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Football Finance

If they are even given the slightest penalty any time anyone mentions their achievements it will be associated with that guilty verdict.

It’s better for the league to severly punish them. It’s the only way they can save face.

If they allow politics to get involved it is the end of the premier league.

It won’t happen - they’ll be fined for failing to help or something and the rest will be “unestablished” or something - it’ll be enough for the Premier League to see they took the issue seriously and Nan City to claim they were vindicated and did nothing wrong.

Be even better for both if the new “independent” regulator was the one that pulled the pin on…. After a non-related “trade trip” to Abu Dhabi obviously.
 
LOL. There was also a story on the BBC yesterday that one of 777's main funders was suing them in New York for pledging security over assets that either didn't exist or which they didn't own. They accuse 777 of "operating a giant shell game at best, and an outright Ponzi scheme at worst, that takes money in from investors and lenders and shuffles it around to various money-losing alter egos in the enterprise to disguise their true financial condition."
 
Forest's appeal against their points deduction was unsuccessful. I'm not surprised by this. The second Everton decision was very critical of the Forest decision, implying it was unduly lenient. I even wondered whether they might have been given a harsher penalty on appeal, reflecting that the original decision was a bad one, but I'm guessing the appeal commission thought that would have been too harsh.
Shame really, it would have been funny as fuck.
 
Looks like Moshiri may be about to abandon 777's bid - Articles from the you know what publication in the you know where place have been added
 
If Everton beat Sheff Utd tomorrow, they'll have enough points to go into administration next week and not be relegated.
And fair play to Dyche, that's a fucking miraculous achievement in the circumstances.
 
Looks like Moshiri may be about to abandon 777's bid - Articles from the you know what publication in the you know where place have been added
Those articles look pretty spot on to me. I'd been giving this some thought just this morning and came to very similar conclusions. Also worth noting that the BBC is saying 777 have called in restructuring experts as well.
The only thing making me doubt whether Everton will go into administration next week, assuming they have the 9-point buffer, is the knowledge that Moshiri / Usmanov are into the club for nearly £1bn, and if they go into administration there's a good chance they'll get next to nothing back. With Everton having a three-person board of directors, and Moshiri potentially voting against administration, it will need the other two directors to grow a pair to vote in favour and make it happen. And if they indicate they're going to do that, Moshiri can probably sack them before they do. But if they don't, and it's in the club's best interests that they do, they could become personally and criminally liable in the event of insolvency.
So basically, it needs Moshiri to admit he's lost the lot and do the right thing by the club / company. I'm not sure he will. Board shenanigans may follow.
 
Those articles look pretty spot on to me. I'd been giving this some thought just this morning and came to very similar conclusions. Also worth noting that the BBC is saying 777 have called in restructuring experts as well.
The only thing making me doubt whether Everton will go into administration next week, assuming they have the 9-point buffer, is the knowledge that Moshiri / Usmanov are into the club for nearly £1bn, and if they go into administration there's a good chance they'll get next to nothing back. With Everton having a three-person board of directors, and Moshiri potentially voting against administration, it will need the other two directors to grow a pair to vote in favour and make it happen. And if they indicate they're going to do that, Moshiri can probably sack them before they do. But if they don't, and it's in the club's best interests that they do, they could become personally and criminally liable in the event of insolvency.
So basically, it needs Moshiri to admit he's lost the lot and do the right thing by the club / company. I'm not sure he will. Board shenanigans may follow.

Hopefully they can string it out until after the season and then have the admin penalty apply next season… after they’ve sold what decent players they have (I’m pushing it by suggesting plural), then more points deducted again for breaking FFP.
 
Hopefully they can string it out until after the season and then have the admin penalty apply next season… after they’ve sold what decent players they have (I’m pushing it by suggesting plural), then more points deducted again for breaking FFP.
That would be a dream start to the season
 

It’s a fucking joke. The PL said they were looking into their last PSR return when they sold the car park / hotel, but my take is that wasn’t against the rules. This wouldn’t be either. But it should be. They need to change the rules asap to block this and if they decide they can’t do Chelsea for this year and last because they haven’t strictly broken the rules then they need to absolutely hammer them for the historic stuff during the Abramovich era. And if I were the PL, I’d be picking up the phone right now and telling them that - sort your shit out or we’ll come for you for what the Russian did.
 
It’s a fucking joke. The PL said they were looking into their last PSR return when they sold the car park / hotel, but my take is that wasn’t against the rules. This wouldn’t be either. But it should be. They need to change the rules asap to block this and if they decide they can’t do Chelsea for this year and last because they haven’t strictly broken the rules then they need to absolutely hammer them for the historic stuff during the Abramovich era. And if I were the PL, I’d be picking up the phone right now and telling them that - sort your shit out or we’ll come for you for what the Russian did.

It’s an utter fucking joke that Forrest can get done for holding off selling a player for a few months and getting done for bit, while Chelsea can tip-toe round it all by selling themselves their own assets to book a profit.

The next stage is selling key players to their other teams and loaning them back - they’ll be doing that next, no question.

Wait till Strasbourg suddenly buy Conor Gallagher for £200m and loan him back on zero wages.
 
It’s an utter fucking joke that Forrest can get done for holding off selling a player for a few months and getting done for bit, while Chelsea can tip-toe round it all by selling themselves their own assets to book a profit.

The next stage is selling key players to their other teams and loaning them back - they’ll be doing that next, no question.

Wait till Strasbourg suddenly buy Conor Gallagher for £200m and loan him back on zero wages.
Yep. The idea that Chelsea and others can get away with things because they have a complex corporate structure and can exploit loopholes in the rules while smaller, more transparent operations get punished is ridiculous. No-one prohibited this kind of thing because they didn't expect anyone would take the piss to this extent. But to be honest this should have been anticipated. EFL teams have been doing this kind of shit with sale and leaseback of their grounds for years.
The sales to related teams thing would, in theory, be countered by the requirement in the rules for market value pricing between connected parties. If you recall, there was a similar concern about Newcastle selling players to clubs owned by the PIF last summer. The only one they did sell (Saint-Maximin) actually went for what looked like a fair price.
 
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