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Chester Perry

I've just been back and looked at the 2021/22 accounts - on the SwissRamble link. I've also looked at the 2022/23 accounts and re-called it mentioned a re-statement of the 2021/22 accounts. Quoting from the Directors' Report: "The loss for the year, after taxation, amounted to £27,943,000 (2022 – p...

Chester Perry

Isn't the December sign off more likely to be because the PL require accounts to be submitted to them by 31 December? As I have said before (on both the takeover and MMT threads) that only applies if you are carrying losses over the previous two years - which we were not For those who believe that ...

Chester Perry

Not yet at least, but the accounts do mention Accruals and deferred income of £52.5m If we consider that cash position and that the accounts run to the end of July 2023 The club had been holding the receipts of record season ticket sales since the end of March (certainly 4 months of direct debits) ...

Chester Perry

I note that the 2022/23 Accounts for Burnley FC Holdings Limited have been added to the Asset Match document pack, which they should have been in December under FCA rules as I understand them. Being aware of certain background discussions, this is the reason why I believe that these accounts were re...

Chester Perry

I’ve not said it will. I’d like to know a) what it’s there for, and b) how it came to be there, though. Any theories? Until we know that, the existence of £88m minimum cash in a group company and/or now in the possession of our ultimate shareholders, provides some comfort there is access to funds a...

Chester Perry

ALK took £50 million of the clubs money out of the bank account and gave it to the former owners. At what point does £50 million change from being an existential threat to the clubs existence caused by Covid to being thank you and oh by the way thanks for the other £65 million you borrowed from MSD...

Chester Perry

You won’t see anything about the £88m/£80m in these accounts because they were invested after the accounting period. And you might never see any evidence of it in BFC accounts unless some of it is used to repay the debts the group owes BFC at some point in future. We’ll probably only know more abou...

Chester Perry

Our cash balance has increased to over £20m. Not sure we have cash flow issues. .... Not yet at least, but the accounts do mention Accruals and deferred income of £52.5m If we consider that cash position and that the accounts run to the end of July 2023 The club had been holding the receipts of rec...

Chester Perry

Yes but that's where we disagree. I think prudence also means spending enough money to ensure the viability of the playing assets. The protestations that the cost of Covid, around £50 million, could ruin the club looked somewhat hollow when he sold to ALK who immediately took £50 million out of the...

Chester Perry

He was signed late but not to the extent that you could say he was signed because the others were failures. I think Garlick ran the club very prudently until 2018/19 but PL broadcast revenue is well over a £100 million and PL clubs have to spend a lot of money, which we haven't until this summer. A...

Chester Perry

I think the basic premise of this is true and have argued along similar lines

from Bloomberg.com

Everton-777 Is a No-Win Game for England’s Football Chiefs
The Premier League needs to prove it can be trusted to oversee the beautiful game.
https://archive.ph/6AVI2

Chester Perry

What no one talks about is the time lost by the delay - we are told that the game is hot on the issue of time wasting but this can contribute as much time wasted as keepers splatting themselves on the ground with no one near them

the issue of injuries arising is probably a more serious one

Chester Perry

I think we all suffer from bias and the more you accept your own bias the less inclined you are to expect people or even want people to trust you. But yes, your contributions on the finances have made this forum an informed and reliable source of information. But do I trust you on Garlick? I guess ...

Chester Perry

With all due respect Chester, how much credence would you give someone on here making vague claims that seems to run counter to the evidence - if it wasn't you doing it? trust is earned and those who have been given it have to treat it with care, more so in an environment such as a message board - ...

Chester Perry

ClaretPete001 wrote: ↑
Tue Apr 02, 2024 11:32 pm
I think most would be surprised Chester but that doesn't necessarily make it true .

I believe it to be so, I was quite surprised by it when I learned of it

Chester Perry

I don’t like these owners, I couldn’t care less where they come from, but don’t be fooled by Garlick and John B either. They fattened the pig as best they could then filled their pockets. By the sound of it, Barry couldn’t stop it as his shares were tied into an arrangement with either Garlick or J...

Chester Perry

Basically, “the group” will give them money if necessary. I think the group has more cash than we realise. Will it? It doesn't even say that, What is says is that they believe they have ways which they believe will enable them to deal with it, much like they did last time - which in short saw the c...

Chester Perry

This is the wording from the accounts. There's a risk, it's probably not that big a risk: These financial statements are prepared on a going concern basis. The directors have reasonable expectation that the group will continue in operation existence for the foreseeable future. The directors are awa...

Chester Perry

BurnleyFC wrote: ↑
Tue Apr 02, 2024 10:15 pm
Wasn’t this clown predicting financial meltdown nearly 2 seasons ago?

If you look closely at the last accounts and read those published yesterday then you will see a lot of money still going out the door and not to buy players or develop the clubs facilities/revenues

Chester Perry

The latest Business of Soccer column in The Guardian is something of a state of the game statement tinted by a particular political viewpoint, but is well worth a read, just be prepared for the fact that it is quite lengthy The Premier League’s era of vanity worship may be over but the future won’t ...

Chester Perry

The Esk takes his turn with the Everton accounts - which will be covered in two parts Part 1 is here Part I – Everton Football Club Company Limited Annual Report and Accounts 2022/23 https://theesk.org/2024/04/01/part-i-everton-football-club-company-limited-annual-report-and-accounts-2022-23/ https...

Chester Perry

Ah yes, looks like the document was prepared in advance and never updated which is a bit sloppy. I'd be very, very surprised if that isn't a standard disclosure on the shareholdings. Which s what I was expecting when I first saw it - as for sloppy, like I said the document is really quite shocking ...

Chester Perry

I'm not sure where the errors in the document are but I'm not that familiar with the biographies of the directors. You've misunderstood Section 4. The line: The Company has been notified that the following shareholder(s) are interested in 3% or more of the issued share capital of the company: means...

Chester Perry

You go out for the day and something a little unexpected happens - I need to read what has been published first - though I note that these are the holding company's accounts not the club's trading accounts - so include impacts of other group companies Burnley FC Women and Longside Properties as well

Chester Perry

I got a mail about this last week. 122478 shares at 300 quid each is less than 37m, has the value of the club slumped that much? Are they trying to pick up shares on the cheap? It's not a very dynamic website, I expected to see more than just an advertising page. If you click through to this page -...

Chester Perry

The media are starting to catch on that traditional fanbases are slowly being squeezed out of attending the game from The Times How super-rich Premier League clubs are ‘squeezing fans dry’ Seven Premier League clubs offer season tickets at more than £1,000 and 17 of the 20 have increased prices – wi...

Chester Perry

777 Partners appear still to be keeping their game face on, but the situation does not appear to be one that appears favourable to them from The Telegraph Prospective Everton owners 777 ‘confident’ in ability to fund takeover amid fresh doubts Premier League yet to sign off on the deal with club’s i...

Chester Perry

Tottenham Hotspurs new stadium has ensured them a place in the game's financial elite )some of the revenue numbers are mind boggling - they make more profit (after costs) from non football events than our club makes in total match and non- match day revenues (before costs). In fact they make more mo...

Chester Perry

The best report I have seen on Everton's 2022/23 financial results from The Athletic Everton’s financial plight laid bare as club reports £89.1m loss in latest accounts https://archive.ph/xZ1YA The Esk takes his turn with the Everton accounts - which will be covered in two parts Part 1 is here Part...

Chester Perry

It never rains but it pours on the business side of Italian football - though both sides of this deal are American, of course Elliot had problems with their interest in Lille and their arguments with Gérard López, not to mention they were very noisy in offering finance to anybody who wanted to buy ...

Chester Perry

the Athletic attempts to explain the summer accounting year deadline and it affect on the transfer market as PSR bites

What Premier League money rules and points deductions mean for the transfer market
https://archive.ph/sTe4T

Chester Perry

The best report I have seen on Everton's 2022/23 financial results

from The Athletic

Everton’s financial plight laid bare as club reports £89.1m loss in latest accounts
https://archive.ph/xZ1YA

Chester Perry

The Esk has discovered why one of the conditions presented by The Premier League exists - it did cross my mind as strange that MSP has to be paid off fully by mid April Moshiri is about to lose control of Everton – the question is to whom? https://theesk.org/2024/03/30/moshiri-is-about-to-lose-cont...

Chester Perry

That article from the Liverpool Echo is frightening if you're an Everton fan. " There remains a material uncertainty about Everton's ability to operate as a going concern should the club be relegated". Are there still doubts about 777 Partners takeover of Moshiri's stake in the club, or is that goi...

Chester Perry

Their losses have doubled. So if this current upcoming charge is to do with this can we then expect a bigger points deduction? Or is that too simplistic a view? there is nothing about how many of those losses do not count under PSR - there are stadium loan costs (interest) for instance that are not...

Chester Perry

They are also winless in 12 games, Heard it all before. Leicester were going to be too good for Championship and would 'walk it' - they're now third. I'd also argue Leicester are in a more stable place than Everton, particularly off the field. Leicester are in a financial mess too, re PSR and are b...

Chester Perry

i 'think' this current report doesn't affect this season (judging that by reading the comments on the Maguire thread) posted on the MMT earlier Everton release their 2022/23 accounts - the ones that they received their second PSR charge for (the hearing was heard last week and we may have the judge...

Chester Perry

Everton release their 2022/23 accounts - the ones that they received their second PSR charge for (the hearing was heard last week and we may have the judgement in the next few days https://resources.evertonfc.com/evertonfc/document/2024/03/31/d59075c4-85a5-4d84-adea-088920d1ce6f/Annual-Report-And-Ac...

Chester Perry

this is a tale of what most - not all - aspirant multi-club organisations are looking to achieve, including ALK/VSL the owners of Burnley FC. Actually achieving it is a different matter altogether from The Independent How Brighton’s sister club turned into the ‘cheat code’ of European football Les U...

Chester Perry

The Esk with a piece to follow up the detail of those conditions outlined in Josimar, he reminds us that hey actually formed part of the conditions 6 months ago as well, it is the hard deadline that is new - though it appears that Rights and Media Funding are not pushing for their money now as they...

Chester Perry

hmmm - are these the words of desperation or delusion? from The Guardian Farhad Moshiri assures Everton fans that 777 takeover is in “home straight” 777 Partners chief Josh Wander also remains upbeat over deal Both were replying to letters from Everton supporters’ group https://www.theguardian.com/f...

Chester Perry

talking of regurgitation, how about this from The Times it is like the La Liga/Relebant case to allow La Liga games in the US never happened, though there are still more hearings/legal arguments for that, the FIFA hurdle has so far proved effective though I am sure someone could come up with the mon...

Chester Perry

Villa agree a new shirt sponsor deal for the next two seasons - the last allowing Vetting sponsors, I would think that £20m a year represents a significant uplift from their current deal, my guess is between 80% and 100% from The Telegraph Aston Villa agree £40m shirt sponsorship deal with Greek on...

Chester Perry

This season the Premier League had two deadlines for presenting them with last season's accounts, December 31 for those who made an aggregate loss over the previous two seasons and March 1st for everyone else - Companies House has different requirements - 9 months following the year end and there ar...

Chester Perry

Part Five of 'The men who want to buy English football clubs' asks the crucial question from The Athletic The men who want to buy football clubs: Why is the English game so vulnerable? https://archive.ph/eOnU9 there is a podcast that goes with this series Who would buy a football club in 2024? http...

Chester Perry

Part Four of 'The men who want to buy English football clubs' The nobody who tried to buy Manchester United and Inter Milan Welcome to the fourth part of our series about the men who want to buy football clubs. Here, we look at Thomas Zilliacus and his attempts to buy Manchester United and Inter Mi...

Chester Perry

The ‘wages’ part of this seems to be being brushed over. It’s one thing not being able to afford extraordinary costs such as the stadium, but not being able to pay players is another thing altogether You get the feeling that things are so tight that they are paying bills by priority and not running...

Chester Perry

I've been involved in TV residuals over the years and it's a real minefield. Payments generally come out of profits and a lot of effort is made to keep those paper profits low. Wrexham probably receive some share (whether flat fee or percentage) as there is a fair bit of filming at the ground/with ...

Chester Perry

I have said all along that Fan Advisory boards were a smoke and mirrors type exercise from The Times Premier League clubs under fire for using fan boards for own PR Sixteen months after Fan Advisory Boards became mandatory in wake of the failure of the European Super League, there are questions abou...

Chester Perry

Only if they decide to do the same. It is never as simple as that - expectations of players and agents also change, then there is the competitive fairness i it all - of course the National League does not have any form of FFP, but the spending that has gone on there for at least a decade has had si...

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