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

Is it time for Change...???

  • Kenwright an the Board out, We need Change.

    Votes: 503 80.0%
  • Im Happy with the way thing are. Kenwright an the Board should stay

    Votes: 126 20.0%

  • Total voters
    629
Status
Not open for further replies.
0809Butterbean.jpg
 
They, like us, have won nothing. But the chairman has put in another 20m of his own money. Half cash, half loan notes. Clearly he is looking out for the interests of his company and is willing to invest. We do not have that and that is key.

Aston Villa are on life support. Thats a fact. That says it all.

Commercial income increased by 15.9% and total income icreased by 1.3%, resulting in record income of £92million. Their loss at the gate is very, very similar to ours. They have the corporate facilities to prop this up until they improve or the manager goes. Their average is still higher than ours, as is the income generated per seat.

You're mixing and matching figures there. From last years accounts. Which doesn't reflect this season. Their loss in gate far surpasses ours. They're also lower in the league. Flirting with relegation and out of all the cups.

They, like us, have realised paying unsustainable amounts to players is not the way to operate. They have lost ridiculous amounts on players like Curtis Davies, Nicky Shorey, Nigel Reo-Coker, Habib Beye, John Carew, Steve Sidwell, Zat Knight, Luke Young and Moustapha Salifou. Most didn’t play. They carried a far bigger squad than us.

Everton's issue is not wages. Wages to turnover has never surpassed 72%. Theirs has been in the 90's !

Plus most of those mentioned players are ****. And they've won feck all for it.

Getting rid of these players will have a massive effect on the wage bill. Villa were big payers. Luke Young turned down the R/S because he would have had to take a drop to £38,000 a week. Throw in big earners like Young, Downing and Milner and you have around £35-40m a year off the bill with N’zogbia at £2.5 and Bent £4m going on it. They are rapdily reducing expenditure. We've reduced our's to the bare minimum and cleaned our cupboards completely bare in terms of assets.

They may be rapidly reducing the wage bill. But thats closing the door after the bull has bolted. They've already incurred the crippling debts. Thats what has screwed them up. Their debt is 150% of turnover ffs.


We are in a very different boat. if you take away player sale profit and Bellefield profit, we lose a record £17m in cash profit according to the accounts.

You've again combined two years into one years. You have a habit of double counting. Yes there is a structural issue. But it's not £54million per year of structural issue.

Additionally that 17 million figure. Is on a year basis debatable and there must be some exceptional items in there.

There are NO exceptional items in Villa's figures. Its all wages cost related. Wages wages wages.

And I'm pretty sure that's the figure what the banks will be looking at, that's a negative cash flow of £17m per year. We do not have an owner willing to absorb these losses on our behalf. The only way to stem these is player sales. We already have the smallest squad in the PL and we are relying more and more on players comign through. Other clubs have tried this and gone down. The doomsday scenario that would kill us.

Their owner is not willing to absorb losses. Hence he's sold off players.

Other clubs have tried "this" and won leagues too. Its what we are good at.

I'm sure Villa have got a fella on their forums called Ben Affleck posting "at least were not Everton".

No mate. None of them are good looking, intelligent or literate enough to post to our level.

Plus. We're Everton.

At least we're not Villa!
 
Matt instead of writing pages and pages of nonsense simple put

SEE PREVIOUS BULL**** POSTS FOR REPLY
 
Status
Not open for further replies.

Similar Threads

Welcome

Join the Everton conversation today.
Fewer ads, full access, completely free.

🛒 Visit Shop

Support Grand Old Team by checking out our latest Everton gear!
Back
Top