6 + 2 Point Deductions

[maccavennie]

I had a dream last night that we received a 7 point deduction.

My dreams never come true though, so expect 9 instead.

 

[Bob Elstone]

Where’s the Joyce article?

 

[Blue peter]

Was ours a 3 day hearing for the second charge last week? Bit odd given only one year to look at (unless this IC reviews the whole assessment period as though the previous charge never happened - do documented rules on this obviously).

Forest were only in there 2 days, and most of that was handing out choccies and signed kits.

Not odd at all….a day of that was holding a seance to ‘reach the other side’ in an attempt to get Billy to sweet talk them in his testimony

 

[Dixieslaces]

Where’s the Joyce article?

Sanctions, survival and takeover limbo – Everton face defining month

With a packed schedule, debts to be settled for their new stadium and the threat of another points deduction, April is shaping up to be key for Sean Dyche’s side

www.thetimes.co.uk

Behind Paywall i think

Sure someone on here can do magic stuff though!

 

[Efcjake]

Premier League PSR: Clubs total of £1bn of losses in 11 charts

BBC Sport breaks down the Premier League clubs' £1bn of losses in 11 charts.

www.bbc.co.uk

Its just not cricket really.

Bringing in less than Leeds, Leicester and Villa in commercial revenue...


We have been so disastrously mismanaged.

 

[Deulofeumygod]

I sincerely hope that we create some solid American connections and utilise this moving forward if we have American owners.

 

[HTCHERO]

Bringing in less than Leeds, Leicester and Villa in commercial revenue...


We have been so disastrously mismanaged.

I tend to think when you want none Liverpool or UK based fans or name is a sticking point. You ask a yank do they know were Liverpool is they will mention the Beatles or RS but If you say were is Everton it's a blank face. Loads of people in the UK don't know Everton is a place. We can't change this but it impacts us.

 

[kenada_blue]

Was ours a 3 day hearing for the second charge last week? Bit odd given only one year to look at (unless this IC reviews the whole assessment period as though the previous charge never happened - do documented rules on this obviously).

Forest were only in there 2 days, and most of that was handing out choccies and signed kits.

Forests was cut and dry case of "yes we over spent but let us off with the Johnson sale pleeeeease".

Ours is a bit of a mess piggybacked on the last hearing.

 

[Dad watched Dixie]

Not odd at all….a day of that was holding a seance to ‘reach the other side’ in an attempt to get Billy to sweet talk them in his testimony

Still trying to find the Arteta money it would seem!

 

[summerisle]

Sanctions, survival and takeover limbo – Everton face defining month

With a packed schedule, debts to be settled for their new stadium and the threat of another points deduction, April is shaping up to be key for Sean Dyche’s side

www.thetimes.co.uk

Behind Paywall i think

Sure someone on here can do magic stuff though!

Sanctions, survival and takeover limbo – Everton face defining month
With a packed schedule, debts to be settled for their new stadium and the threat of another points deduction, April is shaping up to be key for Sean Dyche’s side

Four of Everton’s five games in April are at Goodison Park

There are points to be won, points potentially to be lost, loans to be settled, a takeover to be resolved and builders, staff and players to be paid. April is shaping up to be a month like no other for Everton.

The draw salvaged away to Newcastle United on Tuesday after Dominic Calvert-Lewin’s late penalty, his first goal in six months, did not prevent Sean Dyche from overseeing the unwanted record of the club’s longest winless streak in the Premier League, now standing at 13 matches.

Yet there were some positive signs in the second half at St James’ Park, to give Everton belief going into Saturday’s crucial relegation showdown with Dyche’s former club Burnley that the dismal run can be ended.

Victory at Goodison Park would ease relegation concerns, though there is a danger that those three points will only temporarily stay next to Everton’s name in the league table.

The club are due to discover next week what punishment it will receive for a second breach of the Premier League’s Profitability and Sustainability Rules (PSR). They have already been docked six points (reduced from ten on appeal) for breaking spending rules in 2021-22 and there is an expectation at Everton that another sanction for 2022-23 will be lower, after arguing that double jeopardy should apply. Under the rules, losses of no more than £105 million are allowed over a three-year period and club lawyers stated they had already been punished for the overlap.

With Everton four points clear of the relegation zone in 16th (and seven points clear of second-bottom Burnley) the size of any deduction is key, especially given that, of Dyche’s side’s remaining eight fixtures, four are against the teams below them and one against the team, Brentford, immediately above them. Four of those five matches are at home, plus a trip to Luton Town.

As fraught as that sounds, much of it pales by comparison to the saga of 777 Partners’ proposed buy-out of the club’s owner, Farhad Moshiri, which is also now reaching a critical juncture.

The takeover saga has dragged on since last September when Moshiri agreed to sell to the Miami-based company, whose purchase of his 94.1 per cent stake is the subject of strict conditions from the Premier League.

A significant repayment for a loan taken out for the construction of the club’s new stadium is due by April 15th.

One of those parameters is the repayment of a £158 million loan by April 15 for the construction of the club’s new stadium at Bramley-Moore Dock. The loan is split between MSP Sports Capital, whose attempts to buy into the club foundered last summer, Everton-supporting local businessmen George Downing and Andy Bell, and Moshiri himself.

While 777, co-owned by Josh Wander and Steve Pasko, bullishly maintains it will repay the money by the deadline, there remains scepticism about the capabilities of a firm whose financial practices and structure have been exposed to unwanted scrutiny by investigative publications such as Josimar.

The Premier League said it was “minded” to grant approval to the takeover subject to its conditions being met, which felt like code for it retaining some misgivings. Dialogue has continued this week but the authorities are still not fully satisfied that everything is on course for a change of control at the top of the club.

What happens if 777 falls by the wayside is a multimillion-pound question. So far it has provided about £180 -200 million in loans to cover the club’s monthly running costs. If it stops providing funds, someone else will have to write a £30 million pay cheque every four weeks for staff, player and stadium costs.

Moshiri’s plan B — if there is one — is unclear. There is interest from another American group, which does not have a sporting background but is believed to be cash rich, but they remain in the shadows.

Downing and Bell, who are owed about £50 million, act as security agents on the new 52,888-seater stadium and saving that project would require a payment to constructors Laing O’Rourke at the end of the month as part of a fresh commitment north of £100 million.

But completing the new ground is less onerous a financial task than taking over a once-proud institution, whose debts are currently at £330.6 million, as outlined in the latest set of accounts published last Sunday.

Those figures painted a picture of a club that could yet face a third PSR charge for the year up to June 2024, raising the prospect of players such as Amadou Onana being sold and Everton being susceptible to offers for Jarrad Branthwaite, as they try to bring in enough money to fall within the spending threshold.

However, it seems as if a growing number of Premier League clubs will also be trying to trim back their squads to meet the regulations, so who is going to buy all the players?

Securing fresh funding for a long-term plan would be easier if Everton’s place in the top flight were not in jeopardy, which is why the coming weeks are so important.

The previous points deduction dragged Everton back into the mire and Dyche said: “We have had one knock, who knows what comes next?”

Unfortunately, that is feeling off the pitch too. Clarity is coming but that may not result in everyone liking what they want.

Key Dates.

• April 6 Burnley [h]
• April 8 Verdict from PSR breach due to be passed to club
• April 15 Chelsea [a]; £158m loan to be repaid by 777 Partners to MSP Capital, Farhad Moshiri and local businessmen George Downing and Andy Bell.
• April 21 Nottingham Forest [h]
• April 24 Liverpool [h]
• April 27 Brentford [h]
• Late April Latest tranche of money stadium contractors, Laing O’Rourke, to be paid to keep project on track.

 

[kenada_blue]

Bringing in less than Leeds, Leicester and Villa in commercial revenue...


We have been so disastrously mismanaged.

It's reduced year on year since we made a about £60mill in 2020. COVID almost halved that in 2021 (£46mill). Due to struggling on the pitch, the USM deal etc, it's dropped from £50mill (22) to £40mill (23).

Once Mosh couldn't be arsed and the team struggled, everything else did the same.

 

[kenada_blue]

Sanctions, survival and takeover limbo – Everton face defining month
With a packed schedule, debts to be settled for their new stadium and the threat of another points deduction, April is shaping up to be key for Sean Dyche’s side

Four of Everton’s five games in April are at Goodison Park

There are points to be won, points potentially to be lost, loans to be settled, a takeover to be resolved and builders, staff and players to be paid. April is shaping up to be a month like no other for Everton.

The draw salvaged away to Newcastle United on Tuesday after Dominic Calvert-Lewin’s late penalty, his first goal in six months, did not prevent Sean Dyche from overseeing the unwanted record of the club’s longest winless streak in the Premier League, now standing at 13 matches.

Yet there were some positive signs in the second half at St James’ Park, to give Everton belief going into Saturday’s crucial relegation showdown with Dyche’s former club Burnley that the dismal run can be ended.

Victory at Goodison Park would ease relegation concerns, though there is a danger that those three points will only temporarily stay next to Everton’s name in the league table.

The club are due to discover next week what punishment it will receive for a second breach of the Premier League’s Profitability and Sustainability Rules (PSR). They have already been docked six points (reduced from ten on appeal) for breaking spending rules in 2021-22 and there is an expectation at Everton that another sanction for 2022-23 will be lower, after arguing that double jeopardy should apply. Under the rules, losses of no more than £105 million are allowed over a three-year period and club lawyers stated they had already been punished for the overlap.

With Everton four points clear of the relegation zone in 16th (and seven points clear of second-bottom Burnley) the size of any deduction is key, especially given that, of Dyche’s side’s remaining eight fixtures, four are against the teams below them and one against the team, Brentford, immediately above them. Four of those five matches are at home, plus a trip to Luton Town.

As fraught as that sounds, much of it pales by comparison to the saga of 777 Partners’ proposed buy-out of the club’s owner, Farhad Moshiri, which is also now reaching a critical juncture.

The takeover saga has dragged on since last September when Moshiri agreed to sell to the Miami-based company, whose purchase of his 94.1 per cent stake is the subject of strict conditions from the Premier League.

A significant repayment for a loan taken out for the construction of the club’s new stadium is due by April 15th.

One of those parameters is the repayment of a £158 million loan by April 15 for the construction of the club’s new stadium at Bramley-Moore Dock. The loan is split between MSP Sports Capital, whose attempts to buy into the club foundered last summer, Everton-supporting local businessmen George Downing and Andy Bell, and Moshiri himself.

While 777, co-owned by Josh Wander and Steve Pasko, bullishly maintains it will repay the money by the deadline, there remains scepticism about the capabilities of a firm whose financial practices and structure have been exposed to unwanted scrutiny by investigative publications such as Josimar.

The Premier League said it was “minded” to grant approval to the takeover subject to its conditions being met, which felt like code for it retaining some misgivings. Dialogue has continued this week but the authorities are still not fully satisfied that everything is on course for a change of control at the top of the club.

What happens if 777 falls by the wayside is a multimillion-pound question. So far it has provided about £180 -200 million in loans to cover the club’s monthly running costs. If it stops providing funds, someone else will have to write a £30 million pay cheque every four weeks for staff, player and stadium costs.

Moshiri’s plan B — if there is one — is unclear. There is interest from another American group, which does not have a sporting background but is believed to be cash rich, but they remain in the shadows.

Downing and Bell, who are owed about £50 million, act as security agents on the new 52,888-seater stadium and saving that project would require a payment to constructors Laing O’Rourke at the end of the month as part of a fresh commitment north of £100 million.

But completing the new ground is less onerous a financial task than taking over a once-proud institution, whose debts are currently at £330.6 million, as outlined in the latest set of accounts published last Sunday.

Those figures painted a picture of a club that could yet face a third PSR charge for the year up to June 2024, raising the prospect of players such as Amadou Onana being sold and Everton being susceptible to offers for Jarrad Branthwaite, as they try to bring in enough money to fall within the spending threshold.

However, it seems as if a growing number of Premier League clubs will also be trying to trim back their squads to meet the regulations, so who is going to buy all the players?

Securing fresh funding for a long-term plan would be easier if Everton’s place in the top flight were not in jeopardy, which is why the coming weeks are so important.

The previous points deduction dragged Everton back into the mire and Dyche said: “We have had one knock, who knows what comes next?”

Unfortunately, that is feeling off the pitch too. Clarity is coming but that may not result in everyone liking what they want.

Key Dates.

• April 6 Burnley [h]
• April 8 Verdict from PSR breach due to be passed to club
• April 15 Chelsea [a]; £158m loan to be repaid by 777 Partners to MSP Capital, Farhad Moshiri and local businessmen George Downing and Andy Bell.
• April 21 Nottingham Forest [h]
• April 24 Liverpool [h]
• April 27 Brentford [h]
• Late April Latest tranche of money stadium contractors, Laing O’Rourke, to be paid to keep project on track.

Also May after the season finishes being the final date to hear from any appeals.

 

[JohnRoss23]

How many years of points deductions does it take a club to become sustainable again? It does more harm than good in the long term. Then again, the league doesn't care because there's how many teams in English football to replace teams like Forest and Everton who get stuck in an endless cycle? As long as you are City, Liverpool, Man U, Arsenal, Chelsea you are fine and have nothing to worry about.

 

[Yarrgh]

Give us our stolen points back you corrupt cheating rats.

This is the correct approach.

 

[Cameron Manning]

Not odd at all….a day of that was holding a seance to ‘reach the other side’ in an attempt to get Billy to sweet talk them in his testimony

They would have to ignore his evidence if they got through to him even if he was ‘up there’ he’d still be telling porkies, he just can’t help it.