Financial Positives - estimated savings...

[anchorman]

Not a good transfer window. But, for the long term financial security of the club, an important one.

Players out, estimated fee, (estimated wage)

Arteta, c£9m post fee to Real Sociedad, (75k)
Yakubu, c£2m, (50k)
Vaughan, c2.5m (20k)
Beckford, c£4m (30k)
And probably Yobo to Fenerbache on Monday, c£2.5m (50k)

Total estimated fees: £17.5m-£20m
Total estimated wages saved: £175k-£225k per week

Ins

Dier, small loan fee c£250k? (5k)
Drenthe, small loan fee c£500k (35k)
Tracqualursi, small loan fee c £250k, (10k)

Total estimated fees c£1m
Total wages c50k

Balance

Net transfer fees: c£19m
Net weekly wages saved: c£175k
Annual wages saved: £9.1m

Admittedly these are all estimates above, but within reason. Naturally there will be disagreements but thought the figures were roughly close to the truth. Some may be higher, some lower...

Also, I appreciate fees are spread over time, agents take a cut etc.

What the club has to do is pay off the debt that is racking up the most interest, so we are a better prospect for potential buyers.

And yes, this is a very simple way of looking at what has happened financially. But the point is that potentially £20m can be wiped off in terms of debt in the space of 12months.

And eventually, we'll be in a stronger position once again.

 

[RFUS]

I sense some of your figures are off but generally if it pans out like this I'll begrudgingly accept it.

Realistically if we'd had a net spend of £30 million this year I don't think we could have usurped Liverpool, Arsenal or Spurs. I see 7th place either way.

 

[Waddy]

I really dont think we have struggled to pay the bank back, I really dont.
TV revenue will cover it easily I think. In my opinion its money borrowed from private investors at higher rates. If things are to be believed Green lent BK the money to Buy Yak and thats been paid back over the years at a good rate of interest. So if green has lent the club money, then which other board members have lent money?

Also, I think the reason why BK has borrowed money from people like Green isnt just because we couldnt get it from the bank, i think the boys club rules came in and Green lent BK the cash with his interest rate as a favour, but as time has gone by and the economy has collapsed these debts have all been called in.

If you dont service the banks debt, you dont stay in business so I think the club has always paid the bank. In the good times an over draft of 100m would have been easy to get, in bad times they will give you an over draft to whatever you owe and keep decreasing it until its gone.

Its purely **** business dealings catching up. Which I am hoping the Arteta cash will finish off.

 

[chicoazul]

Realistically if we'd had a net spend of £30 million this year I don't think we could have usurped Liverpool, Arsenal or Spurs. I see 7th place either way.

Yep, very good point indeed. So close yet so far.

We're in Premiership purgatory.

 

[froggyted]

I can only hope that the improvement of the Club's finances over this transfer window was a deliberate ploy to make the Club more saleable, and nothing less, and that as a result the Club are in new hands before the end of this season. Otherwise, imo, Moyes walks, and some of our star players will want out too, and then it's just a rapid downward spiral to the Championship.

 

[sw blue]

I like your thinking, though like RFUS said, I believe your estimates are a little off (Wages are 5-10K to high for everyone except Arteta) & I believe Beckford's fee was £2.5 million rising to £4million with add ons etc.

If Yobo goes through I think the savings would be be closer to the £25 million mark at the end of the year.

The paper's report that Moyes will have a bit of a budget for the January transfer window. However, if we are in the top half come January I'd prefer the money to go back to the bank.

We know the chances of being invested in are somewhere between slim & remote, so the club might as well try & improve our position with the bank. Otherwise we might be in the same situation as this summer again sooner rather than later.

 

[Tubey]

I sense some of your figures are off but generally if it pans out like this I'll begrudgingly accept it.

Realistically if we'd had a net spend of £30 million this year I don't think we could have usurped Liverpool, Arsenal or Spurs. I see 7th place either way.

Yep, very good point indeed. So close yet so far.

We're in Premiership purgatory.

Now who's pessimistic?!

 

[Goat]

I just know we lost the best and most creative player we had in our squad.

Like I care about money.

There are no postives to selling Mikel Arteta.

 

[RFUS]

Now who's pessimistic?!

No I'm being realistic.

Pessimistic is saying things like "relegation within 5 years" and how "we'll finish 10th-12th" this year.

 

[froggyted]

Arteta was a shadow of what he once was imo. Hopefully Drenthe will more than make up the loss of Arteta's creative skills, if only for one season.

 

[Warzycha's Caterpillar]

I just know we lost the best and most creative player we had in our squad.

Like I care about money.

There are no postives to selling Mikel Arteta.

Checks to see if Baines and Barkley have left...

 

[RFUS]

Arteta was a shadow of what he once was imo. Hopefully Drenthe will more than make up the loss of Arteta's creative skills, if only for one season.

This is my biggest worry now to be honest. Well aside from us jibbing Beckford and consigning ourselves to another season of one isolated striker.

If he's good then he's available for free to anyone. I just can't see him staying unless we get into Europe and he settles here quickly; being bitten by the blue bug.

I have read that "he just needs to be loved" etc etc. He needs fans to get behind him and to become a bit of a club icon. I think that can happen here. Fingers crossed.

 

[anchorman]

Yep, I'm sure a few of the figures are off, but wages look about right as Yak was a record signing, Yobo has been with the club 9 years and I'm sure his wages has crept up. Beckford might be too high but was a Bosman and you often pay a premium to snag someone. Vaughan maybe too high, but you never know.

Either way the principle is the same, the club need to use these savings to pay off the debt that is holding us back. And according to some, we have negotiated some rather poor interest rates on loans historically...

Also, would the worst thing to do with the Arteta cash be to buy out Finch Farm? As I understand the board are leasing at a silly rate. No doubt we'll negotiated an exorbitant buy out cost/penalty!

 

[Goat]

Checks to see if Baines and Barkley have left...

Arteta was creating goals whilst Barkley was still in Primary School.

And dont get too attached to either, they will be sold, like everybody is.

Its pointless having idols at Everton, they get sold cos our Board are clueless.

 

[anchorman]

I just know we lost the best and most creative player we had in our squad.

Like I care about money.

There are no postives to selling Mikel Arteta.

Either way, it's done. Gotta move forward. Also, sadly almost the whole game is built on money so it kind of plays a big part, whether you care or not...