Usmanov

[Neiler]

I have no idea if Usmanov is involved. Unfortunately I dont know those sort of things.

But I completely disagree we are in a mess. And I dont get your point about the accounts. Of course they exist. But they haven't been made public yet so why are they being discussed?

The accounts can be projected though, its fairly simple past the end of the financial year, albeit admittedly subjective.

I want to be reassured to be honest with you mate, your not giving me a reason to be though, ive posted my reasoning and figures, whats yours?

Genuinely interested.

 

[brieverton]

There is no barrier to Usmanovs investment, if he wishes to proceed, other than Moshiri's vanity in wishing to go it alone.

I am greatly encouraged by the reports of Usmanovs meeting with Ancelotti, I don't think there is any way he would be manager here without credible guarantees concerning the resources that will be available over the next four years. Those guarantees could not be provided by Moshiri alone given his personal wealth and the state of the club's finances.

I can't really see why Usmanov would be so keen to publicly float the idea of investing if there is nothing in it. Funding a significant proportion of the stadium build in return for equity appears to be the way to go given the limitations with FFP. I could see another holding company being formed to cover that investment, majority owned by Usmanov but with Moshiri as the face of the operation and de-facto boss at Everton albeit symbolically only.

The relationship with Usmanov is already formalised at the club through the sponsorship agreements, in the meantime the reports of a more significant investment have persisted since Moshiri's arrival. The man himself has now been quoted in a very established and serious publication that it would be a "pleasure" for him to invest.

We may have to be patient, but I think if And when PP is granted for the stadium then things with Usmanov might progress in tandem.

We need his resources. If this can happen then it must.

 

[ToffeeTim]

They can be projected though, its fairly simple.

I want to be reassured to be honest with you mate, your not giving me a reason to be though, ive posted my reasoning and figures, whats yours?

Genuinely interested.

Because all I'm concerned with is our balance sheet position and ability to cover our debt. Making a loss doesn't mean you are in severe trouble. Amortisation is an accounting concept too and it would make up much of our loss.

What is our level of debt, and more importantly, can we service it? That's all that really matters. Debt in itself is not a problem.

I have seen nothing to suggest our level of debt is putting us in danger.

Anyway, I'm done talking accounts on a Saturday lol

 

[Bob Latchford]

The quotes from him are encouraging.

He’s obviously involved already but maybe now is the time to crank up some tangible involvement, just in time for a seasonal transfer splurge

 

[Toffeelover]

There is no barrier to Usmanovs investment, if he wishes to proceed, other than Moshiri's vanity in wishing to go it alone.

I am greatly encouraged by the reports of Usmanovs meeting with Ancelotti, I don't think there is any way he would be manager here without credible guarantees concerning the resources that will be available over the next four years. Those guarantees could not be provided by Moshiri alone given his personal wealth and the state of the club's finances.

I can't really see why Usmanov would be so keen to publicly float the idea of investing if there is nothing in it. Funding a significant proportion of the stadium build in return for equity appears to be the way to go given the limitations with FFP. I could see another holding company being formed to cover that investment, majority owned by Usmanov but with Moshiri as the face of the operation and de-facto boss at Everton albeit symbolically only.

The relationship with Usmanov is already formalised at the club through the sponsorship agreements, in the meantime the reports of a more significant investment have persisted since Moshiri's arrival. The man himself has now been quoted in a very established and serious publication that it would be a "pleasure" for him to invest.

We may have to be patient, but I think if And when PP is granted for the stadium then things with Usmanov might progress in tandem.

We need his resources. If this can happen then it must.

I think it could be more than PP for the stadium. Would not surprise if Usmanov has not got his eyes on being involved with Peel's Liverpool Waters project, there is potential to recieve good returns on investments.

 

[tommye]

That's very unfair.

 

[Big_Duncs_Fod]

Right I'll be the first to admit I was wrong about this. I seriously didn't think he was involved much apart from his company sponsoring finch farm but looks like he has a lot more influence than was previously let on.

I just hope that Moshiri and Bill allow him to come onboard officially and we can finally start making real headway rather than having one false dawn after another.

We now have the right manager so let's get the structure in place to support him and give him the resources to invest correctly and build this team into a top 4 club and beyond.

 

[Toffeelover]

Because all I'm concerned with is our balance sheet position and ability to cover our debt. Making a loss doesn't mean you are in severe trouble. Amortisation is an accounting concept too and it would make up much of our loss.

What is our level of debt, and more importantly, can we service it? That's all that really matters. Debt in itself is not a problem.

I have seen nothing to suggest our level of debt is putting us in danger.

Anyway, I'm done talking accounts on a Saturday lol

Good idea leave it now for the office on Monday, meanwhile get your self a Sherry. ME, I retired 14 years ago from finances and accounts.

 

[fandjango]

The accounts can be projected though, its fairly simple past the end of the financial year, albeit admittedly subjective.

I want to be reassured to be honest with you mate, your not giving me a reason to be though, ive posted my reasoning and figures, whats yours?

Genuinely interested.

Subjective means you’re guessing and your guesses are weighted n the direction of your own beliefs
So basically .... you have no idea save the idea you want to have

 

[Neiler]

Because all I'm concerned with is our balance sheet position and ability to cover our debt. Making a loss doesn't mean you are in severe trouble. Amortisation is an accounting concept too and it would make up much of our loss.

What is our level of debt, and more importantly, can we service it? That's all that really matters. Debt in itself is not a problem.

I have seen nothing to suggest our level of debt is putting us in danger.

Anyway, I'm done talking accounts on a Saturday lol

Ha ha you asked the question,

Ive just shown you our balance sheet position are you not concerned.

In the last set of accounts we were holding the largest debt in the clubs history, 66 mill. Thats before this years accounts before we make the biggest loss in the clubs history. Amortisation is an accounting practice, but its there for a reason and has significant impact on real life events, not least due regulation.

For example and in in tangent with meeting our debt obligation and controlling the balance sheet we had to sell some players we didnt want to, basically player trading, for me significantly we lost Gueye and Lookman, two player s i think we would have prefered not to. Granted both wanted moves but our financial position in my opinion and the need to get revenue into business made us very willing sellers, amortization came into those deals as well. Thats has had real life impact on results and progress in my opinion.

So holding 66 mill, we are likely going to accrue more in the next set of accounts with our huge loss, we are likely to take on debt north of an additional 500 mill quite shortly to fund BMD, given our balance sheet i dont think there is question that as business in isolation, the club finances are an unsustainable mess in isolation.

Think we will agree to differ, in terms of our points of view.

 

[Neiler]

Subjective means you’re guessing and your guesses are weighted n the direction of your own beliefs
So basically .... you have no idea save the idea you want to have

Person posts opinion on opinion forum shocker. lol

They arent really my beliefs to be honest, they are an analysis and conclusion of information already in the public domain id be open to be corrected. As for beliefs im fighting with myself with them to be honest as by nature id be an optimist especially when it comes to Everton so id like the luxury of blind faith. I honestly wish my analysis and conclusion is better then i think it is and if it is ill be pleasantly surprised. Ill commend whoever covers the loss if it comes to pass.

Hopefully you are more right then me on your analysis and conclusion, ill be open to a scald if im wrong, but id say im ball park though and they are a mess.

 

[Tony1985]

Our finances appear exactly how the multi billionaire accountant majority shareholder wants them to appear. Nothing to see here.

This really. It completely baffles me how people make pages of Everton related business matters like the billionaire ACCOUNTANT hasn’t got a grasp of the Everton figures.

 

[rockin' robin]

Didn’t City get around FFP by receiving huge sponsorship deals from the same place their owners came from?

Looks like Everton may do similar with the new stadium sponsorship.

In a nutshell:
City’s owners paid stupid money for stadium naming and sponsorship.
FFP said you can’t pay that much, it’s not the going rate
City’s owners replied, if we’ve just paid it then it’s the going rate, now jog on.
That’s how they got round it. FIFA and FFP are still fuming, hence the continued attempts to fine / ban them.
But Tv deals etc mean that they can’t as they attract the biggest TV audiences with some of the best players. No TV company is going to agree to having City banned as it affects their revenues etc.

 

[Toffeelover]

This really. It completely baffles me how people make pages of Everton related business matters like the billionaire ACCOUNTANT hasn’t got a grasp of the Everton figures.

I think though there is a certain ineptitude when it came to owning a football club.

 

[MrGrumpy]

Accounts out on the 14th?