The defining 12 months of Everton FC

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Blues V Blues, unions v unions, Kenwright v Kenwrong, Ginger Moyes v Ginger Beer.

We have had a lot thrown at us recently, i just wanted to narrow down the ins and outs

Out -

  • Pienaar £3m rumoured
  • Vaughan £2.5m -£3m rumoured
  • Yakubu loan fee to Leicester £1m
  • Yobo - unknown maybe nothing..
  • Mikel £10m
  • Yak to blackburn, still not confirmed, but reports of less than £2m
  • Beckford - £3m rising to £4m
  • Arsistotle Nsiala £2m to hearts ( according to his twitter )

in
  • Denis - nominal loan payment
  • Drenthe - nominal loan payment

For arguments sake, we'll say £1m in wages, and agreement fee's for each player ( costs, player bonus', wages, agent fee's, cups of tea )

Since January 2011 we have recieved nearly £25m in player sales.

I don't know how much the debt is, and if this is directly to service that debt, i believe was £42m ( davek? )

We're half way there - to balancing the books, which makes us ultimately a perfect club to buy ( i dont know how many other clubs, other than those already owned with billionare owners have this )
 
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It's true that at the moment we should have a profitable forecast for this season from wages only, not including money from sales. Could be worse. Could be Norse.
 

Bryan said:
Blues V Blues, unions v unions, Kenwright v Kenwrong, Ginger Moyes v Ginger Beer.

We have had a lot thrown at us recently, i just wanted to narrow down the ins and outs

Out -


  • Pienaar £3m rumoured
  • Vaughan £2.5m -£3m rumoured
  • Yakubu loan fee to Leicester £1m
  • Yobo - unknown maybe nothing..
  • Mikel £10m
  • Yak to blackburn, still not confirmed, but reports of less than £2m
  • Beckford - £3m rising to £4m
  • Arsistotle Nsiala £2m to hearts ( according to his twitter )


in

  • Denis - nominal loan payment
  • Drenthe - nominal loan payment


For arguments sake, we'll say £1m in wages, and agreement fee's for each player ( costs, player bonus', wages, agent fee's, cups of tea )

Since January 2011 we have recieved nearly £25m in player sales.

I don't know how much the debt is, and if this is directly to service that debt, i believe was £42m ( davek? )

We're half way there - to balancing the books, which makes us ultimately a perfect club to buy ( i dont know how many other clubs, other than those already owned with billionare owners have this )
Click to expand...

We can only hope our incompetent board of directors are paying down debt to make the club more attractive to a buyer. I wouldn't hold your breath though. I can see this lot waiting out the recession and having another tilt at a stadium scheme again to raise the value of their shares to where they want them. Kenwright got this club tangled up with some real parasites. Thanks Bill.
 
What worries me though is the debt will just build up again over the next few years and we'll keep having to sell our best players to stay alive. Sure the Arteta and Beckford money helps for now but the situation remains the same in the long run doesn't it?
 
MikelsGoat said:
Our debts are nearer to 90m.

And Bill wont sell his trainset.
Click to expand...

Debt and Liabilities are not the same.

Debt is money we owe. Liability is debt outstanding and money I must pay in future. e.g. I am "liable to pay".

Wages off the wage bill reduces liabilities. As does paying back debt.


So liabilities will have decreased far far far in excess of £25million.

Probably more like £40m to £45million by the end of this season unless we sign more players before the end of it.
 
the thing i dont get about the debt is its not a huge amount in todays football debts but according to some reports it was like we were close to going into admin

i for 1 have no problem if all the money we got in yesterday goes str8 to the bank as it should go some way to loosening the noose around our clubs neck and go back to talking about matters on the pitch
 

AdamTheGreatOneB said:
What worries me though is the debt will just build up again over the next few years and we'll keep having to sell our best players to stay alive. Sure the Arteta and Beckford money helps for now but the situation remains the same in the long run doesn't it?
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NO NO NO.

When we've reduced total liabilities by half there is no way that could happen.


When you take players off the wage bill (cut a cost/liability) as well as getting a fee, thats a major cost cutting exercise.

If that is coupled to a major revenue growth, it puts a business in a very good position.

(Usually share prices leap on that!

Thats how these hedge funds work; they go in make businesses leaner and meaner and then sell at an inflated share price!).



However, the problem is this Everton board. Commercially inept. - For Everton's long term perspective.
 
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davek said:
We can only hope our incompetent board of directors are paying down debt to make the club more attractive to a buyer. I wouldn't hold your breath though. I can see this lot waiting out the recession and having another tilt at a stadium scheme again to raise the value of their shares to where they want them. Kenwright got this club tangled up with some real parasites. Thanks Bill.
Click to expand...


That's all i can see from this, is it in his interests to run the club into the ground?! with no decent players?! really? do you honestly believe he'd do that? He may have lost his way, and is clearly out of his depth but running the club into ground on purpose?
 
Matt Damon said:
NO NO NO.

When we've reduced total liabilities by half there is no way that could happen.


When you take players off the wage bill (cut a cost/liability) as well as getting a fee, thats a major cost cutting exercise.

If that is coupled to a major revenue growth, it puts a business in a very good position.

(Usually share prices leap on that!

Thats how these hedge funds work; they go in make businesses leaner and meaner and then sell at an inflated share price!).



However, the problem is this Everton board. Commercially inept.
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Well as long as we're not gonna making a loss every year now. Thanks for explanation. Hurts my head thinking about finance!

Edit. I guess Arteta and Yakubu off the wage list will save us that 5mil we were losing each year right?
 
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Bryan said:
That's all i can see from this, is it in his interests to run the club into the ground?! with no decent players?! really? do you honestly believe he'd do that? He may have lost his way, and is clearly out of his depth but running the club into ground on purpose?
Click to expand...

He's not doing it on purpose, he's doing it because he's being told to. And that's because he made the wrong choices along the way, commercial and in terms of the people he hitched his wagon to. The whole model of selling assets and hoping for a free stadium has come crashing down - the last few windows were a harbinger of what happened this summer. What the plan is from here God knows!

Clueless, totally and utterly clueless. Maybe that CEO of ours will be along shortly to tell us which direction we're supposed to be headed in?
 

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