NFFC Financial Talk

[nffc93]

PL in a mess on all this, most points back for the initial Everton offence plus large fine, then large fine and suspended points deduction for both of us this time around gets PL off the hook.

I just can't see them doing that. Be nice but be surprised

[zicorice]

PL in a mess on all this, most points back for the initial Everton offence plus large fine, then large fine and suspended points deduction for both of us this time around gets PL off the hook.

I just can't see them doing that. Be nice but be surprised

Yep. Then just Id have more confidence as "just" got to finish above Luton, SU and Burnley......plus win FA Cup...

[DR Forest]

PL in a mess on all this, most points back for the initial Everton offence plus large fine, then large fine and suspended points deduction for both of us this time around gets PL off the hook.

I just can't see them doing that. Be nice but be surprised

Yep. Then just Id have more confidence as "just" got to finish above Luton, SU and Burnley......plus win FA Cup...

lol
Can you imagine how pissed off the establishment would be?
Lil old us staying up AND getting into Europe.
They’d be shaking with rage!

[JollyLolly]

Happy Days DR

[Mcforest]

Everton should know their fate today regards the initial 10 pts deduction, should be of interest to all Forest fans!

Be Monday at best after they have played their home game on TV. The premier league will want to avoid any reaction being broadcast.

[Mcforest]

Interesting reading the Everton's pled for mitigation on over spend
Claiming 14.6 million on interest on the stadium finance that was outside the planning permission.
Claiming the 4% transfer Levy clubs pay on transfer fee's to the footballer pension scheme should be re-directed to the youth development expenditure.
Claiming the outstanding accrued cost for a player who they dismissed should no longer count despite 10 million still to be accounted for over the contract.
Claiming 43.9 million on covid player trading
Claiming Player Y no sale was due to distorted market value.

Everton claim they PSR loss is 87.1 million. But the independent review panel have it at 124.5million.
So 37.4 million difference. However at the first hearing they agreed at 24.5 million was the breach.

[Reds73]

Did we know how much we breached by in the end?

Nobody will know until the details of the hearing have taken place.

I'm sure I read somewhere (I might be wrong) that when we submitted our accounts we had 47m loss. However that includes things that don't count for P&S (Academy, Women's team, infrastructure, etc), so we can only guess the amount.

Last years accounts haven’t been made public yet. It’s only the PS&R return that had to be submitted to EPL by 31st Dec
So nobody knows what the accounts ending 31st May 2023 were.

[wassy04]

Interesting reading the Everton's pled for mitigation on over spend
Claiming 14.6 million on interest on the stadium finance that was outside the planning permission.
Claiming the 4% transfer Levy clubs pay on transfer fee's to the footballer pension scheme should be re-directed to the youth development expenditure.
Claiming the outstanding accrued cost for a player who they dismissed should no longer count despite 10 million still to be accounted for over the contract.
Claiming 43.9 million on covid player trading
Claiming Player Y no sale was due to distorted market value.

Everton claim they PSR loss is 87.1 million. But the independent review panel have it at 124.5million.
So 37.4 million difference. However at the first hearing they agreed at 24.5 million was the breach.

Yeah they initially tried to claim all the above and then basically admitted that it was false, which was a big part of their punishment according to the notes from the panel.

[optimistic_red]

Did we know how much we breached by in the end?

Nobody will know until the details of the hearing have taken place.

I'm sure I read somewhere (I might be wrong) that when we submitted our accounts we had 47m loss. However that includes things that don't count for P&S (Academy, Women's team, infrastructure, etc), so we can only guess the amount.

Thanks for the clarification.
Last years accounts haven’t been made public yet. It’s only the PS&R return that had to be submitted to EPL by 31st Dec
So nobody knows what the accounts ending 31st May 2023 were.

[The reds]

Our squad cost when promoted was 12m compared to Bournemouth and Fulham squads cost over 150m

[TrickySte]

I believe we're appointing a financial/commercial guy that used to be at Leeds. Maybe it will be his job to keep an eye on this sort of thing going forward.

[Jean_claude_killy]

Did we know how much we breached by in the end?

Nobody will know until the details of the hearing have taken place.

I'm sure I read somewhere (I might be wrong) that when we submitted our accounts we had 47m loss. However that includes things that don't count for P&S (Academy, Women's team, infrastructure, etc), so we can only guess the amount.

Thanks for the clarification.
Last years accounts haven’t been made public yet. It’s only the PS&R return that had to be submitted to EPL by 31st Dec
So nobody knows what the accounts ending 31st May 2023 were.

its year end 30th June 2023