Overlooked but big news

[Allezfan]

You realise we have to pay about 2 mil a year interest on these loans?

 

[Tennessee Blue Mike]

Sad fact is this will be a very slow process for us to remove the debt noose around our necks by having to do it the football manager way. New investment has been needed for ages and it just doesn't come. You have to wonder why?

 

[Allezfan]

Sad fact is this will be a very slow process for us to remove the debt noose around our necks by having to do it the football manager way. New investment has been needed for ages and it just doesn't come. You have to wonder why?

It's a question no-one seems to ask like. Any thoughts Davek?

 

[Moomin]

I've got absolutely no problem with the club borrowing money against future revenue as long as it isn't done to an extent that it becomes a noose around our necks.

In fact, I'm really surprised that loads of clubs haven't tapped into next years bumper new revenue streams yet, and I would actually be very happy if Kenwright did just that, so that we could strengthen the first team this summer!!!

With these debts being paid off, would it result in a greater profit being made by Kenwright if the club was sold right now?

All this 5million pound loss stuff, will soon be a thing of the past, and we will instantly become a profitable business this time next year.

I think Delboy used to say the same thing to Rodney.

 

[Animal Farm]

I think Delboy used to say the same thing to Rodney.

Do I really have to spell this out to people?

Next year our income will far exceed our expenditure due to the MASSIVE increase in TV money, thus we will become a profitable business over night.

The level of profit, will be determined by how much more we choose to increase our expenditure. And if whoever is in charge decides to spend less than we receive then we will be making profit.

If the major shareholders wanted to, they literally could become (even more) of a millionaire this time next year Rodders. They are quite entitled to share their profits amongst them.

So, to make it clear, at the moment Kenwright is supposedly trying to sell a business that is making a 5million pound loss each year, whereas next year he will be selling a business in which their income exceeds their expenditure, meaning that it will have become a PROFITABLE business, and it will stay that way until somebody decides to turn our profits into additional expenditure.

 

[whiteshadow]

Bottom line is: we are run by an absolute shower of [Poor language removed] who will do ANYTHING to cling on at zero expense until they get their big pay off for their shares. An unforgiveable shower of chancers who should be swept into the Mersey.

I agree with you on that.

 

[Moomin]

Do I really have to spell this out to people?

Next year our income will far exceed our expenditure due to the MASSIVE increase in TV money, thus we will become a profitable business over night.

The level of profit, will be determined by how much more we choose to increase our expenditure. And if whoever is in charge decides to spend less than we receive then we will be making profit.

If the major shareholders wanted to, they literally could become (even more) of a millionaire this time next year Rodders. They are quite entitled to share their profits amongst them.

So, to make it clear, at the moment Kenwright is supposedly trying to sell a business that is making a 5million pound loss each year, whereas next year he will be selling a business in which their income exceeds their expenditure, meaning that it will have become a PROFITABLE business, and it will stay that way until somebody decides to turn our profits into expenditure.

Yeah, this time next year we will be millionaires.

The club has not been sold for one simple reason, its over valued.

This new tv deal and the recent redundancys ( selling of players ) hopefully reducing the debt ( i have my doubts on this ) should be ideal for potential buyers of the club, if the asking price remains the same.

They might want more money now for the club.

 

[Skeleton Crew]

Everton FC is a business except that its not.

If it were an ice cream shop, no one would expect the Chairman to put his own money into the business. We would all expect the some of the profits to be reinvested in new flavors.

Except this is football and our commodity is players.

I don't like Kenwright and think he is rubbish when it comes to the financial health of the club, but I dont expect him to ever write a check to EFC.

 

[Animal Farm]

Yeah, this time next year we will be millionaires.

The club has not been sold for one simple reason, its over valued.

This new tv deal and the recent redundancys ( selling of players ) hopefully reducing the debt ( i have my doubts on this ) should be ideal for potential buyers of the club, if the asking price remains the same.

They might want more money now for the club.

I agree with everything you say there mate.

It can just be annoying when dickheads (not you) accuse me of sprouting 'tosh' when it is actually factually correct.

One point though, the value of the business should increase, as it will soon be in a position to make a profit, whereas we are currently trying to sell a business losing 5 million a year. This in no way makes Kenwright et al's current valuation a fair or a realistic one.

 

[billycopper]

That is one ****ing scary statement that. An the reason I despair sometimes at Evertonians

Arteta, Cahill, Yobo, Yakubu and Saha had all come to the end of the line with us. Three of them are now playing in lesser foreign leagues and one is without a club at all. Pienaar makes us tick, Naismith already looks to be a bargain bosman and the young trio of Duffy, Anichebe and Vellios have shown lots of promise. They're not direct replacements. Heitinga has filled Yobo's boots, Pienaar is our creative fulcrum in place of Arteta, Naismith is more of a forward than Cahill and Jelavic offers us so much more than Saha and Yakubu did in recent seasons. Have we not improved already?

 

[pfim]

Everton FC is a business except that its not.

If it were an ice cream shop, no one would expect the Chairman to put his own money into the business. We would all expect the some of the profits to be reinvested in new flavors.

Except this is football and our commodity is players.

I don't like Kenwright and think he is rubbish when it comes to the financial health of the club, but I dont expect him to ever write a check to EFC.

If it was an ice cream shop, no one would ask where the money was going, because no one would care.

EFC is a business, it's just a business that demands a higher level of transparency in order to keep or develop customers. The owners play off the emotional attachment to the team, so it makes sense that demands from its customers will be higher. An ice cream shop has never asked me to attach myself emotionally to an ice cream flavor.

 

[davek]

Everton FC is a business except that its not.

If it were an ice cream shop, no one would expect the Chairman to put his own money into the business. We would all expect the some of the profits to be reinvested in new flavors.

Except this is football and our commodity is players.

I don't like Kenwright and think he is rubbish when it comes to the financial health of the club, but I dont expect him to ever write a check to EFC.

But this is an 'industry' where personal investment from directors does take place. If you use an analogy it has to fit.

 

[Tennessee Blue Mike]

It's a question no-one seems to ask like. Any thoughts Davek?

He didn't take the bait did he? Oh well. The season is still young.

 

[Skeleton Crew]

If it was an ice cream shop, no one would ask where the money was going, because no one would care.

EFC is a business, it's just a business that demands a higher level of transparency in order to keep or develop customers. The owners play off the emotional attachment to the team, so it makes sense that demands from its customers will be higher. An ice cream shop has never asked me to attach myself emotionally to an ice cream flavor.

So it sounds more like my meth dealer!? ...

 

[jceverton]

It's a question no-one seems to ask like. Any thoughts Davek?

Seeing as he hasn't replied yet, I'll give it a go. There is only one reason why new investment hasn't come along and that's the price they want for the club. It would seem to me that all of these firesales are being used to pay down the debt so they'll get the price that they wanted. With Moyes in charge they have the person they need to keep the club afloat in the Premiership while they go about it. That's my take on it anyway.