ST Alpha - "Everton was found to have loss 124.5 million pounds over three years when the max allowable loss was 105 million." (Reading a Post)

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In response to "Are you able to sum up what they got penalized for? I've read an article or two and am still not sure -- nm" by prayformojo 🐵

Everton was found to have loss 124.5 million pounds over three years when the max allowable loss was 105 million.

Posted by JD (aka Jason Dean) Nov 26 '23, 09:09

The rule exists so that clubs don't overspend their means so as to get a competive advantage.

As a fan, we did make some big money spends (big for us, not like Chelsea bug) uh, poorly and so failed to make competetive gains (my commentary). We started construction on a new stadium more or less right in time for Covid and thus losing all in person revenue.

But hey, we turned over our books, we didn't have super inflated naming / sponsorship deals from the country / nation state / kingdom that owns us, the numbers added up to what they are.

Responses:

“Failed to make competitive gains” is a very…diplomatic way to put it. -- nm - znufrii, vice president Nov 26, 09:13 1
- Sucks for us the rules don't have an idiot owner / board clause 🙄 -- nm - JD Nov 26, 09:15

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Everton was found to have loss 124.5 million pounds over three years when the max allowable loss was 105 million.

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