bradowl Posted January 16, 2020 Share Posted January 16, 2020 Everton have just reported a loss of over £111m for last year, given their league position and already been knocked out of cup things are unlikely to improve this year. I wonder what will happen to them. Link to comment Share on other sites More sharing options...
pazowl55 Posted January 16, 2020 Share Posted January 16, 2020 2 minutes ago, S36 OWL said: Yet they STILL sanctioned the Rooney deal. Unbelievable Jeff That deal pretty much funded itself though. Link to comment Share on other sites More sharing options...
pazowl55 Posted January 16, 2020 Share Posted January 16, 2020 Just now, bradowl said: Everton have just reported a loss of over £111m for last year, given their league position and already been knocked out of cup things are unlikely to improve this year. I wonder what will happen to them. Nothing as the premier league doesn't want to de value it's own competition. EFL should take note. Link to comment Share on other sites More sharing options...
S36 OWL Posted January 16, 2020 Share Posted January 16, 2020 2 minutes ago, WalthamOwl said: That tw@t Gibson at Boro will be loving this. He has just given an interview on Sky Sports 1 Link to comment Share on other sites More sharing options...
We'llNeverBeMastered Posted January 16, 2020 Share Posted January 16, 2020 3 minutes ago, TINKERBELL said: Get ready everyone, its us next Where have you been hiding? We got charged ages ago. 4 Link to comment Share on other sites More sharing options...
We'llNeverBeMastered Posted January 16, 2020 Share Posted January 16, 2020 2 minutes ago, TINKERBELL said: I mean for punishment. They haven't been punished? 1 Link to comment Share on other sites More sharing options...
bradowl Posted January 16, 2020 Share Posted January 16, 2020 Derby County have been charged by the English Football League for a breach of spending rules and now face a possible points deduction. The charge relates to losses in the three years up to June 2018, despite the £80m sale of their stadium to owner Mel Morris, which saw a pre-tax profit of £14.6m in their 2017-18 accounts. Spending rules allow Championship clubs to lose £39m over a three-year period. The club has been referred to an Independent Disciplinary Commission. In March 2019, Birmingham City were deducted nine points by the EFL for a similar charge of breaching profitability and sustainability rules. The Rams are 17th in the Championship and 10 points above the relegation zone. In the 2017-18 season, which covers the 12 months between 1 July 2017 and 30 June 2018, Derby recorded a pre-tax profit for the first time in 10 years. In the three years under review by the EFL, the club recorded combined pre-tax losses of just over £8m. And while that appears well below the £39m of allowable losses set out in league rules, the sale of its Pride Park home which allowed them to turn the profit in an attempt to meet financial regulations has come under scrutiny. Must be something to do with sale of stadium because an £8m loss over 3 years is nothing. Link to comment Share on other sites More sharing options...
dewsburyowl58 Posted January 16, 2020 Share Posted January 16, 2020 I’m guessing the sale of the ground brought spending down to £8m ? . Link to comment Share on other sites More sharing options...
pazowl55 Posted January 16, 2020 Share Posted January 16, 2020 Think it's the fact that they valued the stadium sale at 80 million. Link to comment Share on other sites More sharing options...
SallyCinnamon Posted January 16, 2020 Share Posted January 16, 2020 EFL are a joke. Link to comment Share on other sites More sharing options...
SiJ Posted January 16, 2020 Share Posted January 16, 2020 The whole thing is a shambles from top to bottom. From the EFL to the clubs themselves. Honestly, I think we are well on our way to a crisis comparable to the ITV digital fallout. Proper can of worms this and I think there is a very reasonable chance of mutiny among clubs. Link to comment Share on other sites More sharing options...
asteener1867 Posted January 16, 2020 Share Posted January 16, 2020 Does this mean Derby may go to court before we do? Thats good news if so Chuck 'em in see if they float...Its only Derby FFS! 1 Link to comment Share on other sites More sharing options...
The only way is S6 Posted January 16, 2020 Share Posted January 16, 2020 50 minutes ago, bradowl said: Everton have just reported a loss of over £111m for last year, given their league position and already been knocked out of cup things are unlikely to improve this year. I wonder what will happen to them. FA Link to comment Share on other sites More sharing options...
pazowl55 Posted January 16, 2020 Share Posted January 16, 2020 3 minutes ago, asteener1867 said: Does this mean Derby may go to court before we do? Thats good news if so Chuck 'em in see if they float...Its only Derby FFS! Birmingham and Derby maybe before us. Chansiri has brought us some wiggle room. Mind you the derby chairman seems pretty shrewd, would imagine he has a trick or two up his sleeve to throw at the EFL. Link to comment Share on other sites More sharing options...
McRightSide Posted January 16, 2020 Share Posted January 16, 2020 Hopefully they don’t re-value the sale of Hillsborough and hit us with an excessive spending charge on top of our misconduct charge Link to comment Share on other sites More sharing options...
Costello 77 Posted January 16, 2020 Share Posted January 16, 2020 This workload will keep the EFL busy until we're all using flying cars and drug dealers go cashless... Excellent.. Link to comment Share on other sites More sharing options...
BARMYARMY2010 Posted January 16, 2020 Share Posted January 16, 2020 1 hour ago, bradowl said: Everton have just reported a loss of over £111m for last year, given their league position and already been knocked out of cup things are unlikely to improve this year. I wonder what will happen to them. Well, the board of the Premier league are looking into Usmanov's £30 million injection for "naming rights" of the new stadium that's not even got footings yet. Slightly away from the losses I know but are being looked at none the less. Link to comment Share on other sites More sharing options...
Hookowl Posted January 16, 2020 Share Posted January 16, 2020 7 minutes ago, Costello 77 said: This workload will keep the EFL busy until we're all using flying cars and drug dealers go cashless... Excellent.. 1 3 Link to comment Share on other sites More sharing options...
handworth52 Posted January 16, 2020 Share Posted January 16, 2020 (edited) this is a mess , I guess each commission for us and derby and Birmingham will be different . what happens if we get 21 points derby 12 points birmingham 9 points ,then we would take the efl to court . if you have punishments they have to be written on a document stating clubs going over 39 million will receive 15 points deduction ,10 million fine, and 1 transfer embargo , and set rules what you can and cannot have in your accounts and in each financial year . I think there is a rule that an owner cant say sponsor the club shirt by more than a certain amount etc . surely if that's true then every other rule should be set in stone so it can be quite clear if you break the rules you know the penalty . I can only see chaos with all this. this is all the efls doing. Edited January 16, 2020 by handworth52 s Link to comment Share on other sites More sharing options...
Costello 77 Posted January 16, 2020 Share Posted January 16, 2020 Mel Morris alluded to the fact that Gibson wasn't pure as the driven snow.. he's robust so I'm expecting dirt to be dished.. Link to comment Share on other sites More sharing options...
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