Creative Accounting?

"Everton Football Club Women Limited has been in existence for over a decade, but it looks as if the new owners have set up a company which is linked to the women's team.

"Could it be that the current owners of Everton Football Club Women, which is Everton Football Club itself, could sell Everton FC Women to this new company which has been set up?

"You might say: 'Hold on, well surely that's just transferring things from the left hand to the right hand and overall we're no better off or there's no change?' But in the world of accounting it's very different.

"It could be this is being done for strategic, planning or tax reasons - or lots of other things.

"On the basis that Chelsea's women's team was sold for 20 times the amount of revenue it generated, if you take a look at the most recent accounts for Everton's women's team, that means you could probably sell that football club for somewhere in the region of £60-65m and if that was the case that would be pure profit - which goes into your PSR budget and would enhance the ability of Everton to compete in the transfer market."

You might be able to shuffle profit around the group, but if its the same owner, the tax man couldn't give a monkeys.

This is just a psr wheeze. Surprised uefa arent pushing back on it. We know the Premier league is complicit on these things.

Or even better, make up new rules that only punish Everton for having done it.

He's written a book on the subject: "The Price of Football", which I haven't read. I probably won't as the subject bores me when it goes into detail.

That thought did occur to me but Chelsea as far as I am aware are the only club to have gone down this road.

Reading it again and if Maguire is to believed... Chelsea sold their women's team to themselves for twenty times the revenue the women's team were generating.

Perhaps if the women's team isn't generating sufficient revenue... it's simply not an option worth pursuing?