Times article, Burnley/Leeds threaten to sue Everton

[ToffeeDan]

Obvious garbage that. He had a loan clause that Palace were prepared to meet at £16m... until his achilles exploded.

The loss is transfer fees foregone, additional wages paid. The £60m in his case looks like a wild guess.

 

[Nymzee]

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.

It doesn’t mean a £60m transfer fee for Tosun lol

 

[nikom court]

The loss is transfer fees foregone, additional wages paid. The £60m in his case looks like a wild guess.

the Leeds fan has just plucked £60 mil out of thin air!
It's all clutching at straws, although I'm starting to join the dots with the media bias and refereeing decisions!

 

[DanB90]

Any chance we can sue Burnley and Leeds for defamation for their false accusations towards us?

 

[hktoffee]

This is so small minded. Blame yourself for relegation.

 

[DanB90]

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.

I mean, that’s clearly made up.

 

[MikeH72]

Obvious garbage that. He had a loan clause that Palace were prepared to meet at £16m... until his achilles exploded.

I don’t think Palace were ever interested in meeting it tbf.

 

[Yarrgh]

^^

Leeds United and Burnley have threatened to sue the Premier League and Everton for significant damages because they believe the Merseyside club has committed a serious breach of financial rules.

The two clubs sent a letter last week warning that they would reserve the right to take legal action against the Premier League and Everton, asking for details of what action or investigation had been launched in the league after Everton registered a £ 371.8 million loss. the last three years.

The Premier League’s profit and financial sustainability rules allow clubs to lose a maximum of £ 105 million over three years or receive penalties for deducting points for serious breaches.

The damage caused by the Covid pandemic can be written off, but Leeds and Burnley have expressed concern that

That what though?

Cry me a river. I hope both go down now.

 

[Yarrgh]

I mean, that’s clearly made up.

Indeed, the layabout is worth 120 million of anyone's money.

 

[Groucho]

Here you go Neil.

EXCLUSIVE :

2 wool clubs have seen their arse.

This really.

 

[leslad]

the Leeds fan has just plucked £60 mil out of thin air!
It's all clutching at straws, although I'm starting to join the dots with the media bias and refereeing decisions!

Yep - and Thursday night very much was not in the script

A lot of people invested in us going down especially in the media

 

[WestStandLower]

I found the part about the commission weird, there is nothing in the rules about it and I’m not sure you can just make up a judicial system retrospectively because that’s what you want - seems very poorly thought out to me.

I actually think both have been set up here, I think other clubs have egged them on and been machiavellian here. Personally I think it’s one of those that’s leaked it.

As for suing I’m not sure what they could they sue is for? making a loss? That’s not illegal, the grievance is the application of the rule, that’s not our issue - to the best of our knowledge we’ve complied with the PL and all they’ve asked, they can’t and won’t change the goal posts now or we’d have our own grievance and essentially the PL wouldn’t be credible.

This is a long post for which I apologise and no doubt I will get pelters for it’s contents

People are getting confused and assuming that audited accounts ( due to turnover there is a regulatory and legal obligation for them to be audited) are compliant as a matter of course with the PL Profit and Sustainability (FFP) rules. They aren’t although a lot of the numbers of course are the numbers submitted

It’s not till March 2022 that clubs were obliged to submit their latest audited accounts 20/21 numbers) alongside interim and of course un audited numbers for the 21/22 season .

My guess is that in March 21 the audited 19/20 numbers and the interim numbers for 20/21 set alarm bells ringing and the losses based on those interim numbers and the projections for 21/22 required The PL to take action in accordance with their rule E15 in effect Everton had to agree a budget for the current year.

Why I suspect other clubs are twitchy is two fold on is because of the deductible numbers that Everton have submitted in respect of COVID ( there isn’t anything specific in the 21/23 rule book as to what is allowable although there is a set of unpublished guide that accompanies the forms ) and secondly the rules are clear in that if losses do indeed exceed £105 over a rolling 3 year period then there isn’t any discretion the league are required to refer the matter to a PL commission.

Here’s the rule

If the PSR Calculation results in losses of in excess of £105m:

E.51.1. the Board may exercise its powers set out in Rule E.15; and
E.51.2. the Club shall be treated as being in breach of these Rules and accordingly the Board shall refer the breach to a Commission constituted pursuant to Section W of these Rules.

So it all comes down to what the PL board have or have not agreed and it seems difficult to see how the PL board could agree to anything until March when the interim 21/22 numbers would be available and also you need to wonder why other clubs who no doubt will have been working using the same guidelines haven’t pushed matters such as reduced sponsorship in the same way.

Sorry but its highly likely that the league will have to look at the numbers but even then you wonder what the sanctions would be.

I alongside everyone that’s commenting on the issue have no idea what the numbers on the appropriate PL form show nor when that form was submitted but the PL board is one thing and yes they are empowered to a degree but are answerable to the clubs

 

[Yarrgh]

We should counter sue all those clubs that sold us the duds that put us in this mess. Burnley aren't absolved from this either cough cough Michael Keane....

We should also put in bids for Philips and Raphinha and sign Tarkowski just to totally send them over the edge.

Just low ball bids and make them publicly.

 

[Lobster Johnson]

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.

On that basis James Rodriguez must have been worth about 250m

 

[Brett Angell Delight]

It would be exceedingly Everton to go down on the back of this but we won’t.

Whatever irregularities we’re accused of will not be specific only to us. If the PL charge us with ANYTHING we need to immediately demand 19 more investigations and for the final standings to all be adjusted according to any infringements found. It’s too much of a potential mess for the PL to bother with.