Financial Fair Play (FFP)

[Chappers85]

The main protagonist from Everton is Bill Kenwright, he's dead.

Randall is still on the board.

He's either making some clever commentary about Everton's debt being so high that Bill Kenwright even sold his soul to keep the club afloat so he haunts Goodison Park like some purgatorial spectre; or it's a bit of a cockup and he forgot he was dead. I suspect it's the latter.

 

[ARedChester]

Here’s a thought. Supposedly the EFL were ok with us writing off the £20m paid in promotion bonuses against FFP at the end of 2021/22.

So….. if we were to get relegated would this write-off suddenly be permitted again, making us £20m “better off” for the latest accounting period?

Total nonsense .

Possibly we can hide another £20M in relegation failure bonuses, or some carefully worded foodnote.

Still puzzles me how EFL were ok with it but PL aren't- totally mental.

 

[Strummer]

He's either making some clever commentary about Everton's debt being so high that Bill Kenwright even sold his soul to keep the club afloat so he haunts Goodison Park like some purgatorial spectre; or it's a bit of a cockup and he forgot he was dead. I suspect it's the latter.

Knowing Everton, they have probably kept hold of Bill‘s corpse, and are parading him about, Weekend At Bernie‘s style, presumably so they can claim some more deductions and expenses for him?

 

[mister]

It'll be Farhad Moshiri.

 

[Chappers85]

Knowing Everton, they have probably kept hold of Bill‘s corpse, and are parading him about, Weekend At Bernie‘s style, presumably so they can claim some more deductions and expenses for him?

Weekend At Bill's

 

[Robertson]

Possibly we can hide another £20M in relegation failure bonuses, or some carefully worded foodnote.

Still puzzles me how EFL were ok with it but PL aren't- totally mental.

I do wonder whether our wage bill was so high last season due to big bonuses because we stayed up.

 

[Master Yates]

It'll be Farhad Moshiri.

Yeah it’s clearly Moshiri. The Randall thing was a joke

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[Statto]

Oh dear bin dippers

Leicester report £89.7m loss after spending charge

Leicester City report a loss of £89.7m for the 2022-23 season - taking total losses for their last three Premier League campaigns to more than £215m.

www.bbc.co.uk

Leicester City have reported a loss of £89.7m for the 2022-23 season - taking total losses for their last three Premier League campaigns to over £215m.

Top-flight rules permit clubs to lose £105m over a rolling three-year period.

 

[Redemption]

Yeah it’s clearly Moshiri. The Randall thing was a joke

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Bill Kenwright agrees.

 

[JonnoSnr]

Everton must surely be looking at another 6 points taken off? Although to be honest the lack of clarity around the punishments means nobody can really predict it.

It could be anything from 5 mins on the naughty step to 15 points deducted.

 

[Notcher]

Tsamtsamina mina
Eh eh
Waka wak
Eh eh
Points deduction who gives a f**k
The reds are staying up

 

[Flaggers]

Oh dear bin dippers

Leicester report £89.7m loss after spending charge

Leicester City report a loss of £89.7m for the 2022-23 season - taking total losses for their last three Premier League campaigns to more than £215m.

www.bbc.co.uk

Bloody hell - that's up there with Everton.

They're both going to get shitcanned.

And this makes me feel very satisfied

 

[Rockabilly]

Bloody hell - that's up there with Everton.

They're both going to get shitcanned.

And this makes me feel very satisfied

 

[Hungry Horace]

Apologies if I’ve missed this in the huge number of posts but people are talking about having to flog MGW etc to balance the books. If the PL have rejected our Johnson sale as being in last season then don’t we have a big profit in the bank? Does this not cover us for the next period or have we still got to make a BIG sale?


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[Statto]

Apologies if I’ve missed this in the huge number of posts but people are talking about having to flog MGW etc to balance the books. If the PL have rejected our Johnson sale as being in last season then don’t we have a big profit in the bank? Does this not cover us for the next period or have we still got to make a BIG sale?


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The issue is that they don't look at individual seasons but the 3 year rolling period, and we still won't have the full 3 year PL loss limit as 1 of the 3 years was our promotion season.

So if promotion bonuses are still counting to PSR and our breach last season was big enough we'd then need to use this year to bring it into line to avoid a 2nd offence on the next 3 year period.

Also, we would need to make the big sale before the deadline for PSR, which we didn't do with Johnson and last year's figures.

Let's also not forget the Johnson sale was then offset by bringing in the other deadline day signings...

 

[Hungry Horace]

The issue is that they don't look at individual seasons but the 3 year rolling period, and we still won't have the full 3 year PL loss limit as 1 of the 3 years was our promotion season.

So if promotion bonuses are still counting to PSR and our breach last season was big enough we'd then need to use this year to bring it into line to avoid a 2nd offence on the next 3 year period.

Also, we would need to make the big sale before the deadline for PSR, which we didn't do with Johnson and last year's figures.

Let's also not forget the Johnson sale was then offset by bringing in the other deadline day signings...

Thanks for explaining; obviously not being paying attention at the back here.

It stinks though doesn’t it? Fight tooth and nail to (hopefully) stay up then have to rip the team up to avoid being docked points and relegated which has a much bigger impact on sustainability than going slightly over on spending.


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[Stocky Red]

The issue is that they don't look at individual seasons but the 3 year rolling period, and we still won't have the full 3 year PL loss limit as 1 of the 3 years was our promotion season.

So if promotion bonuses are still counting to PSR and our breach last season was big enough we'd then need to use this year to bring it into line to avoid a 2nd offence on the next 3 year period.

Also, we would need to make the big sale before the deadline for PSR, which we didn't do with Johnson and last year's figures.

Let's also not forget the Johnson sale was then offset by bringing in the other deadline day signings...

Will be interesting to see the outcome of Everton's 'Double Jeopardy' defence - that they can't get punished for the same offense twice. I mean its rolling 3 years, so they should fail using that defence, but if they succeed, then it will be a useful precedence for us.

 

[andover red]

I still think there's a tactical decision to be considered for next year (should we stay up). Is MGW worth 3-6 points per season to us? If so, do we suck it up and accept another penalty to keep our best players while we do the hard work and start cleaning out the high earners and under performers?

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[Templeton]

Everton must surely be looking at another 6 points taken off? Although to be honest the lack of clarity around the punishments means nobody can really predict it.

It could be anything from 5 mins on the naughty step to 15 points deducted.

It really is think of a number stuff. By the EPL's own words earlier in the season we should have had a 13 point deduction, so why the EPL then recommend 8 points to the panel is totally unexplained, and then the panel pluck their own number out thin air. The punishments are as ridiculous as the PSR rules themselves.

It could all make for an interesting summer, traditionally whenever there is a World Cup or Euro's the transfer roundabout doesn't kick in until after they have finished, but it seems half the league are in a position where they need to sell early before the 30th June deadline.

 

[congo_red_49]

it seems half the league are in a position where they need to sell early before the 30th June deadline.

Ultimately, if things keep going the way they are, the bottom will fall out of the transfer market and almost every player will be a free transfer.

 

[Hungry Horace]

Ultimately, if things keep going the way they are, the bottom will fall out of the transfer market and almost every player will be a free transfer.

At what point do clubs start thinking about not spending £££ so that others are in the doo-doo too? If only Newcastle had been relegation rivals with Everton and decided not to give them £40 million to help them out in their finances


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[Hungry Horace]

I still think there's a tactical decision to be considered for next year (should we stay up). Is MGW worth 3-6 points per season to us? If so, do we suck it up and accept another penalty to keep our best players while we do the hard work and start cleaning out the high earners and under performers?

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Be worth keeping if it was 6 points. Need to con some teams into buying our academy players for big money somehow.


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[Robertson]

Will be interesting to see the outcome of Everton's 'Double Jeopardy' defence - that they can't get punished for the same offense twice. I mean its rolling 3 years, so they should fail using that defence, but if they succeed, then it will be a useful precedence for us.

Yeah especially given the direction of travel in our respective finances. We could break even this season and miss out by £9m (£12-£15m loss currently predicted, so still some work to do in June). Everton on the other hand absolutely smashed out an £89m loss.

Why the hell should we scramble to sell players in June if Everton don’t get another points punishment this season? It’s their own fault the previous punishment was delayed and would have seen them relegated last season anyway.

I can see all hell breaking loose from Marinakis if Everton escape punishment this time and we get hammered again.

 

[Hungry Horace]

Yeah especially given the direction of travel in our respective finances. We could break even this season and miss out by £9m (£12-£15m loss currently predicted, so still some work to do in June). Everton on the other hand absolutely smashed out an £89m loss.

Why the hell should we scramble to sell players in June if Everton don’t get another points punishment this season? It’s their own fault the previous punishment was delayed and would have seen them relegated last season anyway.

I can see all hell breaking loose from Marinakis if Everton escape punishment this time and we get hammered again.

Small breaches should be warnings or transfer embargo for a window not points.


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[Robertson]

Small breaches should be warnings or transfer embargo for a window not points.


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Which of course our transgression would have been had we not been shafted at the last minute on the promotion bonuses and Covid losses. £5m over the limit I think.

Then you see the accounts for other PL clubs and see how many absolutely smashed out losses over the £105m limit in the years up to 2022. But were allowed to write off tens of millions.

Pretty clear to me the PL picks and chooses who gets to claim what in their accounts.