But Watford has exploited a gaping loophole in the regulations: Players on loan from non-English teams count as regular transfers rather than loan signings.

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But the RPI can be gamed: Four of the Mountain West's five tournament teams played non-Division-I opponents, which don't count in the RPI and thus don't hurt their rankings.

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But, as Mr Gordon has shown, in non-durable manufacturing, where you can count the output, this has not happened.

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And Black was convicted of accepting a non-compete payment where the court found strong evidence of fraud as well as another count of interfering with a grand jury investigation by removing boxes of documents from his offices.

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