PL charge City for alleged breaches of financial rules

Instead of discussing Everton it's all about us as we knew it would be. I really hope our lawyers are watching closely.

 
MillionMilesAway said:
BBC article:
Premier League clubs are permitted to lose £105m over a three-year period and Everton admitted to being in breach of the profit and sustainability rules (PSR) for the period ending 2021-22.
Following a five-day hearing in October, the commission found in favour of the Premier League that Everton's losses during that period amounted to £124.5m.

From that, I think it's the difference between the total losses listed being £372m, and the loss after allowable discounts are offered (e.g. having no matchday income for a long time).

The commission seem to think that the club assumed they would finish about 10 places higher in one season, and that cost them c. 20m.
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It’s shit though really, how do clubs gamble to compete with the big boys now? You’d have to be thick to vote for such financial limitations to your business, who on earth would vote for that?


Oh wait, the stupid clubs did.


Carry on …
 
M18CTID said:
Thanks for that.

Seriously, that commission statement is pathetic. Plenty of football clubs speculate to accumulate and the statement basically says that Everton didn't ride roughshod over FFP rules as though they didn't exist. Instead they spent a lot of money on players in order to (hopefully) finish higher up the league which in turn would've earned them more money. A £19.5m overspend over 3 years is equivalent to finishing 3 or 4 places higher up the league each season. That's hardly an impossible dream and if Ancelotti hadn't left for Real Madrid they may well have bridged that gap.
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Yep, I thought that too.

Doesn't fill me with too much confidence of the time of people who will be on our panel even if the cases are different.
 
MillionMilesAway said:
That was my thought when I read that info.

I suspect the 10 pts is ready for an appeal to reduce it significantly/suspend part.
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Still think it's a mistake to give a points deduction. The club's relegated last season were already complaining, now they could have a financial claim against the PL for not sorting this out sooner. Maybe ...
 
decmancity said:
The deduction is immediate no?
Id rather lose 10 now with 20 games to go then be thrown into a relegation battle in the last 5.
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If Everton play 38 games trying to get the highest number of points possible (you know, the whole idea of league football) then it doesn't matter when the points are deducted, their final total is unaltered. The only way the timing matters is if they reach what they think will be sufficient, stop trying and then get hit with a deduction..
 
M18CTID said:
As I've just posted they might well have achieved that if Ancelotti had stayed. A 10 point deduction for that is ridiculous IMO.
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I agree - it seems very harsh.
Maybe an element of setting a precedent for other FF-breakers, but it means that a clubs will need to make allowance for a possible future bad season - that seems to be a mad way of going about things.
 
Invisible Man's Bandage said:
So Everton have been found guilty of an overspend averaging 6.5 mill a season over a three season monitoring period. How is that gaining much, if any, meaningful advantage? It just shows what a shambles FFP is.
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Tell that to the clubs that were relegated last season and stuck to the rules!!
 
The Light Was Yellow Sir said:
If we’d been deducted 10 points at the end of last season, we’d have finished second by 5 points. If we’d been deducted 10 points last November, and the season had played out a similar way, do you think we’d have lost to Brighton and Brentford?
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Everton have been told early in the season that there was a possible deduction of 10 points.
Once they know this , and its not a "surprise" at the end of the season, then it doesn't matter when the points are deducted within that season.
Its a different scenario if they are only warned at the end of the season.
 
If we're cleared then this is good news for us, as it shows that penalties will be served if there is wrongdoing so no one can claim we've just argued our way out of it.
 
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