£110m loss for past 13 months

[Bobski]

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 Moshiri

www.thetimes.co.uk

Anyone ablke to get past pay wall to get full article?

 

[summerisle]

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 Moshiri

www.thetimes.co.uk

Anyone ablke to get past pay wall to get full article?

Not allowed anymore, booooo.

 

[4737carlin]

Waits for a new blog from Esk to tell us what's really going on

 

[Bungle]

 

[ProZ]

Is this the part we act surprised and outraged even though we are well aware we bought a load of ale house players for 30+ million who are now worthless.

Digne and Richarlison apart

 

[AndyC]

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 Moshiri

www.thetimes.co.uk

Anyone ablke to get past pay wall to get full article?

Said this earlier... if the Times are reporting a figure before the accounts are released, they're probably being a tad conservative, the losses could actually be higher than the £110 million they're reporting.

 

[Martin Alvito]

That's going to weigh like an anchor for the next two years. We have to turn a profit for that period somehow, which is hard when you're starting from a position of bleeding red ink.

 

[blueblue]

That's going to weigh like an anchor for the next two years. We have to turn a profit for that period somehow, which is hard when you're starting from a position of bleeding red ink.

That is a paper loss which will almost definitely have been blown to that level by the amortisation of the value of the players.
Look out for the trading loss as that relates to cashflow.

 

[bol-uk]

I wouldn't care if we had signed Rainer, Ziyech and Koulibaly but we totally blew it.

 

[liamefc91]

 

[Martin Alvito]

That is a paper loss which will almost definitely have been blown to that level by the amortisation of the value of the players.
Look out for the trading loss as that relates to cashflow.

The fact that it's amortization is what's scary, because we're going to continue to amortize those players for the next 2-3 years. I'm not concerned about the club going under on cashflow. I'm concerned about the club's ability to buy and stay within FFP.

 

[Azza]

Last year we'd spent £11.4m on stadium work.

Easily possible that's double this year.

 

[PeregrineT]

Yeah, people forget thats different than losses for FPP. Thats total losses which includes stadium related costs, not just football operations. If that were accurate I would guess actually losses for FPP accounting would likely be closer to 70 million(10 million for extra month, 30 million for stadium/non football).

 

[davek]

"You're welcome".

 

[Nymzee]

Lord, Dave's woken up.