Come On You Austerity Blues!
It’s not like people enjoy saying there are significant limits on spending or there will be a modest outlay, if people look at the most basic figures in the accounts, turnover, liabilities and wage projections there is no cash flow. That’s all lads are pointing out. Many have pointed out before the season ended and illustrated the figures early doors. It’s just the reality.
There will be a limited spend based on creative accounting in my opinion, if we have a net spend of 15-25 mill we are doing very well, anymore and I’d be worried, without issuing more shares.
No one enjoys the above, but there is little point fooling yourself that we’re going to drop 80 mill net on new players as someone predicted today.
There is very little cash in the buisness.
The club's skint.
It's AUSTERITY EVERTON.
Stop trying to muddy the waters. The club had cash last summer because we sold off the family silver. That was burnt by Koeman. He's left us immovable tat that we'll struggle to get rid of, so we are where we are: doing no business.
Why are you attempting to prop up this carpet bagger?
This really.
I mean I spent the start of the window dreaming that we had proper dough still, but the more you dig into things the bleaker it gets.
We got a massive cash injection last Summer which we pretty much spent on paying off Managers and the rest probably on Agents fees.
The Sky money increase has pretty much been eaten up by wages and the business makes very little money elsewhere, we are still a club with a massive turnover, but sadly we pushed close to our limit last summer and now we have to walk a little carefully.
All is not lost at all, we have "assets" to sell, we have players we can loan out to offset the wage bill and we clearly have un-ideal lines of credit if we so desire, but the most important thing is to fix the most basic thing in business and thats to make the business profitable and sustainable or at the very least make it a little healthier.
So whilst we are not cap in hand praying that United win trophies so we can get more from the add ons, the heady days of last summer are very much over, basically we banged the brass, we got the 3 for fiddys and now its time to look at our bank statement and promise you will stay in for a few weeks.
Source mate?Malcolm has rejected Everton. Sigh.
Wow that makes for grim reading.
I’d actually prefer us not to spend money after seeing that.
Malcolm has rejected Everton. Sigh.
Mate. Seriously been on here for years and I still don't know what the heck that's all about. Totally out of the loop me.I dunno, osman did have some fans
but the most important thing is to fix the most basic thing in business and thats to make the business profitable and sustainable or at the very least make it a little healthier.
We are not signing Zaha.... we are not swapping him for Bolasie cos we all know swaps don't happen in the Prem... it's just not happening!£45mil + Bolasie
= Bolasie gone + Palace relegated.