The end of our "debt" ???

[Fensta]

Even if they did wipe out that debt they're still losing money on Finch Farm rent, ideally one day they'll own it but I wouldn't hold me breath.

 

[SerenityNigh]

I don't know what school of economics some of you went to but not paying off debt is asinine, penalty or not. The fact that someone would put a penalty on you paying them back tells you all you need to know. Christ on a bike...

I have student loan debt at 3.25%, not paying that off early... wife's van loan at 3.75%, not paying that off early... mortgage at 3.875%... you get the picture

 

[SerenityNigh]

Im interested to know what happens when the debts paid off myself.

I mean what then?

 

[Gwladys St. Glory]

I have student loan debt at 3.25%, not paying that off early... wife's van loan at 3.75%, not paying that off early... mortgage at 3.875%... you get the picture

So if you received a $40k windfall, you'd piss it away at the casino...I have to assume that's what you're saying. You'd deserve to fail at life, if that's the case. That's what's being advocated in here...

Investing 40million in the squad makes far more sense than paying off 40million pounds worth of debt

That is absolute garbage and down to pure selfishness. "Screw the financial health of the club, let's make cr*p decisions that might make me happy. I support the club, I deserve to be happy at the expense of the clubs future." The fact that no thought was given to say, paying off 10m (1/4) or more of the debt, pocketing 5-10m in to a rainy day fund and spending 20-25M on players is indicative of the nature of sport. Nah, fck it...jerk it all off on chance, so I can be happy. Not having that, AT ALL. We are not Man City or Chelsea...deal with it.

I'm not advocating the sale of players but that's exactly WHY we do it...to service debt or stave off its affects. To even suggest going deeper in to the sh*t is so stupid that I'm done with this thread.

 

[icburns]

George Clinton.

Give up the funk lid.

 

[degsy]

I think it's a bit more complex than that mate.

Have you taken outgoings and (seriously now) other operating costs into account?

Turnover is vanity, profit is sanity.

don't forget what your kid said though, we're talkin boys pen billy

 

[degsy]

Borrow more??

 

[jamieni]

I think the fact that the credit crunch has eased recently has meant the banks aren't chasing us for money in the way they were when we had to sell the likes of arteta. Plus the new tv deal will have quietened them. I don't expect us to have money to spend though. If we need to add players then I suspect Martinez will have to make some tough choices when it comes to player sales. If we did get lucky and finish in the top four and get in the groups that would help but I think that needs to be a regular occurrence for it to make a big difference to us financially. And it won't be easy to achieve given the quality and spending power of the clubs at the top.

 

[Essex Blue]

That is absolute garbage and down to pure selfishness. "Screw the financial health of the club, let's make cr*p decisions that might make me happy. I support the club, I deserve to be happy at the expense of the clubs future." The fact that no thought was given to say, paying off 10m (1/4) or more of the debt, pocketing 5-10m in to a rainy day fund and spending 20-25M on players is indicative of the nature of sport. Nah, fck it...jerk it all off on chance, so I can be happy. Not having that, AT ALL. We are not Man City or Chelsea...deal with it.

I'm not advocating the sale of players but that's exactly WHY we do it...to service debt or stave off its affects. To even suggest going deeper in to the sh*t is so stupid that I'm done with this thread.

It isn't garbage at all. The wellbeing of Everton is fundamentally correlated to our performance on the pitch. Wolves were sitting pretty from an accounting perspective not so long ago, but their failure to invest in playing assets has now contributed to them playing League One football, where their revenues and prize money are now a fraction of what they were a few years ago.

The debt hasn't gone down, so I don't know why you think we have been selling players to reduce debt. An awful lot of our money derived from player sales has been reinvested in the squad (because it makes more sense to do that than pay off debt). We have also had to sell players to cover accounting losses in the past, these losses no longer exist because our revenue has been increased by 33% from the new TV deal.

Our debt isn't causing us a problem, our repayments are the equivalent of one player's annual salary. You are the one who is being stupid if you think we should forgo investment in the squad just so we can save a couple of million pound a year and increase our major shareholders equity in the process.

 

[Reidy's Bottle Of Grecian]

I have student loan debt at 3.25%, not paying that off early... wife's van loan at 3.75%, not paying that off early... mortgage at 3.875%... you get the picture

Student you say ? maybe you should study this

 

[evilwebby]

http://www.evertonfc.com/assets/_fi...1357208599_Everton_Financial_Accounts_201.pdf

From what I can deduct:

Turnover: £80m
Debt: £46m
interest playments: £4m pa

Players' wages: 79% of turnover.

Our commercial side is light years behind other teams. £80m is small and 79% of that in players' salaries is very high.

Conclusion: we still haven't got a pot to pish in.

 

[flibbyflob]

More chance of us winning the league than being out of debt at the end of this season.

 

[Big Fat Sam]

Whenever it's convenient, Bill will let us all know the debt has stayed the same which is why there's no money you spend despite the rest of the league spending like it's going out of fashion.

 

[Eggs]

...I'm not an economic expert, but I doubt our debt figure remains static, it will be growing day by day, month or month. What the figure is now will be bigger come January unless we pay some of the debt off.

 

[Foot Long Hot Dog]

...I'm not an economic expert, but I doubt our debt figure remains static, it will be growing day by day, month or month. What the figure is now will be bigger come January unless we pay some of the debt off.

Not how it works mate. Most of our debts are on fixed term repayment schedules, so the only way the total owed will increase significantly, is if they borrow more capital.