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*Shakes head* Everton again.


Fugitive

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Moshiri pumped a further 100 million into the club. So they owe him about 350 million or so. Next year will be even grimmer, holy shit they are in trouble. Even if fairytale European qualification comes into play, they'd be thrown out due to ffp and if not that, then the dodgy 30 million option from Usmanov. 

 

They really are up shit creek.

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A wages-to-turnover ratio of 85% is a real financial black hole, and these figures only go up to June 2019. That their turnover is less than £190m is alarming for a club that have been Premier League ever-presents. Without the TV money from Sky (they've barely made a penny from European competition in all that time), they'd be completely fucked because matchday and sponsorship revenue is so miniscule.

 

Put it this way: they are producing the sort of financial figures we were doing a decade ago under the cancers. They also have a hefty debt on their books and ideas of building a swanky new stadium, just like we had a decade ago under the cancers. The difference is that they are doing so at a time when transfer fees, wages and TV income are MUCH higher than they were for us a decade ago under the cancers.

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They don't even have the cashflow to run operating costs. That would be an alarm signal of the highest order. They can count themselves lucky the Mosh ain't charging interest. 

 

Will be funny where they'll get 500 million for a new stadium. Not a bank or hedgefond in the world would loan them as much as a single pound, without guarantee in every share there is and the tv money they'd still probably say. Thank you for dropping in but goodbye,  it's a no for me Clive.

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According to the accounts Liverpool earned £64m overall from New Balance so the Nike deal must be significantly better. 

 

Our two shirt sponsors are up for renewal in the next 2/3 years. Western Union pay us £5m whereas Arsenal get £8m so we should be looking for more when the deal comes to an end. Also I think Standard Chartered get a good deal for £40m. 

 

Hopefully the Academy can get some form of naming rights.

 

 

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9 minutes ago, Trumo said:

A wages-to-turnover ratio of 85% is a real financial black hole, and these figures only go up to June 2019. That their turnover is less than £190m is alarming for a club that have been Premier League ever-presents. Without the TV money from Sky (they've barely made a penny from European competition in all that time), they'd be completely fucked because matchday and sponsorship revenue is so miniscule.

 

Put it this way: they are producing the sort of financial figures we were doing a decade ago under the cancers. They also have a hefty debt on their books and ideas of building a swanky new stadium, just like we had a decade ago under the cancers. The difference is that they are doing so at a time when transfer fees, wages and TV income are MUCH higher than they were for us a decade ago under the cancers.

So then, you're saying things are looking grand? 

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However the news of a £30 million right of first refusal  for naming rights provided by USM will grab the headlines.

In addition Sasha Ryazantsev was able to provide more details of the primary stadium lenders, being JP Morgan and a Japanese bank that I believe is Mitsubishi (*to be confirmed).

The financial headlines are as follows:

  • Loss for the 13 months to 30 June 2019: £111.8 million (2018: loss of £13.1 million)
  • Operating loss for 13 months to 30 June 2019: £29.7 million (2018: loss of £22.9 million)
  • Large reduction in player trading profits: £20.3 million (2018: £87.8 million)
  • Despite extended period revenues fall to £187.7 million (2018: £189.1 million)
  • Reduction in player sales sees player trading profits fall to £20.3 million (2018: £87.8 million)
  • Continued investment in playing squad plus a reduced number of players sold sees the amortisation cost rise to £95 million
  • Wages increase from £145.5 million to £160 million (85% of turnover)
  • Exceptional costs relating to Bramley-Moore of £7.7 million
  • Commercial income falls from £43 million to £41 million
  • Farhad Moshiri contributed a further £50 million in 2018/19, plus an additional £50 million post the year end
  • As a result of Moshiri’s further financial support, debt falls £9.2 million
  • Farhad Moshiri continues to fund losses and cash requirements increasing his loans to the club by £100 million to £350 million in total.
  • USM increased their Finch Farm naming rights contribution from £6 million previously (2017/18) to £12 million.

Profit and sustainability

The losses for 2018/19 push Everton closer to the three year accumulated loss limit of £105 million, but not over it.

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2 minutes ago, Doctor Troy said:

Ha. Used to live in Crosby, dead quiet up Hall Road but probably why they wanted to move there and not far from the beach for the kids.

You mean you don’t think it’s because they wanted to be my neighbours? I keep hoping they will knock to borrow a cup of sugar and I can barter for some tickets but it’s not happened yet, fuckers.

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