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Noisy noise annoys
Player Valuation: £70m
Did we sign one single player of this ilk? I mean, surely Brands would have gotten one or two over the line?!?! Perhaps the Brands mantra is a myth, he only bought such players in Holland cos he couldnt afford any thing else
So have we decided which of the forum contributors needs appointing by the club to sort out the accounts?
AndyC
Player Valuation: £70m
Having offered his initial thoughts, Esk has now looked deeper into the numbers.Here's the link to the official accounts that make for some grim reading... if you have the time and appreciation of how a set of accounts are compiled (not a smartass comment, there are many on this forum perfectly capable of reading accounts)...
Following the release of arguably these, the worst set of accounts in the history of Everton Football Club, Esk - who has been consistently correct in predicting the financial plight the club finds itself in - has penned this brief summary of where we're at and how completely dependent upon Moshiri the club currently is.
Everton Report & Accounts for year ending June 2021 – wholly dependent on Moshiri’s financial support
First things first, delaying the publication of reports signed off on 29th October 2021 for a full five months is totally unacceptable from a transparency and accountability perspective. I am aware…theesk.org
It's a long read and the numbers are scary...
A deeper delve into Everton’s 2020/21 accounts, new £100 million shareholder loan plus the Covid impact
Once the headlines are out of the way and the carefully prepared media statements are published, a more balanced view of the accounts is called for (in my opinion) plus within the details confirmat…
theesk.org
Taking his analysis at face value and in good faith, that's not good.Having offered his initial thoughts, Esk has now looked deeper into the numbers.
It's a long read and the numbers are scary...
A deeper delve into Everton’s 2020/21 accounts, new £100 million shareholder loan plus the Covid impact
Once the headlines are out of the way and the carefully prepared media statements are published, a more balanced view of the accounts is called for (in my opinion) plus within the details confirmat…
Only one view of course, sure others may bring different perspectives.
I havent read Esks post, but I doubt theres a person in the world who could put a positive spin on our latest accounts, they arent just bad, they are way, way beyond bad.
This is one of the occasions where in depth analysis and number crunching is pointless.
The accounts are bad. We cant continue like this. Big changes need to be made.
There's nothing else needs to be said.
Ah, on GOT there's always half a chance someone will attempt such folly!
Well Zat does attempt it with his weird take on FFP in which he thinks selling a player for 20million means we can buy 6 players for 80million.
Grim reading Andy, although Paul the Esk was not quite as clued up on our transfer business as he claimed to be a few years ago, but, he does have a good grasp a balance sheet. It really is terrifying that a lot of fans are still lauding 'Mosh Man' and discussing the tens of millions we will be spending in the summer. We are really In a dark place both on and off the pitch, and, whether by poor judgement, in appointing incompetent people to do the day to day running of the club, or, an owner showing reckless disregard for the advice those people are giving him, or, as I'm inclined to believe a mixture of both, we are heading for oblivion if this is not addressed immediately.Having offered his initial thoughts, Esk has now looked deeper into the numbers.
It's a long read and the numbers are scary...
A deeper delve into Everton’s 2020/21 accounts, new £100 million shareholder loan plus the Covid impact
Once the headlines are out of the way and the carefully prepared media statements are published, a more balanced view of the accounts is called for (in my opinion) plus within the details confirmat…
It you have a look at the transfer window thread, for example, it is like fantasy island. So many people seem to believe that if we can manage , by some miracle, to comply with financial regulations a then we will be able to give Lampard or his successor, all of the money raised by the sale of our better players to rebuild the squad. It doesn't seem to register that this is a business which is losing well over a hundred million pounds per year and, irrespective of financial compliance or not, the cold hard facts are that we are heading towards recievership.
A bleak situation.Having offered his initial thoughts, Esk has now looked deeper into the numbers.
It's a long read and the numbers are scary...
A deeper delve into Everton’s 2020/21 accounts, new £100 million shareholder loan plus the Covid impact
Once the headlines are out of the way and the carefully prepared media statements are published, a more balanced view of the accounts is called for (in my opinion) plus within the details confirmat…
What makes it even worse is the apparent lack of realisation from within.
It's hard to fathom the "escape" from it without a huge cull and restructuring.
?
The mad thing is the PL believing our big massive whoppers to explain our losses. Hard to know whose more bogey them, us! (or VAR).
We dont know they have accepted anything yet, we have simply submitted our accounts.
Whether the Premier League deems us worthy of sanctions or not will come next.
catcherintherye
Player Valuation: £80m
Apparently the PL have accepted the accounts.
I think it’s not too far fetched to suggest that Farhad Moshiri will know every trick in the book with accounting in this and most other countries, you don’t get to be as wealthy and successful as him without knowing just how close to the edge you can operate and still get away with it. Its more worrying that the club is now saddling debt and seems to be hitching all its future on a stadium build and new owners who may never materialise
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