We're in the money

[Goat]

I think our wage bill is something like £46m, I could be very wrong.

 

[Bruce Wayne]

That sounds about right. Wages/turnover with us is generally around 60% if I remember rightly.

 

[Goat]

I think it had crept up a little last time out, I think it was nearer the 70% mark.

 

[Bruce Wayne]

Maybe. I guess the point is though that very few clubs can fund transfers organically through the profit they make. It's always done through a combination of sugar daddy opulence/debt/player sales.

 

[Goat]

The 20 richest clubs on the planet
Position* Club Revenue (£m)
1 (1) Real Madrid 236.2
2 (4) Manchester United 212.1
3 (2) FC Barcelona 195.3
4 (6) Chelsea 190.5
5 (9) Arsenal 177.6
6 (5) AC Milan 153.0
7 (8) Bayern Munich 150.3
8 (10) Liverpool 133.9
9 (7) Internazionale 131.3
10 (12) AS Roma 106.1
11 (15) Tottenham Hotspur 103.1
12 (3) Juventus 97.7
13 (11) Olympique Lyonnais 94.6
14 (13) Newcastle United 87.1
15 (16) Hamburg SV 81.0
16 (14) Schalke 04 76.9
17 (n/a) Celtic 75.2
18 (n/a) Valencia 72.4
19 (n/a) Olympique de Marseille 66.6
20 (n/a) Werder Bremen 65.5

Not All Clubs, I know this list doesnt take into account debt payments, but it makes interesting reading.

Source: Deloitte Football Money League 2008

 

[Bruce Wayne]

It would be interesting to see a comparable table showing profit of various clubs around the world. The latest figures from Deloitte showed that the league as a whole generated £185m in profit, but spent £675m across both transfer windows. That's a whole lotta money being spent that isn't being generated by revenues.

 

[Reidy's Bottle Of Grecian]

David Conn on the Premier League of debt | Football | guardian.co.uk

Wages as proportion of turnover 59%

 

[Blue Ray]

Sorry , and all , but why are having to borrow dough , in a age , when for the last few years the Sky cash has broke all records , an the only major signing in 2 years , was basically paid for by faddy and aj ??? And , after getting to an F.A. Cup Final , with three home sell - out's en route .
Where's the fukn wonga ???

Couldnt have put that better myself. The piss is being seriously taken out of us lot

 

[Goat]

Accounts for the year to 31 May 2008


Ownership Shares in the Everton Football Club Company Limited are owned by:

Bill Kenwright 25%

Jon Woods 19%

Robert Earl (resident of Florida) 23%


Turnover £76m (up from £51m the previous year, an increase of 50.1%)

Gate and match-day £20.5m

TV and broadcasting £46.6m

Other commercial activities £8.9m


Wage bill £44.5m (up from £38.4m the previous year, an increase of 16%)

Wages as proportion of turnover 59%


Profit before tax £26,000

Debts £39m

Interest payable £3.9m

Highest paid director Keith Wyness: £470,000


State they're in Two remarkable seasons for David Moyes' team, finishing fifth twice in succession, and a significantly improved financial picture, put fresh doubt on the need for Everton to move to the new stadium being controversially planned at Kirkby. The club ensured that players' wages did not gobble up the booming increase in TV money, and Everton turned over £76m, a £25m increase. Kirkby, which many fans oppose, is projected optimistically to be worth only another £6m annually, and even within the club, some may be quietly relieved if the government ultimately refuses permission for the scheme.

 

[Bruce Wayne]

Couldnt have put that better myself. The piss is being seriously taken out of us lot

Quite. No point looking at the evidence before you.

So, with the data provided by Reidy we have a profit league table looking like this for last season.

1 Arsenal 36.7
2 WBA 11.3
3 Fulham 3.2
4 Blackburn 3
5 Spurs 3
6 Everton 0.03
7 Hull -2
8 Sunderland -4.9
9 Stoke -5.6
10 Villa -7.6
11 Boro -8.3
12 Bolton -8.4
13 Wigan -11.2
14 Pompey -17
15 West Ham -22
16 Man City -32.6
17 Toon -34
18 Man Utd -44.8
19 Chelsea -84.5
20 Liverpool n/a

So we're not making any profit, we already have high debt levels, are in the middle of the worst credit crunch in donkey's years and we don't have a sugar daddy that enables us to blow money ala Chelsea and Man City.

So where the feck do people here expect us to get money from?

 

[uknightbreed]

although we needs signings , imo every loan the club takes out digs our hole a little deeper , makes our financies even tighter and makes us look like less of a decent proposition to be bought out.(if you balanced the books today , is there any club still left to buy ?)

we need the signings , we have no money , so we get a loan and pay interest on that loan which guzzles up more income.
what happens next summer ? same again ?

its a terminal situation that will only get worse each season unless by some sort of miracle we have 2 successful seasons in the cl within the next 3 seasons or even win the prem.

 

[teppic]

i'm all for keeping the belt tightened... but you do have to speculate to accumulate.

without the whole leeds thing being brought up, there are few businesses that have succeeded without taking risks at some point.

hmmm... but it is quite sobering looking at those figures.

uefa have to distribute the cash better has to be part of the answer. the difference in prize money in the european competitions is, well, quite ghastly.

 

[AdamTheGreatOneB]

i'm all for keeping the belt tightened... but you do have to speculate to accumulate.

without the whole leeds thing being brought up, there are few businesses that have succeeded without taking risks at some point.

hmmm... but it is quite sobering looking at those figures.

uefa have to distribute the cash better has to be part of the answer. the difference in prize money in the european competitions is, well, quite ghastly.

Yeah, they've spent time revamping the UEFA Cup to try and recapture the fans' attention and to try and make it feel more important to clubs. A better way to do that, as you say, is to increase the prize money.

 

[uknightbreed]

i'm all for keeping the belt tightened... but you do have to speculate to accumulate.

without the whole leeds thing being brought up, there are few businesses that have succeeded without taking risks at some point.

hmmm... but it is quite sobering looking at those figures.

uefa have to distribute the cash better has to be part of the answer. the difference in prize money in the european competitions is, well, quite ghastly.

imo getting loans secured to assets and future income season after season is not a good way to 'speculate to accumulate'.
its short term fix with long term consequences and dependant on success.its a repetitive cycle trap , its doing a leeds if ever there was an example.

the sad truth is we either need a rich new owner or have to become a selling club.
buy players low , sell them high , buy more players low , sell them high etc etc.

 

[davek]

Should Everton fans be worried ahead of the new season? | Sport Features | Sport.co.uk

Fair comment.