The summer 2013 Everton transfer rumourZ thread

[toffeejack]

Can't see Fulham paying him £70k a week. Maybe not even £30k a week.

They are though. We knew he wasnt worth that wage so we said no and expected others to as well. Dodged a bullet by they looks of it

 

[mkrudden]

Fourth Official said we had talks with his agent, but then ****ed him off completely when he demanded £70k a week.

I used to think that Fourth Official was a genuine ITK.

I stopped believing such when he convinced me we were back in for Leroy Fer because we had successfully renegotiated his deal in January, and it was a race against time to get the deal done.

He came out with loads of stuff for how/why it was resurrected.

Turned out to be complete bull. Now had it been back on, but fell through again legitimately as happens regularly according to McNulty (BBC) and Barrett (Times) then I could understand it. The club made the statement that we were never back in for him at any time.

Fourth Official uses second hand information and common sense, and has more intelligence to be crafty with than 'Agent ITK' 'Undercover Jarg' and 'InsideTrak' and all the other jarg twitter accounts.

Believe it when theres something on the site, before then - lets just enjoy the made up reasons for what they are - complete and utter (entertaining) tosh!

 

[Moomin]

Lad I've had a hard day at work and I just want to come home to see a new signing holding an Everton scarf above their head outside Finch Farm. I don't even care who anymore.

How about this then??

 

[Baines' left foot]

I know a lot of people have been screaming for Kone. He seems popular.

Meh. If Martinez thinks he's good value then who am I to judge? I'm normally patient with this kind of thing but I must admit seeing other clubs signing hordes of players and us doing nothing as per is a little frustrating. I'm sure Martinez has plans in place though.

 

[bluemangroup]

Meh. If Martinez thinks he's good value then who am I to judge? I'm normally patient with this kind of thing but I must admit seeing other clubs signing hordes of players and us doing nothing as per is a little frustrating. I'm sure Martinez has plans in place though.

July 1st *taps nose*

 

[Tree13]

If you think our revenue increasing by £30m+ means we have to sell Fellaini then good for you. Others may disagree.

I don't.

I think we have a sizeable debt;
I think we run at a loss;
I think we could use some more quality players in the squad.

I don't think the new tv money is enough on it's own to address these issues. It could be used to address either the first or the last issue in totality, but splitting it half and half won't have enough impact on either issue - £10m off the debt doesn't help that much, and £10m on players doesn't get much if it has to cover the new players' wages too.

Therefore IF I want to reduce the debt significantly, AND improve the playing squad significantly, I need more than just this year's extra tv money. THAT is why I think shifting Fellaini is necessary EVEN THOUGH we have extra tv money coming in.

Others may disagree with the prioritising, but the mathematics are sound.

 

[Foot Long Hot Dog]

Our debt is such that we ran at a £9m loss this year. This is not the definition of "easily maintained".

We need to cover that loss AND also reduce the outlay that caused the loss. If the outlay is caused by servicing debts we need to look at ways to pay down the debt, so that the cost of servicing it every year is reduced. And as a general rule we should always be looking for finance on more favourable terms than the current deal.

Why spend £9m a year of our new revenue servicing a debt? Why not instead pay off the debt and then, if funds are needed, borrow a new sum on better terms, reducing the £9m a year outlay?

The debt wasn't reason that we ran up a £6.4m operating loss in the last financial year.

The operating loss was due to a fall in TV revenue in that year, combined with a falling attendance which reduced the overall turnover. This combined with an increase in the wage bill to create the loss. The majority of EFC's debt is long term securitised debt that costs circa £4m p.a. to service.

The business has carried that debt for a number of years, whilst servicing it perfectly adequately. The debt issue that caused the club a problem was the bank overdraft which the bank decided they'd like back.......

Even without the TV revenue increase I'd expect the club to be currently operating at about breakeven at present.

 

[Goat]

Agreed, we got some big earners off the wage bill recently and the squad has been cut drastically the last 2 Years.

I think we have some slight leeway.

 

[davek]

Agreed, we got some big earners off the wage bill recently and the squad has been cut drastically the last 2 Years.

I think we have some slight leeway.

Bill's giving Martinez 'a few bob'...10 bob to be precise.

 

[FTY]

Do they? I've only ever seen Fourth_Official & davidmoyes call transfers before they're done.

Haha!

 

[Tree13]

You are confusing debt with accounting losses. And you have incorrectly come to the conclusion that our loss was as a result of servicing debts, and have completely disregarded the role that all our other expenditure, and our lack of income, have played in making the loss.

There won't be a 9million pound loss to cover in the future, as our income is expected to increase by 30 odd percent, leaving a circa 20million pound surplus which we will need to find a way to spend. We won't make a loss until we spend in excess of that money.

I've got no problem with the idea of paying off all of our debt in order to get another loan for a similar amount at a lower rate, but the idea of paying off all of our debt and not replacing it with any new debt is utterly absurd. Everton FC would not gain an advantage in the Premier League through doing this, only Bill Kenwright would benefit from such an action as he would effectively increase his equity (like paying off your mortgage). You would be kissing goodbye to 40 million pound just so that you could reduce your yearly expenditure by 5million.

What also REALLY doesn't make sense, is to effectively kiss goodbye to 15 or 20 million pound so that you can have your debt repayments reduced from 5million a year to 2.5 million a year. You may have saved 2.5 million pound per year, but you have just bypassed the opportunity to spend 15 or 20 million on improving your squad.

Mate, you are speculating just as much as I am about the sums involved in servicing the debt year on year. I'm being pessimistic and you're being optimistic, but unless you've got Everton's accounts in front of you how do you KNOW your assessment of the financial health of the club is the accurate one?

I don't want a £9m loss every year when we are ALREADY in debt. I appreciate that extra tv money coming in will cover this loss, but we should still be looking at income and outgoings to see WHY we made a £9m loss. It might have been a one-off expenditure this year, or it might be that our existing loans are at pi$$-poor rates, or maybe our wage bill is out of control. We just don't know because neither you nor I have access to the details.

The problem with relying on the tv money is that we don't know exactly what we'll get, because we don't know where we will finish next May. How do we determine how much to spend when the difference between 5th and 10th place (the range we could be looking at) could be several million pounds?

 

[FTY]

didn't that fourth Official say we were signing Rodallega

In fairness, we were.

 

[Coach]

Mate, you are speculating just as much as I am about the sums involved in servicing the debt year on year. I'm being pessimistic and you're being optimistic, but unless you've got Everton's accounts in front of you how do you KNOW your assessment of the financial health of the club is the accurate one?

I don't want a £9m loss every year when we are ALREADY in debt. I appreciate that extra tv money coming in will cover this loss, but we should still be looking at income and outgoings to see WHY we made a £9m loss. It might have been a one-off expenditure this year, or it might be that our existing loans are at pi$$-poor rates, or maybe our wage bill is out of control. We just don't know because neither you nor I have access to the details.

The problem with relying on the tv money is that we don't know exactly what we'll get, because we don't know where we will finish next May. How do we determine how much to spend when the difference between 5th and 10th place (the range we could be looking at) could be several million pounds?

Here you go

http://www.evertonfc.com/assets/_fi...1357208599_Everton_Financial_Accounts_201.pdf

I think you will find Essex Blue and Foot Long Hot Dog are correct.

 

[Essex Blue]

Mate, you are speculating just as much as I am about the sums involved in servicing the debt year on year. I'm being pessimistic and you're being optimistic, but unless you've got Everton's accounts in front of you how do you KNOW your assessment of the financial health of the club is the accurate one?

I don't want a £9m loss every year when we are ALREADY in debt. I appreciate that extra tv money coming in will cover this loss, but we should still be looking at income and outgoings to see WHY we made a £9m loss. It might have been a one-off expenditure this year, or it might be that our existing loans are at pi$$-poor rates, or maybe our wage bill is out of control. We just don't know because neither you nor I have access to the details.

The problem with relying on the tv money is that we don't know exactly what we'll get, because we don't know where we will finish next May. How do we determine how much to spend when the difference between 5th and 10th place (the range we could be looking at) could be several million pounds?

What I do know is that if we find ourselves with a surplus then it makes no sense for Everton FC to spend it on reducing our debt at the expense of neglecting squad improvement, and the figures reported suggest that there will eventually be a considerable surplus.

 

[Goat]

What I do know is that if we find ourselves with a surplus then it makes no sense for Everton FC to spend it on reducing our debt at the expense of neglecting squad improvement, and the figures reported suggest that there will eventually be a considerable surplus.

Your main problem is quite simple, you keep assuming that the Everton Board will take the sensible and best option, something that they have failed to do in the last 14 or so Years.

We are controlled by some of the worst business minds the world has ever witnessed.