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John Stones transfer saga

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Whatever happens I'll hate Mourinho and Chelsea forever now.

[Poor language removed] snakes
 

Just read somewhere from a guy supposedly ITK that the Stones deal is done and dusted for £34m.
Lots of people saying on twitter, "if the text I've just got is true.." About Stones getting sold. The lad you got your info from might be sound but my optimism is convincing me he's not going anywhere, not yet anyway.
 

Earlier someone posted about things not being as rosy in the garden as some would think and that reminded me of something that I read tucked away in the clubs accounts
I won't quote word for word but we were told that there were on going discussions with the clubs bankers and whilst they couldn't give any guarantees it was hoped that the bank would provide similar facilities subject to a major review and dependent on player trading

Everton had turnover of about £120 million in 2013/14 with a wage bill of about £70 million sounds a lot £50 million left but that has to pay for everything else including servicing the debt, paying players upkeep of the ground etc etc and don't forget in that £120 million there was a £28 million surplus from player trading.
Everton's 2014 turnover was 120.5 mio. Operating expenses were 97 mio. Player amortisation was 18.5mio. Thus operating profit was 5mio. But EBIT was 33.3mio. The difference of 28.3mio represents profit on player sales (Fellaini, Victor and Jela) i.e the bolded part of your post is incorrect.
 
The Guardian have been claiming Stones is keen on leaving for days now without even pretending to have a source.

If there was even the slightest chance terms have been agreed, the Guardian would have ran the story yesterday.
 
I don't understand where this figure of 34 m has come from but it is the figure that people almost universally use as the price that will buy John Stones. Time will tell.

It is gone very quite from Everton and John Stones is now the crucial player in the whole scenario. If he is pushing for a deal in the background then it will happen, if he is genuinely happen to stay and learn at Everton then he will stay for another year at least, but where are all the other wealthy big clubs, why are they not getting involved ?
 
Doug Rooney is last


It is a strange world because in football terms £30 million isn't a lot of money...the money sloshing through football, especially English football is absolutely obscene.....you can't even buy a long-haired geordie donkey for that money nowadays...ask any kopite.

Therefore we should hold out for an even bigger obscene figure before we sell our assets


The point I was trying to make is that the clubs ability to borrow , according to the notes in the accounts, was not assured past seasons end 2014/15 and whilst the club hoped that the facilities post 20114/15 would be the same that was far from certain and the bank would want to factor in player trading.

That statement was issued post the signing of those that came during the 2014 summer window.

The statement even goes on to acknowledge the concern that this situation causes

So what do I take that to all mean?

I think we can take it from the statement that the bank aren't looking to extend the amount that club can borrow and the fact that a it will be reviewed in the light of player trading lends me to believe that the target will be more about raising transfer fees as opposed to spending sums.

In 12 months time TV money goes up again one level but before that point the financial results from 2014/15 and indeed 2015/16 will be known the trouble is that no one would be 100% sure which clubs will be in the league come 2016/17 and whilst it is highly unlikely that Everton will be relegated next season I very much doubt that the bank will be looking to increase their exposure meaning that an asset will probably have to be sold .

I don't think for one moment that they want to sell Stones but if say there is a 20% sell on and just say a fee of £30 million turns out to be correct that will leave the club with a clear profit of £21.5 million which is massive and far far more than was achieved from selling just about everyone the club has ever sold
 
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