Summer Transfer Pot

[BirkenheadBlue]

Isn't the tv money only an extra £20m?

It'll eventually get swallowed up by wages, but this one summer, it might be available to be spent, before the wages catch up with the income.

 

[Goat]

Not a single penny.

We never have money to spend before sales.

We do however, have the finest fleet of lawnmowers in the Western World.

Any increase in TV money wont be paid untill next Summer and im 90% certain it will used to pay off debt, every Summer we take a 12m bridging loan to pay the players and such whilst we are earning no money from gate receipts and the like, coupled with the fact that we piss about with kits and the fact that we hardly sell any due to the fact that Kitbag is fcking terrible.

So basically.

Nothing, as per usual.

 

[Ralphie Boy]

As griffla has already stated, the size of the kitty doesn't matter as bless him Moyes sorted our transfers for us before he went.

We lose Felli Jags and Baines but gain Fletcher, Ferdinand, Evans and Giggs, lose three but gain four not bad!!!!

Future sown up as we got them all tied down to five year deals and the extra money we have to pay Man Utd is not all up front, ten mill each season.

He said we can keep Barkley and the other young ones, didn't really see enough of them to form an opinion?

 

[Essex Blue]

Not a single penny.

We never have money to spend before sales.

We do however, have the finest fleet of lawnmowers in the Western World.

Any increase in TV money wont be paid untill next Summer and im 90% certain it will used to pay off debt, every Summer we take a 12m bridging loan to pay the players and such whilst we are earning no money from gate receipts and the like, coupled with the fact that we piss about with kits and the fact that we hardly sell any due to the fact that Kitbag is fcking terrible.

So basically.

Nothing, as per usual.

The TV money comes in separate chunks, the bit determined by league position arrives next Summer, but the bit which everyone gets regardless of performance arrives this Summer I think, and it's a healthy chunk as well IIRC.

Nobody seems to know much at all about the foreign TV deals, which I think are done on a country by country basis, and they are said to be rather lucrative.

 

[Goat]

The TV money comes in separate chunks, the bit determined by league position arrives next Summer, but the bit which everyone gets regardless of performance arrives this Summer I think, and it's a healthy chunk as well IIRC.

Nobody seems to know much at all about the foreign TV deals, which I think are done on a country by country basis, and they are said to be rather lucrative.

I doubt they will pay any money untill next Summer myself, but if you have other info I would be pleased to read it.

Its split into different chunks as you say, but its all about how many times your on the tele and League postion, I dont see how we will see any increase untill at least next Summer.

 

[Hibbosculturedrightboot]

We have a pot to piss in? Woot woot!

 

[Essex Blue]

I doubt they will pay any money untill next Summer myself, but if you have other info I would be pleased to read it.

Its split into different chunks as you say, but its all about how many times your on the tele and League postion, I dont see how we will see any increase untill at least next Summer.

There was a great link provided in another thread on here a few weeks ago, can't remember what it was called though.

Comments from people like Moyes would suggest that some money is coming to clubs this Summer. He was asked whether he thought he would see an increase in spending this Summer, and he replied by stating that clubs would have a headache deciding how to spend it, and that he could see some clubs using it to pay off debt.

 

[MACCA75]

Probably wont have a net spend. I dont think Moyes will be after any of our players, but we will see. As long as he doesnt do what he usually does and try and sign players on deadline day. Now that would be a disaster.

 

[Moomin]

Regardless of every other club getting similar increases in revenue, it still results in Everton having 40 million pound more than in previous seasons. If you're unwilling to describe that as an advantage then that's fair enough, but it is quite clearly an opportunity. An opportunity to spend 30 million pound on squad improvement!

The amount of TV money that can be spent on wages is limited.

These are the same banks that were happy to give us a 30 million pound overdraft, in 2007 was it? They can't have had that little faith in us at that time if they were handing out 30million pound overdrafts. They did get on our case the other year, and we sold a few assets and now have the overdraft down to a mutually satisfactory 10million.

The only money that the bank can demand back is the overdraft, and our revenue has just increased by 40 million so I wouldn't be worrying yourself about that. The long-term debt is small, and can't be called in unless we default, which is something we have never done.

I don't know why people keep trying to denounce this opportunity that is created by an 120 million pound increase in revenue over the next 3 years. It's almost as if people want us to be skint, as if they want the bank to call in debt so that we won't be able to spend such money.

Did you read the PDF?

Regarding banks and overdrafts, the world of 2007 is completely different to today. We know what happened in 2008.

Regarding the overdraft, can you link me to an article regarding the reduction of it please.

 

[Essex Blue]

Did you read the PDF?

Regarding banks and overdrafts, the world of 2007 is completely different to today. We know what happened in 2008.

Regarding the overdraft, can you link me to an article regarding the reduction of it please.

Yes, and they called the majority of it in the other year, which we did through selling Arteta, Yakubu, Vaughan etc etc.

I don't have a link but I think I remember reading that, that the reduction still leaves us with a 10 million pound overdraft debt. If that's incorrect then fair enough, but I do think that is what I read.

No business can continue making a 10 million loss per year, losses that have been managed through selling off assets, so I've got no doubt that the PDF paints a bleak picture. But an extra 120 million is coming our way over the next 3 years, that kind of changes things a bit doesn't it?

We should stop making losses.... until we spend all the extra money we are due to receive.

 

[Dom1878]

I'd be quite happy paying off most the debts with the increased income, and then selling Fellaini to fund transfers - that way next year we will have more money for transfers as no debts (and no interest to pay).

 

[Moomin]

Yes, and they called the majority of it in the other year, which we did through selling Arteta, Yakubu, Vaughan etc etc.

I don't have a link but I think I remember reading that, that the reduction still leaves us with a 10 million pound overdraft debt. If that's incorrect then fair enough, but I do think that is what I read.

No business can continue making a 10 million loss per year, losses that have been managed through selling off assets, so I've got no doubt that the PDF paints a bleak picture. But an extra 120 million is coming our way over the next 3 years, that kind of changes things a bit doesn't it?

We should stop making losses.... until we spend all the extra money we are due to receive.

If you look back at the previous TV deals, in specific the 2007 - 2010. That deal was nearly double than the previous deal ( 2004 - 2007 ) as you stated in one of your previous posts, this extra money is an opportunity. What did we do last time with that opportunity??

 

[Essex Blue]

If you look back at the previous TV deals, in specific the 2007 - 2010. That deal was nearly double than the previous deal ( 2004 - 2007 ) as you stated in one of your previous posts, this extra money is an opportunity. What did we do last time with that opportunity??

We signed and paid the wages of the likes of Howard, Lescott, Johnson and Yakubu, and it later gave us the ability to increase the wages of stars like Arteta and Fellaini.

 

[Moomin]

We signed and paid the wages of the likes of Howard, Lescott, Johnson and Yakubu, and it later gave us the ability to increase the wages of stars like Arteta and Fellaini.

We signed the Yak in 2007, all the other players were bought earlier ( Except Felli 2008 ) but also during this time, our net debt grew, while selling fixed assets.

Yes, its a great TV deal but all we will do is just increase the size of bridging loan that we take out against the TV money.

 

[Essex Blue]

We signed the Yak in 2007, all the other players were bought earlier ( Except Felli 2008 ) but also during this time, our net debt grew, while selling fixed assets.

Yes, its a great TV deal but all we will do is just increase the size of bridging loan that we take out against the TV money.

You have to ask how we were able to afford such an increase in squad investment just before the last TV deal, it was made possible through the knowledge of the incoming deal. Borrowing and advancing cash.

The bridging loans are a concern and it's a very good way for some of our board members to make a lot of very easy cash. Who says nobody makes money from football clubs? But there will still be plenty of money left over imo, whether we choose to be ambitious with it or not is a different question.