The Accounts...

[TyphooToffee]

It’s great we’re using the covid card, are some of these fans from Newcastle? Who used the covid card so they could cancel all there games around Christmas, so they could have new players for the rearranged fixtures

There is no Covid 'card'. No fans in the stadium means a loss of revenue, plain and simple.

 

[Neiler]

I doubt it tbh, over the course of the last week I have seen a number of 'reports' of a Kia/Moshiri special lining up Jovic from Madrid for the summer, no mention of Thelwell/Frank in any of it. It's not going to change mate, certainly not whilst Moshiri is here.

Be Full On Total Moshiri Everton.

 

[Stephenlloyd]

I doubt it tbh, over the course of the last week I have seen a number of 'reports' of a Kia/Moshiri special lining up Jovic from Madrid for the summer, no mention of Thelwell/Frank in any of it. It's not going to change mate, certainly not whilst Moshiri is here.

Well If it wasn’t changing Frank wouldn’t be the manager.

And how easy is it to link
A player to a club, where an agent has had dealings in the past, like every Portuguese player getting linked to wolves

 

[Stephenlloyd]

There is no Covid 'card'. No fans in the stadium means a loss of revenue, plain and simple.

Yes I do realise that. It was a bit tongue in cheek

 

[ForeverBlue92]

Well If it wasn’t changing Frank wouldn’t be the manager.

And how easy is it to link
A player to a club, where an agent has had dealings in the past, like every Portuguese player getting linked to wolves

Problem is our fans take everything they read online as gospel.

 

[TyphooToffee]

Yes I do realise that. It was a bit tongue in cheek

I realised that too. It's for the benefit of fans of other clubs who might look in.

 

[TyphooToffee]

Problem is our fans take everything they read online as gospel.

Hallelujah!

 

[Simon Buttle]

Well If it wasn’t changing Frank wouldn’t be the manager.

And how easy is it to link
A player to a club, where an agent has had dealings in the past, like every Portuguese player getting linked to wolves

He is the manager because we needed someone and there was nobody else unless you would prefer Vitor? Also there is already suggestions that he is going to be gone in the summer if we don't stay up.

 

[Simon Buttle]

Problem is our fans take everything they read online as gospel.

Nope, wait and see what actually happens, was just putting it out there that's all.

 

[4737carlin]

I doubt it tbh, over the course of the last week I have seen a number of 'reports' of a Kia/Moshiri special lining up Jovic from Madrid for the summer, no mention of Thelwell/Frank in any of it. It's not going to change mate, certainly not whilst Moshiri is here.

Its this Kia/Moshiri partnership that is the problem, a partnership made in hell

 

[kenada_blue]

Bur will we spend wisely?

Bloody need to!

I think so with Frank and the new DOF.

The wage bill is the only thing we should control and get in check asap. Which is already underway. Mina and Gomes need shifting first before anything.

The rest is circumstantial.

 

[Simon Buttle]

Its this Kia/Moshiri partnership that is the problem, a partnership made in hell

I have said about Kia from day one, every club he has been involved with has ended up on its arse in a world of trouble.

 

[Dymak]

I accept the reality of FFP / P&S, but I argue they should have no place in the Premier League. They are new rules that are doing far more harm than good. If these accounts were published 10 years ago, nobody would be arsed and Moshiri would be encouraged to carry on spending. That's how it should be! Nobody is forcing him to invest, he's not demented, he has mental capacity.

 

[WestStandLower]

The financials tell me what I would expect to see: by any reasonable standard, the club is bankrupt. It's only being kept afloat because its largest creditor apparently thinks he can eventually recover enough of his outlay and continued cash injections to make doing so worthwhile.


Post-COVID, most clubs are in a bad spot. Ours is worse than most due to the magnitude of the cash bleed, relative to the value of assets. Look at it this way: suppose you had the choice of buying West Ham or Everton. West Ham's operating loss and cash bleed are about a quarter of ours, in both cases. If West Ham is worth around 600 million pounds (based on the sale price of a 27% stake a few months ago), we're not.

I can't see why he's still throwing good money after bad. It implies that he cares, which is a good thing. I also fail to see how doing so is anything other than sunk cost fallacy, viewed rationally.

The point you make about most clubs being in a bad spot is indeed relevant. The trouble from an Everton perspective is that the wages to income ratio gave little or no room to manoeuvre once you get up around the 70% level the finances can tip in a blink of an eye. Get into the 80s and it’s one hellava long road back

But we have players now that we can sell for good money. In the past we’ve tried to keep our best and sell the players that have failed.

A lot of clubs have struggled to sell their cast off’s since covid.

I think transfers are changing, will be smaller deals in the future and more players seeing out their contracts.

For me the last sentence is perhaps one of the most relevant and yet that fact is pass so many by.

In a way it’s why the ambition for so many to celebrate a downward spiral of wages whilst perhaps not misguided it probably is best to say that it’s time to fact in both amortisation and wages combined as a better indicator

Players leaving on a Bosman offer far better value the trouble is 1) If they are decent clubs with a greater resources will offer a more lucrative opportunity to the player 2) Transfer income for some is paramount.

 

[kenada_blue]

A lot of hand wringing from other fans that the club is corrupt and cheated the system by making up Covid losses to avoid sanctions.

At least the PL have bought it.

All the club's used it. City and Chelsea were the biggest abusers of FFP as a whole never mind for the premier league when the covid rules came in. Allowed them to spend £100mill on Grealish and almost spend the same on Kane after reporting £120mill covid losses last year.