Liar Meire charged
It looks as if the lying, the incompetence, and sheer spitefulness has finally caught up with Katrien Meire.
Our ex-CEO left a similar role at Sheffield Wednesday in February, and is now back in Belgium as COO at Club Brugge, but her past is catching up with her and yesterday she was charged with misconduct by the EFL alongside Wednesday owner Dejphon Chansiri and CFO John Redgate.
The charges relate to the strange timing around the sale of Hillsborough to Chansiri for a very inflated price of £60m in 2017, yet the funds were included in the following year of account allowing the club to make a profit and noticeably avoid any EFL over-spending rules.
Ironically it was Financial Fair Play that first lured Meire’s old boss Roland Duchatelet to English football, but this rule, now entitled club profitability and sustainability means that Wednesday under the corporate watch of Meire managed to show a very small loss over three years thanks to the owner selling himself the stadium and then picking the year of account the proceeds went into.
Under the EFL rule clubs are only allowed to show a maximum loss of £39m over three years. Without the £60m pocketed from the stadium Wednesday’s losses would have exceeded £65m over a three year period.
The EFL are also interested in how the $60m was derived when compared to values of other stadiums such as Upton Park, which bang in the middle of London was sold for £40m.
Meire has always been out of Her depth, and has large tendencies of sycophancy. Her punishment would mean a ban from football, but of greater importance to Addicks is a potential points deduction for Wednesday. Birmingham were docked 9 points last season for failing EFL’s profitability and sustainability rules.
Owners of Aston Villa, Reading and Derby have all our sold their stadiums to themselves, and leased them back miraculously allowing them to meet EFL debt requirements.