Topic: The People's Club (I was saying Boo-urns)

[FiSh77]

Bit harsh on Simon Weston that. I'd have said Mickey Rourke. Big in the 80s but now you can barely recognise him.

Yeah but Simon Weston was fucked over by a war, maybe a tenuous link though considering it only happened to him once...

[WhereAngelsPlay]

And the PL signed this off:

 

[Red Beret]

The difficulty for the PL is that they passed those accounts by accepting the most ludicrous of excuses. Nobody else bought the idea that Everton incurred the greatest Covid losses (by a country mile) and it's hard to see where they go from there re. excuses for financial mismanagement.

I don't think it's difficult for them at all. If promises were made by Moshiri and were not kept, the PL are well within their rights to re-evaluate their finances. But if they got a grace period then the expected punishment should be all the harsher if they've blown it.

I just hope the punishment is applied this season.

[Red Beret]

Yeah but Simon Weston was fucked over by a war, maybe a tenuous link though considering it only happened to him once...

Yeah, but Simon Weston only became famous (in a fashion) AFTER what had happened to him. And he didn't choose to end up like that.

Whereas Mickey Rourke (and Everton) were famous, and went down a path that has left them almost unrecognisable from their peak.  Everton chose this.

[So… Howard Philips]

The Esk has spoken! Some of them ain’t going to like his realistic take on things though.

https://toffeeweb.com/season/22-23/comment/editorial/43340.html

[Kopenhagen]

And the PL signed this off:

Absolute joke.

Long time coming for these clowns.

[disgraced cake]

I think we will be found guilty of breaching the £105m limit. I suspect it will be a sporting sanction, transfer embargo and point deduction in 23/24 season. It's not going to be resolved this season (The Esk)

Oh please mate, wouldn't that be something

[Kopenhagen]

That last post. Do they seriously believe FSG are a diplomatic arm of the United States? Yes lad, LeBron is doing Biden's dirty work exerting 'soft power' in the UK.

Someone hasn't come out of their basement in a while. Qanon has nothing on this lot.

[Solomon Grundy]

The Esk has spoken! Some of them ain’t going to like his realistic take on things though.

https://toffeeweb.com/season/22-23/comment/editorial/43340.html

 This comment:

Mal van Schaick
10 Posted 25/03/2023 at 17:01:10Looks like a stitch up to me. The Premier League has lead us down the garden path, by apparently signing off our dealings and then back tracked on the accounts and left is in limbo.
Everton should rebuff the allegations and wheel out accountants and prove that they were signed off and approved. The Everton should make counter allegations about the Premier League and it’s own failings in this matter.

[farawayred]

And the PL signed this off:

Jeez, didn't know Covid had such a selective targeting capabilities withing parts of a city, never mind a counrty...

[Red Beret]

This comment: 

"It's the PL's fault because they didn't sanction us last year!"

By all means, wheel out the accountants you no longer have to tell everyone that everything was above board. You colossal numpty.

[spen71]

This might be a Bury.    Rename themselves Bitter FC

[12C]

What planet do these idiots live on at all?

Cosmic sausages. Those 5G masts are homing beacons for aliens

[classycarra]

They let them write off 170 million pounds worth of losses as Covid related when Goodison makes about 20 million a season with matchday revenue.

They literally let them cook their books and circumvent their own rules without any punishment which has allowed them to stay in the PL at the expense of others. And they'll stay up again.

Seems an oddly timed message to be stating that the PL colluded with Everton and didn't punish them..

Do you think it might be best to chill out for a little and wait and see, before trying to second guess the outcome and saying the PL have been helping them

[gazzam1963]

Also the 30 million they got as a sweetener for USM to be able just to have first dibs on naming rights , how that was allowed to be legitimate I don’t know , was as bad as city asking for more sponsorship payments for the previous season through etihad

[TepidT2O]

The Esk has spoken! Some of them ain’t going to like his realistic take on things though.

https://toffeeweb.com/season/22-23/comment/editorial/43340.html

Worrying times when the Esk says this…..

I think we will be found guilty of breaching the £105M limit. I suspect it will be a sporting sanction, transfer embargo and point deduction in 2023-24 season. It's not going to be resolved this season.

[Flaccido Dongingo]

This might be a Bury.    Rename themselves Bitter FC

Boo-ry.

[LuverlyRita]

I wasn't trying to say Kenwright was blameless. But I think it's a mistake to say he was malicious or selfish in his actions either. His actions need context.

The fact that he surrounds himself with so many "yes men" is enough of a red flag for me. Any competent CEO would have sorted out the books by now or run a mile (as Trevor Birch did). DBB is way out of her depth but wll do and say whatever suits Bill. She is way out of her depth and should never have been given the job.
When it came to appointing a "football person" to the Board, the blindingly obvious candidate was Neville Southall. He's an Everton legend but is also hugely respected on our side of Stanley Park and throughout the game. Most important of all, he calls it as he sees it. He was the perfect person to go in and stir up the failing status quo. Who did Kenwright appoint? Graeme "Null-and-Void" Sharp - the man who sent out the message during lockdown that club formally dared not and who never says boo to a goose.

[TepidT2O]

Uh oh… even more worrying times … the stadium is in real doubt now

I’m growing to like this Esk character

Re search for investment, I understand no-one is even close to valuing the equity at a similar level to Moshiri's valuation. Some interest from investors in providing junior debt. However the cost of that funding is extremely high, coupons in the low to mid teen range. Not great

With financing costs so high it reduces the financial benefit of the new stadium. If Moshiri issues more equity it costs him, if the club takes on the debt it costs the club. Down to Moshiri

What interest are Everton being quoted?

Rate of interest on the debt, 13/14% for example

[Fromola]

Seems an oddly timed message to be stating that the PL colluded with Everton and didn't punish them..

Do you think it might be best to chill out for a little and wait and see, before trying to second guess the outcome and saying the PL have been helping them

They let them write off 170 million pound as Covid losses on accounts they signed off on. They've been taking the piss for years and the PL at best have looked the other way and they'll still be in the PL next season as a direct result.

The league have been forced into finally doing something, so we'll see what comes of it, but they were happy for Everton to be used as a money laundering operation for Usmanov until the war broke out.

[classycarra]

They let them write off 170 million pound as Covid losses on accounts they signed off on. They've been taking the piss for years and the PL at best have looked the other way and they'll still be in the PL next season as a direct result.

The league have been forced into finally doing something, so we'll see what comes of it, but they were happy for Everton to be used as a money laundering operation for Usmanov until the war broke off.

As I said, looks like youve picked the wrong week to say the league colluded with Everton - there's a news story developing that was announced in the past 24 hours that suggests your idea the league let them get away with COVID losses might be a premature shout

I'm intrigued how you think the league was forced into doing something. is that an overly dramatic way of the saying that the league has written rules that everton are alleged to have broken, and so the league has responded with opening an investigation?

[WhereAngelsPlay]

This time next year they'll all be Wrexham fans.

[Statto Red]

This time next year they'll all be Wrexham fans.

Can't see that, Wrexham play in red.

[RedSince86]

The Esk is a cult hero on Rawk.

Remember the excitement on Fridays here and GoT to see his Friday morning exclusive own transfer rumours that never happened that ended with the immortal 3 words of "Usual Caveats Apply".

#Legend

[G Richards]

I think two things in the wider context will hurt Everton. The Prem wants to stave off an independent regulator, so it will want to be tougher on this sort of thing to demonstrate it can handle its own affairs. I also think a big name precedent, should they punish Everton, will help the Prem to follow through on sanctioning Man City.

The Esk seems sensible. I don’t think a points deduction is in order this season. That is fundamentally changing the competitive landscape three quarters of the way through. Let this season play out. Hit Everton with a 10pt deduction for the start of next season, whatever league they are in, and add a transfer ban.

That would all seem sensible enough. If the stadium project falls apart because Everton can’t get the money, that is not the Prem’s fault. The Prem should enact punishment, and if there are subsequent knock on effects, so be it.

And then on to Man City, with the precedent of Everton in play for the Premier League. Only this time, City’s 100+ charges are seen as much more of a transgression, over multiple years too. The same points deduction and transfer ban that Everton got won’t nearly suffice. What further censure is required? Relegation? Stripping away titles?

If the Prem can’t run a tight ship, the appointment of an independent regulator is urgent. The Prem will want to show that they can.

[SamLad]

I don’t think a points deduction is in order this season. That is fundamentally changing the competitive landscape three quarters of the way through. Let this season play out. Hit Everton with a 10pt deduction for the start of next season, whatever league they are in, and add a transfer ban.

I don't follow that logic at all. 

if they have cooked the books and broken the rules, they did it to give themselves and advantage now .... that is, they decided to change the competitive landscape before the season even started .... so why TF should they (eg) escape relegation after cheating and be given a chance next season to hang on by their fingernails yet again?

I really can't see other teams in the relegation zone going along with that for 2 seasons in a row.

[12C]

The Esk is a cult hero on Rawk.

Remember the excitement on Fridays here and GoT to see his Friday morning exclusive own transfer rumours that never happened that ended with the immortal 3 words of "Usual Caveats Apply".

#Legend

Those caveats

[Fromola]

Imagine where Everton would be without FFP forcing them to at least try and get their accounts in order and control their spending. They'd be bust already like what happened with Portsmouth.

[PaulF]

I've skipped lots of pages. Hopefully someone has suggested their keeper can help them evade the long am of law.

[A Red Abroad]

I've skipped lots of pages. Hopefully someone has suggested their keeper can help them evade the long am of law.

No... I think you were first mate. 

[Mister Flip Flop]

Points deduction this season or next it makes no difference that's them down either way. They've been getting away with murder running the club like gangsters for years now and in the long term dropping down a division or two will do them good.

[farawayred]

No... I think you were first mate. 

Nah, that statement makes him the Captain. 

[4pool]

Everton FC

[afc tukrish]

Those caveats

Only the usual ones...

[Black Bull Nova]

I don't follow that logic at all. 

if they have cooked the books and broken the rules, they did it to give themselves and advantage now .... that is, they decided to change the competitive landscape before the season even started .... so why TF should they (eg) escape relegation after cheating and be given a chance next season to hang on by their fingernails yet again?

I really can't see other teams in the relegation zone going along with that for 2 seasons in a row.

Exactly, Imagine you are Leeds and your relegation rivals have been let off the hook twice while you dangle around the drop

[Black Bull Nova]

I would think this is what Moshiri's yacht will look like in Bramley Dock in a few years time

[Red Beret]

If there's any real justice, they would be automatically relegated now, this season, and be made to start next season with a points deduction.

[Fromola]

This will be Everton's defence. The PL had backed them all their way with their bullshit. The PL are complicit in this with Everton and have utterly fucked it. I hope the relegated clubs go to war over it this year.

[LovelyCushionedHeader]

This will be Everton's defence. The PL had backed them all their way with their bullshit. The PL are complicit in this with Everton and have utterly fucked it. I hope the relegated clubs go to war over it this year.

The Premier League will have a very different interpretation of these meetings I'm sure. They're not going to have charged them if there is anything on record where they unequivocally tell them that they're fine.

[Fromola]

The Premier League will have a very different interpretation of these meetings I'm sure. They're not going to have charged them if there is anything on record where they unequivocally tell them that they're fine.

Mad how they were allowed to spend 80 mill last summer and have a couple of big wage signings on free transfers. They managed to get Richarlison sale onto the previous years accounts by forcing the sale through in the day before the operating period ended. They've been taking the piss for years and were allowed to fob the league off with 170 million pound of Covid losses, at the time, despite the complaints of Burnley and Leeds who found that unfathomable.

I just find it crazy how they've been allowed to get to this point and will still be in the PL next season due to the failure of the PL to act.