The Mail Bag
Budgets
Comments (49)
As my bank manager will confirm, I know nothing about organising money. This then is a plea for sensible information: at some stage each year, Financial Geniuses at Everton must sit down and work out the figures.
Do they assume we'll get fifth place and a cup final appearance in assessing income? I doubt it somehow. Surely it would be insane to do so.
If they work on the basis that we'll finish 17th and go out in the 3rd round, they won't get caught out.
So, where is the surplus? Are they salting it away for Kirkby? Are they paying off debt ahead of ourselves?
Would we have gone bust had we not have achieved such positions? What's the real story?
Mike McLean, Posted 10/08/2009 at 18:47:44
Comments
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2 Posted 11/08/2009 at 06:04:01
Feel free to read the clubs financial reports. This takes the guesswork out of it:
http://www.evertonfc.com/assets/_files/documents/dec_06/efc__1165920924_EFC_Report_and_Accounts_2006.pdf
http://www.evertonfc.com/assets/_files/documents/jan_08/efc__1199722913_Report_and_Accounts.pdf
http://www.evertonfc.com/assets/_files/documents/dec_08/efc__1229522006_EFC_Report_and_Account_2008.pdf
I am the same as you, certainly no financial whizz kid either. My interpretation is that the club are operating right at the edge of the financial envelope. There is no doubt in my mind that we could secure more funds, due to the fact that we have our secure ’equity’ in the players values.
But unless those newly funded players guarantee increased revenue, then will you end up like Portsmouth, West Ham or in the worst case, Leeds. You have to sell players, to pay back the banks.
I believe this is the reason we are investing in youth, to try and make money. Not necessarily to build up the first team, but use it as an extra revenue source as we are on the limit of our financial capability. The same logic also applies for DK.
3 Posted 11/08/2009 at 07:54:49
The lot of them are bullshitters and despite all this we intend to fund how many Millions for a spanking new ground, it’s like a fucking carry on film, you could not make it up and sooner or later the shit will hit the fan if something does not change soon.
4 Posted 11/08/2009 at 08:06:57
5 Posted 11/08/2009 at 08:19:49
6 Posted 11/08/2009 at 08:58:29
7 Posted 11/08/2009 at 09:14:22
If things really are this dire, then Pauls question becomes all the more pertinent, why are the club making promises, to the fans, they know they have no chance of keeping ?
Talk about biting the hand that feed you
8 Posted 11/08/2009 at 09:27:27
We have lost players from the squad and finished above 10th and progressed in the FA cup, so we’ve earnt more than what was budgeted for yet we are potless. How so?
If we can’t make profits finishing 5th, with a small squad and reaching the final of the cup then other clubs are running at a loss aswell so how come they can all outspend us? Bolton have a smaller capacity than us, make less from merchandise sales, have a similar wage structure to us and do not have a wealthy backer yet they have spent more money than us this summer. How come we’re so skint?
9 Posted 11/08/2009 at 09:58:15
Anybody got a time machine?
10 Posted 11/08/2009 at 10:00:13
11 Posted 11/08/2009 at 10:05:24
Not signing Stephen Hunt is like a new signing!
What the fúck were you thinking Moyes!
12 Posted 11/08/2009 at 10:07:15
13 Posted 11/08/2009 at 09:54:29
"Why are the club making promises, to the fans, they know they have no chance of keeping?"
Sorry mate but you’re making the mistake of applying logic to the decisions made by a bunch of people who simply don’t recognise the concept.
In my opinion, the ’comfort zone’ for those who run Everton is confusion, chaos, murky water, etc.
I really believe it is club policy to always keep things confused.
EG:
Moyes in May "We want to get everytone signed early!"
Carter in June: "I’m really excited about the potential new signings"
Us IN August: "Eh!?"
It seems EVERYTHING we do is done like this.
As I have stated (here) before, I would love it if Everton’s policy was say nothing...EVER, until it has happened.
Of course we might have a few saying that would be ’being ’kept in the dark’, but that has to be better than what we have right now - being kept in the dark..and poked with a sharp stick every hour.
14 Posted 11/08/2009 at 10:24:41
-----------------------
There’s something welcoming about a sharp stick it the eye...compared to this shit.
15 Posted 11/08/2009 at 09:58:29
1. Boaz Myhill
2. Nathan Doyle
3. Andy Dawson
4. Ian Ashbee
5. Anthony Gardner
6. Michael Turner
7. Craig Fagan
8. Nick Barmby
9. Jozy Altidore
10. Deiberson Maurício Geovanni Gomez
11. Bryan Hughes
12. Matt Duke
14. Richard Garcia
15. Bernard Mendy
16. Péter Halmosi
17. Kevin Kilbane
18. Caleb Folan
19. Steven Mouyokolo
20. George Boateng
22. Dean Marney
24. Kamil Zayatte
25. Daniel Cousin
26. Tony Warner
27. Nicky Featherstone
31. Will Atkinson
33. Jimmy Bullard
35. Liam Cooper
36. Jamie Devitt
39. Steve Gardner
40. Ryan Kendall
44. Seyi Olofinjana
45. Tom Cairney
This ours:
1 Carlo Nash
12 Iain Turner
24 Tim Howard
2 Tony Hibbert
3 Leighton Baines
4 Joseph Yobo
5 Joleon Lescott
6 Phil Jagielka
26 Jack Rodwell
31 Seamus Coleman
10 Mikel Arteta
17 Tim Cahill
18 Phil Neville
20 Steven Pienaar
21 Leon Osman
25 Marouane Fellaini
19 Dan Gosling
38 James Wallace
8 Louis Saha
11 Jô
14 James Vaughan
22 Aiyegbeni Yakubu
28 Victor Anichebe
27 Lukas Jutkiewicz
35 Kieran Agard
37 Jose Baxter
I think its ridiculous to say that Hull can offer more than us. I’d bet that Yakubu, Arteta, Cahill, Jo, Yobo and Howard alone cost more in wages than their whole squad. They have about an extra 20 million to play with this year, due to the TV rights and Premiership final position money.
16 Posted 11/08/2009 at 09:55:11
There are two sides here. The frustrated and the eternal optimists. I can understand points from both sides.
I don’t want to bore everyone with the same old quotes but suffice to say we were led to believe we had enough money to go and get a few players in early doors. It’s August with less than a week to kick off and we’re still waiting!!! All this talk about waiting for the sky cheque to clear (if true) contradicts what we were told as the money isn’t received until August and if this is what the board intended to use as a transfer budget we have been blatantly lied to as August isn’t "getting them in early"
On the other side you have people saying trust the manager, players will be signed, we bid for Naughton so we must have some cash etc etc. I agree that players will be brought in and I do trust Moyes to make the right signings.
This is what I keep telling myself. Maybe I’m naieve and mistaken but it will keep me sane until September 1st.
We have money to spend but how much is anybodys guess and I think the players we bring in will depend on their club accepting installments as opposed to cash up front. We don’t look for top players from the top clubs, we look at the best players at clubs from similar or worse positions than ourselves who we hope understand our financial plight and will accept spread payments, and that the player will see us as a progression in his career.
The first player we went for was an English forward thinking right back with obvious potential. A position we all know is imperative we strenghthen. We never signed him because Spurs have more money. It’s a pain in the arse, but it’s done, so we move on.
We spoke to Elm and Senderos and have heard nothing since. Arsenal are umming and arring over the fee apparently and Elm is still undecided.
I think both players will sign, but I think the reason we are still waiting is because DM is waiting on another player, an expensive signing. I honestly believe we will spend the best part of £10 million on one player (I am sober) Once he gets this player a couple of others will quickly follow. Who? Fuck knows. Add to these 3, a loan and a bosman and the squad suddenly looks stronger. Where is the money coming from? Debt. Same as everybody else. Not ideal but it’s our only option at the moment.
Soon we will have a decision on DK and the transfer window will be closed. Hands on hearts, nobody wants the stadium to get the go ahead and the board surely know this. So after last seasons moderate success are they going to spend a paltry couple of million and then tell us to pack our bags for Kirkby? I’d hate to think so.
It’s a massive season ahead on and off the pitch. They’ve let us down and lied to us on more occasions than I care to remember. Let’s hope they do the right thing and give him the money to have a go at taking that final step of winning a trophy and getting our hands on a top 4/ champions league group stage place and the money that comes with it. If not, we might not get a better chance and the best squad we have had in a long time that’s took years to assemble will dissolve quicker than an aspirin!
17 Posted 11/08/2009 at 10:42:59
The fact is though, that whatever our emotional attachments to Goodison, the current facilities are outdated and inadequate. That’s a situation that’s going to take a lot of money to remedy, regardless of whether the club relocate or redevelop. I don’t know whether they are or not, but it would hardly be surprising if the club was setting some money aside for that eventuality.
18 Posted 11/08/2009 at 10:44:54
I thought the idea behind Kirkby was to generate more revenue to buy players, is that not what its all about ?
Surely you are not suggesting we using the money that would have been used to buy players to fund Kirkby ?
Its all making sense now. Kirkby will be paid for in less than 25 years after that we’ll have an extra FIVE million . . every single season
19 Posted 11/08/2009 at 11:41:24
Aiden, we’ve debated and debated about facilities and ground moves. I don’t really want to get into all that again. I’m just asking whether Dodd knows something the rest of us don’t. If the club are ringfencing money then it would explain why Hull are outspending us this summer. Why do the club then fill our heads with bullshit about bringing players in early when they know full well they’re saving all their money for Kirkby. I still don’t get the logic of having a shit team in a good stadium (although if we go to Kirkby it will be a shit team in a shit stadium). Build a good team and surely the rest will follow. Cracking the top 4 would bring in more revenue for a stadium move and makes us far more attractive to an investor. As far as I know the decision on Kirkby will not be made until November so all profit should be given to Moyes to reinvest in the team.
Fuck me Peter, I got absolutely slated on here last week for suggesting Lescott wanted out! It turns out I was right.
20 Posted 11/08/2009 at 11:44:44
Some work carried out by a Toon supporter last year highlighting Newcastle’s problem with their salary levels researched the Premier League salaries. Interesting reading .
Top Payers
Chelsea - £114m
Man U - £85m
Arsenal - £83m
Liverpool - £69m
Newcastle - £52m
Spurs - £41m
Aston Villa - £39m
Everton - £37m
Man City - £34m
Blackburn - £34m
Not too bad when one looks at the total BUT see below
The real interesting facts -
(i) they listed the Top 70 earners and we have 1 player in that list in 58th place - Joleyn Lescott with a salary of £35k/wk
(ii) Top salary earners for the other Top 10 teams
Chelsea - £115k/wk
Man U - £115k/wk
Arsenal - £75k/wk
Liverpool - £115k/wk
Newcastle - £75k/wk
Spurs - £60k/wk
Aston Villa - £50k/wk
Everton - £35k/wk
Man City - £85k/wk
Blackburn - no player in Top 70
Portsmouth - £50k/wk
West Ham - £75k/wk
Sunderland - £50k/wk
Wigan - £30k/wk
What this tells us is that our excellent team spirit comes from the fact that we have a squad all being paid roughly the same, no prima donna’s being paid fortunes and not contributing. What it also tells us is that the biggest obstacle I believe Moyes is faced is that Top quality Premier League, CL players just wont come to us .
We rely on the born again Sahas, Pienaars , the lesser European players, Arteta, Fellainis and the Championship goodies, Lescott, Jags and hope to hell Moyes turns them into world beaters — which he’s pretty good at doing.
21 Posted 11/08/2009 at 12:14:01
And I’d be very surprised if Lescott is our top earner... Where exactly did this info come from - I’d question it’s veracity.
22 Posted 11/08/2009 at 12:20:10
I delibrately left Owen out as he was a complete one off — miles ahead of everyone else at Newcastle.
It was from
www.trophy4toon.co.uk/salaries.html
23 Posted 11/08/2009 at 12:06:51
Now it seems we are resigned to having to accept a bid we have already rejected, or we are stuck with a player that doesn’t want to be here. In any case, we have 4 days to find someone to play alongside Yobo. I do agree, we cant play him on Saturday. City hold all the aces now....
24 Posted 11/08/2009 at 12:24:15
His disclaimer on the site reads "no responsibility is accepted for inaccuracy."
25 Posted 11/08/2009 at 12:28:00
I hope we sell him and put all the money into the Kirkby project!
26 Posted 11/08/2009 at 12:31:56
Now that he has put his request in let him go, how could he possibly do this to the club and the fans knowing full well that we’re so short of cover for his position shows total disregard to all of us. He probably makes himself feel better thinking ’well they have made a stonking great profit on me’ mercenary git. I have no quams about him leaving next year after Moyes has been given the chance to find a replacement, but if he cared about any of the fans who cheered his every touch of the ball the other night he would have given us another year. Get the money Davey and do as you will.
There may be one shining light from this, Everton are a team that when facing a challenge tend to come together even more and this my improve our team spirit, not break it. COYB
27 Posted 11/08/2009 at 12:41:57
My main hope now is Lescott loses his world cup place but at least he’ll be able to spend his money on a nice holiday next summer instead. He’s probably not been able to afford one this year earning only 40K a week.
28 Posted 11/08/2009 at 12:49:52
He’s an employee who wants to make the best for himself and sees City as a way of breaking into the top 4 and being paid bucket loads of cash trying to get there. Everton have bought no-one this summer, even after all the noise coming from BK at the begining of the window. So where’s the ambition. We are in no position to attract or keep our quality players if City come calling..
The only reason he hasn’t submitted a transfer request sooner, is because he’s not entitled to any of the Fee if he makes a request to be sold.
Good luck to him and we should use the money to strenghten with a right sided player and another right back.
29 Posted 11/08/2009 at 12:58:42
He’s simply chasing the money. The club don’t want him to go, otherwise we’d be reading about Everton "reluctantly accepting Lescott’s request" on the OS.
30 Posted 11/08/2009 at 12:54:34
When all’s said & done our income is way less than many of our competitors. If we were left to rely on income outside of Sky then we’d be dead. Our attendances are 9th or 10th highest, our season tickets and admission prices are roughly the same, at best, our match-day spend is low and there’s no waiting list for anything at Goodison.
What we have done in recent years is consolidate the gems that we do have (Arteta, Lescott, Howard, Neville, etc) on longer and more lucrative contracts. This has pushed our financial resources to the brink.
The reality os there’s a food chain. Decades back we used to live near the front of it. Not any more. Perversely the biggest challenge for a club like Everton, who excel in taking players with potential or something to prove and adding great value to them, is that every player who develops really well becomes an instant target for clubs with more cash to spare.
Arsenal and Man Utd are the only wealthy clubs in the EPL that operate as businesses. Chelsea, City and Villa all receive benefits from owners that override their "real" income. Personally I think this should be outlawed in the interests of sport and spectators. Clearly fans of clubs with spare cash may disagree.
But hard as it is to swallow, we are now merely a middle-sized football club, and one with legacy debt stretching back many years, and therefore at te mercy of those further up the food/gravy/money chain.
It’s deeply sad that Lescott has handed in a written request at this point, after Kenwright made it clear he is not for sale. This puts Everton in a dreadful position. I’d hoped he might knuckle down and crack on, but in truth I don’t blame him. FAct is Mark Hughes is pulling Lescott’s strings as can easily be seen from his most recent comments, "we’ll see" etc. He clearly doesn’t give a fuck that Everton’s chairman read the riot act to City last week.
City are grotesque. They represent the obscene one-track philosophy that has insidiously eaten away at our sport for years now. I hope they eat themselves and vomit on the consequences.
As for Lescott, if it were left to me I’d tell City it will take £30m, but already line up a deal for Michael Turner at Hull for £8 - 10m. Then use the rest to get Moutinho or Defour for about £15m and another good squad player for £5m.
Shit happens, we move on.
31 Posted 11/08/2009 at 13:11:29
The question Lescott should be asking is, will he stay in the team if he has a few dodgy games like he did for us last season. I doubt it and Capello may look elsewhere.
Now that would be an irony.
32 Posted 11/08/2009 at 13:07:59
Our need is very different. We want to break into the top four next season. If we don’t there is no immediate financial penalty, as we have a wage structure designed for lower finishes. Consequently, the club would need to break its wage structure to bring in players of CL quality, and we know the owners of the club will not take the risk. Yes, it represents a lack of ambition. But it is a lack of ambition borne out by the absence of investment from the club’s owners.
Is anyone really serious about Stephen Hunt? When people were raving about him in January I watched a couple of games and he reminded me of a head-less chicken. He may be a marginal improvement over Ossie but he is not anywhere in the same league as Arteta, Pienaar and Fellaini. So Hull are welcome to him.
33 Posted 11/08/2009 at 13:02:28
I expect any player that plays for our club to show some respect to the fans at least. You know, those people that pay his wages. I don’t for one second think that Moyes is making him stay just to be a control freak. The simple fact is, we have only one other fit centre half. To leave us in this situation considering it was this club that made him the star he is, makes him a tosser in my book. I couldnt give a flying fuck what anyone else thinks. I care about Everton, and Everton players who respect and feel honoured to play for this club.
34 Posted 11/08/2009 at 13:23:25
----------------------------------
Duncan,
That’s not even close to what I said.
35 Posted 11/08/2009 at 13:37:20
36 Posted 11/08/2009 at 14:05:51
If you opt for the better wages, one of the prices you pay is the company you have left in the lurch will probably call you a disloyal tosser.
If Lescot is merely an employer then he shouldnt be excempt from the usual flack aimed at ship jumpers.
It may occasionally break his concentration when he counts his wages . . .but I’m sure he’ll soldier on
37 Posted 11/08/2009 at 14:47:59
Kirwin, you’re right, this whole Lescott transfer is so fucking depressing. Again, it just highlights how ruined football is when our top player puts in a transfer request to go to Man City. Man City used to be the grave yard club where all our old players went once we’d had their best years.
38 Posted 11/08/2009 at 15:00:56
Would that same company have the right to call him a ’disloyal tosser’ if they were undervaluing and underpaying him - according to the market conditions?
Effectively Lescott’s worth is now beyond what we can afford to pay him. That’s the bottom line...People can call him a tosser all they like for merely looking to exercise his options- it’s their prerogative - it’s also my prerogative to state how childish it is...it’s is akin to spitting one’s dummy out of the proverbial pram.
On a lighter note...I’d also like to know how many people have been called a ’disloyal tosser’ by former employers!
39 Posted 11/08/2009 at 15:04:17
So what’s the depression about?
40 Posted 11/08/2009 at 15:26:00
That defines the problem herein. If Man City didn’t have Goldfinger behind the scenes underwriting everything, as opposed to living within their means like Man Utd, Arsenal etc, then chances are this whole episode may not have happened.
Sure, there will always be a food chain, but situations like the one at City are a grotesque distortion of everything. It’s Harlem Globetrotters. I may be old fashioned in this sense, but I yearn for some semblance of a level playing field where clubs have to operate within sensible (and sporting) limits.
The level of greed within football is killing the game as a competitive sport. To quantify that, look in Germany where they have the biggest attendances of all major leagues, often averaging over 50,000 per weekend, and where in the past 2 seasons 7 different teams have filled the top 4 places. OK, they’re not doing much in the CL at present, but their football is exciting & the fans have voted where it counts.
I have no time for the greed & hypocrisy that runs our game. That’s why I prefer new rules in the interests of the game, rather than simply a billionaire for Everton. Maybe I can’t beat them, but I have no desire whatsoever to join them.
That said, our strategy now should be exactly as you outlined. Get bids in & accepted for a new CB and RB, RM. One assumes, and hopes, that Messrs Moyes, Kenwroght and Elstone do not have all eggs in one basket and plan B is gathering pace behind scenes.
41 Posted 11/08/2009 at 18:15:04
Lescott and his agent were never going to stay put and they have been keeping quiet in the hope of Moyes caving in and thus keeping their signing on fee/loyalty bonus etc. Moyes has been stubborn so in the end Lescott and his agent have thought ’stuff it’ we will have to force the issue and forgoe the extra dosh.
Moyes could have made life slightly easier for himself and let him go for £20-25mill and given him more time to find a replacement. Instead hes gonna either have a pissed off player on his hands (remember how shit lescott was when he was forced to play left back last season) and we will probably end up buying Davie Wier back as a stop gap.
Despite all the badge kissing and clenched fists, footballers dont give a toss about the clubs they play for and I dont know why anyone is surprised at the situation. A club as deep in debt as Everton is cannot hope to keep decent players because we simply cannot afford the wages.
42 Posted 11/08/2009 at 18:24:03
We need 4 players bringing in if Lescott goes.
2 CB’s, 1 Central midfielder & 1 right midfielder.
I expect 1 possibly 2 if Moyes can be bothered to do more than 1 deal at a time.
BK and the board have failed the fans once again. If we dont sign anybody of significance this will be my last year as a season ticket holder, i certainly wont be taking up the early bird offer next season.
43 Posted 11/08/2009 at 19:06:32
City havent just altered the dynamics of the league they have created a new one, one in which only they can operate, its the Lescots and the Toure’s today, but if that doesnt work, it will be the Ferdinands and the Gerrards tomorrow
I’m desperately unhappy with the financial situation at Everton, but to my mind our club is completely blameless here,
A kirwin is rig . . is righ . .is corre. . .
Alan Kirwin isnt wrong this time, what Lescot is worth and what City are prepared to pay are two entirely different things
44 Posted 11/08/2009 at 20:15:27
I once told my boss - a notorious hard man -I was going to work for a rival company.
He completely lost it, and made a lunge for me, I ran out and jumped on me bike and thought I’d got away, but the bastard had given chase, he caught me by surprise on Stanley Rd at Bank Hall station, he decided me and the bike were going over the fucken wall, luckily enough I got free but he still threw my bike over, he was gasping for air but still seething "you ungrateful little bastard" he growled.
What seemed like about 10 minutes later we heard the bike smash to the floor. I took off like a bat out of hell
He came around to me Mams house about a week later, but I was out, he left me a new - newer - bike, and the wages he owed me.
Wonder if the current employment laws cover that sort of thing ?
Lescot doesnt know he’s born
45 Posted 11/08/2009 at 22:39:31
It may be a cliche, but it’s also a truism...Lescott is worth what someone’s prepared to pay for him at any given time. I don’t think that can be disputed.
Great story though....should’ve sent him a letter instead.
46 Posted 12/08/2009 at 06:34:43
These Arabs no nothing about football , they would have paid 1/4 of a million quid a week for J Terry, does that mean he is worth that ?
And what if that deal went through, but in two months time, Terry decided he was unhappy and asked to move on , will he still be worth 1/4 of a mill a week ? he would be very lucky to get the 100 grand a week
His value will have doubled and then halved again in the space of 2 months.
City are playing Monopoly, I cant agree the amount of money they are prepared to pay a player represents his "true worth"
47 Posted 12/08/2009 at 08:33:18
I agree with the point you’re making - that prices are clearly inflated for certain targets....but at the end of the day that’s still the price they’re willing to pay..
And I think you misunderstood me, if yu think I blame the club or all this...the only ones to blame for initiating this saga are city...
However, I’m simply of the opinion that we could have acquitted ourselves better...and I’m also worried that Moyes is going to dig his heels in our this - which could be completely counterproductive. The time for principles was over as soon as he handed in that transfer request.
48 Posted 12/08/2009 at 09:19:55
I’ve said on another thread that I think Moyes has painted himself into a corner here.
It would be interesting to get the facts here. Did he hand in his request yesterday ?. If he handed it in before then, why have the club chosen to make it public now ?
Incredible
49 Posted 12/08/2009 at 09:09:03
We need investment so how come these money people aren't interested in EFC. It's getting very close to D-Day for you and your board BK, if you want to keep the little support you have, you need to start being a lot more open and honest with the people who love our club as much as you say you do. Not that BK or any one from the club will read this or even care if they do.
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1 Posted 11/08/2009 at 05:36:44