Peter Johnson you bad ted.
Peter Johnson you bad ted.
Fairly sure the facts presented back up my claim.
In case you missed my case.
Ken
Is
Wrong
Spread over years the final outcome would look like this :
Ken
Is
Wrong
So I would like to see you pick holes in that arguement.
Yep, I get what you're saying now. The -£75M net worth figure is reached without intagible assets, which seems an unreal way of determining worth of a club. But that's the way these people roll, I suppose. Tracking net asset/liability over time would maybe be the more pertinent way of judging what's happening (currently -£29.8M from £434,000 five years ago). That's a developing hole.
Then you start getting into non-cash charges, like the amoritisation of player contracts, and it really doesn't look all that bad. Certainly, they are not cash-rich and would struggle to get additional financing without selling a player or drastically improving the top line. But it seems like a stable situation, but stable doesn't seem to be what anyone wants.
Then you start getting into non-cash charges, like the amoritisation of player contracts, and it really doesn't look all that bad. Certainly, they are not cash-rich and would struggle to get additional financing without selling a player or drastically improving the top line. But it seems like a stable situation, but stable doesn't seem to be what anyone wants.
Its all relative.
If other clubs start increasing assets and investing in infrastructure over the next few years then we really will be made to look like we're standing still.
That is the worry. Sluggish or even zero growth is not good for Everton long term.
This is why its unacceptable. Regardless of previous errors or hindsight. I'm looking what's going to happen over the next 5 years.
I'm not sure where you get the description 'stable' from when highlighting what's happening at Everton. Stable in what way? The club are a competitive organisation that's slipped off the pace and are now upper-mid table, and that's because the manager is forced into balancing the books for the club by agreeing to limit his ambitions for squad building. Whilst all that's been taking place the club's total liabilities continues to increase; operating costs outstrip revenue; there's nothing in the bank; the prospects of re-booting the club by infrastructural improvements is zero; and the management style of the club is absentee landlordism.
I dont think stabiltiy is the word you're looking for.