us? Yet now we, as fans, have to sit here and suffer because of their mismanagement of the club and are now a league lower and even further in debt? Thanks for investing significant amounts, but they've had a history of throwing it about in the wrong place so they obviously haven't learnt from their past mistakes.