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New Everton Stadium

roydo said:
Its very good. Pretty much an update on one he posted on our front page a while ago.

I know him personally, like in the real world, so know he has a real grasp of all this stuff.
Click to expand...
TBF, read the original and the update and have posed the same unanswered (thus far) question. Has VAT been taken into account?
There is a subsidiary issue surrounding the 50 quid average for a walk in ticket - no concessions?
For just under 18 mil, read just over 16 mil (GPSL) - that's the bums on seats amount given the internal market for premium seats, then add on whatever the contribution from Sodexo is to arrive at the base turnover figure (possibly box take as well)
Miss @The Esk as these things could be debated properly when he was about.
One other thing. Who is going to loan us 5% fixed for 20 years on a mortgage?
 
hibbo'sclass said:
TBF, read the original and the update and have posed the same unanswered (thus far) question. Has VAT been taken into account?
There is a subsidiary issue surrounding the 50 quid average for a walk in ticket - no concessions?
For just under 18 mil, read just over 16 mil (GPSL) - that's the bums on seats amount given the internal market for premium seats, then add on whatever the contribution from Sodexo is to arrive at the base turnover figure (possibly box take as well)
Miss @The Esk as these things could be debated properly when he was about.
One other thing. Who is going to loan us 5% fixed for 20 years on a mortgage?
Click to expand...

I havnt got a clue mate.
 
roydo said:
I didnt even understand the question mate!
Click to expand...
Put simply, 50 quid average face value of a ticket is 41.67p turnover - the rest is VAT. So a 50 quid average would mean 60 quid face value - 50+VAT.
The matchday turnover in EFC group accounts is neither the bums on seats nor the bums on seats+ Sodexo outsourced income. GPSL accounts give the bums on seats turnover for all matches at GP.
Esk is more optimistic in projections tham me!
 

hibbo'sclass said:
Put simply, 50 quid average face value of a ticket is 41.67p turnover - the rest is VAT. So a 50 quid average would mean 60 quid face value - 50+VAT.
The matchday turnover in EFC group accounts is neither the bums on seats nor the bums on seats+ Sodexo outsourced income. GPSL accounts give the bums on seats turnover for all matches at GP.
Esk is more optimistic in projections tham me!
Click to expand...

This will probably prove my ignorance on this.

But doesnt VAT get claimed back? Or something.

edit. Like it is included in revenue cos its offset in some way.
 
roydo said:
This will probably prove my ignorance on this.

But doesnt VAT get claimed back? Or something.

edit. Like it is included in revenue cos its offset in some way.
Click to expand...
No mate, if the club sells a ticket for say £30, the club gets £25 in turnover (sales) the other £5 goes to the VAT account - doesn't belong to the club, and then paid over when the VAT return gets filed. I'm ignoring the purchase side where you reclaim the VAT on purchases for simplicity sake.
 
Worth a read from @The Esk

https://theesk.org/2017/01/28/evert...-of-costs-what-it-means-for-fans-and-funding/

I've had a bit of a ponder and a couple of spreadsheets since reading it, and would draw attention to the following mentioned therein:-

Esk mentions income of 42m based on a sell out - I make it 43m ex VAT and am similarly 1 mil in front with a 90% sales figure. If anyone is really that bored, pm me an email address and you can check out my figures and rationale.

Esk reckons that the repayments on a 225 mil loan at 5% over 20 years are 14.8 mil per year - I admit it, I used the loan amortisation spreadsheet from MS, but came up with 17.8mil per year. Try it.

Now what I don't get is that Esk's figures include the total income from hospitality et al, but in order for this to happen there are expenses incurred by bringing it back in-house, so when looking at affordability these expenses would have to be taken into account.

So, given the base figure used in the article of 18 mil, we're 25 mil a year better off on my calcs, but the 18 mil is the matchday receipts rather than bums on seats figure. This is got from GPSL accounts(16.9 mil) and then needs to be adjusted down for 4 Cup matches (say 1.6 mil) then up for Sodexo (God knows).

So despite the fact that Esk is normally more optimistic in his projections, I reckon that if you add back sat 1.25 mil for Sodexo (no basis other than 950k + bonus), then in terms of turnover will be comfortably 25 mil better.

Nearly there!!!

If the assumed cost for catering and staff for corporate/executive is approximately 40% of turnover, then the extra cost would be about 8 mil on 100% occupancy, so 17 mil better off in terms of cash.

So 17mil, add back 2.7 mil which was the old repayment to Pru gives 19.7 mil, take off 17.8 mil new mortgage payment leaves you 1.9m better off in tems of cash which would just about cover the tax liability on the extra profit.

What I'm basically saying is if my assumptions are correct, it is tight as to wether or not a 225 mil debt is sustainable without Europe and Cup runs with home draws!

I await being ignored and told to pipe down or being piped down by someone ITK.;)
 

Had a conversation regarding the basis of Esk's calculation with him on his site, and if his calculations agree to mine, then the turnover figure I calculated should be 46.1mil not the 43 stated previously, the only thorny bit being how many boxes and what their capacity is.
 

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