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Chester Perry

Meanwhile this article shows that 777 Partners are still in discussion with the Premier League - no doubt abut the schedule they have been given if approval is to be granted - the article primarily focuses on the long list of on and off field challenges that Everton faces in the month, perhaps one o...

Chester Perry

aggi wrote: ↑
Sat Apr 06, 2024 9:54 am
This should be a link to the full version
https://sphinx.acast.com/p/open/s/6464c ... /media.mp3

thanks, but still getting the 25 seconds only even after ctrl f5

Chester Perry

It has not been discussed much, but with the board of Everton abdicating last summer - with fat pay outs and not making themselves available for the independent commission hearings - along with the named owner doing the same in terms of his financial responsibility for the mess he largely created (...

Chester Perry

Looks like it might be cached - CTRL and F5 (or the refresh arrow on phone) might clear it. The link for me now definitely has the 33:05 podcast link. done that several times - rebooted several times, best I have got is showing time of 33 minutes then when I play it does the intro music before seam...

Chester Perry

Last weekend saw the last of the accounts due for Premier Leagues clubs posted to Companies House, though it seems a couple have taken to posting them by recorded mail to slow down the publishing process Yesterday the BBC published this work by Kieran Maguire looking at the huge losses recorded acro...

Chester Perry

It has not been discussed much, but with the board of Everton abdicating last summer - with fat pay outs and not making themselves available for the independent commission hearings - along with the named owner doing the same in terms of his financial responsibility for the mess he largely created (p...

Chester Perry

Interesting piece on Leicester and why they are stalling the process on their charges around breaching financial rules - features significant input from the new guy on the football finance block - Stefan Borson, who I think offers much sounder assessments than Kieran Maguire - maybe because he actu...

Chester Perry

Of course the above mentioned changes came about in the build up to the launch of Super League - a kind of Plan B from Andrea Agnelli and the ECA A new book leads The Telegraph to look back at the first attempt to create a European Super League in 1998, a failed attempt better known as Project Ganda...

Chester Perry

ALK/VSL filing at Companies house carries on with it's bizarre somewhat erratic course Velocity Capital (UK) Holdings Ltd the entity that only last month became the major shareholder in Burnley Football Club has had its company address posted as being at Companies House in Cardiff after it appears ...

Chester Perry

I imagine it will be another 6 point deduction, reduced to 3 points due to their cooperation, reduced to 1 point or possibly just a fine on appeal. None story. Corruption is encouraged by the premier league for certain clubs. The losses in the latest accounts went against all the noises the club we...

Chester Perry

I put this on the MMT but works here too Miguel Delaney in The Independent on the fallacy of the proposal of a Luxury Tax for the Premier League Why a Premier League luxury tax would lead to financial chaos Premier League owners have been discussing solutions to the current profit and sustainability...

Chester Perry

It looks like UEFA have given up on trying to legislate against multi-club organisations - the lack of announcement on this reminds me of The FA giving up on Rule 34 from 1983 onwards - starting with Irving Scholars bid to launch Tottenham on the stock market - In UEFA's case it is Article 5 that w...

Chester Perry

Miguel Delaney in The Independent on the fallacy of the proposal of a Luxury Tax for the Premier League Why a Premier League luxury tax would lead to financial chaos Premier League owners have been discussing solutions to the current profit and sustainability rules, following a series of points dedu...

Chester Perry

Question for Chester Perry Please excuse my ignorance but am I correct in assuming if our owners had dipped into their back pocket to buy the club Would that cost / expenditure not have counted against us in our latest set of accounts regarding financial fair player Thanks for your help don't see h...

Chester Perry

The current system doesn't seem to help so if they use the money gained in the same way they do in the MLS then I can see it having a positive impact. It would mean more money could go into the lower leagues and would bring something good from the ridiculous money rich owners put into teams. It is ...

Chester Perry

dandeclaret wrote: ↑
Fri Apr 05, 2024 10:03 am
https://pod.link/1688380656/episode/5b8 ... 1cec0fef10 - this should be it

that is the page I usually go to and I have the same problem there too - just the intro music

Chester Perry

123EasyasBFC wrote: ↑
Thu Apr 04, 2024 11:29 pm
Any new rules and regulations shouldn’t be put in place until city and Chelsea’s cases are heard.

Or at least hear their cases under the same rules Everton and Forest have

Which may be why there is talk of the changes coming in in 2025/26

Chester Perry

As above. If they can get the 20 they want, then shut up shop. I am not sure that is possible under the rules - Also I think that the FA has a power of veto with its golden share Finally I believe there is a section of the Football Governance Act 2024 - that is progressing within Parliament/House o...

Chester Perry

If you go to the twitter post, there's a link on there that will play it all the way through. I had the same issue as you originally in apple podcasts, and spotify... Can you link the post - not on twitter and Elon makes it impossible to access the latest post just giving me random posts from the a...

Chester Perry

Todays episode is only playing the intro tune across the platforms I have tried

Chester Perry

matucana wrote: ↑
Fri Apr 05, 2024 9:43 am
On whether the fee involved JJ Watt is unlikely as his involvement with the club was announced on 1st May 2023 which was after the period of the Accounts under current debate.

The Accounts had a period end of July 31 2023

Chester Perry

Consequence is the biggest issue I have. What is the consequence for Pace & Co if it goes tits up. Kilby and then Garlick had financial & personal interests and risks when they had the club. As fans they would remember the financial ruin the club was in, in the 80’s…and as a consequence ran the clu...

Chester Perry

Never seen such a list published tbh CP but personally I would be very surprised if Garlick held the record here ! The likes of David Dean at Arsenal will surely have made a lot more than Garlick did (in multiples of investment or any other way either) I would think there will be a number of other ...

Chester Perry

In what way, Pete? That Calder Vale had repaid the debt, or that BFCHL had cancelled the debt, or that Calder Vale had never borrowed the £124 million in the first place? It is fair to say that a debt few ever expect to see repaid in any meaningful way to the club has a somewhat distorting impact o...

Chester Perry

randomclaret2 wrote: ↑
Thu Apr 04, 2024 9:15 pm
We might be paying JJ Watt ?

I am aware of journalists whose inquires have led them to believe that - though his payment may be a minor holding in the ownership group - possibly Incentive shares in Velocity Sports Limited (Jersey)

Chester Perry

I would be interested in who made a better return on their investment relative to what they risked - Garlick from Burnley or the much maligned Owen Oysten from Blackpool. I would guess the former. All above board I am sure. from what I see Garlick holds the record in terms of multiple of investment...

Chester Perry

It's possible that Sean Dyche and the other ex-coaches are included in the "sales and admin staff" for the period up until Sean Dyche joined Everton. There's no mention of a "pay off" when Sean Dyche stepped down as Manager in April 2022. I don't think they would have continued to be listed as "pla...

Chester Perry

That organisation needs to grow a pair. That organisation is controlled by what it's members decide - the more billionaire owners that have come in the less the guidance offered by the Premier League staff is listened to. If English football is to pursue a more American Model, it would be best if i...

Chester Perry

Hi Paul As you know different ways to skin a cat !! Last page of the accounts references the management fee paid by the Group of £2.5m to an “affiliated entity”. It was £1.5m in 2022. Completely separate issue but not really been referenced much on the threads on our accounts but the number of empl...

Chester Perry

Might be worth getting this conversation back on here but this dropped from the Athletic - not sure if it has been posted elsewhere Burnley auditors issue warning about club’s financial position in latest accounts https://theathletic.com/5387967/2024/04/03/burnley-accounts-psr/ doesn't help that Ma...

Chester Perry

I think you have misunderstood the rule there is a 3 year period assessment 2022/23, 2021/22 and 2020/21 the latter two seasons giving you T1 and T2 respectively - due to covid rue relaxations the figures for 2020/21 are actually an average of 2019/20 and 2020/21 Perhaps more interesting - and this...

Chester Perry

Interesting times for Tottenham

from The Telegraph

Daniel Levy ‘in discussions’ over Tottenham investment after club posts £86.8m losses
Spurs put losses down to ‘significant investment in the playing squad’ and are seeking an injection of equity
https://archive.ph/ej6jZ

Chester Perry

I've just been back and looked at the 2021/22 accounts - on the SwissRamble link. I've also looked at the 2022/23 accounts and re-called it mentioned a re-statement of the 2021/22 accounts. Quoting from the Directors' Report: "The loss for the year, after taxation, amounted to £27,943,000 (2022 – p...

Chester Perry

Isn't the December sign off more likely to be because the PL require accounts to be submitted to them by 31 December? As I have said before (on both the takeover and MMT threads) that only applies if you are carrying losses over the previous two years - which we were not For those who believe that ...

Chester Perry

Not yet at least, but the accounts do mention Accruals and deferred income of £52.5m If we consider that cash position and that the accounts run to the end of July 2023 The club had been holding the receipts of record season ticket sales since the end of March (certainly 4 months of direct debits) ...

Chester Perry

I note that the 2022/23 Accounts for Burnley FC Holdings Limited have been added to the Asset Match document pack, which they should have been in December under FCA rules as I understand them. Being aware of certain background discussions, this is the reason why I believe that these accounts were re...

Chester Perry

I’ve not said it will. I’d like to know a) what it’s there for, and b) how it came to be there, though. Any theories? Until we know that, the existence of £88m minimum cash in a group company and/or now in the possession of our ultimate shareholders, provides some comfort there is access to funds a...

Chester Perry

ALK took £50 million of the clubs money out of the bank account and gave it to the former owners. At what point does £50 million change from being an existential threat to the clubs existence caused by Covid to being thank you and oh by the way thanks for the other £65 million you borrowed from MSD...

Chester Perry

You won’t see anything about the £88m/£80m in these accounts because they were invested after the accounting period. And you might never see any evidence of it in BFC accounts unless some of it is used to repay the debts the group owes BFC at some point in future. We’ll probably only know more abou...

Chester Perry

Our cash balance has increased to over £20m. Not sure we have cash flow issues. .... Not yet at least, but the accounts do mention Accruals and deferred income of £52.5m If we consider that cash position and that the accounts run to the end of July 2023 The club had been holding the receipts of rec...

Chester Perry

Yes but that's where we disagree. I think prudence also means spending enough money to ensure the viability of the playing assets. The protestations that the cost of Covid, around £50 million, could ruin the club looked somewhat hollow when he sold to ALK who immediately took £50 million out of the...

Chester Perry

He was signed late but not to the extent that you could say he was signed because the others were failures. I think Garlick ran the club very prudently until 2018/19 but PL broadcast revenue is well over a £100 million and PL clubs have to spend a lot of money, which we haven't until this summer. A...

Chester Perry

I think the basic premise of this is true and have argued along similar lines

from Bloomberg.com

Everton-777 Is a No-Win Game for England’s Football Chiefs
The Premier League needs to prove it can be trusted to oversee the beautiful game.
https://archive.ph/6AVI2

Chester Perry

What no one talks about is the time lost by the delay - we are told that the game is hot on the issue of time wasting but this can contribute as much time wasted as keepers splatting themselves on the ground with no one near them

the issue of injuries arising is probably a more serious one

Chester Perry

I think we all suffer from bias and the more you accept your own bias the less inclined you are to expect people or even want people to trust you. But yes, your contributions on the finances have made this forum an informed and reliable source of information. But do I trust you on Garlick? I guess ...

Chester Perry

With all due respect Chester, how much credence would you give someone on here making vague claims that seems to run counter to the evidence - if it wasn't you doing it? trust is earned and those who have been given it have to treat it with care, more so in an environment such as a message board - ...

Chester Perry

ClaretPete001 wrote: ↑
Tue Apr 02, 2024 11:32 pm
I think most would be surprised Chester but that doesn't necessarily make it true .

I believe it to be so, I was quite surprised by it when I learned of it

Chester Perry

I don’t like these owners, I couldn’t care less where they come from, but don’t be fooled by Garlick and John B either. They fattened the pig as best they could then filled their pockets. By the sound of it, Barry couldn’t stop it as his shares were tied into an arrangement with either Garlick or J...

Chester Perry

Basically, “the group” will give them money if necessary. I think the group has more cash than we realise. Will it? It doesn't even say that, What is says is that they believe they have ways which they believe will enable them to deal with it, much like they did last time - which in short saw the c...

Chester Perry

This is the wording from the accounts. There's a risk, it's probably not that big a risk: These financial statements are prepared on a going concern basis. The directors have reasonable expectation that the group will continue in operation existence for the foreseeable future. The directors are awa...

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