The £20m being bandied about is misleading. The profit and sustainability rules target is £0 lost. The £105m (or whatever it is) allowed loss is just that, it’s an allowed loss, like an overdraft on your back account. It is designed to give clubs wiggle room, not a target loss to achieve. So going over that is very serious.
Everton have acted like someone who sees that they are into their overdraft but jewel on spending when they should not. Now they are acting all surprised when the bank his them with a penalty.
Also some of the excuses Everton have given are laughable. The covid losses they posted DWARF all other clubs.
The amount of points given as a penalty can probably be argued bit the ‘only £20m over’ argument is completely fallacious.
No shit do the covid losses dwarf over every other club. We’re building a fucking stadium which they included in the accounting even though it gives no competitive advantage over other clubs. We have also seen half of the money being put into the club cut off with USM’s assets being frozen. We have made the most money out of transfer fees out of any other club in the League and now the League is changing the rules to turn it into a one year period instead of three.
It was an open secret that Everton were being financed by the Russian in an unsustainable fashion (if that was NOT the case, why were Everton unable to find alternative sponsors to a comparable level?).
The PS rules are there to ensure that clubs are sustainable in of themselves and not be reliant in external benefactors.
The £20m being bandied about is misleading. The profit and sustainability rules target is £0 lost. The £105m (or whatever it is) allowed loss is just that, it’s an allowed loss, like an overdraft on your back account. It is designed to give clubs wiggle room, not a target loss to achieve. So going over that is very serious.
Everton have acted like someone who sees that they are into their overdraft but jewel on spending when they should not. Now they are acting all surprised when the bank his them with a penalty.
Also some of the excuses Everton have given are laughable. The covid losses they posted DWARF all other clubs.
The amount of points given as a penalty can probably be argued bit the ‘only £20m over’ argument is completely fallacious.
No shit do the covid losses dwarf over every other club. We’re building a fucking stadium which they included in the accounting even though it gives no competitive advantage over other clubs. We have also seen half of the money being put into the club cut off with USM’s assets being frozen. We have made the most money out of transfer fees out of any other club in the League and now the League is changing the rules to turn it into a one year period instead of three.
It was an open secret that Everton were being financed by the Russian in an unsustainable fashion (if that was NOT the case, why were Everton unable to find alternative sponsors to a comparable level?).
The PS rules are there to ensure that clubs are sustainable in of themselves and not be reliant in external benefactors.