Where's the Money goes - Elstone reply to fans taken from EFC OS

[Blue_Arsed_Fly]

£35m net transfer spend in the last 5 years? Chemical Ali would've been proud of that one.

 

[Gwladys St. Glory]

Our working capital is basically 4X less than our interest payments and yet they sought out £23M more in loans...

 

[edge]

Well whatever way you read it its not looking good, interesting that he seems to think have forgot we sold rooney the year before lescott and co got brough on board that giives the balance a bit more realistic figure of net spend on tranfers add that in and over the last six years it works out about 2 million a year.His rant about the fans boycotting the game is a joke in the current climate, why does he think fans are going to pay to see a team playing the way we are ,and no prospect of getting much better, its like sky sending a letter to you saying your bill is going up 5 % but we are cutting the best movie and sports channels out over the next few years, and putting a few freeview channels in there place, then expecting you to say yes fine i mean good old rupert will be watching them with us so i will just carry on paying.The worrying thing is there isnt any way out of it under the current board, whats on offer the footballs boring, the squads getting older, they cant put the costs to fans down to attract new fans and there isnt anything to say to anybody thats thinking of jibbing it, hold on we just might get better so the fan drain is going to go on and might even get a lot get worse, making the fianaces look even bleaker.

 

[Deleted member 28206]

I like Rob, he strikes me as someone who is striving to do well, and seems down to earth.


People are forgetting he is an accountant by trade.


£35m net spend..... That's very fudgey numbers.


Also, I wonder who " more player sales" relates to?

I'm frightened now, really.

 

[davek]

Where's he got this crazy net spend of £35M over the last five years from?!!!

The table on this link puts it at £1M net spend over that period (http://www.transferleague.co.uk/league-tables/2006-2011.html) which pretty much chimes in (when Saha's likely fee is reckoned into it) with the incomings and outgoings on Toffeeweb's transfer page for the same period.

Here's the breakdown:

2006-2011

Out. (£78.6M)

Kroldrup £5M
Bent £2M
Kilbane £2M
Davies £3M
Naysmith £1M
Beattie £4M
McFadden £4.5M
Johnson £10.5M
Lescott £24M
Neill £1M
Jutkiewicz fee undisclosed
Ruddy £100,000
Pienaar £2M
Vaughan £2M
Beckford £4M
Yakubu £1.5M
Arteta £10M
Yobo loand deals worth £2M

Ins (£74.2M)

Spencer £200,000
Johnson £8.6M
Lescott £2.5M
da Silva £700,000
Howard £3M
Jutkiewicz £400,000
Jagielka £4M
Baines £6M
Yakubu £11.25M
Gosling £1M
Pienaar £2M
Saha undisclosed fee
Fellaini £12.9M
Bily £9M
Distin £5M
Heitinga £6.1M
Silva £400,000
Gueye £900,000
Velios £250,000

Has there been a typo there with Elstone's original blog? Did he mean to claim a £3.5M net spend over the period and not this mad £35M net spend claim?

There's been a serious error made somewhere as far as I can make out.

EDIT:

And even if you add in agents fees (which he has) we paid a big one last season of £3M...so if that was replicated over the 5 years he stakes his claims for that would be £15M and still leave him looking to make up the thick end of £20M to square his figures (even if he starts it from June 2006, which, for some reason, he prefers to).

Dire stuff.

 

[CahillsCornerFlag]

So basically, we need new owners...which looks like its never going to happen.

So basically, we need the current board members to invest in the club...which looks like its never going to happen.

So then, we need to increase our commercial revenue and get more people through those Goodison gates...which is not going to happen with the dour negative football we play.

Something's got to give.

 

[edge]

So basically, we need new owners...which looks like its never going to happen.So basically, we need the current board members to invest in the club...which looks like its never going to happen.So then, we need to increase our commercial revenue and get more people through those Goodison gates...which is not going to happen with the dour negative football we play.Something's got to give.

looks like it will give when the season ticket renewells come out ,i think there will be a further drop making it even harder for them, in turn that means one of the better players out and downward we go till they go

 

[Archie]

I don't know whether I should applaud Elstone for having the balls to put it in writing that the current board have failed totally to raise revenue in line with expenditure over the past few years (deduct the rise in tv money over the time period and you'll see what I mean) or to shake my head in disbelief that he's the gall to say that the current board gambled heavily with no external investment coming in and try to make it sound like a defence against incompetence.

Bottom line is that the gamble failed and the bill's come due. And even worse, they're expecting revenues to fall and they're going to turn round and blame those that have pointed out the current board is incompetent for that.

 

[davek]

http://news.bbc.co.uk/sport1/hi/football/16560253.stm

 

[davek]

I don't know whether I should applaud Elstone for having the balls to put it in writing that the current board have failed totally to raise revenue in line with expenditure over the past few years (deduct the rise in tv money over the time period and you'll see what I mean) or to shake my head in disbelief that he's the gall to say that the current board gambled heavily with no external investment coming in and try to make it sound like a defence against incompetence.

Bottom line is that the gamble failed and the bill's come due. And even worse, they're expecting revenues to fall and they're going to turn round and blame those that have pointed out the current board is incompetent for that.

He's basically saying: "This is how we've failed to work as a business for the last 5 years, and this is the plan going forward for some more failure in years to come. But you are entitled to know all this and we hope you applaud our honesty for pointing this failure to perform out in such a detailed way".

When the CEO of a business starts selling failure as a positive then you know things are on its arse and ready to go downhill very fast.

 

[Matt Damon]

He's basically saying: "This is how we've failed to work as a business for the last 5 years, and this is the plan going forward for some more failure in years to come. But you are entitled to know all this and we hope you applaud our honesty for pointing this failure to perform out in such a detailed way".

When the CEO of a business starts selling failure as a positive then you know things are on its arse and ready to go downhill very fast.

Depends on the macroeconomic climate Dave K.

At the moment the stock phrase is "stagnation is the new growth" purely due to the EZ and until inflation comes down later in 2012.


HOWEVER, in the case of Everton due to the sheer scope of potential that INVESTMENT in infrastructure and new commercial revenues could unleash, that phrase is not justified.

 

[Reidy's Bottle Of Grecian]

Ridiculous that he is pointing at fans not attending and wagging his finger in a 'it's your fault' way, as opposed to seeing it as a kick up the arse and the realisation that attendances can drop quite easily at any time.

For every fan that is staying away as a protest I bet there are 10 fans that would love to attend but just can't afford to go.

He's just shifting the blame from their own short comings (and the teams) to the fans, the supporters are as much Everton as the squad, in fact it could be argued that WE are Everton and the squad are just those fortunate to represent us, custodians of the shirts if you like.

As opposed to upping the admission prices for next season, how about asking the team to fund any increase between them ? after all, they can easily afford it whereas the fans can't, and I doubt they will want to be playing to lower crowds. It's only the same as asking employees to not have an annual rise to secure jobs, something that happens on a daily basis in the real world.

"ok lads, can you between you fund this increase at the gate ?"

"no feckin chance, we want our 70k per week"

"ok just thought we'd ask, btw Marouanne we've accepted an offer from Chelsea for you, and Bainsey you only have a stroll across the park, thanks for the memories.... It's been emotional."


In fact Elstone can set the ball rolling with a bit of his Bunce.



The early bird price should be extended for current s.t. holders as well, because at the moment it relies on our blind faith, if it is extended it will be the club saying "we are confident that you will renew as you see that we are moving the club forward," because 20 minutes into this season a great many of us had it confirmed that we had chucked a months wages down the lav.

 

[Archie]

HOWEVER, in the case of Everton due to the sheer scope of potential that INVESTMENT in infrastructure and new commercial revenues could unleash, that phrase is not justified.

That's a word which doesn't seem to get much coverage from Elstone isn't it? Investment. Still at least the board are aware of the issue...

"What’s clear going forward is that if we are to compete then we have to drive the revenue line forward rapidly. Our income is far far far under what itshould be, what it has to be, what it’s got to be. In short, we have to come to accept that performance off the pitch is the only sustainable way to drive performance on the pitchand by that I mean the performances of the directors in knocking even more doors down – taking even more blondes out to supper – in doing whatever is necessary in getting money into this Club. "

Course, that was in 2004. Some growth, eh?

 

[Matt Damon]

That's a word which doesn't seem to get much coverage from Elstone isn't it? Investment. Still at least the board are aware of the issue...

"What’s clear going forward is that if we are to compete then we have to drive the revenue line forward rapidly. Our income is far far far under what itshould be, what it has to be, what it’s got to be. In short, we have to come to accept that performance off the pitch is the only sustainable way to drive performance on the pitchand by that I mean the performances of the directors in knocking even more doors down – taking even more blondes out to supper – in doing whatever is necessary in getting money into this Club. "

Course, that was in 2004. Some growth, eh?

Commercial Revenues are at least £20million per season less than they should be. Combined with a capacity increase and hospitality we could be making a profit every season. To further invest in infrastructure and increasing revenues.

That is where the current hole is.

 

[Mvflusk]

Commercial Revenues are at least £20million per season less than they should be. Combined with a capacity increase and hospitality we could be making a profit every season. To further invest in infrastructure and increasing revenues.

That is where the current hole is.

You still haven't answered why it should be £20m more, who is this in comparison to?