I’ve read a bunch in this sub about how they weren’t supposed to write off losses like they did and that they kept doing it in spite of being warned several times and it. But what did they spend on? And what advantage did they get, considering that they barely stayed up the last two seasons?
They are building a stadium to replace the 150 year old Goodison Park. Despite what somepeople say it was not tranfer spending. Ultimately it was an accounting decision not to allow Everton to deduct interest on stadium loan payment. Everton are appealing because stadium spending is an allowed deductible. Its a bit of a complicated accounting thing because if they got the loan from an bank it would be deemed deductible.