6 + 2 Point Deductions

[Iana]

Thanks bud. That's the reply I was hoping for !!

You set them up and I’ll score them!

 

[Neiler]

Not sure that’s right at all.

Theres absolutely no doubt that the 10 point deduction is draconian but let’s assume it sticks , Which I don’t think it will.

First we don’t know what the 22/23 numbers are but again the written reasons suggest that the losses for will be greater than 21/22 but by how much is the question and then how that translates to the P&S Calculation

Just by my back of a fag packet calculation and bearing in mind stadium costs wont be as big an issue then the numbers have to be at least in line with the £111million loss in 18/19.

Irrespective surely mitigation would be around the double jeopardy not so much not determining the charge or not but the fact that fact that 19/20. & 20/21 averaged and 21/22 but then again who knows !

Yes, however we can assume it’s in the general scope of the 19 mill legacy issue or else we wouldn’t be in breach. It’s likely even with the £111 mill loss or translation, we had to be under, 19 mill of that which we don’t seem to be or we wouldn’t be charged or we didn’t factor it for 22/23 (arrogantly maybe).

It’s been widely reported amongst the Everton community that in 22/23 how the interest is treated was adjusted, so we are admittedly assuming it’s the rouge 19 mill at play. Therefore we know the loss is somewhere in the scope of 19+ or 18-mill of the 111 mill loss or rather its translation.

So with not knowing the figures we can assume the above and personaly knowing Everton, I think we were at the wire financially, so even with the scope I don’t think it’s widely deviates from the original commissions judgement, even if the figures are give or take - they aren’t wildly so, in fact they are probably quite linear, thus I can see a symmetry in judgement - certainly think the precedent will be at play, but more so the finding of the appeal.

 

[matty1878]

The scary thing for me is that if the 777 deal falls through then what happens then? Suggestions are we've needed their loans to keep operating. Would we be pushed into administration? Another 9 point deduction to add to the possible 2 other ones???
We'd have been better going straight into administration and finding a buyer via that route. Moshiri has screwed us much more than the PL have (and that's not saying that the PL aren't a bunch of complete blerts)

i’ve just said similar on the 777 thread

how the f are we getting through any if this

so bleak at the moment

 

[WestStandLower]

Which increased from £500mill to a billion.

But the point being is...what did they do differently in terms of loans and onset of debt to us in the way of P&S.

And I'm not trying to make a case against Spurs, I'm just trying to clarify the differences as from what we seem to have done is have an owner who has apparently pumped £450mill of his own money, borrowed £300mill, then taken commercial loans to run the club

I think to start with they had significant financial reserves from which they paid much of the enabling work. Then then seem to have been able to borrow money commercially for the build . Yes ENIC seem to have pumped money in but their whole project seems to have been a model of financial planning

 

[matty1878]

Yes, however we can assume it’s in the general scope of the 19 mill legacy issue or else we wouldn’t be in breach. It’s likely even with the £111 mill loss or translation, we had to be under, 19 mill of that which we don’t seem to be or we didn’t factor it for 22/23 (arrogantly maybe).

It’s been widely reported amongst the Everton community that in 22/23 how the interest is treated was adjusted, so we are admittedly assuming it’s the rouge 19 mill at play. Therefore we know the loss is somewhere in the scope of 19+ or 19-, the 111 mill loss or rather its translation.

So with not knowing the figures we can assume the above and personaly knowing Everton, I think we were at the wire financially, so even with the scope I don’t think it’s widely deviates from the original commissions judgement, even if the figures are give or take - they aren’t wildly so, in fact they are probably quite linear, thus I can see a symmetry in judgement - certainly think the precedent will be at play, but more so the finding of the appeal.

we need to win the first to win the other appeal?

feels like we’re crumbling

 

[Victus]

so simon jordan who i thought was ok

has now said we’ve breached my millions not “19”

ffs

Can you explain that better please?

 

[Thomasc]

Not even watching tomorrow night.

I’m cured of football until further notice.

Fk the PL and Fk Everton. Still enjoy this forum though.

 

[buskwhi2]

We are still paying for the Koeman/Brands/Kenwright splurge. If that window had been more sensible we'd probably be in the clear today.

It was the Steve Walsh era that screwed us. Rooney, Sig, Klaassen, Vlasic all signed in 1 window on massive wages. All number 10s, not to mention all slow as hell. Where was the thought process?
We seemingly had Walsh, Koeman and Moshiri all buying who they wanted with no joined up approach. That's where all this stems from

 

[Somerset Blue]

i’ve just said similar on the 777 thread

how the f are we getting through any if this

so bleak at the moment

We are fk’d Matty, for once your complete panic is justified!

 

[Neiler]

we need to win the first to win the other appeal?

feels like we’re crumbling

These things are often set on precedent mate, the commission set the precedent in the 10 point deduction, if we have a similar breach and fine us then that doesn’t follow the precedent or equity. Therefore if they give us back 10 points or any on appeal, the second commission will find it hard to dock us 10 again.

There is always hope, the PL brand is taking a battering, public opinion is growing on inequity - particularly with the City delay, Masters is personally to being villified publicly.

 

[Stoffee]

so simon jordan who i thought was ok

has now said we’ve breached my millions not “19”

ffs

He's stating stuff we know in slightly different way for the sake of trying to get a rise out of everton fans. Our spending was much more than the final 19mil number but you are allowed to make adjustments for things and that's where the debate comes from our side in how much you are allowed to adjust. 19 mil is the figure we were over based on the first charge. Ignore Simon Jordan.

 

[matty1878]

Can you explain that better please?

simon jordan saying we’ve lied

 

[matty1878]

These things are often set on precedent mate, the commission set the precedent in the 10 point deduction, if we have a similar breach and fine us then that doesn’t follow the precedent or equity. Therefore if they give us back 10 points or any on appeal, the second commission will find it hard to dock us 10 again.

There is always hope, the PL brand is taking a battering, public opinion is growing on inequity - particularly with the City delay, Masters is personally to being villified publicly.

 

[Victus]

Simon Jordon also led us to believe that our case was very strong and the premier leagues was not in about October. I wouldn't listen to a word he says at this point.

 

[blueboy72]

so simon jordan who i thought was ok

has now said we’ve breached my millions not “19”

ffs

Because he keeps going on about the 350mil deficit, before the deductions for Covid etc, But most prem clubs would be in breach without the Covid loses