The Everton Board Thread (Inc. Bill Kenwright / Blue Union)

[Neiler]

Cool your heels. The Financial Review team are still in the dog house over claims of Everton's stability. 18 months ago Damonator (and your good self) were glorying in Villa's fire sale believieng we had enough about us to avoid that because borrowing wasn't out of control like Villa's. 12 months later we had our own firesale, precisely because Everton's borrowings WERE out of control.

Oh how soon we forget, eh?

It wasnt and isnt out of control, loans fell due and couldnt be refinanced there is a big difference, cash reserves and equity. Fair to say the board pushed the boat out though and couldnt afford the outlay, or had a misguided trust in the bank, a long way from a prediction of administration it has to be said.

TBF mate you bigged up Randy no end for beards, i think its safe to say your judgement in terms of finance is taken with a pinch of salt.

 

[Gwladys St. Glory]

I'm still emailing Larry Ellison a pic of the club crest every day...it's not working.

 

[Neiler]

When is a loan not a loan then?

Whatever the reason, its still a loan, maybe Villas was a "bridging loan for seasonal business"!, but theres is lower than ours?

When is a loan not a loan? Thats a bit simplistic mate there are many types of vehicles, do you think we are an exception in the PL to bridging loans? A mortgage is different to a credit card.

Yes our debt is a lot lower then Villas.

 

[davek]

It wasnt and isnt out of control, loans fell due and couldnt be refinanced there is a big difference, cash reserves and equity. Fair to say the board pushed the boat out though and couldnt afford the outlay, or had a misguided trust in the bank, along way from a prediction of administration it has to be said.

Lol!

You do like to split hairs dont you mate. I think I'm on pretty safe ground by suggesting finances being out of control also stretches to not having the foresight to relaise that what they'd borrowed (and how they borrowed it, and who they borrowed it from) didn't tally with the economic climate and panicky banks.

You always said what a good job the board were doing 'managing the books'. Well, I suppose you were right in a way: they managed them alright. They had to agree to a firesale in order to get the club's own auditors to sign off on the accounts.

Cheers Bill and Robert, you pair of absolute bell ends.

 

[formerly manx toffee]

Damon is just a bit busy fighting in the barkley thread. He will be here shortly. Apologies for the delay.

 

[formerly manx toffee]

....drum rolls.

 

[ijjysmith]

The sooner Vince McMahon takes us over the better.

 

[davek]

....drum rolls.

He can stick to the Villa stuff. Like his Financial Review team partner he wont want to touch the Everton claims he made.

They're a busted flush where that's concerned. It'll be amusing to see them wriggle on the end of that hook they squeezed themselves onto 18 nonths back though!

'Stability'.

*Roars with laughter*

 

[formerly manx toffee]

Yeah, sorry about that.

 

[Neiler]

Lol!

You do like to split hairs dont you mate. I think I'm on pretty safe ground by suggesting finances being out of control also stretches to not having the foresight to relaise that what they'd borrowed (and how they borrowed it, and who they borrowed it from) didn't tally with the economic climate and panicky banks.

You always said what a good job the board were doing 'managing the books'. Well, I suppose you were right in a way: they managed them alright. They had to agree to a firesale in order to get the club's own auditors to sign off on the accounts.

Cheers Bill and Robert, you pair of absolute bell ends.

Yep i would agree with that mate massive lack of forsight and no recognition of the economic climate. But i think its far from splitting hairs, there is a big difference between not judging the credit market place and the businses being knackered which is clearly isnt, we pushed the boat out then had to pull it back in. Its a bit of a laugh to actually compare it to Villa - whos big hurrah today was reducing their borrowing by 8.5 mill this year. If half the stuff that goes on their happened here their would be riots tbh. No doubt we have hit a glass ceillng though.

Bad management yes a club on the brink very much not. Will be interesting to see what difference the 13 mill makes to the over all debt and the selling of players has done to wages overall.

 

[Matt Damon]

The Damon body count has been tallyed for one night

http://youtu.be/HmPylZecOQc

So on this I will simply say:

AT LEAST WE'RE NOT VILLA!

 

[Pat's Van]

...£54 million loss, and this in the same year they had a record (for them) annual income of £92 million ???

Frightening.

 

[Matt Damon]

£54m loss for Villa

I told you so.

There's a reason everyone knows the "At least we're not Villa!" phrase.

http://youtu.be/HmPylZecOQc

 

[Neiler]

I told you so.

There's a reason everyone knows the "At least we're not Villa!" phrase.

http://youtu.be/HmPylZecOQc

14 mill on managers in one year - loling here.

Their a basket case.

 

[Matt Damon]

14 mill on managers in one year - loling here.

Their a basket case.

That 14 million for coaching changes was unaccounted for. I projected them for around £35million in loses that financial year. Which is bad.

The coaching change. Well thats a killer. Remember this is last season's figures. So last summer you saw why they were selling.

I'd say net 2010/2011 - 2011/2012 they're still making loses of net about £25million even after the sales of Young/Downing.

That puts them about £150million in debt. Net.


Which is a rapidly declining financial position.

Which only now, are they even starting to get a grip of in wage (cost) terms.



AT LEAST WE'RE NOT VILLA.