Robert Jarvis
Player Valuation: £35m
As regards financial planning the club is heading up a cul de sac. To be brutally honest after reading all, the club's future is bleak, we are in a much worse state than even when Johnson was the main man.
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I disagree mate.
Robert Jarvis
Player Valuation: £35m
In which way Friend, was our debt escalating out of control to the level it is now? Was Johnson keeping a tight rein on the finances?
kenada_blue
Welcome to Barcelonaton FC
But we wouldn't need to if we could keep hold of players and be able to at least add 1 without off loading.
kenada_blue
Welcome to Barcelonaton FC
Moyes needs to tell board if something doesn't change and he doesn't get financial backing, hel walk.
Kenwrong will **** a brick because moyes is keeping this club afloat
Kenwrong will **** a brick because moyes is keeping this club afloat
Chang Elephant
Forum God
The only consolation at this rate of ****eness is that Bill makes no profit and hopefully a loss when he's finally forced into selling. The worst chairman we've ever had by a distance.
Johnson ?
EFC_4eva Gary_Lineker--85/86 (stephenneedley@googl
Player Valuation: £150k
Everton’s despair must not lead to desperate measures
Article in the Times today.
Imagine a football club that ticks just about every box. A proud, historic club, owned by a local boy made good, playing in front of packed, passionate crowds in an atmospheric stadium, where a gifted, spirited bunch of players are sent out by a talented, determined manager with a genuine affinity for the institution he represents.
It sounds idyllic — the club in question is also well supported, well run, well managed — but in the material world that is English football in 2011, it is nothing like enough. Glory is what every fan craves, but hope and ambition come not far behind.
And hope, never mind glory, costs serious money these days, as Everton are discovering.
David Moyes looked depressed during and after Everton’s 2-0 defeat away to Bolton Wanderers yesterday, a result that left his team just three points clear of the relegation zone. Asked whether they were now in a relegation battle, Moyes replied that he had thought so “since the third week of the season” — a season that began with no less a judge than Sir Alex Ferguson tipping them to challenge for a top-four finish.
For Everton to achieve that would, on the basis of most expectations at the start of this season, entail finishing above Manchester City, Tottenham Hotspur and Liverpool. In other words, it would require them to outperform three clubs who spend far bigger sums on transfer fees and, in particular, wages. And if Moyes’s record at Goodison Park inspires confidence that it can be done, the correlation between the Premier League and the Deloitte Football Money League tables has never been closer.
Everton’s wage bill last season, as laid out last week in their financial accounts for the year ending May 31 2010, was £54.3 million. Chelsea’s for the same period has been reported at £172 million. City’s was £133 million. Aston Villa and Tottenham, never mind Liverpool and United, spend far bigger sums on wages. Everton’s more natural position would be as one of a cluster — Blackburn Rovers, Fulham, Sunderland and West Ham United — scrambling for a top-half finish.
Time for Bill Kenwright, the Everton chairman, to loosen the purse strings? In theory, yes, but there is not much room for financial manoeuvre. Their wage bill rose by 10.7 per cent last season and other costs rose by 12.2 per cent, but their turnover shrank by 0.7 per cent. With debts of a little less then £48 million — and debts that the club has to work hard to service — the place is not awash with cash.
In order for Everton to be competitive, something has to change. A new stadium was the priority for years — there was the much-mourned failure in 2003 to raise funds to build on a desirable location on Kings Dock and the less-lamented rejection in 2008 of a development in Kirkby — but for now the club are resigned to spending the foreseeable future at Goodison Park, a ground that yielded matchday revenue of £22.8 million last season. Equivalent figures elsewhere: Tottenham £36.8 million, Liverpool £42.9 million, Arsenal £93.9 million, United £100.2 million.
Kenwright has concluded that he has to sell, having admitted that he is “a pauper when it comes to other chairmen”. But the longer his search goes on, the quieter things are on the investment front, the louder the accusations come from supporters that he is holding back the club, standing in the way of progress, putting his own interests before those of his “beloved” Everton.
It all sounds very familiar. It sounds like the accusations levelled at David Moores as he made unrealistic demands of anyone seeking to buy Liverpool four or five years ago. As the pressure grew, Moores ended up panicking, choosing the most favourable offer of the two in front of him and selling to two American tycoons who oversaw perhaps the most turbulent, chaotic, damaging period in the club’s history — a period from which the damage has yet to be fully ascertained.
Everton need a new start, but just how desperate are they? Desperate enough to demand that the search for new investment is intensified or widened, certainly, but surely not so desperate as to demand that Kenwright simply sells to the highest bidder.
The modern history of English football tells us that it is far easier to succeed with outside investment, but it also tells us that the promise of outside investment — think Hicks and Gillett, Mike Ashley, Alexandre Gaydamak, Thaksin Shinawatra, those jokers who almost ruined Notts County — is almost always far more attractive than the reality.
These, though, are the times we live in. Any change is often regarded as better than none. Even the vague promise of hope is better than a familiar sense of disappointment.
But if there is one thing worse than a prudent owner who proclaims to care as much as any supporter, it is the reckless owner who clearly cares only for himself. And the experience of clubs up and down the land, through all four divisions, tells us that if Everton could do better than Kenwright, they could also do a lot worse. An awful lot worse.
Article in the Times today.
Imagine a football club that ticks just about every box. A proud, historic club, owned by a local boy made good, playing in front of packed, passionate crowds in an atmospheric stadium, where a gifted, spirited bunch of players are sent out by a talented, determined manager with a genuine affinity for the institution he represents.
It sounds idyllic — the club in question is also well supported, well run, well managed — but in the material world that is English football in 2011, it is nothing like enough. Glory is what every fan craves, but hope and ambition come not far behind.
And hope, never mind glory, costs serious money these days, as Everton are discovering.
David Moyes looked depressed during and after Everton’s 2-0 defeat away to Bolton Wanderers yesterday, a result that left his team just three points clear of the relegation zone. Asked whether they were now in a relegation battle, Moyes replied that he had thought so “since the third week of the season” — a season that began with no less a judge than Sir Alex Ferguson tipping them to challenge for a top-four finish.
For Everton to achieve that would, on the basis of most expectations at the start of this season, entail finishing above Manchester City, Tottenham Hotspur and Liverpool. In other words, it would require them to outperform three clubs who spend far bigger sums on transfer fees and, in particular, wages. And if Moyes’s record at Goodison Park inspires confidence that it can be done, the correlation between the Premier League and the Deloitte Football Money League tables has never been closer.
Everton’s wage bill last season, as laid out last week in their financial accounts for the year ending May 31 2010, was £54.3 million. Chelsea’s for the same period has been reported at £172 million. City’s was £133 million. Aston Villa and Tottenham, never mind Liverpool and United, spend far bigger sums on wages. Everton’s more natural position would be as one of a cluster — Blackburn Rovers, Fulham, Sunderland and West Ham United — scrambling for a top-half finish.
Time for Bill Kenwright, the Everton chairman, to loosen the purse strings? In theory, yes, but there is not much room for financial manoeuvre. Their wage bill rose by 10.7 per cent last season and other costs rose by 12.2 per cent, but their turnover shrank by 0.7 per cent. With debts of a little less then £48 million — and debts that the club has to work hard to service — the place is not awash with cash.
In order for Everton to be competitive, something has to change. A new stadium was the priority for years — there was the much-mourned failure in 2003 to raise funds to build on a desirable location on Kings Dock and the less-lamented rejection in 2008 of a development in Kirkby — but for now the club are resigned to spending the foreseeable future at Goodison Park, a ground that yielded matchday revenue of £22.8 million last season. Equivalent figures elsewhere: Tottenham £36.8 million, Liverpool £42.9 million, Arsenal £93.9 million, United £100.2 million.
Kenwright has concluded that he has to sell, having admitted that he is “a pauper when it comes to other chairmen”. But the longer his search goes on, the quieter things are on the investment front, the louder the accusations come from supporters that he is holding back the club, standing in the way of progress, putting his own interests before those of his “beloved” Everton.
It all sounds very familiar. It sounds like the accusations levelled at David Moores as he made unrealistic demands of anyone seeking to buy Liverpool four or five years ago. As the pressure grew, Moores ended up panicking, choosing the most favourable offer of the two in front of him and selling to two American tycoons who oversaw perhaps the most turbulent, chaotic, damaging period in the club’s history — a period from which the damage has yet to be fully ascertained.
Everton need a new start, but just how desperate are they? Desperate enough to demand that the search for new investment is intensified or widened, certainly, but surely not so desperate as to demand that Kenwright simply sells to the highest bidder.
The modern history of English football tells us that it is far easier to succeed with outside investment, but it also tells us that the promise of outside investment — think Hicks and Gillett, Mike Ashley, Alexandre Gaydamak, Thaksin Shinawatra, those jokers who almost ruined Notts County — is almost always far more attractive than the reality.
These, though, are the times we live in. Any change is often regarded as better than none. Even the vague promise of hope is better than a familiar sense of disappointment.
But if there is one thing worse than a prudent owner who proclaims to care as much as any supporter, it is the reckless owner who clearly cares only for himself. And the experience of clubs up and down the land, through all four divisions, tells us that if Everton could do better than Kenwright, they could also do a lot worse. An awful lot worse.
davek
Player Valuation: £150m
I see Kenwright's had his little helpers in the media out today. Nice one Ian Ross.
Any change at the top will get you...erm...worse than you have now. Yes, ok.
And what's this feller talking about a 'well run' club for? They've had 10 years to invest in it and done everything but sell the tea lady and Fred the doorman to avoid getting investment. That's why we're down the toilet.
File under: dumb hack get's this wrong.
I see Kenwright's had his little helpers in the media out today. Nice one Ian Ross.
Any change at the top will get you...erm...worse than you have now. Yes, ok.
And what's this feller talking about a 'well run' club for? They've had 10 years to invest in it and done everything but sell the tea lady and Fred the doorman to avoid getting investment. That's why we're down the toilet.
File under: dumb hack get's this wrong.
He does raise some salient points though, i think everyone knows we need investment, but there are a lot of bad Teds out there who want in. We know there is good and bad investment - there are examples of each. Its important to weed out Hick & Gillets of this world.
The second excellent point is in term sof the stadium, regardless of how deeply someone pockets are if they come in. The stadium turning over 24 million is massively poor especially when you consider our fanbase. If you offered me a choice of a new stadium with the current board or a billionaire who wanted to stay at Goodison - i would choose the first. The stadium really is vital above and beyond anything else.
davek
Player Valuation: £150m
Yes, and doesn't the hack do a very good job of mentioning all the dodgy takeovers to the exclusion of those that worked. Isn't he supposed to be balanced as a journalist for a 'quality' paper? Apparently not.
But his point there is another massive underlining of the failure of the Kenwright regime: it's been on his watch - he's overseen two failed projects. We all know we need a new facility. We aren't getting one under this lot.
EFC_4eva Gary_Lineker--85/86 (stephenneedley@googl
Player Valuation: £150k
Yes by all means do.
Muggins
Player Valuation: £60m
cheers mate.
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