Catch 22

Status
Not open for further replies.

SuitsBlueX2

Player Valuation: £8m
With respect to
http://www.grandoldteam.com/forum/everton-forum/20794-were-money.html
and
Everton secure overdraft with TV money - euFootball.BIZ - football (soccer) business news

We have a problem. Spending tomorrows money today means actually spending less. It relies on the TV money remaining the same or increasing. If it stays the same we are at the mercy of the interest rates. If it increases we could actually see less as player wages increase and any increased figure borrowed results in more interest (so less cash at a percentage level). I am very interested to know which other clubs are playing this game. Eventually to get on an even keel we need a summer of no spending and no further borrowing, is this ever going to be possible?

tbc...
 

With respect to
http://www.grandoldteam.com/forum/everton-forum/20794-were-money.html
and
Everton secure overdraft with TV money - euFootball.BIZ - football (soccer) business news

We have a problem. Spending tomorrows money today means actually spending less. It relies on the TV money remaining the same or increasing. If it stays the same we are at the mercy of the interest rates. If it increases we could actually see less as player wages increase and any increased figure borrowed results in more interest (so less cash at a percentage level). I am very interested to know which other clubs are playing this game. Eventually to get on an even keel we need a summer of no spending and no further borrowing, is this ever going to be possible?

tbc...


that'll be this summer then.

Hoorah, the books are balanced!
 
that'll be this summer then.

Hoorah, the books are balanced!

That's the thing, it appears we have just borrowed yet again, putting even more pressure on next summer where we will be "3% + base interest" down on a figure of £13.7 million. Lets say base rate is the current 1% you and I get on our savings (4% over all) will mean we pay £548000 for a 12 month sub on our cash.
I could handle £20 million + for Lescott if it all went to Moyes along with the new loan (£13.7mill) along with any few quid floating around in the clubs kitty (savings on wages having released Valente, Jacobsen, VDM, Castillo for instance, Kitbag contract, this seasons shot of sponsorship) Lets say a very meagre £6.3 mill. With the squad we have and the gaps that need filling, I suspect there would not only be Evertonians goggle eyed with expectation at the thought of Moyes armed with £40 million to plunder in under two weeks.
That said, it means being in the same spot next season - having to borrow again, possibly having to sell a media bothered player (Arteta), and fart about over the summer pinching pennies via players wages having released/sold in may. Catch twenty two - deja vu.
 
Wow. Do you see what you've done mr moyes. Proper bored.
Posted via Mobile Device
 

With respect to
http://www.grandoldteam.com/forum/everton-forum/20794-were-money.html
and
Everton secure overdraft with TV money - euFootball.BIZ - football (soccer) business news

We have a problem. Spending tomorrows money today means actually spending less. It relies on the TV money remaining the same or increasing. If it stays the same we are at the mercy of the interest rates. If it increases we could actually see less as player wages increase and any increased figure borrowed results in more interest (so less cash at a percentage level). I am very interested to know which other clubs are playing this game. Eventually to get on an even keel we need a summer of no spending and no further borrowing, is this ever going to be possible?

tbc...


bingo , my point exactly.
quick short term solution with long term consequences that worsen financial restraints.
 
That's the thing, it appears we have just borrowed yet again, putting even more pressure on next summer where we will be "3% + base interest" down on a figure of £13.7 million. Lets say base rate is the current 1% you and I get on our savings (4% over all) will mean we pay £548000 for a 12 month sub on our cash.
I could handle £20 million + for Lescott if it all went to Moyes along with the new loan (£13.7mill) along with any few quid floating around in the clubs kitty (savings on wages having released Valente, Jacobsen, VDM, Castillo for instance, Kitbag contract, this seasons shot of sponsorship) Lets say a very meagre £6.3 mill. With the squad we have and the gaps that need filling, I suspect there would not only be Evertonians goggle eyed with expectation at the thought of Moyes armed with £40 million to plunder in under two weeks.
That said, it means being in the same spot next season - having to borrow again, possibly having to sell a media bothered player (Arteta), and fart about over the summer pinching pennies via players wages having released/sold in may. Catch twenty two - deja vu.

right but what if we did have that 40 million, what if we only say spent 10 million this summer on a lescott replacement (10 mil is more than enough to buy a decent centre back imo, our 3 centre backs cost us around 13 million total) , plus another 5 million on a future investment in january. if we can pull off a decent season, that leaves an extra 25 million for next summer, minus whatever goes in interest and all that other complicated stuff.

next season, with the way teams inflated the market this year, i think teams like madrid and city will curb their spending after going all out. suddenly it will become a buyers market, and it just so happens we have enough money to actually be buyers for once. even then, if moyes can spend the money on several shrewd investments, then we can pick out the cahill/arteta type deals as they come in, and eventually build up a truly world class squad.

a man can dream atleast...
 
bingo , my point exactly.
quick short term solution with long term consequences that worsen financial restraints.

Would you say that biting the bullet early could be the best thing, because eventually it will be a hand forced on us and could hit at a time when we might not be able to absorb it.
As for next summer, I don't see Barca and Real without deep pockets (Wenger hinted about Fabregas next summer) City will spend again, expect Chelsea to sign one or two top internationals, heaven knows what Portsmouth could be doing if the latest Sheik shaking the Sacagaweas gets in on the samba.
A summer or realistic consolidation is what I would like, two or three players picked up for a couple of million a piece (Cahill, Arteta, Pienaar) such players have to be out there, I refuse to become a shoe waving, faeces throwing, Galactico demanding, Toon-Army-Amoeba.
To get into a position of throwing money around again Moyes needs to continue his prudent attitude towards spending on players until we start making headway regards the numbers being in the black instead of the colour that means more debt. Again the stadium problem hits, it appears billions of Evertonains are against Kirkby and wont go, but to stay at Goodison as it is does not allow them all to pay to get in. (Another catch 22). Without a more solid set of financial papers (ie showing we can turn a profit) then would be investors are unlikely to look at Everton as a business opportunity for too long. (Catch 22 again). And if all that is not enough Moyes will eventually call it a day because he cant progress to the extent he feels he has earned and so, catch 22 again, he leaves for pastures new and we take a monumental step back in terms of leadership, and vision for the future.
Not really a two-cents problem is it.
 
Status
Not open for further replies.

Welcome

Join Grand Old Team to get involved in the Everton discussion. Signing up is quick, easy, and completely free.

Shop

Back
Top