Yes, for the Ground only ... they withdrew the other investment due to a loan that Moshiri wanted them to pay off set up allegedly by BK worth Millions - from a Cheshire based company ....
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AndyRJ
Player Valuation: £5m
Yeah i know, there is still a massive hole in the financing for the ground but I was worried that this loan wasn't going to materialise either and that we'd be pulling the plug on the stadium build before long.
This gives us some breathing space at least and I think it also means this 777 takeover/ investment is a smoke screen.
Yes, but mid-October we are up for 25 breaches of the FFP rules ....
royalbalou
Player Valuation: £20m
I thought it was just the one breach whereas the denims had over 100?
BlueStevie35
Player Valuation: £70m
Where are you getting 25 from? It’s only one charge
AndyRJ
Player Valuation: £5m
It's only one isn't it? In relation to a tax or vat issue with the stadium or something similar. Presumably we've treated something in the accounts in such a way which meant we were inside FFP but if what we've done is wrong potentially means we actually breached it.
We have blamed Covid for continually overspending 340 + million in debt over 3 seasons ....
Its only 1 Joey as far as we are aware.
I read somewhere 25?
Tbf I have pals that work for Jaguar Land Rover and they are off all the time because they still cannot get the parts needed from China. I imagine that still has something to do with covid even all those years ago. The world shut down and therefore every factory in China that makes every screw and nail had to shut. The knock on effect has been massive.
Earlier this year, Everton posted financial losses for the fifth year in a row, and they are soon required to go before an independent commission for an alleged breach of FFP rules.
From the Premier League website:
In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred an alleged breach of the League’s Profitability and Sustainability Rules by Everton Football Club to a Commission under Premier League Rule W.3.4. The assessment period for which it is alleged that the Club is in breach is the period ending Season 2021/22.
Commissions are independent of the Premier League and member clubs. The members of the Commission will be appointed by the independent Chair of the Premier League Judicial Panel, in accordance with Premier League Rules W.19, W.20 and W.26.
The proceedings before the Commission will, in accordance with Premier League Rule W.82, be confidential and heard in private. Under Premier League Rule W.82.2, the Commission’s final award will be published on the Premier League’s website. The League will be making no further comment until that time.
'An' alleged breach simples one charge. Alleged breaches would suggest multiple. It has always been reported in the media as a single charge, with various speculation as what exactly the specifics are.
Compare that statement to the one related to Manchester City:
In accordance with Premier League Rule W.82.1, the Premier League confirms that it has today referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club (Club) to a Commission under Premier League Rule W.3.4.
Details of the Premier League Rules that the Club is alleged to have breached are as follows:
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 and C.75 (from 10 September 2009, Premier League Rules B.13, C.71, C.72, C.79 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, C.78, C.79, C.86 and C.87;
(d) for Season 2012/13, Premier League Rules B.16, E.3, E.4, E.11 and E.12;
(e) for Season 2013/14, Premier League Rules B.15, E.3, E.4, E.11, E.12 and E.49;
(f) for Season 2014/15, Premier League Rules B.16, E.3, E.4, E.11, E.12 and E.50;
(g) for Season 2015/16, Premier League Rules B.16, E.3, E.4, E.11, E.12 and E.50;
(h) for Season 2016/17, Premier League Rules B.16, E.3, E.4, E.11, E.12 and E.51; and
(i) for Season 2017/18, Premier League Rules B.16, E.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; and
(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; and
(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;
(d) for Season 2021/22, Premier League Rules B.15, B.18, W.1, W.2, W.12 and W.13; and
(e) for Season 2022/23, Premier League Rules B.15, B.18, W.1, W.2, W.15 and W.16.
Commissions are independent of the Premier League and member clubs. The members of the Commission will be appointed by the independent Chair of the Premier League Judicial Panel, in accordance with Premier League Rules W.19, W.20 and W.26.
The proceedings before the Commission will, in accordance with Premier League Rule W.82, be confidential and heard in private. Under Premier League Rule W.82.2, the Commission’s final award will be published on the Premier League’s website.
This confirmation is made in accordance with Premier League Rule W.82.1. The Premier League will be making no further comment in respect of this matter until further notice.
I'm no legal expert, but that suggests that city are definitely in breach multiple times.
I'd wager Everton will likely get a fine, maybe a transfer ban and MAYBE a suspended points deduction. They can definitely point to covid losses, however inflated and also show how frugally the club has been operating since the period the charge relates to.
Marc bolan
Player Valuation: £6m
The date of the FFP is the 25th October maybe Joey that's were you get the 25 from ?
We've got 9 players out of contract this summer. So pray for a fine. Although that may stop us bringing in players as well.
Aye, it's a mess
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