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The IC's verdict was that Everton had acted recklessly by continuing to sign players even though we knew we had huge PSR issues. The IC's verdict was that we had misled the Premier League over Stadium funding. The IC made clear that both the PL and EFL have a starting point that significant...

Everton’s understandable desire to improve its on-pitch performance (to replace the non-existent midfield, as Mr Moshiri put it in evidence) led it to take chances with its PSR position: those chances resulted in it exceeding the £105 million threshold by £19.5 million. The position that...

One of the major points of PSR is to stop badly run clubs from entering administration and gaining a sporting advantage by dumping debt and starting again.

Moshiri admitted that we broke PSR so that we could replace a non-existent midfield. It is harder to think of a clearer on-field example.

Of course, it is not fair to punish the fans. However, the counterargument is why should the fans of the clubs who got relegated be punished. Instinctively we think well that isn't our concern. It is though. Us staying up this season could well depend on how Forest and City are treated...

I am a blue. The only change of allegiance is in Mike's head. He posted on here and accused me of being a Kopite and then half an hour later accused me of being an Arsenal supporter. This is how many PM's he has sent me.

That isn't really true and why people should read the IC report and not rely on podcasts that are generating income from this. The PL accepted the interest on the loans until it became aware that the paperwork for the loans showed they were for working capital and excluded being used on the...

No, you are conflating two different things. The £2m was in regard to what date the club could capitalise interest payments. The club conceded that it was the date of the start of the financial year in which planning was granted 1 July 2020 and not the actual date at which planning was granted...

I think it is very telling that BDO were apparently unwilling to sign off the accounts and that Ingles and DBB were unwilling to speak to the Independent Commission.

The thing is from Moshiri buying the club in 2016 to the present day the club has received 24 different commercial loans. Six months after Moshiri bought the club we took out a high-interest loan with Rights and Media against future TV revenue. To pretend that the club only takes out commercial...

I have just stated the opposite. Talk about ignoring what has been posted and applying your own bias to it.

I am not a grass so I will remain zippy on this one. PS Mike that does not mean I am a character from Rainbow.

Oh No Mike will now think my name is Shaun Promise. He has just sent me a PM telling me he has now decided I am an Arsenal fan.

This is from the Guardian from October 2022. “In line with company best practice we do follow audit rotation. However BDO remain our auditors and have not resigned.” BDO declined to confirm it would be auditing Everton’s latest accounts, which cover the year to the end of June 2022. However...

I was quite rightly banned because I lost my rag and gave some back to the posters who were stalking me and sending abusive PM's. I wasn't going to return and only did so because of the absolute rubbish that social media content creators are peddling. What the fan base desperately needs is some...

No that isn't correct. We admitted the breach but argued over the amount we had breached it by. It is here in black and white. In its Amended Answer Everton admitted it had abandoned its claim to be entitled to many of the additional exclusions that it had advanced in its PSR calculation, and...

There is nothing definite. The expectation is that the Premier League will look to mirror the way UEFA has changed FFP. The main thing is that UEFA is moving away from losses and moving to a new system based on banning overdue payables, then comparing a club's income to its squad cost. It makes...

I have the utmost respect for the people brave enough to like my posts. That is because despite the mod's best efforts there is a very aggressive mob mentality on here. Personally, I look at what someone has said and judge it on its merits. On here there are far too many people who start with...

My god, you are actually serious about this, aren't you? I don't want to in any way belittle mental health issues and I mean this in the nicest possible way. You need help my friend. You have spent weeks middle-fingering my posts. You have sent me dozens of abusive PM's and now you are...

They started proceedings against City in 2018, years before an Independent regulator was even dreamt of. They are punishing Everton because we have admitted breaching PSR. The same with Forest. The clubs who have heeded the rules around PSR haven't been charged.