Matt Damon
Player Valuation: £60m
I had a read of this, posted onto Moanyweb.
Its from a Bletcher Report discussion of Everton's financial situation.
http://bleacherreport.com/articles/378517-why-has-nobody-bought-everton
Now, it doesn't really tell us anything we don't already know.
My first instinct was KEIOC propaganda hence why certain groups are already all over that like a rash. First comment on there.
The guy who writes this is very very negative in his style of writing generally. I HAVE NO IDEA why he suggested the sale of Rodwell for a measly £15million in there either???? It was neither a valid valuation or appropriate given that there is no need to sell the player at 19 with 4 years left on his contract when his valuation could jump further and further.
Bit of a piss take that. And NOT truly reflective of the Everton financial situation!!!!
Equally, the whole issue of the 6.9m player amortisation loss is a contentious one. Mainly its definition. It seems to be a hang over from the signings of 2007/2008 when the club went out buying players. And that we may see similar issue next season (from the 4 signings this summer).
HOWEVER, this this is a key point. The guy is never going to be positive as THE WHOLE ENGLISH FOOTBALL FINANCIAL MODEL IS FLAWED not just Everton. But Everton's cost rise management has been excellent. £ per point and we've outperformed everyone really.
I back this point up by - and people will remember I've often claimed the comparison with RANDY LERNER'S ASTON VILLA as an important one.
http://bleacherreport.com/articles/375262-randy-lerners-money-talks-at-aston-villa
Here the guy's suggestion matches what I've said about the situation at Villa this summer.
Aston Villa's financial issues are massive:
Aston Villa’s reported net debt has increased by 18% from £72.3m to £85.2m, though this would be nearly £100m if the post balance sheet loan notes of £12.5m were included. The net debt as at 31 May 2009 comprises £84.5m loan notes and £9.2m of bank loans and overdrafts less £8.5m cash. Although the debt is getting larger, it still looks reasonable compared to Manchester United, as it’s much lower (£100m vs £716m) and, in stark contrast to the Glazers, is financed from Lerner’s own company, rather than banks. According to The Times review, only four clubs have more debt than Villa: obviously Manchester United, Liverpool and Arsenal, but also (worrying drum roll) Portsmouth
For those interested - DO NOT JUST READ THE EVERTON ARTICLE IN ISOLATION.
No analyst would ever just look at one company. They'd compare companies to their competitors and the whole market.
This guy hasn't really. Its flawed because of that and its probably music to KEIOC ears. But its not truly reflective of whats going on * see bottom
His article about Everton purely focuses on Everton; (I've never said anything was perfect @Everton its not we know this: commercial revenues should be increasing especially compared to our competitors and must improve)...
The mere fact that say compared to Villa, Everton's COST CONTROL has been tight and hasn't been allowed to spiral is a good thing.
It makes us a more viable business because when costs inflate, they are very difficult to get back under control without say: doing a fire sale, losing far more long term and therefore damaging the club. Everton grew the quality of the playing staff but did so by keeping costs minimal (at a time when ALL CLUBS costs were growing at a higher rate).
But unlike Villa they didn't do it without INFLATING THE DEBT TO £90million. They also didn't inflate Wage:Turnover to 84%!!! (Everton's 62%)
And the operating expenses jumped by nearly 50% ! and the playing/coaching staff by 50% from 86 to 134 (Evertons 80 to 86)
KEIOC need to recognise costs have not jumped like Villa. And MUST be kept controlled.
Aston Villa took a massive gamble and it looks to me like it hasn't paid off. No champions league = major cost control issue this summer (and debt repayment at Lerner's discretion)
Which is why we've seen the instability, compared to that seen at Everton. And will do so more, compared to Everton this summer.
Are Everton going into this summer with instability? No we are not. That is key and we shouldn't be allowing anyone to cause it either.
The fact is given that the stadium is yet to be resolved (increase in revenue), the debt is half the level of Villa's, and the fact that wage:turnover hasn't been allowed to balloon. Therefore Everton are out of most of our competitors a decent if not the best potential investment.
The reason why none has come: Kenwright is waiting on something (stadium? team performance? the RIGHT investor? the RIGHT price for his shares?).
** Everton are a decent position out of any club because they didn't balloon the debt like others and costs haven't ballooned either
** the next revenue generator (stadium isn't yet in place).
** that the likes of commercial revenues have got room for growth (and have underperformed but could do better).
Felt the need to write this after seeing a blatant attempt to make Everton appear in a worse position than they are... especially given the state of our competitors. Made more illustratively by the misinformed claim that we should sell Rodwell, then seeing KEIOC comments on there.
Its from a Bletcher Report discussion of Everton's financial situation.
http://bleacherreport.com/articles/378517-why-has-nobody-bought-everton
Now, it doesn't really tell us anything we don't already know.
My first instinct was KEIOC propaganda hence why certain groups are already all over that like a rash. First comment on there.
The guy who writes this is very very negative in his style of writing generally. I HAVE NO IDEA why he suggested the sale of Rodwell for a measly £15million in there either???? It was neither a valid valuation or appropriate given that there is no need to sell the player at 19 with 4 years left on his contract when his valuation could jump further and further.
Bit of a piss take that. And NOT truly reflective of the Everton financial situation!!!!
Equally, the whole issue of the 6.9m player amortisation loss is a contentious one. Mainly its definition. It seems to be a hang over from the signings of 2007/2008 when the club went out buying players. And that we may see similar issue next season (from the 4 signings this summer).
HOWEVER, this this is a key point. The guy is never going to be positive as THE WHOLE ENGLISH FOOTBALL FINANCIAL MODEL IS FLAWED not just Everton. But Everton's cost rise management has been excellent. £ per point and we've outperformed everyone really.
I back this point up by - and people will remember I've often claimed the comparison with RANDY LERNER'S ASTON VILLA as an important one.
http://bleacherreport.com/articles/375262-randy-lerners-money-talks-at-aston-villa
Here the guy's suggestion matches what I've said about the situation at Villa this summer.
Aston Villa's financial issues are massive:
Aston Villa’s reported net debt has increased by 18% from £72.3m to £85.2m, though this would be nearly £100m if the post balance sheet loan notes of £12.5m were included. The net debt as at 31 May 2009 comprises £84.5m loan notes and £9.2m of bank loans and overdrafts less £8.5m cash. Although the debt is getting larger, it still looks reasonable compared to Manchester United, as it’s much lower (£100m vs £716m) and, in stark contrast to the Glazers, is financed from Lerner’s own company, rather than banks. According to The Times review, only four clubs have more debt than Villa: obviously Manchester United, Liverpool and Arsenal, but also (worrying drum roll) Portsmouth
For those interested - DO NOT JUST READ THE EVERTON ARTICLE IN ISOLATION.
No analyst would ever just look at one company. They'd compare companies to their competitors and the whole market.
This guy hasn't really. Its flawed because of that and its probably music to KEIOC ears. But its not truly reflective of whats going on * see bottom
His article about Everton purely focuses on Everton; (I've never said anything was perfect @Everton its not we know this: commercial revenues should be increasing especially compared to our competitors and must improve)...
The mere fact that say compared to Villa, Everton's COST CONTROL has been tight and hasn't been allowed to spiral is a good thing.
It makes us a more viable business because when costs inflate, they are very difficult to get back under control without say: doing a fire sale, losing far more long term and therefore damaging the club. Everton grew the quality of the playing staff but did so by keeping costs minimal (at a time when ALL CLUBS costs were growing at a higher rate).
But unlike Villa they didn't do it without INFLATING THE DEBT TO £90million. They also didn't inflate Wage:Turnover to 84%!!! (Everton's 62%)
And the operating expenses jumped by nearly 50% ! and the playing/coaching staff by 50% from 86 to 134 (Evertons 80 to 86)
KEIOC need to recognise costs have not jumped like Villa. And MUST be kept controlled.
Aston Villa took a massive gamble and it looks to me like it hasn't paid off. No champions league = major cost control issue this summer (and debt repayment at Lerner's discretion)
Which is why we've seen the instability, compared to that seen at Everton. And will do so more, compared to Everton this summer.
Are Everton going into this summer with instability? No we are not. That is key and we shouldn't be allowing anyone to cause it either.
The fact is given that the stadium is yet to be resolved (increase in revenue), the debt is half the level of Villa's, and the fact that wage:turnover hasn't been allowed to balloon. Therefore Everton are out of most of our competitors a decent if not the best potential investment.
The reason why none has come: Kenwright is waiting on something (stadium? team performance? the RIGHT investor? the RIGHT price for his shares?).
** Everton are a decent position out of any club because they didn't balloon the debt like others and costs haven't ballooned either
** the next revenue generator (stadium isn't yet in place).
** that the likes of commercial revenues have got room for growth (and have underperformed but could do better).
Felt the need to write this after seeing a blatant attempt to make Everton appear in a worse position than they are... especially given the state of our competitors. Made more illustratively by the misinformed claim that we should sell Rodwell, then seeing KEIOC comments on there.
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