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Happen he's networking.

Yeah right, if only.
Networking should produce positive results yet RE oversees a commercial dept that has lost 4 or 5 key staff in recent months... and this after arguably the clubs best ever year in terms of income generation from off the field activities.

After such a good year, morale should have been buoyant, but they've left in droves and two of them have left without having new jobs to go to - in this day and age, you have to be seriously pee'd off to make that decision !!!

I am far, far, far from convinced that Robert Elstone is the right person at the helm of day-to-day matters.
 

This is due to all the player sales last season aint it ??? And big wages leaving the club ???
100% mate. Jimmy Mac and all dem recruitments, contracts and loans was free like.
And them cheating sky barstewards are ruining modern football.
 
The 6th page? You're slowing down, Dave.

I have to say, it's good news, but hardly unexpected. Still, if any goodwiil from the board can be capitalized on in the January transfer window, it could yet prove fruitful.
Sell to buy.

They *have* a *stadium* to ringfence cash for now...obviously.

Everton FC Board of Directors - playing Evertonians for chumps since 1999.
 
Pleasing news but lets see what happens long term before running out into the street windmilling and chanting Bill's name. If we have this much profit then we should buy in January to kick on.
 

Not exactly surprising after the sale of Fellaini (all profit) and others and the TV money - hopefully the continued improvement will attract an investor.
 
Basically if we didnt buy lukaku , debt could be wiped out.

Few things here
1- due to huge tv deal the premier league clubs will begin to dominate Europe again after a few quiet years. Only 3 clubs can compete with PL Barca, Real n Bayern.
2- We are more attractive to a buyer now with profit and reduced debt
3- stadium must be priority given these figures and gives us best chance of financing it .

Not true. Lukaku deal will be part of 2014-2015 figures. If the Lukaku deal was part of the figures for 2013/2014 we wouldve likely made a small loss. Still not bad.
 
Good news overall our debt now stands at roughly about quater of our annual turnover, it is in fly swatting territory, which is terrifiic and gives us a foundation now to invest, lets not forget its almost 15 years in the making though. The emphasis is on cost management and waiting for revenue to increse - the TV deal of course. It really papers over the cracks, but fundamentally the business doesnt grow in terms of commercial revenue apart from that. That said it is often pointed out that football exisits is its own prism and applying business principles is difficult. Its certianly a positive that we seem to have lessened our over reliance on credit. As for player turnover, i dont think its fair to say that the sales had that much of an impact on the overall figures - i think this year will be more telling with no big sale and a strong outlay on Lukaku. We sold Fellaini, Jela and Vic, but then we were active enough when you consider McGeady, McCarthy, Kone and loan fees for Barry, Lukaku, Del etc.

Our aim overall should be debt free as much as we can be, as we know some of our debt cannot be paid down.
 
Looks like almost at the stroke of a pen the debt could be wiped out in the coming year.
Not sure if there are penalties (like a mortgage) so it has to be paid over the term of the loan.
I'm sure bizaro could fill us in....he usually does ;)
 

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