Everton Summer transfers 2021

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MikelsGoat said:
Ive been reading about Barcas debts for the last 20 years.

I think people need to have a look at why all those clubs across Europe are struggling, Corona revenue streams, then please, explain why Everton wont be affected by it.

Of course as pointed out, The PL has vastly more revenue streams than most other teams and they wont be hit as hard as the rest of Europe, but, Spurs have already needed bailing out by the BOE.

I mean if this :

Everton suffered a staggering loss of £139.9m in the 2019-20 financial year – £67.3m as a result of Covid-19’s impact on football – and have proposed a new share issue to the majority shareholder, Farhad Moshiri, worth £250m to cover the club’s continued losses.
Moshiri has so far invested £400m in Everton, including a fresh injection of £50m last month, and plans to further demonstrate his financial commitment through a share issue that represents an additional £250m of investment. Depending on the terms agreed, the £250m will include the conversion of previous loans by Moshiri into equity and an estimated £50m of new cash this season. The billionaire’s shareholding will increase from 77.2% to more than 93% should the share issue proposal be accepted in full.

Everton’s net debt decreased from £9.2m to £2.3m due to another £50m from Moshiri and the club insist they remain on a secure financial footing and on course to build a new £500m stadium at Bramley Moore dock. The net loss includes £19.9m spent on preparation work for the new stadium but, until planning permission is obtained, the sum cannot be capitalised on to the balance sheet. Other exceptional items include the £6.5m cost of paying off Marco Silva following his sacking as manager last December.
The Premier League has estimated that clubs are suffering a collective loss of £100m per month as a result of the pandemic and Everton’s broadcast revenue alone decreased from £132.7m in 2018-19 to £98m.
This figure includes the rebate paid to broadcasters due to the delayed finish to the season, and the result of some matches being postponed until the new financial year. Everton also invested a further £70m on players under the new manager, Carlo Ancelotti, for the 2020-21 season.
Over the past three financial years Everton have posted combined losses of almost £265m (£139.9m in 2019-20, £111.8m in 2018-19 and £13.1m in 2017-18). That breaches Premier League profit and sustainability rules allowing for a loss of £105m over three years, although that is a pre-Covid figure and restrictions have been relaxed as a result of the pandemic.


Everton’s chief executive, Denise Barrett-Baxendale, said: “Clearly this has been a very challenging year, not least from a financial perspective with the impact of Covid-19 having a profound, wide-reaching and material impact on our figures. Prior to the pandemic, we were forecasting record revenues in excess of £200m. Our final accounts show that a significant proportion of our losses have been directly attributable to the pandemic.
“However, in this period, it is encouraging that our commercial performance has improved markedly, and this will continue to be a priority moving forward. We have also continued our investment into both our new stadium project – which continues to progress in line with our project plan – and, importantly, in strengthening our management and playing staff through the arrival of Carlo Ancelotti and some key additions to our first-team squad.
“These strategically important projects have been enabled by our majority shareholder, who has further underlined his commitment with additional investment into the club, in 2019-20 and into this financial year.”



Screams strong financial footing to you, then I wish I had more faith than you.

Moshiri has proven hes willing to invest and we will spend, I just personally find the idea of Everton prowling Europe with pockets full of cash buying up all the elite teams best players somewhat laughable and totally unrealistic.
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Has the debt ever spiralled as far as this? Within a context of what wil be a recession externally and within football?

I can only talk for myself, but I've never said we are on a sound financial footing. Quite the opposite. We are a business who relies upon shareholder investment to plug gaps. If that didn't exist, I would have a fundmentally different analysis of the situation- Namely we are likely going to ahve to sell 2 prime assets this summer just to tick over.

However we have major backing. I know most summers those ITK guys have said we won't spend any money, so I won't be surprised if we get the same commentary again. The laws of probability would dictate at least that money will be made available. None of know Moshiri/others thinking, but if I was hedging a bet, based on past behaviour it will be that against all rational sense, money will be made available. It is worth noting that both Manchester City and Chelsea ran up huge debts for the first 6-7 years too, and took decisions that made little sense from a business standpoint. Thats the only comparison I can really seemate.

As for the final question about why we won't be affected. I mean the above cavaet that with an owner willing to invest to mitigate losses being far more important, it is worth noting that the club will be less hit than the top teams. I know I've written about it before, so going over some old ground, but you can group certain income streams. TV, commercial, European prize money, gate receipts.

Domestic TV is the one the "14" clubs rely most heavily upon, and at present has remained relativly steady. European money will likely be downgraded. Commercial/merchandising will be down a lot more and finally gate receipts have collapsed for over a years worth of games, and are probably likely to be down even into next yers figures. These factors affect the biggest clubs more harshly.

When Daniel Levy says something akin to "unless we get fans back in the ground (this season), we will be left with irrepearable damage" it gives you some indication of what we are talking about. Yes there's some bluff here, but also Spurs were actually a very well run club, compared to most top teams.

Now there are problems down the road for all clubs, and thats putting it lightly. The TV deal is up in 2022, and the new deal will be reduced, and again while this affects all clubs, it will be the 14 as oppose dto the 6 who are hit hardest from this. I reckon the deal might be 30-40% lower. So the situation remains treacherous grounds, but not until next summer, and really the summer after until tagt reality start to bite (you can see from this summer, clubs are not veyr good at pre-planing for what is to come).

FWIW I don't believe we are going to start buying the best players from your Inter MIlans or Barcelonas. I deliberately avoided whacking Martinez or Skrinar off the list. Some of their older players though, if we got European football, I could see us potentially attracting maybe one of those as a marquee signing. Likewise, caste off from Barcelona, Real Madrid, to a degree Inter Milan and others remain a possibility in my view. I also think, younger players in France might be.

If people have different views thats fine too. Some will think we will get nobody, and i'm happy to hear the rational. Others might say we will go and take lots of their top stars, and again it's not my view, but it's fair enough I suppose. It makes for an interesting discussion if nothing else!
 
MikelsGoat said:
But hey, if you cant beat em, join em :

Donurumma
Aarons - Keane - Upamecano - Digne
Barella - Veratti
KDB
Hamez - Lukaku - Messi
​
Subs : Haaland, Sancho, CR7, Mbappe, Oblak, Bobby L, Godfrey, Olsen, Pickford

Get it done Marcel, pick up all those names for 25p and a packet of quavers.
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Thought you were being serious there at first but when I saw Keane's name at centre back I realised it must be a wind up. Ha ha
 

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