UEFA FFP investigation - CAS decision to be announced Monday, 13th July 9.30am BST

[ancoats]

As well as it being a local derby as well.

what is this local derby you says ???? hahahaah

 

[ancoats]

When they’ve got 650 million fans world wide they should be selling their ground out. They made those stupid claims and look a little silly. If you were some kid in China or India would you want to associate yourself with that pile of shite? Their history cousins down the road in Merseyside are probably a better proposition for the wavering plastic support that evaporates when City rock up and give them a kicking.

funny thing is i got on the bus today and it had whitney houston hologram tour tour posted on it does that make me a fan of her's

 

[JGL07]

You could be right but my understanding is that the oligarchs provided the upfront cash needed at the time when Russia broke up. In return they got the rights to export the commodities, particularly oil.
They did not extract it, they simply handled its export.
As Tolmie posted this phase has changed somewhat to steel for Mr A..

It was more the case that the Oligarchs made their millions as the USSR broke up. Boris Yeltsin handed out huge swathes of state assets to his pals including mineral and oil rights. Some grabbed assets by trickery and buying employee shares for a song often from windows of the former state employees. They clearly picked up this idea from the way that Louis Edwards acquired control of United in the 1950s.

After the chaos of Yeltsin’s rule, the same Oligarchs (or most of them) helped to bankroll Putin.

 

[nmc]

It was more the case that the Oligarchs made their millions as the USSR broke up. Boris Yeltsin handed out huge swathes of state assets to his pals including mineral and oil rights. Some grabbed assets by trickery and buying employee shares for a song often from windows of the former state employees. They clearly picked up this idea from the way that Louis Edwards acquired control of United in the 1950s.

After the chaos of Yeltsin’s rule, the same Oligarchs (or most of them) helped to bankroll Putin.

Yeltsin defaulted on a huge bond issue repayment (in-fact he stopped the repayment of all foreign debt for a time) and shared out billions of hard currency amongst his friends. An absolute thief and a crook.

 

[PannickAtTheDisco]

Chelsea's parent Fordstam owes £1.4bn to Camberley Investments so Chelsea owe a fortune, looks to be around £1.2bn.

 

[waspish]

Chelsea's parent Fordstam owes £1.4bn to Camberley Investments so Chelsea owe a fortune, looks to be around £1.2bn.

Thing is if Abramovich sells up it be say 2.5b and that will by that out

 

[blueinsa]

Chelsea's parent Fordstam owes £1.4bn to Camberley Investments so Chelsea owe a fortune, looks to be around £1.2bn.

Debt is good.

Just dont be spending any of your own money on your own debt free club.

 

[PannickAtTheDisco]

Thing is if Abramovich sells up it be say 2.5b and that will by that out

Yh, who will want to do that considering the stadium isn't done yet and their finances are so reliant on CL and player sales.

 

[KS55]

Yh, who will want to do that considering the stadium isn't done yet and their finances are so reliant on CL and player sales.

An arab with filthy oil money and his hand in Amanda Staveley's pocket. Preferably one who cheats ffp, and pays the manager extra by the back door.

 

[Marvin]

Moshiri's long time associate, the oligarch Usmanov, has paid £30m to EFC for the option on naming rights on the new stadium whilst EFC announce losses of £111m! Usmanov is an oligarch who you can liken to Abramovic in terms of the origin of his wealth and his political power. He is a long time associate of Moshiri and already sponsors the Everton training ground Finch Farm.

Let's see what the Guardian and the BBC make of this.

 

[waspish]

Moshiri's long time associate, the oligarch Usmanov, has paid £30m to EFC for the option on naming rights on the new stadium whilst EFC announce losses of £111m! Usmanov is an oligarch who you can liken to Abramovic in terms of the origin of his wealth and his political power. He is a long time associate of Moshiri and already sponsors the Everton training ground Finch Farm.

Let's see what the Guardian and the BBC make of this.

Owners can do what they want till they threaten the history clubs

 

[jrb]

Slightly off topic.

Everton have announced record losses of £111.8m for the year to June 2019 but say they are "committed to operating in a financially sustainable manner".

The losses have been adjusted for a 13-month period to incorporate when players' contracts come to an end.

But after a £30.6m profit in 2017 and a £13.1m loss in 2018, the latest figures show the alarming rate of spending under majority shareholder Farhad Moshiri.

Premier League profit and sustainability rules allow for a £105m loss over three years, with Everton's total loss in the same timeframe at £94.3m.

https://www.bbc.co.uk/sport/football/51114007

 

[milly08]

Moshiri's long time associate, the oligarch Usmanov, has paid £30m to EFC for the option on naming rights on the new stadium whilst EFC announce losses of £111m! Usmanov is an oligarch who you can liken to Abramovic in terms of the origin of his wealth and his political power. He is a long time associate of Moshiri and already sponsors the Everton training ground Finch Farm.

Let's see what the Guardian and the BBC make of this.

Talksport said this morning it was great news for the club.
I only caught the end of it so I wasn’t quite sure what they were talking about until now

 

[Newman Noggs]

Beginning to get a bit windy about the silence on this now. The investigation was supposedly concluded months ago and it was agreed that notwithstanding the CAS proceedings they could go ahead and publish their findings. Nothing. The CAS proceedings finished in November but we've heard nothing since. That, in itself, is a departure from all the leaks and speculation that went on for years before. Why has the media suddenly gone so quiet when they couldn't stop mentioning the proceedings before November ?

If UEFA had a "concrete" case they would have banned us by now but the fact that they haven't cleared us either suggests they are intending to punish us regardless. So it doesn't take Sherlock Holmes to suspect that there are negotiations going on. My concern is that directly, or indirectly, the usual suspects are continuing to have input into negotiations that, ostensibly, have fuck all to do with them.

 

[ChicagoBlue]

Slightly off topic.

Everton have announced record losses of £111.8m for the year to June 2019 but say they are "committed to operating in a financially sustainable manner".

The losses have been adjusted for a 13-month period to incorporate when players' contracts come to an end.

But after a £30.6m profit in 2017 and a £13.1m loss in 2018, the latest figures show the alarming rate of spending under majority shareholder Farhad Moshiri.

Premier League profit and sustainability rules allow for a £105m loss over three years, with Everton's total loss in the same timeframe at £94.3m.

https://www.bbc.co.uk/sport/football/51114007

So, by next year, their 2 yr rolling losses will be £125M (£111.8+£13.1M). Therefore, they need £20M profit (-£125+20=-£105M) next year to “break even” over the rolling 3 yr period.

From there, they can then lose £13M the following year (-£112+20=-£92M, and -£92-13=-£105M again).

From there, with aggregate profit of (£20-13M) £7M over the previous 2 yrs, they would be in a position to lose £112M again and still be OK! However, one would hope that this years massive losses would be a single event designed to increase future revenues...which will be needed with a very expensive manager and an expected significant outlay on players.

 

[manimanc]

Beginning to get a bit windy about the silence on this now. The investigation was supposedly concluded months ago and it was agreed that notwithstanding the CAS proceedings they could go ahead and publish their findings. Nothing. The CAS proceedings finished in November but we've heard nothing since. That, in itself, is a departure from all the leaks and speculation that went on for years before. Why has the media suddenly gone so quiet when they couldn't stop mentioning the proceedings before November ?

If UEFA had a "concrete" case they would have banned us by now but the fact that they haven't cleared us either suggests they are intending to punish us regardless. So it doesn't take Sherlock Holmes to suspect that there are negotiations going on. My concern is that directly, or indirectly, the usual suspects are continuing to have input into negotiations that, ostensibly, have fuck all to do with them.

Probably not heard anything from the press because we aren't romping the league. Would be non stop if we was first.

 

[Newman Noggs]

Probably not heard anything from the press because we aren't romping the league. Would be non stop if we was first.

I'd agree with this if the media ever missed an opportunity to have a cheap shot at us. This morning it's "bunga bunga parties". Something's afoot.

 

[Man_City_Loyal]

Beginning to get a bit windy about the silence on this now. The investigation was supposedly concluded months ago and it was agreed that notwithstanding the CAS proceedings they could go ahead and publish their findings. Nothing. The CAS proceedings finished in November but we've heard nothing since. That, in itself, is a departure from all the leaks and speculation that went on for years before. Why has the media suddenly gone so quiet when they couldn't stop mentioning the proceedings before November ?

If UEFA had a "concrete" case they would have banned us by now but the fact that they haven't cleared us either suggests they are intending to punish us regardless. So it doesn't take Sherlock Holmes to suspect that there are negotiations going on. My concern is that directly, or indirectly, the usual suspects are continuing to have input into negotiations that, ostensibly, have fuck all to do with them.

because were not top 0f league

 

[roypaulknewmyfather]

Beginning to get a bit windy about the silence on this now. The investigation was supposedly concluded months ago and it was agreed that notwithstanding the CAS proceedings they could go ahead and publish their findings. Nothing. The CAS proceedings finished in November but we've heard nothing since. That, in itself, is a departure from all the leaks and speculation that went on for years before. Why has the media suddenly gone so quiet when they couldn't stop mentioning the proceedings before November ?

If UEFA had a "concrete" case they would have banned us by now but the fact that they haven't cleared us either suggests they are intending to punish us regardless. So it doesn't take Sherlock Holmes to suspect that there are negotiations going on. My concern is that directly, or indirectly, the usual suspects are continuing to have input into negotiations that, ostensibly, have fuck all to do with them.

Wait until the week before the Madrid game, there'll be a shitstorm of mega proportions!

 

[dickie davies]

So, by next year, their 2 yr rolling losses will be £125M (£111.8+£13.1M). Therefore, they need £20M profit (-£125+20=-£105M) next year to “break even” over the rolling 3 yr period.

From there, they can then lose £13M the following year (-£112+20=-£92M, and -£92-13=-£105M again).

From there, with aggregate profit of (£20-13M) £7M over the previous 2 yrs, they would be in a position to lose £112M again and still be OK! However, one would hope that this years massive losses would be a single event designed to increase future revenues...which will be needed with a very expensive manager and an expected significant outlay on players.

They'll follow the lead of their red neighbours and write £50m of it off as fees for a feasibility study on a new stadium