Kenwright Quote

[L4Everton]

It was a fair few years ago now, and for the life of me I'm struggling to find it (if it isn't a figment of my imagination) but Bill I recall said something similar to

"we'd need to sell a Wayne Rooney every year for ten years" or words very similar when asked about the clubs finances and debts.

This is pertinent because there have been an awful lot of sales since Wayne was sold and I'm trying to weigh up the timeline and how close as a club we've managed (Lescott, Rodwell, Fellaini) to live up to that self fulfilling prophecy.

 

[Elong]

I wouldn't get to blue about it mate, it suits our business plan to stay afloat financially, it's the way football is these days.

 

[teppic]

The new tv money does seem to have relieved the finances.

It would be lovely if the board, who are actually worth hundreds of millions, were to actually spend some of their own millions!

 

[L4Everton]

Hopefully the club will be out of debt one day, for those dead set against Kenwright it's a hurdle removed from him selling up to the latest Johnny come latelys, those that are onside with him may see it as a first step towards fixing the stadium issue.
I'm trying to do the maths on it and trying to guess where the clubs finances would be comparitively.

 

[Dithering Dougie]

Can't say I've ever read or heard that sort of quote, but if he did say it you can guarantee it would be on the cover of all BU literature and would be easy to down.

 

[BoysInBlue]

It was a fair few years ago now, and for the life of me I'm struggling to find it (if it isn't a figment of my imagination) but Bill I recall said something similar to

"we'd need to sell a Wayne Rooney every year for ten years" or words very similar when asked about the clubs finances and debts.

This is pertinent because there have been an awful lot of sales since Wayne was sold and I'm trying to weigh up the timeline and how close as a club we've managed (Lescott, Rodwell, Fellaini) to live up to that self fulfilling prophecy.

He did say it, but the clubs finances have changed over the past few years since he said it, due to the influx of much more Sky tv money. Of course, everyone else got more tv money too, but then again, not every club has been as frugal with money, haggling over staggered payments etc and the like for transfer fees as we have been.

 

[L4Everton]

I know some of our debt was secured against future season ticket sales. Obviously if we know the TV monies have increased the agents will have and so a like for like in terms of percentage increases will have been the order of the day. Theres been a lot of speculation that the Barkley new contract was to get a minimum release fee implemented, not that I want to see him go. Is that move an admission that the Rooney deal short changed the club and the club have subsequently learned.
We made massive money on Lescott, we got a few quid on Arteta, we got arguably the best right back in the league (at least going forward) for pocket change (£60k) and saved ourselves plenty. Johnson was sold at a profit, but to balance these things we lost out a lot on Yakubu, Van der Meyde, and Bilyaletdinov.

Do any of the dog groomers mates that service the pooches of the execs at the club have any idea regarding the debt and associated financial standing at the club currently?

 

[WA Toffee]

The new tv money does seem to have relieved the finances.

It would be lovely if the board, who are actually worth hundreds of millions, were to actually spend some of their own millions!

Unfortunately, most people savvy enough to be worth hundreds of millions, don't get there by squandering tens of millions. And let's face it, any money put into a football club is pretty much dead money

 

[Groucho]

The financial game has altered now so I wouldn't get my knickers in a twist over it.

If indeed he did say it, it was before this new tv deal.

More recently, this summer Roberto has said we don't need to sell, and we haven't.

I'd go on the more recent info.

 

[Eggs]

The new tv money does seem to have relieved the finances.

It would be lovely if the board, who are actually worth hundreds of millions, were to actually spend some of their own millions!

...yep, times have moved on and the financial climate changed since the 'we must sell' quote.

 

[bizzaro]

Hopefully the club will be out of debt one day, for those dead set against Kenwright it's a hurdle removed from him selling up to the latest Johnny come latelys, those that are onside with him may see it as a first step towards fixing the stadium issue.
I'm trying to do the maths on it and trying to guess where the clubs finances would be comparitively.

Better than Aston Villas. You can find essays on FFP on here by certain users

 

[allen]

As others have said, times have changed.

We may struggle to push on to the next level in terms of transfers (Lukaku will very much be a one-off for now) but we certainly won't have to sell our best players to keep our heads above water. And with his focus on youth, I think Martinez is playing it perfectly.

I can't wait to see us in two or three seasons' time.

 

[Chang Elephant]

He's my hero

 

[SingBlue]

Hopefully the club will be out of debt one day, for those dead set against Kenwright it's a hurdle removed from him selling up to the latest Johnny come latelys, those that are onside with him may see it as a first step towards fixing the stadium issue.
I'm trying to do the maths on it and trying to guess where the clubs finances would be comparitively.

The removal of the debt, or paying down of it at least (I think the securitisation of the season ticket revenue has early settlement penalty clauses) will also raise the value they will seek to line their own pockets. Bought the club for £20m, possibly loaded that cost onto the club (net position went from +£5m to -£20m in 12 months after, making us the first leveraged buy-out) to then swan off with £100m+ between them. But at least one of them is a Blue!