The Telegraph wrote "The Telegraph have learnt that the Premier League....." but they've never said how they learnt it. With an anonymous source they can claim anything.
The Daily Mail could report "Everton will have all their toilet paper taken away for 2 years" and people would believe it.
Far too many people slag off the media for writing BS stories but still believe everything they read.
The point here is that based on rumours and even if it is on a leak it doesn’t say the source of that leak
Can anyone please explain why we are even in this situation.
What I fail to understand is that over the last 5 years we have the 3rd lowest net spend in the premier league at £23.8m compared with the likes of Chelsea at 672.8m. We also rank only 12th in the premier league for the amount paid in salaries ..Way behind the so called top six clubs. So how can we be accused of overspending to gain an advantage over other teams?
Is it because of what we’ve borrowed so far to build the new stadium?
If that is the case then it seems to me that we are being punished for having the audacity to provide ourselves with a vehicle to bring in the revenue we are unable to obtain by competing in Europe or finishing higher in the table.
Are we supposed to accept the fact that we should know our place and leave the so called top six to carry on dominating everyone else,
Surely there have been occasions when other clubs have suffered losses because of new stadium builds, but there has been no evidence of the kind of witch hunt we are having to endure.
7/8 years ago Liverpool we’re almost about to go into liquidation before the present owners took over but there was nothing even mentioned about FFP or Premier League intervention.
Chelsea were hit with a transfer embargo a few seasons ago and yet they are now bending the rules by signing 100m players on ridiculously long contracts and yet again there seems to be no reaction to this whatsover.
I honestly believe that the Premier League do not want to severely sanction the so called “elite” clubs
but consider Everton big enough to to make an example of and send a message to all the other PL clubs.
The very fact that they have already intimated that they will appeal if Everton are cleared by Independent Hearing is a clear indication of just how eager they are to send that message.
Sorry but this quite simply isnt the way ( and yes flawed ) way in which FFP works.
Looking at nett spend is interesting but in no way does it bear true relevance to gain any perspective you have to look at income as a staring point .In the 21/22 trading year Everton’s income was circa £180 million whereas Arsenal who can 6th in income terms had double that number.Chelsea’s was £453 million
Off course the likes of Chelsea have overspent and if a FFP charge comes along so be it but you can’t quite simply look at the accounts and try to equate them to FFP or P&S submissions.But and here’s a big but it has been widely reported that in the owners first two windows when 16 players were signed for a fee that over £700 million was spent. It makes great press and may be right but in Chelsea 21/22 accounts filed in March 23 when post activity is reported it states that then16 players signed cost £386.2 million
Irrespective here’s a simple example of how the numbers submitted to UEFA & the PL differ.
In Chelsea’s 21/22 accounts the charge charge for amortisation was £160 million going into the 23/24 season just one player ( Ben Chillwell) remained whereby an amortisation charge would be reflected in PS. Due to how the rules work players like Lukaku and Kepa for instance whose accounting charge could be as much as £20 million of that £160 million being on loan the amortisation charge is deducted from Chelsea’s numbers to the loaning club.
If you look at Chillwell when his contract was ended the relevant amortisation charge is spread out even further. This point is key for all clubs because in their haste to close what was perceived as a loophole the 5 year restriction will impact all clubs who extend players contracts.
In 21/22 the new owners have taken advantage of something called impairment. They aren’t the first indeed Everton I suspect that part of their COVID losses impaired some £20 million and make mention of the depressed player values as a result of . Chelsea’s sum included in Chelseas £114.6 million loss was £76.7 million
To this point in time Chelsea’s only sanction under either FFP or the PL P&S rules have been by UEFA following self disclosure and not following a charge. Will a charge be incoming ?
Maybe but the way in which FFP has changed in 21/22 means that the focus will be wages + amortisation + agents fees ( squad costs) not exceeding 90% in year one down to around 70% in a couple of years wont For me shift the landscape whatsoever