The Esk
Player Valuation: £70m
The appointment of Walsh as DoF has two purposes as I see it - (i) is obviously to assist and make use of his network to bring some players straight into the first team squad, players who comfortably can play in the first XI, and (ii) much more interestingly will be to set a framework and process in place that will allow us to buy players and develop them to be sold for profit - similar, but on a larger scale to the model deployed for example by Peterborough United under Barry Fry who year in year out make profits on player trading.
Whilst we don't have to worry about accumulated losses, it's clear that once we do spend in the transfer market, our profitability in future years will be hit by much higher player amortisation charges and the increase in our wage bill. Profitable player trading not only trims the amortisation losses but assists in the struggle to stay within STCC constraints.
It's the onset of a degree of professionalism within the business that Everton have not witnessed before.
As a total aside, I'll be interested when viewing the 2016/17 accounts (released towards end of 2017) as to how other operating costs fare versus OOC under the previous administration.
Whilst we don't have to worry about accumulated losses, it's clear that once we do spend in the transfer market, our profitability in future years will be hit by much higher player amortisation charges and the increase in our wage bill. Profitable player trading not only trims the amortisation losses but assists in the struggle to stay within STCC constraints.
It's the onset of a degree of professionalism within the business that Everton have not witnessed before.
As a total aside, I'll be interested when viewing the 2016/17 accounts (released towards end of 2017) as to how other operating costs fare versus OOC under the previous administration.