*Shakes head* Everton again.

[Mudface]

Just now, AngryOfTuebrook said:

That puts it into some sort of perspective; more than 50% more than the second-biggest losers.

Especially when gate receipts of £65 million for Chelsea and £95 million for Arsenal are far higher than Everton's.

[Jennings]

21 minutes ago, AngryOfTuebrook said:

That puts it into some sort of perspective; more than 50% more than the second-biggest losers.

It's beyond just shit management - it's well fishy. Gotta be money laundering or something equally dodge.

[Harry Squatter]

Still can't understand how they've worked out they've lost that much to Covid when their gate receipts are less that £12m. Lying cheating twats. 

[A_S]

 

[Pete]

32 minutes ago, Jennings said:

It's beyond just shit management - it's well fishy. Gotta be money laundering or something equally dodge.

The Peoples money laundering club

[Anubis]

31 minutes ago, Harry Squatter said:

Still can't understand how they've worked out they've lost that much to Covid when their gate receipts are less that £12m. Lying cheating twats. 

They are effectively saying their shit players they’ve offloaded would have been worth a lot more but for Covid, so basically applying some very high made up values to the offset.

 

AWS makes a great point on the previous page. If the players they offloaded were worth a lot more, then surely the incoming players they bought during Covid were also worth a lot more, and that figure should be added on to their detriment.

[Vincent Vega]

Are they getting preferential treatment from the PL due to their status as being members since the outset? I can’t imagine the PL being so helpful if it was Brighton or Villa who found themselves in this position. Benefiting from the powers that be?

 

Also, do they not need to return the £30m they took from Uncle Uzzie for the bogus stadium naming rights? That money has been taken with no prospect of that company being allowed to sponsor them due to the sanctions on Russia. Returning that money would blow an even bigger hole in their accounts.

[Vincent Vega]

I’m putting this here now hoping to jinx it, but I reckon they lose to Burnley on Wednesday but beat the Mancs on Saturday. 

[manwiththestick]

I'm hearing a lot of noise from their fans about injuries and suspensions to centre halves and midfielders meaning they're either having to play players out of position or use untested youth/reserve players.

 

I can't help but think that in these unprecedented circumstances that a bit of sympathy needs to go their way, it would be terrible to just dismiss this and tell them to "stop moaning and gerron with it"

[sir roger]

Another point not mentioned is that a fairly large chunk of the few positive figures in the accounts have come from a since sanctioned oligarch.

[Bjornebye]

Hilarious that Catcher pulled out this big forensic analysis of our finances and how we are in grave danger without matchday money due to covid etc and it's them out of everyone who have royally ballsed it up 

[Pete]

3 minutes ago, Bjornebye said:

Hilarious that Catcher pulled out this big forensic analysis of our finances and how we are in grave danger without matchday money due to covid etc and it's them out of everyone who have royally ballsed it up 

Shouldn't that be Royally Bluesed it up?

[Anubis]

This morning’s offering from the blessed saint.

 

Saint Domingo

Player Valuation: £70m

• 59 minutes ago

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• #52,147

davek said:

Utter bollocks that story.

1/ not a single source for these claims
2/ who are Everton getting docked points by when the PL have ok'd the Everton explanation?

Wouldn’t put it past the PL to be utter hypocrites after they let the scab six off the hook. The clubs that applied to the furlough scheme? Clubs with murderous owners/sponsors? Nothing 

Oh wait there’s Everton who have overspent a bit even though they agreed it with us. Time to make an example.

[manwiththestick]

17 minutes ago, Anubis said:

This morning’s offering from the blessed saint.

 

Saint Domingo

Player Valuation: £70m

• 59 minutes ago

• New
•  
• Add bookmark
• #52,147

davek said:

Utter bollocks that story.

1/ not a single source for these claims
2/ who are Everton getting docked points by when the PL have ok'd the Everton explanation?

Wouldn’t put it past the PL to be utter hypocrites after they let the scab six off the hook. The clubs that applied to the furlough scheme? Clubs with murderous owners/sponsors? Nothing 

Oh wait there’s Everton who have overspent a bit even though they agreed it with us. Time to make an example.

"Overspent a bit"

[aws]

Their lack of self-awareness is awe-inspiring.  

[The Front Three Musketeers]

'Oh wait there’s Everton who have overspent a bit even though they agreed it with us.'

 

'Under Premier League rules, clubs are only permitted to lose £105m over a three-year period.'

 

Everton's losses over a three-year period = £373m

 

You've gone far and beyond what was agreed, you twat.

[Harry Squatter]

1 hour ago, Anubis said:

This morning’s offering from the blessed saint.

 

Saint Domingo

Player Valuation: £70m

• 59 minutes ago

• New
•  
• Add bookmark
• #52,147

davek said:

Utter bollocks that story.

1/ not a single source for these claims
2/ who are Everton getting docked points by when the PL have ok'd the Everton explanation?

Wouldn’t put it past the PL to be utter hypocrites after they let the scab six off the hook. The clubs that applied to the furlough scheme? Clubs with murderous owners/sponsors? Nothing 

Oh wait there’s Everton who have overspent a bit even though they agreed it with us. Time to make an example.

Liverpool didn't furlough their staff and Everton claimed £19m from the government from the Covid 19 interruption loan scheme but why let facts get in the way of another Everton moan?

[Mudface]

3 hours ago, Vincent Vega said:

Are they getting preferential treatment from the PL due to their status as being members since the outset? I can’t imagine the PL being so helpful if it was Brighton or Villa who found themselves in this position. Benefiting from the powers that be?

 

Also, do they not need to return the £30m they took from Uncle Uzzie for the bogus stadium naming rights? That money has been taken with no prospect of that company being allowed to sponsor them due to the sanctions on Russia. Returning that money would blow an even bigger hole in their accounts.

They've only suspended the USM sponsorships, other clubs cancelled their Russian equivalents outright. Not dodgy at all.

[VladimirIlyich]

12 hours ago, dockers_strike said:

They arent going to get away with it, you know!

 

Several Premier League clubs are conducting a forensic analysis of Everton’s accounts amid suspicion they have breached the top flight’s spending rules for the last two years.

Sportsmail disclosed last month that Everton have reached an agreement with the Premier League in which they consult over signings and new contracts, to avoid being found in breach of the regulations.

That revelation angered many of their rivals.

Everton previously reached an agreement to avoid being found in breach of the regulations

Everton delayed publication of their 2020-21 accounts last week, adding to the ill-feeling, with many clubs baffled as to how they can have stayed within the spending limits after announcing losses of £120million. Their total losses over the last three years are a staggering £373m.

Under Premier League rules, clubs are only permitted to lose £105m over a three-year period, although investment in stadiums and infrastructure, women’s football and community projects are exempt from the calculations, and additional allowances have been made for the impact of Covid-19.

Like all clubs, Everton suffered with no fans during the Covid pandemic, incurring losses. (No, all clubs suffered!)

Middlesbrough and Wycombe began action against Derby over their accounting practices during the 2019-20 season, although Middlesbrough’s case has now been dropped.

Everton have leant heavily on the pandemic in explaining the losses in their accounts, stating that Covid has cost them £170m over the last two years with a £103m loss in 2020-21 alone.

Those claims have been met with scepticism from some rivals. Sources at several clubs have pointed out that Everton’s write-offs due to Covid are way above most of those in the Premier League, despite the fact their missing gate receipts are considerably smaller.

Everton’s published accounts have done little to allay such concerns because they only provide details of £82m of the losses, split between £67m in 2020 and a further £15m in 2021.

Everton are adamant they are complying with the Premier League's sustainability rules

 

That £82m of Covid-related losses is broken down as £22m in match-day revenue, £9m in broadcast rebates, a £17m drop in commercial income and a further £34m missing from other sources such as player transfers.

Everton’s rivals are not convinced by their calculations, however, and have taken matters into their own hands after failing to get the answers they were looking for in Premier League shareholders’ meetings.

The £373m losses at Everton over the last three years are the highest in the Premier League by far, with Chelsea and Arsenal the next in line with losses of £222m and £213m respectively, leading to incredulity that they can be explained away by the impact of the pandemic.

Everton are adamant they are complying with the Premier League’s profit and sustainability rules and are confident that their 2020-21 accounts will be signed off by the top flight.

They next face second-bottom Burnley in a crucial match at Turf Moor on Wednesday evening

Potential sanctions if the club are charged with a breach include heavy fines and a points deduction.

In addition to their financial problems, Everton face a battle on the field to stay in the Premier League. Frank Lampard’s side are just three points above the bottom three following Sunday’s defeat at West Ham, their fourth league loss in five matches, and relegation would be a financial calamity because the EFL’s application of their spending rules is far stricter.

Beleaguered Everton face second-bottom Burnley in a crucial match at Turf Moor on Wednesday evening.

https://www.dailymail.co.uk/sport/sportsnews/article-10685545/Everton-sued-373m-losses-Premier-League-rivals-amid-doubts-Covid-write-off.html

This would open a can of worms though wouldn't it? We all know that if Chelsea and Everton have been fiddling the books or receiving dodgy cash,where is the cash from City and Newcastle coming from?

[dockers_strike]

23 minutes ago, VladimirIlyich said:

This would open a can of worms though wouldn't it? We all know that if Chelsea and Everton have been fiddling the books or receiving dodgy cash,where is the cash from City and Newcastle coming from?

I dont think 'dodgey cash' is the issue here though. It will be the shite's 'creative accounting' that will be the issue.

 

OK, some may say the lines are blurred between the two but if they are attempting to offset big losses by dubious means, I think other clubs will go after them.

[TheHowieLama]

St Domingo has a 70mil valuation?

 

Is that pre Covid?

[VladimirIlyich]

1 minute ago, TheHowieLama said:

St Domingo has a 70mil valuation?

 

Is that pre Covid?

Pre decimal and in half pennies.

[redinblack]

25 minutes ago, TheHowieLama said:

St Domingo has a 70mil valuation?

 

Is that pre Covid?

Its in Italian Lira, so about 40p

[dockers_strike]

23 hours ago, index1000 said:

That will be better but it still takes them an age to get a player on. Should be like rugby let the 4th official get it all done and they all run on and off at the same time. 

I gather the team bench do all the 'work' for subs including setting the boards for the relevant numbers of the players coming off and those coming on, in an effort to speed up the process. It does still seem to take an age though.

[AngryOfTuebrook]

3 hours ago, manwiththestick said:

"Overspent a bit"

*insert every single laughing gif on the internet*