The NSNO Everton Forums

superpull wrote: ↑Thu Mar 07, 2024 7:10 am Hang on, don't accounts follow the financial year?

Always thought it was April to March and that's why season tickets go on sale so early, because one year somebody wanted to boost the current year's accounts and so they were stuck in th cycle (back in the day before direct debits and loans against future sales etc)

The tax year is April-april. Companies can have different accounting years. My work for instance is June- June.

You Could be slightly right about ST in that it was brought forward to hit some sort of tax threshold.

The tax year is 5th April - 31st March..However a financial year for a business can basically be any month to any month depending on when they first register the business wit Companies House. My business is 1st October to 30 September. Problem with this is it makes the tax accounting "fiddly" because the company year end doesn't correspond with the tax year end.

I would think we are going to be in danger of breaching every year now for the foreseeable. Just wonder how you keep on adding punishments when the new offences are down to just being in serious financial trouble rather than any overspending

4evablu wrote: ↑Thu Mar 07, 2024 9:23 am The tax year is 5th April - 31st March..However a financial year for a business can basically be any month to any month depending on when they first register the business wit Companies House. My business is 1st October to 30 September. Problem with this is it makes the tax accounting "fiddly" because the company year end doesn't correspond with the tax year end.

Ah good, so the days between March 31st and April 5th are the days we don't pay any tax at all?

Gash wrote: ↑Thu Mar 07, 2024 10:13 am Ah good, so the days between March 31st and April 5th are the days we don't pay any tax at all?

Course ye do..if it's not taxed or licenced its illegal in this country.....dunno why it's the 5th of April TBH but it is.....

Gash wrote: ↑Thu Mar 07, 2024 10:13 am Ah good, so the days between March 31st and April 5th are the days we don't pay any tax at all?

They are tax free days in which you can make all of your income and realise any capital gains in that 5 days and then not have to pay any income tax or CGT ever again.

4evablu wrote: ↑Thu Mar 07, 2024 11:23 am Course ye do..if it's not taxed or licenced its illegal in this country.....dunno why it's the 5th of April TBH but it is.....

It's the 6th and it runs to the 5th of April the following year, hence my attempt at humour. No idea who came up with those dates though.

Toffee1 wrote: ↑Thu Mar 07, 2024 1:02 pm

Blueco itself, which also owns French Ligue 1 side Strasbourg, recorded losses of £653m from its founding in March 2022 up to June 2023.

Real sustainable football business going on behind the scenes at Chelsea… how have they managed to gloss over the other £550m+ losses??

brap2 wrote: ↑Wed Mar 06, 2024 10:36 pm The twitter finance fella saying we are at risk for 23/24 as well, which I suppose makes sense if our last accounts were a heavy enough loss.

When do we get out of this? How do we get out of it?

A sale in June?

I think it's likely there's a sale in June. I'm struggling to figure out how we fell foul of PSR rules last year when we sold Gordon for £45m and Kean for £30m. We had some incoming but still should have been a profit of £50m or so.

Impacts of transfer fees this year would be:

Beto - £25m/5
Chermiti - £12.5m/5
Danjuma - £3m/1

Outgoings would be:
Iwobi - £22m
Gray - £8m
Cannon - £7m
Simms - €5m
Nkounkou - £2m
Ish-smith - £2m

So we should be up when we account for amortization. Of course, amortization means previously purchased players impact the results as well. I get the impression we need to turn a £50m+ a year profit from player trading to not fall foul of PSR. Maybe we get away with selling someone like Keane or Godfrey, get some dough for Maupay and another academy kid?

Still need some right-sizing of our wages. Dele and Gomes dropped off and maybe we get 1 or 2 in to replace them as squad fillers on 1/3 the wages. Until our revenue goes up, and interest costs go down, the squad will be paper thin and we'll need some sort of sale every year.

Cantoffee wrote: ↑Thu Mar 07, 2024 1:17 pm I think it's likely there's a sale in June. I'm struggling to figure out how we fell foul of PSR rules last year when we sold Gordon for £45m and Kean for £30m. We had some incoming but still should have been a profit of £50m or so.

Impacts of transfer fees this year would be:

Beto - £25m/5
Chermiti - £12.5m/5
Danjuma - £3m/1

Outgoings would be:
Iwobi - £22m
Gray - £8m
Cannon - £7m
Simms - €5m
Nkounkou - £2m
Ish-smith - £2m

So we should be up when we account for amortization. Of course, amortization means previously purchased players impact the results as well. I get the impression we need to turn a £50m+ a year profit from player trading to not fall foul of PSR. Maybe we get away with selling someone like Keane or Godfrey, get some dough for Maupay and another academy kid?

Still need some right-sizing of our wages. Dele and Gomes dropped off and maybe we get 1 or 2 in to replace them as squad fillers on 1/3 the wages. Until our revenue goes up, and interest costs go down, the squad will be paper thin and we'll need some sort of sale every year.

Accounts should be out this month but likely it's loan interest I would think (hence the club referencing the appeal in their acknowledgement of the second charge).

Worry is it must be a decent sized loss, which then ends up sitting on the ledger for the next three years. We're dropping big losses off one end and adding them on the other!

Echo baiting responses as per usual but -



- £19m youth, women's game
- £13m infrastructure
Plus probably more, including a year of profit in 20/21 and around £56m deducted for covid losses

They're fine, their revenue is growing also, play possibly CL and all that brings? They're fine.

Chelsea - £300+m lost over three years, but the best pure profit making academy in the country propping it up through player profit sales. Expect more sales from them, and then the race is on to develop and sell academy products quicker than they can be hamstrung by their large losses.

Its mental the amount of losses that are just accepted. It should be you spend what you earn, or your owner puts in as capital investment. Loans aren't allowed from 3rd parties for anything other than infrastructure investment secured against that item[Like a stadium, or a training ground]. Thats it. No advance on media rights, nothing.

It'd bring transfer fees down. It'd bring wages down. It'd be fucking rough for a few years whilst everything sorts itself out, but its the way it should be.

brap2 wrote: ↑Thu Mar 07, 2024 1:35 pm Echo baiting responses as per usual but -



- £19m youth, women's game
- £13m infrastructure
Plus probably more, including a year of profit in 20/21 and around £56m deducted for covid losses

They're fine, their revenue is growing also, play possibly CL and all that brings? They're fine.

Chelsea - £300+m lost over three years, but the best pure profit making academy in the country propping it up through player profit sales. Expect more sales from them, and then the race is on to develop and sell academy products quicker than they can be hamstrung by their large losses.

Good to see that transfer ban for tapping up youth players was an adequate punishment. "Something... Something... Sporting advantage"

There's isn't a hope in hell Chelsea or any other top 6 are given a punishment that affects then.