Financial Fair Play investigation

[Mr Popodopolous]

PL rules and EFL rules are not even comparable for mitigation nor precedent.

This is a test case but I think the EFL have the right idea tbh.

What would you propose as fair? This is truly uncharted ground...the rules are harmonised ironically the PL are keen on this state of affairs.

I don't see that any PL clubs should be dealt with any more lightly than a Championship club, do you? If found guilty obviously.

 

[Charlie Sweet]

Wind it in, you do not have any mutual friends with Mr Moshiri or the 777 Sports Group or whatever they are called. Moderators, keep an eye on this one please.

Okay love.

Looking forward to the apology in due course x

 

[brieverton]

Just for completeness my understanding of the 777 takeover deal being done is subject to a guarantee from Moshiri to cover off any fine/penalty we get in respect of this.

I don't have a link as its literally news from a friend that's very close to this.

It's good news..

We could be docked points though. That can't be covered off and is far more.serious.

 

[mahermi1]

Who would attract attention from bigger clubs?Genuinely?

Who would you class as not bigger than us at the moment ? Pickford, Onana........
................. Erm..............well Pickford and Onana, hang on there's someone at the front door..

 

[allen]

We could be docked points though. That can't be covered off and is far more.serious.

Yeah. No chance there's a takeover while that guff is going on.

 

[roydo]

This is a test case but I think the EFL have the right idea tbh.

What would you propose as fair? This is truly uncharted ground...the rules are harmonised ironically the PL are keen on this state of affairs.

I don't see that any PL clubs should be dealt with any more lightly than a Championship club, do you?

Everton will be judged on the PL rules we signed up to as one of 20 member clubs. It literally has zip to do with the EFL rules Derby and Reading signed up to. The absolute certainty is the PL will not want their rules being trumped or otherwise by the EFL. Like I said, no precedent leaks from EFL to PL.

Whether it is "fair" or not is academic.

 

[mahermi1]

Why’s that? He received that ban from his time at Juventus and that club has been recently punished in the form of a points deduction.

That being said, it would be fantastic if our Directors were given a similar punishment.

Excellent post.

 

[Villa_Fan]

Amortisation was what got them in the end, the sale was unbelievably cleared. They also didn't release accounts for 3 years so yes it's not wildly comparable.

Everton is more of a straight up accusation of breaching loss limits IMO.

The sale of the ground was not cleared. The value of the sale was cleared but DCFC recorded the sale in the wrong year. This was their big undoing. Their amortisation procedures were not allowed in English football which caused them problems with that

 

[Villa_Fan]

It's more straight forward in the sense that the aurthorities know they're dealing with a solvent organisation that's been fully co-opertaing with an investigation into their spending.

Everton/Derby = Apples/Pears.

You are correct, there is nothing similar to with the DCFC and EFC issues. The bottom line is DCFC knowingly and deliberately falsely accounted for the sale of the ground and used amortisation methods which are not allowed in England. They did this to try and cheat the system and they tried to deceive the FA. They were caught cheating and rightly had the book thrown at them. EFC was not trying to cheat, EFC just overspent and got too many bad / old players and a string of managers that didn't work out for them. EFC were stupid/unlucky, DCFC were premeditated cheats

 

[roydo]

The sale of the ground was not cleared. The value of the sale was cleared but DCFC recorded the sale in the wrong year. This was their big undoing. Their amortisation procedures were not allowed in English football which caused them problems with that

Didnt the Derby owner take the absolute pee with the valuation of it?

 

[Mr Popodopolous]

The sale of the ground was not cleared. The value of the sale was cleared but DCFC recorded the sale in the wrong year. This was their big undoing. Their amortisation procedures were not allowed in English football which caused them problems with that

They eventually had to restate accounts. Sheffield Wednesday put the ground in the wrong season although the EFL advice didn't help. The valuation was deemed £30m too high for Derby but that part of the case they seemed to win.

 

[Mr Popodopolous]

Everton will be judged on the PL rules we signed up to as one of 20 member clubs. It literally has zip to do with the EFL rules Derby and Reading signed up to. The absolute certainty is the PL will not want their rules being trumped or otherwise by the EFL. Like I said, no precedent leaks from EFL to PL.

Whether it is "fair" or not is academic.

PL imposed the P&S rules on the EFL pretty much. For me punishment should fit the crime.

Granted the two bodies enforce differently.

 

[Villa_Fan]

Didnt the Derby owner take the absolute pee with the valuation of it?

He took the pee but not the absolute pee , He overestimated it by about 25m more than Villa valued Villa Park (75m v 50m). I think the FA accepted the valuation because they had him by the short and curlies as he took the absolute pee and recorded the sale of the ground in a different year than when it was sold in order to fudge the FFP numbers.

 

[Walken]

This is a test case but I think the EFL have the right idea tbh.

What would you propose as fair? This is truly uncharted ground...the rules are harmonised ironically the PL are keen on this state of affairs.

I don't see that any PL clubs should be dealt with any more lightly than a Championship club, do you? If found guilty obviously.

Destroying clubs for years because of the current owners, sometimes permanently? You think thats the correct course of action and the EFL have it right?

Keep your fingers crossed though, guess loads more, throw a few financial words in and hopefully you get your wish and we get obliterated, hundreds lose their jobs, the new stadium goes under and the city misses out on desperately needed jobs and revenue.

Yes the EFL have it right.

 

[Mr Popodopolous]

Destroying clubs for years because of the current owners, sometimes permanently? You think thats the correct course of action and the EFL have it right?

Keep your fingers crossed though, guess loads more, throw a few financial words in and hopefully you get your wish and we get obliterated, hundreds lose their jobs, the new stadium goes under and the city misses out on desperately needed jobs and revenue.

Yes the EFL have it right.

Okay when you put it like that maybe not! I suppose they would argue it's to vindicate and deter as well as punish.

They've historically been more draconian iirc. You know who is in charge of it now...Rick Parry. Dunno if he's a hardliner.