Balancing the books this window

[ToffeeScot]

Thelwell in terms of the business side of it appears to be pretty good at his job.

There is the glaring obvious of not getting in a striker last season and not getting in one prior to this season beginning but the Beto and Iwobi deals are top tier business.

 

[ToffeeTim]

Isn't Iwobi reported at £15 plus add ons ?

£22m is being reported, but not sure how much is guaranteed and how much is conditional. I'd like to think any clauses are realistic, or at least most of them.

 

[andy4efc]

Buying something on credit doesn't mean it's free

Doesn't change the fact we have paid nothing yet for Beto.

I dont believe the books are unbalanced anymore. We just have cash flow. Looks liek we're going to get £25m to play with.

If we do not spend a penny, then I'm wrong and the books needed balancing.

 

[The Blue Orca]

Bloody hell. That's even better and more ridiculous

I was pleasantly surprised

 

[Tremenator]

Might not notice it straight away but getting Yerry Mina off the books will save us £500,000 every month.

 

[RomanReigns]

the club got 500k from Qatar for the world cup as well

think we got some compo money for some academy players who got signed by other clubs as well

 

[Yarrgh]

Don't forget about the effects of wages. They need bringing down as a % of turnover and some of the money brought in out against our outgoings.

We're a basketcase but hopefully with a glimmer of light at the end of the tunnel is appearing.

 

[Moomin]

Buying something on credit doesn't mean it's free

I know but as of this summer we have paid nothing.

Financially we look screwed.

 

[Moomin]

Don't forget about the effects of wages. They need bringing down as a % of turnover and some of the money brought in out against our outgoings.

We're a basketcase but hopefully with a glimmer of light at the end of the tunnel is appearing.

Liquadation is the light at the end of the tunnel.

We have maxed out on loans with regards to future tv money to the tune of 200 million. 40 Million bridging loan took out in June that needs to be paid back.

MSP have loaned the Everton Stadium company 100 million and we still have a shortfall of 160 million for the stadium build to find.

Last set of accounts was 90% of turnover on wages.

 

[Paul Rideout]

Might not notice it straight away but getting Yerry Mina off the books will save us £500,000 every month.

Iwobi is another £500k a month off if/when he goes.

 

[matty1878]

£22m is being reported, but not sure how much is guaranteed and how much is conditional. I'd like to think any clauses are realistic, or at least most of them.

it’s only good if it’s being invested

 

[Evertonthat]

Simms €7M, Nkounkou €2M both brought in fees.

Stones Champions league bonus payment.

Potentially money in for Grey, Cannon, Iwobi (Reported £22M plus addons).

Moise Keane £28M was also officially this window.

 

[BornBlue76]

If balancing means FFP then it’s about the profit and accounting for what and when… not cash flow right?

Means net profit for sales vs incoming amortization costs in the year.. and the net effect of the salary moves…

We also don’t know some of the Incoming payments for sales so can’t just pick our staged payouts…

But on paper the net profit vs amortization looks seriously in our favour .. and Mina was seriously an expensive player every week

 

[Moomin]

it’s only good if it’s being invested

Invested in paying our debts off.

 

[Yarrgh]

Liquadation is the light at the end of the tunnel.

We have maxed out on loans with regards to future tv money to the tune of 200 million. 40 Million bridging loan took out in June that needs to be paid back.

MSP have loaned the Everton Stadium company 100 million and we still have a shortfall of 160 million for the stadium build to find.

Last set of accounts was 90% of turnover on wages.

Goddammit, I forgot about the stadium loans.

Bankruptcy awaits....