Palfy Posted January 16, 2020 Report Share Posted January 16, 2020 5 hours ago, Shukes said: No I think your misreading me mate, or I’m just not explaining it properly. Im talking from an asset management perspective. An asset can be valued at zero, but still add value to the company. Imagine buying a van through a business. Once it has reached zero... it holds value to your company, but is pure profit. After a players contract has ran down, his initial company value has changed from an asset value to a pure profit value, with overheads. His value is now not counted as an asset on the accounts, but is still a value to the club. Edit: Palfy I think we’re both saying the same thing. But as usual from different directions, anyway I think that’s why good charted accountants are better off than us Shukes 1 Quote Link to comment Share on other sites More sharing options...
Palfy Posted January 16, 2020 Report Share Posted January 16, 2020 3 hours ago, StevO said: They couldn’t just withdraw £350m, as there isn’t £350m in the bank. They wouldn’t be able to get £350m from the bank to withdraw it, as they would need to guarantee the money. The risk is theirs, nothing to worry about. If they pulled out, they lose that money as they would have no chance of getting it back. They didn’t buy the club to make a profit, it’s a very expensive toy. Got to have a mansion, a yacht and a football club nowadays. No but they could if they wish force the club to sell its assets, I’m not saying they would but stranger things have happened, most financial commentators who have written about our situation have agreed that we have got ourselves in a very perilous situation, and for any club to owe one individual so much money is not a good situation to find it’s self in, and I very much tend to agree. Quote Link to comment Share on other sites More sharing options...
Palfy Posted January 16, 2020 Report Share Posted January 16, 2020 3 hours ago, StevO said: When you sign a player his value/cost is spread over the term of his first contract. You buy a £10m player with a five year contract he goes on the accounts at £2m per year for five years. If after three years, when you have paid off £6m of his value, you sell him for £5m you have made a £1m profit. If you sell him after five years the whole transfer fee is a profit. There would only ever be a loss if you sell them in the time of the first contract, and for less than what is outstanding. If you sell a player who was never paid for (academy or free transfer) it’s all profit if you sell them for a fee. I have said that, but that doesn’t effect his value as an asset to the club. 3 hours ago, StevO said: Nope. Nothing to do with wages. Wages are an expense, players are depreciating assets spread over the life of the first contract at the price paid. Free transfers and academy graduates financially have no value in the accounts. The player isn’t a depreciating asset his cost depreciates over the time of his contract, but until he leaves he will be an asset to business based on what he cost. Im starting to get a head ache now I’m clad I’m not an accountant, I’d forgotten how boring it must be Quote Link to comment Share on other sites More sharing options...
Palfy Posted January 16, 2020 Report Share Posted January 16, 2020 3 hours ago, Matt said: Maybe I'm getting mixed up then... Are depreciation and value not very different things? By that I mean, the depreciation as you explain it is clear, but the value is determined by the return of investment. Or am I getting completely fucking confused? I think we are all confusing each other Quote Link to comment Share on other sites More sharing options...
Palfy Posted January 16, 2020 Report Share Posted January 16, 2020 1 hour ago, Shukes said: This is exactly what I have been trying to say. It just takes someone more intelligent than me to explain it haha. Accounts wise a players value depreciates, but his value to the club remains as they still have an asset to sell. Yes and no, accounts wise players cost not value depreciates. And they still use his value whilst he’s at the club to add to the valuation of what the club is worth who wants a beer I’m buying. Quote Link to comment Share on other sites More sharing options...
Shukes Posted January 16, 2020 Report Share Posted January 16, 2020 1 hour ago, Palfy said: Yes and no, accounts wise players cost not value depreciates. And they still use his value whilst he’s at the club to add to the valuation of what the club is worth who wants a beer I’m buying. Can’t agree here. I have worked on asset management previous and have a business now. Assets depreciate over a given time as far as accounts go. If you have machinery in a business, it will eventually reach zero value on your accounts. But it still holds a value. If you sell you business, you can’t add that asset to your sale, though you can sell it individually. That’s how the premier league assets also read. I think SteveO is spot on. Anyway. Enough from me. I have limited knowledge on it and will bow down to those who know better. What’s that beer worth? And where does it get logged? Will it add value to your opinion, or will it devalue it? What are we talking about haha! Do we miss Gana? Palfy 1 Quote Link to comment Share on other sites More sharing options...
Palfy Posted January 16, 2020 Report Share Posted January 16, 2020 4 minutes ago, Shukes said: Can’t agree here. I have worked on asset management previous and have a business now. Assets depreciate over a given time as far as accounts go. If you have machinery in a business, it will eventually reach zero value on your accounts. But it still holds a value. If you sell you business, you can’t add that asset to your sale, though you can sell it individually. That’s how the premier league assets also read. I think SteveO is spot on. Anyway. Enough from me. I have limited knowledge on it and will bow down to those who know better. What’s that beer worth? And where does it get logged? Will it add value to your opinion, or will it devalue it? What are we talking about haha! Do we miss Gana? I have three businesses doesn’t make me more knowledgeable than someone who doesn’t have a business, but I have a good accountant so hopefully he’s earning the money I pay him, but the truth is I wouldn’t really have a clue I just have to take his word for it when he says he’s saving me thousands. And no I don’t want to talk about Gana the moods low enough as it is Shukes 1 Quote Link to comment Share on other sites More sharing options...
Shukes Posted January 16, 2020 Report Share Posted January 16, 2020 A good accountant is worth ten times what you pay for them. Quote Link to comment Share on other sites More sharing options...
StevO Posted January 16, 2020 Report Share Posted January 16, 2020 3 hours ago, Palfy said: I have said that, but that doesn’t effect his value as an asset to the club. The player isn’t a depreciating asset his cost depreciates over the time of his contract, but until he leaves he will be an asset to business based on what he cost. Im starting to get a head ache now I’m clad I’m not an accountant, I’d forgotten how boring it must be I agree mate, but they are depreciating in the accounts. Once a players transfer fee has been covered over the term of the contract they hold no value on paper, but you could still sell them for £100m. An adjustment to the accounts would then be made to reflect what is a reasonable profit. So in our accounts right now Tom Davies and Seamus Coleman both hold no value, but we know they are worth a few million if they were to be sold. For these exact reasons there is no set way to value what a club is worth. Players are not taken into consideration at market value. It’s too volatile. You could buy Juventus, they could ask for more money because they have Ronaldo. But a buyer could argue there is no guarantee he extends his contract and he could leave for free, therefore the club has just gone down in value. Also, how do I get one of these beers from Palfy? Shukes and Quinn31 2 Quote Link to comment Share on other sites More sharing options...
barryj Posted January 16, 2020 Report Share Posted January 16, 2020 6 hours ago, Romey 1878 said: Fuck, I have a headache. It went over my head along time ago. I’ll jump back in when there’s Usmanov hysteria or contrasting views on Bill. Quote Link to comment Share on other sites More sharing options...
Palfy Posted January 17, 2020 Report Share Posted January 17, 2020 7 hours ago, barryj said: It went over my head along time ago. I’ll jump back in when there’s Usmanov hysteria or contrasting views on Bill. I agree I’ve got myself involved in something I haven’t got a scooby do about, come to think about it what’s new. Quote Link to comment Share on other sites More sharing options...
Bailey Posted January 18, 2020 Report Share Posted January 18, 2020 On 16/01/2020 at 14:02, StevO said: When you sign a player his value/cost is spread over the term of his first contract. You buy a £10m player with a five year contract he goes on the accounts at £2m per year for five years. If after three years, when you have paid off £6m of his value, you sell him for £5m you have made a £1m profit. If you sell him after five years the whole transfer fee is a profit. There would only ever be a loss if you sell them in the time of the first contract, and for less than what is outstanding. If you sell a player who was never paid for (academy or free transfer) it’s all profit if you sell them for a fee. This is how I understand it as well. I'm sure there was an article on it a few years ago in respect of Everton. Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted February 4, 2020 Report Share Posted February 4, 2020 https://www.liverpoolecho.co.uk/sport/football/football-news/full-details-everton-introduce-megafon-17680255 Quote Link to comment Share on other sites More sharing options...
duncanmckenzieismagic Posted February 27, 2020 Report Share Posted February 27, 2020 https://www.liverpoolecho.co.uk/sport/football/football-news/bramley-moore-alisher-usmanov-next-17823422.amp Quote Link to comment Share on other sites More sharing options...
barryj Posted February 27, 2020 Report Share Posted February 27, 2020 5 hours ago, duncanmckenzieismagic said: https://www.liverpoolecho.co.uk/sport/football/football-news/bramley-moore-alisher-usmanov-next-17823422.amp Another fine article In the video documenting Moshiri’s timeline they even get the timing of Silvas sacking wrong! Seriously how hard can it be? Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted February 28, 2020 Report Share Posted February 28, 2020 9 hours ago, barryj said: Another fine article In the video documenting Moshiri’s timeline they even get the timing of Silvas sacking wrong! Seriously how hard can it be? I'm always impressed when they even know we're called Everton. That's how shit they are. Matt and Palfy 2 Quote Link to comment Share on other sites More sharing options...
Popular Post Romey 1878 Posted March 2, 2020 Popular Post Report Share Posted March 2, 2020 Yesterday Kenwright donated £140K to Speedo Mick. Wow! pete0, Wiggytop, Palfy and 6 others 9 Quote Link to comment Share on other sites More sharing options...
Popular Post Sibdane Posted March 2, 2020 Popular Post Report Share Posted March 2, 2020 49 minutes ago, Romey 1878 said: Yesterday Kenwright donated £140K to Speedo Mick. Wow! Finally putting some of the Arteta money to use. DavisJD, Matt, Shukes and 4 others 7 Quote Link to comment Share on other sites More sharing options...
Palfy Posted March 3, 2020 Report Share Posted March 3, 2020 23 hours ago, Romey 1878 said: Yesterday Kenwright donated £140K to Speedo Mick. Wow! What a star, can’t help but have massive admiration for the man. MikeO and pete0 2 Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted March 8, 2020 Report Share Posted March 8, 2020 https://www.liverpoolecho.co.uk/sport/football/football-news/alisher-usmanovs-nephew-lands-job-17882861 Move along, nothing to see here... StevO 1 Quote Link to comment Share on other sites More sharing options...
Hafnia Posted March 8, 2020 Report Share Posted March 8, 2020 1 hour ago, Romey 1878 said: https://www.liverpoolecho.co.uk/sport/football/football-news/alisher-usmanovs-nephew-lands-job-17882861 Move along, nothing to see here... But but But Usmanov has nothing to do with Everton.... just cos he is Moshiris partner, sold his shares in Arsenal, has sponsored finch farm, has sponsorship all over goodison, has paid £30m for first option on naming rights for Bramley Moore, has now got his family in at the club............ it doesn't mean anything..... Romey 1878, Quinn31, markjazzbassist and 1 other 4 Quote Link to comment Share on other sites More sharing options...
Popular Post duncanmckenzieismagic Posted March 20, 2020 Popular Post Report Share Posted March 20, 2020 London Blue, markjazzbassist, Palfy and 5 others 8 Quote Link to comment Share on other sites More sharing options...
markjazzbassist Posted March 20, 2020 Report Share Posted March 20, 2020 Wow just wow, amazing club Quote Link to comment Share on other sites More sharing options...
MikeO Posted March 20, 2020 Report Share Posted March 20, 2020 53 minutes ago, duncanmckenzieismagic said: One of the regrets of my life was that I had professional dealings with Bill (only over the phone) thirty odd years ago and somehow I had no idea of his Everton connection, or just failed to put 2+2 together. He was an easy guy to talk to as a client (and paid his invoices on time) but I really feel I missed out there, we could've talked for hours. Quote Link to comment Share on other sites More sharing options...
Gwlad Posted March 20, 2020 Report Share Posted March 20, 2020 He just bleeds blue. Quote Link to comment Share on other sites More sharing options...
Romey 1878 Posted March 21, 2020 Report Share Posted March 21, 2020 13 hours ago, duncanmckenzieismagic said: That's the perfect sort of role for him. Quote Link to comment Share on other sites More sharing options...
StevO Posted March 22, 2020 Report Share Posted March 22, 2020 On 20/03/2020 at 19:27, duncanmckenzieismagic said: I know Andy’s mum and dad very well, they came to my wedding in Thailand. They will he been made up with a call from Bill, they love him. Made my day this. MikeO, Palfy and pete0 3 Quote Link to comment Share on other sites More sharing options...
barryj Posted August 21, 2020 Report Share Posted August 21, 2020 Just got this email through. With the longest league season in our history now firmly behind us, we are a matter of weeks away from the start of the 2020/21 season and our opening game against Spurs at the Tottenham Hotspur Stadium. Before looking ahead, I would like to briefly reflect on last season – the most unusual of all seasons – and say a huge thank you to you – and every Evertonian – for the patience and commitment shown throughout this most challenging time. For demonstrating passion for the Club by selling out every home and away allocation before the lockdown. For understanding and respecting the Club’s requests not to attend Goodison Park during our period of playing games behind closed doors. For record-breaking retention of Season Tickets, membership sales and sales of our 2020/21 home and away kits. For the warm welcome you have given our new partners Cazoo and hummel, both of which are focussed on developing meaningful relationships with Evertonians as part of their exciting plans for the future. For supporting the Blue Family campaign – and helping us to help local people in need – with such incredible generosity. For continuing to show the class and loyalty that the football community has now come to expect from Evertonians. For all of the above reasons – and many more – on behalf of our Club, I wish to say a huge thank you! Such remarkable support and solidarity drives everyone at the Club. And it is this unity that will continue to fuel us as we begin our preparations for the new season. Carlo and Marcel are working diligently to build on the strong, exciting base of young talent we have in our squad. And we are all determined to make significant progress in the new season. Similarly, Willie Kirk is working hard with our women’s team to build on what was a strong 2019/20 campaign. We welcome new signings Poppy Pattinson, Ingrid Moe Wold, Nicoline Sorensen, Rikke Sevecke, Hayley Raso and Valerie Gauvin to our Everton ranks. As you are aware, Carlo and the first-team will return to match action with pre-season friendly fixtures away to Blackpool this Saturday (22 August, kick-off 3pm) and at Blackburn Rovers a week on Tuesday (1 September, kick-off 6pm). Both games will be played behind closed doors but will be streamed live for Season Ticket, Hospitality and Official Members through our website. More information can be found here. While we are all excited to see our teams return to match action, I must respectfully remind you not to travel to these games, as there will be no access for fans and we continue to operate with the strictest of protocols in place to keep our players and staff safe. David Unsworth's Under-23s will also play a friendly against Runcorn this weekend, while our Women’s team will begin their FA WSL campaign on 6 September away at Bristol City. I wish them all the best of luck in these fixtures and for the season ahead. As you would expect, a major area of focus for the Club is ensuring we can welcome you back to Goodison Park as soon as it is safe to do so – and we are working closely with the Premier League to make this happen. It is now certain that the opening fixtures of the 2020/21 Premier League season will be played behind closed doors. I would like to reassure all 2020/21 Season Ticket Members that a refund will be available for each fixture that is played behind closed doors. Details of the refund process will be shared in the coming weeks. We will ensure that process is straightforward, just as it was for the 2019/20 refunds. When it is safe to reintroduce supporters into the stadium, it is likely to be at a reduced capacity. Our ticketing team is working on what we believe is the most robust and fair allocation system and information on this will be shared as soon as it is possible to do so. Please be assured our aim is to get us all back together, safely, as soon as it is practicable. If the Premier League and the wider football industry ever needed confirmation of the power and importance of its supporters, then playing in empty stadiums at the end of last season certainly reinforced and amplified the true value of your support and how crucial you are to our success. It underlined what makes football special and what makes our industry the powerhouse it is.Experiencing behind closed doors games as CEO is something that I will never forget. Arriving at Goodison for the first time without fans in attendance to fulfil our fixture against Liverpool was extremely emotional for everybody – it was a truly jarring experience. Supporters like you are the glue that holds our Club together through the good and bad times and to say we have missed seeing that support is a massive understatement. This week I have spoken with members of the first-team squad and they have echoed my sentiments and are desperate to have you back at Goodison Park as soon as possible. I will continue to work with my teams to facilitate this – and we will keep you informed throughout every stage of the process. As football fans, we start the season off with such high hopes and expectations. This season will be like no other and – at some point during the campaign – we will be reunited again. It will be a historic moment we will talk about for decades to come – reflecting on the time we were unable to physically attend games. When we get to that day, as Evertonians I am confident we will be louder and prouder than we have ever been. And the Club will welcome you home in true Everton style. It was surreal to sign-off the season without fans inside Goodison – and, of course, disappointing that we couldn’t give Leighton the send-off he deserved. I can assure you we did everything we could to extend Leighton’s playing career with us – although we completely respect his decision and wish him well for his future. As our Chairman said in his tribute to one of the best left-backs ever to have graced Goodison and the Premier League, Leighton knows the love and respect that Evertonians feel towards him…and that’s what really matters to him. Marcel and I have been working behind-the-scenes with Leighton over the last few weeks and are excited about how we might be able to continue a relationship with him in future. We’re currently working through some of the final details, which we believe will be great for Leighton and for our football club. While we’re not in a position to confirm this yet, I assure you that you will be the first to know – as I know how much Leighton means to you and how interested you’ll be in any role we confirm with him. I know you will also be keen to hear updates on our new stadium project. I can confirm this has been continuing in line with our project plan and our Stadium Development Director, Colin Chong, will be providing a thorough update next week. As I’m sure you would expect, some aspects of this project – mainly relating to third parties – slowed down temporarily due to the impact of Covid-19, but we don’t expect this to have a material impact on our long-term plans.Finally, I would like to congratulate our 2019/20 Fan of the Year, Lewis Docherty. Eleven-year-old Lewis received more than 1,000 nominations from fellow Evertonians for his quite brilliant support of the Club. Lewis has become a familiar face at Goodison Park on a matchday, working tirelessly to help fundraiser Speedo Mick collect thousands of pounds for charity around the ground. The video of him receiving his award is a joy to watch and Lewis is quite simply an inspiration. Well done, Lewis! So, we move forward into the new season physically apart for a little while longer. But we remain strong. We remain united. We remain one big Royal Blue Everton family. Thank you once more for everything you have done to show your commitment, your support and your class over recent months. COYB!Denise Once again a class act from the best football team in the world MikeO, StevO, Romey 1878 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
StevO Posted August 21, 2020 Report Share Posted August 21, 2020 I always say this, but it’s hard not to love Denise. Romey 1878, barryj, MikeO and 1 other 4 Quote Link to comment Share on other sites More sharing options...
Gwlad Posted August 21, 2020 Report Share Posted August 21, 2020 Blown away when I got this, everything is done so well. Of course we are proud Evertonians. MikeO 1 Quote Link to comment Share on other sites More sharing options...
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