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Guardian review of Everton's prospects


Louis

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http://www.guardian.co.uk/football/2013/apr/18/premier-league-finances-club-by-club?CMP=twt_gu

 

Accounts for the year to 31 May 2012

 

Ownership: Shares in the Everton Football Club Company Limited are owned by: Bill Kenwright 25%, Jon Woods 19%, Robert Earl (resident of Florida) 23%

 

Turnover: 8th in league, £81m (down from £82m in 2011)

 

Gate and programme sales: £17m

 

TV and broadcasting: £53m

 

Other commercial activities: £11m

 

Wage bill: 10th, £63m (up from £58m)

 

Wages as proportion of turnover: 78%

 

Loss before tax: £9m (increased from £5m)

 

Net debt: £46m

 

Interest payable: £4m

 

Highest-paid director: No director was paid; chief executive Robert Elstone is not a director

 

State they're in:

 

The money situation reflects the impression David Moyes and his team give on the field, that Everton are pushing to the limit of their current potential. A spirited seventh place was won with only the 10th highest wage bill but with no funding from owners, no buyer or stadium expansion, Everton are stretched inexorably into losses. Lending arrangements from Barclays Bank expire on 31 July, so chairman Bill Kenwright is seeking renewal at the same level, while also borrowing against future TV revenues. A football club still in their grand old ground, determined to compete in a league of sheikhs, oligarchs and US-owned corporations.

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I know it's not really where we want to be, and the "overachieving" platitudes annoy the shit out of me, but...

 

"A football club still in their grand old ground, determined to compete in a league of sheikhs, oligarchs and US-owned corporations."

 

...does make me feel kind of proud.

If you look at our financial status, wage bill, and transfer kitty, we do overachieve.

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If you look at our financial status, wage bill, and transfer kitty, we do overachieve.

 

No doubting that's a fact, it's just that people have been saying the same thing for years and it feels patronising. Newcastle overachieved last year and are now back where they belong, how many years do we have to finish in the top seven/eight for it not to be a surprise?

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No doubting that's a fact, it's just that people have been saying the same thing for years and it feels patronising. Newcastle overachieved last year and are now back where they belong, how many years do we have to finish in the top seven/eight for it not to be a surprise?

Maybe if we continue to do it after Moyes leaves? I have often wondered if some people in the media think Moyes and his ability to get and keep great players is the only thing that separates us from the 2nd class clubs.

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