Everton Annual Accounts Report 2012/2013

[Timak]

In comparison to the teams were competing with our ticket prices are generally fantastic for th level we are playing at. Imagine paying double. Imagine the club could sell double or treble the amount. New stadium and higher prices equals more cash to spend. It's what the clubs above us do http://www.theguardian.com/news/dat...ier-league-ticket-prices-club-charge-the-most

Most expensive season ticket at spurs £1800!

If you get the stadium for free maybe it does.

A new stadium costs around £200m for a bog standard 50k seater stadium.
Interest alone on this borrowing would be £14m a year, so with repayment you are looking at £20m a year of additional cost for a new stadium.
Assuming a ticket price of £40 for the new stadium and assuming attendances increased by 10k a match over Goodison (I don't agree with either of these assumptions btw) then we'd had £40x10kx21 home games (=£8.4m additional income). Add in too the increased prices for the other 35k fans. £4x35kx21 (£2.94m additional income) and another £3m of additional corporate income (another HUGE boost in income).

Then add up all those figures and you get an additional £15m of income (before costs) and additional costs of £20m a season.

So a loss of £6m a year on having more fans in paying more money.

Even if we were handed this £200m stadium for free and all the assumptions about these 10k additional fans with a spare £40 a game to spend were true then the best case scenario is another £15m a year to spend.

To put that into perspective another £15m is enough to buy 1 player for £5m and pay him £40k a week on a 5 year contract.

The real thing that is holding us back is commercial income. Liverpool get nearly £70m a year in various kit deals. We get less than £5m.

 

[pfim]

Shareholders today received the report and accounts for 2013 - now an 80 page book compared to the 32 pages from previous years. Turnover is up to a record £87m yielding a net profit of £1.6m. The accounts continue to highlight the dependence on player trading with a £15.6m profit for the year against £14.1m in 2012 and the combined £26.4m profit on player trading in 2010 and 2011.

Summary

Attendances were up by nearly 10% and gate receipts recovered to the 2011 level of £17.5m

Overall turnover was up to a record level of £86.4m (an increase of 7.3% on last year), helped by a £2.2m increase in commercial revenues and £2.9m increase in media.

Earnings before interest, tax, depreciation and amortisation (EBITDA) BEFORE player trading was £1.5m – and with player trading included this figure was £17.1m

EBIT excluding player trading showed a £9.8m LOSS against the £19.2m LOSS in 2012.
Interest paid by the club on loans was £4.2m

Overall Profit before Tax was £1.6m – the first profit declared since 2005, and compares to the overall loss of £9.1m in 2012.

Cash flow before investment was £313k negative and before financing £339k negative although overall cash flow was positive at £8.7m due to the addition of a new loan of £10m

Net debt remains at just over £45m

The overall company balance sheet shows net liabilities of £42.7m and compared to the net asset position of £434,000 in 2005.

The wage bill remains unchanged at £63m

Bolded for emphasis.