Everton annual accounts

[Moomin]

Why wouldn't he? Given our last accounts had us making a profit, a huge surplus from recent player sales, and the new TV deal?

What if that tv deal and player sales is being used to pay debt.

Even though the accounts showed a profit, we had a minus cash flow. Only that new loan we took out gave us some capital to play with. Net debt is still the same, maybe the sales and tv deal is being used to pay the payday loans we have and leaving some money as cashflow.

 

[Minimeister]

McGeady is more of a winger, and Traore is on loan.

Could we not spend decent money on players seeing as we have a player trade surplus of at least £9m for this season alone ?

And i think you clearly misunderstood his post if you think he was using them as an example of a club who do transfers well. The point that they normally dont was exactly why he brought them up. If they can get good deals, why can't we ?

No I still don't get it then. So they spend 20 mill on two players who have proved good value but we'll only beat our own club with those examples when they've blew 300 mill on 20 odd other players? If we were them we'd of been bankrupt long before Coo (there song for him has to be up there with the most cringe inducing by the way) and the dancing twot came along.

 

[Tubey]

No I still don't get it then. So they spend 20 mill on two players who have proved good value but we'll only beat our own club with those examples when they've blew 300 mill on 20 odd other players? If we were them we'd of been bankrupt long before Coo (there song for him has to be up there with the most cringe inducing by the way) and the dancing twot came along.

Putting it simply - Liverpool managed to get two players in for good values in January; the same club who blew away £35m on a horse.

So why can't we wheel and deal that way if a club so inept at transfers they're the laughing stock of Europe can do so? The very fact they're usually so bad proves that it can actually be done.

 

[Minimeister]

For what, a nominal fee and a loan!? That's hardly backing a manager in a transfer window - that's what you'd expect a League 1 club to do in a transfer window.

And I'm clearly talking in addition to those - McGeady is a winger, Traore is injured and a loan. We have a dire need for a fit striker and a spark of creativity in the centre of midfield to take the weight off Barkley.

If Liverpool, with all their financial might, can negotiate such deals in January, surely a club that is not expected to splash the cash can shrewdly negotiate this month too?

I might be in the minority but 8 mill doesn't seem a huge bargain for Coutinho and the other idiot was damaged goods and the type they needed to take a gamble on rather than a sure thing.

I just think it's too early to be critical until we know Martinez won't have any money in the summer. If that is the case then you'll be right.

 

[Brennan]

No I still don't get it then. So they spend 20 mill on two players who have proved good value but we'll only beat our own club with those examples when they've blew 300 mill on 20 odd other players? If we were them we'd of been bankrupt long before Coo (there song for him has to be up there with the most cringe inducing by the way) and the dancing twot came along.

I'm not sure why you don't get it really.

A team that spunks money up the wall on crap has managed to find good players in January. Surely a club who is much more careful and considered with their money could find decent buys in the same part of the year.

 

[Goat]

Look at Newcastle, another laughing stock of the League, they sell a player yesterday and today they are bidding for top class players.

 

[The Esk]

I've had a good think about this - this year's broadcast revenues were already offered as collateral against last year's loans. Clearly from the accounts there is no meaningful net cash generation prior to the new TV revenue increase, but as I mentioned above any increase in revenues this season can be ignored for investment purposes as it is already used as collateral for previous loans.

Hence the reliance on the loan market at the beginning of the season, and the only "one in if one goes out" policy this window.

Funds will only be available this summer (2014) when a combination of use of increased revenues in season 2013/14 and borrowings based on future revenues become available.

 

[davek]

Another question - Martinez targeted Fernando "as well as" McCarthy in the summer. So in August he identified the need for a defensive midfielder.

Gibson has been injured seriously since then and we have no cover whatsoever for McCarthy and Barry if there's an injury.

What's changed, other than a lot of money going into the coffers? Given Fernando would have cost around £6m I believe.

Since then, we've had many injuries and we were unsure if we'd be challenging for continental qualification this year. So surely the argument to strength now is much, much greater than it was in August?

Too many questions, no convincing answers. I refuse to believe a manager would turn down funds given the position Martinez is in, unless he's utterly mad, and targets are available as other clubs are proving.

Martinez's highlighting of that weak point needing to be strengthened, and then the complete ignoring of it from two weeks back will be one of the biggest mysteries of this transfer window. It's not like the purchase of McGeady or Traore influenced the decision to quietly drop the need for cover there.

 

[Brennan]

I've had a good think about this - this years broadcast revenues were already offered as collateral against last year's loans. Clearly from the accounts there is no meaningful net cash generation prior to the new TV revenue increase, but as I mentioned above any increase in revenues this season can be ignored for investment purposes as it is already used as collateral for previous loans.

Hence the reliance on the loan market at the beginning of the season, and the only "one in if one goes out" policy this window.

Funds will only be available this summer (2014) when a combination of use of increased revenues in season 2013/14 and borrowings based on future revenues become available.

We've made £30m more this season from the new TV deal, why would all that be offered as collateral ?

 

[Goat]

That was always my fear, we are basically gambling on finishing as high as possible, it doesnt matter to the Club if we finish 5th or 6th, they have no reason to want the CL, cos despite the increase in revenue, they know we would need an increase in quality players and an increase in the wage bill.

NSNO my ring.

 

[Minimeister]

Look at Newcastle, another laughing stock of the League, they sell a player yesterday and today they are bidding for top class players.

hahaha serious?? They sell their best player and that's good is it? I'm sure we could sell Barkley and be in for our own top class players tomorrow mate.

 

[Tubey]

I might be in the minority but 8 mill doesn't seem a huge bargain for Coutinho and the other idiot was damaged goods and the type they needed to take a gamble on rather than a sure thing.

I just think it's too early to be critical until we know Martinez won't have any money in the summer. If that is the case then you'll be right.

Well, OK, look at our transfer dealings in the past. Steven Pienaar, identified, brought in, alright it was a loan but it was still identified and brought in. Kevin Campbell, Nikica Jelavic... both goalscoring strikers, both made MASSIVE differences to us in the short term. Darron Gibson, identified in January, out of favour, nominal fee, great signing for the money.

All of those players were impact players that made significant differences to our season and came in for varying fees, some substantial, some not, but you'd expect with the injuries to Lukaku and half our squad to see movement.

Let us see; this may be all in vain as we could very well bring in two players tomorrow, who knows, but I'd honestly be stunned if we didn't as I can't think of even one legitimate reason why we wouldn't be at the very least looking at spending £5m against future TV money or something.

 

[Minimeister]

Well, OK, look at our transfer dealings in the past. Steven Pienaar, identified, brought in, alright it was a loan but it was still identified and brought in. Kevin Campbell, Nikica Jelavic... both goalscoring strikers, both made MASSIVE differences to us in the short term. Darron Gibson, identified in January, out of favour, nominal fee, great signing for the money.

All of those players were impact players that made significant differences to our season and came in for varying fees, some substantial, some not, but you'd expect with the injuries to Lukaku and half our squad to see movement.

Let us see; this may be all in vain as we could very well bring in two players tomorrow, who knows, but I'd honestly be stunned if we didn't as I can't think of even one legitimate reason why we wouldn't be at the very least looking at spending £5m against future TV money or something.

An hour to go in the last window we were all pretty down mate. If we sign Ever Banega tomorrow then we can all watch Jim White till the bitter end.

 

[Tubey]

hahaha serious?? They sell their best player and that's good is it? I'm sure we could sell Barkley and be in for our own top class players tomorrow mate.

That's not his point - he's saying that they've been weakened and have immediately set about to strengthen as they've identified a weakness.

If Newcastle hadn't sold Cabaye they wouldn't need to strengthen. However, if Cabaye had been injured, they would have went out and looked to strengthen the squad in my opinion. That's the difference with us - we're clearly battered with injuries, we should have money to cover that problem as we go for European qualification, and we seem perfectly find with sitting on our hands and not having a first team striker fit for a key cup game and winnable league games.

 

[Brennan]

hahaha serious?? They sell their best player and that's good is it? I'm sure we could sell Barkley and be in for our own top class players tomorrow mate.

We sold Fellaini for £27m, Anichebe for £6m. Since then we bought McCarthy for £13m and possibly spent £8m on three loan players in Deulofeu, Barry, and Lukaku. That leaves £12m. Then we sold Jelavic for at least £5m basic. That's £17m. McGeady in for say £2m leaves £15m, then maybe a £2m at a big stretch for the Traore loan. That still leaves £13m from player trading and that is even with very pessimistic loan estimates.

It's a joke.