Everton and zero money - Updated 17/11/23
- Thread starter topher
- Start date
Soldato
Everton are really giving off Leeds mid 00’s vibes right now with them looking like being in some sort of financial death spiral. Though possibly on steroids what with a stadium to pay for as well!!
As much as I find Everton's plight amusing it's now bordering on ridiculous, how have they been able to be run so badly, FFP was supposed to prevent a Leeds situation but it's almost a carbon copy.
I would find relegation amusing however actually collapsing and ceasing to exist less so as they are still entertaining derbies against them and they are still a well supported club so if they were to get well run they could certainly be a very steady decent team
I would find relegation amusing however actually collapsing and ceasing to exist less so as they are still entertaining derbies against them and they are still a well supported club so if they were to get well run they could certainly be a very steady decent team
The obvious response to this is that Everton haven't complied with FFP. They've breached FFP rules for the past 5 seasons however due to it working on a rolling 3 year cycle (4 at the moment because the 2 covid seasons are taken as an average) and clubs accounts not being filed until many months after the end of the season, the **** only hit the fan in the last year or so.
Creating a set of rules and regulations that solves every problem is nigh on impossible. The only way you can remove the risk of what's happened to Everton is by banning any form of debt and owner funding. The moment you do that you'll have any number of supporters claiming it's "not fair" and what's really ****ing mad is that there will be loads of Everton fans claiming this too. As long as a club is relying on outside funding to pay their bills, they're at risk. Many don't believe it or even think about it until it happens but we've now seen multiple examples of clubs being on the brink because of owners that have come in, funding huge spending sprees and then either can't or won't fund those losses in future years.
