Bwana
Player Valuation: £10m
Need to be +6 points added, for showing the world what a bunch of tankers PL are.
On the point of co operation, in all forms of investigatory matters co operation is usually factored into the sentance, otherwise how else do you ensure it in future matters. In our case it seems to have had a negative effect.
MikeH72
Player Valuation: £100m
@Baileyjon you’re a danger to society
What's all this administration waffle?
gwladysnight
Player Valuation: £10m
Unfortunately misleading the premier league about the stadium loans and selling Keane wasn't seen as cooperating. Mad or what?
davek
Player Valuation: £150m
Not quite what you've asked, but I've put a better version of this graphic over here - along with other colours:
Leylo
Player Valuation: £35m
What if he doesn't and we get through to the semi final... next Wembley maybe, we supporters deserve a good day out for a change
gwladysnight
Player Valuation: £10m
Why would they. Sky will be absolutely delighted with the 10 point deduction.
The relegation battle was effectively over until the judgement. Now they get to spin interest in portraying us as the plucky underdog who has been harshly treated. Make no mistake as soon as we are out of the relegation zone they will change tack and whine on about how unfair it is on the bottom three that we weren't relegated. They are playing with us.
summerisle
The rain, it raineth every day
Blah, blah, blah, 'sources', blah, blah, blah, that's all folks.
Everton sale: Hundreds of millions wiped off £500m price as lawsuits loom
Club's 10-point deduction could trigger potential £200 million-plus legal claims from the likes of Leeds, Leicester and Burnley
The Miami-based investment firm remains a committed buyer, having secured a host of liability clauses attached to a deal only worth £500 million if the crisis club avoids relegation. Telegraph Sport reported last month how the final price is “performance-related” under unusual circumstances in which payments are staggered over several years.
One source close to talks went further on Saturday by clarifying 777 has necessary protections to weather the “entire fallout” from the biggest sanction in Premier League history.
With Everton still reeling from Friday’s verdict, club lawyers are working on an appeal case to be tabled over the coming days or weeks. Telegraph Sport has also learned how they would fight potential £200 million-plus legal claims from the likes of Leeds United, Leicester City and Burnley.
Sean Dyche’s team dropped immediately from 14th in the table to second-bottom after the punishment was imposed by an independent commission.
The club is now in a race against time to fight to overturn the “wholly disproportionate and unjust sporting sanction” as the appeal must conclude before the end of the season.
A ruling from David Phillips KC in May agreed rival clubs, meanwhile, could apply for compensation. They have 28 days to pursue a claim but, with 777 protected from spending a penny on such litigation, British-Iranian businessman Moshiri would effectively have to foot the bill.
Unforeseen liability clauses similar to those secured by the incoming Everton owner were also struck by the Todd Boehly-led consortium that bought Chelsea last year. The Telegraph reported how the group secured an 11th hour £100 million discount on the £2.5 billion purchase after potential claims were flagged around Roman Abramovich’s funding.
The London club as well as Manchester City, still awaiting a hearing date after being hit with 115 charges, now watch events at Everton with some concern.
Recent allegations against Chelsea relate to a possible range of transfers, managerial appointments and associates of the club, including the deals for Eden Hazard, Willian, Samuel Eto’o and even the arrival of Antonio Conte, who won the Premier League at Chelsea in the 2016-17 season.
However, as Everton were hit with 10-ten point punishment, Gregory Ioannidis, an attorney at law and professor of Clinical Sports Law at Sheffield Hallam University, warned against drawing comparisons between clubs. “They have different considerations,” he added.
The Telegraph revealed a fortnight ago how the league were pushing for a 12-point deduction during hearings against Everton, claiming the club exceeded profit and sustainability spending rules by £19.5 million. Interest payable on loans to build their new ground at Bramley-Moore Dock were cited in a ruling claiming the club “submitted misleading information about the stadium financing costs”.
The site of Everton's new stadium at Bramley-Moore Dock Credit: Getty Images/Christopher Furlong
Ioannidis, of sportslawexpert.org, believes Everton’s appeal will now be fought on “several potential grounds”.
“In terms of proportionality, Everton FC may argue that the application of relevant regulations and statutes of the relevant sport governing bodies may produce scenarios in which the result is neither just nor proportionate, as is the present one, depending on the evidence available,” he said. “It is a general principle of sports law that any sanction must be just and proportionate to the legitimate aim pursued by the regulator.”
Lawsuits by clubs who claim they have missed out on silverware or been relegated are a “difficult scenario for all these claimant football clubs,” Ioannidis added.
In response to inquiries from Telegraph Sport, 777 Partners said: “777 will not be making any comment on this matter while the EPL change of control process remains ongoing.”
The company has been embroiled in its own controversies since being founded by Josh Wander and Steven Pasko in 2015, including allegations of fraud, which the company denies.
In response, the company told Telegraph Sport: “777 has always strived to conduct its businesses in line with local laws and regulations. Where it has been suggested otherwise, we will defend our reputation vigorously by all legitimate means.”
A source close to the company added that “all cases cited have either been closed, dismissed or are being contested as baseless.”
Related Topics
Everton sale: Hundreds of millions wiped off £500m price as lawsuits loom
Club's 10-point deduction could trigger potential £200 million-plus legal claims from the likes of Leeds, Leicester and Burnley
The Miami-based investment firm remains a committed buyer, having secured a host of liability clauses attached to a deal only worth £500 million if the crisis club avoids relegation. Telegraph Sport reported last month how the final price is “performance-related” under unusual circumstances in which payments are staggered over several years.
One source close to talks went further on Saturday by clarifying 777 has necessary protections to weather the “entire fallout” from the biggest sanction in Premier League history.
With Everton still reeling from Friday’s verdict, club lawyers are working on an appeal case to be tabled over the coming days or weeks. Telegraph Sport has also learned how they would fight potential £200 million-plus legal claims from the likes of Leeds United, Leicester City and Burnley.
Sean Dyche’s team dropped immediately from 14th in the table to second-bottom after the punishment was imposed by an independent commission.
The club is now in a race against time to fight to overturn the “wholly disproportionate and unjust sporting sanction” as the appeal must conclude before the end of the season.
A ruling from David Phillips KC in May agreed rival clubs, meanwhile, could apply for compensation. They have 28 days to pursue a claim but, with 777 protected from spending a penny on such litigation, British-Iranian businessman Moshiri would effectively have to foot the bill.
Unforeseen liability clauses similar to those secured by the incoming Everton owner were also struck by the Todd Boehly-led consortium that bought Chelsea last year. The Telegraph reported how the group secured an 11th hour £100 million discount on the £2.5 billion purchase after potential claims were flagged around Roman Abramovich’s funding.
The London club as well as Manchester City, still awaiting a hearing date after being hit with 115 charges, now watch events at Everton with some concern.
Recent allegations against Chelsea relate to a possible range of transfers, managerial appointments and associates of the club, including the deals for Eden Hazard, Willian, Samuel Eto’o and even the arrival of Antonio Conte, who won the Premier League at Chelsea in the 2016-17 season.
However, as Everton were hit with 10-ten point punishment, Gregory Ioannidis, an attorney at law and professor of Clinical Sports Law at Sheffield Hallam University, warned against drawing comparisons between clubs. “They have different considerations,” he added.
The Telegraph revealed a fortnight ago how the league were pushing for a 12-point deduction during hearings against Everton, claiming the club exceeded profit and sustainability spending rules by £19.5 million. Interest payable on loans to build their new ground at Bramley-Moore Dock were cited in a ruling claiming the club “submitted misleading information about the stadium financing costs”.
The site of Everton's new stadium at Bramley-Moore Dock Credit: Getty Images/Christopher Furlong
Ioannidis, of sportslawexpert.org, believes Everton’s appeal will now be fought on “several potential grounds”.
“In terms of proportionality, Everton FC may argue that the application of relevant regulations and statutes of the relevant sport governing bodies may produce scenarios in which the result is neither just nor proportionate, as is the present one, depending on the evidence available,” he said. “It is a general principle of sports law that any sanction must be just and proportionate to the legitimate aim pursued by the regulator.”
Lawsuits by clubs who claim they have missed out on silverware or been relegated are a “difficult scenario for all these claimant football clubs,” Ioannidis added.
In response to inquiries from Telegraph Sport, 777 Partners said: “777 will not be making any comment on this matter while the EPL change of control process remains ongoing.”
The company has been embroiled in its own controversies since being founded by Josh Wander and Steven Pasko in 2015, including allegations of fraud, which the company denies.
In response, the company told Telegraph Sport: “777 has always strived to conduct its businesses in line with local laws and regulations. Where it has been suggested otherwise, we will defend our reputation vigorously by all legitimate means.”
A source close to the company added that “all cases cited have either been closed, dismissed or are being contested as baseless.”
Related Topics
davek
Player Valuation: £150m
No good picking up injures just to get through to a SF against an elite team.
We have far bigger fish to fry.
davek
Player Valuation: £150m
Who cares? Its nothing to our PL existence, absolutely NOTHING.
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