Recent content by devlinadl

Yes, but he’s an accountant by trade. If he claims he didn’t understand what was going on, what sort of accountant does that make him?

There is an allegation in one of the US lawsuits against them that they are a front for cocaine money. Not sure whether to believe it or not.

https://www.theguardian.com/business/2023/sep/26/everton-fc-owner-alisher-usmanov-farhad-moshiri

People keep on saying he’s worth £70m but I’m not really seeing it.

Don’t think they feel any need to justify the money. Board compensation is presumably decided by the board, so there is nobody to justify their compensation to. Certainly nobody so common as the ”fans”. Mosh could rein them in as the majority shareholder, but he doesn‘t appear inclined to do so.

Yes it does. Cutting compensation to the board would be a quick win for FFP and P&S purposes. But I don’t really see that happening, do you?

£305m, not even £350m.

£2.75bn, not £4.5bn. There was a ’pledge’ to invest a further £1.75bn over the next ten years, including a new stadium, but the pledge was one of those slippery things that is not legally binding.

Sterling: £45m+£10m Raphinha: £51m+£9m Jesus: £45m Richarlison: £50m+£10m if anything, Jesus looks slightly undervalued.

Getting high wage earner off the books will help a lot. However, it would also help a lot under the old FFP rules, and I do not see how the new rules are more beneficial to Everton than the old rules. If anything, the are worse, because a 70% threshold for both wages and amortisation (etc) is...

Not sure why you think this would favour Everton. To be clear, the new FFP rules DO NOT apply to Everton currently because FFP only applies to clubs in European competition. The new rules state that wages applicable to the squad and coaching staff plus player amortisation costs less player...

This. Also, three of his goals were penalties. Neither Spurs nor Chelsea are going to give him penalties, so they will be looking at him as a seven-goal-a-season PL striker. That’s not particularly impressive.

IIRC Spurs have more FFP headroom than any club in the league. But it’s Levy, so the club is never likely to get close to the FFP limits.

You can’t do that. Losses caused by the government are still losses and still have to be included for Profit and Sustainability purposes. The only reason that covid was different was because a special dispensation was proposed by the PL and agreed by all the clubs. UEFA did the same for FFP...

Force majeure is a legal term, not an accounting term. The closest accountancy equivalent to force would either an exception or an extraordinary’s item. Both have to be included for FFP (and profit and sustainability) purposes. The only way around this is to get a temporary rule change, such as...