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catcherintherye
Player Valuation: £80m
Yes thats also true. And it's why these things are always messy.
What I suspect is that the club have got some deductions in for stuff like this, and the PL have for whatever reason stated either they don't agree, or they want to take further guidance.
The issue is, outside of the bubble of football, these sort of write downs are perfectly common practice. People get all pearl clutchy with football, as it's followed by a lot of thick, rentagob know it alls who know very little, but in the real world this sort of creative accounting is almost the norm. And honestly, it would not be some big issue that such a decision was taken. There will be thousands are far more egregious examples.
None of this will register with the sort of thick dullards who pass as football finance journalists though, who probably couldn't spell maintenance capex if you asked them.
good times bad times
Player Valuation: £8m
Absolute disgrace that. The people running this club must think everyone else are mugs including the Everton fanbase.
Damo_1878
Don't care. Not bothered.
@davek and @Neiler with some ridiculous level of wishful thinking on the previous few pages
Any thought PremierLeague P&S is going to disappear is fanciful nonsense from you two
It isn't. Its going to the independent commission
Everton don't really have a leg to stand on.
The only thing they can argue is in T+1 profits are being booked from the Gordon sale
To hope that reduces the penalty coming to Everton Football Club
Any thought PremierLeague P&S is going to disappear is fanciful nonsense from you two
It isn't. Its going to the independent commission
Everton don't really have a leg to stand on.
The only thing they can argue is in T+1 profits are being booked from the Gordon sale
To hope that reduces the penalty coming to Everton Football Club
catcherintherye
Player Valuation: £80m
If they tried to pull some of the stunts they might, there really needs to be protests outside of these hearings, outside of PL HQ and at the alleged experts involved. It would be an utter scandal, and they would need to be made aware their disgraceful actions would have consequences, with people taking their right to protest them.
Damo_1878
Don't care. Not bothered.
They did for LAST YEARS submitted accounts (the "evidence")
This is this year. That were submitted 01 March
Damo_1878
Don't care. Not bothered.
"No one wants it"
It's not FFP. It's "Profit and Sustainability"
Everton aren't subject to FFP as we are not in Europe
EFC have been liaising with the PL for 12 to 18 months regarding their finances.
davek
Player Valuation: £150m
Investment into the PL is huge and you cant hold that back. The game's authorities just dont want to face up to rigidly policing that with the type of takeovers hapening and that will continue to happen. And it's a restraint on trade.
Damo_1878
Don't care. Not bothered.
catcherintherye
Player Valuation: £80m
I'm afriad that is just untrue mate.
P&S could very easily fall. It looks completely illogical at present, that a club who has spent negative 30 million is being penalised for spending too much while a team that spends 650m in a single season allegedly can't compete with us. But that's a slight aside.
This decision has been referred to a commission to look more closely at this. We have no idea what they will conclude.
Likewise, unless you have seen the accounts, you can't really say if Everton do or don't have a leg to stand on. What we can say, is the club have published accounts which they believe are compliant with the regulations. They will have been signed off by legal and accounting experts, far more qualified than you or I. It doesn't mean they are correct, but it also means the club clearly have some defence.
I don't know what t+1 profits refer to, but the Gordon sale will make no difference as it's not in these accounts. Any logical organisation, would look at a first offence, for a club ravaged by the duality of a once in 100 years pandemic, and once in 80 years war, and conclude that they should be given a year or 2 to reolve the difficulties, which the club likely will have. That would be the reasomable thing to do. But the PL are fundamentally unreasonable people, upholding an unjust system.
Profit and sustainability then.
Its going to run out of steam because eventually clubs such as our selves will say enough is enough.
They serve the big 6 only.
Once Newcastle make up some fancy sponsorship deals and get involved then it will further underline how they protect the big six and clubs will say enough is enough.
Damo_1878
Don't care. Not bothered.
It's not though. The European courts found FFP was compliant with EU competition law when the UK was still in the EU.
You've no basis to make these statements Dave
Stop trying to deflect. This incompetent board have messed up big big time
That's where the issue lies. No where else.
catcherintherye
Player Valuation: £80m
What it means though, is the PL are partially complicit.
And no rules to date have been broken. Even the PL have stated that.
It should also be noted, if we were liaising, surely there is some onus on the PL to give appropriate advice?
I'm not naive mate. But I'm not in the business of wetting my pants like others on here.
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