6 + 2 Point Deductions

[Marius57]

Doesn’t matter, they are essentially owned by the nation of Saudi Arabia regardless of what arbitrary company puts their name on it to get around the legalities. Same way PSG are essentially owned by Qatar.

No mate. PSG are owned by the Qatari sovereign wealth fund, same way Newcastle are owned by the Saudi Sovereign wealth fund. But the club that is looking to buy Almiron is not owned by the Saudi Investment fund so is not like PSG.

 

[Marius57]

Come on mate. You would have to be pretty naive not see through that transfer. It will keep on happening everytime Newcastle need to free up some cash. They have a FFP get out of jail card.

Lots of Saudi clubs have bought loads of players though for overinflated amounts. Not just Newcastle players. Are all the clubs they are buying from all owned by PIF as well then?

Considering there’s only 1 week left of the window and Newcastle knew before January that they had no cash as they had to submit their books in December, if they were flogging to one of their own clubs, surely they would have done it early on.

 

[Goat]

Lots of Saudi clubs have bought loads of players though for overinflated amounts.

Have they? I thought most prices were pretty fair personally.

 

[Marius57]

Have they? I thought most prices were pretty fair personally.

Neves, mitrovic, Fabinho. I think it’s more the salaries they are paying that’s the extortionate amounts so maybe not always over inflating the fees.

Anyway, we recently voted to allow deals between clubs owned by same owners etc because we probably hope to do the same.

 

[Joey66]

Who the FFFF Are you talking to............. You MENTALIST xx Post 17255

Chico

 

[Jim Kirk]

are we getting out of this and then be able to sort it so it doesn’t happen next season?

we can’t keep having to sell to stay afloat

Everton are easily a big enough name to attract a rescue buyer, but it will likely come to that. The PL getting their act together now though puts them in a tricky situation as they basically need owner cash injection to stay afloat and the owner has decided to say [Poor language removed] it, I'm out of here and left it to the potential new owners to keep the ship running.

Go to companies house and download Everton's year end accounts since Moshiri came in though. Its a full on clusterfuck. Everton has posted losses as below:

2022 - 45m
2021 - 121m
2020 - 139m
2019 - 112m
2018 - 13m

Should have had the case sorted two years ago but the PL didn't have the appetite, so working through the backlog. 2023 isn't posted publicly until June, but I hear its around the 75m.

Have a browse through if you want to get a feel for where the monies gone, its all there - if a bit heavy going in places, but you can skip all that - the balance sheet and P&L tell you all you need to know. Of particular note, on page 12 of the Directors report regarding Everton as an ongoing concern - specifically, in a relegation scenario it won't be, which is frankly an appalling admission of gross negligence, as a Directors primary responsibility is to ensure the continued viability of the organisation. They are essentially saying, [Poor language removed] it - we go down, we go bust.

EVERTON FOOTBALL CLUB COMPANY, LIMITED filing history - Find and update company information - GOV.UK

EVERTON FOOTBALL CLUB COMPANY, LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

 

[MikeH72]

I reckon we would have paid £30m for ASM tbqhwy

Exactly. I said serious football club.

 

[matty1878]

Everton are easily a big enough name to attract a rescue buyer, but it will likely come to that. The PL getting their act together now though puts them in a tricky situation as they basically need owner cash injection to stay afloat and the owner has decided to say [Poor language removed] it, I'm out of here and left it to the potential new owners to keep the ship running.

Go to companies house and download Everton's year end accounts since Moshiri came in though. Its a full on clusterfuck. Everton has posted losses as below:

2022 - 45m
2021 - 121m
2020 - 139m
2019 - 112m
2018 - 13m

Should have had the case sorted two years ago but the PL didn't have the appetite, so working through the backlog. 2023 isn't posted publicly until June, but I hear its around the 75m.

Have a browse through if you want to get a feel for where the monies gone, its all there - if a bit heavy going in places, but you can skip all that - the balance sheet and P&L tell you all you need to know. Of particular note, on page 12 of the Directors report regarding Everton as an ongoing concern - specifically, in a relegation scenario it won't be, which is frankly an appalling admission of gross negligence, as a Directors primary responsibility is to ensure the continued viability of the organisation. They are essentially saying, [Poor language removed] it - we go down, we go bust.

EVERTON FOOTBALL CLUB COMPANY, LIMITED filing history - Find and update company information - GOV.UK

EVERTON FOOTBALL CLUB COMPANY, LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

i’m to thick mate for all that lol

so i know the board have run us not as
a proper business.

why can’t we get a buyer now other then 777?

it’s all the money? people don’t wanna pay if all?

 

[Ruairi77]

Just listened to a section on the irish Newstalk show "off the ball"
Only caught a bit of it but basically it was the french journalist Phillipe Auclair advocating for the club going in to administration and starting again from the bottom of the football pyramid. Kinda insane stuff.
There was an Evertonian called Sarah doing a good job of trying to explain why perhaps administration isnt the best idea.
I'll keep an eye out for a link. It was just on live about 10 mins ago.

 

[Jim Kirk]

i’m to thick mate for all that lol

so i know the board have run us not as
a proper business.

why can’t we get a buyer now other then 777?

it’s all the money? people don’t wanna pay if all?

In essence, a new owner will be taking on a loss making business knowing they need to pump money in to keep it running whilst dealing with a load of grief about not buying players and selling others off to try and bring it back into compliance with P&S rules. It needs someone with a very thick skin and a ton of cash that doesn't mind risking a billion.

Imagine you could buy a business that was losing pots of money, had debts and long term commitments that you would need to fund out of your own pocket and needed to make a load of people redundant to reduce costs to keep it afloat, and your customers are going to shout abuse at you every time you go near your office and you have to delete your social media accounts because the same customers keep spamming you with sick abuse and threats because your products are rubbish and you can't afford to invest in making it any better until your costs are reduced. They may even hang a badly spelt bedsheet outside the the house of someone who lives near you telling you that they know where you live (or at least they know you live fairly close to said bedsheet). Then the customers turn up at your weekly works event and scream more abuse, telling you that you don't actually own the club and that in fact they do, even though hundreds of millions of pounds are leaving your bank account and nothing is leaving theirs apart from what they spend voluntarily on your products. I know owners tend to have a psychopathic streak, but its certainly a tough gig for anyone to take on.

Its a similar situation to what's happening at Reading, which was funded directly by the owner who then promptly decided to go back to China and turn their phone off. Difference between the two situations is that Everton are a high profile top flight club and Reading are Reading, so some lunatic will crawl out of the woodwork and take the job.

 

[twoblue]

Just listened to a section on the irish Newstalk show "off the ball"
Only caught a bit of it but basically it was the french journalist Phillipe Auclair advocating for the club going in to administration and starting again from the bottom of the football pyramid. Kinda insane stuff.
There was an Evertonian called Sarah doing a good job of trying to explain why perhaps administration isnt the best idea.
I'll keep an eye out for a link. It was just on live about 10 mins ago.

Problem with life today every extrme is giving the same airing as the rational ones, and no one knows where sensible is

 

[Tony’s Carp]

Just listened to a section on the irish Newstalk show "off the ball"
Only caught a bit of it but basically it was the french journalist Phillipe Auclair advocating for the club going in to administration and starting again from the bottom of the football pyramid. Kinda insane stuff.
There was an Evertonian called Sarah doing a good job of trying to explain why perhaps administration isnt the best idea.
I'll keep an eye out for a link. It was just on live about 10 mins ago.

That’s just absolutely mental. Administration is an absolute last resort: your creditors suffer but more importantly real working people lose their jobs, your community efforts fall apart, and it makes no sense from a sporting perspective. It’s not something you choose to do it’s something you have no choice but to do. And we are a long way yet from having to do it, does he think we should just do it for a laugh?

Honestly, as one of the two journos people have been trusting with the 777 reporting from Josimar this would seriously call into question his credibility and understanding of both football and business.

 

[matty1878]

In essence, a new owner will be taking on a loss making business knowing they need to pump money in to keep it running whilst dealing with a load of grief about not buying players and selling others off to try and bring it back into compliance with P&S rules. It needs someone with a very thick skin and a ton of cash that doesn't mind risking a billion.

Imagine you could buy a business that was losing pots of money, had debts and long term commitments that you would need to fund out of your own pocket and needed to make a load of people redundant to reduce costs to keep it afloat, and your customers are going to shout abuse at you every time you go near your office and you have to delete your social media accounts because the same customers keep spamming you with sick abuse and threats because your products are rubbish and you can't afford to invest in making it any better until your costs are reduced. They may even hang a badly spelt bedsheet outside the the house of someone who lives near you telling you that they know where you live (or at least they know you live fairly close to said bedsheet). Then the customers turn up at your weekly works event and scream more abuse, telling you that you don't actually own the club and that in fact they do, even though hundreds of millions of pounds are leaving your bank account and nothing is leaving theirs apart from what they spend voluntarily on your products. I know owners tend to have a psychopathic streak, but its certainly a tough gig for anyone to take on.

Its a similar situation to what's happening at Reading, which was funded directly by the owner who then promptly decided to go back to China and turn their phone off. Difference between the two situations is that Everton are a high profile top flight club and Reading are Reading, so some lunatic will crawl out of the woodwork and take the job.

thanx mate

 

[Joey66]

If you notice the transfer market at the moment in the prem is low fee signings - which suggest to me as a guess 80 percent of clubs in the prem are as guilty as hell over FFP finances - all of a sudden they are stating that they need to offload players to make big signings - this has never happened before particularly with the big clubs - untill the prem make a big 10 points deduction on us .....
In other words we are being an easy target after losing our unofficial financial main backer in USM.....
Chelsea got looked after ....we are they called it only a small club, Trying to move to a new fantastic stadium to better ourselves - someone at the prem does not want that to happen IMO

 

[Bluerover]

Just listened to a section on the irish Newstalk show "off the ball"
Only caught a bit of it but basically it was the french journalist Phillipe Auclair advocating for the club going in to administration and starting again from the bottom of the football pyramid. Kinda insane stuff.
There was an Evertonian called Sarah doing a good job of trying to explain why perhaps administration isnt the best idea.
I'll keep an eye out for a link. It was just on live about 10 mins ago.

Used to listen to that most nights. I don't get the time now or I forget.There used to be another Evertonian on it .

Anyway that french Muppet can keep his nez out of our Club