ECHO Comment: "Fears of Witch-hunt Against Liverpool FC" part 3

[H.H.]

Richardson £85 million. I thought that was widely accepted that there was no such bid but even if it had happened, that was pre corona, this chat has been about finances since corona so who knows what you would now accept, exactly the same as us with Kane and Son, who pre corona would have brought in well over £200 million.

You keep going back to your neighbours and keep ignoring the point that Everton will be in as much trouble as anyone if they can't manage to get laundered money in.
If Everton felt they were in such a great posisition since corona hit, why have they also voted for the season to continue to get the extra millions and not worry about 85% of income being eaten up by wages. They could have voted Null and Void, not worried about the lost millions and then buy players other clubs can't afford?

 

[Penno]

The difference between us and them is that we are a vanity project and they are a business. Business is ruthless.

 

[catcherintherye]

Commercial revenues are based on contracts, so I think it is a massive assumption to state they will not be paid. Gate receipts will affect everyone. As for no European payments what the hell are you basing that on.

Contracts have been breached, so people can do as they wish. Companies will be going bust. 80% reduction in retail sales in the US. They will be desperate to get out of agreements, or at least negotiate them down, to save jobs. Expect it to come. Within trying to brag, I remember saying Sky would want money back if the season was played outside of May, which was ridiculed but has been proven true.

Yes it will be down for all teams, but not all teams have such dependence on gate revenue, or revenue that is so high. It will affect sides with bigger revenues much more as they have more to lose.

As for European competition, I have no idea if the competition will even be able to finish, and again if it's not, sponsors and TV won't be paying. I don't know if it can go ahead next season either. If it's voided, they will do well to claw any money back.

The wider subtext here though is that we are heading into a severe recession. Football and spending around football is going to be massively depleted, and those clubs who rely upon it will be badly affected. As I said weeks ago, they were likely to be the club losing 9 million per week. Its severe.

 

[Tony101]

The

Richardson £85 million. I thought that was widely accepted that there was no such bid but even if it had happened, that was pre corona, this chat has been about finances since corona so who knows what you would now accept, exactly the same as us with Kane and Son, who pre corona would have brought in well over £200 million.

You keep going back to your neighbours and keep ignoring the point that Everton will be in as much trouble as anyone if they can't manage to get laundered money in.
If Everton felt they were in such a great posisition since corona hit, why have they also voted for the season to continue to get the extra millions and not worry about 85% of income being eaten up by wages. They could have voted Null and Void, not worried about the lost millions and then buy players other clubs can't afford?

They was in a position to not furlough the staff like spurs an Liverpool did. Seriously tho you right. This will effect all clubs.

 

[Simon Buttle]

Richardson £85 million. I thought that was widely accepted that there was no such bid but even if it had happened, that was pre corona, this chat has been about finances since corona so who knows what you would now accept, exactly the same as us with Kane and Son, who pre corona would have brought in well over £200 million.

You keep going back to your neighbours and keep ignoring the point that Everton will be in as much trouble as anyone if they can't manage to get laundered money in.
If Everton felt they were in such a great posisition since corona hit, why have they also voted for the season to continue to get the extra millions and not worry about 85% of income being eaten up by wages. They could have voted Null and Void, not worried about the lost millions and then buy players other clubs can't afford?

Mate, that's just Kenwright and the fact he wants to be everyone's mate and not rock the boat, it's always been the same with him.

 

[ChesterBlue99]

Yes it is mate, but the reality is they are not dropping from the same place. We lose £14m in a season, they lose £90m. It will hurt certain teams much more.

I'll take your word on £90m so presumably it's a similar situation for the other clubs in Europe?

I'd argue in that situation the whole economic future of football changes.

If Madrid want to sign Mbappe they can't suddenly spend pre Covid money.

There's just less money floating about for everyone.

Don't get me wrong, short term I think every club will be wary, and slowly things will resemble normal but that won't be £80m centre backs and Sancho going for £100m + but I think everyone will be the same. Any sort of sponsorship bonus applicable to the RS will be the same for anyone. Granted on different a different scale

 

[H.H.]

The

They was in a position to not furlough the staff like spurs an Liverpool did. Seriously tho you right. This will effect all clubs.

Spurs and Liverpool and others CHOSE to do the disgusting furloughing, Everton chose not to do so. That doesn't mean you have sound financing.

 

[Toast]

The difference between us and them is that we are a vanity project and they are a business. Business is ruthless.

You really don't think our owners are trying to make serious cash out of us ?

 

[catcherintherye]

Richardson £85 million. I thought that was widely accepted that there was no such bid but even if it had happened, that was pre corona, this chat has been about finances since corona so who knows what you would now accept, exactly the same as us with Kane and Son, who pre corona would have brought in well over £200 million.

You keep going back to your neighbours and keep ignoring the point that Everton will be in as much trouble as anyone if they can't manage to get laundered money in.
If Everton felt they were in such a great posisition since corona hit, why have they also voted for the season to continue to get the extra millions and not worry about 85% of income being eaten up by wages. They could have voted Null and Void, not worried about the lost millions and then buy players other clubs can't afford?

I don't think Kane or particularly Son go for over £200 mate, however yes their values have been massively hit. However I'm not sure the relevance of the point. They turned down a big initial bid. It has been questioned it wasn't from Barca but does seem to be suggested a big was made (I suspect from United). The point is that if they were not intending to keep putting money in, why would they not have edged the price up and sold?

The thread is about Liverpool hence the comments. I am not ignoring Everton and have explained our predicament too.However all the time we have owners who keep putting monies in it's not a worry. Part of the issue is their owners will not do this. I would also say, if the recession continues, their situation would probably be worse than Evertons. They are very dependant on commercial/gate receipt revenues that will collapse.

As for the not voting to null and void, again classic Everton. It makes sense with Everton's fixture list to want to play again. We are at the bottom of a tightly packed group with favourable fixtures. Those at the to of the club don't really dislike Liverpool, so will not let it get in the way.

 

[catcherintherye]

Spurs and Liverpool and others CHOSE to do the disgusting furloughing, Everton chose not to do so. That doesn't mean you have sound financing.

It is indicative of businesses that are very worried though, at a very early point. Especially when you read the wider subtext of what FSG wrote. In reversing it they said "someone will have to pay" ie not themselves. The loss of revenue is going to have to be clawed back.

 

[catcherintherye]

Was that the offer for Richarlison?

That was before this virus hit wasn't it?

Yes and yes. We don't get that now.

 

[H.H.]

When I said Kane and Son would have brought in well over £200 million, that was for the pair of them (I was underplaying their value.)

 

[ForeverBlue92]

The difference between us and them is that we are a vanity project and they are a business. Business is ruthless.

Exactly - Everton under Usmanov are essentially Chelsea but without the success.

Now Ancelotti is here Usmanov will be ensuring he continues pumping money in. This is a bloke who offered £1 billion for 70% of Arsenal - money is of little object.

Long term give me USM over FSG anyday of the week - soon as Klopp buggers off you'll see the limits of their ownership when they havent one of the 2 best managers in world football turn water into wine every season.

 

[gwladysnight]

Contracts have been breached, so people can do as they wish. Companies will be going bust. 80% reduction in retail sales in the US. They will be desperate to get out of agreements, or at least negotiate them down, to save jobs. Expect it to come. Within trying to brag, I remember saying Sky would want money back if the season was played outside of May, which was ridiculed but has been proven true.

Yes it will be down for all teams, but not all teams have such dependence on gate revenue, or revenue that is so high. It will affect sides with bigger revenues much more as they have more to lose.

As for European competition, I have no idea if the competition will even be able to finish, and again if it's not, sponsors and TV won't be paying. I don't know if it can go ahead next season either. If it's voided, they will do well to claw any money back.

The wider subtext here though is that we are heading into a severe recession. Football and spending around football is going to be massively depleted, and those clubs who rely upon it will be badly affected. As I said weeks ago, they were likely to be the club losing 9 million per week. Its severe.

We are far more reliant on TV money than them. Sky wanting money back will affect us far more than them.

What you seem to be willingly ignoring is that we made a £112m loss before corona they made a massive profit. We also have a Stadium to finance they don't.

 

[ForeverBlue92]

We are far more reliant on TV money than them. Sky wanting money back will affect us far more than them.

What you seem to be willingly ignoring is that we made a £112m loss before corona they made a massive profit. We also have a Stadium to finance they don't.

Every club in the PL is reliant on TV money however only a handful of clubs have owners who put alot of money in out of their own pocket - Man City, Chelsea, Everton and to a lesser extent Wolves all spring to mind.

Clubs like Arsenal, Utd and Liverpool have Yank owners who run clubs like a business - I would rather be secure in the knowledge of having multi billionaire benefactors in a recession than Yanks chasing the penny.

Remember Liverpool are the ones who have postponed their stadium development whereas Everton are pushing ahead with the new stadium - that alone is VERY telling about the financial power of each clubs respective owners.

Also that £100 odd loss is due us spending big money - it doesnt indicate anything about the clubs finances other than we are spending top 4 money without the top 4 revenues - City and Chelsea also posted record losses before they achieved success and attracted the increased revenue that comes with it.

Once Everton get the USM naming rights deal / new shirt sponsorship deal which I imagine will be a tidy deal from one of Usmanovs companies our losses over the years will reduce regardless of what we spend.