Install the app
How to install the app on iOS

Follow along with the video below to see how to install our site as a web app on your home screen.

Note: This feature may not be available in some browsers.

January Transfer Window 2023

Status
Not open for further replies.
I do think that discussions are going on with a number of clubs about the possible signing of a number of players so I won't get hysterical and keep shouting come on kev wake up, don't take another Flexi day etc etc. The thing that is the most unforgivable aspect is that we've had months to have done deals over players and they should be in now and not be left to as late as possible to avoid paying an additional four weeks wages.
 
Re FFP and accounts, here’s an extract from yesterday’s Athletic article, appropriately titled “why Everton aren’t splashing the case while their relegation rivals are”:

Money remains tight. The sale of Richarlison last summer became a necessity but it only helped meet bottom lines. After cumulative losses of £386m across their last four sets of published accounts, it will be a while until they are completely out of the woods. Years of reckless spending in the early years under Farhad Moshiri, but also between 2018 and 2021, have brought them to this point..

Premier League rules currently permit losses of £105m over the usual three-year cycle. Due to the impact of COVID-19, the decision was taken to roll financial years 2020 and 2021 into an average, creating a new four-year cycle. Clubs can write off expenditures on their women’s teams, academies and community initiatives from their profit and loss calculations, as well as certain crystallised and uncrystallised COVID losses. In Everton’s case, they were allowed to deduct a sum of £170m for the years 2020 and 2021 from their final submission. Expenses on their new stadium project post-February 2021, when they were granted planning permission, can also be omitted.

The next set of published accounts (for 2021-22) is coming later this year and is likely to show that they have made some inroads when it comes to reducing their losses. Richarlison and Lucas Digne were both sold before the end of the financial year, while high-earners James Rodriguez and Bernard also departed — those final two alone amounted to a saving of more than £300,000 per week off the wage bill. They have also looked to cut costs in other areas, employing staff to solely focus on making efficiencies across departments.

The problem for Everton, though, was that the Premier League’s most recent financial fair play calculation (for accounts to be published shortly) saw the much smaller loss of £13m in 2018 replaced by what was expected to be a much greater sum. Through that lens, Richarlison’s departure merely kept their heads above water — it was not a long-term solution by itself.

Future accounts should show the value of efficiency savings, as well as the impact of the departures of other high-earners such as Fabian Delph, Gylfi Sigurdsson and Cenk Tosun from the wage bill.
 
Houghty19 said:
I do think that discussions are going on with a number of clubs about the possible signing of a number of players so I won't get hysterical and keep shouting come on kev wake up, don't take another Flexi day etc etc. The thing that is the most unforgivable aspect is that we've had months to have done deals over players and they should be in now and not be left to as late as possible to avoid paying an additional four weeks wages.
Click to expand...
We can't compete, so other clubs get their business done and we have to wait to the end to see whats left, the scraps if you will.
 

BigDuncTributeBand said:
Re FFP and accounts, here’s an extract from yesterday’s Athletic article, appropriately titled “why Everton aren’t splashing the case while their relegation rivals are”:

Money remains tight. The sale of Richarlison last summer became a necessity but it only helped meet bottom lines. After cumulative losses of £386m across their last four sets of published accounts, it will be a while until they are completely out of the woods. Years of reckless spending in the early years under Farhad Moshiri, but also between 2018 and 2021, have brought them to this point..

Premier League rules currently permit losses of £105m over the usual three-year cycle. Due to the impact of COVID-19, the decision was taken to roll financial years 2020 and 2021 into an average, creating a new four-year cycle. Clubs can write off expenditures on their women’s teams, academies and community initiatives from their profit and loss calculations, as well as certain crystallised and uncrystallised COVID losses. In Everton’s case, they were allowed to deduct a sum of £170m for the years 2020 and 2021 from their final submission. Expenses on their new stadium project post-February 2021, when they were granted planning permission, can also be omitted.

The next set of published accounts (for 2021-22) is coming later this year and is likely to show that they have made some inroads when it comes to reducing their losses. Richarlison and Lucas Digne were both sold before the end of the financial year, while high-earners James Rodriguez and Bernard also departed — those final two alone amounted to a saving of more than £300,000 per week off the wage bill. They have also looked to cut costs in other areas, employing staff to solely focus on making efficiencies across departments.

The problem for Everton, though, was that the Premier League’s most recent financial fair play calculation (for accounts to be published shortly) saw the much smaller loss of £13m in 2018 replaced by what was expected to be a much greater sum. Through that lens, Richarlison’s departure merely kept their heads above water — it was not a long-term solution by itself.

Future accounts should show the value of efficiency savings, as well as the impact of the departures of other high-earners such as Fabian Delph, Gylfi Sigurdsson and Cenk Tosun from the wage bill.
Click to expand...
This is the issue they've driven us into such a poor financial position that we are scratching around for deals with clubs who will accepted structured payments for players who might not be good enough ala Mcneil or Maupay. Its a mess and partly why Fraudhad's statement is insanely delusional. A failing business that's having to asset strip and is consequently failing in a sporting perspective only heads one way.
 
BigDuncTributeBand said:
Re FFP and accounts, here’s an extract from yesterday’s Athletic article, appropriately titled “why Everton aren’t splashing the case while their relegation rivals are”:

Money remains tight. The sale of Richarlison last summer became a necessity but it only helped meet bottom lines. After cumulative losses of £386m across their last four sets of published accounts, it will be a while until they are completely out of the woods. Years of reckless spending in the early years under Farhad Moshiri, but also between 2018 and 2021, have brought them to this point..

Premier League rules currently permit losses of £105m over the usual three-year cycle. Due to the impact of COVID-19, the decision was taken to roll financial years 2020 and 2021 into an average, creating a new four-year cycle. Clubs can write off expenditures on their women’s teams, academies and community initiatives from their profit and loss calculations, as well as certain crystallised and uncrystallised COVID losses. In Everton’s case, they were allowed to deduct a sum of £170m for the years 2020 and 2021 from their final submission. Expenses on their new stadium project post-February 2021, when they were granted planning permission, can also be omitted.

The next set of published accounts (for 2021-22) is coming later this year and is likely to show that they have made some inroads when it comes to reducing their losses. Richarlison and Lucas Digne were both sold before the end of the financial year, while high-earners James Rodriguez and Bernard also departed — those final two alone amounted to a saving of more than £300,000 per week off the wage bill. They have also looked to cut costs in other areas, employing staff to solely focus on making efficiencies across departments.

The problem for Everton, though, was that the Premier League’s most recent financial fair play calculation (for accounts to be published shortly) saw the much smaller loss of £13m in 2018 replaced by what was expected to be a much greater sum. Through that lens, Richarlison’s departure merely kept their heads above water — it was not a long-term solution by itself.

Future accounts should show the value of efficiency savings, as well as the impact of the departures of other high-earners such as Fabian Delph, Gylfi Sigurdsson and Cenk Tosun from the wage bill.
Click to expand...

... and then we made the wonderful financial decisions to spend the majority of the Richarlison money on McNeil and Maupay, and leverage all that hard work done to reduce the wage bill by adding a further 100k per week total for the above two players, guaranteed until 2027.

What a club - financial masterclass.
 

Jcr1878 said:
even if we do stay up this season which is hard to imagine, next season will be more of the same scrimping and saving. Selling our few decent players for mediocre ones
Click to expand...
Pickford's sale is our summer budget essentially. Sell every player with any quality and keep sinking it reeks of what happened to Leeds
 
Axlswhk said:
It’s down to the hard working mentality of their players. The board can lay down the foundation but the hard work must be done by the players on the pitch. They press hard and fought hard every game. Any team that works extremely hard will punch above its weight.
Click to expand...
Because the culture changed they now fear they will be replaced by better players if they don't perform. Our players aren't even expected to win most games. Defeatist culture from the top down.
 

Status
Not open for further replies.

Welcome

Join Grand Old Team to get involved in the Everton discussion. Signing up is quick, easy, and completely free.

Register
Back
Top