Are we REALLY that skint?

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Reason's why there'll be no transfer activity

  1. Crazy price and wage inflation for players
  2. Revenues are down on last year whilst expenses are up.
  3. Whilst our long term debt is secure, our shorter term overdraft facilities will not be extended, and may even be reduced
  4. Stadium future not yet determined
 
personally i think a majority of fans have become braindead and brainwashed to face up to the fact we are skint.im amazed how many blues just except it without question.

20 million debt from johnsons era to 70 million + debt today just goes to show things havent been right at board room level.

transfers out (rooney was close to 30 million), shirts sales , ticket sales , highly increased tv money , all amounts to a very tidy annual income in my book and a lot more income than a good portion on football clubs i would imagine.

we havent competed with even the lowest earners of the prem league for transfers and have a manager that reduced the squad , the wages and has worked to a very tight budget.so its not as if we have been that lavish with our spending on the pitch.

so to go 50 million more in debt whilst cost cutting and being prudent in your spending raises huge question marks over what the hell is really going on behind the scenes.

regardless of how rich or not rich our chairman is , its about how he organises and spends the 'clubs' income we do have , and i for one think he has been riduculous and i remain amazed that he is allowed to continue.

the 50 million extra in debt has got us finch farm. thats it , thats all i can see as a aquired financial assett under kenwright.

personnaly i think we have to sell up to move forward.
if a club like man city are willing to part with £20 million for any of our players , id take it and use the money to clear a bulk of the debt outright.
we have to get to a point where our income is 'our income ' and not just handed straight over to pay debt's so we can aquire more loans.

then just maybe we will be a better option for a new buyer to invest in.he doesnt have to be rich , but has to know how to best handle money. kenwright lacks both.


just to note : we all want transfers in , but if everton all of a sudden bought an £8 million player , wouldnt that raise concerns ?
my first thought would be where did the money come from and how much is that 8 million really gonna cost us ?
 

Two points, i dont beleive we are flush with cash but i do beleive we have some. I think the club are holding fire as we are living in probably the most financialy unstable and unpredictable time in our memory. I beleive the club is holding fire untill the summer, and given our position and recent form i cant really blame the, taking a wait and see approach. Besides loans could see us through untill the end of the season.

Secondly you have to consider wages, a three or four year cantract for an average player at this timeof the year is a commitmenmt of a few million over a period of years, another reason to rely on loans and hold fire. im hopefull with AVDM and Valente of the wage bill possibly Castillo too there could be lee way for additional signings come the summer.

I like the fact we sniff around youngsters at this time of year and if we do buy a player its usually one with a bit of promise that may come good, while others are looking for average players to push them through untill the end of the season
 
personally i think a majority of fans have become braindead and brainwashed to face up to the fact we are skint.im amazed how many blues just except it without question.

20 million debt from johnsons era to 70 million + debt today just goes to show things havent been right at board room level.

transfers out (rooney was close to 30 million), shirts sales , ticket sales , highly increased tv money , all amounts to a very tidy annual income in my book and a lot more income than a good portion on football clubs i would imagine.

we havent competed with even the lowest earners of the prem league for transfers and have a manager that reduced the squad , the wages and has worked to a very tight budget.so its not as if we have been that lavish with our spending on the pitch.

so to go 50 million more in debt whilst cost cutting and being prudent in your spending raises huge question marks over what the hell is really going on behind the scenes.

regardless of how rich or not rich our chairman is , its about how he organises and spends the 'clubs' income we do have , and i for one think he has been riduculous and i remain amazed that he is allowed to continue.

the 50 million extra in debt has got us finch farm. thats it , thats all i can see as a aquired financial assett under kenwright.

personnaly i think we have to sell up to move forward.
if a club like man city are willing to part with £20 million for any of our players , id take it and use the money to clear a bulk of the debt outright.
we have to get to a point where our income is 'our income ' and not just handed straight over to pay debt's so we can aquire more loans.

then just maybe we will be a better option for a new buyer to invest in.he doesnt have to be rich , but has to know how to best handle money. kenwright lacks both.


just to note : we all want transfers in , but if everton all of a sudden bought an £8 million player , wouldnt that raise concerns ?
my first thought would be where did the money come from and how much is that 8 million really gonna cost us ?

Just to underline your point: this club would be up [Poor language removed] creek without a paddle if David Moyes hadn't come along to, firstly, keep us in the division, and, secondly, earn the club top 6 finishes with all the placement money and extra tv coverage that gets you. It's almost certain the current board would have been chased out of town without his services.

On Finch Farm: I dont think that is 'an asset'. We sold it and lease it back from a company Wyness is/was involved in and have the option to buy it back.
 
Just to underline your point: this club would be up [Poor language removed] creek without a paddle if David Moyes hadn't come along to, firstly, keep us in the division, and, secondly, earn the club top 6 finishes with all the placement money and extra tv coverage that gets you. It's almost certain the current board would have been chased out of town without his services.

On Finch Farm: I dont think that is 'an asset'. We sold it and lease it back from a company Wyness is/was involved in and have the option to buy it back.

without a doubt i agree with that, the board have been very lucky with moyes.

i didnt know that about finch farm though !! thats just bloody typical isnt it ?
in the cold light of day , after balancing the books and taking into account the debts , do we actually own anything ?
 
Interesting one really, but are we really absolutely skint? As in, there wouldn't even be about £5m available for the right player?

I mean, Moyes said he wants to bring 5 or 6 players in during the summer, didn't he?

"Ah yeah, but we signed Fellaini" I hear you say.

Yes we did, but we paid £5m upfront and sold Faddy and Johnson...

So surely there must be a few quid?. Dont turn this into a Kenwright bashing thread, cant be bothered with another one of them threads. Its just a guess/assumption.

It will be interesting to see if we do spend a few million in the next few weeks, I wont be completely surprised if we do.

Signed Pienaar as well.

And Jacobsen

And Saha

And Nash

So with Fellaini thats 5 right there.

This summer will be interesting.
AVDM, Jacobsen, Valente, Castillo, I suspect will all be allowed to leave. I wonder how much cash they get between them currently per week that we see sweet bugger all for.

Long term it looks like Fellaini will be Cahills replacement. Hopefully moyes looks to continue his policy of signing young(ish) players like Maro and Baines, as well as trying to progress the likes of Rodwell, Gosling and Baxter. Also, it looks like vaughan will be facing a do or die, anichebe too.
There isn't a lot of fat in the squad really, the wage budget will decide who can realistically be brought in.

I'd like us to play pienaar right wing, and bring krancjar in to run the left wing.

Anyway, back to being skint. Its all relative, it doesn't take £5 mill to sign a £5 mill player and all that. Still, an extra £10 mill per season for moyes to spend would be nice. But then, so would an unobstructed view.
 

without a doubt i agree with that, the board have been very lucky with moyes.

i didnt know that about finch farm though !! thats just bloody typical isnt it ?
in the cold light of day , after balancing the books and taking into account the debts , do we actually own anything ?

The decision was made for the club not to buy the David France collection. This was a good thing, because it means some future owner couldnt break it up and flog it as and when he or she bought the club. As for finch farm, does us effectively renting it from someone mean they are responsible for maintenance? We have to find £500k a season just to service the steel work in Goodison. All adds up in the end.
 
It's hard to work out if we have money or not, and if I understand the situation correctly, that is the whole point.

Moyes has worked out that, if you have cash and it is common knowledge,you get overcharged.

It's all part of the plan, let teams think we're skint then we get a better deal when buying.

On the other hand, I remember when we bought the Yak, we were borrowing from the next seasons money. are we still paying for the Yak?

I'm not sure anymore. But I think the lack of transparency is a deliberate design by moyes.

That's why we're confused.
 
  1. Crazy price and wage inflation for players
  2. Revenues are down on last year whilst expenses are up.
  3. Whilst our long term debt is secure, our shorter term overdraft facilities will not be extended, and may even be reduced
  4. Stadium future not yet determined

I think that about sums it up. Most clubs have no *cash* money to buy with and so have to rely on extending existing lines of credit against predicted future income .

Thanks to the credit crunch lenders aren't frothing at the gash to lend money to businesses with huge debts and whose predicted future incomes look certain to be seriously hit by the recession. Especially if advertising spending fails to recover and the TV companies don't bid anything like what they paid last time out for TV rights.

And against that 'player inflation' (cost of signings and wages) is still spiralling upwards.
A couple of Leeds style meltdowns followed by car boot sales of players no one can afford to pay should bring prices down. My money's on West Ham being first. I just hope we don't follow them.
 
If we do have any money available for players now, I imagine it will be added to the summer transfer kitty. loans with an option to buy seem to be the best kind of deal Moyes does.
 
Realism is all well and good from fans. But can you see the directors of the club being that upfront and honest about the situation? No, all we get from *them* is some horseshit about times necessitating a billionaire, with the rider that the climate now isn't conducive to one coming forward, and that *they* continue to give Moyes an ever developing squad with a big signing (maybe a couple) each summer. Well, the wheels came off that second offering this summer when we had to sell to buy in order to get Fellaini in. The 'evolutionary' approach just evolved into stasis. No matter, people will still sit up until midnight February 1st for the January arrival.
 

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