Fellaini

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Baines' left foot said:
I think Fellaini and Baines are as good as gone. £40m for the pair, with Moyes getting around £30m of that. I don't think that's bad business in all honesty, and although I'd be gutted to see one of them go let alone both, we've got to accept that we're a selling club and this will happen nearly every year. There's no point getting distraught over it.

I think Moyes could do a lot with £30m, if he's still here mind. The guy can pick a player that's for sure.
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FUME.
 
Baines' left foot said:
I think Fellaini and Baines are as good as gone. £40m for the pair, with Moyes getting around £30m of that. I don't think that's bad business in all honesty, and although I'd be gutted to see one of them go let alone both, we've got to accept that we're a selling club and this will happen nearly every year. There's no point getting distraught over it.

I think Moyes could do a lot with £30m, if he's still here mind. The guy can pick a player that's for sure.
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Why not just sell a player for 10 mil, give it to the bank, and keep Baines and Fellaini? Would we be better off with Baines and Fellaini staying as opposed to a 30 mil poo poo platter of assorted footballers, none of whom will be as good as Baines and Fellaini.
 
Roztitute said:
FUME.
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Me too mate, but I reckon it could be quite exciting in a way, if they both went then there's going to be a few ins and then we can surprise everyone in the league with our unknown players and do dead good from August then we'll beat everyone and do a Monpellyerr and win der leeg.






:'(
 
Mekias said:
I always knew Fellaini would leave if he ever started to reach his potential. He's now reaching his potential and the big clubs are taking notice. But at least Fellaini has given us a chance to make money in the process. He didn't have to sign that new contract. Much respect to him for that. If he does end up at Chelsea, Madrid or someone else, I'll be happy for him. Can't expect a world class player to stay at Everton when we can't offer him European football.

Speaking of the money, if we got £26 mill, would it really be a horrible thing if we used a good chunk of that to pay off some of our "bad" debts? It's certainly not a sexy thing and might send a bad message to the players and supporters but these bad debts have seriously hurt our ability to compete financially in the last few years. The lack of any kind of long-term vision by the board has put us in this position. We have no money, no credit, bad debts, no way to improve/move from Goodison, no way to improve turnover (due to deals like Kitbag). Hell, we're even paying £1 mill a year to use our own training facilities. Maybe it's time to start thinking long-term instead of hoping for a billionaire to swoop down and save us from the horrors of mid-table mediocrity. Maybe if we pay off some of these bad debts, our credit will get better and we can actually use our turnover to improve the health of the club.
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I hear your arguement and from a financial side of things, its always a better decision to pay off bad loans / credit first. Even better than having a savings account in personal finance, but in this case i would advise against it.

Because football is tangible product, investment to improve the product is the wisest course of action as the overall reward should exceed the risk.
A payment to the loan debt does free money to invest into the product, BUT we are paying what could be compared to as a line of credit (credit card) there will always be interest which deminishes the returns of future investment.
Paying off the debt with a player sale limits the overall amount we can invest into new players because the bank sets a overall limit on what Everton can borrow.

NOW the alternative which seems more prudent is to invest the money from a player sale into better quality players. We all agree for 20Mil, we could conceivably get 2-3 (maybe 4) above average players. (I am thinking pienaar, donovan and +1) and I believe most agree, we are really 2-3 players from European football.
The profit from a higher finish + Europa football / Champions league outwieghs the risk involved.

Another way to put it

We would need to sell 2 Fellainis + Baines in order to be debt free. Can we afford to be 6 players away from European football in order to again borrow $XXX. Do you see us developing enough players to qualify for Europe?
vs
Sell 1 Fellaini purchase 2-3 players to break even in current fiscal year.
Earn European + high EPL finish = source of future revenue which can pay debt AND invest into futher quality.

The risk? Tanking. Which is on Moyes. But that is a variable factored into both scenarios.

makes sense?
 

Skeleton Crew said:
I hear your arguement and from a financial side of things, its always a better decision to pay off bad loans / credit first. Even better than having a savings account in personal finance, but in this case i would advise against it.

Because football is tangible product, investment to improve the product is the wisest course of action as the overall reward should exceed the risk.
A payment to the loan debt does free money to invest into the product, BUT we are paying what could be compared to as a line of credit (credit card) there will always be interest which deminishes the returns of future investment.
Paying off the debt with a player sale limits the overall amount we can invest into new players because the bank sets a overall limit on what Everton can borrow.

NOW the alternative which seems more prudent is to invest the money from a player sale into better quality players. We all agree for 20Mil, we could conceivably get 2-3 (maybe 4) above average players. (I am thinking pienaar, donovan and +1) and I believe most agree, we are really 2-3 players from European football.
The profit from a higher finish + Europa football / Champions league outwieghs the risk involved.

Another way to put it

We would need to sell 2 Fellainis + Baines in order to be debt free. Can we afford to be 6 players away from European football in order to again borrow $XXX. Do you see us developing enough players to qualify for Europe?
vs
Sell 1 Fellaini purchase 2-3 players to break even in current fiscal year.
Earn European + high EPL finish = source of future revenue which can pay debt AND invest into futher quality.

The risk? Tanking. Which is on Moyes. But that is a variable factored into both scenarios.

makes sense?
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I see what you're saying. I'd just be worried what would happen if we continued like this (i.e. spending more than we make) and never made it back to Champions League. The cash rewards from Europa aren't near as significant (maybe £1-5 mill, depending on how far you go) and wouldn't really help the financials too much.

I'm not advocating paying all of the debt. A certain amount of "good" debt is perfectly fine and even encouraged for a business. I think I read somewhere last year that Everton's "bad" debt is in the £15-20 mill range but my memory is a bit foggy. These are debts that we incurred after losing our credit with the reputable banks and ended up taking loans for high interest, high repayments.

I'm not a financial expert by any means so I don't really know how these debts affect Everton but it seems to me like it's pretty significant. Mainly, I just want to see the board develop a long-term plan for the club that doesn't 100% rely on investors/new owners to survive.
 
chicoazul said:
I asked Dylan to reinstate the Ghost and he agreed but is ignoring me now. Can we please unban the Ghost. He'll come back like. And England are playing right now.
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He'd last what? One week? We'd need to have a pool set up on the deal, like a vBookie on "How long will Ghost last" down to the day and hour.
 


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