6 + 2 Point Deductions

[mikel_88]

What is even the point the team is crap becomes a point now how is the club even getting a sporting advantage cba wtf mess this club is.

 

[jonnyboy316]

“The directors have changed the accounting policy for interest costs on borrowings related to construction projects. Interest on borrowings incurred for the purpose of construction projects is recognised as part of the cost of the asset under construction. The directors have made this change because they believe it better reflects the total cost of construction, and is so considered to be more relevant. Prior to this change in policy the interest was expensed. This change in policy has resulted in interest of £484,000, previously expensed, being capitalised in 2021 and £6,319,000 being capitalised in 2022. During 2023 £19,024,000 was capitalised.”

So the interest specifically relating to stadium construction already take out of the loss and capitalised. Presumably that’s the interest you can deduct for PSR purposes. So there is no “more” interest that can be struck out? This below is the only interest left in the loss, and won’t be stadium related

View attachment 250769

Hopefully we have spent about £75m on the women’s team and can deduct that.

So we had £40m allowable. Anything more and it would be a PSR breach. So if no interest left to deduct are well looking at somewhere between £45-50m. I think Forest were about £35m

 

[Walken]

So we had £40m allowable. Anything more and it would be a PSR breach. So if no interest left to deduct are well looking at somewhere between £45-50m. I think Forest were about £35m

Yeah but forest were super duper helpful so got 6 points less

 

[Del-boy]

Thought we’d made millions selling them stones around the ground..

 

[jonnyboy316]

Yeah but forest were super duper helpful so got 6 points less

This prat has given his 10 cents

 

[Obes]

The Club, as far as I’ve been told by a member of staff, believe that this PSR breach is really small (lower than the previous £19.5m) but, having now seen the full accounts, I question how this can possibly be the case. It wouldn’t be the first time the football club has tried to pull the wool over peoples’ eyes. However, I haven’t the faintest idea of where this is all lands with regards to PSR deductibles and whatnot.

Personally, as ever, I am fearing the worst. The football club has been heading in only one direction for years and there appears no way of arresting the decline. I continuously ask myself, what is the point?

 

[ForeverEverton]

the silk feller has legged it as we speak to barbados

I`m not sure how much the breach is but there is some interesting numbers outlined on the club website, which I think will be used in mitigation. To summarise:-

-£210.9m Capital Costs for stadium
-Player profit £47.5m
-Sponsorship, advertising and comm income was £19.2m but it says that this was impacted by £20m due to the suspension of USM, Megafon and Yota. Interestingly last year was £35m so we were due to come in at about £40m which would have also put our revenue to £192m.
-Other commercial revenue up £4.4m to £19.7m
-Gate Receipts increased by £1.7m
-Broadcast Revenue up by 900k

Clubs net debt position is £330.6m

For me the business looks like it was improving in all areas except for the Ukraine War which we can now quantify as £20m, which was beyond the clubs control which would also have put our revenue at £10m higher than last year.

Obviously the debt and the player wages is still a massive issue, how has the wages only gone down by £3m but then I think that will be massively reduced in the next set of accounts as we have had some high earners leave.

 

[HappyJack]

Could there not be a seance to get Jabba the Hut back and ask him if he can tell us where the fuggin Arteta money is?

 

[Del-boy]

The Club, as far as I’ve been told by a member of staff, believe that this PSR breach is really small (lower than the previous £19.5m) but, having now seen the full accounts, I question how this can possibly be the case. It wouldn’t be the first time the football club has tried to pull the wool over peoples’ eyes. However, I haven’t the faintest idea of where this is all lands with regards to PSR deductibles and whatnot.

Personally, as ever, I am fearing the worst. The football club has been heading in only one direction for years and there appears no way of arresting the decline. I continuously ask myself, what is the point?

If only Blue Bill was still with us. He’d dazzle the commission with his blue dream and get us off the hook.

 

[Lapeno77]

 

[Wat Tyler]

instead of writing love letters to 777, moshiri and richard masters maybe that group that is suppose to represent us everton fans can start demanding answers as to the gross mismanagement of this club and call out moshiri for the state of our finances

Moshiri doesn’t give a flying one on his yacht

 

[Del-boy]

We need to do our bit by getting down the club shop and buying all the stock.

 

[knowing your history]

Basically there's no realistic situation where both Branthwaite and Onana will stay? At least one of them will have to be sacrificed before July 1st 2024, possibly both?

Of the two Onana is a little more sellable as let's be honest the backline would then be one Tarks pulled hamstring or ACL away from total disaster next season, very lucky he's an incredibly robust CB.

 

[RomanReigns]

Moshiri doesn’t give a flying one on his yacht

i will find his yacht and then he will once i get my hands on him

 

[efcste97]

This prat has given his 10 cents

He's an absolute prick but unfortunately everything he's saying here is probably true