Everton annual accounts

[davek]

So go on...first of all, lets have some evidence of my 'friendship ' will Bill Kenwright.Because your statement is factually incorrect. And is it not a FACT that unlike a couple or so Premier League clubs, we do not have the benefit of a generous billionaire. Are you suggesting that its Bill Kenwrights fault that he isn't a billionaire? Are you a billionaire? If not, is it your fault youre not? Am I a billionaire? You don't know because YOU DON'T KNOW ME.

I do apologise. I took it from your snippets of info about Bill that you were/are a colleague of his in some capacity. You sort of give that impression.

My mistake.

 

[Reidy's Bottle Of Grecian]

So go on...first of all, lets have some evidence of my 'friendship ' will Bill Kenwright.Because your statement is factually incorrect. And is it not a FACT that unlike a couple or so Premier League clubs, we do not have the benefit of a generous billionaire. Are you suggesting that its Bill Kenwrights fault that he isn't a billionaire? Are you a billionaire? If not, is it your fault youre not? Am I a billionaire? You don't know because YOU DON'T KNOW ME.

Location, Location,Location.

I thinks it's safe to say that if you were you'd have moved home & be known as Steve Monte Carlo or Steve Maldives or something.

 

[Steve Wigan]

I do apologise. I took it from your snippets of info about Bill that you were/are a colleague of his in some capacity. You sort of give that impression.

My mistake.

Once spoke five words to him in a theatre. Nothing about Everton. Know a number of people who have done a lot of business with him over the years in his core business(thats the business that pays his bills, etc). I accept your apology for your mistake....you obviously misunderstood, which is unusual for you...

 

[Steve Wigan]

Location, Location,Location.

I thinks it's safe to say that if you were you'd have moved home & be known as Steve Monte Carlo or Steve Maldives or something.

Well played Sherlock

 

[davek]

Once spoke five words to him in a theatre. Nothing about Everton. Know a number of people who have done a lot of business with him over the years in his core business(thats the business that pays his bills, etc). I accept your apology for your mistake....you obviously misunderstood, which is unusual for you...

Thanks Steve.

 

[West]

Must say I'll be so f&@king pissed if we don't sign anyone day looking at the accounts

 

[pfim]

It should be noted that player purchases are included in operating costs, so the player trading figure is only transfer fees received.

Are you sure about that? I was under the impression that player registrations were capitalized assets which are amortized over the life of their contracts.

I haven't followed the discussion too well here, but some thoughts:

Pros
Turnover has increased across all sectors
Posting a net profit is always good, though its meaning is distorted here (not by you)

Cons
The majority of the cash we generated in this fiscal year was due to new debt financing

Guys, you do understand that if you make a 1.6M net profit, you don't necessarily have 1.6M in cash, right? Included on the income statement are a lot of non-cash charges, and the acquisition/sale of capitalized assets are not included (unless you make a loss on a sale).

Given the large amount of intangible assets (players) a club has, the income statement can be highly misleading.

The numbers (turnover, revenue) are definitely a step in the right direction and what this club needs to really focus on. However, as it pertains to acquiring new players, cash is king. You don't buy players with income, you buy them with cash.

 

[toffeestillidie]

The figures are broken down thus:

- Turnover minus operating costs
- Then player trading is taken into account
- Then debt repayments
- Then taxation

In 2012 those figures were respectively:

- minus £19 million
- plus £14 million
- minus £4 million
- no tax

Thus a loss of around £9 million last year (2012).

This year the figures are:

- minus £9.8 million
- plus £15.6 million
- minus £4.2 million

This overall leaves a profit of £1.5 million.

It should be noted that player purchases are included in operating costs, so the player trading figure is only transfer fees received.

Now I can't remember a year when figures weren't similar to these, ie next to no profit OR a loss, so history shows we're spending as much as we can afford already.

I must be reading this wrong, the bolded figure is "player trading" correct? And that takes into account sales but not purchases?

If that's the case, shouldn't it be much higher than 15 million (Fellaini, Anichebe, Jelavic...) I would think it should be close to 35 million

 

[Moomin]

I must be reading this wrong, the bolded figure is "player trading" correct? And that takes into account sales but not purchases?

If that's the case, shouldn't it be much higher than 15 million (Fellaini, Anichebe, Jelavic...) I would think it should be close to 35 million

They will be in next years accounts, its season 2012/13 accounts.

 

[pfim]

I must be reading this wrong, the bolded figure is "player trading" correct? And that takes into account sales but not purchases?

If that's the case, shouldn't it be much higher than 15 million (Fellaini, Anichebe, Jelavic...) I would think it should be close to 35 million

The club's fiscal year end is 5/31/2013, so all of those summer sales and acquisitions will be on next year's accounts.

 

[Boss Lid]

So the accounts for 2013/14 (unless we sign sign someone on mega money in the next 5 hours) will show the same level of expenditure, but income, the new tv deal (£30 million) and players sales/purchases ( nett income £15 million) should in theory wipeout our debt of £45 million ?

 

[Tubey]

So the accounts for 2013/14 (unless we sign sign someone on mega money in the next 5 hours) will show the same level of expenditure, but income, the new tv deal (£30 million) and players sales/purchases ( nett income £15 million) should in theory wipeout our debt of £45 million ?

Sort of. Very much "in theory" though; in reality, no.

 

[pfim]

So the accounts for 2013/14 (unless we sign sign someone on mega money in the next 5 hours) will show the same level of expenditure, but income, the new tv deal (£30 million) and players sales/purchases ( nett income £15 million) should in theory wipeout our debt of £45 million ?

Our debt is manageable, there's no reason to pay it off early.

 

[Moomin]

Our debt is manageable, there's no reason to pay it off early.

What if the directors wanted to do, would give them a better return if the club was sold.

 

[pfim]

What if the directors wanted to do, would give them a better return if the club was sold.

Not necessarily, would depend on what they did with the cash instead of paying down debt.