6 + 2 Point Deductions

[msb]

The PL case means they have to prove that the audit giving our figures breaks accountancy rules, which are agreed by the government. Our accounts were audited and signed off as compliant, particularly the allocation of interest.

There is no case to answer, except perhaps for vindictive bias by Masters et al.

 

[mahermi1]

The PL is practically finished as a competitive competition, that is as long as Masters and Co just hovern it for the total benefit of the big 6.

 

[davek]

I reckon cos its pretty mental to hunt down and beat up a journo for making up stories on the internet.

Just a gut feeling.

He writes for The S** now, so nobody should be paying him any attention anyway.

....

 

[GlosBlue]

Just read that we are 19th out of the 20 teams in the premier league for net spend over the last 5 years. How can they still be targeting us for points deductions FFS?!

 

[kenada_blue]

The PL case means they have to prove that the audit giving our figures breaks accountancy rules, which are agreed by the government. Our accounts were audited and signed off as compliant, particularly the allocation of interest.

There is no case to answer, except perhaps for vindictive bias by Masters et al.

Doesn't have anything to do with how legitimate the figures are, it's more down where we've categorised them in relation to league rules.

If they said you can't put X in column B and we did, then they'll want to know why and it paint a different picture

 

[neil999]

Just read that we are 19th out of the 20 teams in the premier league for net spend over the last 5 years. How can they still be targeting us for points deductions FFS?!

Because that's not what the rules are?

 

[billyblue80]

Just read that we are 19th out of the 20 teams in the premier league for net spend over the last 5 years. How can they still be targeting us for points deductions FFS?!

We are a good club to make an example out of big enough to send a message but not one of their media favourites. Imagine if it happened to Newcastle or Liverpool they would still be talking about it now.

 

[Goat]

@davek

He didn't say that about Keir.

*runs*

No more points deductions please.

I don't read a word Special K writes in The S**.

 

[Deulofeumygod]

 

[Osamabindiesel]

Just read that we are 19th out of the 20 teams in the premier league for net spend over the last 5 years. How can they still be targeting us for points deductions FFS?!

Agenda lad. Funny how City and Chelsea get “TIME.” Funny how Manchester United get “ALLOWANCES.” They have set precedent with poor widdle Everton and Forest and now they can sweep it all under the rug. Corruption

 

[John from Bootle]

That Matt Hughes has a deeply unhealthy obsession with Everton. Most people go on holidays over the summer and come back with a fresh outlook. Not this chump.

He targets kopite clicks. Not sure that's gonna work out too well for him working for that rag. He's gonna have to get a new angle, because he's simply not gonna reel in the kopites like he could at that other cesspit he worked in.

 

[msb]

Doesn't have anything to do with how legitimate the figures are, it's more down where we've categorised them in relation to league rules.

If they said you can't put X in column B and we did, then they'll want to know why and it paint a different picture

Actually it does. Our legitimate argument is that an approved auditor has put the figures in the correct column, they have to prove the auditor wrong, which then asks the question why do they think they are better placed to determine this than said auditor, who by professional status has to abide by law in his determinations.

Very large can of worms at the very least.

 

[kenada_blue]

Actually it does. Our legitimate argument is that an approved auditor has put the figures in the correct column, they have to prove the auditor wrong, which then asks the question why do they think they are better placed to determine this than said auditor, who by professional status has to abide by law in his determinations.

Very large can of worms at the very least.

I don't believe it is. Part of the fact if I can recall is that the league told us they changed the rule and not to put the capitalised interest down because of how the loans have been taken. We did anyway.

The audit will be above board and signed off which is fine. What they're looking at is the said £16mill we've put in one column to make your losses look smaller doesn't belong there based on the PL rules. This was an issue in the first hearing and now they're deep diving on it.

Again, all numbers, figures and audits are above board. Moshiri the accountant has just ticked the wrong boxes on the form.

The argument for us is still that it's all stadium and infrastructure related so should be exempt. However, Moshiri had been dumb in how he's filtered the loans through the club based on what the PL have told him.

 

[RomanReigns]

Any rumours on how many points Leicester are getting deducted?

 

[Goat]

Any rumours on how many points Leicester are getting deducted?

Think of Everton, writing off a £50million player because of circumstances entirely beyond their control, yet failing to get that factored in when their books were inspected by the Premier League. They could have gone down. Maybe this year a club will go down — maybe some are already down — for the crime of trying too hard to succeed, of not knowing their place, or as the result of a sliver of financial misfortune.

Masters implied that he was relaxed about creative accounting, and loopholes, as long as clubs abided by the rules. It is a ridiculous stance. The very nature of creative accounting is that it operates on the outer edge of legality, that it pushes the envelope. Creative accounting and adherence, therefore, do not always go together. So permission, or otherwise, is needed quickly. Yet Premier League cases and judgments drag on and on. And here we are, season starting, and none the wiser on so much of it. Everton, as ever, have no idea where they stand. No wonder the club is proving such a hard sell.