Financial Fair Play investigation

[TyphooToffee]

A Premier League statement confirmed that Everton had been charged under Rule W.82.1, the same rule that Manchester City is alleged to have breached.

“In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred an alleged breach of the League’s Profitability and Sustainability Rules by Everton Football Club to a Commission under Premier League Rule W.3.4,” it said. “The assessment period for which it is alleged that the Club is in breach is the period ending Season 2021/22.”

“The proceedings before the Commission will, in accordance with Premier League Rule W.82, be confidential and heard in private. Under Premier League Rule W.82.2, the Commission’s final award will be published on the Premier League’s website. The League will be making no further comment until that time.”

If it means we can't sign any players then, given, Moshiri's record, that's probably a relief!

 

[ToffeeTim]

And if an unscrupulous owner suddenly decides they’re going to stop writing off the losses leave the debt on the club, then what? You think Moshiri is going to keep writing off losses out of the goodness of his heart forever? The fella is the most dangerous owner in this country.

Losses do not always equal debts.

 

[Streetender1878]

BBC news used us to highlight Prem clubs flying to matches.

Oh aye saw that. Thats how ridiculous they are. The media is full of out of town tory kopites who support that team but hate this city.

 

[zebedee]

How can they sanction us now despite us providing accounts every month due to stadium build. Proper annoyed me this has. Oh look we have a chance of staying up

 

[Andy McGurk]

This feels more like what Chelsea got, the following season they relied on the kids and did pretty well...

....who was their manager at the time? Maybe we should get him in

 

[MikeH72]

Losses do not always equal debts.

It’s essentially the same thing if the owner has suddenly decided he’s not going to write the losses off anymore.

 

[Connor]

Would be more worrying if it wasnt dropped last thing Friday afternoon, btw

 

[Wat Tyler]

 

[Bedfordblue]

Didn't we loose 300plus million and we were only allowed to lose around £100? I recall there was a COVID extension but surely not allowing an extra 200? Seems like we have massively blown it apart which is very very worrying.

Exceptional losses. No one put a figure on what that could be so stuff em.

 

[Wat Tyler]

Everton Football Club is disappointed to hear of the Premier League’s decision to refer an allegation of a breach of Profit & Sustainability regulations to an independent commission for review.

The Club strongly contests the allegation of non-compliance and together with its independent team of experts is entirely confident that it remains compliant with all financial rules and regulations.

Everton is prepared to robustly defend its position to the commission. The Club has, over several years, provided information to the Premier League in an open and transparent manner and has consciously chosen to act with the utmost good faith at all times.

The Club will not be making any further comment at this time.

Prentice talking cack as per

 

[Cjplennon]

The P&S rules concept is pretty galling and inherently stops anyone challenging the elite. Maybe the The Court of Arbitration for Sport will end up involved and say it’s in unsporting to allow some teams to spend gazillions while throttling the spending of others.

Hopefully, but i doubt it massively!

 

[Peter The Dog]

if it doesn't rain, it pours.

just when i thought we were turning a corner...

 

[KindofBlue]

Club owned by an accountant, 5th highest paid board in the league. 2 year of relegation battles and now hit with FFP charges for not being able to manage funds. This bodes well for future investment.

what leadership we have. Nothing but the best indeed.

 

[davek]

There's is over many years though isn't it? They've isolated ours as just one season - so it shouldn't be as lengthy to reach a conclusion?

It'll extend well into next season I would have thought, so we could get a transfer window done.

The thing is - as we all know - EFC and the PL have been in lock step on our spending for a couple of seasons. It'd be breathtaking if the commission tried to extract the PL from any unfavourable outcome for us.


The death cult on here will be delighted, of course. But this isn't going to be a judgement that breaks the club.

A huge fine if anything.

 

[matty1878]

this is BS. so we can’t buy nxt season when we’ve been in our FFP? go and investigate every f n team in the top 4 you bad bells