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

[nainotreve]

100mil worth of debt and rising, flirting with relagation, paying more per year than us in interest, worse team and manager. Yet in better shape than us. I dont understand that.

 

[steken1]

Davek,

A shame were talking about two of the biggest and best institutions in World Football. It's the type of talk you'd expect from Accrington Stanley and Rochdale.

 

[steken1]

Treve, We're three points above them mate. They own assets. We own none. By all accounts they are reducing their debt? .

I'm not saying they are in a better position than us, I don't know either way. Just that ours is equally precarious, especially when you consider or Av. Attendances are going to be about 4-5k down.

I hope this cup run bring people back or I fear for this or next summer.

 

[Matt Damon]

Clearly Villa are in a bad way. Also the fans have deserted, although I'd put that at Mcleish's door. I'd do the same myself if he was brought in here.

They became accustomed to spending big. Thought they had a divine right to spend. Thought last summer they'd click their fingers and Moyes would be theirs. Thought they actually have more money than us.

Wrong on all counts.

But, are they in a worse position that us???

Yes.

IMO that's debateable. Clearly Matt keeps an eye on them so he will be able to answer a few of these things.

I was telling people about this two and a half years ago.

Do they own their own training ground? We do not. We pay a lease of appox £1.2m and rising over an 80 year period. This is a significant issue as land values, though depressed, are far higher in the midlands than up north.

Is Villa Park mortgaged? Goodison has, I believe, 12 separate mortgages placed on it. Again this would offer them the opportunity to raise money money if needed urgento. Not an option for us. We can't even build a new office block.

It doesn't matter. Its the scale of the debt that counts. Villa owe Lerner approximately £120million and other institutions another £20million to £30million.

Thats 150% of their annual turnover - at its peak. They're Greece to Everton's - UK.

Is their turnover greater than ours? I believe they make around £12m a year above us. Obviously this will offer them greater scope to repay debt. Though I'd agree with anyone who says what Lerners up to their is an absolute scandal.

They made in ONE year that amount greater than us. That was them in Europe.

This season their gates are down % higher than Everton's (which are climbing) and are 15th in the league and are out of both cups.

Their revenues will be down. Depending on how Everton get on in the cup, I'd say our revenue may even be higher this season than theirs.

Villa's debt may well be higher than ours. Though I would guess that they also have significant assests that we do not I.e Land and Football Stadium.

That may be the case, but its all leveraged to Lerner. Strictly speaking that is debt and not a asset - THEY OWE MORE THAN THOSE ASSETS ARE WORTH.

Lerner can't write it off unless he sells Villa for more than the debt. Then he loses any profit. The fact Villa's turnovers going down means their value is going down. So all in all their position is declining, meaning Lerner has to put more money in to keep the value up, even though he's meant to be cutting costs.

Its a catch 22 situation. Basically meaning they're fecked as a business model.

We haven't got anything to fall back on whatsoever, and we have a board who are not willing to invest a bean to try and grow the club.

I agree to certain extent. Commercial revenues, and the commercial infrastructure at the club need money putting into them to generate more money.

That area of Everton needs serious work.

Villa have a much bigger, better stadium than us which is equipped for modern football and an owner who has shown he will put money in to grow the club. If everton had borrowed the same amounts we would be paying a lot more interest than the £12m Villa are paying Lerner. The fact they have mostly wasted that money should not detract from the fact they spent it.

Have they though? Villa can't fill their stadium. Every time I've been there its never full. Has Lerner actually put money into the club? Its all borrowings. He's put more money into just keep them afloat. He's actually taken more money out in 4 years than he's put in!

Additionally they spent money, money they received from Sky and revenue + borrowings. Its not Lerners money. Its all from the Villa balance sheet.

Everton haven't borrowed £150million and aren't that level in NET debt. Additionally, we're not 15th in the league with a declining revenue (on all fronts).

I perosnally won't be looking down my nose at them as if the PL bubble ever bursts we're goners. we are far more dependant than any other club is this division on the Sky Moolah!!!

I will look down my nose at them. They spunked themselves £150million into the red ****e and thought that they could take our manager off us last summer. They even claim they're a bigger club than Everton.

For the reasons laid out. Holding Lerner up to be a brilliant owner (as Davek has done over the last two and a half years) is a joke.

Kenwright may have faults and there are issues in the Everton business structure. But the fundamentals of Everton are nothing as bad as Aston Villa.

The amount of money they've spent on wages has crippled them. One thing Kentight has done right is keeping a grip on wages.


However, in Everton's case the scope for commercial revenues at Everton and major failings on improving the structural issues of the club's business model are a cause for concern. But the facts remain. Everton are not - £150million in debt.


At least we're not Villa!

 

[Goat]

Chelsea in theory owe Roman around £780m+, hes only ever loaned the football Club the money hes spent.

At least we're Not Chelsea

Your arguement is null and void Matt.

If only you had a clue about Everton, have you honestly EVER been right in any post you have made on here?

Try and answer without the use of fonts, they really dont help to pass off your lies.

 

[Matt Damon]

PS.

Lerner put feelers out to try and sell the club three months ago.

SSSHH. Don't tell anyone.

 

[TheFinnFan]

Matt Damon is ace. with another ace in his sleeve

 

[Frank Drebin]

Tell me the tamworth post was true matt?

For the love of jeebus tell me.

 

[Matt Damon]

Tell me the tamworth post was true matt?

For the love of jeebus tell me.

You love me Frank.

[video=youtube_share;HmPylZecOQc]http://youtu.be/HmPylZecOQc[/video]

 

[Frank Drebin]

You love me Frank.

[video=youtube_share;HmPylZecOQc]http://youtu.be/HmPylZecOQc[/video]

If it gets cold enough.

 

[Hibbosculturedrightboot]

FIGHT FIGHT FIGHT FIGHT!

 

[DualityNSNO]

You love me Frank.

[video=youtube_share;HmPylZecOQc]http://youtu.be/HmPylZecOQc[/video]

Again you try to change the subject.

Answer the man's question, it's an easy one.

 

[Matt Damon]

Again you try to change the subject.

Answer the man's question, it's an easy one.

I'm not changing the subject. I'm ignoring him. There's a difference.

 

[Frank Drebin]

I'm not changing the subject. I'm ignoring him. There's a difference.

But you replied to me whilst changing the subject. Hmmm..

 

[Matt Damon]

But you replied to me whilst changing the subject. Hmmm..

I thought he was talking about fatt... I mean Goat.

At least we're not Villa.