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Management FFP / PSR Requirements & Breaches

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View: https://twitter.com/TheSpursWatch/status/1747959595958505769

1) There's no way in hell Rich was 'worth' that much to Everton

2) Why didn't Forest sell an asset like Johnson earlier in the window?

But these are just feeble arguments and just misses the point about P&S, if they hadn't over splurged in the first place and actually attempted to balance the books then they wouldn't have to rely on owing the money back to cover the shortfall.
 
Shadydan said:

View: https://twitter.com/TheSpursWatch/status/1747959595958505769

1) There's no way in hell Rich was 'worth' that much to Everton

2) Why didn't Forest sell an asset like Johnson earlier in the window?

But these are just feeble arguments and just misses the point about P&S, if they hadn't over splurged in the first place and actually attempted to balance the books then they wouldn't have to rely on owing the money back to cover the shortfall.
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This pre-Window June loophole really needs to be shut down.

Everton abused it to delay punishment and thus avoid relegation...... Forest look to be trying to do the similar.

Any deal in June is a pre-deal that can't be registered until after Jul 1st, so shouldn't be allowed to be backdated into the previous season's accounts. It's bogus.
 
Shadydan said:

View: https://twitter.com/TheSpursWatch/status/1747959595958505769

1) There's no way in hell Rich was 'worth' that much to Everton

2) Why didn't Forest sell an asset like Johnson earlier in the window?

But these are just feeble arguments and just misses the point about P&S, if they hadn't over splurged in the first place and actually attempted to balance the books then they wouldn't have to rely on owing the money back to cover the shortfall.
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Sounds like their defence, is simply to stand up and point in another direction…
 
r-u-s-x said:
Chelsea were commiting the crimes and should be punished. If boehly didn't do due diligence he can get fucked or sue the previous owner.
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I'd imagine right now his only defence is that it was so well hidden, that even the forensic accountants that did the DD didn't see it.

And if they should I have seen it, I really wouldn't want to be the E&O insurers for them :roflmao:
 
Matt1882 said:
I'd imagine right now his only defence is that it was so well hidden, that even the forensic accountants that did the DD didn't see it.

And if they should I have seen it, I really wouldn't want to be the E&O insurers for them :roflmao:
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They may not have even been available if it’s money abroad. I guess Boehly could go after Abramovich but good luck with that.
 
Tomo said:
Possibly but the complexity of the operational may have been too much even for decent legal teams. As per my above post it sounded like they didn’t fully understand all the complex finances. Boehly badly wanted a football club but that football club was like unwinding Lehman Brothers derivatives and MBS books post 2008.
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Then it that case it's on him for having more money than brains. If he really looked at the mess and thought "nah, that's too messy to unpick" and went ahead anyway then I don't see what comeback he has.
 
Brian Fantana said:
Carragher speaking sense in his tweets here. Fans peculiarly don’t want to blame their board but the PL. Falling for Everton PR machine.


View: https://x.com/carra23/status/1747945251874971838?s=46&t=iEaWUqHxKoZgFwd7iE42Mg
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Further down the thread:


View: https://twitter.com/FoxyAnt1980/status/1747959152670842910

Read the post after the Daily Mail article.....

GEIJMfRXAAAtPN3


The loan is apparently not linked to the stadium build and thus the interest is not to be excluded.

Conclusion: Moshiri is a moron.
 
Tomo said:
Possibly but the complexity of the operational may have been too much even for decent legal teams. As per my above post it sounded like they didn’t fully understand all the complex finances. Boehly badly wanted a football club but that football club was like unwinding Lehman Brothers derivatives and MBS books post 2008.
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I'm quite sure you are correct in many things inside Abramovich empire being opaque and difficult to understand.

His choices :
1 Walk away and not buy as risks too great

2 Buy but at a much reduced price due to risks involved (and I think he did do that - maybe hundreds of millions less than a 'clean' football club would sell for, maybe half a billion.)

HIs biggest risk imo was in clear sight - new stadium required equals thick end of 2 billion and 5+ years to get built.

3 Hold back some consideration - but frankly amounts held back are only likely enough to pay legal fees to keep Boehly out of jail, surely nobody would advise any amount enough to cover risks in buying the cess pit that was Chelsea.

I think he knew full well the risks of buying Chelsea were likely well over a billion (plus 2 billion for stadium) so I've zero sympathy with him if he now thinks risks were one billion ... or even more.

He knew he was buying a high risk 'pig in a poke', He took a huge gamble .... and gambles often go butter side down.
 
Airfixx said:
The Richarlison thing is dumb.... It doesn't matter what you thought you might get. If they gambled on the basis of a hypothetical price-tag; that's their own silly fault.
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They are saying they didn't Gamble. Took a lower fee while waiting would have forced us to pay more. Compared to forest who did wait and missed the cutoff.

Hoping it shows that they were respecting the spirit of the rules
 
Spursidol said:
I'm quite sure you are correct in many things inside Abramovich empire being opaque and difficult to understand.

His choices :
1 Walk away and not buy as risks too great

2 Buy but at a much reduced price due to risks involved (and I think he did do that - maybe hundreds of millions less than a 'clean' football club would sell for, maybe half a billion.)

HIs biggest risk imo was in clear sight - new stadium required equals thick end of 2 billion and 5+ years to get built.

3 Hold back some consideration - but frankly amounts held back are only likely enough to pay legal fees to keep Boehly out of jail, surely nobody would advise any amount enough to cover risks in buying the cess pit that was Chelsea.

I think he knew full well the risks of buying Chelsea were likely well over a billion (plus 2 billion for stadium) so I've zero sympathy with him if he now thinks risks were one billion ... or even more.

He knew he was buying a high risk 'pig in a poke', He took a huge gamble .... and gambles often go butter side down.
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I assume he thought any penalties where financial. Over inflated sponsorship, off book payments and thus accounting fraud on FFP would be relegation and is vastly more serious than Everton's issues.

They should have looked at FFP to confirm if the potential sanctions were worth it.
 
Nuts said:
It wasn't a case of being triggered; the football was doing that. What it did was further amplify the emotions in a negative way for many of us which is why I'd argue that some of us do feel more passionately about these things than others. We're not all cool cucumbers.

It's another example of an iatrogenic consequence caused partly by Levy's naivety and, to be fair to him, his likely good intentions. He possibly thought it would be a glimpse of sunlight amidst the gloom. I've no idea. But it had the adverse effect.
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Iatrogenic?

Nerd Alert GIF
 
Brian Fantana said:
Carragher speaking sense in his tweets here. Fans peculiarly don’t want to blame their board but the PL. Falling for Everton PR machine.


View: https://x.com/carra23/status/1747945251874971838?s=46&t=iEaWUqHxKoZgFwd7iE42Mg
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Noticeably........ Neville is playing the audience on the other wide of the fence.....



View: https://twitter.com/grandoldteam/status/1747958297863262257


All part of the Sky Sports theater to have one on each side? ................Or am I just a cynic? :ange-hmm:
 
r-u-s-x said:
They are saying they didn't Gamble. Took a lower fee while waiting would have forced us to pay more. Compared to forest who did wait and missed the cutoff.

Hoping it shows that they were respecting the spirit of the rules
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What constitutes a "gamble" in their case is budgeting (however loosely) 80m for Rich in the first place.

"We can spend X-pounds now cos Y will be sold for Z-pounds next summer.".... Shakey ground..... Richy could have been injured resulting in no sale at all... Then what?


As already noted above; the Richy sold in June loophole is a sham anyway and shouldn't have been counted to begin with. That's a 22/23 transfer and should rightfully be accounted as such.
 
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