billyblue80
Player Valuation: £70m
Not going to sue the sly six for trying to destroy English football and only getting a slap on a wrist then?
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Times article, Burnley/Leeds threaten to sue Everton
- Thread starter neil999
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This is just guess work.
But, we submit our accounts, all fine and legal.
Premier League : "Hey lads, whats with this 360m loss over the last 3 years"
Everton "Covid lad"
Premier League "180million?"
Everton "Yes lad"
Premier League "You spend any money in the Summer and we are gonna have you"
Everton "sound lad"
Wait, the accounts do not show we are under the FFP threshold, thats my whole point mate.
After interest and taxation, the Club recorded a loss for the year of £120.9m (2019/20: loss of £139.8m). When adding back the crystallised financial impact of the COVID-19 pandemic, the underlying financial loss for the year was £106.1m (2019/20: loss of £72.5m). The financial impact directly attributable to the COVID-19 pandemic is not considered to be part of the underlying reported loss because it is non-recurring in nature. In future financial periods we expect a return to the usual operating model. Therefore, in order to retain comparability, it is necessary to calculate an underlying loss before tax which excludes the impact of the COVID-19 pandemic.
catcherintherye
Player Valuation: £80m
Theres no doubt those conversations have been happening. And honestly, Everton have gained from them, not the PL, as it has put them, not us in the firing line.
I've had a cursory glance, and I'm not expert, but it looks like there is a section written, almost in small print which mentions uncrystalised losses. My understanding what be, an auditor signs off on the whole document. If for whatever reason they dont accept any part of it, they make a note of it.
I'd say this was cemented by the fact the club have been quite brazen, and public in saying the PL have accepted them. That will mean more than a verbal comment. It strengthens my view, that the accounts have been signed off in their entirety, including the footnote type section.
billyblue80
Player Valuation: £70m
We didn't spend in the summer and only spent anything because we sold Digne. Also it was all signed off by the EPL. Can't see us being punished and if we are it's probably a fine.
catcherintherye
Player Valuation: £80m
But there is a section that relates to this, it is part of the submission, and the submission gets signed off. Is that a fair summary?
ForeverBlue92
Player Valuation: £80m
Who's arsed. Any punishment would come next season which would be a fine at most and a telling off.
Let the bitter berties get on with it they haven't a leg to stand on when our spending has had as much impact on their positions in the table as Man Citys.
Just because they finish 1st/2nd and we finish 16th/17th doesnt affect their performances.
Let the bitter berties get on with it they haven't a leg to stand on when our spending has had as much impact on their positions in the table as Man Citys.
Just because they finish 1st/2nd and we finish 16th/17th doesnt affect their performances.
My only point is that the 180million we attributed to covid does not appear in our accounts, anywhere.
catcherintherye
Player Valuation: £80m
Is it not an addendum on notes made on one of the later pages? Would that have to be publicly shown, or could it be signed off privately, and sent across?
And if it's a one off issue, wouldn't it be automatically in the accounts as a special item on the balance sheet/income statement? Apologies for all the questions, but this is really useful.
Regardless of all this stuff, we need to absolutely slash our wage budget. Like cut it in half.
catcherintherye
Player Valuation: £80m
What is it current sitting at?
Mashtray
Player Valuation: £25m
I am one who's says please let's try hold on to players like Richie but then again we gota get back into the black asap
Now they have it on the BBC website.
www.bbc.co.uk
Leeds & Burnley threaten legal action over Everton finances
Leeds and Burnley threaten legal action against Everton and the Premier League over the handling of the club's finances.
www.bbc.co.uk
I scanned the accounts, if its there, I havent seen it, I doubt its there, it wouldnt be a fair reflection of the accounts if we said "And we are going to take 180m off our loses cos of covid". As you say, its implied all over the place, but ive yet to see the 180m figure listed in our accounts.
The only thing ive seen is that journo on twitter who posted the thing, christ, im gonna have to look for him, brb.
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