6 + 2 Point Deductions

[BlueStevie35]

I dont mind someone being wrong from time to time. But loudly and arrogantly misleading people year in and year out and never apologizing for it is hurtful to people.

Not to mention the revelation from the FAB meeting about him wanting administration

 

[Big_Duncs_Fod]

There were literally protests every game against the board.

In a decades time the new stadium might be the only thing that keeps us afloat or makes us an asset to a buyer. I assume you have a watertight financial understanding will the requisite research of why that will never be the case so that you can call others stupid.

You will get likes from the super reasonable blues on here who have sucked Masters off from the start so they can troll others on their worst fears. But the prem raking in profits does not mean they have acted in good faith or without corruption, it does not mean their punative action was just and it does mean Everton are well ran and simply a victim of this. Real life is nuanced

Mate we won't own BMD for much longer if the club goes into administration. It will be sold off to cover debt and we'll be paying rent to use it.

BMD is looking more and more like a white elephant that will be the final nail in the coffin of this club.

 

[larrygobfiend]

Bill didn’t have to face the consequences of his actions, just like Jimmy Saville.

We’re toast

 

[RD2910]

By estimating how much we will be able to deduct and comparing the resulting figure to the 40m we know we were allowed. I'd arrive at roughly the same result.

Based on what figures? Or should the word estimation be bolded and underlined?

 

[Lapeno77]

Trying to get my head round the accounts having a page dedicated to the late owner being a fantastic chairman; before we go on to double our losses to £89m... all said without a hint of irony too.

Our glorious leader. Straight out of the despots playbook.

 

[BlueStevie35]

Mate we won't own BMD for much longer if the club goes into administration. It will be sold off to cover debt and we'll be paying rent to use it.

BMD is looking more and more like a white elephant that will be the final nail in the coffin of this club.

The stadiums on protected land so can’t be sold otherwise the club would face legal action

 

[Yarrgh]

Who else is wondering how Matt Hughes will take this news?

He's done a Michael Hutchence and accidentally offed himself whilst knocking one out.

 

[Wat Tyler]

Exactly. Moshiri, brought in by Kenwright, has burned the club to the ground. But other clubs are apparently immune from massive losses. We've been made an example of. And we have bent over and taken it.

The club near enough thanked the PL for giving us six points the other week. Prentice at his finest.

 

[Tony’s Carp]

Based on what figures? Or should the word estimation be bolded and underlined?

Last year's statutory loss was 45m and in the appeal report that went down as a 10m loss for PSR. So 35m of deductibles. However I think those accounts had c.8m of Covid deducted and this year's don't. So we had 35m deductibles then but possibly only 25m now. But yes this is an ESTIMATE but a reasonable one. I'm hoping there are more deductibles than that but we don't know.

Statutory loss 89m
Deductibles c. 25m
PSR loss c. 65m

PSR wiggle room (from appeal verdict) 40m

Breach c. 25m

 

[ForeverEverton]

I think I`d halt any panic attack some guys on here are having....

These accounts aren`t what we were hoping to see BUT they are the second lowest in the last 5 years...

YE2019 -£111,8m
YE2020 -£139.8m
YE2021 -£120.9m
YE2022 -£44.7m
YE2023 -£89m

 

[Goat]

The stadiums on protected land so can’t be sold otherwise the club would face legal action

But what if the club ceased to exist after Administration?

 

[Clarky cat]

i feel sick.
and angry

You gave the taxi driver a tip didn’t you mate?

 

[Drico]

Last year's statutory loss was 45m and in the appeal report that went down as a 10m loss for PSR. So 35m of deductibles. However I think those accounts had c.8m of Covid deducted and this year's don't. So we had 35m deductibles then but possibly only 25m now. But yes this is an ESTIMATE but a reasonable one. I'm hoping there are more deductibles than that but we don't know.

Statutory loss 89m
Deductibles c. 25m
PSR loss c. 65m

PSR wiggle room (from appeal verdict) 40m

Breach c. 25m

Forest got 4 points for 35. We'll do remarkably well to get 2. But even that will be fatal on current form.

 

[Street end man]

How does this loss/breach compare to Forests? Not fully understanding the severity of it.

 

[Big_Duncs_Fod]

The stadiums on protected land so can’t be sold otherwise the club would face legal action

If the club goes into administration and can't pay its creditors back of course it will be sold as it is an asset. The ground could be built on holy ground and it wouldn't make a difference to the administrators or HMRC for that matter.

It will be sold and like you said thr club will be left to deal with any legal issues.