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Matt Hughes
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Matt Hughes
toffeeblue9
Player Valuation: £35m
No, that isn't how transfers are accounted for - it doesn't matter if you pay it all up front or you pay nothing up front and pay on the drip. Every transfer, from the point of view of the accounts, works the same way. A £20 million transfer for a player on a 5 year contract will cost you £4m per year on the accounts.
We have no more or less to worry about, from an accounting perspective, next year if we went down than we would if we stayed up (other than being subject to tighter rules on losses etc).
Common misconception - you have to separate the two things out. Accounts are separate from cash flow. The Beto deal is all about cash flow and nothing to do with clever accounting.
To be honest, most clubs will a closet full of skeletons. I just wonder if the PL, by charging us, has opened up a pandora's box. I am sure there are a few directors/chairman up and down the country sweating a bit.Look a the box of snakes this whole thing has opened up... Every team in the country is being investigated for something... I'd be quite happy right now to be witness to football eating itself.
Tottenham face serious allegations of breaching transfer rules in Defoe deal
Tottenham are facing serious allegations of breaching transfer rules during Jermain Defoe’s move to Portsmouth in 2008. The Times claims new evidence shows Spurs dealt with an unlicensed agen…talksport.com
If we go, then a hatful of clubs come with us.
The FA has said it is prepared to review evidence of potentially serious breaches of agent rules in a transfer involving Tottenham Hotspur, Portsmouth and Jermain Defoe.
An investigation has found that during a private hearing concerning the transfer of Defoe to Spurs in 2008, it emerged that Defoe, Tottenham chairman Daniel Levy and Harry Redknapp, all dealt with an unlicensed agent.
Breaches of FA agent rules have led to clubs being deducted points and bans for directors. Luton Town were deducted 10 points for breaking Agent Regulations.
Independent experts have told The Times that a failure to comply with these regulations should be regarded as an extremely serious matter, potentially leading to heavy sanctions.
Clubs can be hit with a transfer ban, a points deduction or even relegation.
@thetimes
An investigation has found that during a private hearing concerning the transfer of Defoe to Spurs in 2008, it emerged that Defoe, Tottenham chairman Daniel Levy and Harry Redknapp, all dealt with an unlicensed agent.
Breaches of FA agent rules have led to clubs being deducted points and bans for directors. Luton Town were deducted 10 points for breaking Agent Regulations.
Independent experts have told The Times that a failure to comply with these regulations should be regarded as an extremely serious matter, potentially leading to heavy sanctions.
Clubs can be hit with a transfer ban, a points deduction or even relegation.
@thetimes
Melchizedek
Player Valuation: £10m
I honestly blame this mindset for our current predicament. I think Kenwright thought he had enought friends or pull or what have you, and he wanted to perpetuate this Everton being the shining city on the hill nonsense that he said let's cooperate and show we aren't like these other clubs. We're everton, we do things the right way and all his other sentimental drivel.
Unfortunately for us, no one outside of Everton cares about virtue or "the right way". They care about money. They will do whatever they think is necessary to protect that cash flow, and will hurt anyone who might get in the way.
nevsonlymate
Player Valuation: £8m
GoldenToffee
Player Valuation: £60m
They've got esteemed barrister Jose Baxter QC on the case.
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Yarrgh
Player Valuation: £70m
Fellow blue, why so testy? Let's all be friends and fight the corrupt punishment meted out!
efcfanwirral
Player Valuation: £25m
Excellent for us
Wonder how Udinese feel with all the uncertainty around our takeover and debts though...
The binman chronicles
Player Valuation: £80m
"I see no lines that Everton have crossed
...because I snorted them up just before I came into court."
summerisle
The rain, it raineth every day
lol
Given how this panel treated a war as an entirely predictable business occurrence I am not sure they will be persuaded by logic.
“Everton insiders have questioned how more than one club could receive compensation, considering that at the most only one team would have been relegated instead of Everton.”
“Everton insiders have questioned how more than one club could receive compensation, considering that at the most only one team would have been relegated instead of Everton.”
The ball is rolling now, isn’t it?
It’s going to be hard to stop - especially with multiple breaches coming to light concurrently like this.
What’s happened to Everton is fresh in everyone’s mind, so the pressure is on the PL to deliver proportional punishment to every offender now.
To save an apocalypse, they either treat the other clubs differently in a very publicly unfair way on Everton - or they back down. They may be thinking it’s in the league’s interest to cool Everton’s punishment down at appeal. That would be the sensible choice.
We’ll see. Either way, I don’t get the impression the league thought any of the implications of this extreme punishment through.
GoldenToffee
Player Valuation: £60m
Absolutely fair play to all involved.
Yarrgh
Player Valuation: £70m
I should check if the ratbags did this before I keep trying to catch up.