...that, what?
Times article, Burnley/Leeds threaten to sue Everton
- Thread starter neil999
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Enjoy going to Wigan next season mate .
OneTrueLegend
Player Valuation: £35m
Everton 'confident' they have complied by FFP rules after Burnley and Leeds threaten legal action
Premier League rules allow clubs to lose a maximum of £105m over three years; clubs have been allowed to write off losses caused by the pandemic; in their latest accounts Everton said £170m of their losses were caused by the pandemic
It’s on skys website now, this is nuts, we went through all this in the middle of the season. Leeds and Burnley can’t honestly believe that after walking away from us in the middle of the season and saying they are happy we have complied, that the premier league would come back at the end of the season and say “actually, No, you didn’t comply, we are going to deduct points from you”.
We would surely go back to the court of arbitration for sport and get the decision overturned if they did?
It’s just a shame that only one of the mutant clubs can be relegated. I’d like to see them both down. Be glad to see the back of them both along with their six-toed, inbred fans.
I’d be arsed if we had, but we haven’t.
Our owner isn’t clever enough to do any creative accounts like that crook Bates.
And plus, we’ve been working with the FA for months on this
Its a Friday night, I know nothing more about our accounts than what is on companies House, and I dont want to bore anyone, but our accounts will have been signed off by an auditor.
To penalise a club at some point requires that there would be an ongoing investigation and an outcome. Wigan were dismayed that the decision went against them so late in the day but they knew some sort of decision was coming. In our case, if some investigation were taking place it is only natural justice that we would have to know what our fate might be. If, for example, we might attract a 10 point penalty - and knew this was a realistic possibility - we would fight tooth and nail to get to, say, 49 points. As things stand to invent a punishment a posteriori would be completely subject to legal challenge by Everton.
Objection, hearsay
Both clubs can koff for me. One of them is going down because they're not good enough, not because of our finances.
The ironic thing in all of this that the more we spend the worse we get. They should be disappointed we didn't spend more last summer and guarantee we went down
And there is nothing wrong with our accounts, they are perfectly fine, the issue isnt with the accounts we submitted.
They show all our loses, the issue will be with the 180m we have written off with respect to covid, which isnt shown in the accounts.
Apart from :
Please note, the table above does not include uncrystallised COVID-19 pandemic related losses arising from the significant deterioration in the player trading market. The ability of the Club to generate material profits on player trading, which also yields significant wage and amortisation savings due to the players no longer being contracted to the Club, has unquestionably resulted in a material and negative impact on the Club across the last two reporting periods.
The Club is continuing to assess the uncrystallised financial impact caused by the COVID-19 pandemic and the Board of Directors strongly believe that a further substantial financial loss, not reflected in the £82.1m cumulative crystallised figure referred to opposite, has been incurred by the Club
Page 9 if you care.
It's you who have been found out as it seems atm. We're staying up, how about you? Certainly hope you won't.
I must admit, it does have an “Everton that” feel about it.
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