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

[RaleighBlue]

Yes, but look at the money they spend and the players they bring in.

They sold Bale for £80m but went an spent £100 on bringing new players in. So no questions asked on where money is going.

We sell e.g...Arteta, lescott, billy,anichibe,jelavic, Fellaini.....where the reinvestment. It's vey minor, ie the -net spend.

They also have a turnover of £157 million (or something, I closed the link to their accounts).

Ours is £86 million. You'll find a pretty significant amount beyond OOC's to pay for players in that difference.

That's the problem, not the OOC's.

 

[The Esk]

OOC's are almost an irrelevance - Everton Football Club's major problem is a balance sheet issue not a P&L a/c issue.

The Company relative to the club's ambitions is and has been for many years desperately short of capital - that's why we don't spend big on players, that's why we've not moved to a suitable new ground, not because of the OOC. Compare Everton's balance sheet to our on field competitors and there's your problem. No need to look any further. How much capital is injected into Chelsea, Manchester City and Liverpool?

 

[Sharpys top lip]

The also sold Huddlestone, Dempsey, Parker, Defoe and Caulker last season - leaving them with a negative net spend of nearly £10m

You do realise that in the last 3 years their net spend is minus £38m don't you?

But they reinvest heavily. And except for Bale there not losing there start players are they.

What's the net spend against ours over the premiership history? We can always makes figures work for ourselves.

You know what I was getting at, try not to be a strap-on all the time hey. I'm sure it's very hard for you.

 

[Foot Long Hot Dog]

But they reinvest heavily. And except for Bale there not losing there start players are they.

What's the net spend against ours over the premiership history? We can always makes figures work for ourselves.

You know what I was getting at, try not to be a strap-on all the time hey. I'm sure it's very hard for you.

They've spent nothing net in 5 seasons......

Wasn't Modric a 'star' player then?

.......and I've no idea what you were getting at, as you don't appear capable of forming a reasoned argument that's backed up by any facts whatsoever, and my pointing that out, appears to irritate you. Oh well..........never mind

 

[ROBERTOMARTINEZ]

KENWRIGHT AND THE BOARD STAY. WE NEED CHANG.

 

[Moomin]

I think the end result when looking at the accounts is that the way forward is to increase turnover. It doesn't appear that our expenses are out of line with either our income or our competition - in fact, in many ways we spend less than our competition so as to not take on loads of new debt. This, I believe, is where the board is failing greatly. It seems a large portion of our income is based on things outside of Everton's direct control - tv money, league placement rewards, and the like (and league placement is outside of the business side of the board's direct control...sport is funny like that).

We are operating at a very small profit, which is good, compiling debt is a very bad business model for a club that is not blessed with rich, generous owners. After 15 years, Kenwright and co. have failed to properly leverage the growing appetite of the globe for all things English football. This is the stick to beat them with if you must. Cutting costs (such as OOC) will eventually lead to Everton competing with the relegation fodder as turnover will decrease and players will be less likely to join a club that isn't maintaining the standards and facilities that is expected of a top flight organization. Everton must improve by way of increasing controllable turnover - why the Kitbag deal is so cancerous to Everton.

The OOC argument obfuscates the real issue at hand - Everton are not successfully improving turnover of their own accord. The stadium failures have come home to roost in the sense that we simply cannot afford to buy great players in the exploding transfer market without putting the club dangerously in debt or without relying on continuously rising television deals. Everton need to improve their profitability with stable, regular income - such as improved sponsorship deals, improved merchandising, and other, more creative, means. The board appear to be doing a very good job at keeping the ship steady, but they are failing miserably at moving the ship forward. It's like the club is the corporate manifestation of David Moyes. Stable, steady, but not quite good enough for the upper echelons.

I refuse to accept that the Everton are unable to improve their turnover through modern and conventional means, and that, in the end, is the board's largest failing. And that is the message that should be delivered to Evertonians and to Everton.

Excellent post, we as a club look for short term solutions for long term problems. It's only the tv money that keeps us afloat, if that goes pop so do we ( True for the majority of other clubs as well )

It's the commercial side we need to grow organically. I now for a fact, we have a commercial partner in place who has the same deal in place with another club who has been a yoyo club during the premiership years. Same 3 year deal, but we get paid a considerable amount less than them.

 

[D410]

Also, from what I've been told. The Shaun Maloney deal really does have legs.

So we're shopping in pound land again..

Frightening, absolutely frightening...

hmmmmmmm Maloney

I will be back in here Sept so it will be intresting too see

1. How much Everton have spent over the transfer window.
2. How is the new ground move progressing
3. Have Aston Villa been sold over the summer gievn the way they have gone about the sale.

Adios from Row D SEAT 410

 

[Mikey_Fitzgerald]

@RaleighBlue made some good points

He's doing Cackalacky proud!

 

[davek]

So much wrong with that statement its unreal. You can tell you have never been involed in any form of audit, or in fact any business for that matter. Telling an auditor to 'boil there heads' because a group of fans don't understand accoutning is the most ridiculous statement ever. If you have any concerns that they have falsified the financial records, or that they acting inappropriate in accordance with Companies Act, or any other governing legislation, then I suggest you contact the relevant authorities and lodge a formal complaint.

But you wont, why?? Because you don't fully understand corporate finance and its just a pipe dream that you can hold onto. You're utilising basic maths of adding a subtracting and the answer is not what you (or others) expect so automatically its a conspiracy and something is wrong.

These auditors are from an external source, they go through every detail of financial transactions and if something was wrong it would be highlightled immediatley and the action would be taken (whether criminal or not). There would be no way on earth, any company would ever publish, in an annual fiscal report, a full breakdown of all transactions for OOC (or any other typoe of misc expenses), it won't happen and it never will.

Stop using the OOC to beat your pointless drum, the sounds the same and nothing is changing.

Some of stuff posted on this thread over the last couple of days is bordering on the insane; a complete lack of knowledge in all respects of business practices. This is turning into a massive conspiracy and its quite a shame that the same set of supporters are hell bent on this one article and will not let it rest; some of the stuff can be considered libel so I would be cautious on what people post, especially when referring to people having QC's and the like, it can be seen as an act of intent.

I'm glad you posted this. It's a perfect example of the hysterical scalded cat response by those seeking to throw a protective cloak around this board of directors and their mismanagement of the club. What's being asked for is a FULL audit to everyone's satisfaction. You're illicitly smuggling in the matter of skulduggery to deflect from that reasonable request. The club employ the auditors (our external auditors are practically internal ones given the Elstone/Deloitte connection...which I find disturbing, tbh) and they will have dialogue on how to present - if they so chose to they could request them to provide a note that refers to what costs are incurred, their key remit is to make sure that in the club's top line financial claims no misstatements are made. That's it. But regardless of that the club can choose to do that if they wish to. Elstone has established the principle of this with his list of examples. They know it's a contentious issue but refuse to deal with it fully. It's their look out if people draw their own conclusions because they have neglected to inform them.

 

[meagher94]

People are angry about money not being spent this summer before the transfer window has even officially opened.

I know there's anger about money not being spent in the past but this time we KNOW there's money there that should be 100% going on players and this time there's no excuses if it doesn't.

So let's just wait and see.

 

[Mikey_Fitzgerald]

What if I told you that there wasnt any money there?

I'd believe you

Lord Elstone's grand piano won't tune itself

 

[Mikey_Fitzgerald]

In all seriousness, Raleigh made excellent points

So many areas where we could bring in more income and don't. So many marketing opportunities that we've let slip by

We have probably the most Irish internationals of any side in the Premier League and we've done exactly naff all to maximise profit from that. There should be Everton shirts on sale in Dublin, Belfast, Cork, Kerry, Mayo etc. We should court the Irish Euro the same way Liverpool and Man United do, but we dont. So much income that's slipping through our fingers

 

[SerenityNigh]

It sounds very dodgy all this OOC business.

Yes mate, non of the other clubs do this. And the auditors never approve.

 

[Sharpys top lip]

People are angry about money not being spent this summer before the transfer window has even officially opened.

I know there's anger about money not being spent in the past but this time we KNOW there's money there that should be 100% going on players and this time there's no excuses if it doesn't.

So let's just wait and see.

iv heard the same things for the past 8 seasons mate. You'll say the same thing next season as the clappers will find a way to back blue bill and the failing board.

 

[Mikey_Fitzgerald]

All the people that hate the board, why don't you organise protests, start petitions, write to the press, do blog posts etc?

Seriously, channel all the rage you spew in this thread and do something productive with it. So what if other fans don't join in? If you persist you may win them the over

Get out there, get stuff done!