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codders78

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Posts posted by codders78

  1. We also have a saving of 33% on Finch Farm for the duration of the lease - about £15 million saving I think.

     

    However all of our debt has been leveraged against the additional TV revenue so we won't feel the benefit, we spent that years ago. My understanding and interpretation of our situation is that we don't make much, if any money at all, what we have is spent paying interest on loans taken out years ago - what is concerning/encouraging (not sure which the former I think) is that our debt levels have remained static, neither rising nor falling. This means we are merely maintaining them not paying it off, it also means we are relatively stable.

     

    I don't know where the money has come from for our transfers thus far but past history would dictate we have to sell a player to balance the books as our transfer surplus has generally been used to this end.

     

    The bottom line is debt I reckon. Those that have spent in the window thus far who I would consider lesser clubs to us haven't got any debt, they feel the benefit of increased revenue and can use it to fund team improvement not the balance sheet.

  2. just trying to get some info together to really understand it better.

     

    in the meantime, and im sure it was posted earlier, but this is an excellent write up of life last year...

     

    http://swissramble.blogspot.ch/search/label/Everton

     

    Very interesting read. I think when you look at net interest payments we are in 6th place. Swansea figure is there to see £0 in interest and they make the point about Norwich being in the same boat - this I guess is the difference in player purchases. Both Norwich and Swansea have spent pretty big so far but should have the financial flexibility, given the additional TV revenue is not already leverage against debt

     

    This is what the article had to say about us in a nutshell

     

    Everton made a loss of £9 million from revenue of £81 million and a wage bill of £63 million (10th highest in the Premier League). The operating loss of £19 million was improved by adding back £14 million of player amortisation and depreciation less a working capital adjustment of £2 million, giving a negative cash flow from operating activities of £7 million.
    Everton’s need to box clever is highlighted by the fact that even after net player receipts of £11 million (sales £23 million, purchases £13 million), they do not quite manage to break-even with negative cash flow after financing of £2 million. All other things being equal, they need to sell a player every season to stay afloat.
    This is due to £4 million interest payments and £0.9 million repayment on assorted loans. The club’s debt stands at £49 million with an £11 million overdraft plus £24 million loan notes (borrowed against future season ticket sales) and £14 million loans (borrowed against future TV money). The lending arrangements with Barclays Bank expire on 31 July 2013, so these will have to be renegotiated in a few months.
  3. How the hell is this a fair comparison? Altidore was 20 years old at the time. Kone was 29 when he scored 11 for Wigan. Altidore just scored 31 total goals this past season, including the game winner against PSV for the Dutch Cup. He has scored four goals in his last four games at the international level. But fuck me, let's judge him on a loan spell from three years ago when he was barely even developed.

     

    It was merely a comparision of their respective premier league records not them as players. Did you read what I wrote when I said he was young and may well have improved and his current form is good so I hardly judged him on his record with Hull

     

    4 in 4 for USA and 2 of those were against Honduras and Panama is hardly a glowing endorsement however and there have been plenty of players who can score for fun in Holland and struggle in the prem - Afonso Alves anyone?

  4. A woman gives birth to twins but has to give them up for adoption

     

    One goes to Egypt is called Amal the other to Spain and is called Juan

     

    Several years later she gets a letter and photo from Juan and turns to her husband and says thats brilliant now I only need to know about Amal

     

    He says "they are twins you silly bitch you seen Juan you seen Amal"

  5. Sunderland have just had a 4million pound bid rejected for Altidore, if he goes for 5/6 million I'll be pissed, considering he is 5/6 years younger than Kone and in fine form at the moment.

     

    Altidore flopped in the prem, one goal for Hull as they got relegated, Kone scored 11 for a side that was relegated.

     

    I take the point about his current form and I also realise he was only young when moving to Hull and may have improved considerably but Kone and Altidores respective records in the prem put them miles apart

  6.  

    That was in reference to Bill saying "there is no favourite"

     

    I think Roberto is nailed on.

     

    I'm not convinced. BK was very vague but suggested he still had further candidates to interview who were currently under contract elsewhere. If Roberto is the man why not just announce it? We know what the compo package is to Wigan and it would appear everything would be in place to make the announcement

  7. If Pereira was 4 or 5/1 for the job fair enough, I just think he must still be in BK thoughts, so 1/40 is a very good price. It just not particualy great value putting £25 on Martinez to win £5. Same bet would net you £1000 on Pereira - are they that far apart for the job. Great for what is likely to really only be a two or three horse race.

     

    Those odds will tumble this afternoon after BK statement.

     

    I don't see it as nailed on as the bookies would have you believe but the constantly fluctuating marketplace must be not just making them a small fortune but the wiggle room to extend/shorten odds. I have just had a tenner on Pereira at 25/1 with paddypower so we will wait and see but like you say the price is way too high for a manager I still believe is in the running for the job

  8. It is, but theres nothing common about sense. As you agreed with in the post (replying to Dunc), we dont know whats going on. "it seems" is interpretation based on missing information, so to make statements of "amateurness of the highest order" is a bit pointless. We dont just dont know, and its frustrating as hell.

     

    Well put

     

    We arent fighting relegation with games still to be played though Louis. I am happy (though frustrated) the board are taking their time. Like Codders said, if it gets 6 weeks on and still nothing (it wont get to that Im sure) then voicing concerns is justified. At the moment, we dont know who are genuine contenders for the job (the bookies are guessing!) and I for one wouldnt want the board to give in to the pressure and go with MoN or Hughes because theyre free and will fit the gap. If taking the time to find the correct manager is what is needed, fair enough.

     

    Exactly. Knee jerk reactions are not required and we are looking for a specific type and this will take time. We should all be careful what we wish for with a quick appointment - act in haste and repent at leisure

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