Have Everton got away with their financial irregularities?

[It Is What It Is]

We are late submitting correct accounts and get slapped with a transfer ban.
Everton ride roughshod over their finances and not even a fine as I'm aware of as yet.
That could have had serious consequences for ourselves and Leeds.

[GodIsADeeJay81]

No they haven’t as yet
It’s still ongoing I believe and as a result of their dicking around the PL are changing the rules on when accounts have to be filed by etc

[ElectroClaret]

Think someone posted on here a while ago that their hearing is next month.

[Chester Perry]

We are late submitting correct accounts and get slapped with a transfer ban.
Everton ride roughshod over their finances and not even a fine as I'm aware of as yet.
That could have had serious consequences for ourselves and Leeds.

The hearing is apparently scheduled for next month - it will be behind closed doors - we will only hear about the judgement and not necessarily the reasons for that judgement - there have been talks in the last month about accelerating the process in the future to be heard within 3 months from the charges being made for the simple cases - however this would not cover all instances as the Manchester City case amply illustrates

[bfcjg]

Not holding out much hope of punishment and justice from the hearing. The Premier league have appointed the chair after seeking Everton's recommendations and in steps Mrs Gladys Street

[Ashingtonclaret46]

Not holding out much hope of punishment and justice from the hearing. The Premier league have appointed the chair after seeking Everton's recommendations and in steps Mrs Gladys Street

Is she related to Gwladys Street?

[Spijed]

Man city seem to be the ones getting away with it.

[bfcjg]

Is she related to Gwladys Street?

Auntie, however she chooses not to use the Welsh name for fear of being open to accusations of bias.

[bobinho]

In answer to the OP, yes.

By that I mean they may well have a case to answer, but the answers given will see punishment significantly less damaging than points deductions.

[Dassey]

The takeover rumour has strangely come at a time when it suits everton and the prem. You can see the headlines now " the club have given us certain assurances blah blah blah", they'll end up with a fine suspended, and threat of future points deduction.
Anything harsher reflects on the prem not keeping their house in order with chelsea and man city yet to be swept under the murky carpet.

[dsr]

We are late submitting correct accounts and get slapped with a transfer ban.
Everton ride roughshod over their finances and not even a fine as I'm aware of as yet.
That could have had serious consequences for ourselves and Leeds.

On the other hand, people at other clubs don't see our ban from signing players in April and May as a significant punishment!

[JarrowClaret]

We are late submitting correct accounts and get slapped with a transfer ban.
Everton ride roughshod over their finances and not even a fine as I'm aware of as yet.
That could have had serious consequences for ourselves and Leeds.

What happened to us is irrelevant 2 totally different organisations plus we missed a deadline whilst they are still being investigated.

[Spike]

Didn’t Burnley and Watford allegedly get a pay off to drop the lawsuit following relegation ?

[nil_desperandum]

On the other hand, people at other clubs don't see our ban from signing players in April and May as a significant punishment!

Well it actually wasn't significant because the window wasn't open. It assured however that we dealt promptly with the situation so that we could sign players as soon as the window opened. IMO, it was a sensible and appropriate sanction.
The only question would be whether such a sanction would be applied consistently to other clubs?

[theduke]

Evertons hearing is because of a tax issue regarding the stadium.

NOT due to their finances or breaking FFP

[Chester Perry]

Evertons hearing is because of a tax issue regarding the stadium.

NOT due to their finances or breaking FFP

That is intriguing because the Premier League have:
- not stated which rules have allegedly been broken
- only stated that it pertains to Profit and Sustainability rules in the season 2021/22

all the rules cited in the official statement refer to process

Official statement of the Everton Charges
https://www.premierleague.com/news/3120469

Premier League handbook 2022/23
https://resources.premierleague.com/pre ... _18.07.pdf

Premier League handbook 2021/22
https://resources.premierleague.com/pre ... _17.09.pdf

[theduke]

The BBC reported it and all top Everton journos like Paul Joyce, hunter etc also confirmed it and Alan Myers via SSN.

[aggi]

That is intriguing because the Premier League have:
- not stated which rules have allegedly been broken
- only stated that it pertains to Profit and Sustainability rules in the season 2021/22

all the rules cited in the official statement refer to process

Official statement of the Everton Charges
https://www.premierleague.com/news/3120469

Premier League handbook 2022/23
https://resources.premierleague.com/pre ... _18.07.pdf

Premier League handbook 2021/22
https://resources.premierleague.com/pre ... _17.09.pdf

That's how it was reported at the time

https://archive.ph/Q0uZg

The charge, which is understood to relate to a tax issue surrounding loans for the club’s new stadium at Bramley-Moore Dock, was levelled against Everton in March after the submission of their accounts for the 2021-22 campaign.

[dougcollins]

Nah, they'll get away with it. Always do.

[yTib]

modern footy is one big financial irregularity.

[KRBFC]

Who cares?

Chelsea have spent a billion in one year and not broke any rules, just bent them with longer contracts.

[matucana]

Would now appear so. PL were concerned about 777 takeover and wished to undertake some scrutiny. However Everton ploughed on and take over completed this morning leaving the PL impotent. PL may be quietly relieved that the financial irregularities were under a previous regime and that nothing need be actioned now.
Favourite sons survive yet again.

[ClaretTony]

Would now appear so. PL were concerned about 777 takeover and wished to undertake some scrutiny. However Everton ploughed on and take over completed this morning leaving the PL impotent. PL may be quietly relieved that the financial irregularities were under a previous regime and that nothing need be actioned now.
Favourite sons survive yet again.

They haven't taken over this morning, they've signed an agreement to purchase 94% of the club which is Moshiri's shareholding. The deal remains subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.

[matucana]

They haven't taken over this morning, they've signed an agreement to purchase 94% of the club which is Moshiri's shareholding. The deal remains subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.

Reports suggest it is as good as a done deal with Everton, Moshiri and 777 giving similar vibes. The regulatory scrutiny will be minimal. A new stadium for the PL and FA beckons.

[ClaretTony]

Reports suggest it is as good as a done deal with Everton, Moshiri and 777 giving similar vibes. The regulatory scrutiny will be minimal. A new stadium for the PL and FA beckons.

The new owners will need to be passed by the PL so it's not as good as done.

[dsr]

Would now appear so. PL were concerned about 777 takeover and wished to undertake some scrutiny. However Everton ploughed on and take over completed this morning leaving the PL impotent. PL may be quietly relieved that the financial irregularities were under a previous regime and that nothing need be actioned now.
Favourite sons survive yet again.

It shouldn't matter which regime the irregularities were under. It's the legal entity of Everton FC that is in the dock, not the owners.

[ClaretTony]

It shouldn't matter which regime the irregularities were under. It's the legal entity of Everton FC that is in the dock, not the owners.

It doesn't matter at all and that will continue as planned

[colner]

If EFC get new owners,it will be interesting to see how long it will be before Dychey gets potted

[bfcjg]

Seventon will get of lightly, these people wouldn't be coming in if there was a sniff of a points deduction and subsequent relegation, they'll of had off the record assurances without a doubt. Don't ask Merseyside police to look at any potential corruption those plodder are still examing Richarlison videos to see if an offence of throwing a flare was committed.

[ClaretTony]

If EFC get new owners,it will be interesting to see how long it will be before Dychey gets potted

Maybe his job could just be more secure than it has been under Mashiri

[GodIsADeeJay81]

Seventon will get of lightly, these people wouldn't be coming in if there was a sniff of a points deduction and subsequent relegation, they'll of had off the record assurances without a doubt. Don't ask Merseyside police to look at any potential corruption those plodder are still examing Richarlison videos to see if an offence of throwing a flare was committed.

They may view relegation similar to our owners
A chance to clear out and start afresh because Everton have got some dross there

[bfcjg]

Hmm, might not happen.
https://www.telegraph.co.uk/football/20 ... asketball/

[Colburn_Claret]

My brother said there was a report on Sky News, that a couple of creditors to Moshiri/ Everton, have a clause that in the event of any sale they would be entitled to the loans being repaid in full.
They don't want the debt passing on to 777.
Moshiri has said he can't afford to pay them off, and if they scupper the sale he will refuse to invest any more money to EFC.
It has all the hallmarks of another disaster.

[4midable]

My brother said there was a report on Sky News, that a couple of creditors to Moshiri/ Everton, have a clause that in the event of any sale they would be entitled to the loans being repaid in full.
They don't want the debt passing on to 777.
Moshiri has said he can't afford to pay them off, and if they scupper the sale he will refuse to invest any more money to EFC.
It has all the hallmarks of another disaster.

Excellent

[BabylonClaret]

If it does go through they could repeat Newcastle's trajectory from the season we went down

[bfcjg]

If it does go through they could repeat Newcastle's trajectory from the season we went down

I doubt that very very much !

[Superjohnnyfrancis]

I am just waiting for the man city verdict that they have done nothing wrong, then i will **** my sides, Everton is small fry compared to them.

Theres going to be some seriously rich premier league staff in the next few years...

[dsr]

If it does go through they could repeat Newcastle's trajectory from the season we went down

American investment companies tend to want to take money out, not put it in. That's the way American sports ownership tends to work - with a view to making a profit.

[Cheshireclaret]

My wife’s family are Everton fans and they’ve said the 777 outfit are known as asset strippers. They’re not enthused one jot, albeit they’ve pointed out they don’t have any assets to strip, so they rather tongue in cheek said it can’t be any worse. Their best hope is they move to the new ground and that then attracts bigger, better investment.

What happens between now and then, however, will be extremely interesting……..

[DCWat]

https://x.com/stevebrown_sb/status/1724 ... i8EoWLNChQ

[quoonbeatz]

Looks like they'll be bottom for a week.

Lol etc

[dougcollins]

My wife’s family are Everton fans and they’ve said the 777 outfit are known as asset strippers. They’re not enthused one jot, albeit they’ve pointed out they don’t have any assets to strip, so they rather tongue in cheek said it can’t be any worse. Their best hope is they move to the new ground and that then attracts bigger, better investment.

What happens between now and then, however, will be extremely interesting……..

Bigger, better asset strippers.

[Chester Perry]

https://x.com/stevebrown_sb/status/1724 ... i8EoWLNChQ

If true - what happens to Manchester City if they are found guilty of all 122 charges against them

[Westleigh]

If true - what happens to Manchester City if they are found guilty of all 122 charges against them

F ck All

[bumba]

https://x.com/stevebrown_sb/status/1724 ... i8EoWLNChQ

There doing much better now under Dyche, they'd still finish 15 PTS clear of us with a deduction

[bumba]

If true - what happens to Manchester City if they are found guilty of all 122 charges against them

If they've got some balls City should be dropped to League 2 minimum

[RVclaret]

https://x.com/stevebrown_sb/status/1724 ... i8EoWLNChQ

This is a fake troll account unfortunately, check his previous ‘exclusives’.

[aggi]

My wife’s family are Everton fans and they’ve said the 777 outfit are known as asset strippers. They’re not enthused one jot, albeit they’ve pointed out they don’t have any assets to strip, so they rather tongue in cheek said it can’t be any worse. Their best hope is they move to the new ground and that then attracts bigger, better investment.

What happens between now and then, however, will be extremely interesting……..

From what I know of them I wouldn't describe 777 as asset strippers. But they may drive the club into the ground trying to turn a profit so probably not that important a distinction for the fans.

[Dark Cloud]

Is she related to Gwladys Street?

It was still funny though!!

[Nonayforever]

Don't know why we don't just splurge £1bn out on players etc and tell all and sundry the accounts are delayed for a decade.
Nowt will happen.