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
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steken1 said:
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.


Commercial income increased by 15.9% and total income increased 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.

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.

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.

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.

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.

I'm sure Villa have got a fella on their forums called Ben Affleck posting "at least were not Everton".
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The baseball has just been belted out out of the ground.
 
Matt Damon said:
Aston Villa are on life support. Thats a fact. That says it all.



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.



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.



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.




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.



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.



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!
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He is absorbing them though Matt. He's putting more dough in to cover mistakes made in the past. He's also realised his mistakes in allowing a manager to spend what he want's. He won't make the same mistake twice.

Villa's figures include two changes of manager in a twelve month period. Estimated at £12m. They don't include what Mcleish cost them.

Plus, they are not crippling. Mcleish is in the press today saying they have money for transfers. We haven't spent any new money for three years.

Bolton have a debt similar to Villa. They don't have an owner to subsidise them and Villa do. While they only owe money to Lerner they are OK.

I take your £146m debt at face value even though I don't know how you came to it? But while it's owed to the chairmans family trust it's not a major factor, now they are reducing it. Probaly by 25-30% of their turnover looking at the players they have dropped.

The figures posted are straight from their accounts.Re: commercial activity and total income.

I agree that their biggest issue is wages/turnover ratio's. They are looking at 60% as an achieveable target over the next two years. I'd say they got the door shut just in time.

They have assets and we don't. They owe money to the chairman, we owe to shady financial institutions at the most volatile time in the banking industries history. They have liquidity and no cash flow issues while we are on cash-only deals with our suppliers.

We aren't in full control of our destiny and they are. That's why I'm not looking down my nose at them
 
steken1 is like the anti-Damon: Precise where the Damonator is vague; concise where the Damonator is rambling; witty where the Damonator is sullen; reasoned where the Damonator is irrational; modestly confident where the Damonator is full of hollow bluster.

At least we're not Damon.
 
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