Why not do the same thing that Chelsea did and escape all the unnecessary point deduction that we are facing…(Read full story in the comment section)

Everton: Lawyer issues new stadium land verdict after documents reveal Chelsea PSR moveChelsea may face similar issues to Everton

Everton: Lawyer issues new stadium land verdict after documents reveal Chelsea PSR move

Stefan Borson reacted to Chelsea’s accounts finally being made public to suggest that Everton could have been more creative with their own finances to avoid profit and sustainability issues.

The lawyer took to Twitter (13 April) the day after the figures from Stamford Bridge revealed the sort of perilous scene that the Toffees are now used to but on an even grander scale, with a pre-tax loss of £90.1million, the second highest wage bill in the Premier League (£404m), and by far the biggest amortisation charge in the top flight (£205m).

However, it also emerged that the club had sold a hotel to BlueCo 22 Ltd. – essentially the owners – for £76.3m in a move which they claim to have run past the Premier League and done within the rules [The Athletic, 13 April], although it is unclear if it will be permitted to count as a profit against PSR, and Borson suggested Everton possibly should have done something similar with the land at Bramley Moore Dock before the stadium build started.

Borson wrote: “Wait until Everton figure out that, perhaps, they could have sold the BMD site to themselves upon planning permission being granted and recognised the uplift in post planning value as profit to pass PSR.”

Chelsea accounting raises questions amid Everton turmoil
Ever since Roman Abramovich was sanctioned by the UK government in the wake of the Russian invasion of Ukraine, and the Toffees were obliged to sever their connection to Alisher Usmanov on similar grounds it has invited comparisons between the two clubs.

Once Todd Boehly and Clearlake Capital took over in West London and started spending on a scale that even their predecessor might have found a bit reckless the parallels have grown stronger in light of Farhad Moshiri’s early years at Goodison Park.

It is a source of no little annoyance among Evertonians that clubs like Chelsea have been able to operate as they have and avoid spending sanctions so far while two PSR breaches have already resulted in points deductions on Sean Dyche’s side, and there remains a risk that a third will follow next season.

But even compared to the waste at Everton the numbers at Stamford Bridge, and the return on them, are absurd, with it emerging on 12 April that they also led the league in spending more than £75m on agents’ fees last season [Alan Myers].

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The commission hearings that have characterised this season appear to have shown that the Toffees management has in fact looked to be somewhat creative with its accounting in recent years and the Premier League has given it distinctly short shrift.

But if the hotel sale does hand the London Blues a route out of trouble it perhaps does beg the question as to whether the Merseyside Blues could have done something along the same lines.

Wait until Everton figure out that, perhaps, they could have sold the BMD site to themselves upon planning permission being granted and recognised the uplift in post planning value as profit to pass PSR

New Everton stadium central to 777 takeover issues
That the new stadium project is owned by a separate company as it is (Everton Stadium Development Ltd.) which already owes a load of money to the club, surely rules that route out now, and when the Toffees seem to have loans secured against anything they own already it may restrict any other movement.

Club owners selling a stadium to themselves is a controversial loophole that the Premier League and Championship wanted to close [Daily Mail], but has been credited with helping Aston Villa in their hour of need [The Athletic].

But ironically, Everton being tenants in their new stadium is exactly what many fans fear amid the financial issues ahead of moving in, particularly when it comes to prospective new owners 777 Partners and their flagging bid to buy out Moshiri.

In other Everton news, stadium costs could soon shoot up as agreements are at risk of expiring imminently.