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Lichfield Dean

VT Supporter
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Posts posted by Lichfield Dean

  1. 39 minutes ago, OutByEaster? said:

    Oddly, at on time BSkyB owned 11.2% of Manchester United, 9.9% of Manchester City, 8.8% of Leeds United, 4.8% of Sunderland and a chunk of Chelsea - all at the same time - I'm guessing that made the tendering process for TV deals interesting. Also at that time, ITV, through Granada, owned 5% of Arsenal and 9.9% of Liverpool. The 90's were weird.

     

    I genuinely did not know that!

    • Like 1
  2. 17 minutes ago, limpid said:

    Just Google and Meta for me. I may drop Meta when we get unified messaging standards later this year.

    Never ever joined Facebook. I could see what they were right from the start. Got annoyed when insta and WhatsApp happened - and as much I try to use Signal I can't get some family members to switch annoyingly.

  3. 2 hours ago, T-Dog said:

    I just meant the tax exile side, apologies if was communicated well. **** Everton anyway, they're literally the shadow of us when we went down and they've been lucky to survive

    Oh right ok. I figured that tax exile status was integral to the dodginess of the payments, but maybe it's not really.

    Anyway, I wonder if there's much more stuff they've "creatively accounted" away.

  4. 5 minutes ago, T-Dog said:

    Man, football is complicated enough, let's not bring politics into it too! 

    Politics? I don't see any politics in that story. I see a club trying to obfuscate significant payments such that they didn't feel they needed to report them in a season when they were already breaching the rules.

  5. Ummm....

    Everton paid £30m in interest to lender with links to tax exile, documents suggest

    https://www.theguardian.com/football/2024/apr/12/everton-paid-30m-interest-lender-rights-media-funding-links-with-tax-exile-documents-suggest

    Quote

    Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest.

     

    The charges appear to have reached about £438,000 a week, according to the troubled Premier League club’s most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford.

     

    However, most of that cash outflow has now been excluded from Everton’s most recent profit and loss account after a controversial change in accounting policy by the club that has allowed it to report lower losses – and which may give rise to a further points deduction by the Premier League.

     

    The change in how the club accounts for debt interest comes amid intense scrutiny of its finances by the Premier League. On Monday, Everton was deducted points for the second time in the season for breaches of profitability and sustainability (PSR) rules.

     

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