Thanks Steve
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Our debts seem to be pretty low. That's all that matters.
BrendanGOT
Player Valuation: £25m
We have no debt though. It’s not as bad as it sounds when you consider how much we’ve been spending. I’d be more worried if it was 100m of debt etc. Still not good however but I’d say those losses will be dramatically reduced in the next 2 years
You can make losses and still be a healthy sustainable business.
You can make profits and be in a mess.
Balance sheet more important. Debts v assets more important.
You can make profits and be in a mess.
Balance sheet more important. Debts v assets more important.
The binman chronicles
Player Valuation: £80m
Everyone can see we are a work in progress, we have managed to snare our first world class signing in Ancelotti and hopefully with him on board others will follow which will allow us to abandon the scattergun approach of old. Soon as we do that the accounts will start looking a lot better.
Everton are set to announce record losses in the region of £110million — but have not flouted Premier League profit and sustainability rules.Paul Joyce has just posted this.....
Alisher Usmanov’s links with Everton grow stronger as he eyes potential new stadium deal
Alisher Usmanov has strengthened his links with Everton after the company he owns with business partner Farhad Moshiri spent £30 million acquiring an option to purchase naming rights for the club’s proposed new stadium.The deal with USM, a holding company set up by Usmanov and Everton owner Moshiriwww.thetimes.co.uk
Anyone ablke to get past pay wall to get full article?
The exact figure will be confirmed at tonight’s general meeting and reflects a 13-month period between May 2018 and June of last year.
The inclusion of an extra month in the accounts is, in one instance, because Everton want to align with when players’ contracts end [June 30] and means the losses are higher than they would be over the standard year-long assessment.
Premier League clubs are not allowed to lose more than £105 million over a three-year period under the current guidelines and Everton still come under that threshold. They made a £30 million profit in 2017 and then a £13 million loss in 2018.
The three-year, aggregate loss of about £95 million means the club must be mindful of profit and sustainability moving forward.
Importantly, Everton’s net debt is understood to have decreased by more than £50 million. It was £65.7 million in 2018, according to previous accounts, but is now believed to be under £10 million.
It is unclear before the meeting whether that is as a result of further investment from the billionaire owner Farhad Moshiri. The losses highlight the extent of player trading under Moshiri, with the likes of Richarlison, Lucas Digne, Yerry Mina, Bernard and Andre Gomes (on loan) recruited in the period under review for about £100 million. Everton recouped some of that outlay by selling Davy Klaassen, Nikola Vlasic and Ramiro Funes Mori.
The loss would also be more palatable if the club had established itself in the Premier League’s upper-reaches on the back of such spending and not just changed manager for the fourth time since 2016. Carlo Ancelotti replaced Marco Silva last month and the Italian will look to make significant additions to the current squad himself at some point.
Ancelotti will want to make some signings of his own soon enoughNIGEL RODDIS/GETTY IMAGES
Academy costs and expenses for running the community programme can also be subtracted from the overall loss figure. Costs for the proposed new stadium at Bramley Moore cannot be offset until the club have received planning permission for the venture, with a decision likely by the summer.
A full picture will emerge at the meeting, but there is a need for Everton to regularly qualify for Europe through their league position. Further commercial growth is another requirement.
In a recent interview with the Financial Times, the billionaire tycoon Alisher Usmanov, a long-term business partner of Moshiri, raised the prospect of their company, USM, paying for naming rights for the planned new ground on the banks of the River Mersey. That would provide a significant financial boost to the Goodison Park club.
havrey0123
Player Valuation: £25m
It's not debt, but a interest free loan to the club, but it's still money owed
Yes
You mean the last 3 or 4 managers that have literally failed at their job?
Incredible scenes. You’ve been pretending to be an Everton fan on the internet for an entire decade of your life.
The amount of £110m could have been leaked out, so when the club announce a figure of £100m losses it will look better
.Shevin Keedy
Player Valuation: £35m
We need to get the following off the books permanently by the end of the summer window:
Bolasie £90k a week
Besic £40k a week
Tosun £70k a week
Schneiderlin £100k a week
Niasse £60k a week
Martina £50k a week
Keane £60k a week
Walcott £100k a week
Sigurdsson £140k a week
Sandro £120k a week
Stekelenburg £30k a week
Bolasie £90k a week
Besic £40k a week
Tosun £70k a week
Schneiderlin £100k a week
Niasse £60k a week
Martina £50k a week
Keane £60k a week
Walcott £100k a week
Sigurdsson £140k a week
Sandro £120k a week
Stekelenburg £30k a week
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