jofanon Posted June 15, 2012 Report Share Posted June 15, 2012 With all the player sales last couple of years does anyone know how much we owe the bank? Surely we've made a dent into it? Decent league position this year, decent FA cup run, much improved TV deal next year (minimum of £14m apparently) - surely we must be making a dent? Quote Link to comment Share on other sites More sharing options...
Louis Posted June 15, 2012 Report Share Posted June 15, 2012 £56m as of last accounts but that doesn't include any loan interest. Similar to how a credit card statement shows much is borrowed but doesn't tell you how much it would cost to repay if you pay it off in monthly installments. The £30m loan taken out in March 2002 for example will cost £65m to pay back. Quote Link to comment Share on other sites More sharing options...
Matt Posted June 15, 2012 Report Share Posted June 15, 2012 56m? Ive been reading it stayed at 44m! Thats one hell of an increase all things considered Quote Link to comment Share on other sites More sharing options...
Louis Posted June 15, 2012 Report Share Posted June 15, 2012 That's net debt £44.9m, I listed current liabilities. Net debt since 2005: 2005 19,529 2006 21,787 2007 26,404 2008 36,752 2009 37,909 2010 44,863 2011 44,914 Finch Farm was sold between 2010 and 2011 numbers, so it's slightly misleading to suggest that net debt is nearly the same, the club to sold a multi-million pound asset and still net debt increased by 50k. Quote Link to comment Share on other sites More sharing options...
jofanon Posted June 18, 2012 Author Report Share Posted June 18, 2012 I dont understand how the debt keeps increasing though? Surely with the players we've sold it should be going the other way? Quote Link to comment Share on other sites More sharing options...
pete0 Posted June 18, 2012 Report Share Posted June 18, 2012 I dont understand how the debt keeps increasing though? Surely with the players we've sold it should be going the other way? Wages are going the other way though increasing the amount of revenue needed to break-even each year. Also we may only be paying the interest off so not actually paying any debt off at all. Quote Link to comment Share on other sites More sharing options...
Peter H Posted June 18, 2012 Report Share Posted June 18, 2012 "a few bob" is the correct answer to your question pete0 Quote Link to comment Share on other sites More sharing options...
Peter H Posted June 18, 2012 Report Share Posted June 18, 2012 (edited) We should crowdfund the debt. Lets add it to fundedbyme.com, a project called "Pay Evertons dept" A target of £10mil to start us off. A timeline of 12 months. People can donate as much as they want but not below £20. All donations will be repaid if we dont reach the target. And then go social with it. Start linking it around in every social media channel available. Ive seen great examples of crowdfunding. The movie "Ironsky" was a finnish full feature movie that was crowdfunded. (great movie btw, go see it, its about nazis fleing to the moon during ww2 and now they are coming back. Sarah Palin is the hero. Pure brilliance.) Link to movie site and trailer - http://www.ironsky.net/site/ Im not really serious about this, but imagine if we could raise 10mil in a year. Would be pretty awesome. Edited June 18, 2012 by Peter H Quote Link to comment Share on other sites More sharing options...
Sibdane Posted June 18, 2012 Report Share Posted June 18, 2012 We should crowdfund the debt. Lets add it to fundedbyme.com, a project called "Pay Evertons dept" A target of £10mil to start us off. A timeline of 12 months. People can donate as much as they want but not below £20. All donations will be repaid if we dont reach the target. And then go social with it. Start linking it around in every social media channel available. I don't think it's a bad idea at all, but 10 mil seems a bit ambitious. Also, are there any costs associated with opening up an account on the site (i.e. percentage of donated money, etc.)? Quote Link to comment Share on other sites More sharing options...
Peter H Posted June 20, 2012 Report Share Posted June 20, 2012 Usually around 6% of raised income Quote Link to comment Share on other sites More sharing options...
Hafnia Posted June 23, 2012 Report Share Posted June 23, 2012 Hers a better suggestion... If you are a shareholder, stump up an extra £1000, if you are a board member an extra £2m - there you go. Am I missing something? Maybe the board will have a far more vested interest in the club rather than waiting for daddy big wallet to pay them in excess of what the club is worth. Maybe if so they wouldn't crack open the champagne for shite kitbag and Chang deals and maybe have greater aspirations. Quote Link to comment Share on other sites More sharing options...
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