Times article, Burnley/Leeds threaten to sue Everton

[JimmyJeffers]

It's you who have been found out as it seems atm. We're staying up, how about you? Certainly hope you won't.

Sweaty pig club who think they’re relevant cos they are a one city team and tell each other in graft every day how important they are cos they broke some peoples legs in the 70s. At least Burnley know who they are.

 

[Dutch Toffee]

Sweaty pig club who think they’re relevant cos they are a one city team and tell each other in graft every day how important they are cos they broke some peoples legs in the 70s. At least Burnley know who they are.

Wanted them to go down as soon as they came up. Media treated them as a RS light club. Big club my arse. Hope they'll swap places with Forest

 

[Jamiednm]

It’s just a shame that only one of the mutant clubs can be relegated. I’d like to see them both down. Be glad to see the back of them both along with their six-toed, inbred fans.

That’s my sentiment too. I generally couldn’t give a toss about other clubs but I’ve grown to dislike Burnley in particular lately. Leeds are down but it’s be nice to see Burnley follow suit. Replace them with a proper club like Forest and we’re all good.

 

[gorgeousgeorgeEFC]

Has there ever been a case in which points have been deducted RETROSPECTIVELY i.e. after the end of the season? At worst we will face a points deduction next season.

The losses are easily explained by the stadium and Covid. The Premier League’s erudite lawyers and accountants have confirmed that everything we have done has been above board.

As an aside, how have Chelsea managed to sustain spending literally ten billion Pounds since 2004 when they only get similar crowds to us?

 

[ToffeeTim]

And there is nothing wrong with our accounts, they are perfectly fine, the issue isnt with the accounts we submitted.

They show all our loses, the issue will be with the 180m we have written off with respect to covid, which isnt shown in the accounts.

Apart from :

Please note, the table above does not include uncrystallised COVID-19 pandemic related losses arising from the significant deterioration in the player trading market. The ability of the Club to generate material profits on player trading, which also yields significant wage and amortisation savings due to the players no longer being contracted to the Club, has unquestionably resulted in a material and negative impact on the Club across the last two reporting periods.

The Club is continuing to assess the uncrystallised financial impact caused by the COVID-19 pandemic and the Board of Directors strongly believe that a further substantial financial loss, not reflected in the £82.1m cumulative crystallised figure referred to opposite, has been incurred by the Club

https://resources.evertonfc.com/evertonfc/document/2022/03/29/7e521047-6d5d-4d2a-af97-1ac4b40137fd/Report-and-Accounts-RGB-A4-v27-SPREADS-.pdf

Page 9 if you care.

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I dont know, but I would have thought those costs are audited too

 

[Jamiednm]

I must admit, it does have an “Everton that” feel about it.

I lean on ‘Everton that’ as much as the next man as it’s very entertaining and a great coping mechanism. BUT we need to discard that mentality because it doesn’t help things. The classic Everton sides of the 60s and 80s wouldn’t have had that mentality. It’s a Kenwright thing and it needs to be rejected.

 

[catcherintherye]

Its a Friday night, I know nothing more about our accounts than what is on companies House, and I dont want to bore anyone, but our accounts will have been signed off by an auditor.

Yes I mentioned this a few pages back.

And by auditor you mean, fully qualified accountant. Someone who is legally obliged to say the accounts are accurate.

As a 2nd check, they are then signed off by the PL. Who will also use a secondary auditing firm, comprised of Accountants. They will verify that the accounts are accurate.

It is a criminal offence for either to sign off on accounts that are misleading.

The accounts they have signed off on, show that there has not been a breach of the rules.

It's not impossible, but I would say it is very difficult to prove that 2 sets of auditors, independent to one another, have both got it wrong.

That is before you get into the majority Shareholder of EFC is by trade a highly successful accountant.

 

[summerisle]

They can have the Arteta money, must be a fortune now.

 

[catcherintherye]

I dont know, but I would have thought those costs are audited too

If they are in the accounts, they must be audited.

 

[cooperman]

It's a bit like Boro and Derby this

 

[catcherintherye]

Has there ever been a case in which points have been deducted RETROSPECTIVELY i.e. after the end of the season? At worst we will face a points deduction next season.

The losses are easily explained by the stadium and Covid. The Premier League’s erudite lawyers and accountants have confirmed that everything we have done has been above board.

As an aside, how have Chelsea managed to sustain spending literally ten billion Pounds since 2004 when they only get similar crowds to us?

No there hasnt. Worst case scenario would be next season.

The season ends sunday evening. Unless something is found then, it will be the next season.

 

[Jamiednm]

Yes I mentioned this a few pages back.

And by auditor you mean, fully qualified accountant. Someone who is legally obliged to say the accounts are accurate.

As a 2nd check, they are then signed off by the PL. Who will also use a secondary auditing firm, comprised of Accountants. They will verify that the accounts are accurate.

It is a criminal offence for either to sign off on accounts that are misleading.

The accounts they have signed off on, show that there has not been a breach of the rules.

It's not impossible, but I would say it is very difficult to prove that 2 sets of auditors, independent to one another, have both got it wrong.

That is before you get into the majority Shareholder of EFC is by trade a highly successful accountant.

In this situation you need a CRIMINAL accountant. I’m sure that’s what we have and VAR can do F all about it.

 

[Goat]

If they are in the accounts, they must be audited.

Thats my point mate, nowhere in our accounts does it show 180m loses due to covid.

 

[catcherintherye]

Thats my point mate, nowhere in our accounts does it show 180m loses due to covid.

How do the accounts show we are under the FFP threshold then?

The club statement has stated that the PL have accepted this.

 

[summerisle]

And there is nothing wrong with our accounts, they are perfectly fine, the issue isnt with the accounts we submitted.

They show all our loses, the issue will be with the 180m we have written off with respect to covid, which isnt shown in the accounts.

Apart from :

Please note, the table above does not include uncrystallised COVID-19 pandemic related losses arising from the significant deterioration in the player trading market. The ability of the Club to generate material profits on player trading, which also yields significant wage and amortisation savings due to the players no longer being contracted to the Club, has unquestionably resulted in a material and negative impact on the Club across the last two reporting periods.

The Club is continuing to assess the uncrystallised financial impact caused by the COVID-19 pandemic and the Board of Directors strongly believe that a further substantial financial loss, not reflected in the £82.1m cumulative crystallised figure referred to opposite, has been incurred by the Club

https://resources.evertonfc.com/evertonfc/document/2022/03/29/7e521047-6d5d-4d2a-af97-1ac4b40137fd/Report-and-Accounts-RGB-A4-v27-SPREADS-.pdf

Page 9 if you care.

View attachment 166649