Financial Fair Play investigation

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catcherintherye said:
Well you didnt deduct them, they were deducted and accepted on the accounts. Businesses do tend to lose money in pandemics.
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Yeah however they were a huge outlier at the level, see also Stoke City as an EFL equivalent.

The League have a right to review.
Comparable info maybe would be one such avenue.

Indirect losses and this isn't just Everton but they feel hypothetical and speculative. Even some of the more straight forward losses such as Impairment of Player Registration attributed to Covid feels like there is an element of trying it on a bit.

Oh Everton may have had experts who back their corner and or auditors but I assume that the PL would have auditors and or experts. Then it's up to the IDC to decide.
 
Damo_1878 said:
Esk says £880m

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In a way this is a good thing for us because he's in so deep he has to keep funding going until the club is in a stable position (PL, stadium finished) to sell and at least recover some of his investment.

A lot of the "Everton could go bust" stuff in the media is based around the fact Moshiri has no formal commitment to keep funding us if we go down, and that's the reason it has to be warned about in the accounts. But in practise he can't afford to walk away.
 
davek said:
Well, if you were a commission reading it what you shouldn't think is: "Hmm. Let me see, what can we do here to make things more unstable? I know, we'll hand them a massive points deduction and sink them".

I suspect that's what the motive was in the auditors inserting that comment.
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Tbh it wouldn't carry much weight with me.

By which I mean it would be a bit of an irrelevant consideration and or red herring. The simple question would be:

"Do the FFP losses and explanation for these Covid losses stack up? Yes or no".

If the former no case to answer, I'd the latter then both sides argue for their proposed sanctions.

I know it's much more complicated with experts etc but it doesn't strike me as being that relevant to the matter at hand.
 
catcherintherye said:
I see.

I mean its pretty farcical if they were accepted one minute and rejected the next. I'm not sure how anyone could have any faith in such a regulator really.

Schrodingers wrote downs, both accepted and rejected.

Unfortunately most football fans, and journalists are too thick to see the inherent contradiction.
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Depends whether it was the outright lock stock and barrel that was accepted or whether it was the number but that they reserved the right to analyse how it was reached over time.
 
Neiler said:
Based on his cheque cashed of 100 mill this financial year, Moshiri has now invested north of £850 million in the club.
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Damo_1878 said:
Esk says £880m

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Tony’s Carp said:
In a way this is a good thing for us because he's in so deep he has to keep funding going until the club is in a stable position (PL, stadium finished) to sell and at least recover some of his investment.

A lot of the "Everton could go bust" stuff in the media is based around the fact Moshiri has no formal commitment to keep funding us if we go down, and that's the reason it has to be warned about in the accounts. But in practise he can't afford to walk away.
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Moshiri could quite easily invest the same amount again.

In theory, he could inject enough capital so we had a couple of hundred million on the balance sheet + the stadium was fully paid off.

Theres no personal benefit for him to do so of course...but if he did do that I wonder how there could be any FFP sanctions. They were meant to ensure clubs wouldnt be in financial trouble which clearly wouldnt be the case.

Thats what makes the entire FFP system a joke.

The chink in the armour of course is that it appears as though he hasnt signed any legally binding agreement to cover / write off any losses going forward. There seems to only be a loose 'commitment' around the next 12months.

What are the losses that would be attributed to FFP -- circa £35mil ?
 
davek said:
The PL and their commission have a choice to make: punish Everton and destroy a club or (in the event we stay up this season) keep Everton on a short leash and allow the stadium to be complete.

Imagine being the PL and this 'independent' commission delivering a judgement that sinks one of the biggest names in English football. I cant imagine that was part of the plan when they insisted on FFP.
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Well the EFL actually wanted to relegate Sheffield Wednesday during Covid ie during 2019-20 semi lockdown irrespective of the economic impact so make of that what you well.

They were pushing hard by their own admission for relegation in summer 2020 as a 12 point deduction applied to 2019-20 but the Panel instead applied it to 2020-21

The season had just finished in July 2020, SWFC 8 pts above the drop and the League wanted a 12 point deduction with immediate effect ie applied to 2019-20.

Would Sheffield Wednesday have gone into administration had the EFL got their way I wonder. They were majorly loss making at the time and a 2020-21 season without fans...
 
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