Financial Fair Play investigation

[Mrk]

From Denise's forward:

"Results and performances on the pitch meant it was necessary to make changes to our first-team management during the season."​

Funny that results and performances off the pitch doesn't make it necessary to change the CEO, isn't it, Denise? Enjoying that big salary are we?

 

[PhilEFC]

"Chairman Bill".

This is Everton not China FFS

The ego on him knows no bounds.

 

[roydo]

Idiots guide please?

I think they have just issued the accounts.

 

[wainy]

 

[Armaghtoffee]

Unbelievable that Kenwright pens the opening to the shizzle show contained therein and uses the platform to attack the fan base.

We are bigger than you Bill. Own your mess and leave.

 

[ToffeeTim]

Our net asset position is miles better than the previous year. I've skimmed through the accounts, and won't be reading them in any more detail, but they aren't that bad. Losses are massively down, and the trend should be further in the right direction for FY23, and the balance sheet looks not too bad either.

I find the timing of our PL investigation slightly strange I've got to say. There will be teams who lose a lot more and have a lot more debt than us....

 

[Azza]

From Denise's forward:

"Results and performances on the pitch meant it was necessary to make changes to our first-team management during the season."​

Funny that results and performances off the pitch doesn't make it necessary to change the CEO, isn't it, Denise? Enjoying that big salary are we?

Highest paid director - £868,000


Shocking.

 

[Bedfordblue]

I am wondering if they also told the same in relation to city...we can drag it as long as needed at the very least until the start of next season.

Says we’ve been charged doesn’t it? Thought we had been revered for Independant investigation…..

 

[chopper6]

Trouble is, we don’t have a 50/60 million player to sell every year. Losses would have been near on 100 million again without the sale of Richarlison.

Grim

 

[good times bad times]

Mmmmmm......'Other Operating Costs' = 36.2m up 10.8m on the previous year.

 

[dockroad]

As a shareholder I just rec'd the email giving the annual report and accounts. Think I need to get into a bottle of malt before I read it Hard copies are available on request it says.

 

[Hickson9]

Anyone got the 3 year average?

 

[davek]

View attachment 207699

Ha Ha Ha ha.

This Ali Bongo tit again.

 

[Mrk]

Interesting snippets:

The Club is in advanced negotiations for additional long-term funding which we are confident will conclude favourably, however, the Board have acknowledged as part of their going concern preparations that at the date these financial statements are approved, there is no contractual commitment to this funding, and as such cannot be guaranteed.

The Club is also in advanced negotiations to secure the next stage of funding for the Bramley-Moore Dock development for the new stadium. Heads of terms have been agreed in this regard and we expect to have concluded in the next couple of months. However, these are not legally binding as at the date of approval of the financial statements and thus also cannot be guaranteed.

It's not clear whether these are negotiations with separate entities or just one.

 

[Azza]

Number of marketing and media employees increased from 53 in 2021 to 78 in 2022.


What an outstanding job they've been doing.