Reduction In Wage Bill

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steken1 said:
I crave his approval. Getting green dots of chico is like getting willoughby foof pics of keith lemon to me.
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keith_lemon.jpg
 

And just a reminder, while we play with mostly imaginary figures, that when we have sold a player the chances are we are going to get paid for them in instalments as is industry practice, and we are probably still waiting to see half, two thirds, three quarters or even 80% of those transfer fees at this moment.

Cheers
 
mikewex said:
Also, please, for the sake of the club, would all of those he believe that there is something underhand going on with the accounts as is being continuously alluded to, please stand up and go to the police as it would be fraud.
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I also love Bill, and find these accusations very hurtful.
 
mikewex said:
See, we are back at "When did you stop beating your wife".

Lets look at them again:



And the answer is, as any good cost accountant knows, do a cost/benefit analysis using data that I do not have access to, so not going to attempt it.

However in my own business (since we are going down that route) we took the sell lease back option on a €10m build. Made more sense. Did it in this case? Don't know, but being as you are in management of large scale business you will know that these are sometimes the right answer.
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Mate, from almost everything that eminates from the club a sense of desperation to raise finance and a hand to mouth scenario is painted.

I agree that a lease may have been beneficial if perhaps the Bellefield monies were used to pay a cost that may have been potentially more costly long term. But, we're also now a business without a single asset other than the players on the pitch and Yakubu showed how quickly they can become a liablilty.

The OOC is just one aspect of how we are run that people see ??? about. Is it too much for stakeholders in that institution to ask what's going on? I'd say it's imperative looking at what's gone on elsewhere.

Perhaps there is absolutely nothing wrong in there at all. It's funny that the club has refused requests from it's own shareholders for itemisation don't you think?

Anyway, I'll call it a night as your obv looking to do so yourself. As other said I appreciate the debate and that it never got childish.
 

mikewex said:
Except he didn't. What he actually said was:

"That figure is made up of around twenty-five cost centres which like all areas of the Club are monitored constantly. It includes every item of expenditure that we incur besides wages. It is considerably less than many other clubs of similar size and there is absolutely no frivolous, extravagant or unrequired expenditure in there. To add to this, we've just hired procurement specialists to drive this number even lower.

365 days a year we maintain Goodison and Finch Farm. We pay rent, rates and a substantial utility bill. We maintain some of the best pitches in the League. We support a modern, secure IT and communications infrastructure. This season already we've hosted 24 games and paid the police and stewards, provided food in the lounges and supported an expensive matchday operation. Less often this season, we have travelled to away games and funded a large travelling party in a way that ensures we have the best possible chance to win the game. We sometimes fund a large travelling party of fans! Like all businesses we pay lawyers and accountants and advisers and auditors too much, but football is a business that attracts attention and we need help from our professional partners. It is a large and complex business."

If you want to compare it to other clubs, look up the operating expenses and subtract the wages.

Take Villas: Operating Expenses £111m, wages £79m = OOC £32m
http://astonvilla-views.com/2011/02/26/villa-record-a-loss-of-37m-for-the-year-avfc/

Spurs

Other Expenses £32m

http://swissramble.blogspot.ie/2011/12/tottenham-grounds-for-optimism-or.html

Sunderland

Total costs £110m, wages about £50m trading around £30m = Other Operating Cost about £30m

http://tyneandwear.sky.com/sunderland/article/16296

Oh I know it suits the general narrative to distill down data to a soundbite and then dismiss it, and it may suit the internet based fans to do so, but its done to keep a sense of self righteous indignation going.

The "Other Operating Costs" scandal is actually bolloxology of the highest order. I've said before that the board has a lot to answer for, and need to sell up to get investment in, but distracting crap like this helps no-one.
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Thats a great post to be fair!

I still think the overall debt should be reduced and will be dissappointed if not! I wouldn't be surprised if we actually spent about 15 mill on players last year!
 
Steken1 is playing another blinder here.

He KOd the champ in Matt Damon. Now he's got the contender on the ropes
 
Neiler said:
Thats a great post to be fair!

I still think the overall debt should be reduced and will be dissappointed if not! I wouldn't be surprised if we actually spent about 15 mill on players last year!
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Me and you have gone back and forth on stuff like this in the past so we both know where we stand. Personally I doubt anything that's illegal or overly dodgy would be found. Just possibly something self-serving.

While clubs are being run into the ground and football is attracting Craig Whyte types I think fans of clubs should be asking thses questions.
 
davek said:
Money comes in; money isn't spent; debt never goes down.

It's that bad, even Neiler's failed to come up with a board-friendly explanation for the shenanigans at Everton.

We need a forensic examination of this club's finances. 'Other Operating Costs', constant figures for the debt; money brought forward from bridging loans from hole in the wall finance companies in the British Virgin Islands; directors owning shares bought by offshore trusts no one knows who controls.

Everton are run like a banana republic.

I cant wait until these carpet baggers are chased down the road.

The 1999 Kenwright takeover = Everton's worst nightmare comes true.
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Was there a Civil War?
 

Chang Elephant said:
The argument you're arguing seems unusual then.
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No it doesn't, he's disputing the claims about other operating costs because he thinks they have no substance, that doesn't mean he's wholly behind the board.

We could do with more comments like his, instead of just saying that the board need to die and they're the spawn of Satan.
 
Brennan91 said:
No it doesn't, he's disputing the claims about other operating costs because he thinks they have no substance, that doesn't mean he's wholly behind the board.

We could do with more comments like his, instead of just saying that the board need to die and they're the spawn of Satan.
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For someone with a belief that the board could run the finances far better, he's spending significant time and effort arguing against specific concerns raised about the board. But maybe he's a little bit crazy like that ?
 

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