M
Mvflusk
Guest
I was just throwing around hypothetical figures. Point is £17m doesn't mean our debt is now £28m.
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I was just throwing around hypothetical figures. Point is £17m doesn't mean our debt is now £28m.
tsubaki
Player Valuation: £90m
We are doing a lot wrong - its not simply a matter of paying bank debt off, its also reclaiming those assets which were sold off and then loaned back to us at a higher rent. Until those things are sorted out we will keep losing money (or at best not make the sort of money that we should be making).
You then have to look at ground expansion (as BBB says this is possible), expanding the corporate side of things (though there is a limit to this, especially where we are and what our fanbase does), increasing our overseas exposure (to further what thebluegibbon says there really is no reason why we shouldnt push hard in the US and Australia), and further strengthening our youth setup, which is - at least until the transfer market implodes under its own insanity - our single best way of making loads of money. I would also like to see an opening-up of the club with regards to its accounts, and ideally an increased shareholding held by fans (the ideal would be every season ticket holder having a portion of the club ) - not so much for sentimental reasons, but mainly because having scrutiny of that kind will inevitably improve the quality of decisionmaking by the board.
A lot of clubs have reached a similar level to us like Villa, Bolton and to anextent Newcastle. The likes of Stoke can spend because they are receiving the TV money and this is being used to bring players in and are likely to be taking loans out against this money. That was what we were doing for the past 4 years but as our wage bill has increased and our inability to generate any new revenue then the TV money is going to covering wage costs and the debt leaving us with an almost non-existent transfer budget.
Another issue is the fact we are leasing the training ground and therefore having to service that with our limited resources.
Eventually the likes of Stoke will fall into the same trap as ourselves and then only the top 4 and those with wealthy, active owners will remain financially competitive.
M
Mvflusk
Guest
All of that requires finance. We can't get any. The banks won't give us any more money. Our owners don't have any money.
Reidy's Bottle Of Grecian
The Unobstructed View
who's your source mate ?
The reason we don't have as much debt as other clubs is because nobody would lend us anything, and that goes a long way back, like as far back as when Leeds were spunking it in the transfer market. We weren't able to rack up the debt back then, and I've no doubt that if we'd been able to then we would've been competing against them in the 'arl 3rd and 2nd divisions.
Chrismatty
Player Valuation: £50k
If we sold three players for £60 mil and paid off our debt, fine, but there are two problems with this.
1 - the cause of the debt would still be there. We are losing around £4 million a year, and the main reason is mismanagement and an inability to generate revenue, largely because the board are visionless and clueless.
2- The debt we have is probably not the same as having an overdraft at the bank. Some of it will be, but others will be long term repayments with tough repayment clauses. A few years back we sold our season ticket sales for X number of years to the finance company Bear Stearns. Now they get in all the money we make on season tickets. I would guess that there would be hefty early repayment penalties that would add further to the current publicly stated amount of our debt.
Also the fact that we are hopeless at making money means that we don't have the same amount of cash as everyone else and if you have no money coming in then banks will lend you less and charge more for it.
At Spurs the other night they looked to have 50+ execuitive boxes where they can charge extra. I have been to conferences at Newcastle and West Brom, so they are making money on days other than match days. We don't do any of that. If only BK had allowed Paul Gregg to finance our side of the Kings Dock project instead of chasing Gregg away in order that he could retain control....
1 - the cause of the debt would still be there. We are losing around £4 million a year, and the main reason is mismanagement and an inability to generate revenue, largely because the board are visionless and clueless.
2- The debt we have is probably not the same as having an overdraft at the bank. Some of it will be, but others will be long term repayments with tough repayment clauses. A few years back we sold our season ticket sales for X number of years to the finance company Bear Stearns. Now they get in all the money we make on season tickets. I would guess that there would be hefty early repayment penalties that would add further to the current publicly stated amount of our debt.
Also the fact that we are hopeless at making money means that we don't have the same amount of cash as everyone else and if you have no money coming in then banks will lend you less and charge more for it.
At Spurs the other night they looked to have 50+ execuitive boxes where they can charge extra. I have been to conferences at Newcastle and West Brom, so they are making money on days other than match days. We don't do any of that. If only BK had allowed Paul Gregg to finance our side of the Kings Dock project instead of chasing Gregg away in order that he could retain control....
peteblue
Welcome back Wayne
The amount of debt, as long as it is less than the overall value of the club, is irrelevant when it comes to selling a club as the debt is just reduced from the price actually paid. Being successful ( football and financial) or having untapped potential is what sells a club.
If we sell the players we are screwed.......
alpha1
Player Valuation: £8m
im not sure that 2 of them are important myself. i can see that fellaini is but rodwell has never held his place down (due to injuries at times) and barkley (although he has potential) has hardly played so if we were to lose anyone id rather it be these 2 than say fellaini and baines or jagielka.
thats just my opinion though and i would prefer it if we didnt have to get rid of anybody!
bullensview
Player Valuation: £1.5m
effectively sell all of our assets. Leaves us in a worse position in terms of players and means that we are screwed if we need money. No thanks. Plus, like people have said we would probs go down.
pfim
Player Valuation: £50m
andersred had a tweet this morning that only 4 clubs are sustaining based on operating revenue. All others are debtors or supported by benefactors. Now that Everton cannot borrow more, we are neither in practice.
You either a rich oil magnate or unbelievable revenue to sustain in the PL.
You either a rich oil magnate or unbelievable revenue to sustain in the PL.
Tennessee Blue Mike
Player Valuation: £50m
Eventually not sure when but Everton has to have investment or we will self implode. We can't sell our brightest talent and fans want to remain paying season tickets prices for dross because that is the only way to stay afloat in the Prem. This is becoming very evident and trying many long term fans psyche and killing a generation of future fans.
How many of us would buy some shares if they sold them? Why can't the board decide that they'll sell off 25% of the club as 2,000,000 at £10 each? An easy £20mil to knock a hole in the debt.
OK maybe it's not that simple but there must be a way for us fans who are willing to put their money in and become the people of the peoples club!
OK maybe it's not that simple but there must be a way for us fans who are willing to put their money in and become the people of the peoples club!
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