Financial Fair Play investigation

[everton fan number one]

Could we not use entrapment as a defence. They knew we were breaking the rules but allowed us to continue.
@GrandOldTeam could you forward the cheque from Everton to me, as you have my address.
Thanks in advance.
I know entrapment isn't allowed in English law.

Promissory estoppel is though. If they promised they wouldn’t take us to a commission and we kept spending them they could be prevented from taking further action against us.

I reckon they made no assurances to us and just put the inevitable off a bit.

 

[everton fan number one]

Good post.

I work in law too so it doesn’t count. Needs to be crackpot internet research to score points.

 

[Damo_1878]

Minor point, but they have to be submitted to Companies House by April. It usually then takes about a week for them to be published on the website and made public. Unless the Shareholders Assoc and minor shareholders receive them same time as CH?

Shareholders in recent years have literally (and disgracefully) received them the night before they appeared on Companies House

I'm led to believe

EFC shareholders have been treated with utter contempt by this board for years. Its outrageous.

My personal view: that contempt comes from Bill Kenwright and Denise Barrett-Baxendale

 

[Damo_1878]

I work in law too so it doesn’t count. Needs to be crackpot internet research to score points.

@davek was getting me so annoyed going on and on about CAS and every time I'm telling him to read the Premier League Rulebook, he's not

Dave makes my head want to explode at times

 

[everton fan number one]

@davek was getting me so annoyed going on and on about CAS and every time I'm telling him to read the Premier League Rulebook, he's not

Dave makes my head want to explode at times

Nah he’s great.

I think the issue is there 3 stages, the first commission “hearing”, appeal hearing and then arbitration.
The appeal isn’t to CAS though it’s internal to the PL handbook procedure.

 

[Damo_1878]

Nah he’s great.

I think the issue is there 3 stages, the first commission “hearing”, appeal hearing and then arbitration.
The appeal isn’t to CAS though it’s internal to the PL handbook procedure.

Yes. I agree. (Except about @davek ... he's so frustrating

).

 

[Villa_Fan]

Crystallised losses due to Covid over the 2 years were in total £82.1 million mate as they are averaged - not the total headline figure. I.E. Total Covid losses for the two years are added together and divided by 2 for 19/20 & 20/21 - so your figure is total, not the average, it’s the average that applies - so £82.1mill.

I understand that but it doesn't take away from the number used to calculate the average was 170m. This is the number that I suspect is the issue with P&S. If this number was closer to other club's Covid losses it would mean EFC would only be able to attribute about 50m to Covid as opposed to 80m

 

[Villa_Fan]

Yeah I'm aware of how it works. I was getting confused about the difference between accounting for sales and accounting for purchases - one being accounted for altogether and the other over the length of the contract. Thanks.

It does put into perspective the advantage clubs with high revenue have. It was only when writing it that it sunk in that Chelsea can buy 560m worth of players and it 'only' costs the club 70m a year. 70m is a number that clubs the size of EFC and Villa should be able to afford so it is easy to see how Chelsea are doing it. I do get that there are issues in that it is 70m a year for each of the next 8 years and also, if they need to sell a player during the 8 years they could be in real trouble as they would have to write down all remaining amortisation amounts in that accounting yeat

 

[Clarky cat]

This is something I have never understood. How could we have losses through covid so large when other clubs came nowhere near? Smacks of cooking the books to suit an agenda to me.

View attachment 207534

You try buying a sheet of plasterboard, a bag of plaster or a bag of cement during covid.

 

[RomanReigns]

Our net transfer spend over the past 5 seasons sees us 15th place with two of the sides below us clubs who were promoted within that timeframe in Brentford and Bournemouth. Only Palace, Leicester and Brighton have a lower net spend.

So the team that is 15th out of 20th for net transfer spend in the last 5 years is being accused of breaching financial fair play

This is literally a joke

It’s a witch-hunt against Everton

The rules are stupid

 

[Mr Popodopolous]

Crystallised losses due to Covid over the 2 years were in total £82.1 million mate as they are averaged - not the total headline figure. I.E. Total Covid losses for the two years are added together and divided by 2 for 19/20 & 20/21 - so your figure is total, not the average, it’s the average that applies - so £82.1mil

The crystallised losses totalled £82.1m. The average therefore would be £41m or thereabouts.

 

[Jacko93]

You try buying a sheet of plasterboard, a bag of plaster or a bag of cement during covid.

They were genuinely silly money. My plastererer had to buy from China, and it was completely untried materials that he was using. Was still twice the price (he showed me the invoice).

 

[Mr Popodopolous]

Our net transfer spend over the past 5 seasons sees us 15th place with two of the sides below us clubs who were promoted within that timeframe in Brentford and Bournemouth. Only Palace, Leicester and Brighton have a lower net spend.

So the team that is 15th out of 20th for net transfer spend in the last 5 years is being accused of breaching financial fair play

This is literally a joke

It’s a witch-hunt against Everton

The rules are stupid

The rules are stupid is a perfectly valid regulatory position to take but it isn't a witch-hunt as past losses play into future assessments.

 

[Mr Popodopolous]

They were genuinely silly money. My plastererer had to buy from China, and it was completely untried materials that he was using. Was still twice the price (he showed me the invoice).

There was no construction during 2020-21 as per Everton's own accounts so is this applicable here?

 

[RomanReigns]

The rules are stupid is a perfectly valid regulatory position to take but it isn't a witch-hunt as past losses play into future assessments.

So what do you call it when the premier league tells Everton that they have complied with the rules and told Burnley and Leeds that Everton have complied with the rules and then accuse them of not complying with the rules less than a year later?

A big whoopsie?