Initial 10, then reduced to 6 + 2 Point Deductions

[mahermi1]

Newcastle have sold St James’s Park to themselves turning a big financial loss into a very big £133 mill profit. PSR has a punishment ended when we and Forest were made an example of.

How on Earth is that allowed, it's an absolute joke, sports washing, but then you look at Chelsea.. We tried and did to build a new stadium, we were told by the corruption riddled Richard Masters that we should have foreseen the Russian invasion of Ukraine and countered that in, you know the increased price of steel, the loss of sponsor revenue because of it. Can you see a slight difference in the way different clubs are treated ? Yes as others will point out the club, well our Owners/ Chaiman/ board at the time lied about our finances, but what happened to "you can't punish the fans !" Yes Gary Neville that vanished when it was our fans and not yours. Man City have appealed over the last 8 /9 years and still haven't been punished, Chelsea have sold Hotels to themselves, their Women's team to themselves, their Mothers are next. Chelsea also put players on 7/8/9 year deals to spread out psr problems, before it was stopped for being unlawful. Just lately they have been found out to be fiddling the books..like us, but Masters and Co thought it was okay to give them a pitiful fine after Masters himself told us and the rest of the footballing World fines meant nothing to super rich owners, can you see a slight difference again ? We were told it had to be a sporting sanction, points deduction because according to them we gained a sporting advantage, at the time it was hard to see where. But the wheel just continues the same people are in charge and the same teams are punished the same teams get off, nothing changes.

 

[Bedfordblue]

To be fair we probably have been at it as well in terms of the sale of Goodison and women’s team mate, I’d expect that to turn up in our accounts.

What really annoys me about this is that Villa, Newcastle and Chelsea have used these loopholes to gain a sporting advantage, Newcastle are reporting a £133 profit without the sake us a significant loss, asset sales and players swaps have enabled Chelsea, Newcastle and Villa to have an artificial sporting advantage loopholes circumventing the rules.

UEFA don’t allow these loopholes and it notable Chelsea and Villa have been sanctioned under FFP. Newcastle will be if they get Europe.

These loopholes holes holes are closed under SCR next season - but more will be found - the clubs are clever then the PL - except us under Moshiri.

In that particular instance, at least we’ve not sold the ground we still actually play in, it’s at least gone a separate entity (woman’s team)

It’s the general shenanigans that’s permitted vs our punishment despite all the mitigation that frustrates me.

 

[Bedfordblue]

As much as our punishment was grossly unfair you look at the various PSR workarounds that clubs like Newcastle, Villa, Chelsea and even subsequently us have found relatively easily and you have to question how hard our finance / legal people even tried to avoid breaching, or did they just lack the wherewithal?

We were scapegoats, that’s obvious, but we blundered straight into it. If we’d been a bit more clever there were moves that could’ve been made, but I don’t think we took it seriously enough until it was too late.

We were told we were working hand in glove with the EPL for several windows to show willing to comply, I’m not surprised they were all a bit taken aback / hadn’t tried loopholes if we though we were working through the chaff with them.
They even tried saying we’d been evasive iirc, which when over turned assisted in the points reduction on appeal.
Naive maybe, to trust the EPL who clearly had an ulterior motive throughout that period, but I doubt Mosh didn’t have the wherewithal to fiddle the books if he’d wanted too.
Probably left it to Bill to sort out with his ‘mates’ in the EPL.

 

[bluenorthwarrior]

We were told we were working hand in glove with the EPL for several windows to show willing to comply, I’m not surprised they were all a bit taken aback / hadn’t tried loopholes if we though we were working through the chaff with them.
They even tried saying we’d been evasive iirc, which when over turned assisted in the points reduction on appeal.
Naive maybe, to trust the EPL who clearly had an ulterior motive throughout that period, but I doubt Mosh didn’t have the wherewithal to fiddle the books if he’d wanted too.
Probably left it to Bill to sort out with his ‘mates’ in the EPL.

I think it was exactly this, three things happened in a short space of time to screw us over. We know we were working hand in glove with the PL, and we also know the Ukraine invasion hit us when we were right on the line regarding compliance, and then thirdly the issue of regulation and governance became newsworthy.

The PL desperately needed to show they were able to punish clubs (but not the superleague ones that had caused the uproar leading to need for regulation obviously), they had detailed information of all our finances due to our working with them, and the opportunity for us to fail the test was presented by the Ukraine war factors.

Bad luck, bad timing, bad faith (from PL), and yes bad management from our then owners.

 

[Norlye]

Newcastle have sold St James’s Park to themselves turning a big financial loss into a very big £133 mill profit. PSR has a punishment ended when we and Forest were made an example of.

Im guessing Chelsea become the first team to sell players to themselves.

It's so obvious.

 

[blue to the bone]

 

[dublinbluenose]

 

[Jacko93]

How on Earth is that allowed, it's an absolute joke, sports washing, but then you look at Chelsea.. We tried and did to build a new stadium, we were told by the corruption riddled Richard Masters that we should have foreseen the Russian invasion of Ukraine and countered that in, you know the increased price of steel, the loss of sponsor revenue because of it. Can you see a slight difference in the way different clubs are treated ? Yes as others will point out the club, well our Owners/ Chaiman/ board at the time lied about our finances, but what happened to "you can't punish the fans !" Yes Gary Neville that vanished when it was our fans and not yours. Man City have appealed over the last 8 /9 years and still haven't been punished, Chelsea have sold Hotels to themselves, their Women's team to themselves, their Mothers are next. Chelsea also put players on 7/8/9 year deals to spread out psr problems, before it was stopped for being unlawful. Just lately they have been found out to be fiddling the books..like us, but Masters and Co thought it was okay to give them a pitiful fine after Masters himself told us and the rest of the footballing World fines meant nothing to super rich owners, can you see a slight difference again ? We were told it had to be a sporting sanction, points deduction because according to them we gained a sporting advantage, at the time it was hard to see where. But the wheel just continues the same people are in charge and the same teams are punished the same teams get off, nothing changes.

The only reason that Chelsea have been found to have been doing what they have was due to the invasion of Ukraine, and their subsequent forced sale.

 

[preposterousvelios]

Record turnover. Have to be fair to TFG, this is what we were told they would do when they got in and they've done it.

Does anyone know what this means for our spending power in summer ?

 

[Jacko93]

Record turnover. Have to be fair to TFG, this is what we were told they would do when they got in and they've done it.

Does anyone know what this means for our spending power in summer ?

I would assume that will be led largely by what they expect the accounts to look like thai time next year. They'll have an idea of expected turnover now, which after this season should surely see us net positive prior to sales/purchases of players.

If we get Europe, that changes again.

If we get CL, then it'll be a stratospheric change. Though they might still be prudent.

 

[davek]

Record turnover. Have to be fair to TFG, this is what we were told they would do when they got in and they've done it.

Does anyone know what this means for our spending power in summer ?

What have they done other than sweat a pre-existing new stadium built by a previous ownership regime?

The hard yards were done; all they had to do was be hard faced about exploiting Everton fans and selling a state of the art globally rated stadium facility to corporates: that's like selling hot soup to starivng navvies.

 

[ToffeeTim]

Record turnover. Have to be fair to TFG, this is what we were told they would do when they got in and they've done it.

Does anyone know what this means for our spending power in summer ?

Very hard to tell based on those accounts. They only cover up to the end of last season so no increased revenue from the stadium move. Only thing we can go off is they expect an increase to revenue of about 25% for the period up to the end of this season. So you would expect there will be money to spend but hard to say how much.

 

[preposterousvelios]

What have they done other than sweat a pre-existing new stadium built by a previous ownership regime?

The hard yards were done; all they had to do was be hard faced about exploiting Everton fans and selling a state of the art globally rated stadium facility to corporates: that's like selling hot soup to starivng navvies.

Easy to say that, do we get the same commercial deals in the same context under Bill or Moshiri? I don't think we do myself. Bill was tinpot and Moshiri had nothing to offer once Usmanov was taken out the equation. Which isn't to say we wouldn't have seen a handful of new sponsorships due to the shiny new stadium, but I don't think they would be the blue chip companies that we've ended up with.

To be clear I'm not looking to give unnecessary credit to TFG, they haven't totally transformed us yet, but I do see a steady hand and competence where before there was none.

 

[mahermi1]

What have they done other than sweat a pre-existing new stadium built by a previous ownership regime?

The hard yards were done; all they had to do was be hard faced about exploiting Everton fans and selling a state of the art globally rated stadium facility to corporates: that's like selling hot soup to starivng navvies.

Dave look at the new Commercial deals, big names, all's Moshiri had with Commercial deals was USM and when that was taken away, that's when we landed in trouble amongst other things, lying about financial affairs. We have Pepsi, Budweiser even Heinz, in the past Everton couldn't have dreamt about these. And that's the only way out now to get past psr. More money better players then European football hopefully.

 

[canuckblue]

What have they done other than sweat a pre-existing new stadium built by a previous ownership regime?

The hard yards were done; all they had to do was be hard faced about exploiting Everton fans and selling a state of the art globally rated stadium facility to corporates: that's like selling hot soup to starivng navvies.

Maybe you'd feel better about them if they beheaded a journalist or two.