Whilst I don’t disagree with your point that there was a string of poor decision making regarding transfers, that’s not the reason we’re in this mess. We’re building a new stadium and one of the main investors had to be ousted (Russia/Ukraine war, you can suss it out).
This, on top of an already poor financial situation, thanks to our wonderful owner Fahrad Moshiri, are what led to the current situation.
Stadium work doesn’t really count towards FFP and Usmanov was funneling money through the stadium, like that bogus fee given to have first rejection on naming rights.
You are half right (and also half wrong 😬) about the stadium work. The PL changed the rules halfway through the period Everton were assessed for. One year they were allowed to set aside the interest payments on loans for the new stadium but the next year they weren’t allowed to set these aside. The PL could at least try to keep their rules consistent.
Whilst I don’t disagree with your point that there was a string of poor decision making regarding transfers, that’s not the reason we’re in this mess. We’re building a new stadium and one of the main investors had to be ousted (Russia/Ukraine war, you can suss it out). This, on top of an already poor financial situation, thanks to our wonderful owner Fahrad Moshiri, are what led to the current situation.
Stadium work doesn’t really count towards FFP and Usmanov was funneling money through the stadium, like that bogus fee given to have first rejection on naming rights.
You are half right (and also half wrong 😬) about the stadium work. The PL changed the rules halfway through the period Everton were assessed for. One year they were allowed to set aside the interest payments on loans for the new stadium but the next year they weren’t allowed to set these aside. The PL could at least try to keep their rules consistent.