OutByEaster? Posted October 22, 2022 Moderator Share Posted October 22, 2022 19 hours ago, allani said: But what the salary list shows me more than anything is just how corrupt FFP really is - when "financial fair play" allows the top 4 to spend more than double the wages of well-established PL clubs and multiple times that of some clubs in the league. I understand the need to ensure that clubs don't go bankrupt if they get relegated but at the same time it is killing the ability for clubs to compete on anything like an even playing field. It's worse than that - it completely ignores debt, so a club like Man Utd can be a billion pounds in debt while paying three times the amount a team in the same division with no debt can be paying. It's not about protecting teams from bankruptcy, certainly at this level at least. 1 Link to comment Share on other sites More sharing options...
omariqy Posted January 31, 2023 Share Posted January 31, 2023 What's our 3 year running loss total? Link to comment Share on other sites More sharing options...
Popular Post grobs Posted January 31, 2023 Popular Post Share Posted January 31, 2023 Just now, omariqy said: What's our 3 year running loss total? Not sure it matters when we have owners with limited ambition 4 3 Link to comment Share on other sites More sharing options...
ender4 Posted January 31, 2023 Share Posted January 31, 2023 3 minutes ago, omariqy said: What's our 3 year running loss total? About £200m loss. Link to comment Share on other sites More sharing options...
Czarnikjak Posted January 31, 2023 Share Posted January 31, 2023 1 minute ago, ender4 said: About £200m loss. New set of accounts should be published within next month or two, that should give us more up to date view of where we are. Last year's amortisation figures were surprisingly low, will see what Purslow has conjured this time around. 1 Link to comment Share on other sites More sharing options...
est1874 Posted January 31, 2023 Share Posted January 31, 2023 (edited) Premier League and Football League need to stop pretending they give a **** about operational losses and "fairness". Just look at how Chelsea are cooking their books, it's disgusting. Game is deeply corrupt. Edited January 31, 2023 by est1874 Link to comment Share on other sites More sharing options...
CVByrne Posted January 31, 2023 Share Posted January 31, 2023 4 minutes ago, ender4 said: About £200m loss. As of end of the season in 21 and includes Covid losses. So doesn't account for Grealish sale in summer 21 onwards. Link to comment Share on other sites More sharing options...
CVByrne Posted January 31, 2023 Share Posted January 31, 2023 1 minute ago, Czarnikjak said: New set of accounts should be published within next month or two, that should give us more up to date view of where we are. Last year's amortisation figures were surprisingly low, will see what Purslow has conjured this time around. From memory we amortised more than a flat level over the contract? ie we wrote down more of the player amortisation early Link to comment Share on other sites More sharing options...
omariqy Posted January 31, 2023 Share Posted January 31, 2023 6 minutes ago, ender4 said: About £200m loss. So we've failed FFP no? Link to comment Share on other sites More sharing options...
CVByrne Posted January 31, 2023 Share Posted January 31, 2023 Just now, omariqy said: So we've failed FFP no? No, Covid losses, special rules. Is why Everton could get away with £373m loss in same period Link to comment Share on other sites More sharing options...
Hank Scorpio Posted January 31, 2023 Share Posted January 31, 2023 All they want to do is keep the same six now soon to be 7 teams in power. They just need the cannon fodder like villa to win against one of them so often so they can continue to sell the best league in the world narrative to the rest of the world Link to comment Share on other sites More sharing options...
ender4 Posted January 31, 2023 Share Posted January 31, 2023 Just now, CVByrne said: As of end of the season in 21 and includes Covid losses. So doesn't account for Grealish sale in summer 21 onwards. Yes good point. 21/22 should show a very good profit even with our spending on Bailey, Ings, and so on. Link to comment Share on other sites More sharing options...
omariqy Posted January 31, 2023 Share Posted January 31, 2023 Just now, CVByrne said: No, Covid losses, special rules. Is why Everton could get away with £373m loss in same period What could we take on as losses during covid? Link to comment Share on other sites More sharing options...
ender4 Posted January 31, 2023 Share Posted January 31, 2023 It’ll be interesting to see if we have a profit and therefore opens up a possibility to really spend on the summer. However we’ve spent heavily over the last 12 months as well so maybe not as good as I’m thinking. Link to comment Share on other sites More sharing options...
ender4 Posted January 31, 2023 Share Posted January 31, 2023 1 minute ago, omariqy said: What could we take on as losses during covid? Reduced revenue due to stadium closed and rebates to Sky as matches were cancelled. Link to comment Share on other sites More sharing options...
CVByrne Posted January 31, 2023 Share Posted January 31, 2023 (edited) Swiss Ramble had a thing last year about the accounts of Everton. 21/22 season for us we'll be in profit thanks to Jack's sale. 22/23 would likely around even or in profit. The really bad years are rolling off. I'd say we've a lot of FFP room atm. Cash, Martinez, Mings, Ramsey, Konsa, Kamara, Luiz, McGinn, Young, Olsen, Chambers all have zero or near enough to zero transfer fee amortisation left on contracts. So they cost us wages only essentially. It's a critically important phase of the squad development cycle for us. Edited January 31, 2023 by CVByrne 2 1 Link to comment Share on other sites More sharing options...
Czarnikjak Posted January 31, 2023 Share Posted January 31, 2023 6 minutes ago, CVByrne said: From memory we amortised more than a flat level over the contract? ie we wrote down more of the player amortisation early It wasn’t specifically mentioned that it was the case, but looking at the numbers it’s plausible. Frankly I see no other explanation why our amortisation went down while we were adding more players to the squad. There was no write downs or impairment charges due to COVID for example. Link to comment Share on other sites More sharing options...
CVByrne Posted January 31, 2023 Share Posted January 31, 2023 5 minutes ago, omariqy said: What could we take on as losses during covid? Depends how creative your accountants get. Everton for example got very creative Link to comment Share on other sites More sharing options...
CVByrne Posted January 31, 2023 Share Posted January 31, 2023 3 minutes ago, Czarnikjak said: It wasn’t specifically mentioned that it was the case, but looking at the numbers it’s plausible. Frankly I see no other explanation why our amortisation went down while we were adding more players to the squad. There was no write downs or impairment charges due to COVID for example. It makes financial sense to maximise our allowance for that year in the knowledge we were going to be in profit the following tax year due the the Grealish sale Link to comment Share on other sites More sharing options...
paul514 Posted January 31, 2023 Share Posted January 31, 2023 (edited) Our finances are fine. Definitive answers can be given when last years accounts are published which won't be too long away now. Edited January 31, 2023 by paul514 1 Link to comment Share on other sites More sharing options...
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