Was it all Lies?

[Bruce Wayne]

Transfer money has to come from somewhere. We can't magic money out of thin air. Our operating profit last year, not accounting for transfers, was about £100k I believe. So unless we borrow money that is what we have to invest. Add in transfer activity and we lost around £3m last year I believe.

So if we're losing money year on year, where exactly will money for transfers come from?

 

[Basil Fawlty]

Transfer money has to come from somewhere. We can't magic money out of thin air. Our operating profit last year, not accounting for transfers, was about £100k I believe. So unless we borrow money that is what we have to invest. Add in transfer activity and we lost around £3m last year I believe.

So if we're losing money year on year, where exactly will money for transfers come from?

Sky TV

 

[Bruce Wayne]

Which is included in the profit and loss. We have Sky money and still make a loss.

 

[GhostOfDixie]

Which is included in the profit and loss. We have Sky money and still make a loss.

Yeah but it was reported that we had £17m for transfers plus whatever sales we made. So that makes £27m. We have spent £17m on two players, so we should have £10m left.

Unless something dramatic happened and we had to eat into our budget.

 

[davek]

Transfer money has to come from somewhere. We can't magic money out of thin air. Our operating profit last year, not accounting for transfers, was about £100k I believe. So unless we borrow money that is what we have to invest. Add in transfer activity and we lost around £3m last year I believe.

So if we're losing money year on year, where exactly will money for transfers come from?

The £30M loan the club secured after the last transfer window shut maybe?

 

[SimonP]

Transfer money has to come from somewhere. We can't magic money out of thin air. Our operating profit last year, not accounting for transfers, was about £100k I believe. So unless we borrow money that is what we have to invest. Add in transfer activity and we lost around £3m last year I believe.

So if we're losing money year on year, where exactly will money for transfers come from?

So how did we manage to buy Yakubu after whilst making a loss?

What about AJ?

There has been ONE year in recent times that Everton have made an operating profit, and that was when we sold Wayne Rooney

Every other year since then we've made an "operational" loss - yet we've spent £8.6m and £11m respectively on new strikers...

 

[Basil Fawlty]

We get about 30m from sky or whatever, then we must get more from the likes of Setanta, B.T vision and the BBC. I just don't see where all that money can go when we have one of the smallest squads and strictest wage structures

 

[Basil Fawlty]

The £30M loan the club secured after the last transfer window shut maybe?

Good point, what happened to that?

 

[davek]

Good point, what happened to that?

Have you seen that Joseph and his amazing technicolour dreamcoat mate? Very expensive wardrobe department needed for that.

 

[GhostOfDixie]

So how did we manage to buy Yakubu after whilst making a loss?

What about AJ?

There has been ONE year in recent times that Everton have made an operating profit, and that was when we sold Wayne Rooney

Every other year since then we've made an "operational" loss - yet we've spent £8.6m and £11m respectively on new strikers...

most clubs operate at a loss.

 

[Basil Fawlty]

Have you seen that Joseph and his amazing technicolour dreamcoat mate? Very expensive wardrobe department needed for that.

That Jenny Seagrove has been wearing a lot of new Mink coats lately as well

 

[SimonP]

most clubs operate at a loss.

so where does their transfer money come from then?

"most" clubs sign players, yet shouldn't be able to according to yer man's logic there

 

[GhostOfDixie]

so where does their transfer money come from then?

"most" clubs sign players, yet shouldn't be able to according to yer man's logic there

Well they get investment, they get loans, they re-mortgage. I'm basically saying that there are only clubs like Chelsea, Man U and Arsenal who operating at a profit due to the marketable assets at the clubs.

 

[Bruce Wayne]

Yeah but it was reported that we had £17m for transfers plus whatever sales we made. So that makes £27m. We have spent £17m on two players, so we should have £10m left.

Unless something dramatic happened and we had to eat into our budget.

It might help to look at the accounts. They're available on the OS.

So how did we manage to buy Yakubu after whilst making a loss?

What about AJ?

There has been ONE year in recent times that Everton have made an operating profit, and that was when we sold Wayne Rooney

Every other year since then we've made an "operational" loss - yet we've spent £8.6m and £11m respectively on new strikers...

I think that may well fall to our flexible friend.

The £30M loan the club secured after the last transfer window shut maybe?

Cost of Kirkby?

We get about 30m from sky or whatever, then we must get more from the likes of Setanta, B.T vision and the BBC. I just don't see where all that money can go when we have one of the smallest squads and strictest wage structures

We don't have a strict wage structure at all. We spend something like 70% of our turnover on wages.

 

[Bruce Wayne]

Well they get investment, they get loans, they re-mortgage. I'm basically saying that there are only clubs like Chelsea, Man U and Arsenal who operating at a profit due to the marketable assets at the clubs.

It's hard to believe that in this time of all times we still get people expecting us to spend beyond our means. Is the credit crunch not happening or something?