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

[RaleighBlue]

We also pay 96k on Office supplies?

SOMEBODY IS STEALING PENS

Don't they still fax stuff for transfers?

Printer ink is ridiculous expensive too.

People need to just let paper die.

 

[Chang Elephant]

Hes lying.

http://www.evertonfc.com/assets/_fi...1391068051_EFC_Annual_Report_and_Accounts.pdf

But he said "Evertons OOC is more detailed in the accounts than a lot of clubs" - I'd be heartbroken if he's fallen into Bill's bad habits of constant porkie telling !!

 

[toffee matt]

But he said "Evertons OOC is more detailed in the accounts than a lot of clubs" - I'd be heartbroken if he's fallen into Bill's bad habits of constant porkie telling !!

I've come to the conclusion that Steve wigan is infact Bill kenwright

 

[Goat]

But he said "Evertons OOC is more detailed in the accounts than a lot of clubs" - I'd be heartbroken if he's fallen into Bill's bad habits of constant porkie telling !!

The accounts are quite detailed, down to the last pen and piece of paper, yet as ive said, 21m English Pounds is totally and 100% unaccounted for.

So in the last 4 years alone, 100m has been "spent" on something that nobody knows what.

 

[Moomin]

The OOC jumped up when we moved into finch farm, at the amount it would have cost us to build the bloody thing.

 

[Chang Elephant]

As a 'solver' I can't help but try and find out why and how it can be solved.

As a solver try some research on the subject your trying to solve, which is freely available on the net. You'll find your solving powers will then increase mate.

 

[Tommy Chong]

Interest payments form part of finance costs, not operating costs...
Operating costs are usually expenses related to the daily running of the company (Stationery, telephone and electricity bills, etc...).
If directors were going to bury personal expenses in the business, operating costs is where they would do so...
Mostly also because a break down of operating costs is not a disclosure requirement in the financial statements...
The only place you would really see it is in a detailed statement of comprehensive income (income statement).

 

[RaleighBlue]

As a solver try some research on the subject your trying to solve, which is freely available on the net. You'll find your solving powers will then increase mate.

I am trying there, friend, I'm asking in a thread that is specifically focused on the problem.

 

[Goat]

The OOC jumped up when we moved into finch farm, at the amount it would have cost us to build the bloody thing.

Finch Farm has its own heading mate, it comes under sub section 4
OPERATING LEASE RENTALS

 

[Goat]

Anyway, im done in here for now, the proof will be in the summer spending pudding, I shall return in September.

 

[Chang Elephant]

Interest payments form part of finance costs, not operating costs...
Operating costs are usually expenses related to the daily running of the company (Stationery, telephone and electricity bills, etc...).
If directors were going to bury personal expenses in the business, operating costs is where they would do so...
Mostly also because because a break down of operating costs is not a disclosure requirement in the financial statements...
The only place you would really see it is in a detailed statement of comprehensive income (income statement).

Would you expect a Chairman to have:

1)an overview knowledge of what they might be, particularly if they had jumped substantially in one financial year and then remained at higher levels. (distinct from the detailed knowledge a CEO should have) ?

2)Or to say he had no knowledge of what OOC's actually were as a heading, never mind what they were actually made up of (which is what Steve from Wigan and Raleigh from "South Carolina", who until recently had no interest in the club's business affairs seem to be saying) ?

 

[The Esk]

Based on my own experience and thinking what is involved in running a football club, other operating costs:

Outsourcing costs
Licensing costs - FA, EUFA
Security and policing
Communication Costs
Marketing costs
Ticketing and ticketing administration
Stadium costs
Property or equipment rental charges
IT costs
Cost of raw materials and supplies that cannot be held in inventory (i.e. water, energy, small items of equipment, maintenance-related items, administrative supplies, etc.)
Maintenance and repair work
Insurance premiums
Scouting costs
External personnel charges
Fees payable to intermediaries and professional expenses
Advertising costs
Staff food and beverage costs
Transportation charges
Travel expenses
Cost of meetings, Award evenings and other receptions
Postal charges, bank charges (i.e. not interest on bank loans)

 

[Steve Wigan]

I saw that. And it's a hell of a counterpoint.

Which is why evidence is required. When one simply makes accusations nothing sticks and you end up being written off as an extremist. I feel that most here know my stance vis-à-vis Kenwright and the commercial viability of the club, but the name calling is doing no one any good.

So true. problem is a call for sensible debate , which is what a lot of people want, is fine if people stick to it, but throwing unfounded accusations around based on hearsay and agenda driven interpretation do nobody any good, the debate quickly degenerates into name calling and worse.

 

[roydo]

The OOC is the only thing that I find "odd". It is circa £400k per WEEK. They are not wages, leases, debt payments, player installments, or dividends, interest, accountancy fees etc.

So the cost of Everton being run, maintenance, stationary, pitch, bibs, cones, and the like, is £400k a WEEK?

I maybe naive, but surely the auditors would demand at least a break down of the larger items that get lobbed into OOC? Like, I remember a new heating system for the pitch or something a few years back.

Not much help, but hey ho.

EDIT. Wish I had read Esks post first ffs.

 

[RaleighBlue]

Finch Farm has its own heading mate, it comes under sub section 4
OPERATING LEASE RENTALS

Yes, but it seems from my (very brief, very non-financial) reading that that subsection is a cost that is included in Other Operating Costs.

For example: Our expenditures on Depreciation are listed at 829k, which in subsection 4 has been broken up into multiple categories as depreciation property: 254k, depreciation other: 575k. Which adds up to 829. So Section 3 is a summary of costs. The following sections appear to be the breakdown. Anything that is not Amortisation of Player Registrations, Staff Cost, or Depreciation can safely be concluded to be an Other Operating Cost.

So our Leases (such as Finch Farm) would be OOC. It seems Interest Payable and Taxation goes into that figure as well. Assuming our total expenditure is reflected in the £96 million figure.

Even if I'm reading this wrong: thank you for the link, I'll enjoy perusing it.