Jump to content
  • Sign up for free and receive a month's subscription

    You are viewing this page as a guest. That means you are either a member who has not logged in, or you have not yet registered with us. Signing up for an account only takes a minute and it means you will no longer see this annoying box! It will also allow you to get involved with our friendly(ish!) community and take part in the discussions on our forums. And because we're feeling generous, if you sign up for a free account we will give you a month's free trial access to our subscriber only content with no obligation to commit. Register an account and then send a private message to @dave u and he'll hook you up with a subscription.

*Shakes head* Everton again.


Fugitive

Recommended Posts

38 minutes ago, Barrington Womble said:

We want to tell a story our wages are at 310m, that's why our accounts say that..equally, city despite having probably 10 players earning more than our highest earner will submit audited accounts that claim they're paying roughly the same (315m iirc). 

 

 

Why we would want to do that? 

Link to comment
Share on other sites

1 hour ago, Barrington Womble said:

Yeah I know, but it doesn't break down what it classifies as wages and the closest you get to that is the mention of the highest earning director and his salary (which doesn't count in the payroll anyway). This is the point. Nobody is disputing our accounts mention wages cost us 310m. What every one is disputing is how the fuck are we spending that much on wages. So what other costs are going under wages? There's such a thing as creative accounting, pretty much every business employs it. We want to tell a story our wages are at 310m, that's why our accounts say that..equally, city despite having probably 10 players earning more than our highest earner will submit audited accounts that claim they're paying roughly the same (315m iirc). 

 

So if you stop and think about our squad, take a look at what seem is established information about some of the players salaries (for instance Salah is our top earner at 10m per year) then try to work out a way to get to 310m. Now we do include pensions and NI in that number, so the actual figure is 276m, but the point remains. It seems pretty difficult to believe 276m goes out of the door on salaries alone. 

 

Our wage bill include all players, coaches, directors and staff. A hefty chunk of it will be bonuses for the players for hitting performance targets (winning trophies, number of goals, number of appearances etc), which is how our player contracts are set up. Put it this way, if we were scratching around for 4th and not competing for any other trophies, the amount paid out in bonuses would be significantly less so the wage bill would be some way lower than £300m.

 

As for City, the largest chunk of salaries and bonuses are covered by the Sheikh City Football Group, so City's books are easier to balance.

Link to comment
Share on other sites

1 minute ago, Trumo said:

 

Our wage bill include all players, coaches, directors and staff. A hefty chunk of it will be bonuses for the players for hitting performance targets (winning trophies, number of goals, number of appearances etc), which is how our player contracts are set up. Put it this way, if we were scratching around for 4th and not competing for any other trophies, the amount paid out in bonuses would be significantly less so the wage bill would be some way lower than £300m.

 

As for City, the largest chunk of salaries and bonuses are covered by the Sheikh City Football Group, so City's books are easier to balance.

It doesn't include directors as they are listed separately. Again, I ask anyone to stop and think about the squad we have, how much you think we're paying them. A wage bill of 310m would suggest we're paying some players around 300-400k a week. I don't believe it for 1 second. 

Link to comment
Share on other sites

1 hour ago, Doctor Troy said:

I think Moshiri has loaned them about £350m and they have to move ground. If the stadium is going to happen it will be about £550m so that is a big commitment.

 

Evertonians always moan about us being spawny but they've avoided relegation a few times, the years that they are completely shite there's always 3 more appalling sides than them who tale up the relegation spots. Whenever they sack a manager they have a mini run just after it to make themselves safe. 

 

No matter what they do it how hard they try to fuck everything up with bad decisions they always survive, they've managed to get some fella stupid enough to piss away millions on them, got the council to pay for a training ground and somehow managed to get Ancelotti when the level of manager they should have is Pardew or Allardyce. 

 

Their ground should have fallen to bits years ago and failed a safety certificate.

 

Lifted from an article on their finances:

 

Despite otherwise troubling finances, Everton saw their cash levels hit their highest levels in recent years, rising from £10m to £27m (170%) as their owners injected a net £109m into the club to help fund the club while it sorts out its finances.

The owners of Everton plunged £185m of cash as equity, meaning it isn’t included as debt and will not be repaid to the owner, burning a huge hole in his pockets. 

Everton have traditionally not run on high levels of debt. This changed slightly in recent years as the stadium project ramped up, and meant further funding was required.

Everton however reduced debt levels in 2019. Debt fell from £75 to £37m (51%). The fall in debt is owing to the repayment of a short term loan against the Premier League payments the club were due to receive which is now no longer required.

Everton also repaid debt to their owner which was simultaneously given back to the club but as equity as described above, helping to paint a rosier picture of the club’s finances.

Everton are in a spot of bother financially currently and will be investigated by both the Premier League and UEFA concerning their poor finances. UEFA isn’t too much of a problem currently, given the unlikelihood of the club qualifying for Europe, however with that being an ongoing aspiration they will be worried about the possibility of being banned from competing if they do eventually qualify, similar to the situation AC Milan have found themselves in.

 

https://financialfootballnews.com/everton-fcs-2019-finances-troubled-toffees/

Link to comment
Share on other sites

2 minutes ago, Barrington Womble said:

It doesn't include directors as they are listed separately. Again, I ask anyone to stop and think about the squad we have, how much you think we're paying them. A wage bill of 310m would suggest we're paying some players around 300-400k a week. I don't believe it for 1 second. 

 

Do we know for sure whether the figures (not in our accounts but from various other sources) showing what we pay our players is the gross or net amount?

Link to comment
Share on other sites

1 hour ago, Trumo said:

 

Our wage bill include all players, coaches, directors and staff. A hefty chunk of it will be bonuses for the players for hitting performance targets (winning trophies, number of goals, number of appearances etc), which is how our player contracts are set up. Put it this way, if we were scratching around for 4th and not competing for any other trophies, the amount paid out in bonuses would be significantly less so the wage bill would be some way lower than £300m.

 

As for City, the largest chunk of salaries and bonuses are covered by the Sheikh City Football Group, so City's books are easier to balance.

Player wage bill is just over 100 million

 

www.mirror.co.uk/sport/football/news/every-liverpool-players-2019-20-21190109.amp

 

Wonder where the rest of that 166 million went 

Link to comment
Share on other sites

1 hour ago, an tha said:

UEFA isn’t too much of a problem currently, given the unlikelihood of the club qualifying for Europe, however with that being an ongoing aspiration they will be worried about the possibility of being banned from competing if they do eventually qualify, similar to the situation AC Milan have found themselves in.

Damn Redshite again.

Link to comment
Share on other sites

57 minutes ago, Daisy said:

Got to be pretty dumb if you think FSG aren't taking money out in some way 

 

For all of us dumb cunts, can you tell us all the ways they can take money out? It might give a little more credence to your obvious assertion that they ARE taking money out of the club.

 

EDIT: Use the FSG thread rather than the blueshite thread.

Link to comment
Share on other sites

1 hour ago, Daisy said:

Got to be pretty dumb if you think FSG aren't taking money out in some way 

I firmly believe the money is there but they just won't release funds as they think we have got this far with minimum investment in the sqaud so they'll keep holding back. 

 

Link to comment
Share on other sites

The esk worries for them....

 

Actually a decent read this:

 

https://theesk.org/2020/08/30/how-do-we-fund-squad-improvements-this-summer/amp/?__twitter_impression=true

 

"It is an extraordinary display of financial commitment or risk by Moshiri depending upon where you sit re financial responsibility. Me, whilst I want the players in, am entirely uncomfortable with our financial position."

Link to comment
Share on other sites

11 hours ago, Barrington Womble said:

Yeah I know, but it doesn't break down what it classifies as wages and the closest you get to that is the mention of the highest earning director and his salary (which doesn't count in the payroll anyway). This is the point. Nobody is disputing our accounts mention wages cost us 310m. What every one is disputing is how the fuck are we spending that much on wages. So what other costs are going under wages? There's such a thing as creative accounting, pretty much every business employs it. We want to tell a story our wages are at 310m, that's why our accounts say that..equally, city despite having probably 10 players earning more than our highest earner will submit audited accounts that claim they're paying roughly the same (315m iirc). 

 

So if you stop and think about our squad, take a look at what seem is established information about some of the players salaries (for instance Salah is our top earner at 10m per year) then try to work out a way to get to 310m. Now we do include pensions and NI in that number, so the actual figure is 276m, but the point remains. It seems pretty difficult to believe 276m goes out of the door on salaries alone. 

I reckon the owners take a hefty sum in "wages". That's their hidden profit. The we don't take money out of the club line is pure bullshit. Everyone around us spends like there is no tomorrow and we don't have a dime. Something is utter bullshit, and they are probably skimming from the top.

Link to comment
Share on other sites

16 hours ago, Elite said:

If a person from a council estate buys box of Ferrero Rocher's, they still live on a council estate.

 

I grew up one one so not knocking anyone who is.

You grew up on a Ferrero Rocher? They really spoilt you.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...