6 + 2 Point Deductions

gwladysnight said:
We admitted to breaking the rules. That is the very definition of being bang to rights. The only point of disagreement was how much we had breached PSR by.

Why is that so hard to understand? We did it, admitted we did it and we got punished for it.
Click to expand...

So that's the end of it then ? Should we just accept our lot ? Should we just accept the biggest punishment in PL history ? Or should we argue certain mitigating reasons have just been overlooked. Should we not ask why a WHU employee who served on their board at the time when the Tevez/ Macherano scandal, took place was allowed to sit and judge us.
And finally do you still say Sigurdsson was sacked, when he was obviously suspended until the end of his contract. There is more but I can't be arsed.
 
gwladysnight said:
His only involvement in the Tevez case was blowing the whistle on Duxbury and Shear. You seem to have a strange idea of the role and responsibility of a financial Director at a Premier League club.
Click to expand...
I know what the role of an FD is regardless of whether it is a football club or not. Any FD who authorises payments without knowing what they are for needs to be struck off(and that includes Everton as well) and should not be sitting on an alleged independent commission dealing with this case.
 


gwladysnight said:
He wasn't involved in the transfers. It was deputy Chief exec Scott Duxbury and Club solicitor Graham Shear who hid the existence of offshore companies holding the thirty-party rights over Tevez and Mascherano.

Financial Directors are not involved in transfers they oversee the business side of a football club, so there is no evidence that he didn't do his job properly.
Click to expand...

You're very quick to distance him from anything in this. He was at the club. He would have been involved within this transfer as finances were changing hands.
He shouldnt be sitting on any panel in judgement of another club. There is enough reasonable doubt for any club to contest him making judgements.
 
Gilbert.. said:
You also said Everton fans need to stop playing the victims. Not your finest comment.
Click to expand...

Point out when I said the fans please.

I said the club needs to at the appeal and with the excuses.

We need to be cutting a deal and using the past 2 seasons of what we have done in trimming the wage bill and squad size and throwing the previous board members under the bus and selling the new board as a different regime.

Us fans can go out all attack on the premier league but the club needs to work with them as we potentially could be in the dock again when the next set of accounts come out.
 
Look, the punishment is huge, there a reason for that. What many of us are seeing as a £20m overspend is seen by the PL as £125m overspend as

Although a club's target is that adjusted earnings before tax should not show a loss, the Rules provide a degree of latitude. A loss of up to £15 million is largely forgiven. The only consequence is that the Premier League will determine whether in T+1 (the following year) the club will be able to discharge its obligations under Rule E15.9. Greater consequences arise if the loss exceeds £15 million but is less than £105 million. In that event, the club is required to provide the Premier League forecasting to the end of T+2 (the year after the following year), as well as to satisfy the Premier League of its ability to provide evidence of Secure Funding.
Click to expand...

So, we’d already been under monitoring due to exceeding the £15m limit. And as the PL sees it, we just ignored the warnings

  1. Conscious of the PSR challenges that it faced Everton had planned to sell a number of its players in the summer 2020 transfer window. Mr Brands had placed values on eight of the players who had been targeted for sale, producing a total sale value in excess of £80 million. In the event sales did not take place as projected. Everton argues that that failure was caused by the impact of Covid, which depressed the market, preventing it from making sales at the expected prices.
Click to expand...
So the club decided not to sell the players as they weren’t worth as much as they originally thought .. But that wasn’t seen as any reason to further breach the P&S target of zero.

On the stadium funding issue…. It’s not like this suddenly hit us a few months ago, we’d known about it for years.
In October 2019 Everton engaged the Premier League in discussions about what it considered to be the capitalisation anomaly. The Premier League at that stage declined to permit the stadium expenditure to be excluded from the PSR calculation. Everton continued to address its concerns about the PSR calculation. On 20 February 2020 Ms Barrett-Baxendale wrote to the Premier League requesting that Everton's reporting perimeter should be changed to exclude Everton Stadium Development Ltd.
Click to expand...
So, the question remains, why wasn’t something done about it?
Someone at the club chose not to do anything about an issue that they were fully aware of.

And this is the problem, the club was run by a bunch of absolute cowboys. Literally as incompetent as could be. They’d had very clear warnings about what they were doing wrong and they chose deliberately not to act.

And this is why the punishment is so big. Despite every chance to do something about it and every warning that their assumptions were wrong, Moshiri (I assume it was him chose to ignore it.

For us, the fans, the question of the size of the punishment is of course paramount. Too big we say! Of course, it’s bigger than administration. But we’re going to have to argue as to why it’s too big and we’re going to have to argue as to why the club just ignored warnings at every step of the way.
so, I think we might get a reduction, but I don’t think it will be great, because there’s so many steps where warnings were just ignored.
and guess what? We’re the ones who suffer.
 

Welcome to GrandOldTeam

Get involved. Registration is simple and free.

Register
Back
Top