Everton Thread - 2023/24

[cheekybids]

The issue is supposedly over stadium payments or interest on loans for the stadium. Im not going to pretend to know what they are or who is right.

From Athletic

Everton argued that £17.4million worth of interest payments were used for their new stadium project and should not be included in their PSR calculations, but when the commission found in the league’s favour, that shortfall left them in breach.

With the 2023 summer window already closed, Everton were unable to do business in the market to recover the amount, leaving them at risk of a breach in 2022-23 as well. Almost overnight, the club’s internal forecasting was put out of kilter, with pessimism quickly setting in over their attempts at compliance for the latest cycle.

Compare your neighbours being allowed to use ‘new’ stadium costs without even digging a hole.

 

[BlueLou82]

They're the first club to be punished by the PL under FFP/PSR though, aren't they. I suspect the were expecting a fine. The severity of the sanction has surprised many

Exactly. A big fine, a transfer ban, a 3 point deduction. Or 3 points with a further 3 suspended. To set a precedent for other clubs and still punish us.

But 10 points? Fucking hell. Its like they have looked at the 2 previous seadons we escaped and thought, yep 10 points should see the job done.

We sold Richarlison, Gordon, Kean. One window we only spent £1m on Gray and over the last 4/5 seasons, only Brighton have spent less in the league.

 

[ShorehamCitizen]

It's like some Rag on the Premier League board wants to get rid of them.

Really do find it unjust seeing they are trying to hit them for a second time.

 

[I'm With Stupid]

Looking at the Forest situation too. They made an extra £20m for the club in 2 months by hanging on to Johnson. Surely thats better for sustainability of the club than selling for £20m less?

Well that’s another genius move by the Premier League. They could easily line up the reporting period with the end of the transfer window, but no, they put it right in the middle, so that clubs that everyone knows are in financial trouble get screwed on price. It seems insane to me that you wouldn’t end the period at the end of the most recent transfer window, where clubs can actually do something about it, rather than the end of the season.

 

[domalino]

A deduction made up in the spot when there were no rules or guidelines in place around breaching the rules is just self pitying then im just not sure what to say.

They voted against there being set out punishments for specific rule breaches!

They’re being hoisted by their own petard.

 

[domalino]

They could easily line up the reporting period with the end of the transfer window, but no, they put it right in the middle, so that clubs that everyone knows are in financial trouble get screwed on price. It seems insane to me that you wouldn’t end the period at the end of the most recent transfer window, where clubs can actually do something about it, rather than the end of the season.

I don’t know how to break this to you but they have lined up the accounts with the transfer window.

Year end - 30/6
Transfer window opens 1/7

Lots of transfers happen before the window officially opens, which is why a cut off is impossible really. We signed Bernardo in May. We signed Diego Rosa in October last year.

Also the reason the date is 30/6 is because it’s the most common date for clubs to do their year end. City themselves have a financial year running until 30/6.

 

[BlueLou82]

They voted against there being set out punishments for specific rule breaches!

They’re being hoisted by their own petard.

But then decided on a magic 10 points!

 

[mexico1970]

They voted against there being set out punishments for specific rule breaches!

They’re being hoisted by their own petard.

To be fair mate they are being dragged round the back bent over the skip and being dry bummed by the representatives of the cartel clubs.

Granted they voted for it but still.

 

[I'm With Stupid]

I don’t know how to break this to you but they have lined up the accounts with the transfer window.

Year end - 30/6
Transfer window opens 1/7

Lots of transfers happen before the window officially opens, which is why a cut off is impossible really. We signed Bernardo in May. We signed Diego Rosa in October last year.

Yeah but they’ve lined it up with the beginning of the transfer window rather than the end. That’s stupid because it would be much better to have teams judged based on their most recent transfer activity.

 

[johnnytapia]

Fined for FFP
The very thing they voted for.
Be careful what you wish for.

They haven’t failed FFP.