Manager looking for backing at pivotal time
As the January transfer window opens and rival clubs start to put their plans for strengthening into action, it would appear as though David Moyes is using the confluence of a number of factors to his advantage as he seeks backing for his burning ambition to take Everton into the Champions League this season.
Not for the first time, an agonising defeat to Chelsea has brought back into focus the all-too-familiar glass ceiling that has kept the Blues from breaking into the Premier League's top four over the last few years: the exit at the hands of Abramovich's millions in the League Cup semi-final in 2008 first prompted the manager to express frustration at Everton's inability to compete on anything approaching a level financial playing field; and the heartbreak at Wembley in the FA Cup Final the following year was similarly illustrative of the crucial gulf in resources between Goodison Park and Stamford Bridge.
Sunday's result at Goodison moved Chelsea five points away in fourth place with a game in hand and while the Blues remain well placed for a shot at Champions League qualification, Moyes knows that his team's hopes could well be scuppered by the lack of depth in his squad.
Now, with his team aiming to be in fifth place and just three points off third place after today's action at St James Park, his personal influence at the Club as strong as it's ever been, and his unsigned contract hanging out there as an increasingly obvious marker that he wants his plans backed, Moyes has asked that the Everton board make some of the estimated £20m increase in TV revenue that will flow into the Club next season available to him now to make a concerted push for the a top-four finish.
Moyes's case is a strong one — he has been able to guide his team to fifth place at the halfway stage of the season despite injury and suspension to key players that have held the Blues back from what many believe would be a higher league placing had his best players been fit more often. Playing arguably the most attractive and effective football of his 10-plus years in charge, Everton have looked top-four class in many ways but have lacked the quality or depth to get the results their form has promised.
The electric Kevin Mirallas has missed the best part of two months now with a hamstring injury. Midfield linchpin, Darron Gibson, was sidelined for almost three months between September and late November and is out for at least another month with a recurrence of his thigh problems. Disruption at right back where Tony Hibbert, Seamus Coleman and Phil Neville have all been on the treatment or operating tables at times this season has necessitated the deployment of Phil Jagielka as an emergency full-back. And a lack of effective striking support for Nikica Jelavic has left the team without a reliable goalscoring threat up front.
Moyes's public refrain regarding the mid-season transfer window has been a familiar one: that there are no funds for any significant player acquisitions and that he will again look to the loan or Bosman market to bring in much-needed reinforcements. Privately, though, he has urged the Club hierarchy to trust in what he has achieved over the past decade on a shoe-string budget and find a way to invest in the team this month.
As Tony Barrett points out in his blog for The Times today, the Club has no real credit facility left with which to borrow the kind of money for which Moyes is asking; the reputed £25m line of credit that Barclays allowed Everton before the global credit crisis in 2008 has long-since been reined in and the Board has since had to rely on a number of revolving mortgages while operating costs outweigh revenue by around £5m a season.
That means that investment in the team would require personal contributions from the Club's majority shareholders which would be a first under the Bill Kenwright regime. It's believed that the Chairman himself has no more money in the club than he used to fund his original purchase of his shares with True Blue Holdings in 2000. Robert Earl has an estimated personal fortune of £240m but, since being drawn to Everton by the Destination Kirkby project six years ago, has not put another penny into the Club and remains a silent and invisible Board member. And though Jon Woods, who sold Ocean Software, the company he co-founded, in the 1980s for £100m, is a devoted, match-going Director, he, too, has kept is personal money to himself rather than invest in the club.
Lord Grantchester, Everton's fourth-largest shareholder and Littlewoods heir to an estimated £1.2bn fortune, has also been reluctant to invest any of his family's fortune into the Club, reputedly due more to a personal detente with Kenwright and, perhaps, a lack of enthusiasm to take a leading role in the Club than any desire to keep his money to himself.
As Barrett points out, the refusal of the Club's directors to personally risk their fortunes on player acquisitions is "wholly reasonable" but, as David Moores did across the Park in 2006, nothing is stopping them from doing what the banks won't — "namely allowing Everton to take out a short-term loan that would be repayable as soon as the club receives its first installment of the new TV deal."
With 10 years of service behind him, an enviable record of stability in the top half of the Premier League, repeat European qualification, an FA Cup Final and now, his team well-positioned among the pack chasing the top four, Moyes seems to be sending a signal to the Club's wealthiest shareholders that he needs them to now show their faith in him in the form of sufficient transfer funds to support his charge for Europe.
The manager clearly senses that the cash bonanza from the new domestic and international television rights deal, coming at a time when Everton are best placed to break into the Champions League, offers a unique opportunity for the Board to put together a package of funds for team strengthening this month.
It could be a pivotal moment in Everton's modern history — how the Board does or doesn't respond might well have a definitive effect not only the team's prospects for this season but, equally importantly, on Moyes's own future at Goodison Park.
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611 Posted 02/01/2013 at 20:52:52
Tony’s exposed what Moyes has actually told the board and hit the nail on the head in terms of how this board has failed the club, the fans, and most importantly of all, the manager, since taking over from Johnson in 1999. They’ve not spent a single penny in terms of investment in the club, the stadium or anything else for that matter because Tony is 100% correct, but they’re expecting a fine return.
Somehow Moyes has crafted together a team that can play football and compete with most of the Premier League... most but not all. To take us further we need a few players in January, which will give us a shot at the top four and then a couple more in the summer to have a chance at progressing in Europe. Sell a few of the players we don’t need by all means but don’t leave it until it’s too late and by too late I mean any time after this window. Yes it’s a gamble but all business is a gamble, not like putting a tenner on a horse, but you take calculated gambles, most of the fans trust Moyes but do the board?
At the beginning of the 2011 season, after two years of not investing in the squad just selling player after player and saving wages, fans had had enough, took to the streets and voiced their opinions in the media. Exposed for what they were in emails and transcripts the board changed their tune and Moyes was allowed to spend again, still they sold and made a profit but the additions of Gibson, Jelavic, Pienaar and Donovan for a few weeks changed the performance of the team and we climbed the table away from the dreaded relegation zone. We continued to freshen up the squad in the summer of 2012 and with a few more additions, and despite a few departures, look where we are. Now for the push, you’ve failed us time and time again Bill but don’t dare fail us this time.
We’re now in the years where the accounts of teams that qualify for Europe will be examined, even if the board bring forward some future payments through a loan or loans, it’s no different from what they do now with borrowing against future incomes, they’ll easily pass FFP.
So come on Bill, don’t lets us down, don’t let the manager down but most of all don’t let the club down at this crucial time, you have in the past but here’s your chance to prove to the fans that you really are the biggest Evertonian.
Bill, don’t just say you haven’t got the money, it’s your job to provide the manager with the funds to compete not just shrug your shoulders and say sorry, where would the world be if we all did that?
Make a statement Bill to the fans, the players and to other clubs that Everton are here to compete. Please don’t offer up some weak excuse, you’re here to provide money for the manager, if you can’t do that then call it a day and let someone else who can attempt to provide what you can’t.
650 Posted 02/01/2013 at 22:16:01
This has restored my faith in football journalism and, considering the likely lack of interest in the subject matter to neutral (Sky era) football observers, investigative journalism and editorship of quite noble integrity too.
Red tops look on with shame.
659 Posted 02/01/2013 at 22:32:08
692 Posted 02/01/2013 at 23:12:19
694 Posted 02/01/2013 at 23:11:00
Will Bill - sounds a bit like a film title - listen and give DM what he needs and what he wants?
700 Posted 02/01/2013 at 23:15:45
This man has worked miracles to firstly survive in the premier league with sub par personnel and then build a squad which is playing the best football since the 60 's.
Each season this club have sold more than its bought and DM has diligently welded together a team of cheap players compared to our neighbours and the supposed big four.
Now they are the equal or better of every team we have played this season.
When the list of players sold are added up plus the wages they were paid then it appears we now have a superior first eleven which operate on a lower budget than before.
All the high earners have gone and our acquisitions have been low cost but good value.
I believe that DM is as much an EVERTONIAN as any manager we have had and wants the best for his team.
He would love to be able to bask in the success of a quality Everton team that has confounded all the multi millionnaire clubs.
Our neighbours have spent a fortune over the past four years and dispensed with quite a few managers whilst Davey has been at our helm.
This board must back this man and the fans who loyally support the team home and away.
Now is the time to invest and live up to the club motto !
714 Posted 02/01/2013 at 23:27:25
729 Posted 03/01/2013 at 00:19:14
On to you ownership.
737 Posted 03/01/2013 at 00:38:33
A short term private loan consisting of £20 million (four separate £5 million loans by four exceedingly wealthy people?) that is guaranteed to be repaid in September when the TV money hits is a full stop no brainer with zero exposure.
That's a bit of a run-on sentence but you get the idea...
Evertonians should be screaming from the hilltops to exert as much pressure on these folks as possible.
I have £200 in the bank. If I invest £5 now, knowing I will get in back in about 9 months time, and it may pay good dividends, why the hell wouldn't I do it?!
If they don't cough it up now I see no other logical conclusion other than they really don't give a fiddler's fart about Everton Football Club.
740 Posted 03/01/2013 at 00:53:09
748 Posted 03/01/2013 at 01:42:50
749 Posted 03/01/2013 at 01:43:30
751 Posted 03/01/2013 at 01:45:44
755 Posted 03/01/2013 at 01:59:34
Someone once told me that if a person is talking and they constantly look to the left then there is a fair chance that they may not be telling the truth. I am not qualified to support this theory, perhaps a TW with insight into this type of thing might throw some light on it.
Maybe that Tolman thing was a plant by the club or maybe it wasn't! Who knows? But it looks as if there is no take-over then there will be no funds, more's the pity.
756 Posted 03/01/2013 at 02:09:19
757 Posted 03/01/2013 at 02:09:19
I notice that this thread is based on the rumour that DM has already stated in private what I was intimating he could have made clear in his after match interview (without being condemnatory of the board).
Is the rule that he is not allowed to publically reveal what is widely believed to be the case, ie, our current board members have not gone particularly far in backing the manager from their own personal fortunes. Who does that benefit? Is it important that such information is kept behind closed doors, beyond saving face?
761 Posted 03/01/2013 at 02:01:50
It could happen that we get through the group stage, if we get through the qualifier that is. I still think we might be patching up our problems only to face the next financial challenge. I dearly would love Everton in the champions league, but do we really have the funds to take it on properly at the moment?.
763 Posted 03/01/2013 at 02:33:41
Moyes requests cash advanced lucrative contract for Champions League push
764 Posted 03/01/2013 at 02:33:54
Obviously the second loan is more of a gamble because it would be reliant on getting to the first Champions League group stage or probably the second stage of the Europa League, but it doesn't rule out the initial cash advance.
766 Posted 03/01/2013 at 02:50:25
767 Posted 03/01/2013 at 02:48:40
768 Posted 03/01/2013 at 03:09:17
I also think that Colin Wainwright #740 hits the nail on the head with his comment
“Maybe the money's already spent.”
Who would be shocked if that was true, think about it, these cronies have probably know for a while that extra money would be available once this new TV deal kicks.
I dread the morning when I wake and read the headlines “MOYES QUITS”
It wouldn’t be the first time a manager walks after not being backed by the board? Isn’t that why Royle left? After being refused the money to buy two players? I can’t remember the player names.
770 Posted 03/01/2013 at 03:21:26
Should Moyes get his 20m, he'd be getting Bosmans in in the summer, and we'd need a hell of a lot of new players if we expected to compete in the ECL and remain a force in the EPL. Every player in the 25 man squad for the EPL would need to be match ready - at the moment you'd only call 15-16 ready. That's not enough to fight two fronts.
772 Posted 03/01/2013 at 03:38:13
774 Posted 03/01/2013 at 04:22:33
782 Posted 03/01/2013 at 07:27:59
My understanding was that looking to the left was to do with recall and to the right, creation.
In other words if BK looks left he's remembering what to say and if he looks right he's making up something.
Having said that, he could be remembering the right lie.. I think a good rule is, if they look away they generally are adding something to the thought that requires some degree of concentration.
800 Posted 03/01/2013 at 10:22:49
802 Posted 03/01/2013 at 10:37:42
804 Posted 03/01/2013 at 10:45:08
806 Posted 03/01/2013 at 10:53:24
20 million quid eh? I don't know what Moyesey would do with it but I'd sign Butland and Holtby like a shot.
821 Posted 03/01/2013 at 11:52:18
827 Posted 03/01/2013 at 12:40:44
835 Posted 03/01/2013 at 13:06:50
After all these years, we shouldn't be begging them (probably Kenwright) or quietly threatening them (Moyes) or urging them (us!) to spend some money. They should have spent it already and WRITTEN THE FUCKING DEBT OFF!
Also, I don't blame Kenwright for all of this. It's the people with the deep pockets and short arms that are holding us back. The money men control the direction of the club not the figure head, he's just there to take the brunt of the waves of unrest.
843 Posted 03/01/2013 at 13:41:52
844 Posted 03/01/2013 at 13:48:38
849 Posted 03/01/2013 at 13:52:37
On another note I really don't understand our continued and increasing losses. We have a tiny squad that has been in Premiership for years and has for the last decade done pretty well in cups and league. Is it just that goodison park does not bring in enough revenue compared to the bigger clubs...or is it sponsorship and global presence. Or is it poor club management? Probably a bit of them all I guess.
850 Posted 03/01/2013 at 14:01:22
Wasn't it Torre Andre Flo?
856 Posted 03/01/2013 at 14:12:37
This will not happen of course because it's all about power. The current owners are not prepared to dilute their shares.
They could also have a share issue and purchase the shares themselves. Oh no, Bill doesn't have a penny to purchase any new shares. Hence loss of power. Therefore, will not happen.
Even Peter Johnson had a share issue to raise money.
862 Posted 03/01/2013 at 14:21:32
I also don't agree with the fact that we should immediately borrow against the future (higher) TV revenue and splash the cash now as 'it our last opportunity' to break into the CL. Mortgaging our future income to the hilt is exactly what got us into this mess in the first place, having borrowed against our gate receipts for about 30 years back in around 2002, the quasi sale and lease back of our training ground etc, so panic buying in the Jan window does not seem to be the most sensilbe thing to do. Maybe this could be something for the summer when i) there is more time to consider who to buy and do the deal, ii) the question of who the manager is has been taken care of, iii) contract talks with other players have been finalised, iv) we know where we finished in the league and can consider whether we're in Europe or not.
If you look at our last financial accounts (published a week ago), you'll see that we made a loss of 9m for the year 2011/2012, on top of the loss of 5m from the previous year. These losses would have been even higher if you take out the 'profit' made on the sale of Billy last year and the one off sale of the training ground the year before. Our current expenditure is far too high compared to our income and borrowing another 20m to place a massive bet on a couple of Jan transfers is too much of a gamble for me.
We need to look at the longer picture and get our accounts in order and reduce the almost 50m of debt that we have. We currently spend about 5m a year just on interest paymentst! I thinik we should use some of this windfall money to substantially reduce the debt and finally sort out youth development! Our youth development is beyond a joke - we do not have a single player in the first 11 that came through our youth system in the last 10 years ffs! (Hibbo and Osman were before that I believe). This in my mind is nothing short of ridiculous for a club our size. I cannot understand why with our supposed 'world clas' training facilities and youth academy, we have failed to consistenly produce players who can make it into the first team. I don't expect a Rooney every year but surely one player every 2-3 years, who is good enough for the first team, is not too much to ask for?
Sorting out the financial side of the club will also make it much easier to sell - assuming the board are actually interested in selling for a realistic price, which does not seem to be the case.
Anyway, we'll see what happens in Jan - as previously mentioned, Moyes should sell Jonny if he wants some cash, and reinvest this in 1 or two new faces. A CM and cover CB would be my priority.
866 Posted 03/01/2013 at 15:03:00
End of story.
869 Posted 03/01/2013 at 15:33:20
for Champions League so I say roll the dice and gamble..Whats the worst that could happen.Its not as if we have anything to lose.Sooner fall flat on my face trying than tread water for eternity..
883 Posted 03/01/2013 at 16:06:53
885 Posted 03/01/2013 at 15:25:02
Yes, the story goes that in late 1993 Kendall wanted to sign Dublin but the board refused (allegedly because of the colour of his skin or because Kendall's drinking was getting out of hand and they wanted him out anyway)
Tore Andre Flo was Spring 1997 when the Johnson regime refused to let Joe Royle buy the Norwegian and Big Joe walked.
891 Posted 03/01/2013 at 16:18:59
If Barcelona can do it, then so can Everton! At least with an ownership share there could be a seat at the boardroom.
Then the current pathetic commercial side of the club could be overhauled to provide a decent revenue stream for the club.
894 Posted 03/01/2013 at 16:28:23
Taking a while but these things don't happen overnight. This group is set up to try and purchase the assetts of the club rather than the business.
A better model than the Barcelona one in my opinion.
906 Posted 03/01/2013 at 16:35:42
Spot on, gents... After seeing our accounts for the last year of £9 million losses... Would this mean if we stand still, We would see a £10 million profit next year ?
For me, I can't see Moyes being at the club in the summer, unless I am missing something or there is something going on behind the scenes we don't know about.
912 Posted 03/01/2013 at 16:45:18
915 Posted 03/01/2013 at 16:54:14
947 Posted 03/01/2013 at 18:05:04
Grantchester and the others won't touch him with a bargepole, because he's a pretentious no-mark-cum-shyster who nicked the club in the first place, and who's hocked the club to the hilt etc etc... ad infinitum!
Simple as.... THEY WANT KENWRIGHT OUT!
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