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    Reasoning behind Everton's points deduction

    Posted by HH on 27/11/2023, 14:55:05

    https://resources.premierleague.com/premierleague/document/2023/11/17/49989e4e-01a2-44f9-a012-c3a31ae5536b/2023-11-17-Premier-League-v-Everton-FC-Decision-for-Publication.pdf

    40 pages in total but interesting to see the arguments on both sides.

    Amongst their stadium accountancy issues, EFC also say they wanted £80m for Richarlison yet only received £60m and they lost money on not pursuing charges against Player X*

    (*Who I assume is that former Swansea and Spurs player from Iceland who vanished without trace)

      Re: Reasoning behind Everton's points deduction

      Posted by Doctor Ince on 27/11/2023, 16:37:35, in reply to "Reasoning behind Everton's points deduction"

      Am I missing something here, why is it anyone else's problem that they didn't get £80m for Richarlison?

        Re: Reasoning behind Everton's points deduction

        Posted by HH on 27/11/2023, 17:48:19, in reply to "Re: Reasoning behind Everton's points deduction"



        I guess we should have tried that argument in 2008, along with their claims about player X.

        If only we received £5m for Paul Furlong and Lewis Emmanuel wasn't a criminal we would have all been alright.

          Re: Reasoning behind Everton's points deduction

          Posted by WH on 27/11/2023, 17:14:01, in reply to "Re: Reasoning behind Everton's points deduction"

          I think they claim that the Covid caused a dip in the transfer market, so they didn't get as much for the players as they could have done.

          Re: Reasoning behind Everton's points deduction

          Posted by Bobby on 27/11/2023, 15:46:52, in reply to "Reasoning behind Everton's points deduction"

          Vanished without trace after being a naughty boy/??

            Re: Reasoning behind Everton's points deduction

            Posted by Ches Fordroad on 27/11/2023, 15:31:23, in reply to "Reasoning behind Everton's points deduction"

            TLDR

            Just know that it's nothing more than corruptness, and victimisation of Everton Football Club. And like the Mayor of Liverpool said, they're a big club and a PL founder member so they should've been let off on that basis alone.

              Re: Reasoning behind Everton's points deduction

              Posted by Music Critic on 27/11/2023, 15:09:48, in reply to "Reasoning behind Everton's points deduction"

              I don't know if they've been treated harshly or not

              £20m overspend in 3 years seems like pennies (as obscene as that sounds) but a line has been drawn and if you step over it you should be punished

              In a slightly separate point, I hear an argument from some football supporters that, if an owner wants to spend daft amounts of money on a football club they own, then let them spend what they want as long as they write the cheques and happy to lose shit loads. But, if you do that, then fans be whining when that owners fukks off leaving them in the financial shit, with so much debt they're unattractive for anyone else to buy. Like Derby. You could also argue Portsmouth are still suffering from their overspend in the Prem

                Re: Reasoning behind Everton's points deduction

                Posted by m on 27/11/2023, 15:34:45, in reply to "Re: Reasoning behind Everton's points deduction"

                I donít think they have deliberately set out to mislead or cheat. Theyíve just been so poorly run in terms of turnover of managers for starters and handing out contracts to players they then canít shift. In some ways. We werenít that dissimilar in the 4 seasons before John still turned up. We had to pay players off we didnít want to get them off the books. Obviously far smaller scale. !!

                  Re: Reasoning behind Everton's points deduction

                  Posted by HH on 27/11/2023, 15:38:24, in reply to "Re: Reasoning behind Everton's points deduction"

                  I donít think they have deliberately set out to mislead or cheat

                  The committee weren't convinced, as show in the paragraph RADSB posted below.

                    Re: Reasoning behind Everton's points deduction

                    Posted by m on 27/11/2023, 15:43:16, in reply to "Re: Reasoning behind Everton's points deduction"

                    Thatís just my feeling tbh. Just poorly run and a succession of managers who have failed. I bet they still have players they are paying from 3 managers ago.

                      Re: Reasoning behind Everton's points deduction

                      Posted by HH on 27/11/2023, 15:55:05, in reply to "Re: Reasoning behind Everton's points deduction"

                      Completely agree regarding their transfer management.

                      Regarding their stadium financing, the PL stated they felt deliberately misled!

                  Re: Reasoning behind Everton's points deduction

                  Posted by The Questioner on 27/11/2023, 15:20:38, in reply to "Re: Reasoning behind Everton's points deduction"

                  But thatís pretty much what happened to us . MWC spent a fortune on players contracts and after a couple of years SWC said no more which meant we had a load of players ( and manager ) on wages way beyond our income Ö.We all know what happened next.

                  Re: Reasoning behind Everton's points deduction

                  Posted by MG on 27/11/2023, 15:16:46, in reply to "Re: Reasoning behind Everton's points deduction"

                  I guess £20m does seem relatively small, it's less than a fifth of the transfer fee for some of the top players.

                  That said it's also not far off 20% over the limit so it has to be seen as a reasonably serious breach though I'm not sure I'd go as far as some of the language that was used.

                  Re: Reasoning behind Everton's points deduction

                  Posted by RADSB on 27/11/2023, 15:03:55, in reply to "Reasoning behind Everton's points deduction"

                  Someone has cleverly* deflected from the incompetence of the owners/custodians of the club. Covid or not, oh this went wrong, that didn't work out etc doesn't matter. This paragraph says all you need to know.



                  *or been really thick and misinterpreted where the blame lies.

                    Re: Reasoning behind Everton's points deduction

                    Posted by HH on 27/11/2023, 15:34:17, in reply to "Re: Reasoning behind Everton's points deduction"

                    Re their stadium issues, it reads like they weren't allowed to include a lot of their spend on the build as capital infrastructure spending until after it was given planning consent.

                    I wonder if that's why all of our spending on the our stadium development is under a a different company at companies house - 2020 Developments Ltd? Would something have basic as that helped Everton avoid this mess?

                      Re: Reasoning behind Everton's points deduction

                      Posted by ELH on 27/11/2023, 15:44:13, in reply to "Re: Reasoning behind Everton's points deduction"

                      I believe it actually relates to the interest on 2 loans they took out. They argued that they were for funding the new stadium and should not count against FFP. However the loan agreements said that they were for working capital, i.e. the general running of the football club and therefore the commission ruled the interest did need to be counted. (with thanks to the Price of Football podcast for that info)

                      The actual capital expenditures on the new stadium were allowable under FFP so won't be part of the breach. There were also some rather generous allowances made for Covid, which would have meant the period they were in breach for was probably the easiest in which to comply with FFP.

                      Everton will have tried to badge as much as possible against Covid costs and other allowable expenses (such as academy costs) and STILL managed to breach the limits.

                      Re: Reasoning behind Everton's points deduction

                      Posted by HuN on 27/11/2023, 15:13:54, in reply to "Re: Reasoning behind Everton's points deduction"

                      "irresponsibly taking a chance"

                      Something that quite a few clubs do to try and reach . . and remain in . . the playground of the rich.

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