To be honest. Nothing would surprise me any more.
I can understand the outside view about it being dodgy, but it isn't/wasn't against the rules to sell the stadium at a value that was deemed fair by an independent valuation and several clubs have done so in the past.
The EFL are arguing that our accounting practices aren't the same as others due to the amortisation process we use that adjusts residual values in a non-linear way. A practice that is common throughout business, but because other football clubs don't seem to use it, the EFL have deemed it as a dodgy way of getting around their ridiculous FFP regulations.
These are the same regulations that allow clubs relegated to make record losses for 3 years as they struggle to get back into the Prem and bumps up all the market prices for other teams wanting to make a push for promotion in the division.
We were cleared by an independent panel back in September, but the EFL have chosen to appeal our accounting setup and not the stadium sale, because they don't have another leg to stand on. I believe, the rumour is, that the EFL have won the appeal against the accounting practices but it's yet to be decided what the punishment is.
Looking at the laws and reading several different interpretations of it, I don't think a points deduction can be handed out over the use of a different accounting practice and if it does then it is unlikely to be subtracted from this seasons points tally. The sensationalist headlines will point to us being possibly relegated, but I sincerely hope that is not the case.