Financial Fair Play investigation

[Moomin]

Sad day in Everton's history that we scrape escaping relegation last season by cheating.

They should throw the book at us.

We need to repent for our sins.

 

[MIKE85]

It's not. It's exactly the same charge...W.3.4.

Yes we broke one of the same rules. City broke numerous rules.

Source: https://www.independent.co.uk/sport...-financial-rules-premier-league-b2276582.html

"​

Man City’s alleged breaches of Premier League rules​

1. In respect of each of Seasons 2009/10 to 2017/18 inclusive, the Premier League Rules applicable in those seasons that required provision by a member club to the Premier League, in the utmost good faith, of accurate financial information that gives a true and fair view of the club’s financial position, in particular with respect to its revenue (including sponsorship revenue), its related parties and its operating costs, namely:

(a) for Season 2009/10, Premier League Rules B.13, C.71, C.72, C.75 (amended to C.79 from 10 September 2009 for the remainder of Season 2009/10) and C.80;

(b) for Season 2010/11, Premier League Rules B.13, C.78, C.79, C.86 and C.87;

(c) for Season 2011/12, Premier League Rules B.13, E.3, 4, E.11 and E.12;

(d) for Season 2012/13, Premier League Rules 16, E.3, E.4, E.11 and E.12;

(e) for Season 2013/14, Premier League Rules 15, E.3, E.4, E.11, E.12 and E.49;

(f) for Season 2014/15, Premier League Rules 16, E.3, E.4, E.11, E.12 and E.50;

(g) for Season 2015/16, Premier League Rules 16, E.3, E.4, E.11, E.12 and E.50;

(h) for Season 2016/17, Premier League Rules16, E.3, E.4, E.11, E.12 and E.51;

(i) for Season 2017/18, Premier League Rules B.16, 3, E.4, E.11, E.12 and E.51.

2. In respect of:

(a) each of Seasons 2009/10 to 2012/13 inclusive, the Premier League Rules applicable in those Seasons requiring a member club to include full details of manager remuneration in its relevant contracts with its manager, namely:

(1) for Seasons 2009/10 to 2011/12 inclusive, Premier League Rules Q.7 and Q.8; and

(2) for Season 2012/13, Premier League Rules P.7 and P.8;

(b) each of Seasons 2010/11 to 2015/16 inclusive, the Premier League Rules applicable in those Seasons requiring a member club to include full details of player remuneration in its relevant contracts with its players, namely:

(1) for Seasons 2010/11 and 2011/12, Premier League Rules K.12 and K.20;

(2) for Season 2012/13, Premier League Rules T.12 and T.20;

(3) for Seasons 2013/14 and 2014/15, Premier League Rules T.12 and T.19; and

(4) for Season 2015/16, Premier League Rules T.13 and T.20.

3. In respect of each of Seasons 2013/14 to 2017/18 inclusive, the Premier League Rules applicable in those Seasons requiring a member club to comply with UEFA’s regulations, including UEFA’s Club Licensing and Financial Fair Play Regulations, namely:

(a) for Season 2013/14, Premier League Rule B.14.6

(b) for Seasons 2014/15 to 2017/18 inclusive, Premier League Rule B.15.6.

4. In respect of each of the Seasons 2015/16 to 2017/18 inclusive, the Premier League Rules applicable in those Seasons on Profitability and Sustainability, namely:

(a) for Season 2015/16, Premier League Rules E.52 to E.60; and

(b) for Seasons 2016/17 and 2017/18, Premier League Rules E.53 to E.60.

5. In respect of the period from December 2018 to date, the Premier League Rules applicable in the relevant Seasons requiring a member club to cooperate with, and assist, the Premier League in its investigations, including by providing documents and information to the Premier League in the utmost good faith, namely:

(a) for Season 2018/19, Premier League Rules B.16, B.19, W.1, W.2, W.12 and W.13;

(b) for Season 2019/20, Premier League Rules B.16, B.19, W.1, W.2, W.12 and W.13;

(c) for Season 2020/21, Premier League Rules B.16, B.19, W.1, W.2, W.12 and W.13;
"

 

[barneygumble]

Don't actually agree

A business owner should be allowed to invest whatever they like. If they make big losses then so be it. Businesses fail when they can't cover their debts, not when the P&L shows a loss.

Correct.

In no other business can an investor be limited in how much money they inject into their business.

Sustainable or not, that’s the fair business model.

 

[marmor]

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.

Im sure if the right smart people can make up the valid arguments, I’m pretty confident it’s anti competition and possibly illegal this ffp and p&s garbage.

we should charge the premier league for a crap unsporting rule (not law).

 

[matty1878]

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.

we have to be given a fine and no transfer ban

 

[ChrisPW75]

We haven't actually spent much at all in recent years so I find the timing slightly bizarre. We are a woefully run club but I find the whole financial "fair play" rules an utter nonsense and they should be thrown out of football.

In no other industry is a business owner, who can cover all their liabilities, told they cannot invest more of their own money.

In every other industry if you make losses year after year for .any years then it goes out of business and finishes being a going concern. Which was the premis of the whole ffp to begin with. Allegedly.

 

[Librarian]

The damage here is in the ‘search for investment’,

 

[matty1878]

Im sure if the right smart people can make up the valid arguments, I’m pretty confident it’s anti competition and possibly illegal this ffp and p&s garbage.

we should charge the premier league for a crap unsporting rule (not law).

it’s BS mark we will just leg them!

 

[matty1878]

The damage here is in the ‘search for investment’,

na

 

[Moderatelywarmwater]

Somewhat worried that we can face financial and or sporting penalties…


And that’s essentially a points deduction isn’t it?

I think I need a stiff drink

 

[ChrisPW75]

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

COVID seems to be our only mitigation but what weight they apply to that is anyones guess

 

[ToffeeTim]

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

Not necessarily

 

[Moderatelywarmwater]

Correct.

In no other business can an investor be limited in how much money they inject into their business.

Sustainable or not, that’s the fair business model.

Currently this is utterly irrelevant.

we agreed to abide by the rules, we signed a legal commitment to do so.

That you or the club may not agree with them is utterly irrelevant right now.

 

[tommytowne]

Destroying the planet one day, then cheating Burnley out of their place in the PL the next.
Oh the joys of being an Evertonian.

 

[uglykidjoe1982]

Correct.

In no other business can an investor be limited in how much money they inject into their business.

Sustainable or not, that’s the fair business model.

Yeah,but most businesses go bust if they overspend. The likes of Southampton and Leicester ‘went into administration’ and came back stronger. If you want to be allowed to gamble, you’ve got to be allowed to lose.

So unless you want 150 year old clubs going to the wall and gutting their communities, it’s better to constrain what they can spend