Middlesbrough owner Steve Gibson fails in his bid to force independent review of Championship clubs finances
Middlesbrough owner Steve Gibson has been thwarted in his bid to force an independent review of Championship clubs finances.Gibson’s proposal was overturned by the ‘majority’ of the Championship following a six-hour meeting in Nottingham on Wednesday.6. Steve Gibson (Middlesbrough)2
Steve Gibson, middle, has failed in his bid to force an independent review of Championship clubs’ finances
Gibson is unhappy with the conduct of Derby County, Aston Villa and Sheffield Wednesday, insisting they could be breaching the profitability and sustainability rules by using unfair methods.One of the 61-year-old’s main grievances is that Derby owner Mel Morris was allowed to lease back the Pride Park stadium, thus ensuring the club recorded a profit in their 2017-18 accounts.During Wednesday’s meeting Gibson raised the prospect of the English Football League appointing accountants to review clubs finances. A senior executive present at the meeting, said: The EFL finance team did such a superb presentation on their processes and policies that everyone realised it was totally unnecessary to question their work and second-guess their FFP [Financial Fair Play] findings.Taking potshots at clubs accounts when on-field results go badly, if encouraged, will lead to a free-for-all which will bring the league into disrepute.Gibson was particularly unhappy that Mel Morris, left, was allowed to lease back the Pride Park stadium in the 2017-2018 season2
Gibson was particularly unhappy that Mel Morris, left, was allowed to lease back the Pride Park stadium in the 2017-2018 season
We all realised after discussion that we need to leave non-sporting matters to the EFL. It is right to let the authorities do their job and not have interference from people with ulterior motives.An EFL spokesman said: Championship Clubs met on Wednesday where there was a positive exchange of ideas on a number of different issues, including the Leagues Profitability and Sustainability rules.The long term sustainability of all EFL Clubs remains of paramount importance to the EFL Board and they will continue to work with Clubs in respect of the rules.Clubs were also reminded of the stringent processes undertaken in reviewing financial submissions and that in the event any Club is found to be in breach of the rules, they will be referred to an Independent Disciplinary Commission.
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