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January Transfer Window 2023

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mahermi1 said:
You mean Newcastle actually planned ahead a good strategy, I thought everyone done as our board do...
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Screenshot_20230111_230122_WhatsApp.webp
 

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.
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I think if we can stay tight for 2 more seasons then were back in business.

Or sell players
 


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