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

[Cena]

Fixed

I must admit i'm a Damon fan, he's forum gold

 

[Del]

I must admit i'm a Damon fan, he's forum gold

I was pissing about

Hes one of the best posters on here even if he does make you fume

 

[Cena]

I was pissing about

Hes one of the best posters on here even if he does make you fume

Yeh defo lid, i could never reach the levels of him, davek & Neiler

 

[Del]

Yeh defo lid, i could never reach the levels of him, davek & Neiler

To intermeluctual lad

 

[Phenom]

If Damon was messing around he would be boss, but he's not.

 

[Del]

If Damon was messing around he would be boss, but he's not.

I honestly think he is

 

[Brennan]

If Damon was messing around he would be boss, but he's not.

This.

 

[Matt Damon]

Financially and i have done a bit of digging since being caught on the hop with the 13 mill in the summer as i think all fans were. We have the same again due to the bank in the summer of 2013. The big questions now are, has the wage bill been reduced enough to meet this short fall? Have the outlays on players in Jan meant we have refinanced the paid back loan with a better credit profile? Has the overall debt been reduced as a result of the pay back?

I'd say yes Neiler. The club had saved in wages alone of the order of £10million. Replacing Yak, Beckford and Saha

for Straq and Jelavic and Vellios' wages has saved the clube about £80k a month (or £4.0million + per annum current rates)

Selling Arteta without replacing him (£4.6million +), net including Drenthe (where Real are paying a significant wedge of his salary) of the order of £3million net saved for this calander year.

Pienaar saved on 18months of wages. This financial year you're talking half his annual salary say £1.8million saved.

Bilayetdinov ca. £3million in wages saved annually, transferred out in Jan so estimate another £1.5million saved this financial year.

Estimate: 4.0 + 3.0 + 1.8 + 1.5 = ca. 10million cost saved.

Plus the £18m in transfer revenue (summer and January) minus the deferred payments for Jelavic ca. 4+5million means we should be net £17million to £20 million up for the financial year.

(approximates).

That is all based on player trading.

Personally i would like to see the overall debt reduced as it creates a better environment for investment - but with Bill you never know he runs the club like a fan which he is, fair to say i think the problem was down to over reaching in the hope of pushing on, on misguided trust in the bank, a poor reading of the economic environment in terms of refinancing/credit - but i would still maintain the fundamentals of the business are good if not static (glass ceiling). What we have seen is down to bad management by the club.

Agreed. Debt should be working for the club. i.e. debt only on infrastructure and commercial revenue generation.

Otherwise its a cost and is hurting the bottom line.

 

[Phenom]

I honestly think he is

He puts a lot of effort in then.

 

[Matt Damon]

He puts a lot of effort in then.

At least we're not Villa!

- £54million.

How'd you like that?

 

[Bigmaclad]

Will this thread ever die?

 

[Pat's Van]

At least we're not Villa!

- £54million.

How'd you like that?

Matt what would you say if Everton posted a similar loss ?

 

[Phenom]

At least we're not Villa!

- £54million.

How'd you like that?

Answer it, im trying to like the Damon of Matt.

 

[Goat]

At least we're not Villa!

- £54million.

How'd you like that?

Couldnt give a fck about Villa lad.

Not when we have more debt.

 

[Matt Damon]

Matt what would you say if Everton posted a similar loss ?

I'd throw myself in the river mersey.

Couldnt give a fck about Villa lad.

Not when we have more debt.

No we don't lad.