Everton FC Statement Of Accounts

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The lack of innovation is worrying as is the lack of foresight in any ring fenced cash flow to fund a push for a new ground.

How big does the cash cow need to get to move forward, our turnover has increased by 30% in 2 years yet our debt though comparable to turnover relatively leaves us better placed it has remained static. How can you invest in progress with 30 mill odd debt.

Disappointed, for the first time I think WHP is likely just the latest lip serviced elephant.
 
Neiler said:
The lack of innovation is worrying as is the lack of foresight in any ring fenced cash flow to fund a push for a new ground.

How big does the cash cow need to get to move forward, our turnover has increased by 30% in 2 years yet our debt though comparable to turnover relatively leaves us better placed it has remained static. How can you invest in progress with 30 mill odd debt.

Disappointed, for the first time I think WHP is likely just the latest lip serviced elephant.
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They dont want the heavy lifting of a ground move. They're a spent force on the issue. Kirkby was the last push for it from this lot.

Now they'll just stand back and let the tv cash bonanza come in and hold out for a buyer who isn't put off by the stadium situation.

Elstone really let the cat out of the bag there today with his pathetic statement about searching for funding models. Two frigging years it's been since this was mooted and all he has to show for it is 'searching for funding models' with a city council seeing its own budget cuts slicing into bone.

They're taking the piss. Anyone who believes these carpet baggers are seriously trying to get a stadium built need to get hold of their own heads and slam them into the nearest wall and see if that helps.
 
davek said:
Because he's a lap dog who'll STFU and doesn't deviate from the party line of doing precisely f.a. other than to hold out two hands for the tv cash.

If you want to know what the alternative looks like refer yourself back to Trevor Birch's experience with these owners. http://news.bbc.co.uk/sport1/hi/football/teams/e/everton/3901225.stm
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Sorry but that's an outdated and irrelevant argument.

If your sole aim was to improve your equity value and there was so many supposed 'low hanging fruits' available in terms of sponsorship and merchandising options, then (particularly with a hard nosed retail magnate as the power behind the throne) then you'd see the obvious shortcomings and replace him with a hard nosed CEO who'd deliver value for his cost.

The 'patsie' argument holds no credence when held against the 'carpet baggers' theory, sorry, but it's contradictory pap.
 

How can elstone stand there and say they're still exploring funding models?

Haven't these idiots been doing this for years and years?

Their entire strategy for taking this club forward is to wait for a giant novelty cheque to arrive on the door step.

The same thing will happen next year and the year after, 'we're exploring funding models'...meanwhile we're being overtaken by west ham, and caught up by stokes and palaces of this world.

It's disgraceful, they haven't got a clue.

Without the sky money we'd be in trouble.
 
Bob Elstone said:
Without the sky money we'd be in trouble.
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Without the Sky money every PL club barring United and dem oil clubz would be in trouble by that premise, as every club in the Division 'cuts its cloth' in relation to that income. It's therefore a ridiculous assertion.

In terms of Elstone seeking a funding model for WHP, The business case for that development (or any development for that matter) for EFC is marginal at best, due to the minimal potential net return of the project on an annual basis, post interest payments. You try stacking that condumdrum up without some form of enabler and then pitching the idea to a bank or funder. It's piss easy when sat in your skids chucking stones on the internet lad.
 
Foot Long Hot Dog said:
Sorry but that's an outdated and irrelevant argument.

If your sole aim was to improve your equity value and there was so many supposed 'low hanging fruits' available in terms of sponsorship and merchandising options, then (particularly with a hard nosed retail magnate as the power behind the throne) then you'd see the obvious shortcomings and replace him with a hard nosed CEO who'd deliver value for his cost.

The 'patsie' argument holds no credence when held against the 'carpet baggers' theory, sorry, but it's contradictory pap.
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Your question is about why Elstone isn't sacked if he isn't a rain maker for the club. I'm giving you an example of a rain maker being sacked because the ideas he had to move the club forward were seen by the owners as threatening. It's entirely relevant. What they get from Elstone is a yes man who can shuffle the papers a bit, knows the ropes between accountancy (his real trade) and managing club debt, but cant cut it marketing the club (hence the recent recruitments...because Elstone is a clown at it).
 
Foot Long Hot Dog said:
Without the Sky money every PL club barring United and dem oil clubz would be in trouble by that premise, as every club in the Division 'cuts its cloth' in relation to that income. It's therefore a ridiculous assertion.

In terms of Elstone seeking a funding model for WHP, The business case for that development (or any development for that matter) for EFC is marginal at best, due to the minimal potential net return of the project on an annual basis, post interest payments. You try stacking that condumdrum up without some form of enabler and then pitching the idea to a bank or funder. It's piss easy when sat in your skids chucking stones on the internet lad.
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Yes, so why do you think they continue with the charade?
 

davek said:
Losses felt through a fall in league position/performance largely offset by the EL takings and the performance of 2013/14, stimulating more season ticket cash. Which is what some of us were arguing last season, but were contradicted by others.

All told: thank you Sky and foreign tv corporations. Thanks for providing the cash that the buffoons who mismanage Everton could never provide.
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Dave is my hero
 
Foot Long Hot Dog said:
Without the Sky money every PL club barring United and dem oil clubz would be in trouble by that premise, as every club in the Division 'cuts its cloth' in relation to that income. It's therefore a ridiculous assertion.

In terms of Elstone seeking a funding model for WHP, The business case for that development (or any development for that matter) for EFC is marginal at best, due to the minimal potential net return of the project on an annual basis, post interest payments. You try stacking that condumdrum up without some form of enabler and then pitching the idea to a bank or funder. It's piss easy when sat in your skids chucking stones on the internet lad.
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Its not my job, and hasn't been my job for the last 5 years to develop and implement a strategy to move this club forward in terms of a ground move. Therefore I'm ok sitting here in my skids. It's Elstone's job to deliver and so far he hasn't.

To be in that position and deliver the square root of nothing in terms of a ground move is disgusting. To have the nerve to turn around having been in the hot seat for as long as he has and still say 'exploring funding models' is unbelievable. How did he keep a straight face?

I'm not saying it's 'piss easy' but if you're not up to it 1. step aside or 2. hire someone who is.
 
Bob Elstone said:
Its not my job, and hasn't been my job for the last 5 years to develop and implement a strategy to move this club forward in terms of a ground move. Therefore I'm ok sitting here in my skids. It's Elstone's job to deliver and so far he hasn't.

To be in that position and deliver the square root of nothing in terms of a ground move is disgusting. To have the nerve to turn around having been in the hot seat for as long as he has and still say 'exploring funding models' is unbelievable. How did he keep a straight face?

I'm not saying it's 'piss easy' but if you're not up to it 1. step aside or 2. hire someone who is.
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Says the fella calling himself "Bob Elstone"...
 
One of the interesting figures that arise from today's publication of accounts is that Everton generate approximately 60% per spectator per match in gate receipts against the Premier League average.
 
Bob Elstone said:
Its not my job, and hasn't been my job for the last 5 years to develop and implement a strategy to move this club forward in terms of a ground move. Therefore I'm ok sitting here in my skids. It's Elstone's job to deliver and so far he hasn't.

To be in that position and deliver the square root of nothing in terms of a ground move is disgusting. To have the nerve to turn around having been in the hot seat for as long as he has and still say 'exploring funding models' is unbelievable. How did he keep a straight face?

I'm not saying it's 'piss easy' but if you're not up to it 1. step aside or 2. hire someone who is.
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You're missing the salient point, he can only play with the cards he's been dealt, if the resource for the ground solution isn't going to come from the stakeholders, then he's got to find a deliverable solution. Without a capital injection it's virtually mission impossible. Therefore his only hope is to find an 'enabler'.
 

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