tadao
Player Valuation: £25m
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.
That means, when a player is at his peak value, sell him. Which, if the flow of gifted alternatives is provided by the DoF, is a natural and reasonable model to follow.
A few weeks ago you were saying we were rich beyond our wildest dreams and going to the top, now we are going to become a club that develops players and sells them on! Top clubs don't develop players for bigger clubs, they keep them.
Chelsea made a big profit on Lukaku, along with others. Its up to the club to ensure that the right players are moved on at the right time (they got it wrong with at least him and DeBruyne)
We have access to as much funding as the DOF/manager wants that's not the issue. It's not a question of not having the resources it is a question of staying inside the regulations which limit wage increases. My point is that a highly effective DoF can use player trading to assist compliance with STCC without necessarily affecting the ability to pay the highest wages.
It doesn't make us a selling club in the old way of looking at things, it makes player trading a profit centre which enhances our ability to grow our wage bill.
Its not reinventing the wheel, its what the [Poor language removed] did for years....Keegan sold Dalglish bought, replace model with superior model at profit.