Financial Fair Play investigation

[Damo_1878]

Of course you do.

I will continue to do so as well

 

[bullybeef]

It's April Fools Day

The fools are Everton’s board of directors.

 

[Yarrgh]

Don't think I'd know what to do without the lawyers and ffp experts on here

I like waking up to find the midnight law society and nocturnal accountants have hammered out another 20 pages.

 

[twoblue]

Same as any other PL club

Agreed but it depends where in the cycle of rebuild you are. We had spent up and needed a sale prob at that specific year.
And no other pl club has ever been hit with ffp.

 

[chuffy]

If they sanction us are the Premier League going after Man United Nearly Billion pound in debt

Profit & Loss isn't about debt - it's about Profit & Loss.

Man Utd make healthy revenue, but their debt is to do with the weird way in which the Glazers bought the club. They bought the club with loans leveraged against the club assets. They owe $650m in debt, and that figure fluctuates in GBP because of the exchange rate.
I don't quite know how it works exactly, but they have sort-of made the club buy itself, and I believe they've used twice the purchase amount in club revenue simply servicing that debt.

As a business it is profitable. That's why they aren't breaking the rules. Everton are ran like some sort of loss-making money laundering scheme, which is weird because it's not like the money comes from an Oligarch or anything...

 

[gazzaa2]

So now we know where we stand with regards to the cahrge, i make our loss position this:

Year 1: £111.8 mill loss

Year 2: £42.25 loss - two years averaged - Covid losses.

Year 3: £36.4m - less covid losses.

Total: 190.45

Ill deduct £45 mill over the three years to conservably reflect allowed deductions for women's footballs, community and academy.

Total: £145.45

I make it we are over £40 mill in breach.

Why not just claim another 40 million in Covid losses?

 

[coleman=quality]

Think it’s game over for this club now, the rules are a joke tho doesn’t help other clubs close the gap on the top teams just makes the gap harder to close.

 

[Mr Popodopolous]

Why not just claim another 40 million in Covid losses?

You can claim what you like, the problem is proving it.

It's like sticking a finger in the air or whistling in the wind.

 

[Mr Popodopolous]

I do wonder if the "going concern" stuff in the annual report was in part a little reminder to the PL of the severe consequences of any punishment that might result in relegation. A historically huge club, midway through constructing one of the best stadiums in the country being helped along the road to insolvency by the league's own "sustainability" rules can't really be something they'd relish or intend.

Irrelevant consideration IMO.

 

[Mr Popodopolous]

Points deduction this season = Relegation

The auditors stated that relegation could lead to insolvency.

Insolvency in the championship = points deduction and possible relegation as a result.

It’s not too outrageous and this is Everton we are talking about here!

12 point deduction and 2 year Business Plan post admin at the level. A further 15 points if minimum creditor criteria not met.

Could insolvency ironically trigger FFP issues too in some kinda downward spiral. That too would being a points deduction or deductions.

 

[ForeverBlue92]

12 point deduction and 2 year Business Plan post admin at the level. A further 15 points if minimum creditor criteria not met.

Could insolvency ironically trigger FFP issues too in some kinda downward spiral. That too would being a points deduction or deductions.

Come on mate, who do you support ? lol

 

[Mr Popodopolous]

Come on mate, who do you support ? lol

Bristol City tbh. I am though interested as the FFP at PL level for a prior season breach this is wholly new ground.

Forgetting the doom spiral nonsense there is new and interesting ground.

 

[blulouie]

Bristol City tbh. I am though interested as the FFP at PL level for a prior season breach this is wholly new ground.

Forgetting the doom spiral nonsense there is new and interesting ground.

Btw
FFP is only for teams in Europe mate.

Prem is P&S ...Profit & sustainability rules.

Either way both stink

 

[COYBL25]

Don't think I'd know what to do without the lawyers and ffp experts on here

Introduce them to the posters in the relegation thread, who are able to see into the future ?

 

[blulouie]

Introduce them to the posters in the relegation thread, who are able to see into the future ?

Or the Calvert Lewin thread , it's full of Doctors & Psychiatrists.