The end of our "debt" ???

[anyone]

Unfortunately, Everton's debt problems will be solved by selling Barkley.
Maybe in two or three years.

 

[Brennan]

Turnover will increase from £80m to at least £110m thanks to the new TV deal. No excuse whatsoever for us not to invest in the squad going forward.

 

[Brennan]

Unfortunately, Everton's debt problems will be solved by selling Barkley.
Maybe in two or three years.

It won't, because the majority of that money will go back into the squad as it has every other time we've sold a £20m+ player.

 

[Dooguk]

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

IT'S ON THEN?

 

[formerly manx toffee]

OOC..

 

[BlueThai]

Good theory, now if only we could get the debt down to somewhere near £45 million we could see if it would work.

 

[Eggs]

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.

...thanks for putting me right. I do find all of this money stuff complicated.

 

[swisso]

We won't be 'debt free' for donkeys years. The long-term loan with Bear Stearns is manageable, the Vibrac credit line is taken out to address short-term cash flow issues during the summer.

You'd just have to hope we wouldn't fall heavily into an overdraft again and feel pressure to raise funds, as we did a couple years back.

I think a few people will be surprised by the current wagebill though.

 

[SerenityNigh]

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...

No, if i took a $40K windfall (let's assume inheritance and not the casino, I'm risk averse) I'd invest it in something that I expect to earn greater than 4% ROI. I have plenty of ideas (my favorite being BRK.B), but at least an broad market index fund.

The point is that paying of debt is neither imaginative nor responsible. In Everton's case, imagine a £30m windfall. What would you want the board to do in January? Pay off the debt? Buy a proper striker?

 

[Mogwai]

Debt repayments is just like having another JH hanging around.... No biggy...

 

[SerenityNigh]

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.

But at least they're debt free

 

[SerenityNigh]

Student you say ? maybe you should study this

Student loan debt, 20 year note. Student status was a few years ago. Note is about $138 monthly. I could repay it at no penalty, but instead I invest $50 monthly in a separate fund for each of my sons. But maybe I'll take Gwladys St Glory's advice and piss it all away at the riverboat casino near the office.

 

[Phenom]

I reckon we should all start cooking some Meth, use the profits to pay the debts off and get us some high class hookers to party with while listening to some funky music.

Operation - Breaking Bill

 

[evilwebby]

£80m turnover.

79% of which goes on players wages = £64m, spread around a squad of 25 players or so.. would mean an average wage of £50k/week.
Obviously there are higher earnings and lower earners. For each £75k/week earner there has to be a £25k/week guy.

We really are hamstrung and won't be able to do anything until we can bump up our revenues. Compare that toe ManU (£363m) turnover or Chelsea (£261m)

 

[SerenityNigh]

We really are hamstrung and won't be able to do anything until we can bump up our revenues.

~insert five required characters~