The NSNO Everton Forums

weimaranerblues wrote: ↑Sat Mar 02, 2024 11:22 am Wolves escape breach despite big losses for the last two seasons.
£67.2m
£46.1m
https://www.bbc.co.uk/sport/football/68456113

Surely this is an indicator that a tonne of other clubs must have been very close to breaching.

But the key difference is that they took the required steps to make sure they didn't breach.

Surely what's now going to happen is the elite will now pick off more players and even cheaper as the rest get desperate to keep the right side of ffp. So they'll be financially worse off and less competitive l. While the elite few get even stronger and it costs them less to do it.

Cozzie wrote: ↑Sat Mar 02, 2024 11:34 am Surely this is an indicator that a tonne of other clubs must have been very close to breaching.

Remember this is just the accounts, the clubs then submit with mitigating factors e.g. spend on womens game, spend on youth, stadium, blah blah blah.

You could lose 300m in the accounts as long as there are mitigating factors. We had lots and lots written off, just not enough.

It's embarrassing that our owner was a fn accountant..

Sirblue57 wrote: ↑Sun Mar 03, 2024 12:46 pm It's embarrassing that our owner was a fn accountant..

An “accountant” in the sense he is a gormless puppet used to launder a billionaires dodgy money

I see the Esk days our external debt is costing us £3.6million a month and rising.

Likely rates are 12%ish on average. Given rates have been coming down and we'll be able to secure against the stadium should see those costs drop by more than half once we can re-finance.

£25M-£30M a year in savings plus increased revenue. Might take a few years and rely on us staying in the league but will completely change our financial situation.

Same shit different month

Trowel wrote: ↑Mon Mar 04, 2024 6:58 pm Same shit different month

I wonder how true that is or if 777 are leaking false info to put pressure on the Premier League to ratify the deal.

Cereal Killer wrote: An “accountant” in the sense he is a gormless puppet used to launder a billionaires dodgy money

He did like 20 years in actual accounting for EY and Deloitte before the Russian money train pulled in tbf

A ridiculously high loss like

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