Elstone on Summer transfer/Everton Finance/Ground Move etc TV Debate! etc.

[Bruce Wayne]

The point I was making is the manager,his backroom staff and the players on the pitch have achieved so much. Off the pitch the board have not matched this.

Moyes made the public plee for more funds (excluding the Heitinga deal which was in the pipeline at that point) to the media after the Wigan game... He didn't get it. And we missed out on (yet another) hire purchase, I mean loan signing.

Foreign billionaires buy British Club for their heritage and tradition (Notts County is the oldest Club in the world), which Everton has in abundance. Let's face it Kenwright is the obstacle. Only a fool would think that no-one is interested in taking over the highest placed Club outside the SKY FOUR over the last 5 years which is still bankrolled by pound sterling.

The only way the board will be doing their job (in your eyes) is to sell the club.

Presumably that isn't their sole job so what other metrics are you using to gauge their success or failure?

 

[ToxtethBlue]

I think alot of the fans are taking a similar stance to what David Moyes took after we'd already signed Jo, Sylvain Distin, Diniyar Bilyaletdinov and John Heitinga.

He seemed pretty sure in his interview that he hadn't spent more than the Joleon Lescott fee and wanted to push the board to spend more:

"If we want to be a club that keeps aiming to progress then we have to try to keep bringing in good players," Moyes told The Telegraph. "[I've pushed] the board really hard, not just to spend the Joleon money, but to spend more. We have to if we're going to compete.

That quote was said after we'd signed all the players mentioned, is David Moyes lying?

 

[Bruce Wayne]

I suspect not, but there's a big difference between wanting more money to spend and having more money to spend. The accusation labelled at the board is that there is money but Moyes isn't getting it, which I suspect is not true.

 

[ToxtethBlue]

I suspect not, but there's a big difference between wanting more money to spend and having more money to spend. The accusation labelled at the board is that there is money but Moyes isn't getting it, which I suspect is not true.

Ofcourse, but Moyes surely had an original budget before Joleon Lescott was sold? He must have, we made bids for one or two players, that is well known.

I'm not saying that budget was massive, in these times our board simply can't back him with big money so I'm not expecting that but there was definitely money there and Moyes, judging by the interview I watched, wanted that money, from his original budget.

 

[Axlswhk]

There is no need to debate, everything the board did was right and just. They would never be wrong, this is what I should accept and expect. Saying things bad about them makes me a bad evertonian.

 

[davek]

The other whopper told by Elstone on Wednesday:

Mr Elstone confirmed that the Club’s search for a major investor was continuing. “We absolutely need more investment," he said. “We are the first to acknowledge that we do need an owner with deeper pockets.

Which contradicts the line taken by the club in the public inquiry a few months ago....

6.10 A further point that is of relevance to any debate on the options that might be available to the Club to fund a new stadium, is the willingness and abilities of the Club’s directors to sell some or all of their interests in the Club in order to attract an investor who or which might have the ability in financial terms to fund a new stadium in its entirety or at the very least fund the shortfall that exists in the context of this proposals. As is pointed out in greater detail in the financial statement document 26), this is not an option as the current directors have no intention of selling any of their interests in the Club.

 

[Bruce Wayne]

Ofcourse, but Moyes surely had an original budget before Joleon Lescott was sold? He must have, we made bids for one or two players, that is well known.

I'm not saying that budget was massive, in these times our board simply can't back him with big money so I'm not expecting that but there was definitely money there and Moyes, judging by the interview I watched, wanted that money, from his original budget.

I suspect the Naughton money was on credit, which surely most would agree is not a good way of funding transfers. With the Lescott money that credit wouldn't be needed as we could fund from cash.

 

[davek]

I suspect the Naughton money was on credit, which surely most would agree is not a good way of funding transfers. With the Lescott money that credit wouldn't be needed as we could fund from cash.

Which leaves us all to ponder the nature of Mr Elstone's incredible comment on Wednesday:

"We squeeze the orange as much as we can and then go back and do it again".

Are you suggesting the club didn't do that and neglected credit lines to go the extra mile for Moyes?

 

[ToxtethBlue]

I suspect the Naughton money was on credit, which surely most would agree is not a good way of funding transfers. With the Lescott money that credit wouldn't be needed as we could fund from cash.

It's not but that's the way the board where willing to do things, they where going to give him the money fully knowing how it would effect the club in terms of finance.

Either way, if Moyes had got that money, we'd be in a very similar position to the one we where in at the start of the transfer window. We'd have spent around 6-8 million or whatever the budget was with the Lescott money covering all the other transfers.

That was the plan, we weren't going to sell anyone (supposedly) and Moyes had a budget to spend, judging by the Naughton bid that budget was over 6 million.

 

[Blue Ray]

That was the plan, we weren't going to sell anyone (supposedly) and Moyes had a budget to spend, judging by the Naughton bid that budget was over 6 million.[/QUOTE]

Dominic King in the Daily Post recons it was 10m TB. He also said that money was available for the Naughton bid before £escott was sold therefore that money should be in place for the january window. We'll see.

 

[ToxtethBlue]

That was the plan, we weren't going to sell anyone (supposedly) and Moyes had a budget to spend, judging by the Naughton bid that budget was over 6 million.

Dominic King in the Daily Post recons it was 10m TB. He also said that money was available for the Naughton bid before £escott was sold therefore that money should be in place for the january window. We'll see.[/QUOTE]

Hopefully that's the case.

King Dom did say we matched Spurs for both Naughton and Walker but Sheffield Utd wouldn't let us speak to them - that would've been around 8 million.

 

[Blue Ray]

Dominic King in the Daily Post recons it was 10m TB. He also said that money was available for the Naughton bid before £escott was sold therefore that money should be in place for the january window. We'll see.

Hopefully that's the case.

King Dom did say we matched Spurs for both Naughton and Walker but Sheffield Utd wouldn't let us speak to them - that would've been around 8 million.[/QUOTE]

Sounds about right then mate. Something stinky going on tho.

 

[Bruce Wayne]

It's not but that's the way the board where willing to do things, they where going to give him the money fully knowing how it would effect the club in terms of finance.

Either way, if Moyes had got that money, we'd be in a very similar position to the one we where in at the start of the transfer window. We'd have spent around 6-8 million or whatever the budget was with the Lescott money covering all the other transfers.

That was the plan, we weren't going to sell anyone (supposedly) and Moyes had a budget to spend, judging by the Naughton bid that budget was over 6 million.

You can see the quandry they're in though? On the one hand if they acted prudently and told Moyes that he has no money to spend as we havn't generated any fans would kick up a stink. Even though you've agreed that continue borrowing isn't wise there are still many on here (and no doubt elsewhere too) that are happy so long as money is being spent. Where it comes from doesn't matter, and neither apparently does the fact that every trip to the well makes it harder to turn a profit in future.

 

[ToxtethBlue]

You can see the quandry they're in though? On the one hand if they acted prudently and told Moyes that he has no money to spend as we havn't generated any fans would kick up a stink. Even though you've agreed that continue borrowing isn't wise there are still many on here (and no doubt elsewhere too) that are happy so long as money is being spent. Where it comes from doesn't matter, and neither apparently does the fact that every trip to the well makes it harder to turn a profit in future.

It isn't the perfect situation no but I'm sure the board have gone over this and weighed up the pro's and con's of giving David Moyes borrowed money. And by the looks of it, judging by the Naughton saga, he was given an original budget.

I don't see what the problem is here, even if we hadn't sold Lescott to buy David Moyes would've still had that budget and we'd be in a similar position anyway.

That was the plan and in my opinion, Moyes should've got his original budget. We are competing on four fronts, he still had to replace a key player and we still had to replace those that had left.

If he did get it and didn't spend it then fair enough, I can accept that. The Lescott deal was forced upon us and we had a limited time to deal. But by the sounds of Moyes' quotes and the interview I watched that didn't seem to be the case.

 

[Bruce Wayne]

I think the credit would have been used because they had to buy someone. With alternative means of funding available (the Lescott money) they decided they could do without the credit. My take on things anyway.