Can you read/understand that?
Medical completed – as we knew
Apparent snag between Madrid and James
Will the deal happen? Could do
Could this cause it collapse? Also possible
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Can you read/understand that?
Cheers mate. so no actual information then.Medical completed – as we knew
Apparent snag between Madrid and James
Will the deal happen? Could do
Could this cause it collapse? Also possible
I did a google translateCan you read/understand that?
Whatever floats your boatHope you dont mean back passage!
Anyone got the full story?
Sadly not. Just see a bit about us potentially being the biggest beneficiaries.Anyone got the full story?
Clubs in danger of breaching the Premier League’s financial regulations have been given a stay of execution after it secretly relaxed its profit and sustainability rules due to the coronavirus pandemic.
Top-flight clubs’ finances will now be assessed over an average of last season and next season together rather than just the 2019-20 campaign.
The clubs will also be allowed to write off any losses or extra spending caused by the Covid-19 crisis, such as reduced gate receipts or lower television income.
Everton are potentially the biggest beneficiaries of the rule change, which was agreed by the top-flight clubs at their annual meeting last month as it has bought them more time.
The rules state that clubs’ maximum permitted losses are £105 million over a rolling three-year period, but the Covid pandemic could cost clubs tens of millions of pounds in lost TV revenue and matchday income.
The Premier League announced yesterday it has terminated its biggest single overseas TV deal, a £526 million three-year contract with China’s PPTV, just a year into the deal after an unpaid £160 million fee.
Everton recorded losses of £13 million in 2017-18 and £111 million in 2018-19, putting them in severe danger of being sanctioned if they did not make a profit last season. Those fears have now been reduced by the Premier League’s rule change, which also explains how Everton have been able to afford moves for Real Madrid’s Colombian forward James Rodriguez, Abdoulaye Doucouré from Watford, and Napoli midfielder Allan.
The Premier League’s board has the power to impose a spending budget on a club that breaches the rules and to impose a transfer ban. It can also refer cases to a regulatory commission which can impose a range of sanctions from fines up to a points deduction.
The clubs’ rule change, which was not formally announced by the Premier League at the time it was made last month, mirrors Uefa’s changes to its financial fair play rules.
Uefa announced in June it would allow owners to put more money into their clubs to cover increased losses caused by football’s shutdown. It also said that FFP would be measured over two seasons instead of one.
lol"Those fears have now been reduced by the Premier League’s rule change, which also explains how Everton have been able to afford moves for Real Madrid’s Colombian forward James Rodriguez, Abdoulaye Doucouré from Watford, and Napoli midfielder Allan."
Esk In shambles