The HSBC Letter

Discussion in 'The Hornets' Nest - Watford Chat' started by PSYCHO 1, Oct 24, 2016.

  1. Smudger

    Smudger Messi's Mad Coach Staff Member

    At the very most the likely outcome is a slap on the wrist. Nothing to be overly concerned about.
     
  2. Nnnn

    Nnnn First Team

    Unless there is more to come out that we don't yet know, I make you right
     
  3. TheDon

    TheDon First Team

  4. onion8837

    onion8837 Reservist

    Pathetic
     
  5. UEA_Hornet

    UEA_Hornet First Team Captain

  6. I Blame Pozzo

    I Blame Pozzo First Team

    Oh dear!

    I think that reporter should stick to salmon!
     
  7. magic

    magic Statto & Vordamen's lovechild

    Its absolutely ridiculous!
     
  8. Optimistichornet

    Optimistichornet Penguin Assassin

    [video]https://m.youtube.com/watch?v=CVS1UfCfxlU[/video]
     
  9. hornetboy1

    hornetboy1 First Team Captain

    The Telegraph are on a crusade to expose football. They've already got rid of the England manager, and have unsurprisingly picked on Watford for their next target.

    I hope their own entrapment and deliberate planting of items within clubs is also exposed, and that will be an even bigger story.

    Are the Telegraph run by media mogul Elliot Carver?
     
  10. HELGO

    HELGO Reservist

    I'm suprised at how many think a points deduction won't happen. It's probably the only punishment they can hit us with if they conclude that something wrong has been done. A financial fine would probably not make too much of a dent. Being kicked out of the FA and EFL cups isn't that much of an issue. Only big hit would be points and a minimum of 10 of them.
     
  11. Nnnn

    Nnnn First Team

    Mainly because the EFL have got nothing whatsoever to do with the Prem
     
  12. HELGO

    HELGO Reservist

    But all part of the FA and they could get involved, couldn't they?
     
  13. UEA_Hornet

    UEA_Hornet First Team Captain

    That isn't a proper consideration for a disciplinary commission to make and we would surely successfully appeal if they did.
     
  14. Nnnn

    Nnnn First Team

    Even if the offense is proved to be serious enough, which it won't be, The Prem have never docked points for something that happened outside of their competition. We've not broken any Prem rules & there's no precedent so I think it would be extremely dubious legally. And anyway I doubt they are that bothered about that something that happened 4 years ago in another competition. The only people talking up a points deduction are the press, trying to blow it up into a big story, & fans of other clubs who (obviously) would love it.
     
  15. Aberystwyth_Hornet

    Aberystwyth_Hornet Squad Player

    Don't disagree with you with regards to the overall sentiment but a few corrections. The matter actually relates to the takeover 2 and a bit years ago prior to our season which culminated in promotion to the premier league. It could also be argued that the takeover gave us an advantage. Also, I think UEA means that if we have broken FA rules, they may impose any points deduction.
     
  16. wfc4ever

    wfc4ever Administrator Staff Member

  17. Harrow Orn

    Harrow Orn Squad Player

    They clearly don't like us. I really hope we escape any sort of significant punishment and continue to get 'lucky' in the league. May shut em up for a while.
     
  18. Since63

    Since63 Squad Player

    Whatever punishment is imposed (by whoever imposes it) has to be "proportionate" to the offence committed. If either the EPL or FA, for whatever reason, decide that a points deduction is warranted, I would be intrigued to see how "proportionate" that would be deemed by the CAS, which is where, I am sure, Gino would take the case if he had to.
    As long as the HSBC letter is the only thing uncovered, then I do not see how anyone could consider a points deduction "proportionate".

    However, in a rare manifestation of agreement with zztop, I am not as sanguine as many on here about the fact that nothing else will come out.
    If the confirmation of funds was required to clear the way for an "internal transfer of control" within Hornets Investments, why the need for the rush to meet a deadline? Such a transfer could happen at any time, I would think, and still be subject to the same EFL approval. So why not wait until the correct paperwork was received? I do not see why waiting an additional month to effect the internal transfer of control would have made a lot of difference.

    Another thing that seems odd is "Mr X"'s claim that he "did not expect the letter to be used in any formal submissions." Then why create a letter at all?

    It's all so bizarre.
     
  19. Norwayhornet

    Norwayhornet Squad Player

    Totally agree, unless of course Mr X was paid by the Telegraph , if so the ramifications of that could prove highly interesting.
     
  20. UEA_Hornet

    UEA_Hornet First Team Captain

    It certainly is, although we're currently only hearing it through the medium of a newspaper who have a different set of priorities to a truly independent investigation. I imagine that results in their agenda taking precedence over everything else, particularly when it comes to asking difficult questions of Mr X like your last one.
     
  21. Otter

    Otter Gambling industry insider

    Unlikely, the Telegraph would then be complicit in committing fraud, the club would effectively be in the clear and only the EFL would look silly for not having verified the original letter.
     
  22. Lloyd

    Lloyd Squad Player

    Are we being investigated by the same Football League that in the recent past have approved our own Baz, the Wenkys at Blackburn, the Italian hood at Leeds (whose name I can't remember) and many, many more as a 'fit and proper' people to buy a football club? While I understand that forgery and fraud are serious offences (and the person or persons who came up with the idea of producing the note from HSBC are guilty of, at best, a grave error of judgement) this is such a minor bending of the rules that I find the League's bluster pathetic. I have also cancelled my subscription to the Telegraph - although having just read the Guardian, I will renew it again from tomorrow
     
  23. Happy bunny

    Happy bunny Cheered up a bit

    You wouldn't have enjoyed Saturday's Times either, Lloyd.

    Full-page article illustrated by a West Ham picture. The thrust of it was that authority is divided between the FA, Prem and EFL and none of them enforce the rules properly. Hard to argue with that.

    It started with the HSBC letter and went on to cover hooliganism at the "London" Stadium and QPR's apparent avoidance of any punishment for breaching FFP rules when they got promoted to the Prem, asking if this has been quietly forgotten now they're back in the Championship. It then returned to Watford, alleging that we broke FFP rules to get promoted too.

    The Watford part of the story is the newest, but I think it got excessive coverage in comparison with the lack of action over West Ham's hoolies and the absence of any apparent follow-up to QPR's proven misdemeanour. Our case, or cases, still ongoing, so no point in complaining about the outcome.
     
  24. UEA_Hornet

    UEA_Hornet First Team Captain

    Do you have the exact quote? Only ask as the bit in bold certainly wasn't true at the time. It was Bournemouth who flouted FFP that year and I wonder if they've got confused.
     
  25. Moose

    Moose First Team Captain

    Ok, so we may be investigated for not being able to prove we had enough money and for spending too much at the same time? Awesome.
     
  26. Norwayhornet

    Norwayhornet Squad Player

    Exactly what I was thinking , if it did go that way would be highly entertaining , its not as if a journalist hasnt used dodgy methodology to get a story before !
     
  27. Aberystwyth_Hornet

    Aberystwyth_Hornet Squad Player

    Being investigated by City of London police now. Surely that will be against Mr X who acquired it, regardless of what they thought it would be used for?
     
  28. molly

    molly Reservist

    Did anyone ever come up with a decent theory as to why anyone would go to all the trouble of creating the letter if they genuinely didn't think it would ever be used? (Other than that they're lying, obviously).
     
  29. Guy

    Guy Squad Player

    we're not from London we're from Watford Hertfordshire comes to mind
     
  30. Nnnn

    Nnnn First Team

    There's a maximum 5 year jail sentence for any small club being above Utd after 10 games. Manchester Police investigating.
     
  31. Nnnn

    Nnnn First Team

    The police press office are saying the story is bollox apparently. The Telegrass have given them the documents but they are not currently investigating.

    Update: Sky Sports News have now deleted all tweets relating to this latest "story"
     
    Last edited: Oct 31, 2016
  32. UEA_Hornet

    UEA_Hornet First Team Captain

    I think at this stage it's just a perfunctory response from a police force probably getting daily enquiries from the Telegraph and pals who are keen to keep the story alive. It certainly doesn't indicate a full blown criminal investigation has been launched.

    Of course if the police do end up getting involved it will see any FA/EFL action take a back step.
     
  33. Teide1

    Teide1 Squad Player

    What league do the met police football team play in now?
     
  34. Moose

    Moose First Team Captain

    Yes, the threshold for Police fraud investigations is very high, at least 7 figures of loss normally. In saying that, it's rare to kick off knowing you have a definite forgery.
     

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