£110m loss for past 13 months

[roydo]

Imagine if Moshiri was hit by a bus tomorrow - we'd be stuffed.

You seen his will? Please elaborate.

 

[Yarrgh]

Makes my £500 agreed overdraft with HSBC look inconsequential.

You owe the bank 500 quid, you have the problem.

You owe the bank 500 million quid, the bank has the problem.

 

[Sheedy's right knee.]

The media love to paint a bad picture. The picture from the clubs perspective appears to be much calmer. With Usmanovs involvement and the new stadium on the horizon we should be looking up not looking down.

 

[CielosGrises]

You seen his will? Please elaborate.

He has left it to the cat .

 

[Connor]

Have we gone bust yet?

 

[alvinh]

Swiss Ramble has gone through the turnover results on his Twitter today.

It's not comfortable reading i have to say.

Here it is for anyone else who was curious:

 

[alvinh]

Just been looking through it, well worth it, if a little scary...

 

[alvinh]

And after I reached the end I found this link which is much better for seeing the slides in all their glory

Thread by @SwissRamble: Everton’s 2018/19 financial results covered a season when they finished 8th in the Premier League for the second year in a row. Marco Silva…

Thread by @SwissRamble: Everton’s 2018/19 financial results covered a season when they finished 8th in the Premier League for the second year Marco Silva replaced Sam Allardyce as manager in May 2018 #EFC As a technical point, it’s worth noting that #EFC…

threadreaderapp.com

Great work by Swiss Ramble. The wages to turnover percentage is worrying as is the reliance on TV revenue. Clearly boosting commercial revenue is key, both for FFP but also to make the long term financing of the club sustainable.

 

[havrey0123]

The media love to paint a bad picture. The picture from the clubs perspective appears to be much calmer. With Usmanovs involvement and the new stadium on the horizon we should be looking up not looking down.

The question is what is moshiris end game.
He is 500m in as so far with another 500m+ for a stadium. Does he think we will be worth 1billion+ In a few years time.

 

[PeregrineT]

The question is what is moshiris end game.
He is 500m in as so far with another 500m+ for a stadium. Does he think we will be worth 1billion+ In a few years time.

He is 350 million in, not 500m, and that comes with assets he can sell that previously debt was held against.

This may come as a shock to many people, but its also possible he doesnt see it as an investment. He may not have purchased Everton simply because wanted to make a big profit, he may have purchased it because he has enough money, and enough from other investments, and wanted to own and build a dominant team for bragging rights. He might just want to walk into a group of his fellow billionaires and have bragging rights. Its not that different than people who own and modify vehicles. Its a status symbol to them. Almost all cars are depreciating assets and lose money, but that doesnt stop millions of people from pumping money into them they know they will never see back.

 

[lesbattersby]

You all realise this is based on a three year cycle? Allowing for losses of 94 million over a three year period.

That this 3 year cycle being
2017 = 30.6 profit
2018 = 13.1 loss
2019 = 111.8 loss.

So starting now we are now at 124.9 loss. We will need to make at least a 31 million profit by 2021 to avoid FFP penalties.

Would love to know how Ancelotti is going to strengthen without selling one of the 3-4 players who have value and we want to keep.

Will the money spent so far for the stadium not be taken away from that once planning permission is granted as well ? Does anyone know how much that will be ?

 

[Goat]

He is 350 million in, not 500m, and that comes with assets he can sell that previously debt was held against.

This may come as a shock to many people, but its also possible he doesnt see it as an investment. He may not have purchased Everton simply because wanted to make a big profit, he may have purchased it because he has enough money, and enough from other investments, and wanted to own and build a dominant team for bragging rights. He might just want to walk into a group of his fellow billionaires and have bragging rights. Its not that different than people who own and modify vehicles. Its a status symbol to them. Almost all cars are depreciating assets and lose money, but that doesnt stop millions of people from pumping money into them they know they will never see back.

Well no mate, he is 500m in so far.

350m in interest free loans and 150m in buying shares.

 

[Goat]

Will the money spent so far for the stadium not be taken away from that once planning permission is granted as well ? Does anyone know how much that will be ?

Yes, any stadium money we have spent does not impact FFP, regardless of planning permission.

And no, I doubt anybody knows how much so far.

 

[varnish]

Pfft! What the heck does billionaire Farhad Moshiri know about business anyway! Those numbers are terrible, we need five years of Austerity Everton culminating in a triumphant promotion from League 2.

 

[BigDunc1985]

There's no way he invested as a way of making a profit. I'm sure there'll come a point where he stops putting more in but I doubt he's going to pump 500m in and build a stadium and expect and sort of a return in his lifetime.

They key is to be self sufficient by that point.