Financial Fair Play investigation

[mahermi1]

Ossie Goes Karting!

Was gonna say that, haha, maybe the classic " Everton sign Riquelme " when they were testing a new website format..

 

[kenada_blue]

I did also think we had a legal thing that meant they had to be published publicly or at least to shareholders by 1st April.

April fools day? Lol

 

[davek]

They are absolute charlatans

I 100% believe that they've done something dodgy and the league is well within their rights to hammer us

Same Mikey, we deserve everything we get.

That doesn't mean other clubs don't also and I know I'm biased, but we deserve it more than most.

Unforgivable comments.

 

[blulouie]

Never open your mail on a Friday afternoon , its always stuff you won't like.
Have a good weekend and open it Monday.

 

[davek]

It'll be circa £50M losses for 2021/22.

And?

How on earth are people waiting anxioulsy for that to drop?

 

[Tony’s Carp]

Maybe the results are so spectacularly good that Bill is saving them to announce from the centre circle at half time on Monday night and everyone will cheer and clap a job well done.

 

[Mr Popodopolous]

Possibly

I have no idea what the audit time line was for the accounts though so couldn't comment.

Didn't seem to prevent the EFL from referring by August September for alleged breaches to June of the prior season.

 

[Neiler]

It'll be circa £50M losses for 2021/22.

And?

How on earth are people waiting anxioulsy for that to drop?

Personally to try and work out how the club are vigorously going to defend it - if it is 50 mill.

Also want to have a look at the wage bill and scope of reduction (hopefully) from 90+ %, wage to turnover.

 

[EFC_FRANCIS]

A 50 mil loss feels so indefensible. I'd of been more shocked if the PL didn't charge us

 

[davek]

Personally to try and work out how the club are vigorously going to defend it - if it is 50 mill.

Also want to have a look at the wage bill and scope of reduction (hopefully) from 90+ %, wage to turnover.

We always knew it would be something of that magnitude, that's why the club was referred.

 

[GoldenToffee]

£50m = money spent on Maupay, McNeil and Alli fees plus wages over their contracts. Don't sign awful players, don't suffer huge losses.

 

[Mr Popodopolous]

£50m = money spent on Maupay, McNeil and Alli fees plus wages over their contracts. Don't sign awful players, don't suffer huge losses.

Maupay, McNeil and some others would be reflected in the 2022-23 accounts but I see the point you're making.

 

[Mr Popodopolous]

A 50 mil loss feels so indefensible. I'd of been more shocked if the PL didn't charge us

£50m is fine provided the other losses are not too bad.

It sounds crazy me writing the above but £105m plus halved Covid year plus regular FFP allowances plus legitimate and realistic Covid losses...sounds impossible to fail.

 

[davek]

 

[Efcjake]

To be honest the PL rules at such high loss levels and I don't mean necessarily mean complex and historic breaches like Man City but the 3 year £105m plus additions plus realistic Covid allowances plus the Covid averaged 2 years it seems impossible, almost impossible to fail.

Adding £81m worth of new players and the wage bill increasing by £18m from partial Covid year to full Covid year was interesting management too.

Apologies I say £81m but the Strategic Report says £71m...but the actual Balance Sheet bit says £81m so which is it?

Didn't we sign Doucoure, Allan and James in that period the wage bill went up?