Everton Financials

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Everton Financials

Snippet from Telegraph piece.

Everton have released the accounts which have put them at risk of a Premier League points deduction, confirming losses exceeding £400 million over a four year period since 2019.

The Merseyside club met the obliged deadline to make the figures public before the end of March, announcing that majority shareholder Farhad Moshiri injected a further £70 million from his personal funds to support the club.

Moshiri’s private investment since his purchase of Everton is thought to exceed £700 million, which while demonstrating his enduring commitment also underlines how precarious the financial situation at Goodison Park.

On the surface, the latest accounts are a significant improvement on recent seasons. They show a further £44.7 million losses were incurred for the last financial year.

However, it is the cumulative impact of successive losses which prompted the Premier League to act a week ago.

Premier League clubs are allowed to lose a maximum of £105 million over three years, but Everton's considerably exceed that figure.



If the PL doesn't throw a hefty points deduction at them then seriously what is the point in having rules.
 

Everton Financials

If they don't go down this year then it's one of next year's relegation spots guaranteed, so perhaps we should hope they stay up this year?
 

Everton Financials

Moshiri has spunked an obscene amount of dollar on complete and utter sh*t.

Amazing scenes.

Hands up who thinks the Premier League have got the nerves to do something about it.

I don’t.

Everton will cite Covid as an excuse / defence, or some other b***ocks.
 

Everton Financials

Chomp said:
.

Everton will cite Covid as an excuse / defence, or some other b***ocks.
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They already have, their Covid losses are about 10 times more than any other club.

They claim that they couldn't sell players because Of Covid killing the transfer market and that is why they've lost so much money.
 

Everton Financials

Chomp said:
Moshiri has spunked an obscene amount of dollar on complete and utter sh*t.

Amazing scenes.

Hands up who thinks the Premier League have got the nerves to do something about it.

I don’t.

Everton will cite Covid as an excuse / defence, or some other b***ocks.
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I'm with you on this. The footballing authorities have always been quicker to mete out punishment to smaller clubs than one of the old boys network. Just compare the punishments given to Swindon and Spurs for financial irregularities in the late 80s/early 90s. Spurs pretty much got every bit of their punishment revoked apart from a slap-on-the-wrist fine.
 

Everton Financials

What the PL should do is
A. If Everton stay up, give them a points deduction potentially sending them down or
B. If they go down, withhold their parachute payments for a year
 

Everton Financials

Everton Financials

It’s always the teams who go down who then have a beef about it
 

Everton Financials

If it was us, or Luton or Bournemouth, we would've been thrown over the side sharpish. Everton will get away with this, the worst that will happen is a transfer embargo but wouldn't hold my breath.
 

Everton Financials

It is in front of a independent commission, so hopefully it won't be a railroad train in respect of the rails. If this goes against Everton, Man City could be in a rather difficult position with their similar problems. Lawyers licking their lips. ?
 

Everton Financials

Wise old Bee said:
If it was us, or Luton or Bournemouth, we would've been thrown over the side sharpish. Everton will get away with this, the worst that will happen is a transfer embargo but wouldn't hold my breath.
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A transfer embargo would be pretty devastating for them, considering how their squad looks
 

Everton Financials

westendbee said:
A transfer embargo would be pretty devastating for them, considering how their squad looks
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No, no, no. Demotion is the only logical punishment. This would have the additional benefit of putting Leeds into further chaos when told they hadn’t been relegated, and would have to repeat the suffering this season…
 

Everton Financials

JANORAK said:
No, no, no. Demotion is the only logical punishment. This would have the additional benefit of putting Leeds into further chaos when told they hadn’t been relegated, and would have to repeat the suffering this season…
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Points deduction better. Their fans will have the season thinking they can stay up while slowly realising the inevitability of their fate in the last few games… delicious.
 

Everton Financials

jlove said:
Points deduction better. Their fans will have the season thinking they can stay up while slowly realising the inevitability of their fate in the last few games… delicious.
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10 point deductions for all the cheaters would make next season so interesting.
Everton would catch up...then sink like a stone by April
Chelsea would just about escape relegation.
Man City would catch up...and win the league before the last weekend of matches anyway.
 

Everton Financials

Boston Bee said:
10 point deductions for all the cheaters would make next season so interesting.
Everton would catch up...then sink like a stone by April
Chelsea would just about escape relegation.
Man City would catch up...and win the league before the last weekend of matches anyway.
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Just demote them pure and simple. No parachute payment. Time to get serious about this. Because the punishments at the moment are not working. If four teams found guilty four teams promoted.
 

Everton Financials

savvy 2210 said:
Just demote them pure and simple. No parachute payment. Time to get serious about this. Because the punishments at the moment are not working. If four teams found guilty four teams promoted.
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You can’t punish clubs for breaking financial rules by imposing sanctions that make it impossible for them to comply with them in future.

Points deduction, yes. Even one that would make it difficult for them survive in the PL. Transfer embargo, sure. But if they did go down they’d need the parachute payments.
 

Everton Financials

Everton Financials

……………two hopes…………
 

Everton Financials

I bet Man City are quaking in their boots:fishing:
 

Everton Financials

Ladbrokes, Paddy Power seem to have suspended their relegation market.

Bet365 less extreme - lengthened a few prices and cut Everton to 2/1 from, IIRC, about 3s.
 

Everton Financials

Sure there will be endless appeals if they are found guilty .
 

Everton Financials

How is a 12 points 'brutal'? It's half of what they deserve. But I can still see them wriggling out of it. Old Boys network and all that.
 

Everton Financials

There's no way they'll want Everton relegated, especially as they've got a spanking new ground to move to next season! It'll be a slap on the wrist and don't do it again. As usual, anything that involves one of the so called big boys doing something that they shouldn't, the useless PL will look the other way!!

:banghead:
 

Everton Financials

Six points reduced to three on appeal I reckon which, this season, should still keep them well clear of the drop.
 

Everton Financials

12 points reduced to 6 is my bet.

absokute mockery of FFP rules when you consider what City are getting away with atm.

would love to see how Chelsea are doing as well.
 

Everton Financials

Chelsea are getting away with it because they are not in Europe - different rules between England and UEFA.
 

Everton Financials

Stormy the Spook said:
How is a 12 points 'brutal'? It's half of what they deserve. But I can still see them wriggling out of it. Old Boys network and all that.
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If Everton are in the bottom three come the last game of the season, the EPL will award them 15 bonus points for scamming them for so long.
 
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