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Everton FC - Finances

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Only had a few minutes to look at this so haven't had a chance to look back at the 2013/14 accounts however wasn't a significant part of the cash balance carried forward season ticket money pre paid for the 2014/15 season?

If my memory is right, and I accept at my age it's quite possibly not, in the projections is there is in effect one years extra season ticket money ?
 
Don't refer to other blues that way
In summary, Kenwright (who hasn't got the fortunes needed) and the rest of the board (who have) are not prepared to invest their own monies into Everton.

As such, for us to progress on and off the pitch we need new owners willing to do just that.

Our present owners have consistently peddled the myth that nobody is buying football clubs anymore which of course we all know is utter horsesh!t.

Their perceived value of the club is clearly far too high & completely unreasonable.

Evertonians on the whole are complete f***tards (they say ignorance is bliss) who clap William Kenwright CBE every time they see his face on a big screen and as such will forever reap what they sow.

Until people organise a concerted campaign to oust these jokers or the fan base boycotts matches entirely it will remain as it to infinitum.
 
Well it's helped us to tell Chelsea where to go when they wanted stones and will also help us in the future that we don't need to sell our big players

Actually we do. We do need to sell players because selling a player is like a fresh injection of capital. We just don't need to sell players in a fire sale anymore. What we need is capital that is invested so that it is productive in developing non-TV income streams.
 
Interesting article on Soccernet about the relative worth of EPL teams shirt and sponsorship rankings.
We rank 7th behind the "top 4" RS and Spurts. So, it would seem that our shirt & sponsorship deals (relative to the rest of the teams) is not as bad as many people make out. Having said that there is still a big gap between us and the top teams :-
http://espn.go.com/espn/feature/sto...ish-premier-league-most-valuable-kits-2015-16

Think they have our figures wrong. In the last set of accounts our Sponsorship, advertising and merchandise was worth 8 million.

The Kitbag deal, while a very safe prudent idea at the time is costing us now.
 
definite possibility - but it could also be the thing which helps us finally break the top 4 barrier. we've been competing just below that line now for a good few years on pretty much a negative spend. a couple of shrewd signings to go with the crop of youngsters we seemingly have coming through and i just view it as an opportunity to make the next step. we were never going to do that plodding along with £5m being spent here and there, whilst all the other top 7 clubs were spending £50m+ a summer. us being able to spend £35m and them spending £80m works more in our favour i believe.

anyway, time will tell, i'd prefer to look on the possible positive side of things rather than possible negatives.

we look at our squad now and we have three sellable assets in stones, barkley and lukaku who could all be worth north of £50m. although those teams you mentioned could bridge the gap - they don't have nor can they yet attract players of that quality. Their improvement will also hopefully make the league even more competitive than it is, bridging the current gap between the top 7 and the rest.

The resistance to Chelsea and the appalling way they tried to lure John Stones away was indeed much needed, not only for Everton but for football in general.

The signing of younger players with (presumed, hoped for) potential to bolster a squad that has in general terms got younger since the arrival of Martinez will hopefully see the manager able to mould a team to play more along the lines of his first season than last, and for a number of years to come and hopefully see us genuinely challenge for some silverware/Europe.

If he can achieve a return to that level of play and improve further upon it, then the 'sellable assets' of Stones, Barkley and Lukaku should be less tempted to seek moves away from Everton.

Further sensible and obviously needed squad reinforcements will need to be made e.g. goalies, playmaker, another striker, but as we can't compete with the you-know-whos with the big bucks, scouring the market for lesser known prospects - with the odd big price-tag signing - may need to be the order of the day for some (considerable) time.

We need to trim the squad of the aging, injury prone - don't really like to use the term deadwood, but in some cases, that cap fits - players and use the saved payroll expenditure to secure further any wavering youngsters, then from a playing perspective, the future could indeed by very rosy.

The stability and performance of the team is paramount to engendering even stronger loyalty and support from the fan base, but the fact remains that however the current board operates needs to change, investment or even a complete change of ownership/the board is massively needed, and someone, somehow needs to get off the pot and pi55 in regards to the monkey on our backs - redevelopment of GP or a new stadium.

None of this is easy, there are no simple solutions, and there does not appear to be a billionaire Evertonian out there willing/able to do for us what Abramovich and Sheikh Mansour have done for Chelski and Man City respectively - I wish there were.

First things first, let's make GP truly loud, proud and hostile next Saturday, send Jesse and the rent boys home beaten, humiliated and humbled, and then continue trying to move forward.
 

Only had a few minutes to look at this so haven't had a chance to look back at the 2013/14 accounts however wasn't a significant part of the cash balance carried forward season ticket money pre paid for the 2014/15 season?

If my memory is right, and I accept at my age it's quite possibly not, in the projections is there is in effect one years extra season ticket money ?
Not sure from where you have derived that assertion...prepaid items might appear in operating revenue (and cash flow report) but I cannot see where this is specifically referenced
 
Many thanks Mr. Deiphosophist for your time and effort.

It strikes me that under Billy Liar despite the massive increase in tv revenues, EFC is as fragile and vulnerable as ever.
 
What worries me about that new money is all the clubs who we think are behind us, smaller than us, are going to be getting it, and if they are run well it will be a financial platform from which they can leave us behind. One thing being behind the "big 4" ( +Liverpool ), West Ham look to be spending and with the new ground...etc can maybe push on, the likes of Stoke, Southampton, Spurs, even Palace could push on and leave us behind.

West Hams last loan from Vibrac was for £SIXTY MILLION....about three times the Everton loan. And yet Gold etc are supposed to be well heeled. I met Gold and Sullivan once, some years ago, and they reeked of money then.
 
Is there confirmation we took out the VIBRAC loan this year again? I was kinda hoping with our lack of spending that we'd avoided it ...
 
Is there confirmation we took out the VIBRAC loan this year again? I was kinda hoping with our lack of spending that we'd avoided it ...
well, even if EFC deferred all payments for the players we bought (19mio) in the window, (ie 'favourable' working capital movement), some sort of off season financing would have had to have been transacted. Presently, cash from operations does cover expenses and transfers....it does not accommodate any debt maturities (and Everton had 28mio maturing in year ended May 2015). Effectively, new drawdowns are effectively roll-overs of this short term (<1 year) debt item. The extra 40 odd mio/year TV money due to come in from next season will ultimately retire not only the roll-over requirement, but all debt (at end of 2014, EFC had 20 mio of term debt with a 2-5 year maturity)
 

I do hope folk aren't placing too much faith in some Twitter accounts that give as much opinion as they do fact.

If we give Twitter transfer rumours caution, then I suggest we do the same with financial digging on Twitter also.
 
In summary, Kenwright (who hasn't got the fortunes needed) and the rest of the board (who have) are not prepared to invest their own monies into Everton.

As such, for us to progress on and off the pitch we need new owners willing to do just that.

Our present owners have consistently peddled the myth that nobody is buying football clubs anymore which of course we all know is utter horsesh!t.

Their perceived value of the club is clearly far too high & completely unreasonable.

Evertonians on the whole are complete f***tards (they say ignorance is bliss) who clap William Kenwright CBE every time they see his face on a big screen and as such will forever reap what they sow.

Until people organise a concerted campaign to oust these jokers or the fan base boycotts matches entirely it will remain as it to infinitum.

Beautiful
 
By standing in the face of a mega cash cow organization like Chelsea is a breath of fresh air not only for us personally but others whom have to admire our stand and can do the same at some point. It will make to future very interesting indeed.
 

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