6 + 2 Point Deductions

[Efcjake]

10 points for a few minor miscalculations is quite excessive tho really.

I think this is what everyone has come to agree on. Nobody denies that we have overspent on crap, it's obvious to everyone. We also very clearly tried to do everything we could to hide it per the report.

A higher point deduction for overspending by 19 million than going into administration is farcical though and nobody thinks it makes sense.

Anywhere around 5-6 I think we all could have took it on the chin and moved on. Dumping us back in the relegation zone after forcing us to sell our best players and being in relegation battles two years running just really isn't on.

 

[davek]

Looks like honesty wasn't the best policy then..

They'd have concocted some other way to hand us 10 points.

That was a kangaroo court. A set up.

 

[Evertonthat]

So, we've been running every financial decision past the PL since 2020, doing everything they say. Selling players almost at their request. Not spending on players, almost as if we've been on a transfer ban.

After what they've just done to us, I wouldn't give them time of day now. Simply submit our accounts every year and make sure they don't show us being over the 'limit', in the same way every other club has.

It's the cooperating and following of the PL's direction that's lead us to then royally shafting us. My biggest worry now is that this bunch of idiots are the ones running the rule over our potential new owners. I wouldn't trust them as far as I could throw them.

 

[Goat]

That's all very Ghandi of you but being angry is the only possible emotion right now.

Im not spending the next week walking about with rage inside me.

Next Saturday night I will take a few people off ignore, read their posts and prepare my inner rage for Sunday, but for now, calm.

 

[Efcjake]

Looks like honesty wasn't the best policy then..

I don't think we were honest with them after reading through it.

We tried up until the last minute to re-allocate payday loan interest from Kenwright's mates at Rights and Media Funding against the stadium.

 

[davek]

I think this is what everyone has come to agree on. Nobody denies that we have overspent on crap, it's obvious to everyone. We also very clearly tried to do everything we could to hide it per the report.

A higher point deduction for overspending by 19 million than going into administration is farcical though and nobody thinks it makes sense.

Anywhere around 5-6 I think we all could have took it on the chin and moved on. Dumping us back in the relegation zone after forcing us to sell our best players and being in relegation battles two years running just really isn't on.

Because they were forced into that by the PL due to their change on judgements on infrastructure and USM sponsorship.

 

[Moomin]

10 points for a few minor miscalculations is quite excessive tho really.

It is but until 2 weeks before the commision we said we were innocent and then suddenly said we were guilty and turned up with a load of excuses which from the reports got laughed out of the room.

We have to change tact at the appeal.

 

[davek]

Im not spending the next week walking about with rage inside me.

Next Saturday night I will take a few people off ignore, read their posts and prepare my inner rage for Sunday, but for now, calm.

Good for you Ghandi.

The rest of us are raging an rightly so.

 

[Goat]

Missus just brought me home a Greggs, life is good.

 

[Efcjake]

Because they were forced into that by the PL due to their change on judgements on infrastructure and USM sponsorship.

Yeah, you're not wrong about the fact that they changed the rules but the fact is that our payday loan from Rights and Media funding was clearly never intended to fund the stadium and any attempt by us to claim those interest payments as stadium related is clearly fraudulent. Reading through the report I am genuinely embarrassed by that.

 

[Goat]

Good for you Ghandi.

The rest of us are raging an rightly so.

The rest of you dont even know who you are angry at.

Channel that anger, harness it, use it for good.

 

[Look to the future]

The City case is a funny one, the German paper who got the leaked emails released them in 2018.

Now City have prolonged legal battles over how these emails were obtained ( hacked they were )

It's a massive case and City's legal team will prolong it for a few years by the looks of it.

2070: Man City legal team successfully win battle with ESL (formally EPL) on 50 year old FFP case. Citing that the age old case it is no longer relevant.

 

[Kever10]

Moshiri signed Mylenko and Patterson because the Premier League initially believed the line about the loan interest being deductible from P&S calculations because it was being used to fund the Stadium. That fell apart when the Premier League investigated the loans further.

From the judgement.

Use of Funds
If the facility is successfully completed, the funds will be used for working capital facility
purposes. Hence, in the same way as the Rights and Media Funding Limited facility this
additional financing support will be used for operational purposes during the 2020/21
season.
We do not intend to use any of the funds for the new stadium project or to buy players in
the transfer window. These funds will be used to continue to support the Club and all of the
activities that the Club are involved in for the term of the facility.
That representation is incorporated into the Metro Bank PLC loan agreement
dated 29 April 2021. Clause 2.3 reads –
Purpose
The Borrower shall apply all amounts borrowed by it…towards the payment of
indebtedness and its working capital requirements.


The terms of the loan clearly state it wasn't for the Stadium. The premier league then uncovered Everton documents that showed the Stadium was being funded by interest-free loans from Moshiri.

I can literally feel the glee you had typing this and other posts oozing out of you as i read this you [Poor language removed] odious troll.

1 thing to consider, the precedent has been set. Punishments are seemingly current and not backdated. You will not be awarded for any posthumous 2nd place finishes achieved with Blood doping.

 

[Gwladys St. Glory]

Missus just brought me home a Greggs, life is good.

 

[davek]

Yeah, you're not wrong about the fact that they changed the rules but the fact is that our payday loan from Rights and Media funding was clearly never intended to fund the stadium and any attempt by us to claim those interest payments as stadium related is clearly fraudulent. Reading through the report I am genuinely embarrassed by that.

Maybe, but there's been 4 good reasons why we couldn't account for that £19M overspend and anyone one of them would have brought us back into line had they been accepted - which is what any reasonable attempt to administer justice would have done.