Pretty much a "steady as you are" set of accounts to be honest mate, nothing at all to get excited about really. More than anything else they demonstrate that without investment we can not develop the club, facilities or heavily invest in playing staff. In the absence of a takeover or fresh investment, we will remain indebted until the next huge increase in broadcasting revenues which start in season 2016/17.
The club is profitable at the operating level which should be welcomed but the commercial and sponsorship revenues are extremely poor compared to our competitors at the top end of the Premiership. Because of that we will continue to fall behind those clubs financially and allow the gap between ourselves and the likes of Stoke and Southampton to narrow further.
Whereas even 5 years ago we could point at a club that was progressively sinking, we at least are on an even keel now - only down to the increase in broadcasting revenues, nothing else. We need to be taken over to move forward regardless of our ability to out-perform (in relation to funds) on the pitch - it's as simple as that.
Pretty much same old same old......
If I was a future investor in Everton FC, I would focus all my financial clout into a new stadium. I know a lot of people say that we need to spend on the pitch - players win you games, but im sure many are now beginning to understand that we need solid foundations to move forward. I think everybody (myself included) seen Abramovich and Mansour and thought that there were a few arabs out there willing to throw millions into clubs without a return, something that is highly unlikely.
It is possible to move forward without spending £50-100m each season on the pitch. Re-developing or moving stadium is key to this. Im hoping that the fans can all pull together in this direction rather than arguing over Liverpool spending more than us or palace getting cabaye means they are more attractive and such.
Stadium, commercial revenue, smart dealing in the transfer market and a bit of patience is required.