Leicester City £100m action plan revealed in worst-case scenario

[st albans fox]

2 hours ago, gurru991 said:

I think scaring away 777 would be doing Everton fans a favour !!

I am surprised that any one would consider purchasing the club when they could be facing a possible points deduction & pending lawsuit.

Unless  777 are a conduit for moshiri/usmanov money ???

[The Doctor]

1 hour ago, CosbehFox said:

The cash genuinely isn’t there to give out if successful. Football’s finances are so wrapped in loans and  debt. You just end up trying to make Everton bust 

I mean, they'd probably not be in such a precarious position if they'd actually followed the rules. Sucks for the fans but the club leadership brought this on themselves.

[Strokes]

1 hour ago, CosbehFox said:

The cash genuinely isn’t there to give out if successful. Football’s finances are so wrapped in loans and  debt. You just end up trying to make Everton bust 

I’d happily take that as a funny consolation prize.

[sylofox]

1 hour ago, Basildon Fox said:

Surely the case should be against the Premier League for lack of enforcement on the laws and the time it has taken. 

 

Everton have been allowed to over-commit for a number of years and nothing was done.

 

A settlement for missing out on the top 4 as well as the relegation due to lack of action must be addressed.

A premier league rule no member can take it to court. Anyone that does is expelled or refused admission.

[gurru991]

56 minutes ago, The Doctor said:

I mean, they'd probably not be in such a precarious position if they'd actually followed the rules. Sucks for the fans but the club leadership brought this on themselves.

There is absolutely no doubt that the club made a massive cock up of things and unfortunately it’s the fans who suffer. Too many zillionaires think it would be fun to own a football club but then don’t have a scooby as to how to run it.

 

[Guest Basildon Fox]

2 hours ago, sylofox said:

A premier league rule no member can take it to court. Anyone that does is expelled or refused admission.

Really? How can that even be legal?

[sylofox]

5 minutes ago, Basildon Fox said:

Really? How can that even be legal?

Rule of the club or something.

 

If you want to play you do it by our rules.

[Clever Fox]

2 hours ago, gurru991 said:

There is absolutely no doubt that the club made a massive cock up of things and unfortunately it’s the fans who suffer. Too many zillionaires think it would be fun to own a football club but then don’t have a scooby as to how to run it.

 

No they didn't, It was the Accident that has us where we are. It's a totally new dynamic running the Club now.

[gurru991]

8 minutes ago, Clever Fox said:

No they didn't, It was the Accident that has us where we are. It's a totally new dynamic running the Club now.

We were discussing Everton 

[Clever Fox]

1 hour ago, gurru991 said:

We were discussing Everton 

Thanks, But I hate Everton anyway. They deserve what they get.

[FrankieADZ]

reports in the daily mail that Everton's debts have hit £1billion

 

take it with a pinch of salt but jesus, id be surprised if they get hit with an FFP charge, probably go light on them

[sacreblueits442]

On 04/10/2023 at 18:57, gurru991 said:

There is absolutely no doubt that the club made a massive cock up of things and unfortunately it’s the fans who suffer. Too many zillionaires think it would be fun to own a football club but then don’t have a scooby as to how to run it.

 

...the F.A. had an easy way out of this, dock them 15 points before the start of the season!!!

Justice would (in their eyes) have appeared to have been done and the matter closed.

[gurru991]

50 minutes ago, sacreblueits442 said:

...the F.A. had an easy way out of this, dock them 15 points before the start of the season!!!

Justice would (in their eyes) have appeared to have been done and the matter closed.

The F.A can't do any thing until the audit is completed. The bitch is that it takes over a year to work out if they cheated or not. This is something that needed to be dealt with in an expeditious manner so that clubs that were affected by Everton cheating didn't get relegated.  Yet again the FA cocks it up !!

[urban.spaceman]

Their hearing is tomorrow, BTW.

[urban.spaceman]

 

[Les-TA-Jon]

45 minutes ago, urban.spaceman said:

 

Which seasons/timeframe are they being investigated for? 

[lcfc_forever]

1 hour ago, urban.spaceman said:

 

The PL is so weak this year - you've got nine clubs that are clearly above the rest, and relatively poor sides being promoted.

 

If they do get a 12-point hit,  annoyingly their chances would be a lot higher of staying up this season compared to the previous one. 

[urban.spaceman]

6 hours ago, Les-TA-Jon said:

Which seasons/timeframe are they being investigated for? 

Last 5 basically. Clubs are allowed to lose £105m over 3 seasons, and over the last 5 they’ve lost £430m. 

[Paninistickers]

So, if the PL recommendation is taken on by the independent committee, we use the arses off them for lost revenue, right? 

 

Open and shut case.

Edited 26 October 2023 by Paninistickers
Open shut

[coolhandfox]

Just now, Paninistickers said:

So, if the PL recommendation is taken on by the independent committee, we use the arses off them for lost revenue, right? 

Possible.

 

Or we reach an out-of-court settlement. like West Ham did with Sheff Utd when they broke the rules of Tevez and Sheffield Utd got relegated.  Sheffield United and West Ham agree £20m compensation over Tevez affair | West Ham United | The Guardian which took 2 years to sort out. 

[Paninistickers]

32 minutes ago, coolhandfox said:

Possible.

 

Or we reach an out-of-court settlement. like West Ham did with Sheff Utd when they broke the rules of Tevez and Sheffield Utd got relegated.  Sheffield United and West Ham agree £20m compensation over Tevez affair | West Ham United | The Guardian which took 2 years to sort out. 

Agree, but it all starts with a claim. Lost TV money, lost shirt sponsorship, lost other commercial revenues, devaluation of Barnes and Madders. It'll be a good two or three years as you say to reach a compromise, but 40m+ would do nicely you'd think

Edited 26 October 2023 by Paninistickers
Tv

[filbertway]

1 minute ago, Paninistickers said:

Agree, but it all starts with a claim. Lost TV money, lost shirt sponsorship, lost other commercial revenues, devaluation of Barnes and Madders. It'll be a good two or three years as you say to reach a compromise, but 40m+ would do nicely you'd think

Not sure what value there is in sueing a club with no money

[Paninistickers]

3 minutes ago, filbertway said:

Not sure what value there is in sueing a club with no money

I find it unlikely they will dissolve themselves to avoid paying 

[HighPeakFox]

43 minutes ago, Paninistickers said:

So, if the PL recommendation is taken on by the independent committee, we use the arses 

Unusual methodology. 

[coolhandfox]

52 minutes ago, filbertway said:

Not sure what value there is in sueing a club with no money

If we didn't pay the Cannon fee upfront, we could wipe any payments out.

 

They also have assets, training ground which they could mortgage like we did with our ground when we went into administration.

 

They have players they can sell etc.

 

West paid Sheffield U 5m a year for 5 years.