2019/20 Carlo Ancelotti

[ToothPlucker]

We are around £30m under the FFP limit but what buys and sales from last summer until now will be included in next year's financial report?

 

[Goat]

We are around £30m under the FFP limit but what buys and sales from last summer until now will be included in next year's financial report?

What are you basing 30m under the FFP limit on mate?

 

[ToothPlucker]

What are you basing 30m under the FFP limit on mate?

I am not certain, we may have more leeway, by 30m more or so, but the rules are to stay within £105m losses for the past three seasons, and we just announced £110m losses for the last year? Some have said that some buys/sales will only be reflected in next year's accounts...then there's the £30m ringfenced for stadium naming rights which will help the accounts I assume until the stadium is actually built. The newspaper articles said we're within the FFP for now, but it will be a problem next year. So I am wondering which big buys, sales from the summer of 2019 onwards will be reflected next year.

We are actually only £10m or so under the FFP limit currently. I googled and found this on skysports.

"Everton's cumulative losses over the past three years now amount to £94.4m but that is enough to leave them compliant with the league's FFP rules."

So the figures from buys and sales that will be reflected next year are important.

 

[Goat]

I am not certain, we may have more leeway, by 30m more or so, but the rules are to stay within £105m losses for the past three seasons, and we just announced £110m losses for the last year? Some have said that some buys/sales will only be reflected in next year's accounts...then there's the £30m ringfenced for stadium naming rights which will help the accounts I assume until the stadium is actually built. The newspaper articles said we're within the FFP for now, but it will be a problem next year.

Yeah but some things in our losses, like money we have spent on the stadium, managers compensation and other things arent included in FFP.

So I think at this point its unclear just where we are with regards FFP.

 

[Everton19]

This weekend break could be really good for Carlo and the team. 1st time he’ll have had proper time to work with them on the training pitch. Get another week or so in early Feb.

suspect we’ll some tactical tweaks over the next few weeks and maybe a bit more cohesion in the style of football

They are off all weekend

 

[BrendanGOT]

Yeah but some things in our losses, like money we have spent on the stadium, managers compensation and other things arent included in FFP.

So I think at this point its unclear just where we are with regards FFP.

Loada rubbish being spouted mate. No one knows. Same things been said last 4 windows and we still go out and buy every time. Hopefully our accountant owner is smart enough to figure it all out so we don't end up in a dodgy position with FFP.

 

[GwladysPhil]

Loada rubbish being spouted mate. No one knows. Same things been said last 4 windows and we still go out and buy every time. Hopefully our accountant owner is smart enough to figure it all out so we don't end up in a dodgy position with FFP.

Yeah I can kind of imagine our billionaire world class accountant and his oligarch best friend know what they're doing.

 

[Simon Buttle]

Yeah I can kind of imagine our billionaire world class accountant and his oligarch best friend know what they're doing.

Agreed, certainly more so than that bellwhiff on twitter who thinks he speaks for the entire fanbase.

 

[GwladysPhil]

Agreed, certainly more so than that bellwhiff on twitter who thinks he speaks for the entire fanbase.

I don't like speaking about him, it annoys me how much he manipulated people on here,

 

[Simon Buttle]

I don't like speaking about him, it annoys me how much he manipulated people on here,

I agree mate, i find it worrying how easy people have been taken in by him and believe he is some sort of Everton guru when it's been proven time and time again he is not.

 

[GwladysPhil]

I agree mate, i find it worrying how easy people have been taken in by him and believe he is some sort of Everton guru when it's been proven time and time again he is not.

I don't like a witch hunt but it was unbelievable, makes an Everton website using his own name as URL.

 

[ToothPlucker]

Yeah but some things in our losses, like money we have spent on the stadium, managers compensation and other things arent included in FFP.

So I think at this point its unclear just where we are with regards FFP.

2016/17 - Profit of £30.6m
2017/18 - Loss of £13.1m
2018/19 - Loss of £111.8m

Total losses of £94.3m in the past 3 seasons.

The accounts just announced were up to June 30th 2019. Which means Iwobi, Kean, Gbamin, Gomes, Delph, Sidibe's loan fee of £2m (total transfers estimated at £114m and sales of Gueye, Lookman, Onyekuru, Robinson, McCarthy (estimated at £75m) - will be reflected next near.

That's almost another £40m loss in those ins and outs so we are going to have to increase our revenue massively or hope for a windfall from finishing as high up as possible. The board are talking up 'innovative' solutions but sales are inevitable and I can't see how creative accounting will save us without big sales.

If all the figures remain the same and we make no purchases or sales we are already looking at a £165m 3-year loss in 2021 for the previous 3 seasons. How can we spend £60m on top of a potential loss of £160m in the previous 3 year cycle? Does a Moshiri 'loan' cover it?

 

[ForeverBlue92]

2016/17 - Profit of £30.6m
2017/18 - Loss of £13.1m
2018/19 - Loss of £111.8m

Total losses of £94.3m in the past 3 seasons.

The accounts just announced were up to June 30th 2019. Which means Iwobi, Kean, Gbamin, Gomes, Delph, Sidibe's loan fee of £2m (total transfers estimated at £114m and sales of Gueye, Lookman, Onyekuru, Robinson, McCarthy (estimated at £75m) - will be reflected next near.

That's almost another £40m loss in those ins and outs so we are going to have to increase our revenue massively or hope for a windfall from finishing as high up as possible. The board are talking up 'innovative' solutions but sales are inevitable and I can't see how creative accounting will save us without big sales.

If all the figures remain the same and we make no purchases or sales we are already looking at a £165m 3-year loss in 2021 for the previous 3 seasons. How can we spend £60m on top of a potential loss of £160m in the previous 3 year cycle? Does a Moshiri 'loan' cover it?

You do realise FFP isnt that simple?

For example signing Gbamin for £25 million on a 5 year deal means for 2019/20 Everton have spent £5 million in FFP terms in the accounts on that deal alone.

Whereas selling Gana for £30 million when he was signed means our profit in terms of FFP factors in both what we paid for him initially and how long left in his contract he was on.

 

[ToothPlucker]

You do realise FFP isnt that simple?

For example signing Gbamin for £25 million on a 5 year deal means for 2019/20 Everton have spent £5 million in FFP terms in the accounts on that deal alone.

Whereas selling Gana for £30 million when he was signed means our profit in terms of FFP factors in both what we paid for him initially and how long left in his contract he was on.

That is a relief. Looks like we can make the odd big sale here and still spend big on players with long-term contracts. It is just the wage bill that may be a problem but that can be sorted. Thanks for the clarification.

 

[everton1953]

Agreed, certainly more so than that bellwhiff on twitter who thinks he speaks for the entire fanbase.

Who is that?