6 + 2 Point Deductions

[Goat]

Usually have 9 months to file accounts with Co House

Well, yes, they have until March.

Hmm, I just checked, in 2019 we published them in December, but since then its been 31st March, so I take it back, it seems its quite normal...

 

[Jim Kirk]

This just isn't right. 19/20 and 20/21 are averaged and count as one single year. So the three "years" related to the second charge are 19-21, 22, and 23. 18/19 is the season that drops off.

The covid years will drop off in the calculation for this season.

I'll have a look at that and see what it means. If its averaged its unlikely to make a big difference as losses where similar in both years. I can understand the covid deductibles being averaged, sort of makes sense and feels appropriate - but how does one off expenditure and depreciation fit into that? Capital expenditure made in 20, should start to depreciate in 21 but if its treated as a single year then depreciation will kick in 22 instead for FFP purposes at least? I can't see the tax man standing for that, so presumably the accounts are still individual but the PL have some kind of concoction calculation of their own? Talk about making things more difficult than they need to be.

 

[Neiler]

masters? do you think when it’s looked at on appeal they will go oops we’ve ballsed
this up

What we are seeing here mate is political pressure, they will reply with some legal speak that doesn’t come to a conclusion.

But they've been told here what to do and the the tone is set.

They particularly won’t like linking our case to City’s and the expectation of comparative judgements.

 

[Jim Kirk]

But if you apply that same argument to all clubs in the Premier League then most clubs would have exceeded the 105 million in losses. All clubs had allowable expenses running in to millions. It is just that when Evertons allowable expenses were taken into account, they were still over by 19.5 million. when other clubs allowable expenses were taken into account they were under.

If you are going to use Evertons pre expenses figure of 250 million to make the losses seem a bigger figure you have to do the same with all clubs to bring it into context otherwise it becomes a nonsense assumption. Its like the assumption that Everton have exceeded P/L because they have spent loads of money on players when the reality is we have one of the lowest transfer spends in the premier league over the last 5 years

Yes they would, and i wasn't trying to make losses sound bigger - just to try and think about why non-compliance continues to be an issue because it isn't clear what deductions are applicable when. Another poster just said that for FFP purposes, the 20 and the 21 accounting periods are averaged, which makes it even more complicated and open to interpretation.

Essentially, it was mentioned from the point of view that the raw number was a lot more than £19m, so a £19m relative saving in 23 might not be enough to bring the club back into FFP compliance depending on what is happening with previous deductions, which as far as I'm aware, we don't know at the moment.

 

[HalfTimeSayers]

I'll have a look at that and see what it means. If its averaged its unlikely to make a big difference as losses where similar in both years. I can understand the covid deductibles being averaged, sort of makes sense and feels appropriate - but how does one off expenditure and depreciation fit into that? Capital expenditure made in 20, should start to depreciate in 21 but if its treated as a single year then depreciation will kick in 22 instead for FFP purposes at least? I can't see the tax man standing for that, so presumably the accounts are still individual but the PL have some kind of concoction calculation of their own? Talk about making things more difficult than they need to be.

It’s not averaged for statutory accounting purposes, or for tax purposes. And it’s not the just the Covid deductibles.

Purely for PSR purposes, those 2 accounting periods are averaged and counted as one year due to them being very abnormal. Nothing more complex than that.

 

[blulouie]

The select committee getting involved in the sanctions policy is massive for us and our appeal. I sense Burnham has been making some calls.

 

[Lob]

Guys can we please stop saying I hope it gets reduced to 5 points or whatever

The sanction is ridiculous

If it gets reduced to 1 point I will still be fuming

Frothing with rage

There should be no points deduction

This is warped thinking to accept a small deduction as a compromise for a ridiculous sanction to begin with

We must appeal and clear our name and take it to the highest courts in the world until we get no points deducted

I agree completely. I want no punishment and our name cleared. Everything about this has been dodgy since the start. First they work with us and make us sell our greatest assets thus weakening us and leading us to back to back relegation fights. Then they stab us in the back and charge us, hire a not independent whatsoever commission who ignore major things like losing massive investment due to a war, interest payments on building a new stadium that will create many jobs and has already been chosen for future major events and meanwhile they manipulate the not independent commission to dish us out the worst penalty ever given in PL history.

We may have been run bad but feck me, these gets bring a whole new meaning to the word corrupt.

No punishment, our name cleared, PL sackings and independent regulation is the only way forward for me.

 

[Tel001]

Well that's not going to happen is it?

I wouldn’t pay that, but if he goes I can’t see us selling for less than 50m

 

[Tel001]

I thought it was an awful signing at the time, but there was a chance that Bolasie might actually have turned out OK. A story of bad luck as usual.

Bolasie was never going to be ok…

He had scored about 12 goals in his 8 years prior to us signing him.

It’s just that they were usually against us and the rs .

 

[Tel001]

Hang on, you’re trying to tell me we weren’t GALVANISED by the deduction and shouldn’t be thanking them for it???!?!?

Fully expect burnley to sue at the end of the season because we ganvanised after the news and were at an advantage

 

[Tel001]

But if you apply that same argument to all clubs in the Premier League then most clubs would have exceeded the 105 million in losses. All clubs had allowable expenses running in to millions. It is just that when Evertons allowable expenses were taken into account, they were still over by 19.5 million. when other clubs allowable expenses were taken into account they were under.

If you are going to use Evertons pre expenses figure of 250 million to make the losses seem a bigger figure you have to do the same with all clubs to bring it into context otherwise it becomes a nonsense assumption. Its like the assumption that Everton have exceeded P/L because they have spent loads of money on players when the reality is we have one of the lowest transfer spends in the premier league over the last 5 years

We may not have a large net spend but we are still losing to many players of free and paying them from when we over spent in the first place .

Also, we tried claiming something ridiculous for covid .. like more than double what other clubs were …

 

[Titus Bramble]

Every day this feels like it becomes more complex with more and more potential outcomes.

Do we get any points reinstated? Are ours and Forests charges dropped or upheld? Is Masters chased out of town and PL regulator introduced? Masters resigns but the PL avoids the regulator on the proviso it sorts itself out?

This whole season has become a pantomime.

 

[linderoth]

So why is our revenue collapsing then?

 

[jamieni]

So why is our revenue collapsing then?

The new caterers?

Seriously though, was some of it not covid related with no crowds and then presumably USM not being able to sponsor us? Thats all just guesswork on my part, I’m sure those better informed can provide and accurate response lol

 

[hallamblue]

So why is our revenue collapsing then?

Imagine if we sanctioned Abu Dhabi. The supposed £700 million a year income that City get would drop to about £300 million.