02/03/2024 11comments  |  Jump to last

Everton’s interim Chief Executive Officer, Colin Chong, has insisted the club is preparing "the most robust case possible" against a second alleged breach of the Premier League's Profitability and Sustainability Rules.

“A great deal of time has passed since the decision of the first commission was handed down and that period has also led to much uncertainty. I would like to put on record my thanks to the many organised supporter groups and the wider fanbase for their passionate backing of the club and the team during these challenging times.

“I am also grateful for your patience and understanding throughout the process – and the proactive role the Fan Advisory Board played in submitting a statement to the appeal board which made very clear the impact on supporters.

"We had no option but to appeal what we felt was an unjustified points deduction. But whilst navigating the legal process, and respecting that process in building what we felt was a compelling case for appeal, the uncertainty most definitely had an impact on everybody across the club.

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“The amazing support and backing of fans for the team and the club was crucial amid such uncertainty. Both at Goodison Park and in every game away from home, the support, backing, passion and commitment of every fan for the club has never ceased to blow me away. It is what makes our club so special, and so admired.”

With respect to the ongoing preparatory work being done ahead of the second PSR hearing, Chong explained that "Premier League rules and legal guidance does not permit me, or the club, to share any details at this stage of the second commission hearing, or the arguments that will be put forward. However, I assure you we will prepare the most robust case possible in our defence."

» Read the full article at Liverpool Echo



Reader Comments (11)

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Paul Hewitt
1 Posted 02/03/2024 at 13:35:35
See Wolves have lost £114 million over the last 3 seasons, but won't be punished. They claim playing a player's contract up took them over. Seems the Premier League agree.
Brendan McLaughlin
2 Posted 02/03/2024 at 14:00:08
Paul,

I think that's Wolves' overall loss figure. After allowable deductions (youth, women's football etc) they are within the £105 million limit.

Paul Ferry
3 Posted 03/03/2024 at 01:32:51

Did anyone else read this on the BBC Saturday footy pages? It really is starting to look like one rule for us and another for. well, not even the Sky six or seven.

"Wolves look set to avoid breaches of Premier League spending rules despite recording a loss of £67.2m for the financial year to 31 May 2023.

That figure follows on from a loss of £46.1m for the previous 12 months.

Former boss Julen Lopetegui was not allowed to spend heavily last summer, as Wolves tried to stay within Premier League profit and sustainability rules.

Clubs can lose a maximum of £105m over a rolling three-season period, or £35m per campaign, before facing sanctions.

Any clubs breaching those rules are at risk of a fine or a points deduction".

Will Mabon
4 Posted 03/03/2024 at 01:45:53
Paul,

I read it.

Obviously there's some esoteric nuance that we northern types don't understand; details are bare.

More to dig up tomorrow I think.

Paul Ferry
5 Posted 03/03/2024 at 01:51:36
I was horrified, Will.

Like you, I'm intrigued and looking forward to what the North Quay lads and lasses will have to say about this beaut.

Kieran Kinsella
6 Posted 03/03/2024 at 01:54:54
Paul

It's a 3-year toll so presumable they avoided it because in the other year they had a profit.

More importantly, I'm watching this movie that's making me feel a lot better about Everton's situation. Close Encounters. These aliens pop down and drop off a bunch of people they kidnapped years ago.

So, on the one hand, if the aliens drop in at Goodison, the whole relegation drama doesn't seem so important. On the other hand, if they drop off people who haven't aged that they scooped up years ago, I'm hoping Dixie Dean, Tommy Lawton and Dave Hickson drop in before our next home game.

Paul Ferry
7 Posted 03/03/2024 at 02:05:21
Ah, thanks for that Kieran.
Will Mabon
8 Posted 03/03/2024 at 02:27:59
Yes, must be the year 3 thing – not mentioned anywhere, had a quick look but most have just re-posted from the BBC article.
Michael Kenrick
9 Posted 03/03/2024 at 09:15:45
Paul @3,

"It really is starting to look like one rule for us and another for. well, not even the Sky six or seven."

At last! Clear evidence that the Premier League is indeed corrupt!

Or is it...? For those seeking greater clarity, this article at The Athletic explains that these are gross losses before the PSR allowances are deducted.

Wolves accounts explained: £67m loss and what it means for PSR compliance

Brent Stephens
10 Posted 03/03/2024 at 10:13:14
Chong explained that "Premier League rules and legal guidance does not permit me, or the club, to share any details at this stage of the second commission hearing, or the arguments that will be put forward."

I wasn't aware of that embargo on comment from the club (presumably prior to being formally charged). I think we need to keep that in mind when looking to criticise the club for apparently not telling fans what is going on.

And also keep in mind the important point about above gross spend not being the measure used in the PSR calculations – that gross spend figure being something else we just need to be patient about.

Michael Kenrick
11 Posted 03/03/2024 at 10:28:12
Sensible post, Brent @10.

I think Chong's comment reflects the confidential nature of the hearings, which is something that is written into the rules and therefore (by inference) supported at some point by the super-majority of Premier League clubs.

It would make no sense for the club to spout out what exactly they would be building their case on for the next hearing.

What actually surprised me is that they made the decision to publish the independent commission's decision document straight away back in November. It was very much the right thing to do but did not seem to be in line with the way the Premier League rules were written.

But that doesn't stop fans screaming "Lack of Transparency!" "Corruption!!" and "You don't know what you're doing!!!"

As for fans expecting to be spoon-fed with every facet of exactly what the club is doing, presumably on a day-to-day basis... is that what people really expect?

As a shareholder (*cough*), I expect them to behave professionally and with the appropriate level of business discretion in their public discourse. I think we're seeing that more now after the death and dismissal of the old guard.


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