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Financial Fair Play investigation

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gwladysnight said:
It is embarrassing we are stating that we would have met P&S rules if it were not for uncrystallized COVID losses. Then stating in the latest accounts that we can't put a figure on those losses three years later.
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It's near impossible for any business, let alone a football club, to be 100% sure on the exact amount of covid losses. If you were hoping to sell your best players before covid hit then you can't be 100% sure on how much you would have got for them. Now the club has pushed the rule to the absolute limit but without any guidelines from the pl why not use those to our advantage. Chelsea has been pushing those rule also to the limit with ffp by offering ridiculous long contracts to their latest signings.
 
Neiler said:
This year 22/23 i make savings wages and ammrotisation:


22/23
Gylfi: £14.1mill
Tosun: £7.1 mill
Delph £7.76 mill
Allan: £10.8.mill
Richarlison: £12.68

= £52.4 mill.

Maybe we could be just about profitable, now that i run it, if the above is right mate.

We did sign players to so some of those above costs are redistributed.
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The 21/22 accounts would look a hell of a lot different without that 14m for Gylfi on them wouldnt they? Still borderline for a breach, depending on other deductions, but a lot closer to where we need to be.

No one can argue it was a good transfer financially but maybe it’s another small plea in mitigation that there’s 14m on the books for an unusable asset- we did do the right thing after all in suspending him for the season.
 
Tony’s Carp said:
The 21/22 accounts would look a hell of a lot different without that 14m for Gylfi on them wouldnt they? Still borderline for a breach, depending on other deductions, but a lot closer to where we need to be.

No one can argue it was a good transfer financially but maybe it’s another small plea in mitigation that there’s 14m on the books for an unusable asset- we did do the right thing after all in suspending him for the season.
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Maybe Gylfi is part of our defense - in terms of preserving league profile and integrity, be a nice 14 mill right down mate!
 
Yarrgh said:
To be honest I'm all about cheap gags now.


Having read the accounts, I think we could very well argue this all away.

Firstl I would argue about the nature of the breach. We're in the middle of a workaround in the regulations due to a once in a lifetime pandemic. We have had transfers fall through and a key player frozen out of the game for a season limiting his sale or input to the playing side, plus loss of key sponsors which required immediate efforts to be focussed there. If we took some of that we might well be compliant and so this is only a technical failing- a small slap on the wrist. It's an asterisk breach of the P&S rules if you will.

Secondly I would mitigate the percieved losses against our cooperation with the PL and the recent sales and projectory back into compliance.

If the PL chose the fair route in judgment, I'd suspect it should be a probationary period of a couple of seasons with oversight of what Everton are doing - with a fine or potentially points reduction if we don't comply with P&S during the probationary period.

Looks tough, and would suitably punish any future breaches.






Then I'd sue everyone at CAS! lol lol lol
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Can't agree more....any significant pusnishment will set a dangerous precedent and baseline to the PL...other clubs have to be careful here on their wishes to have everton deducted points because next year it can be them.
 

Yarrgh said:
To be honest I'm all about cheap gags now.


Having read the accounts, I think we could very well argue this all away.

Firstl I would argue about the nature of the breach. We're in the middle of a workaround in the regulations due to a once in a lifetime pandemic. We have had transfers fall through and a key player frozen out of the game for a season limiting his sale or input to the playing side, plus loss of key sponsors which required immediate efforts to be focussed there. If we took some of that we might well be compliant and so this is only a technical failing- a small slap on the wrist. It's an asterisk breach of the P&S rules if you will.

Secondly I would mitigate the percieved losses against our cooperation with the PL and the recent sales and projectory back into compliance.

If the PL chose the fair route in judgment, I'd suspect it should be a probationary period of a couple of seasons with oversight of what Everton are doing - with a fine or potentially points reduction if we don't comply with P&S during the probationary period.

Looks tough, and would suitably punish any future breaches.






Then I'd sue everyone at CAS! lol lol lol
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Yes I’ve been thinking the same- there are a lot of mitigating factors, especially if we can show 22/23 projections that comply. Continued oversight plus perhaps a suspended points deduction should future accounts fail to comply might be the appropriate route to ensuring rules are adhered to without throwing a club to the wolves, and binding themselves to overly harsh penalties in all future cases.
 
Seems we are doomed.

Moshiri & co have screwed us over.

Will we survive as a going concern… who knows.

I can see a double relegation looming large.
 

Big Sams Undies said:
Obviously.

I can say with 100% certainty however that Everton’s losses would NOT have been more than double that of other clubs in the PL who are comparable in terms of income, size and stature.
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Other clubs did not have to rely on having to sell their best assets. We were in a situation just before covid where we needed to sell for big a couple of players to balance the books. The economic impact to football clubs outside of the UK cannot be underestimated and so we were also stuck with players we did not want anymore on big contracts.
 
Llyrap said:
If you think about it if Saudi Newcastle and Man City (unlimited money) didn’t have the those rules imposed on them the gap would be wider. Whilst the rules prevent challengers/disruptors it actually prevents the market becoming even more distorted.

Have to remember as well that we were not that far behind Tottenham not so long ago. Some good recruitment and a mangerial
Appointment has resulted in a huge gap developing.

The issue for Brighton is going to be continuing to grow whilst their best talent is continually being cherry picked.
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Just because it would be worse if the rule were not in place doesn’t mean those that are are still fit for purpose.
 
Big Sams Undies said:
Obviously.

I can say with 100% certainty however that Everton’s losses would NOT have been more than double that of other clubs in the PL who are comparable in terms of income, size and stature.
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Well what is your qualification for judging this, over and above what an Accounting firm of professional accountants have?

And its irrelevant what other businesses do. The question is, does it make sense for a business to suffer write downs due to a once in a century pandemic. The only answer is overwhelmingly yes.

I'm happy to here your credentials as to why this is not the case though.
 

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