The Everton Board Thread 2015/16 [ Not takeover related ]

[The Esk]

Yes but borrowing increased to £49m which means we aren't "paying down debt" does it

I'd say we were both correct, debt was at £49 million but we had £20 million in cash (before final broadcasting revenues were paid) so the net position was much healthier.

 

[chicoazul]

I'd say we were both correct, debt was at £49 million but we had £20 million in cash (before final broadcasting revenues were paid) so the net position was much healthier.

So the net debt was £29m in reality?

 

[The Esk]

Surely debt down and under control while spending increases has got to count for something considering the mess the club was in? Like you say we've been very close to going under in the past. Obviously this has been subsidised by the TV deals recently but without the decisions made in the past it seems we would have truly been up the creek long before the big money arrived.

If selling wasnt an option, for whatever reason, what do you think they could or should have done differently to enable to business to survive and prosper?

I'm genuinely interested here by the way and not trying to stir things up with you. I just wonder whether they've been caught in a no win situation here.

I know what you are suggesting mate and I did have a good think about the same point a while back but the answer is still no.

Had they invested funds themselves, found investors or sold the club to someone who could recapitalise it then the answer perhaps be less clear cut.

 

[The Esk]

So the net debt was £29m in reality?

Roughly yes, I do not have the accounts in front of me.

 

[joey_macmo]

I'd say we were both correct, debt was at £49 million but we had £20 million in cash (before final broadcasting revenues were paid) so the net position was much healthier.

Yes I know that but how can we be actively paying down debt when borrowings (specifically borrowings due within 1 year) increased.

If we were paying down debt then wouldbt it be exactly those borrowings which would decrease not increase by around £8m like they did?

The original point was to someone else btw

 

[The Esk]

Yes I know that but how can we be actively paying down debt when borrowings (specifically borrowings due within 1 year) increased.

If we were paying down debt then wouldbt it be exactly those borrowings which would decrease not increase by around £8m like they did?

The original point was to someone else btw

I suspect the reason why the 1 year borrowings were still so high despite the cash in the bank is because those borrowings are paid off directly from the receipt of the broadcasting revenues in June which are sent directly to Vibrac.

 

[joey_macmo]

I suspect the reason why the 1 year borrowings were still so high despite the cash in the bank is because those borrowings are paid off directly from the receipt of the broadcasting revenues in June which are sent directly to Vibrac.

Would that account for an increase of £8m?

So there is no evidence to suggest we are actively reducing debt at this time?

 

[Toffeelover]

Paul may contradict me but my understanding was that the Vibrac loan was to provide operating capital over the season.

 

[Dithering Dougie]

How can it be well run as they have sold all our assets, cannot attract a buyer, enters into crap deals and needs to take out loans via an offshore 'bank'.

Get a grip.

All bar the last bit I've known BT to do in the past, how do you rate their business acumen?

 

[joey_macmo]

well what do people think of this?

Click onto the 21:30 part of the show. - http://talksport.com/radio/listen-again/1439229600#

Forward to 19:33 (Mark)

then compare it to this



who is the everton press & pr manager

https://twitter.com/efc_mo

 

[Chang Elephant]

All bar the last bit I've known BT to do in the past, how do you rate their business acumen?

BT have sold all their assets ?

 

[Chang Elephant]

BT have been actively seeking a buyer ?

 

[milks]

BT have sold all their assets ?

They've sold a significant chunk of their property portfolio off in the past few years. Have been to a few of their sites recently and they have huge, huge office buildings with multiple floors 'mothballed' as they downsize and relocate to converted exchange buildings which they legally can't dispose of.

There is a lot of poor comment regarding some of the business decisions Everton have undertaken. Some of the comments are valid, some of them are way off the mark as Everton have simply done things which are extremely common in business; especially in relation to organisations who struggle to turnover an operating profit (see; the majority of football clubs)

 

[Chang Elephant]

They've sold a significant chunk of their property portfolio off in the past few years. Have been to a few of their sites recently and they have huge, huge office buildings with multiple floors 'mothballed' as they downsize and relocate to converted exchange buildings which they legally can't dispose of.

There is a lot of poor comment regarding some of the business decisions Everton have undertaken. Some of the comments are valid, some of them are way off the mark as Everton have simply done things which are extremely common in business; especially in relation to organisations who struggle to turnover an operating profit (see; the majority of football clubs)

BT haven't sold off all their assets then ? I was a bit concerned as a BT shareholder. Everton have though.

 

[Dithering Dougie]

BT haven't sold off all their assets then ? I was a bit concerned as a BT shareholder. Everton have though.

Maybe you can't or don't read read your yearly shareholders report properly Changy.