Everton losses double in latest accounts as 'going concern' threat confirmed

[Kaiser Soysauce]

Almost time to start supporting a local grassroots / semi pro team.....

What a waste of a club

 

[degsy]

Given the amount of time Everton have been in the top division etc. etc. etc. it must actually be quite difficult to turn the club into an absolute basket case, but they actually managed to do it. Astonishing

Especially in a League that been awash with money for 30yrs

 

[jinkyali]

Having looked at the options I genuinely can't see how we as a club fix the position we are in whilst maintaining our Premier League status.

 

[Timbucktoo]

For so long under Moyes we all thought if only we had money to spend we could step up and start winning trophies. We get money to spend and are now fighting, not to win trophies but to stay, not just to stay in the prem, but to not go bust! Everton

 

[Cameron Manning]

What a venal, incompetent, shameless, self-serving parasite she is.

Like the man who put her in that position.

 

[Ferguson1878]

Hasn’t the wage bill come down massively since

We’ve lost sponsorships in that time to though

 

[charlie atkins]

so am I right in thinking, if we sell branthwaite For say 89 million is the debt then zero ?

 

[MikeH72]

Having looked at the options I genuinely can't see how we as a club fix the position we are in whilst maintaining our Premier League status.

From the stadium thread but relevant here.

The fanbase could save us if they continue turning up and filling out the new stadium. Our revenues will dwarf every club at that level. But I think we’ll need to see a complete overhaul of the squad and wage bill before we can start to look upwards again. We’ll have to have a few seasons of matching the wage bill of clubs like Middlesbrough and Hull before we are back on an even keel. Sadly this almost certainly means stabilising in the Championship for a few seasons at best. I think this is the only realistic way of turning this around.

In short, I agree. I don’t think we can do it while remaining a Premier League club, we will need to nuke the wage bill.

 

[degsy]

Where did you read this? The Barret-Baxendale Headlock Diaries? There is no way Everton has a bigger social media following than Manure or the RS.

Unless

it’s just rubbernecking ghouls wanting to follow our slow motion implosion on a daily basis

You may have just summed up GOT

 

[Neiler]

Its bad, very, very bad.

From a step in the right direction last year to this, it just shows the absolute incompetence in the administration of this club.

The worrying thing about those loss figures is organically even continuing to sell our best players and raising finances we still posted that loss.

We're in big trouble, this cant continue.

I think things have actually gotten worse since that set of accounts.

 

[Abertonian]

Like the man who put her in that position.

All part and parcel of Virtue Signalling FC

 

[brian labone]

What have we as Everton fans done to deserve all this, we just go to watch our football team and get lumbered with all these financial issues, I give up.

 

[nsno-chris]

Think we’ll be treading water in League 1 within 4 years

 

[Street end man]

For so long under Moyes we all thought if only we had money to spend we could step up and start winning trophies. We get money to spend and are now fighting, not to win trophies but to stay, not just to stay in the prem, but to not go bust! Everton

The thing is if Moyes at the time had this sort of money we squandered he'd not have even used it all, just strengthened where needed and made us even better. Jeez he got us to 4th on a budget at a time when the spending power of Man U v us was arguably bigger then than it is now in scale.

 

[MisterJ]

I think you have to try and take any positives you can from this.

It's evident that we have been so badly run for so long and fallen so far behind even championship standards, that anyone coming in with even the slightest level of competence should be able to do better.

Any new owner should probably focus mainly on the commercial side of things as that has apparently been neglected forever; so any evening slight improvement there should benefit the overall numbers.

Obviously the playing side is the best all and end all and this will need to be addressed, but if you remove that then lifting the commercial numbers has more of an impact on our bottom line.

It's going to be a long, slow process and will hurt, but it's the only way out of the incompetence of the Kenwright / Moshiri years