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deipnosophist
Player Valuation: £80m
deipnosophist
Player Valuation: £80m
deipnosophist
Player Valuation: £80m
deipnosophist
Player Valuation: £80m
Foot Long Hot Dog
Player Valuation: A packet of pork scratchings
^ Que?
deipnosophist
Player Valuation: £80m
...it is a cash flow expose on Everton's finances to the end of the announced TV monies...it describes Everton's financial position...at the end of May 2019 we have no debt and 41mio in the bank (assuming op expenses max at 110mio/year and 19 mio of net transfers every August)
Foot Long Hot Dog
Player Valuation: A packet of pork scratchings
Not being funny mate, but it didn't need a cash flow analysis to figure out that if our cost base stayed the same and we didn't increase player expenditure then the additional £30m per season TV revenue would allow us to clear the det (should we wish to) over the 3 years of the new deal.
faddy the blue
Player Valuation: £35m
How much do we realistically have in the kitty for January?
deipnosophist
Player Valuation: £80m
I recognise that intuit. I was on an aeroplane and the breakdown helped while away the time. Regardless, I think it provides a reasonable working model to follow 'seasonality' of cash events...especially the new tranches of drawn down debt in the off season which a lot of GOTers think is some Board rort (given the increased revenues).
PS...I believe it's more like 40-45mio/season
quasi modo
Player Valuation: £40m
deipnosophist
Player Valuation: £80m
The model shows that debt seasonally peaks in August next year
. I reckon that bringing forward/borrowing from future revenue streams, a case could be made for a one off (or extra) purchases of up to 20mio (over and above the 19 mio/yr net transfer accommodated)...if the right opportunity arose. The thing is, the guaranteed revenue streams run till May 2019...after that who knows? I suggest the cash 'buffer' of 28-41mio at that time, might be prudently maintained. If the tide goes out suddenly, you don't want to be caught swimming naked.
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The Esk
Player Valuation: £70m
Interesting figures @deipnosophist . I haven't had a huge amount of time but the figures and any revisions demonstrate how vulnerable the balance sheet is to higher than expected expenditure or lower revenues (nothing we didn't know before).
For example an annual increase of 10% in costs, and 10% in transfer budgets takes the club from being +£41 million in May 2019 to -£43 million (would actually be higher as I have not factored in borrowing costs)
What assumptions did you make about revenues?
This is great. Obviously, it's TV only (CL and EL play broaden exposure and can increase commercial opportunities as well), but very interesting numbers:
Here is the... erm... money shot?
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