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re: Everton get 10 point deduction
Posted on 11/22/23 at 10:21 pm to Wait For It...
Posted on 11/22/23 at 10:21 pm to Wait For It...
quote:
Sounds like you haven't read any of the report.
quote:
Everton, over three years beginning with 2019-20 and ending with 2021-22, lost £124.5 million ($155 million) in relevant areas, according to an independent Premier League commission that ruled on the case. It initially used fishy accounting to try to cover up that loss and avoid punishment. The Premier League cited that "misleading information," and argued that the real reasons for the losses were "that Everton overspent on players, and that it failed to take steps to reduce expenditure."
The commission concluded: "Everton’s [financial] difficulties are not attributable to the costs of the stadium development. ... The cause of Everton’s [] difficulties was the fact that it overspent (largely on its purchase of new players and its inability to sell other players), and because it finished lower in the league than it had projected in [2021-22] (16th against the projected 6th — causing a loss of expected income of £21 million)."
What else ya got, wonder bread?
Posted on 1/15/24 at 11:13 am to theGarnetWay
Apparently Everton and Nottingham Forest face more charges from the PL:
LINK
Luton can stay up just by watching teams above them get hammered by the PL.
quote:
Everton and Nottingham Forest have been charged with breaching Premier League Profitability and Sustainability Rules.
Premier League clubs are permitted to lose a maximum of £105m over a three-season period (£35m a season). Due to Forest spending two seasons in the Championship within the latest assessment period, the maximum loss they were permitted was £61m.
The Premier League says both clubs have confirmed they are in breach of the rules for the assessment period ending season 2022/23.
Their cases have now been referred to the chair of the judicial panel, who will appoint separate, independent commissions to determine the appropriate sanction. Punishments could include a fine, points deduction or other sporting sanction.
LINK
Luton can stay up just by watching teams above them get hammered by the PL.
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