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KENWRIGHT OUT £46M IN DEBT WE ARE GOING TO GO BUST BILL WAKE UP STOP LIVING IN
  • callofduty
    Posts: 351
    theatrical dreamland i have never been against bill but now after the latest financial figures i want him out i want efc to profit and prosper in the future not be in debt forever now anyone on here who wants to slag me off about this please tell how high does our debt have to go before you say like me enough is enough ? £110m like west ham £150m £200m there needs to be a reality check we cannot afford to have players on £70000 a week and managers on £77000 a week and now wants a new deal with pay rise the mind boggles if you dont fear for efcs future you are either not a evertonian stupid or in denial and you can all say thanks for being so postive blah blah but all I give a ?uck about is the club so bill stop spending what we have not got for christs sake
  • OldGoldenVision
    Posts: 19,512
    have you compared this to other clubs of similar standing? Have you considered turnover or spend. Have you considered whether there are any exceptional items in the outgoings... or if we make it into europe that our income will dramatically increase... 
  • feelingblue
    Posts: 637
    Are you the same person who wants new signings but doeasn't Bill to spend any money?? mmmm hypocrytical.
  • tonyd
    Posts: 2,841

    feelingblue said:

    Are you the same person who wants new signings but doeasn't Bill to spend any money?? mmmm hypocrytical.


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    are you the person who wants new signings but is scared to ask in case you're accused of being part of the blue union?


  • tonyd
    Posts: 2,841
    OldGoldenVision said:

    have you compared this to other clubs of similar standing? Have you
    considered turnover or spend. Have you considered whether there are any
    exceptional items in the outgoings... or if we make it into europe that
    our income will dramatically increase...


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    i know you're an intelligent lad can you explain to me why stoke city can murder us in the transfer market and on the freebee list like michael owen (like most of the beauts on here wanted)
  • sambo applecart
    Posts: 24,216
    tonyd said:

    i know you're an intelligent lad can you explain to me why stoke city can murder us in the transfer market and on the freebee list like michael owen (like most of the beauts on here wanted)


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    the money they spend is 'loaned' by the people that own the club mate, it has to be paid back, and its not unlimited. 
  • sambo applecart
    Posts: 24,216
    Stoke also made a loss last year mate


  • OldGoldenVision
    Posts: 19,512
    Not without digging into their accounts... and to be honest that stuff bores me to tears... In terms of the likes of Owen I have no idea whether we were actually in for him or not...

    I have not analysed our accounts in detail.. nor those of any other premier league club... I just find it fascinating that so many clueless monkeys all of a sudden become accounting experts the minute our accounts come out... That they comment on them in isolation without comparing them with other clubs is incredible... 


  • tonyd
    Posts: 2,841
    sambo applecart said:


    the money they spend is 'loaned' by the people that own the club mate, it has to be paid back, and its not unlimited. 


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    where are the 'loaner owners' that own our club is (not) stepping up to step up to the plate to help their investment to help pay dividends? 

    other operating costs look at green and earl

    _fuck if this wa a french club they'd have blockaded the mersey tunnel by now stop letting these_pricks get away with it ffs



  • sambo applecart
    Posts: 24,216
    mate, i have absolutely no idea what the other operating costs are, i wouldn't even like to hazard a guess tbh with ya pal lol. 
  • tonyd
    Posts: 2,841
    sambo applecart said:

    Stoke also made a loss last year mate




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    did it stop them buying? they have active investors we've got stagment ones who gambled on a quick sale and are now lumbered with a water tight ship thats not going anywhere the fact is we are_fucked till some billionaire loon  decides he wants a toy
  • tonyd
    Posts: 2,841
    sambo applecart said:

    mate, i have absolutely no idea what the other operating costs are, i wouldn't even like to hazard a guess tbh with ya pal lol.


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    if you had a transparent business model you don't have OTHER operating costs they'd be declared like everything else the credit crunchers at the club are devious_bastards  with equally_shit spin doctors to boot
  • sambo applecart
    Posts: 24,216
    I know we should only worry about our own team mate, but, we are stuck in middle earth type thing, most likely until we sell Fellaini......find a billionaire owner, or one of us wins 100 million on the euro millions and gives the club 25m to spend. 

    Seems far fetched, but the clubs below us, need to spend upwards of 50 million to be able to compete with us for 5-6th. Then there are teams like Leeds and Sheff wed who have fan bases almost as big as ours (if not bigger) who would most likely kill to be in our position......i'm not defending the board mate, but things could always be worse......but to move up another level, something like what you said about billionaire bob, etc will most likely have to happen for us to win the league again. Your not daft Tone, you know how football has changed since we were kids, since the prem league began, things have changed dramatically, its nothing  like the football of the 80's, and even further back but i dont remember that, 

    The board being stagnant is frustrating.....i don;t think about it cos its out of my control......and the annyonace that one could have with the fact the premier league is so obviosuly biased towards the money teams is even more frustrating than the board. Football was never like that mate before the prem league began, Football as we know it, and what we were brought up with just isnt that type of football anymore, and thats as hard to accept as the board being stagnant. 
  • OldGoldenVision
    Posts: 19,512
    Just had a look at Stoke... Quite interesting... but as of September 2010 their owner had pumped in £33m of interest free loans which have been converted into capital (so no longer loans)... since 2010 their net transfer spend has been c.£12m which was probably covered by increased revenue from European football...

    They have a good owner in Coates, but his up front investment to buy the club was tiny...

    If you look at out position we were saddled with a lot of debt from really bad spending during the mid to late 90s which hasnt helped us...

  • OldGoldenVision
    Posts: 19,512
    My one observation about the running of the club is that Kenwright is a theater man first businessman second... his money has come from his talent rather than the other way around...

    He works seemingly closest with Elstone... who worked at Deloitte... So he was a guy who learned accounts and then joined the business world... so he isn't of entrepreneurial stock if you like... as such he is most likely risk averse... so wont role the dice when another man might...

    So you have a guy who doesn't know business... and a guy who knows the theory of business... but not somebody who has gained success through business acumen... which is not in my mind a good combination... That would be my reason for being unhappy with the running of the club... not some monkey's analysis of the accounts and dislike of bills fat head and over enthusiastic sharing of information about deals before they are done... 
  • Warnerus
    Posts: 31
    Sure I've seen something like this before. Compare and contrast and all that.

    Arsenal's accounts:


    Even having a total turnover of twice ours and having sold Fabregas during the period in question - they still had a £1m loss and an 'Other Operating Costs' of £56m.

    Seriously, until people stop looking at our accounts in isolation it's always going to look bad. There are very few (I think only Swansea?) that made a profit last season. As OGV has said above - we've yet to rid ourselves of the Peter Johnson era.

    This stuff is why I don't read the anti-Everton Everton site. It gets really boring watching people pretend to be accountants, more boring than actual accountants and they're pretty f*cking boring.
  • king-moyes
    Posts: 3,208
    OGV has said what I have always said... The balance we have in "business people" is very poor... No one that has business acumen, basically someone like Levy, Spurs always have cash and never fail to spend or get players in.

    Just look at the money we get for shirt sponsors... Laughable...

    But the points Tone put forward have been in my head for a few years, always went on about that on here.
  • feelingblue
    Posts: 637
    tonyd said:




    are you the person who wants new signings but is scared to ask in case you're accused of being part of the blue union?



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    Not at all mate, i'm not the one shouting off about debt this that & the other. Call of duty wants Kenwright out (as do you) but just because he reads something about our accts (which no one really understands apart from them) he wants people out & no spending, unless you get the full facts & figures & know what the hell it all means whats the point in getting kenwright out & some other mob in like Blackburn.

    I would love to see more signings but we just cannot afford it in our current state, if Elstone & friends perhaps invested that little bit more so we could buy 2-3 top players & then we could be pushing for top 4, CL, fa cups & with a lot of luck the title(positive thinking and all that) if you look at how we played this season & if we finished teams off with that extra quality player ( and refs getting their sh*t right) we wouldn't be too far off utd etc.



  • feelingblue
    Posts: 637
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    Our marketing is terrible mate, I live overseas & if I see an Everton shirt its normally someone on holiday or bought off internet. I wanted to buy some merchandise for xmas on a local level but it was impossible, I knew things were bad when I could of bought a Leeds kit!! FFs why aren't we pushing our kits more, when Everton played some friendlies here a few seasons ago the stadiums were sold out, the markets there but they need to sort their sh*t out & push it. What makes it worse is rs stuff is f*ckin everywhere.
  • Warrington Dan
    Posts: 8,858
    Wages are the biggest down fall for this club. Sixty odd percent of everything we earn goes on wages. 
  • spengler
    Posts: 2,041
    maybe we could all start advertising for new owners or potential buyers?..i will put an advertisment in the back of the friday ad..
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