6 + 2 Point Deductions

[Bebeto]

Not that I'm aware of?

From an old daily mail article:

Everton were given the very distinct impression that the cost of interest on loans to build their Bramley Moore Dock Stadium would be excluded from sustainability considerations, just like City's.

They argued that six other clubs had been able to keep them out of the financial calculation and that this was an investment in the long-term future of a club and its city.

 

[Marius57]

From an old daily mail article:

Everton were given the very distinct impression that the cost of interest on loans to build their Bramley Moore Dock Stadium would be excluded from sustainability considerations, just like City's.

They argued that six other clubs had been able to keep them out of the financial calculation and that this was an investment in the long-term future of a club and its city.

Even if there was a rule change, wasn’t the issue due to the cost of interest on the loans we were claiming were nothing to do with the stadium loans but more general loans that directly specified they were not for the stadium.

 

[pfim]

From an old daily mail article:

Everton were given the very distinct impression that the cost of interest on loans to build their Bramley Moore Dock Stadium would be excluded from sustainability considerations, just like City's.

They argued that six other clubs had been able to keep them out of the financial calculation and that this was an investment in the long-term future of a club and its city.

That wasn't the issue. The issue is that the loans were specifically meant (and documented) for working capital purposes.

We tried to claim that the debt was for the stadium and therefore the interest was, when the loan documents we signed stated we were not to use the money for the stadium.

 

[Rollo Tomassi]

I can't figure out how?, we made a profit on player sales offloaded millions in salaries of deadwood.. yet still managed to lose 90 million. The incompetence is astonishing, unless most of that can be written off due to stadium/infrastructure costs then quite frankly we would deserve any deduction they see fit.

Leicester are even worse

 

[Tipp blue]

Leicester are even worse

And it's not too long ago they were the shining light of how a club should be run...

 

[Moomin]

From an old daily mail article:

Everton were given the very distinct impression that the cost of interest on loans to build their Bramley Moore Dock Stadium would be excluded from sustainability considerations, just like City's.

They argued that six other clubs had been able to keep them out of the financial calculation and that this was an investment in the long-term future of a club and its city.

Think that reporter from the Mail was miles off.

 

[anton66]

Annual depreciation definition — AccountingTools

Annual depreciation is the standard yearly rate at which depreciation is charged to a fixed asset. This rate is consistent for the straight-line method.

www.accountingtools.com

Example of Annual Depreciation​

Coati Corporation owns a lathe that originally cost $10,000. The firm estimates that the lathe will have a useful life of 10 years, at which point it will have no salvage value. It plans to use straight-line depreciation, which means that it will incur annual depreciation of $1,000 in each of the next 10 years.


In short, I do not have a clue, but the above example might help somebody.

Mad that they can claim depreciation on a stadium that will go up in value.

 

[pfim]

I had a read, but it might as well have been in mandarin.

https://www.tottenhamhotspur.com/media/v24hfkyo/tottenham-hotspur-limited-300623.pdf

View attachment 251182

It appears they're using double declining depreciation on the stadium, instead of straightline as we discussed above. The effect is that the depreciation expense will be higher in the first years, and decline as the depreciation period expires.

But again, none of this matters because the stadium expenses are excluded from PSR calculations.

 

[pfim]

Mad that they can claim depreciation on a stadium that will go up in value.

You've got that backwards. If the stadium goes up in value and they can claim that, then their income goes up and they can spend more on players.

 

[Yarrgh]

Think that reporter from the Mail was miles off.

I for one am shocked that a Mail reporter is making things up.

 

[Blue peter]

Even if there was a rule change, wasn’t the issue due to the cost of interest on the loans we were claiming were nothing to do with the stadium loans but more general loans that directly specified they were not for the stadium.

Yep

 

[matty1878]

You've got that backwards. If the stadium goes up in value and they can claim that, then their income goes up and they can spend more on players.

so can we obvs say the ground build is and were struggled?

and then if it makes so much when we’re in it?

 

[Saint Domingo]

Bit odd they can’t just tell us yet. What are they waiting for .

 

[Rollo Tomassi]

Bit odd they can’t just tell us yet. What are they waiting for .

Give them a chance they have to make the rules up again.

 

[Walken]

Bit odd they can’t just tell us yet. What are they waiting for .

I might be remembering it wrong but they seem to avoided announcements on gamedays