Everton debt

NEWSWEETTOFFEE · August 7, 2016

Will Everton debt become bigger than the one from 2014/15 accounts?

Everton earned more from TV money in PL, reached two domestic semi-finals, but didn't play in Europe and spent money on Cleverley, Deulofeu, Tarashaj, Funes Mori and Niasse. I am guessing that we will see an increased debt for a couple of millions (40 million pounds was in last accounts). There is the link of analysis of the numbers (do whatever is needed to be done with it):
http://swissramble.blogspot.ba/2015/11/everton-behind-blue-eyes.html#comment-form

Toffeeslam · August 7, 2016

I thought the debt had been cleared

Exeter Gently · August 7, 2016

There is no dept anymore you silly bratwurst

bizzaro · August 7, 2016

NEWSWEETTOFFEE said:
Will Everton debt become bigger than the one from 2014/15 accounts?

Everton earned more from TV money in PL, reached two domestic semi-finals, but didn't play in Europe and spend money on Cleverley, Deulofeu, Tarashaj, Funes Mori and Niasse. I am guessing that we will see an increased debt for a couple of millions (40 million pounds was in last accounts). There is the link of analysis of the numbers (do whatever is needed to be done with it):
http://swissramble.blogspot.ba/2015/11/everton-behind-blue-eyes.html#comment-form

The situation within the accounts will be incomparable.

There has been significant changes in how the company is organised and the bulk of the debt is secured long term debt with early pay off penalties.

Won't know what is happening with it until later in the year other than what people in the know about specifics on the changes in the business (@The Esk) start discussing it in greater detail. Later in Q3 2016.

NEWSWEETTOFFEE · August 7, 2016

Well, i really didn't pay attention to financial side of the club this year (until now). Did Moshiri pay the debt?

tommye · August 7, 2016

*sighs, shakes head and exits thread.

Goat · August 7, 2016

bizzaro said:
The situation within the accounts will be incomparable.

There has been significant changes in how the company is organised and the bulk of the debt is secured long term debt with early pay off penalties.

Won't know what is happening with it until later in the year other than what people in the know about specifics on the changes in the business (@The Esk) start discussing it in greater detail. Later in Q3 2016.

We are already in Q3 Damo.

bizzaro · August 7, 2016

MoutsGoat said:
We are already in Q3 Damo.

Yes, but Esk will no doubt be posting some articles on the subject prior to the publishing the accounts in Q4.

Goat · August 7, 2016

bizzaro said:
Yes, but Esk will no doubt be posting some articles on the subject prior to the publishing the accounts in Q4.

The accounts will certainly be an interesting read.

Tramps_mate · August 7, 2016

MoutsGoat said:
We are already in Q3 Damo.

Does it not go from beginning of april as Q1?

bizzaro · August 7, 2016

MoutsGoat said:
The accounts will certainly be an interesting read.

Exactly it might pipe a few people down when they see long term improvements to the situation within the club compared to the Kenwright era.

But lets not preempt it.

The club needs to be focused on signings prior to the closing of the window. Then the financial analyses will no doubt begin along with seeing what results look like. @The Esk

I've said it, I will say it again. This is a three year project. Not a one summer project.

People don't listen. But... there you go.

Goat · August 7, 2016

Tramps_mate said:
Does it not go from beginning of april as Q1?

I always thought our accounts were year end, so our Q3 would be different, could be wrong like.

bizzaro · August 7, 2016

MoutsGoat said:
I always thought our accounts were year end, so our Q3 would be different, could be wrong like.

Our accounts are year end and the year end is in Q4.

*edit. businesses have different 'year ends' depending on incorporation; although they can move their year end with permissions. EFC's is towards the end of the year in the forth calendar quarter.