Toys out of the pram.
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Times article, Burnley/Leeds threaten to sue Everton
- Thread starter neil999
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Would be very Everton to get done for this after securing safety.
catcherintherye
Player Valuation: £80m
Yes all true.
I suppose they could sue us if we withheld information, or knowingly misled the PL (which there is no evidence of).
But using people for making a loss is absurd. Can you imagine Ford being able to sue Tesla because Tesla have made a loss? It's just not going to stack up.
mumwasablue
Player Valuation: £750k
Just read that Everton lost a possible £60 million transfer fee because of covid on Cenk Tosun and this is put down in the £371.8 million losses. Stuff like this s subjective considering Everton paid £27 million for him in January 2018. I don't think he was ever worth £60million. Personally I have no gripe against Everton even being a Leeds fan, and my family supporting Everton. It makes for some good banter. I think the authorities have cocked up with what clubs could right off with covid. Gate receipts are the first obvious one, but righting off transfer fees some parameters had to be put in place to stop things like Cenk Tosuns valuation being used as a write down tool. I don't think any Evertonian even with rose tinted glasses would say Tosun was a great buy.
catcherintherye
Player Valuation: £80m
There have been news stories from there end saying they have been accepted. The club has publicly stated they have been accepted. And in honesty, given theyve had them since at least March, if not earlier, it would seem highly irregular nothing has been said about being charged if they had not been accepted.
I'd also add, if the PL had not accepted them, when are Burnley/Leeds asking for a commission? Surely their statement is, that the PL need to punish the club. They would not need an independent commission to govern on their decision to (one can only presume) sign off on the accounts.
Theres some supposition there, but the club are stating the accounts have been accepted. Were they not, youd expect the PL to publicly contradict that.
As for the 2nd point, the accounts explicitly make mention of crystallised losses, but dont mention the exact figure. But they also show what the overall final figure is. They have been signed off by legal professionals, as all accounts have to be.
I'm not sure what you mean by accounts being audited and it being all fine. I dont think that's what people have said. What has been said, is the accounts, with mention of the crystallised losses, have been audited externally, by independent professionals, and have been signed off by said professionals. That doesnt make them "fine" but is a strong indication they are accurate, and a fair and honest reflection. To challenge either the club, or the PL passing them, people would have to prove accounting specialists made a fundamental mistake on accounts. They probably have to prove corruption. It's not impossible, but it feels highly unlikely.
As the core fact is, business have uncrystalised losses. They have write downs. They have special 1 off events. Especially so in a pandemic. This is very typical for a business.
People in football act shocked and clutch pearls, because the standards of.our journalism are appalling. But in the real world, this is not confusing.
Lobster Johnson
Player Valuation: £35m
mumwasablue
Player Valuation: £750k
Leeds claimed £23million.
nikom court
Player Valuation: £20m
whats the source you were reading?
catcherintherye
Player Valuation: £80m
Have you got any evidence of a 60m figure?
The reality is though, Everton had a deal in place for Tosun, worth allegedly 20m pre Covid, that was then lost after Covid, with 2 years worth of wage costs to carry (probably another 12m.
It would be strange if this figure was not written down, rather than was written down. I would say that was pretty common accounting practice, and go as far as to say it would be standard accounting in a situation like this (and why income statements P&L are often treated with caution across all sectors).
I'm really not sure why losing money, in a pandemic, is seen as a crime that needs to have a points deduction attached.
catcherintherye
Player Valuation: £80m
Every business is affected differently by recession, pandemics etc isnt it?
Lobster Johnson
Player Valuation: £35m
Obvious garbage that. He had a loan clause that Palace were prepared to meet at £16m... until his achilles exploded.
@Neiler @catcherintherye
I won't copy your excellent dialogue but I will reiterate and concur with you both:
1. It's too late for Leeds/Burnley to throw toys out the pram. If a sanction was due it has to be expected and applied in good time. Punitive measures have to give an offending club time to adjust or appeal - for example any points deduction must require some form of natural justice - the opportunity to expect and deal with it. Wigan had been anticipating some punishment last year (EFL rules) - whilst that seemed draconian to someone looking from the outside it was not unexpected nor was it unjustified.
2. If we were to receive, let's say a 5 point penalty, even a 10 point one, how would this play out since this issue crops up days before the end of the season. Ludicrous. Imagine too applying a 5 point penalty after we (say) lose 2-0 at Arsenal and then telling us hey, you know what, if we'd told you on the Friday maybe you would have fought even harder for the 3 points you didn't know you suddenly needed to survive - even 2 points for a winning goal if we were to draw on Sunday!
3. It isn't impossible that any points deduction could be applied next season - that would be an entirely different matter and one that would give Everton time to appeal or accommodate. There's also the possibility of suspended fines/penalties - again something that could be appealed.
I won't copy your excellent dialogue but I will reiterate and concur with you both:
1. It's too late for Leeds/Burnley to throw toys out the pram. If a sanction was due it has to be expected and applied in good time. Punitive measures have to give an offending club time to adjust or appeal - for example any points deduction must require some form of natural justice - the opportunity to expect and deal with it. Wigan had been anticipating some punishment last year (EFL rules) - whilst that seemed draconian to someone looking from the outside it was not unexpected nor was it unjustified.
2. If we were to receive, let's say a 5 point penalty, even a 10 point one, how would this play out since this issue crops up days before the end of the season. Ludicrous. Imagine too applying a 5 point penalty after we (say) lose 2-0 at Arsenal and then telling us hey, you know what, if we'd told you on the Friday maybe you would have fought even harder for the 3 points you didn't know you suddenly needed to survive - even 2 points for a winning goal if we were to draw on Sunday!
3. It isn't impossible that any points deduction could be applied next season - that would be an entirely different matter and one that would give Everton time to appeal or accommodate. There's also the possibility of suspended fines/penalties - again something that could be appealed.
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