6 + 2 Point Deductions

[Noisy noise annoys]

Was wigans not cash flow issues and failing to pay players/staff? Rather than breaching ffp (you could argue that those issues would lead to ffp breaches but at that time it hadn’t).

Yes, but twice in a season and getting 8 points total seems very
Lenient compared to our situation

 

[Goat]

Why are their stories about only us and Forest having an anxious wait till next Monday to find out if we have been referred. No other clubs close at all??

The club will have known if we had breached the most recent period months ago. Only the fans have an anxious wait.

We already know how all of our mitigations were dealt with (i.e. mainly ignored). There are no mitigations or oddities to argue about in the 22/23 accounting period. The PSR loss for the other years in this assessment period have already been agreed with commission as part of the last referral and are now set in stone. Would take 2 minutes to work out if we’d breached again based on the most recent accounts. The club knows if we are clear or not. It’s not like last time where there were discussions to be had. Not sure if I’m worried they haven’t come out and trashed these reports and turned all the focus onto Forest.

Didnt the club say that we hadnt breached last time?

 

[Neiler]

Why are their stories about only us and Forest having an anxious wait till next Monday to find out if we have been referred. No other clubs close at all??

The club will have known if we had breached the most recent period months ago. Only the fans have an anxious wait.

We already know how all of our mitigations were dealt with (i.e. mainly ignored). There are no mitigations or oddities to argue about in the 22/23 accounting period. The PSR losses for the other years in this assessment period have already been agreed with commission as part of the last referral and are now set in stone. Would take 2 minutes to work out if we’d breached again based on the most recent accounts. The club knows if we are clear or not. It’s not like last time where there were discussions to be had. Not sure if I’m worried they haven’t come out and trashed these reports and turned all the focus onto Forest. Dignified silence maybe, but would have preferred an official middle finger from the club.

John Percy again.

Nottingham Forest and Everton facing anxious wait over potential financial breaches

Premier League clubs that break profit and sustainability rules face immediate sanction that would be imposed before end of current campaign

www.telegraph.co.uk

 

[Marius57]

Yes, but twice in a season and getting 8 points total seems very
Lenient compared to our situation

They have failed to pay wages on time 5 times I believe. And had total 11 points deducted.

It’s different offences and under different governing bodies. It’s also more short term whereas our is a sustained offence. (I don’t agree with either of the punishments, as they should be punishing the owners with financial penalties rather than sporting sanctions).

 

[Neiler]

John Percy again.

Nottingham Forest and Everton facing anxious wait over potential financial breaches

Premier League clubs that break profit and sustainability rules face immediate sanction that would be imposed before end of current campaign

www.telegraph.co.uk

Hack peice, nothing new:

“Nottingham Forest and Everton will find out on Monday January 15 whether they will face new Premier League charges for breaching financial regulations.

With Everton already fighting to overturn a separate 10-point deduction, both clubs have been scrambling to avoid the prospect of penalties this season.

In Everton’s case, stadium costs rather than player trading would be cited as the main cause of any potential overspend, as it had been the period in which the club has already been punished. The club’s net spend on players among teams has been among the lowest in the Premier League for consecutive years.

Both are thought to be confident that they will not face sanctions, but Telegraph Sport understands several Premier League clubs are on high alert as potential charges are announced.

New fast-track rules agreed over the summer mean any club which breaks straightforward profit and sustainability rules – which permit losses of up to £105 million over a three-year period – will have the sanction imposed before the end of the current campaign.

As reported by Telegraph Sport last week, Forest have enlisted leading sports lawyer Nick De Marco as they attempt to avoid becoming the third top-flight club charged.

Sources close to Everton, already fighting to overturn a 10-point deduction, also maintain privately that they believe the Merseyside club are within this year’s limits. The club is also still waiting to find out whether its proposed takeover by 777 Partners is to get the green light.

Only the “most exceptional cases”, including the 115 charges facing Manchester City, are exempt from new Premier League rules that any club charged with a standard financial rule breach must be completed within 12 weeks.

For Everton, Forest and other clubs, that meant accounts for the 2022-23 season had to be submitted before December 31, instead of March. At Goodison Park, the departure of £250,000-a-week James Rodriguez had been a major relief for the wage bill as he left the club in the autumn of 2021. Over the ensuing year, Richarlison was sold to Tottenham for around £50 million while Anthony Gordon fetched more than £40 million from Newcastle in deals that compare favourably with some of the prior wild trading during the Moshiri era.

However, Amadou Onana, Dwight McNeil and Neal Maupay arrived for multi-million pound fees, and there were other unforeseen factors in the last campaign that will have been a headache.

Everton’s original deduction centred on interest payable on loans to build their new stadium at Bramley-Moore Dock. The club calculated £18 million headroom within spending limits, but the Premier League argued they had overspent by £7.9 million.

To offset costs amid a global spending squeeze since, sanctions brought against then sponsor Alisher Usmanov in March 2022 may have proven costly last season. That said, Everton did secure their biggest sponsorship deal to date in June 2022. To offset some of those losses, Everton secured a “club record main partner agreement” with Stake.com , the online casino, in June 2022.

Forest, having signed 43 players since winning the Championship play-off final in May 2022, were widely expected to have been sailing close to the wind, though sources insist they are also confident of avoiding sanctions.

De Marco, a KC with Blackstone Chambers, has been appointed to argue their case and has established an impressive record dealing with football, and especially Financial Fair Play. Forest reported an annual loss of £45.6 million in their last accounts. In the previous year, ending June 2021, they recorded a loss of £34.4 million, reduced to a loss before tax of £15.5 million.”

 

[Noisy noise annoys]

They have failed to pay wages on time 5 times I believe. And had total 11 points deducted.

It’s different offences and under different governing bodies. It’s also more short term whereas our is a sustained offence. (I don’t agree with either of the punishments, as they should be punishing the owners with financial penalties rather than sporting sanctions).

Mad

Still makes ten points for first offence seem ludicrous

 

[arch stanton]

Why are their stories about only us and Forest having an anxious wait till next Monday to find out if we have been referred. No other clubs close at all??

The club will have known if we had breached the most recent period months ago. Only the fans have an anxious wait.

We already know how all of our mitigations were dealt with (i.e. mainly ignored). There are no mitigations or oddities to argue about in the 22/23 accounting period. The PSR losses for the other years in this assessment period have already been agreed with commission as part of the last referral and are now set in stone. Would take 2 minutes to work out if we’d breached again based on the most recent accounts. The club knows if we are clear or not. It’s not like last time where there were discussions to be had. Not sure if I’m worried they haven’t come out and trashed these reports and turned all the focus onto Forest. Dignified silence maybe, but would have preferred an official middle finger from the club.

the way the shifshow that is the EPL behave, I wouldn't be surprised if we submitted accounts that were within the rules, then they change the rules again and we fail again.

 

[Marius57]

John Percy again.

Nottingham Forest and Everton facing anxious wait over potential financial breaches

Premier League clubs that break profit and sustainability rules face immediate sanction that would be imposed before end of current campaign

www.telegraph.co.uk

That twitter headline is very misleading. The article talked about finding out if we will be charged but the tweet says about our new charges.

 

[RomanReigns]

remember remember the 15th of January

 

[blueblood]

The accounts should be much healthier for 22/23 for several reasons;
- Approximately 15m more from tv revenue
-Increase in gate receipts and shirt sponsorship.
-wage bill down
-Profit on player trading
Headlines are just lazy journalism at this stage. All clubs will find out on 15th June, not just Everton and Forest. Slow news day.

 

[DanB90]

@Daveyduck

Didn’t he say his sister was getting her cheeks clapped by Richard Masters?

 

[PhilEFC]

Didn’t he say his sister was getting her cheeks clapped by Richard Masters

I think he did.

Dicks pillow talk sounds top quality.

 

[Goat]

I think he did.

Dicks pillow talk sounds top quality.

"Im going in no lube like I did Everton"

 

[blue to the bone]

Didn’t he say his sister was getting her cheeks clapped by Richard Masters?

What ever she was doing to Dickys dicky but it made him sing like a canary !

 

[DanB90]

What ever she was doing to Dickys dicky but it made him sing like a canary !

Reckon she gave him a bit of the ol’ Newcy brown?