Steve0
Player Valuation: £35m
Well my take on their finances has caused quite the ruckus over at RAWK world. They've literally ALL just gone with childish insults rather than counter any of my points.
Not saying our finances are a bed of roses, I didn't even imply it.
Anyway, quick response to the lurkers
"Moshiri has ‘cleared’ their debt with a ‘loan’ that is interest free. It is still a debt. However he now has first dibs on monies should he want it back. That has allowed them to borrow more money and gain a Chinese overdraft facility."
Well this is the thing, the loan is reported as equity. Familiar with that word, I'm sure. Everything you've written is correct, thing is Evertonians weren't rejoicing because the debt had 'vanished'. We're a bit more clued up.
Let's then have a go at the financial position of the redshite, despite barely understanding what has gone on, and ignoring our own finances which show a completely lopsided income stream that is 75% skewed to TV money and which will also show a record wage bill, which will only get worse.
This is the reddest of red herrings. The basic figure is correct but his implication is off beam, all other income streams are tied to being in the premier league. If the RS debts become unmanageable and they do a Leeds then wave bye bye to the hospitality revenue, say adios to shirt sales in Malaysia, bid farewell to sponsorship deals etc.
His record wage bill is odd as well....all teams have record wage bills. It's a meaningless comment which he unsurprisingly doesn;t exapnd upon.
However I digress, Everton have wages/turnover ratio of 59%. This includes ALL wages, outsourced catering, groundsmen, stewards, admin etc.
Liverpool's ratio was 70%. Turnover has increased but with the acquisition of Salah, Oxlaide Chamberlain, Van Dijk etc then the figure is likely to be around the same.
Everton's balance sheet currently shows £0 debt.
Liverpool's shows £67m.
The expansion hasn't quite laid the golden egg, there was talk of it bringing in an extra £25m. Match day revenue increased by £12m, mainly due to corporate but also a lot of it down to increases throughout the ground.
Even with the favourable interest rate it will take nearly two decades to pay that off.
Not saying our finances are a bed of roses, I didn't even imply it.
Anyway, quick response to the lurkers
"Moshiri has ‘cleared’ their debt with a ‘loan’ that is interest free. It is still a debt. However he now has first dibs on monies should he want it back. That has allowed them to borrow more money and gain a Chinese overdraft facility."
Well this is the thing, the loan is reported as equity. Familiar with that word, I'm sure. Everything you've written is correct, thing is Evertonians weren't rejoicing because the debt had 'vanished'. We're a bit more clued up.
Let's then have a go at the financial position of the redshite, despite barely understanding what has gone on, and ignoring our own finances which show a completely lopsided income stream that is 75% skewed to TV money and which will also show a record wage bill, which will only get worse.
This is the reddest of red herrings. The basic figure is correct but his implication is off beam, all other income streams are tied to being in the premier league. If the RS debts become unmanageable and they do a Leeds then wave bye bye to the hospitality revenue, say adios to shirt sales in Malaysia, bid farewell to sponsorship deals etc.
His record wage bill is odd as well....all teams have record wage bills. It's a meaningless comment which he unsurprisingly doesn;t exapnd upon.
However I digress, Everton have wages/turnover ratio of 59%. This includes ALL wages, outsourced catering, groundsmen, stewards, admin etc.
Liverpool's ratio was 70%. Turnover has increased but with the acquisition of Salah, Oxlaide Chamberlain, Van Dijk etc then the figure is likely to be around the same.
Everton's balance sheet currently shows £0 debt.
Liverpool's shows £67m.
The expansion hasn't quite laid the golden egg, there was talk of it bringing in an extra £25m. Match day revenue increased by £12m, mainly due to corporate but also a lot of it down to increases throughout the ground.
Even with the favourable interest rate it will take nearly two decades to pay that off.
,just another sample of the mess Ridsdale put that club in,the Ridsdale goldfish story is another one how stupid he was with money.
