Financial Fair Play investigation

[Bez2k2k]

10.5m for Benitnez is pretty galling when u think of it and I assume Frank's bill will be similar

Always wondered why Rafael didn’t do donate any of his pay off to Everton in the community. Funny that.

 

[Villa_Fan]

Unfortunately, not correct.

For those reading, we appear to be around 25m over. Around 20% over.

I don't know where u are getting that but the numbers in the EFC financial statements are the numbers I shared. Can you elaborate on which year I have wrong? or where my error is?

 

[Villa_Fan]

The point was you didnt personally deduct the costs. You don't have the authority to do so.

Stop acting like a child

 

[bobbymill]

EXCLUSIVE: Case against Everton could be completed THIS SEASON

EXCLUSIVE: As reported by Sportsmail, Everton's rivals had expressed unhappiness at the timing of the charges after being given assurances last summer that Everton had no case to answer

www.dailymail.co.uk

 

[catcherintherye]

I don't know where u are getting that but the numbers in the EFC financial statements are the numbers I shared. Can you elaborate on which year I have wrong? or where my error is?

Well you need to adjust for the accepted write downs. That's the standard accounting practice.

 

[catcherintherye]

Stop acting like a child

I'm a bit lost by this. You seem a bit angry.

 

[Villa_Fan]

Well you need to adjust for the accepted write downs. That's the standard accounting practice.

Show me what numbers are wrong, I have taken those from each year's set of accounts, they are all available on the club's website

 

[Damo_1878]

View attachment 207706
What does this mean?

The majority shareholder who is reliant on support from their majority shareholder?

Moshiri is reliant on Usmanov who is currently unable to use his money?

So essentially, if we go down, we are unbelievably screwed?

The majority shareholder is a company in the Isle of Man. That is ultimately owned by Moshiri

 

[Efcjake]

This part is rather funny.

 

[Bez2k2k]

The majority shareholder is a company in the Isle of Man. That is ultimately owned by Moshiri

Surly the majority shareholder they are referring to is Usmanov, no?

 

[kenada_blue]

Not many rays of sunshine in those accounts. This FFP distraction to one side, our cost and income fundamentals aren't showing much sign of improvement on the scale required to get us genuinely sustainable.

Wages to turnover is at least getting better.

The income side is just annoying. Falling ever further behind those we aspire to compete with and no real sign of a plan to bridge that gap aside from the obvious at BMD.

Going concern notes don't get much more scathing than that without necessitating a change in accounting basis.

You have to have success on the pitch to get the income up. We're the 19th richest in world football for commercial revenue. We have the biggest shirt sponsorship deal outside the "big 6".

That's an awful relegation threatened side with zero European football. Can't see how we can improve that unless we get better on the field.

 

[gwladysnight]

I see.

I mean its pretty farcical if they were accepted one minute and rejected the next. I'm not sure how anyone could have any faith in such a regulator really.

Schrodingers wrote downs, both accepted and rejected.

Unfortunately most football fans, and journalists are too thick to see the inherent contradiction.

Not really we were supposed to supply the Premier League with our 20/21 accounts before the 1st of March 2022. Our accounts for that period were filed late. Significantly we have changed auditors since then. That is despite Moshiri stating that BDO would remain our auditors.

 

[Damo_1878]

Surly the majority shareholder they are referring to is Usmanov, no?

No. That would be illegal.

It would be like admitting an illegal act in a legally required company annual report

A report that HMRC will read. Plus other government agencies.

A criminal act that would potentially see people go to jail for breaching Russia & Belarus sanctions laws

Bill Kenwright and Denise Barrett Baxendale as company directors would be equally liable in that event.

 

[Johnnytotal]

We are finished.

 

[shafe1878]

18/19 (111.8m)
19/20 (72.5m)
20/21 (106.1m) Avg of ’20 & ’21 = (89.3m)
21/22 (36.4m)

P&S loss (237.5)

Which appears to be a P&S breach of 132.5m

are you including the 200mil off the stadium in your workings