Your/Swiss Ramble table is really helpful for us all to frame things.
Obviously it is not completed or accurate in some of the lines for MFC.
Infrastructure is Depreciation of Fixed Assets and figures are accurate.
Amortisation can not relate to players and could be misleading to people. Player amortisation is
not a FFP allowable deduction.
MFC do not have a Women's football team linked to the club.
There have been significant revaluation of fixed assets over the past three or four years which are not included above and are exclusions/add back ins for MFC. As unrealised revaluations, they are added in Reserves on Balance Sheet
The Fair Value adjustments section really relates to clubs like Watford who move players around common ownership, or clubs who ground share with other sporting clubs.
The EFL has agreed a code of allowable Covid deductions. Up to £5m for 19-20 and 20-2021 seasons and £2.5m for 21-2022 season. (The PL have obviously done something distinctly different for Everton to claim what they have).
Significantly the P&S Allowable Loss figures are accurate for the Championship, but only if the owner injects £8m per year in new equity, or loans £8m per year that will eventually convert to equity.
Everton is another remarkable FFP mystery. In fairness in the PL, the allowable losses are much bigger £35m per season and the offsetting equity injections allowable by owner much bigger than in the Championship.
However:
Their pre tax losses for the 3 years to June 2021 was £373m on a turnover of £567m.
Their Staff Costs alone were £507m or 89% of turnover.
Their Amortisation of Players was £276m, so another 49% of turnover.
Players cost them £783m in 3 years, or 138% of turnover.
To get within the £105m allowable loss to be FFP compliant, we are expected to believe that the combined Academy, Community, Womens, Covid claims, Finance Fees on New stadium/Training grounds, and Revaluation of Fixed Assets are £373m - £105m.
i.e. £268m.
There were
zero revaluations of Fixed Assets reflected in their accounts. There was
£27m spent on the new stadium across the 3 years, but none capitalised and the Finance is not documented.
Even if their Academy cost £6m per season and they spent £3m per season on Women and £2m per season on Community (estimated by a prominent fan poster) that is £33m,
so £235m short of the limit.
So to the jiggery pokery.
1. Like Stoke, Everton made pay offs to sacked staff and impairments to contracts totalling another
£62m. If we wrongly (as it contravenes amortisation guidelines in football) include that figure
then they are still £173m short.
2.
Their owner did inject £149m in loan classed as equity in 2019, which is way above the FFP allowable limit. Even with all of this
they are still £24m short of the max permissable loss over 3 years.
Their incredible defence seems to be that the 6 PL clubs that threatened to break away to form the European Super League means that no other club should be scrutinised.
They have also claimed incredible amounts for Covid disruption. Tens of millions per season. Bare in mind Everton's turnover has held up flat through Covid due to Broadcasting revenues and their Gate receipts/Ticket Sales were only £14m in 2019, half of West Ham and just over Leeds who were in the Championship.
It is absolutely rancid. FFP simply does not apply within the Premier League.
Aston Villa are similarly smelly.
I passionately hoped Everton went down and had to deal with the filth they have surrounded themselves in.
