MagMal Posted April 15 Share Posted April 15 1 hour ago, Shak said: Not really getting excited as such, but if they did go pop it will hopefully be the catalyst for change in football, no one wants to see anyone loose their job etc. What would be good to see is the Everton media love in take a hit, for a crap team they get far more bias than the majority of the league and outside the cartel clubs they probably get the most. No-one shed a tear when some lower league clubs went bust, perhaps it needs a "big" club to go that way for the long term good of football. Link to post Share on other sites More sharing options...
Jonas Posted April 15 Share Posted April 15 (edited) 1 hour ago, Shak said: And not a single one, as per the point, mentions them going out of business. Only into administration like has happened to countless other teams who there was no mourning for and probably just further hardship that most of us have experienced and they haven't. Edited April 15 by Jonas Link to post Share on other sites More sharing options...
JLC Posted April 15 Share Posted April 15 2 hours ago, 54 said: I hate Everton as much as the next guy, but a founding member of the EFL, and one of the oldest clubs in the UK going into administration, and potentially going out of business isn't a something to be happy or excited about. It is a damning indictment of everything that is wrong with football and the way it is currently set up. Totally. My least favourite team in the Premier, but administration means job losses on thr innocent, major casfhlow issues for local businesses etc. Not funny Link to post Share on other sites More sharing options...
Dokko Posted April 15 Share Posted April 15 It's one event out of their control which started the tumble, wasn't it? Well maybe 2. Covid and Ukraine. Putin doesn't invade Ukraine, Russian assets aren't seized, and we probably don't have this mess. Link to post Share on other sites More sharing options...
Hudson Posted April 15 Share Posted April 15 1 hour ago, Ben said: What a mess that club is, they owe money all over the shop, they cant even sell the new stadium and rent it back cos they dont own it, whats happening with Goodison park ? Plans with the council for houses, shops and commercial space. Generic shite. Link to post Share on other sites More sharing options...
The Prophet Posted April 15 Share Posted April 15 Link to post Share on other sites More sharing options...
Hudson Posted April 15 Share Posted April 15 2 minutes ago, The Prophet said: No worries there as it’s massively under value at 76.5. Stinks though, badly. Link to post Share on other sites More sharing options...
cubaricho Posted April 15 Share Posted April 15 2 minutes ago, Hudson said: No worries there as it’s massively under value at 76.5. Stinks though, badly. Hopefully the new SJP has a hotel attached to it. Link to post Share on other sites More sharing options...
ikri Posted April 15 Share Posted April 15 12 minutes ago, Dokko said: It's one event out of their control which started the tumble, wasn't it? Well maybe 2. Covid and Ukraine. Putin doesn't invade Ukraine, Russian assets aren't seized, and we probably don't have this mess. The ownership of Everton should have been properly scrutinized a long time ago. Farhad Moshiri owns the club but it was mostly funded by Alisher Usmanov - a man who was barred from entry to the UK even before Russia invaded Ukraine. It should have all sparked an investigation into every club throughout the country to check for any more owners-on-paper-only. I always thought it was a shame that there wasn't a more in depth analysis of dodgy ownership back when Portsmouth were shuffling between different owners, including at least one occasion where they were seemingly sold to holding company owned by the club's owner. Link to post Share on other sites More sharing options...
midds Posted April 15 Share Posted April 15 So you can transfer a £76m building/asset from one part of the company but you can't transfer £76m cash from one part of the company to another? Complete layman here but that doesn't seem to make any sense at all Link to post Share on other sites More sharing options...
ikri Posted April 15 Share Posted April 15 7 minutes ago, The Prophet said: The big loophole here is that infrastructure costs aren't included in FFP analysis but income from selling that infrastructure is included. In theory, our owners could give the club the money to buy Newcastle Race Course, which wouldn't impact our FFP figures, and then a month later the club could realise that they had no reason to own a race course and sell it to PIF for £500m and solve our FFP issues for a decade. No one really noticed the blatant flaw in the rules until Chelsea tried this with the hotel. Link to post Share on other sites More sharing options...
Pokerprince2004 Posted April 15 Share Posted April 15 10 minutes ago, The Prophet said: Thought this was all waved through by PL in 2023? Probably realised they've dropped yet another clanger, whole thing is transparent as fuck Link to post Share on other sites More sharing options...
duo Posted April 15 Share Posted April 15 20 minutes ago, The Prophet said: Link to post Share on other sites More sharing options...
Wolfcastle Posted April 15 Share Posted April 15 24 minutes ago, Hudson said: Plans with the council for houses, shops and commercial space. Generic shite. Hate that but its always the case with the exception of Highbury, all those old grounds, all that history replaced by the least creative stuff imaginable. Link to post Share on other sites More sharing options...
Slim Posted April 15 Share Posted April 15 (edited) Credit to Chelsea they have found some good loop holes for FFP recently. Edited April 15 by Slim Link to post Share on other sites More sharing options...
kingxlnc Posted April 15 Share Posted April 15 6 minutes ago, Slim said: Credit to Chelsea they have found some good loop holes for FFP recently. Necessity is the mother of invention and all that Link to post Share on other sites More sharing options...
Joe1984 Posted April 15 Share Posted April 15 34 minutes ago, cubaricho said: Hopefully the new SJP has a hotel attached to it. Pif can just transfer some assets to NUFC ownership, then sell them to themselves fir a few hundred million... Sorted! ? Link to post Share on other sites More sharing options...
Boey_Jarton Posted April 15 Share Posted April 15 24 minutes ago, Slim said: Credit to Chelsea they have found some good loop holes for FFP recently. Not sure if this is sincere or not but I genuinely given them credit. The premier league has turned a football competition into a game of accounting. If they want it to be a game of accounting then this is the inevitable outcome. The premier league invented the game, Chelsea are just playing it. Link to post Share on other sites More sharing options...
Mag3.14 Posted April 15 Share Posted April 15 (edited) 1 hour ago, ikri said: The big loophole here is that infrastructure costs aren't included in FFP analysis but income from selling that infrastructure is included. In theory, our owners could give the club the money to buy Newcastle Race Course, which wouldn't impact our FFP figures, and then a month later the club could realise that they had no reason to own a race course and sell it to PIF for £500m and solve our FFP issues for a decade. No one really noticed the blatant flaw in the rules until Chelsea tried this with the hotel. Yeah any kind of infrastructure, something like a stack fanzone perhaps Edited April 15 by Mag3.14 Link to post Share on other sites More sharing options...
Guest Posted April 15 Share Posted April 15 Chelsea at it again - having given players ridiculously long contracts which led to a rule change to prevent clubs doing it they have now extended those contracts for Mudryk and Fernandez. Clearly should be blocked but obviously won’t be. Link to post Share on other sites More sharing options...
Ben Posted April 16 Share Posted April 16 So what happened with Evertons 777 deadline last night ? Did they get an extension? Link to post Share on other sites More sharing options...
Stifler Posted April 16 Share Posted April 16 2 minutes ago, Ben said: So what happened with Evertons 777 deadline last night ? Did they get an extension? Yeah they did. Link to post Share on other sites More sharing options...
Nucasol Posted April 16 Share Posted April 16 1 hour ago, Ben said: So what happened with Evertons 777 deadline last night ? Did they get an extension? https://www.liverpoolecho.co.uk/sport/football/football-news/everton-takeover-moves-step-closer-29003060.amp American investment firm 777 Partners have moved a step closer to completing a takeover of Everton after an extension was granted to pay a loan back to a major club creditor. A deadline of midnight tonight EST (5am UK time) had been looming, with the repayment of a £158m loan to MSP Sports Capital one of the four conditions set out by the Premier League as part of its conditional approval for the Miami-based firm to complete its acquisition of the club. Sources have informed the ECHO that an agreement in principle has been reached between 777 Partners and MSP to allow 777 to settle the loan which Farhad Moshiri had taken out with New York-based MSP to help fund construction of the new stadium at Bramley Moore Dock. While the exact details of the agreement are not known, the extension is understood to be ‘weeks not months’, with 777 confident of meeting the requirements set out by the Premier League as part of its owners and directors test. Last month the Premier League informed 777 Partners that they would only be granted approval to acquire Moshiri’s 94.1% shareholding and take control of Everton, a deal agreed some seven months ago, if they could meet four criteria. They are: that 777 loans to the club have to be converted into equity; funds are required in an escrow account to meet financial obligations for the remainder of the season; proof of funding for the new stadium completion; and a £158m loan to be repaid to MSP. Link to post Share on other sites More sharing options...
Terraloon Posted April 16 Share Posted April 16 8 hours ago, Toontimes said: Chelsea at it again - having given players ridiculously long contracts which led to a rule change to prevent clubs doing it they have now extended those contracts for Mudryk and Fernandez. Clearly should be blocked but obviously won’t be. It’s quite interesting when I read comments like this simply because Chelsea certainly weren’t the first to offer contracts over five years nor will I suspect will the restrictions imposed for FFP/PSR stop clubs protecting what are very expensive assets by signing them on long term contracts. There is ,despite the rule change, absolutely no restrictions as to the length of a contract the change purely limits the time over which amortisation in accounts can take place it would be a minefield if UEFA or the PL tried to restrict contract lengths if such contracts are allowed in the UK which they are just as they are in many jurisdictions When I first started to watch football it was very very rare that a player signed a contract over 3 years now a player under say 25 signed for a decent fee is given a five year deal as a minimum now quite a few clubs regularly offer contracts that are longer than 5 years. Look at the big Spanish clubs for instance and in particular Real Madrid or 6 year deals at Newcastle . There is absolutely nothing wrong with offering deals of 3-5-6- 7 years or whatever there is absolutely no obligation for a player to sign them but the haste with which UEFA and the PL restricted the period over which a fee can be amortised won’t just impact Chelsea it has wider repercussions in the PL because many many clubs extend players contracts over five years and with that they historically have been after a couple of years reduce their own amortisation charge that can not happen and I wonder how it impacts when it comes to to amortisation of agents fees when it comes to contract extensions The irony is restricted time lines for amortisation will potentially work against clubs that aspire to break into the top 6 or perhaps just push on because whilst they might want to sign say a £40 million player clubs may well find the £8 million annual charge too much Link to post Share on other sites More sharing options...
The Prophet Posted April 16 Share Posted April 16 (edited) Absolutely mental if those chancers are allowed anywhere near a Premier League football club. Edited April 16 by The Prophet Link to post Share on other sites More sharing options...
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