The Everton Board Thread (Inc. Bill Kenwright / Blue Union)

[Furey1878]

The debts have increased by 25% in the last five years.

But so has turnover... plus the aforementioned TV money. I suspect the banks will be paid off in about 4-5 years, again provided we maintain being top 8.

And once that's done, BK and co will sell up. Again this is just my opinion.

 

[magicjuan]

But so has turnover... plus the aforementioned TV money. I suspect the banks will be paid off in about 4-5 years, again provided we maintain being top 8.

And once that's done, BK and co will sell up. Again this is just my opinion.

There's no form to suggest they would, income has risen faster, yet the squad has been trimmed, and apart from a major investment in grass cutting technology, nothing invested in non human infrastructure. The 'other' costs will turn out I believe to be the cost of debt ownership, facility and servicing. That plus the deals they involve, on top of the catering/ticket/kit deals etc, are what is preventing advanced interest in purchasing the club at the price being quoted. The land behind the Park end is the ultimate display of ineptitude, especially trying to give it to someone else to build on when you don't own it yourself...

 

[LITLEJOE]

we have spent about 2 mill this summer and it looks like thats it without selling, what a ****ing joke of a chairman we have.

 

[Steve Wigan]

http://news.bbc.co.uk/sport1/hi/football/teams/e/everton/7532345.stm

Should work now, stupid tablet device!!!!

Ah! The old Bose article! Phil Green in saying he's a mate of Bills shocker !!

 

[magicjuan]

Ah! The old Bose article! Phil Green in saying he's a mate of Bills shocker !!

No, the bose article that says green ismore than a friend

 

[Bluesnapper]

But so has turnover... plus the aforementioned TV money. I suspect the banks will be paid off in about 4-5 years, again provided we maintain being top 8.

And once that's done, BK and co will sell up. Again this is just my opinion.

Nowhere near a 25% increase in turnover, it is approx 6% (£75.7 million against £80.5 million).

 

[D410]

Bill our profile keeps growing

He told evertontv: "We really are winning a lot of friends over here. There have been a few conferences, there have been a lot of talks and chats and Tim Howard doesn't do any harm does he!

Well, that the investment search over...a shed load of names of people who don,t want to buy the club but which we can pass off to the echo as legit for the next transfer window.

 

[Toffeelover]

That article does not constitute evidence that Green is behind the club financially just a friend of BK and makes it clear he has no interest in football. All based on the reporter's belief no facts. Add to that the article is years old.

 

[Chang Elephant]

That article does not constitute evidence that Green is behind the club financially just a friend of BK and makes it clear he has no interest in football. All based on the reporter's belief no facts. Add to that the article is years old.

Your in denial lad

 

[Chimpy Glassman]

No idea as to the legitimacy of this, however just passing it along -

Everton made a loss of £9 million from revenue of £81 million and a wage bill of £63 million (10th highest in the Premier League). The operating loss of £19 million was improved by adding back £14 million of player amortisation and depreciation less a working capital adjustment of £2 million, giving a negative cash flow from operating activities of £7 million.

Everton's need to box clever is highlighted by the fact that even after net player receipts of £11 million (sales £23 million, purchases £13 million), they do not quite manage to break-even with negative cash flow after financing of £2 million. All other things being equal, they need to sell a player every season to stay afloat.

This is due to £4 million interest payments and £0.9 million repayment on assorted loans. The club's debt stands at £49 million with an £11 million overdraft plus £24 million loan notes (borrowed against future season ticket sales) and £14 million loans (borrowed against future TV money). The lending arrangements with Barclays Bank expire on 31 July 2013, so these will have to be renegotiated in a few months.

 

[LITLEJOE]

No idea as to the legitimacy of this, however just passing it along -

Everton made a loss of £9 million from revenue of £81 million and a wage bill of £63 million (10th highest in the Premier League). The operating loss of £19 million was improved by adding back £14 million of player amortisation and depreciation less a working capital adjustment of £2 million, giving a negative cash flow from operating activities of £7 million.

Everton's need to box clever is highlighted by the fact that even after net player receipts of £11 million (sales £23 million, purchases £13 million), they do not quite manage to break-even with negative cash flow after financing of £2 million. All other things being equal, they need to sell a player every season to stay afloat.

This is due to £4 million interest payments and £0.9 million repayment on assorted loans. The club's debt stands at £49 million with an £11 million overdraft plus £24 million loan notes (borrowed against future season ticket sales) and £14 million loans (borrowed against future TV money). The lending arrangements with Barclays Bank expire on 31 July 2013, so these will have to be renegotiated in a few months.

how could kenwright **** us up this much in such a short time....hes good .

 

[magicjuan]

how could kenwright **** us up this much in such a short time....hes good .

You just have to know who to turn to...interesting that shahid khan's company paid off fulham's vibrac loan, after his own company bought them out. Only us, west ham and soton have loans with them. Instead of talking takeovers, do you reckon Bill was renegotiating payment terms when he met him?

 

[Foot Long Hot Dog]

You just have to know who to turn to...interesting that shahid khan's company paid off fulham's vibrac loan, after his own company bought them out. Only us, west ham and soton have loans with them. Instead of talking takeovers, do you reckon Bill was renegotiating payment terms when he met him?

Hang on I thought Vibrac was alleged to have Earl behind it & was his way of creaming some off the top? Are you saying that Vibrac are actually a regular lender who specialise in the football field?

 

[magicjuan]

Hang on I thought Vibrac was alleged to have Earl behind it & was his way of creaming some off the top? Are you saying that Vibrac are actually a regular lender who specialise in the football field?

No. Heaven forfend. People do get judged by the company they keep. I would reassure you all funds involved are clean and pay full taxes due to HMRC....

 

[TheBlueGibbon]

Hang on I thought Vibrac was alleged to have Earl behind it & was his way of creaming some off the top? Are you saying that Vibrac are actually a regular lender who specialise in the football field?

A regular lender who doesn't declare who owns it as a result of being registered in the British Virgin Isles, sounds legit doesn't it? There's a good reason why we keep getting mentioned in passing by Private Eye's Planet Football section.