Everton Thread - 2023/24

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shackattack said:
An interesting question is had Everton refused to cooperate with their investigation what could they have done?
Chelsea submitted incorrect financial information and nothing happened to them.
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Cheslea have admitted to them dont about the leak ones though!?

Think difference is if Everton told ffp we don't need any help we will sort it! It would still be in black and white in your accounts who you bought the losses!
 
shackattack said:
An interesting question is had Everton refused to cooperate with their investigation what could they have done?
Chelsea submitted incorrect financial information and nothing happened to them.
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Haven’t we only just become aware of Chelsea‘s possible incorrect account filing?

Not sure the PL will have had sufficient time to create a case as of yet.
 
Alan Harper's Tash said:
Haven’t we only just become aware of Chelsea‘s possible incorrect account filing?

Not sure the PL will have had sufficient time to create a case as of yet.
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Chelsea used a method called amortisation which spreads the transfer fee over the length of the contract thus avoiding any repercussions. We were just plain stupid and cheated a system through bad management and allowing people to have control over issues they possibly knew nothing about. I mean whatever the ceiling is surely someone at the club is able to count ffs
 
shackattack said:
Chelsea used a method called amortisation which spreads the transfer fee over the length of the contract thus avoiding any repercussions. We were just plain stupid and cheated a system through bad management and allowing people to have control over issues they possibly knew nothing about. I mean whatever the ceiling is surely someone at the club is able to count ffs
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Chelsea’s current spending policy hasn’t fully been accounted for, so the PL can’t do anything until next season at the earliest, when Chelsea have filed their accounts for this season. Even then, aren’t the rules changing to 70% of revenue on wages etc?

The accounting leaks from Cyprus might be more likely to see them charged, but that might take years too, given how long they took to charge us.
 
shackattack said:
Chelsea used a method called amortisation which spreads the transfer fee over the length of the contract thus avoiding any repercussions. We were just plain stupid and cheated a system through bad management and allowing people to have control over issues they possibly knew nothing about. I mean whatever the ceiling is surely someone at the club is able to count ffs
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seems to me the amortisation route chelsea have gone is very short sighted. They're likely to end up with a lot of high earners on long contracts and high wages who can't get near the first team. All they have done is move the problem 4 or 5 years down the line, and thats without the latest revelations about the previous regime
 
flook said:
seems to me the amortisation route chelsea have gone is very short sighted. They're likely to end up with a lot of high earners on long contracts and high wages who can't get near the first team. All they have done is move the problem 4 or 5 years down the line, and thats without the latest revelations about the previous regime
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For the Chelsea approach to work, every signing needs to be 1000% spot on for it to pay off as you are mortgaging the future. Everybody could see it was anything but that as it is too scattergun. If FFP remains in place Chelsea are fucked in the medium term.
 
shackattack said:
Chelsea used a method called amortisation which spreads the transfer fee over the length of the contract thus avoiding any repercussions. We were just plain stupid and cheated a system through bad management and allowing people to have control over issues they possibly knew nothing about. I mean whatever the ceiling is surely someone at the club is able to count ffs
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Every club amortises player costs, it’s not unique to the Chavs. Years ago players weren’t assets on balance sheet, now they’re amortised over the length of their contracts, a player costing £50m on a five year contract is worth £40m at the start of their second season and so on.

Everton will have done exactly the same, your accountants won’t be “plain stupid” but your owner gambled and lost, very similar to what Bohley is doing. However we all know your penalty is disproportionate for the offence but I suspect the timing has been partly negotiable, IE given at a time whereby you are only 2 points from safety and having to catch 3/4 very poor teams to avoid relegation.
 
hammocity said:
Every club amortises player costs, it’s not unique to the Chavs. Years ago players weren’t assets on balance sheet, now they’re amortised over the length of their contracts, a player costing £50m on a five year contract is worth £40m at the start of their second season and so on.

Everton will have done exactly the same, your accountants won’t be “plain stupid” but your owner gambled and lost, very similar to what Bohley is doing. However we all know your penalty is disproportionate for the offence but I suspect the timing has been partly negotiable, IE given at a time whereby you are only 2 points from safety and having to catch 3/4 very poor teams to avoid relegation.
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Difference with the chavs is they have spread a number of contracts (and hence the amortisation period) over 8 years, it's almost a certainty that they are going to have squad players (at best) on high wages for 3 years longer than most clubs, either that or pay off their contracts, partially or wholly cover their pay to send them out on load etc, which has to have an impact on their FFP calculations down the road.

One or two players would have negligible impact, but Chelsea have I believe 12 players on 7.5 or 8 year contracts
 
flook said:
Difference with the chavs is they have spread a number of contracts (and hence the amortisation period) over 8 years, it's almost a certainty that they are going to have squad players (at best) on high wages for 3 years longer than most clubs, either that or pay off their contracts, partially or wholly cover their pay to send them out on load etc, which has to have an impact on their FFP calculations down the road.

One or two players would have negligible impact, but Chelsea have I believe 12 players on 7.5 or 8 year contracts
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Yes of course they have, the loop hole has been closed by UEFA now, they can still sign players in 8 year contracts but for FFP purposes the contracts are assessed over a maximum 5 years l. They’re still in deep sit if they don’t qualify for the Champions League b
 
hammocity said:
Every club amortises player costs, it’s not unique to the Chavs. Years ago players weren’t assets on balance sheet, now they’re amortised over the length of their contracts, a player costing £50m on a five year contract is worth £40m at the start of their second season and so on.

Everton will have done exactly the same, your accountants won’t be “plain stupid” but your owner gambled and lost, very similar to what Bohley is doing. However we all know your penalty is disproportionate for the offence but I suspect the timing has been partly negotiable, IE given at a time whereby you are only 2 points from safety and having to catch 3/4 very poor teams to avoid relegation.
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The points deduction I don't think will affect our status I very much doubt. To me our season starts next week and I still feel we will get enough points to stay up. Had we been punished at the same stage last year we would have gone down 100%, so yeah after the initial furore has died down it's not as bad as first thought
 
shackattack said:
The points deduction I don't think will affect our status I very much doubt. To me our season starts next week and I still feel we will get enough points to stay up. Had we been punished at the same stage last year we would have gone down 100%, so yeah after the initial furore has died down it's not as bad as first thought
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You’ll stay up no problem, it’s a disproportionate punishment though, I hope you take it out on the Rags next week, they’re behind all this shit along with the Dippers, Tarquins, Chavs (ironically) and Spuds.
 
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