The Premier League are demanding a 12 point deduction for Everton if they are found guilty of breaching financial rules. 

The reason why this should concern us is because we are also still being investigated for financial breaches. The major difference between Everton, City and us is that we have already admitted guilt, we told on ourselves to UEFA and that is why the Premier League are now investigating us. If Everton get a 12 point deduction, then we will almost certainly be facing the same thing or potentially even worse.

As for City, this has been going on too long at this point. If they are guilty, then they should be getting relegated multiple divisions.

Edited October 26, 20232 yr by Scott Harris

Can someone list what we have actually breached? This doesn't sound good!

That will relegate Everton!

21 minutes ago, Modueke said:

Can someone list what we have actually breached? This doesn't sound good!

That will relegate Everton!

Everton are being investigated because they received a £20m loan from Rights and Media funding Ltd, a mysterious company that has no employees and no assets except a loan book and £300m of debts from Cyprus & the Bahamas. They are also almost £250m over budget. 

I think Clearlake found some irregularities in some accounts payable that were traced to families of footballers and off shore bank accounts. Something I could of sworn we were already investigated for back in 2018. 

Edited October 26, 20232 yr by Sconnie Blue

12 points eh? Ok so 1 win and we are ahead of Sheff United at least lol.

Best start racking up the wins then.

1 hour ago, Modueke said:

Can someone list what we have actually breached? This doesn't sound good!

That will relegate Everton!

It's this one

https://www.skysports.com/football/news/11095/12929532/chelsea-fined-8-6m-for-ffp-breach-as-juventus-banned-from-europe-for-23-24-in-separate-financial-case

Once we told on ourselves, the Premier League became interested and are now doing their own investigation

https://www.skysports.com/football/news/11668/12936215/premier-league-investigating-chelsea-for-potential-financial-breaches-during-roman-abramovichs-ownership

A UEFA statement said: "Following its assessment, including the applicable statute of limitations, the CFCB (Club Financial Control Body) First Chamber entered into a settlement agreement with the club which has agreed to pay a financial contribution of €10m to fully resolve the reported matters."

The prem obviously saw the pound signs when it was settled with UEFA. They love a bit of drama those lot!

3 hours ago, Sconnie Blue said:

Everton are being investigated because they received a £20m loan from Rights and Media funding Ltd, a mysterious company that has no employees and no assets except a loan book and £300m of debts from Cyprus & the Bahamas. They are also almost £250m over budget. 

I think Clearlake found some irregularities in some accounts payable that were traced to families of footballers and off shore bank accounts. Something I could of sworn we were already investigated for back in 2018. 

Everton's primary problem is that they have recorded annual losses for 5 consecutive years. A total of £372m over the past 3 years, a tad more than the £105m allowed under FFP. A major plank in their defence is losses under Covid.

3 hours ago, Sconnie Blue said:

Everton are being investigated because they received a £20m loan from Rights and Media funding Ltd, a mysterious company that has no employees and no assets except a loan book and £300m of debts from Cyprus & the Bahamas. They are also almost £250m over budget. 

I think Clearlake found some irregularities in some accounts payable that were traced to families of footballers and off shore bank accounts. Something I could of sworn we were already investigated for back in 2018. 

Amongst other things, Chelsea apparently started paying Christensen's dad £10,000+ a month for "scouting duties" from the day they signed Christensen.

1 hour ago, dermott said:

Amongst other things, Chelsea apparently started paying Christensen's dad £10,000+ a month for "scouting duties" from the day they signed Christensen.

And he still failed to unearth Haaland. He could have ventured beyond Denmark on that kind of money.

8 hours ago, Scott Harris said:

The Premier League are demanding a 12 point deduction for Everton if they are found guilty of breaching financial rules. 

The reason why this should concern us is because we are also still being investigated for financial breaches. The major difference between Everton, City and us is that we have already admitted guilt, we told on ourselves to UEFA and that is why the Premier League are now investigating us. If Everton get a 12 point deduction, then we will almost certainly be facing the same thing or potentially even worse.

As for City, this has been going on too long at this point. If they are guilty, then they should be getting relegated multiple divisions.

The big difference between us and Everton/City is that we openly self-reported our issues and have fully co-operated. If Premier League throws the book at the new owners for being honest about discoveries made about the old owners, then what precedent does that set? Also the Premier League and government did not spot any of this when overseeing the sale to Clearlake, so I wonder if that would open the Premier League up to legal action from the club?

Apparently Everton are also looking at massive financial lawsuits from clubs that were relegated at their expense over the past few years. Could put them in a real hole.

5 hours ago, dermott said:

Amongst other things, Chelsea apparently started paying Christensen's dad £10,000+ a month for "scouting duties" from the day they signed Christensen.

Wait until the Prem find out that some clubs buy houses and so forth for family members to help them settle in. 

Christ, at this rate the entire Premier League will be docked points. 

Meanwhile Man City sponsor themselves to the tune of hundreds of millions. Nothing in that though. 

5 hours ago, dermott said:

Amongst other things, Chelsea apparently started paying Christensen's dad £10,000+ a month for "scouting duties" from the day they signed Christensen.

Hope we can keep under wraps the time we signed Thorgan and Kylian Hazard mate, else we could be in real trouble...

Just lawyers up, and we will fine. City may have breached 120 rules, but nobody has got near them since they setup to fight the charges. Everton on the other hand, maybe vulnerable if they don't have strong financial backings. It's not about right or wrong, it's just the real world.

I have two comments to make on this, the first one is pretty spurious and slightly tongue in cheek; 

If we are going to have a 12 point deduction can we have them now please, get it out the way. 
 

on a more serious note, I think you have to look at what FFP is all about. It’s a badly named directive as it is not about a club who comes into money and buy up all the best players so they win things. I.e. it’s not “fair” on other clubs who don’t have not been fortunate enough to have that level of investment. 
 

FFP came in was because of the likes of Portsmouth, who spent a fortune on players that they couldn’t afford leading to the club going into administration. 
 
That’s why the likes of Citeh and us get away with murder in the transfer market because we have an appropriate level of debt/profit/assets (I won’t bore you with financial gearing) to sustain such huge investments. 

I have not looked at our financials lately however if it is correct what the press say that Roman effectively wrote off £2B debt as a parting gift to the club, meaning Boehly and co have made a very wise investment buying and essentially debt free  club, if you remember rightly there were a number of parties fighting to buy us. 

The outcome of this is we have been able to run riot in the transfer market and not fall foul of FFP thanks to our old mate Roman - as if we needed another reason to love him. 

Honestly numb to authorities and such throwing the book at Chelsea these days. The sports so bureaucratic these days and everyone wants their share. 

Let’s see where it goes. Be ridiculous to go after the new owners, but they’ll just associate it to the badge and any authority never misses a chance to go after Chelsea. 

No chance we get a points deduction. It'll be a fine for sure.

The risk is if the Clearlake financial masterplan doesn't work.

Should we get the book thrown at us? Yes. Would we fight till death with an army of lawyers to get away scot-free? Yes.

 

We will get the book thrown at us and probably get more points deducted 

will we go down ? Probably 

35 minutes ago, Andy2461 said:

We will get the book thrown at us and probably get more points deducted 

will we go down ? Probably 

Hard to know how it will unravel but based on the disastrous way the club has been run since Clearlake took over, it would be par for the course if we got a points deduction for self-reporting some financial discrepancies from the past.

2 hours ago, Andy2461 said:

We will get the book thrown at us and probably get more points deducted 

will we go down ? Probably 

1 home Pl win in 9 months. We would deserve it. Sides like Sheff United, Luton and Burnley keep us higher up the table.

3 hours ago, Andy2461 said:

We will get the book thrown at us and probably get more points deducted 

will we go down ? Probably 

Do we need a points deduction to achieve that.

Here we go again.

https://www.dailymail.co.uk/sport/football/article-12689801/Premier-League-secret-payments-Chelsea-Roman-Abramovich.html

4 hours ago, Kev56 said:

Here we go again.

https://www.dailymail.co.uk/sport/football/article-12689801/Premier-League-secret-payments-Chelsea-Roman-Abramovich.html

Self sabotage in an effort to make themselves look good and Roman look bad. These owners willing to damage the club to achieve it.

On 26/10/2023 at 22:02, Gonoir Beniashile said:

Wait until the Prem find out that some clubs buy houses and so forth for family members to help them settle in. 

Christ, at this rate the entire Premier League will be docked points. 

Meanwhile Man City sponsor themselves to the tune of hundreds of millions. Nothing in that though. 

I would think sponsorship is one of the things that City are being investigated for... amongst dozens of other things . 

On 26/10/2023 at 20:59, forbzy said:

The big difference between us and Everton/City is that we openly self-reported our issues and have fully co-operated. If Premier League throws the book at the new owners for being honest about discoveries made about the old owners, then what precedent does that set? Also the Premier League and government did not spot any of this when overseeing the sale to Clearlake, so I wonder if that would open the Premier League up to legal action from the club?

Apparently Everton are also looking at massive financial lawsuits from clubs that were relegated at their expense over the past few years. Could put them in a real hole.

It was a rushed sale but even then I think im right that discrepancies were uncovered at the time and the new buyers witheld money for that reason