Everton FC - Finances

[Chang Elephant]

I dread to think where this club would be now if Paul Greggs plans for a reverse mortgage were implemented,the burden of debt would have seen us bankrupt.

Show your workings or pipe

 

[Toffeelover]

Thanks Mate. What a load of guff one has to scroll through before seeing any figures, a whole load of patting themselves on the back which is sickening when one sees the results which are pathetic.

If there was no TV revenue the club would be bankrupt and would have to be liquidated. Heaven help us if ever we did suffer the drop.

 

[Blue_in_london]

So after much sharing of knowledge and insight into running a successful business, I've come to two conclusions:

1. A business needs to make more money than it spends.

2. As a football club, you need to win more games than you lose.

 

[bourneblue]

Show your workings or pipe

I thought you would show me yours detailing how we could have paid for it,as ever since you've been all too quick to mention our debt,surely having such a massive mortgage would only have increased our debt. It's not rocket science is it ?

 

[Jayhow15]

I'm an educated man, with a good grasp on the understandings of the synergies between economics and football - this thread however has left me baffled. Loads of good posts with great content but still left wondering what the hell is going on with our club and money.

 

[njligernj]

The days of a Jack Walker type ploughing (tens then) hundreds of millions into a club and looking for very little in return are over. Its a fantasy to expect this type of fairytale.

The odds are long but why do you think those days are over? There are a lot of sugar daddies in the game right now -- seems like more than there were in the 80's.

 

[njligernj]

Agreed but it goes a bit deeper.

In the extreme, by not investing in the playing squad this summer we are risking going down as our rival companies (teams) strengthen. Obviously relegation is extreme to say the least, but we could well be falling way behind from being quite a way ahead.

Sometimes in business you have to take a risk. 'Speculate to accumulate' is over used but something I very much believe in. By spending big you can earn big. I feel Everton would never risk this though.

Should the very worst happen you only have to look at the likes of Leeds, Sheffield Wednesday and so on to see how hard it can be to recover.

Having said all that. We probably won't go down.

Newcastle is a far more reasonable parallel for what would likely happen if we got relegated. Also I'm not sure what parallel "relegation" has in relation to real business considering parachute payments. Car company/banking bail outs?

You could write up an extremely good business plan which aimed to maximize profits from football which would include relegation as a potential cost of doing business. It's far from a deal breaker if we only care about profit.

I agree with you in general though: one year, and that year will likely be within the next three years and the sooner the better, if we don't take a risk and spend some money we're done in terms of regular top 7 finishes.

 

[Huyton Layne]

Ok you're 7 pages in. Has the Arteta money turned up yet?

 

[deipnosophist]

I'm an educated man, with a good grasp on the understandings of the synergies between economics and football - this thread however has left me baffled. Loads of good posts with great content but still left wondering what the hell is going on with our club and money.

...nothing, that is the point.

 

[ijjysmith]

Newcastle is a far more reasonable parallel for what would likely happen if we got relegated. Also I'm not sure what parallel "relegation" has in relation to real business considering parachute payments. Car company/banking bail outs?

You could write up an extremely good business plan which aimed to maximize profits from football which would include relegation as a potential cost of doing business. It's far from a deal breaker if we only care about profit.

I agree with you in general though: one year, and that year will likely be within the next three years and the sooner the better, if we don't take a risk and spend some money we're done in terms of regular top 7 finishes.

I didn't pick Newcastle due to the stadium. They have one fit for purpose. But yeah everything else.

 

[deipnosophist]

Ok you're 7 pages in. Has the Arteta money turned up yet?

yep...that bloke from Mission Impossible tracked it down. They made a movie about it apparently

 

[daz4matty]

...nothing, that is the point.

We have booked sly for a half time treat with half of it.

 

[Matty_j1878]

Show your workings or pipe

He does all his workings out in his head mate

 

[Heathcliff]

The odds are long but why do you think those days are over? There are a lot of sugar daddies in the game right now -- seems like more than there were in the 80's.

Because outspending the oil trillionaires or the Russian drug dealers or the club Murdoch and his empire of filth tried to acquire is seriously big money. Seriously.

 

[Chang Elephant]

He does all his workings out in his head mate

We really do have some characters supporting our club. Some lad in the board thread was saying that the Blue Union or SOS were raising Kenwright's health on twitter tonight. Then he piped down as if it he'd never said it.