Initial 10, then reduced to 6 + 2 Point Deductions

[MisterJ]

Newcastle have sold St James’s Park to themselves turning a big financial loss into a very big £133 mill profit. PSR has a punishment ended when we and Forest were made an example of.

How do you sell something to yourself?

Could I do it with my mortgage?

 

[pfim]

How on Earth is that allowed, it's an absolute joke, sports washing, but then you look at Chelsea.. We tried and did to build a new stadium, we were told by the corruption riddled Richard Masters that we should have foreseen the Russian invasion of Ukraine and countered that in, you know the increased price of steel, the loss of sponsor revenue because of it. Can you see a slight difference in the way different clubs are treated ? Yes as others will point out the club, well our Owners/ Chaiman/ board at the time lied about our finances, but what happened to "you can't punish the fans !" Yes Gary Neville that vanished when it was our fans and not yours. Man City have appealed over the last 8 /9 years and still haven't been punished, Chelsea have sold Hotels to themselves, their Women's team to themselves, their Mothers are next. Chelsea also put players on 7/8/9 year deals to spread out psr problems, before it was stopped for being unlawful. Just lately they have been found out to be fiddling the books..like us, but Masters and Co thought it was okay to give them a pitiful fine after Masters himself told us and the rest of the footballing World fines meant nothing to super rich owners, can you see a slight difference again ? We were told it had to be a sporting sanction, points deduction because according to them we gained a sporting advantage, at the time it was hard to see where. But the wheel just continues the same people are in charge and the same teams are punished the same teams get off, nothing changes.

While I do not believe there is consistency in sanctions/punishment and it's unjust, certainly the most straightforward thing to do would have been to not mismanage the club into oblivion.

 

[pfim]

What have they done other than sweat a pre-existing new stadium built by a previous ownership regime?

The hard yards were done; all they had to do was be hard faced about exploiting Everton fans and selling a state of the art globally rated stadium facility to corporates: that's like selling hot soup to starivng navvies.

If it were that easy, everyone would do it.

Also, the PL has now fully incentivized growing revenue to purchase and pay players ("exploiting Everton fans"). We either play the game or we don't.

 

[EFC_FRANCIS]

So after all the hand wringing about Chelsea/Newcastle cheating we did the exact same

 

[MikeH72]

So after all the hand wringing about Chelsea/Newcastle cheating we did the exact same

We got deducted points for “cheating” and Chelsea didn’t, so there’s that.

 

[Seathestars]

What have they done other than sweat a pre-existing new stadium built by a previous ownership regime?

The hard yards were done; all they had to do was be hard faced about exploiting Everton fans and selling a state of the art globally rated stadium facility to corporates: that's like selling hot soup to starivng navvies.

777 say hello Dave

 

[davek]

Dave look at the new Commercial deals, big names, all's Moshiri had with Commercial deals was USM and when that was taken away, that's when we landed in trouble amongst other things, lying about financial affairs. We have Pepsi, Budweiser even Heinz, in the past Everton couldn't have dreamt about these. And that's the only way out now to get past psr. More money better players then European football hopefully.

...in the past Everton couldn't have dreamed about it because they had no world class facility...which was built by Moshiri and USM.

No USM = no Pepsi, Budweiser, Heinz..

 

[davek]

Maybe you'd feel better about them if they beheaded a journalist or two.

Are TFG responsible for attacking Iran?

 

[davek]

If it were that easy, everyone would do it.

Also, the PL has now fully incentivized growing revenue to purchase and pay players ("exploiting Everton fans"). We either play the game or we don't.

Dont forget, these deals done are once only hits for years to come until they reach the end of the contracts.

I wouldn't be doing too many back flips celebrating these figures today.

 

[blulouie]

Newcastle have sold St James’s Park to themselves turning a big financial loss into a very big £133 mill profit. PSR has a punishment ended when we and Forest were made an example of.

The only thing that amazes me is how and why the rest of the league havent done this.

 

[Pootsy]

Dont forget, these deals done are once only hits for years to come until they reach the end of the contracts.

I wouldn't be doing too many back flips celebrating these figures today.

Did you miss the part where they said these figures represented the last year at Goodison?

 

[pfim]

Dont forget, these deals done are once only hits for years to come until they reach the end of the contracts.

I wouldn't be doing too many back flips celebrating these figures today.

Most of these deals have nothing to do with today's figures.

And the deals aren't once only hits. The revenue is recognized in the period it is earned, if it's a 5 year deal it's recognized over those 5 years.

 

[EFC_FRANCIS]

We got deducted points for “cheating” and Chelsea didn’t, so there’s that.

Completely separate instance than the one I'm talking about. So there's that.

 

[msb]

There always has to be negative Nellies, a significant improvement in the club position, improved a relatively small loss by Chelsea-accounting into an on the books profit.

All this in the old stadium, one should expect a significant upturn next year

Also converting loans into shares has significantly improved the clubs position, if not destroyed my personal share value.

 

[windymiller]

So, essentially the exact same loss if we discount the one year only accountancy trick.