Louis Posted December 29, 2006 Report Posted December 29, 2006 Under Bill Kenwright the club has made an average loss of £14m per year. When he took over the club the debt was 20m, now it is closer to 60m. Quote
chuky_r_law Posted December 29, 2006 Report Posted December 29, 2006 jesus, i didnt know it was that much. obviously the worse it gets the less likely it looks like us getting any outside investment. i suppose thats why lesser clubs like west ham look like a better investment opportunity than us. Quote
Zed Posted December 29, 2006 Report Posted December 29, 2006 Bloody hell, that is a worrying thing, but how true is it? How do you know? I need facts! Quote
KillaGTiR Posted December 29, 2006 Report Posted December 29, 2006 yeah but the other year we made abit.... i also seen liverpool had debts of 80m Quote
StevO Posted December 29, 2006 Report Posted December 29, 2006 yeah but the other year we made abit.... i also seen liverpool had debts of 80m due to the Rooney money Quote
Louis Posted December 29, 2006 Author Report Posted December 29, 2006 It's a strange one... I've been reading around and apparently the club class the 30million loan over 25yrs as an expense as opposed to debt.. So instead of saying "right we owe 30million plus interest" they are saying "we pay 2m a year to keep our heads above water". They then took out a further loan against the tv money incoming next season to sign AJ. AJ, Kilbane and Lescott fees were apparently not including in the financial report - worrying. Quote
GoodisonToffee Posted December 29, 2006 Report Posted December 29, 2006 It's a strange one... I've been reading around and apparently the club class the 30million loan over 25yrs as an expense as opposed to debt.. So instead of saying "right we owe 30million plus interest" they are saying "we pay 2m a year to keep our heads above water". They then took out a further loan against the tv money incoming next season to sign AJ. AJ, Kilbane and Lescott fees were apparently not including in the financial report - worrying. Does anybody else feel now is the time to be bought out???? Quote
StevO Posted December 29, 2006 Report Posted December 29, 2006 its been the time for about 5years imo Quote
Romey 1878 Posted December 29, 2006 Report Posted December 29, 2006 Fuck Everton Football Club are in a bit of a mess, if BK really loved this club he wouldnt let this continue Quote
CraccerC Posted December 29, 2006 Report Posted December 29, 2006 ^ yeh indeed i never realised it was this nad Quote
aaron Posted December 29, 2006 Report Posted December 29, 2006 BK OUT NOW!!!, should get fans to rebel against him, make posters and wave em about at the match, i would but i dont go the games =[ Quote
Louis Posted December 29, 2006 Author Report Posted December 29, 2006 It wouldn't achieve anything. I read on ToffeeWeb or Bluekipper (cant remember which) that Lord Grantchester - the heir to the Moores millions offered some money to the club for Kings Dock but BK refused on principle.. I dont know whether its true or not. Quote
thebluenose Posted December 30, 2006 Report Posted December 30, 2006 It wouldn't achieve anything. I read on ToffeeWeb or Bluekipper (cant remember which) that Lord Grantchester - the heir to the Moores millions offered some money to the club for Kings Dock but BK refused on principle.. I dont know whether its true or not. reminds me of captain mainwaring. because it isnt true or honest in his eyes he wont accept. Quote
fcssl Posted December 30, 2006 Report Posted December 30, 2006 a frightening fact and statistic. What worries me longterm, not this year though...is that if we were to be relegated we would have even less investment and would be likely to slide further and further into a black hole of debt. The only option is to sell the club and get rid of old Ken, but then, I am not saying anything that we have not heard before. Quote
CraccerC Posted December 30, 2006 Report Posted December 30, 2006 despite oru debts i think we need to spend in jan... its a big money season next year, and if we made top 6 it would be ENORMOUS Quote
Louis Posted December 30, 2006 Author Report Posted December 30, 2006 Problem is craccer.. we've already borrowed 10m against that on Johnson and Joleon Quote
CraccerC Posted December 30, 2006 Report Posted December 30, 2006 ^ i know...borrow more more more Quote
fcssl Posted December 30, 2006 Report Posted December 30, 2006 CraccerC, if you really are a financial adviser, I will take you advice with my next mortgage! Quote
CraccerC Posted December 30, 2006 Report Posted December 30, 2006 it's funny you should say that, i'm actually looking into that as a career Quote
Louis Posted December 31, 2006 Author Report Posted December 31, 2006 I now have visions of Leo Messi behind a desk with an abacus and a fat cuban cigar. Quote
CraccerC Posted December 31, 2006 Report Posted December 31, 2006 (edited) haha cuban cigar, thats so me im studyign a coruse that will let me go down that road. did economics and was pretty good at it ... but back to Everton, i know we mightnt have much but i think know is the time we really need to take risks and push the boat out. we haven't in the past and over the recent years its shown spending generally hs improved league position. with all the money comign in next year we really need to be making a real good go at gettin into europe. i think it will be a big mistake if we don't sell beattie. get rid of a coupel of players and buy some fresh blood, the players we need in midfield to create the goals that we need to keep up a push. at the moment our defence is sorted. i think we're a couple of players shot of beign serious challengers and we need to make a real go at findign them players. read in the paper today that someones offering 3 for ashley young. that would be an absolute bargain buy imo. and the post this morning saying we'll sign barton, again quality. Edited December 31, 2006 by CraccerC Quote
Romey 1878 Posted December 31, 2006 Report Posted December 31, 2006 Ashley Young and Joey Barton would be two of the best additions we could make IMO Quote
CraccerC Posted December 31, 2006 Report Posted December 31, 2006 i agree, we need that ball winner and a left sided player . i think vdm looks like he could still provide, but he's so right footed id rather have him right side young would be qualtiy for us i think Quote
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