PL charge City for alleged breaches of financial rules

[decmancity]

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.

tbf they should have been done for spending hundreds of millions on the likes of Iwobi and Pickford. Keep them from destroying themselves.

 

[blueste41]

Some in here will take offence, I think it's funny.

 

[Stockton Heath Blue]

The pressure put on the PL to push our case through and punish us will be off the scale now

City would have the case heard tomorrow. 4/5 years and counting now is designed for maximum impact on public opinion and PR image. As has been said earlier, it hasn't worked, we are hugely successful, both on and off the pitch.

 

[MillionMilesAway]

That's what I though but for some reason posters are talking about a £20m overspend?

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.

 

[John Wayne]

You're assuming it's aimed at us. It could be aimed at Chelsea who some believe will fail FFP due to their recent spending

Perhaps true, but in any event, the cases of other clubs are immaterial to their own. It suggests to me that, ludicrous though the rules are, they've knowingly broken them and are bang to rights.

When you think about it, if City were to be exonerated before Everton's appeal is heard, I cannot imagine any lawyer worth his salt submitting in their appeal bundle "City got off, so this is precedent for us receiving a lighter punishment".

 

[M18CTID]

That's what it was. From the BBC.

The commission added: "Everton's understandable desire to improve its on-pitch performance (to replace the non-existent midfield, as Mr Moshiri put it in evidence) led it to take chances with its PSR position.

"Those chances resulted in it exceeding the £105m threshold by £19.5m.

"The position that Everton finds itself in is of its own making. The excess over the threshold is significant. The consequence is that Everton's culpability is great.

"We take into account the fact that Everton's PSR trend over the relevant four years is positive, but cannot ignore the fact that the failure to comply with the PSR regime was the result of Everton irresponsibly taking a chance that things would turn out positively."

They lost over £300m but got most back via Covid allowances as far as I'm aware.

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.

 

[Bodicoteblue]

I’d laugh at Everton but I’m worried the PL will go after us even more determined to make up a punishment. We had better make sure we have a completely water-tight defence.

I still don’t understand though how Everton, or us, or Chelsea can be under such scrutiny when there’s a club with over £400m of actual debt yet it’s immune to criticism and continues to spend hundreds of millions a year on new players. Can anyone explain to me why that’s considered ok?

If debt is ok, why couldn’t Everton just borrow say £250m to pay off the deficits that they’re being punished for? Then they could argue they’re only in debt not making a loss, which evidence from a certain club in red suggests is ok.

I genuinely don’t understand.

Back to the beginning of FFP and Platini worried about huge debts at certain clubs and the unfairness (sic) of playing in uefa competitions while carrying those eye-watering debts.
To be fair to him, he genuinely didn’t understand it either and to this day nor do we.

 

[Bluearmy]

Eh? They lost over £370m over a 3 year period. More than £250m over what was allowable.

Yeah some reports out saying much less similar to the post your replying too

 

[chaddblue]

Least Everton will have the best stadium in the championship

Mate... Have you seen the table and the next round of fixtures?

They'll be out of the bottom 3 after next weekend

 

[The Light Was Yellow Sir]

If you lose a £10 note today or tomorrow, its still £10 lost.

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?