I actually feel sorry for Everton because what they're really guilty of is trying to compete, but unfortunately the club wasn't good enough at that or hiding it's efforts. Everton is like watching one of those dumbest criminals ever programmes.
Can someone explain how infrastructure costs don't get taken into account by P&S rules yet that's what the Everton fans are claiming they've over spent on
Overspend by hundreds of millions, including a plethora of overpriced players and the punishment isn't worse because you gained "no sporting advantage". That's got to hurt.
Well they overspent on both but it was the infrastructure that massively effected them. The covid costs people keep scoffing at (why were Everton so affected by it more than others), well construction costs rocketed for numerous reasons and they were building a stadium. They did overspend on players too though but its fair to add they really have reigned that in for a few years, since Benitez got there.
Infrastructure costs don't get taken into account though. We could go spunk £2bn on a new stadium and training ground and it has zero effect on P&S rules.
yep i can they claimed they were paying interest on loans they had taken out to finance the project but they later admitted that the loans were actually from Moshiri. The panel ruled they couldn't claim interest payments for monies owed to Mosh. imo they didn't believe the payments were ever made but just put in the books to try and get round ffp . In fact for years it looked like their accounts were rigged firstly by getting Usmanov to make up the shortfall i.e sponsoring Finch Farm and the option on naming rights for BMD. After his sanctioning then it was just find something we can use like Covid to reduce our liability
... why would I bother reading the judgement? - you obviously didn't bother to read up on what sent us into administration - so for the record - we embarked on building a new stadium not with sugar daddy money, but with forecast funds from the deal that the EFL had entered into with ITV for television rights - the deal collapsed and we wouldn't therefore have the monies to make the stadium development stage payments - we were not brought to book for profligate spending in the transfer market like your lot now have ... Now our situation was, of course, unfortunate for any local contractors that 'we' couldn't then pay but there are a few things that don't quite stack up - the building works should have been undertaken by the developers I.e contractors and subcontractors paid by them rather than the club directly - given that we couldn't then 'buy' the stadium and went into administration I would have thought the new ground remained the property of the developer - with the 'new Leicester City' paying them rent - or that they would have sold the ground to a 'new landlord' ... so the developer would not have lost out completely and you might have expected them to settle or part-settle any contractor costs from monies received - now when King Power came in they bought the ground from the then owner and put it back in club hands - so the developer / landlord would probably have got a pretty good deal there as the 'loss' of the rental stream would have been factored into the deal ... but to make things perfectly clear - King Power had nothing to do with the club until buying it, so can't be held accountable for financial transactions before that - it's your current owners that are responsible for many years of FFP breaches ... now proven (subject to appeal) - not sure what the grounds for an appeal are - the rules and the breaches of them appear to be factual ... Not sure what Leeds and Southampton (or Burnley) are doing because they would still have been relegated even if Everton had finished in the bottom 3 - on the face of it we have a possible case because if the points deduction had applied at the end of last season then we would have stayed up, and have ongoing Prem monies etc ... BUT ... and can only speak for me personally - I truly don't want us to pursue it - we finished where we did because - on the pitch - that's where we deserved to finish and, for me, we just take it on the chin and move on - every Leicester fan would have to agree that the football we are now seeing is vastly more entertaining than the fodder we were being fed by last season's squad. Here endeth the Sunday sermon
the bolded bit isn't correct which is why Chelsea are being investigated for ffp breaches during Abramovich era . The administration is what dealt with any outstanding financial claims against the club .
