Redemption
One less gobshite...
After 60 pages I conclude they don't think mitigation matters in the grand scheme of things.Yeah I just finished reading through the 60 page decision (a real page turner…). Can’t decide where it leaves us.
I think repeated references to “sailing close to the wind” can’t be helpful for our case, but the subsequent sales of Johnson and Mangala may be used as ammo in your break-even argument.
I would imagine they will be unwilling to accept Johnson as similar mitigation to that which Sheff Wed had, but may accept it as an example of prudent business.
I think we have more in our favour than Everton based on the findings, as we didn’t provide misleading info, we have subsequent sales with a view to long term financial health, we had a lower PSR target, we can argue against competitive advantages etc. All relies on what they are willing to accept as mitigation, if anything
They acknowledge Everton's mitigations but don't give them much weight as they're not exceptional.
And perhaps that's what they will conclude in our case too.