Moyes linked with Villa and Spurs

[davek]

You know about as much about economics as Ed Balls. Take your head out of Randy Lerners arse.


the "in-house debt" as you put it, is now up from £90million to £117million, and bank debt is up from £9million to £20million.

Only in the world of Ed Balls and Davek, does that imply it being a good thing.

COSTS at Villa have actually gone up there too outstripping turnover. Deloitte's figure is unaudited and grossly exaggerated.

I mean FFS they quoted a sponsorship in 2010, a deal that was actually a 1/3 the amount spread over three years!

A sponsorship deal that's since been cancelled at the end of 2010/2011 season!



Your persistent claims over Everton being in a worse state than Villa are as much as a joke as David O'Keefe's Toffeeweb "Everton going into administration" claims the bad mong.

You jump on anything going with your agenda. You massively jumped on that administration thing too you bad tit.

You said it. And he's not about to demand that anytime soon. Why would he? He has £68M worth of shares on his hands!!!

Now you just have to explain why Villa's £20M commercial lending makes it a bigger basket case than a club like Everton that has a net debt to the tune of £45M, a £26M long term interest repayment from the securitization deal, and (according to the auditors statement in the last accounts) has had to assure sceptical creditors standing behind the overdraft facility that players will be sold "in the event that that would be required" (d'you think $1.5 billion Randy Lerner controlled Aston Villa have that statement? Lol!).

*sigh*

 

[Neiler]

As you know Neiler me and you are well on the same page. But you shouldn't let Davek get away with spouting rubbish like he has been the last few days. He's been acting like a Kopite with some of his pronouncements on here.


Birmingham are even more in the ... than Villa, that's the ONLY good news for Shoddy like.

Its like both Birmingham club's completely lost the plot on keeping costs down. Splurging it out everywhere. THERE WILL COME A RECKONING ONE DAY and it's close which of them will face it first.



I'm furious over our board though. This latest delay on the annex. Disgrace.

That's why Everton are stop start stop start.

Because we can't get infrastructure in place.


Lack of strategic thinking from the board, or when there is (Elstone has tried, but he's taken a knock in my eyes over this Annex delay and reported scrimping on the Annex project)...

Everton should be moving heaven and earth to get extra capacity on Goodison. i.e. extra turnover.


Instead, Kenwright et al are sitting on their arses. Moyes' plannings being screwed up by Kenwright etc. Making us stop-start-stop-start because there's no substantive turnover increases other than new TV money every three years.

Kenwright doesn't do strategic thinking though.

Although he's reportedly on a fantastic wage as a club scout though....

Agree compleatley mate, our only hope is that a capital expenditure wont be made on the basis that a takeover is due, or maybe a site has been identifed with potential for commercial partners - just grasping at straws i know but hey.

Im yet to be convinced by the annexe, if somethings to good to be true it genreally is - see Learner Randy!

I didnt like the fact it tied us to Goodison when a new stadium is the only show in town, while further land locking the present site.

 

[Matt Damon]

Sterling work Matt lad, you saved my fingers here, im going to start a Vbookie on who goes wallop first Brum or Villa. Ill do it after Blackburn get relegated - go team Venkey.

PS. Can you imagine the fallout if Elstone had of announced something like this:

The new shirt for next season will be unveiled on July 15 2010 in Birmingham.

"We are extremely pleased and excited to enter into this new partnership with FxPro," said Paul Faulkner, chief executive of Aston Villa Football Club. "A lot of hard work has gone into the completion of this agreement and we believe it will be a good partnership for the club. It reflects our continued growth as a club after a season in which we finished sixth in the Premier League for the third straight year while twice reaching Wembley - competing in the Carling Cup final and FA Cup semi-final.

"Equally, we are pleased to confirm that Acorns will be our official charity partner and in meetings involving both FxPro and Acorns a close working alliance has already been forged."


to February 2011 ...

A spokesman for FX Pro told the Birminghanm Mail: "FxPro can confirm that it has agreed with Aston Villa FC not to renew its sponsorship beyond the 2010/2011 season.

"FxPro has been proud to support such a historic and popular football club but the Directors and Board feel that now is the right time for the strategic growth of our international business to move on and consider other opportunities."


:huh:

Oh and Emiliy Blunt is well boss.

 

[Tubey]

I think at the end of the day, regardless of current figures, the fact remains Randy Lerner has the ability to underline moderate losses with his personal wealth, whilst Kenwright cannot.

Therefore, long-term, Aston Villa have a better chance of moderately bankrolling on the pitch success than Everton have.

Forget the current finances for the fiscal year etc. etc., there is no denying that Lerner has a healthier bank balance than Kenwright. Lerner has over a billion in assets, Kenwright barely has a pot to piss in.

Look at Abramovich and Chelsea, for example. Chelsea leak cash every year, but Abramovich underscores it. That's the difference.

 

[Matt Damon]

You said it. And he's not about to demand that anytime soon. Why would he? He has £68M worth of shares on his hands!!!

Now you just have to explain why Villa's £20M commercial lending makes it a bigger basket case than a club like Everton that has a net debt to the tune of £45M, a £26M long term interest repayment from the securitization deal, and (according to the auditors statement in the last accounts) has had to assure sceptical creditors standing behind the overdraft facility that players will be sold "in the event that that would be required" (d'you think $1.5 billion Randy Lerner controlled Aston Villa have that statement? Lol!).

*sigh*

He's already sold Milner and Barry and they still lost £70million in those two years!

What more evidence do you want lad?

 

[Neiler]

PS. Can you imagine the fallout if Elstone had of announced something like this:

The new shirt for next season will be unveiled on July 15 2010 in Birmingham.

"We are extremely pleased and excited to enter into this new partnership with FxPro," said Paul Faulkner, chief executive of Aston Villa Football Club. "A lot of hard work has gone into the completion of this agreement and we believe it will be a good partnership for the club. It reflects our continued growth as a club after a season in which we finished sixth in the Premier League for the third straight year while twice reaching Wembley - competing in the Carling Cup final and FA Cup semi-final.

"Equally, we are pleased to confirm that Acorns will be our official charity partner and in meetings involving both FxPro and Acorns a close working alliance has already been forged."


to February 2011 ...

A spokesman for FX Pro told the Birminghanm Mail: "FxPro can confirm that it has agreed with Aston Villa FC not to renew its sponsorship beyond the 2010/2011 season.

"FxPro has been proud to support such a historic and popular football club but the Directors and Board feel that now is the right time for the strategic growth of our international business to move on and consider other opportunities."


:huh:

Oh and Emiliy Blunt is well boss.

\Should be intresting to see what they do with acorns as well.

 

[Del]

What Tubey said

 

[Neiler]

I think at the end of the day, regardless of current figures, the fact remains Randy Lerner has the ability to underline moderate losses with his personal wealth, whilst Kenwright cannot.

Therefore, long-term, Aston Villa have a better chance of moderately bankrolling on the pitch success than Everton have.

Forget the current finances for the fiscal year etc. etc., there is no denying that Lerner has a healthier bank balance than Kenwright. Lerner has over a billion in assets, Kenwright barely has a pot to piss in.

Look at Abramovich and Chelsea, for example. Chelsea leak cash every year, but Abramovich underscores it. That's the difference.

They owe more then they make mate, not to mention a really poor wage to turnover ratio - they simply cant borrow cant more.

Just to remind people Villa had no debt when Learner came in, crazy Leeds style stuff going on there.

 

[Matt Damon]

They owe more then they make mate, not to mention a really poor wage to turnover ratio - they simply cant borrow cant more.

Just to remind people Villa had no debt when Learner came in, crazy Leeds style stuff going on there.

It's ok. They said the Titanic was unsinkable too...

and Davek's sort believed Gordon when he said we'd seen the end of "boom and bust".


Honestly. How many times can you spell it out?

Davek's replaced his loathing of Kenwright for a false idol that has allowed costs to spiral.

The tit.

 

[Tubey]

They owe more then they make mate, not to mention a really poor wage to turnover ratio - they simply cant borrow cant more.

Just to remind people Villa had no debt when Learner came in, crazy Leeds style stuff going on there.

One of the fundamental rules of finance is that you cannot owe money to yourself. Lerner owns Villa, and Villa owe Lerner. Therefore, it's essentially what is known as a "Gift Loan" repayable on the exit of the chairman (incidentally, Everton owe a similar loan to Kenwright). The worst case scenario at Villa is that they enter an Everton-esque style in the transfer market with a break even strategy, and reduce their wage bill - which would still exceed that of Everton.

It's all relative, basically. Villa could lose £50m a year for the next 10 years and still be financially healthier than Everton.

Everton aren't stable. We walk a tightrope over oblivion, but because we have remained on that tightrope for 15 years people mistake that for "stability".

 

[Tubey]

It's ok. They said the Titanic was unsinkable too...

and Davek's sort believed Gordon when he said we'd seen the end of "boom and bust".


Honestly. How many times can you spell it out?

Davek's replaced his loathing of Kenwright for a false idol that has allowed costs to spiral.

The tit.

Matt, if I spent £1000 every day, I'd quickly plummet into bankruptcy.

If Rooney spends £1000 a day, he'd barely notice.

That's what I mean by relative. Villa's yearly fiscal outgoings mean squat because their rules are different to ours under Kenwright.

I don't agree with Davek's agenda, but holding up Everton as a model of stability is madness. Even Bill Kenwright admits that Evertons operating strategy is not sustainable in the modern game.

 

[Matt Damon]

One of the fundamental rules of finance is that you cannot owe money to yourself. Lerner owns Villa, and Villa owe Lerner. Therefore, it's essentially what is known as a "Gift Loan" repayable on the exit of the chairman (incidentally, Everton owe a similar loan to Kenwright). The worst case scenario at Villa is that they enter an Everton-esque style in the transfer market with a break even strategy, and reduce their wage bill - which would still exceed that of Everton.

It's all relative, basically. Villa could lose £50m a year for the next 10 years and still be financially healthier than Everton.

Everton aren't stable. We walk a tightrope over oblivion, but because we have remained on that tightrope for 15 years people mistake that for "stability".

But that's the point though Tubey. He and Villa not just owing it to himself.

They've now started accruing Bank debt.


People are missing the detail. They also couldn't keep hold of a sponsorship deal for more than 9 months....

 

[Tubey]

But that's the point though Tubey. He and Villa not just owing it to himself.

They've now started accruing Bank debt.


People are missing the detail. They also couldn't keep hold of a sponsorship deal for more than 9 months....

Yet the bank debt is still tied into the club, which is the responsibility of Lerner or whatever future chairman they have. So it is still negligible, especially when the bank debt can be wiped out by Lerner to protect his assets whenever he likes.

I drew a diagram - the worst one you'll ever see ^^ Orange is Villa's finances, Blue is Everton, over the next few years.

 

[Matt Damon]

Matt, if I spent £1000 every day, I'd quickly plummet into bankruptcy.

If Rooney spends £1000 a day, he'd barely notice.

That's what I mean by relative. Villa's yearly fiscal outgoings mean squat because their rules are different to ours under Kenwright.

I don't agree with Davek's agenda, but holding up Everton as a model of stability is madness. Even Bill Kenwright admits that Evertons operating strategy is not sustainable in the modern game.

I don't dispute that. Hence why I'm banging on about the Annex and the stadium capacity.

However, Everton aren't splurging cash as Villa are continuing to do, who's losses are still near our total debt.


The fact is Everton aren't heading into a trouble as at a spectacular rate as Villa are.

Lerners spending more on debt every two years than he paid for Villa. That is spectacular.

 

[davek]

One of the fundamental rules of finance is that you cannot owe money to yourself. Lerner owns Villa, and Villa owe Lerner. Therefore, it's essentially what is known as a "Gift Loan" repayable on the exit of the chairman (incidentally, Everton owe a similar loan to Kenwright). The worst case scenario at Villa is that they enter an Everton-esque style in the transfer market with a break even strategy, and reduce their wage bill - which would still exceed that of Everton.

It's all relative, basically. Villa could lose £50m a year for the next 10 years and still be financially healthier than Everton.

Everton aren't stable. We walk a tightrope over oblivion, but because we have remained on that tightrope for 15 years people mistake that for "stability".

It's no good using intelligent argument mate, he'll just ignore it in his wiki-frenzy.

You are, of course, 100% correct.