Here's why I think we will finally have money to spend

[Bobby Martins barmy army]

In other news, Man City just spent €40mil on a 28 year old Ukrainian league player.

 

[riddick]

Well Mucha was on 20k a week or there so, Heitinga is on 65k a week and he'll be off. Neville was on around 40-50k a week, Moyes was on 65k, Fellaini is on around the same as Neville. So with all them leaving (fellaini and heitinga likely but not certain) it'll certainly free up some room.

fellaini undoubtedly was the highest earner in the club.

 

[Essex Blue]

I've highlighted that bit, because in principle it should be like that, but it won't.

Clicky da linky, and go to Joe Beardwood's excellent PDF on our accounts. The first table will show the amount of money we have organically grown and also what money we have received from the tv deals. Look at 06/07 figure for the TV, it was 27 million. The 07/08 season it was 46 million, it nearly doubled. But yet, just look at the next few years of our net debt, it keeps on growing.

Now with this extra money, in theory we should make a profit. But, all we will do is make bigger bridging loans with shady financial groups and grow the debt. History proves this, and while we have this current board in charge and the likes of Elstone, it will not change.

Apparently Paul Tyrell is to be fired?? a rumour i got told earlier.


http://www.toffeeweb.com/season/12-13/news/23366.html

Investment in the playing squad also increased during that period, we wouldn't have been able to offer, maintain and increase the deals that were given to the likes of Fellaini, Arteta, Jagielka, Yakubu and all the other big name, big wage players we have had since the season before the last TV deal, and there has been plenty of them.

I don't see why it should be any different this time around, especially with the massive increases coming from the foreign TV deals. The US TV deal has increased from 23million dollars to 250million dollars:
http://sportsillustrated.cnn.com/soccer/news/20130416/english-premier-league-nbc-tv-coverage/

 

[toffeeben15]

Getting rid of fellani should free up money to spend on players . I would prefer everton to sell fellani and use that money for transfers then use the tv money to improve on the commercial and marketing side . We need to start making money instead on praying on player sales and tv money . In my opinion if we are going to use tv money for players then we should save some for the winter transfer in case we need some more recruits like we needed this season but we didnt get

 

[Moomin]

Investment in the playing squad also increased during that period, we wouldn't have been able to offer, maintain and increase the deals that were given to the likes of Fellaini, Arteta, Jagielka, Yakubu and all the other big name, big wage players we have had since the season before the last TV deal, and there has been plenty of them.

I don't see why it should be any different this time around, especially with the massive increases coming from the foreign TV deals. The US TV deal has increased from 23million dollars to 250million dollars:
http://sportsillustrated.cnn.com/soccer/news/20130416/english-premier-league-nbc-tv-coverage/

Yes, all the players agents will be angling for new deals with the new tv cash coming in. The wages will show a significant jump in the accounts for next season ( Jan 2015 will have to wait for to see them )

 

[degsy]

Other Operating costs are forecast to top £40M this year and swallow up the tv money

nailed it in one

 

[Jeff Jones]

Sorry mate, you seem sound enough in the other threads. There's just been a few Kopite trolls joining up recently due to the manager situation and that being one of your first posts.

Yes, but you're not allowed to out them. Well,I suppose you can if you know for sure. I'm on a yellow for it.

Not suggesting you're one, Bob, btw.

 

[ToffeeDan]

We will have money to spend because Kenwright NOW has a man he can trust.. An honourable man who - yes he has walked or talked his way out of a job at Wigan - has replaced a dishonourable man who refused to commit.

I have it on very good authority (press source) that Kenwright was incandescent with rage over Moyes desire to go to Man U from some time back. The lack of compo costing us a lot of money and almost certainly the deciding factor in United's appointing Moyes. BK is keeping this inhouse but it may well have influenced him in not staying in house and seeming indifference to losing part of the backroom team.

Watch this space if United really think Baines on the cheap is going to happen. BK may appear a bit dim but he can bite back.

 

[Deloodid]

thats why i think the board wouldnt give Moyes the money for Fer or Negredo. If moyes was a player he would be labelled Judas for walking out of this club on a free to the richest club in the world.

 

[Petit]

We will have money to spend because Kenwright NOW has a man he can trust.. An honourable man who - yes he has walked or talked his way out of a job at Wigan - has replaced a dishonourable man who refused to commit.

I have it on very good authority (press source) that Kenwright was incandescent with rage over Moyes desire to go to Man U from some time back. The lack of compo costing us a lot of money and almost certainly the deciding factor in United's appointing Moyes. BK is keeping this inhouse but it may well have influenced him in not staying in house and seeming indifference to losing part of the backroom team.

Watch this space if United really think Baines on the cheap is going to happen. BK may appear a bit dim but he can bite back.

BK has not once come across as a bit dim to me, on the contrary the impression I get is that the man is very intelligent. Also, I agree with you that BK can probably be a bit of a [Poor language removed] in a negotiation. He´s no soft touch, that´s for sure.

I´d love for what you say to be true, but it sounds like faulty logic to me. Surely Bill would have made every single penny he could muster available to Moyes this season, and by doing that increasing his chances of securing both 4th and Moyes agreeing to a new contract. Holding it back for "the next man" would seem to defeat it´s on purpose.

 

[ToffeeDan]

I think the United timeline kicked in at Xmas when SAFs Sister in law died. I also mean more money coupled with the TV deal and possible loss of Fellaini. It all fits together in a convenient "make more money available for the new guy to get a kickstart" plan.

We were slated to get Fer apparently so there was (and should be) money to use. Plus our Amortisation on existing transfers is relatively low and given the inflow in recent years from Arteta and now Rodwell our transfer dealing has been the one key indicator on the accounts to show a major positive contribution.

 

[Moomin]

We will have money to spend because Kenwright NOW has a man he can trust.. An honourable man who - yes he has walked or talked his way out of a job at Wigan - has replaced a dishonourable man who refused to commit.
I have it on very good authority (press source) that Kenwright was incandescent with rage over Moyes desire to go to Man U from some time back. The lack of compo costing us a lot of money and almost certainly the deciding factor in United's appointing Moyes. BK is keeping this inhouse but it may well have influenced him in not staying in house and seeming indifference to losing part of the backroom team.

Watch this space if United really think Baines on the cheap is going to happen. BK may appear a bit dim but he can bite back.

I'm going to guess, sarcasm???

 

[ToffeeDan]

I'm going to guess, sarcasm???

No, realism. There's no doubt Martinez might be accused of not being honourable. I had a lot of time for Moyes the manager - but he's gone down in my estimation by the way he manipulated this scenario on the QT.

 

[toffee-boy]

Kenwright has just suggested there will be funds available to Martinez. The temptation is to laugh of course.

BUT

Everyone knows we have typically made a loss of £5m a year, year in and year out over the last 5 or so years of the accounts. You can read quotes from Elstone and/or Kenwright on this.

Since the last published accounts we have, I think, cut the wage bill a bit, no Arteta, Cahill, Beckford, Bily, Yobo, Rodwell, Yak. Some big earners there. No Neville now as well. Yes there is now Gibson, Jelavic and Mirallas. But surely that all adds up to a cut wage bill.

Now for the biggy. The new TV deal is worth a gobsmacking £20m a year more than the last one. To every club. More still if you do well. There is naturally a lot of guesswork here but there is no way we are going into the future, with the playing staff as it stands, making a loss every year. The TV deal alone ought to turn us from a £5m loss to a £15m profit, or £15m a year available for transfer fees or wages.

It is the same for everyone of course. It already seems to me that clubs are out there busily spending. Everton will just have to be smarter than the others as we have been before. And we never have to return to the days of making a loss each season and being forced to sell a player a year. Not unless the board again chooses to operate in that way.

Feel free to discuss/pick holes/argue with me. Best way of learning is to argue with someone.

Cheers

Also just to add fuel to the fire ... i think its around 7m a year that everton pay in interest to the banks on the loans ... i hear the term of the interest is coming to an end and has to be renewed what means we should have a lower interest rate, I know that manu cut there's by 10m a year.

I would also like to see us still becoming debt free

 

[toffee-boy]

BK has not once come across as a bit dim to me, on the contrary the impression I get is that the man is very intelligent. Also, I agree with you that BK can probably be a bit of a [Poor language removed] in a negotiation. He´s no soft touch, that´s for sure.

I´d love for what you say to be true, but it sounds like faulty logic to me. Surely Bill would have made every single penny he could muster available to Moyes this season, and by doing that increasing his chances of securing both 4th and Moyes agreeing to a new contract. Holding it back for "the next man" would seem to defeat it´s on purpose.

watching everton TV today it stated that bill .. "ive told david not to come for baines" .. makes me think he's been given the ok for felli