Everton's accounts for the financial year ending June 2021 were released on Tuesday afternoon, and they show losses of £120.9M on turnover of £193.1M, which is the highest in club history.
That follows a record loss of £139.8M in 2020 and a further £111.8M in 2019, with losses totalling £395.4M over the past four seasons.
Losses of at least £170M are attributed to the impact on the club of the Covid-19 pandemic, with £103M of that figure coming in the 2020-21 financial year.
Wages rose from £164.8M to £182.6M, pushing the club's wages-to-turnover ratio up from an already-high 89% in 2019-20 to 95% in 2020-21.
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Only a financial injection in the form of two share issues by Moshiri — of £100M in 2020-21, and a further issue of £97M in January of this year — has stabilised the club's finances, with Everton reporting current net debt of £58M.
That rose from £2.8M year-on-year, and shows the impact of Covid-19 and related issues, a “unique set of circumstances” according to Everton, on the Blues' finances, with officials calculating the overall cost of the pandemic to be between £170M-£220M.
As reported earlier this month, the club has remained in constant dialogue with the Premier League regarding its standing vis-a-vis Profit and Sustainability limits and Everton's statement today insisted that the latest accounts are compliant with the League's regulations because of losses attributed to the pandemic, continued investment in the new stadium at Bramley-Moore Dock, Everton's women's team, and Everton in the Community.
It means that despite large losses, the club falls below the £105M threshold of allowable losses set by the Premier League.
Reader Comments (126)
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1 Posted 29/03/2022 at 17:55:33
2 Posted 29/03/2022 at 17:57:03
3 Posted 29/03/2022 at 18:19:02
Some key points from Everton's accounts...
* A loss of £120.9m to 30 June 2021
* Debt risen from £2.3m to £58.7m
* Wage bill up from £165m to £182m
The starkest aspect, though, is the reliance on Farhad Moshiri's involvement. He is absolutely crucial to financial health
Paul the Esk has stated he will only comment once he has looked at the accounts in depth.
I tend to agree with Dominic King, Moshiri and perhaps his friend the chairman aren't going anywhere, anytime soon. Let's hope he does stay to finish what he started, with regards to the new ground, as long as he doesn't manage to destroy the club before the stadium at Bramley-Moore Dock opens.
4 Posted 29/03/2022 at 18:25:53
5 Posted 29/03/2022 at 18:37:52
6 Posted 29/03/2022 at 19:15:07
7 Posted 29/03/2022 at 19:15:47
It's almost unbelievable, but sadly true!
8 Posted 29/03/2022 at 19:16:27
Approaching £400 million in losses only a few years. Staggering. Made even more remarkable by how dreadful we are on the pitch after spunking such an obscene amount of money.
£400 million up the spout on relegation bait. With a burn rate like that, you'd need a cash equivalent of Germany's GDP for a crack at the top half; the whole Eurozone combined GDP and we could be playing Europa League football.
It really gives you an insight into the vast scale of the incompetence. Without some major changes to how this club operates on a day-to-day basis, you fear our days are numbered, even if the players do pull themselves out of the soup this season.
There would be professional Russian roulette players with brighter prospects than us today. This isn't remotely sustainable.
9 Posted 29/03/2022 at 19:22:44
10 Posted 29/03/2022 at 19:25:08
I think I've found him in action...
11 Posted 29/03/2022 at 19:29:08
£182 million worth of shite to clear out of the stables; a task that would be beyond Herculean. I hope the new Bramley-Moore Tesco with monster kiddies sandpit/play area is a huge success.
12 Posted 29/03/2022 at 19:30:40
We have been mismanaged but most of the Premier League are making losses. It is unsustainable.
13 Posted 29/03/2022 at 19:40:30
In October 2020, there was a report saying Everton lost £559,000 in matchday revenue per game during lockdown. Even if that included away games (which I assume it doesn't) and every single game of a 38-game season was behind closed doors (which they weren't) that would amount to £21 million. So what was the other loss?
Let me guess... if it wasn't for Covid, then James's calf would have healed quicker, we'd have won the treble, qualified for the Champions League, and attracted £50 million in new sponsorship deals.
The books just seem completely fictitious. Even with wages, it makes no sense. If we had 25 players on £92,000 a week, that would amount to £120 million. But if we lost £120 million on revenue of £200 million, then what the hell did we spend all the revenue on?
14 Posted 29/03/2022 at 19:49:17
Unfortunately, I don't think it will end well for the club and the supporters.
We've bitten off more than we can chew.
15 Posted 29/03/2022 at 19:53:50
16 Posted 29/03/2022 at 20:03:49
17 Posted 29/03/2022 at 20:05:33
Let's be frank, we deserve to be relegated, deserve FFP points deduction, what we don't deserve is this board, such unchecked incompetence can only end very badly. How would Everton do it, Bill?
18 Posted 29/03/2022 at 20:07:44
19 Posted 29/03/2022 at 20:13:28
20 Posted 29/03/2022 at 20:14:22
Four years of losses in a row totalling about £600m. Was this just what we spent on player purchases, agents fees etc, or am I missing something?
I don't understand how our losses are so large.
21 Posted 29/03/2022 at 20:24:15
22 Posted 29/03/2022 at 20:31:22
"Everton are still waiting for the right partnership opportunity to come along as they remain the only Premier League side without a shirt sleeve sponsor currently.
23 Posted 29/03/2022 at 20:35:15
24 Posted 29/03/2022 at 20:39:26
25 Posted 29/03/2022 at 20:59:17
26 Posted 29/03/2022 at 21:00:07
27 Posted 29/03/2022 at 21:30:06
28 Posted 29/03/2022 at 21:34:39
29 Posted 29/03/2022 at 21:36:45
30 Posted 29/03/2022 at 21:43:49
people like Tosun, Delph and Sigurdsson?
31 Posted 29/03/2022 at 21:45:43
32 Posted 29/03/2022 at 21:47:40
I blame one person, The People's Club champion. Yes Moshiri has Been an absolute disaster, but remember who brought him in.
The squad is horrendous in quality, on ludicrous wages, the club is sinking fast. Forget the stadium, we will never play in it.
33 Posted 29/03/2022 at 21:49:15
34 Posted 29/03/2022 at 21:49:27
Everton have not had a sleeve sponsor since 2020, the last one was angry birds the contract was from 2017/2020 for 3m, hardly a figure to get exited about, even Blue Bill will have that much in his sock draw
35 Posted 29/03/2022 at 21:49:49
I think the 70% limit on wages in relation to income is to be phased in over a few years, and I'm uncertain if that is strictly for European contenders or whether the Premier League are also committed to similar restrictions.
36 Posted 29/03/2022 at 21:55:01
37 Posted 29/03/2022 at 21:57:38
38 Posted 29/03/2022 at 21:57:41
39 Posted 29/03/2022 at 22:06:40
Every days a good day and is what you make of it, but God forbid if Everton dont stay up this season.
The what seems the annual scramble to cook, the books, every year, Is a good example of how to run a business to its knees.
Charles Dickens, well hed have written some novel on the demise of a once great football club.
Despicable how the board, well is it in business terms an active board, or is it a dormant, board, that effectively does not work, or rarely works as a business unit?
No one really knows, what goes on at the Liver Building.
Focusing only on the matches and what comes next but God knows how the board sleep at night.
The football has been rank, generally for most of this season, and augmented by a board with seemingly by factual evidence, no business strategy, how Everton are getting by, is remarkable.
Once it gets down to road kill and chips at Finch Farm, there wont be many coaches and managers left a Finch Farm.
Joking aside, this demise of Everton, is worthy of a Biblical tale..
40 Posted 29/03/2022 at 22:42:12
41 Posted 29/03/2022 at 00:02:44
42 Posted 29/03/2022 at 00:02:47
His attempts at further change met resistance. The internal management wages is effectively ring-fenced through repeated loses. There is rarely any accountability, bar a few scapegoats, who may be reappointed. The Strategic Review is to maintain this gravy train, with no consideration of losses.
Bill has earned his corn by being able to bullshit the Premier League authorities, avoiding penalties, but they will have set conditions. Moshiri will probably avoid sanctions fallout. The new stadium at Bramley-Moore Dock probably saved him and the fact he may be able to get money to finish it. The Premier Leagues authorities will hold their noses and Bill will amble on.
They really need to avoid relegation.
43 Posted 29/03/2022 at 00:08:16
We need top notch people running Everton driving for success and not accepting mediocrity.
44 Posted 30/03/2022 at 01:24:10
"We need top notch people running Everton, driving for success and not accepting mediocrity"
We do, the problem is such people need the free hand to change everything, something this club can't or won't allow. There needs to be a change of management running the club and its commercial activities (or lack of), the implementation of a "can do" culture, with better interaction with fans, shareholders and fellow employees.
The objectives may be the same but how they are achieved needs overhauling and the current management (board) needs replacing. If we are relegated this season, there is no place to hide for them, no excuse good enough, and no words will repair the damage they have collectively caused.
45 Posted 30/03/2022 at 01:33:42
46 Posted 30/03/2022 at 02:58:18
Surely we all need to accept that our club is in an awkward position. We are in a very competitive league with FFP effectively making it near impossible to do much more than gamble that we can assemble the right bunch of ‘nearly' men to do a Leicester, or match Spurs.
Man Utd and Arsenal are relatively speaking also struggling on the pitch. Why do people imagine there are obviously better people out there?
I don't think you can fault Moshiri for trying. People have too much faith that megabucks equals infallibility.
47 Posted 30/03/2022 at 03:16:07
48 Posted 30/03/2022 at 04:10:46
49 Posted 30/03/2022 at 05:12:28
50 Posted 30/03/2022 at 06:14:20
I can't think of another business vertical that runs itself in this manner and I don't profess to be an astute business person.
Even our neighbours at one point ended up on to steps of the court room hours from being wound up. Trust them to come of that one with little more than a scratch. But that's how close they apparently got.
One of the biggest disappointments is Everton's inability to build the brand. To capitalise on being one of English football's most successful clubs. That isn't the fault of the endless list of recent managers. The malaise and rot set in after we last won the league. Like our stadium, we've remained in a time warp, standing still; marking time to coin a military phrase.
As others marched on, we failed to move forward. Off the pitch as much as on it.
That is down to leadership. Or lack of it to be more precise. The uninspiring Dr David Marsh, agent Peter Johnson and Kenwright.
No ambition. No vision. No understanding of what it means to be Everton.
51 Posted 30/03/2022 at 06:32:29
A parallel can be drawn about a badly run business, which goes into liquidation, the workers lose their jobs and their livelihood, yet the real culprits, still walk away personally well off, or as millionaires !
52 Posted 30/03/2022 at 07:14:18
Maybe like all the other clubs in the league, we should be asking how would Everton do it?
Seriously that is the level of the guy who is chairman. He has to go. Then someone can come in who can make the wholesale changes that are clearly needed at our club.
Please step down, Bill, please, please, please.
53 Posted 30/03/2022 at 07:32:11
These two are like some biblical plague. What have we done to deserve this?
54 Posted 30/03/2022 at 07:45:14
55 Posted 30/03/2022 at 07:46:47
When a few people threatened to walk out for the 27 years protest and did, Everton went into overdrive regarding fan representation.
It was announced there wasn't discussion with the ESSG group regarding Board representation. They were given space at the Liver Building and then began to tweet like an extension of the club's PR department.
This is what the Board will put its effort into. They are not interested in running the club, only self-preservation.
The Strategic Review is a case in point with hometown appointments and reappointment, with no consideration of costs or effectiveness. You will only see token scapegoats.
56 Posted 30/03/2022 at 07:57:21
57 Posted 30/03/2022 at 08:15:48
58 Posted 30/03/2022 at 08:36:09
Its players such as Mina, Iwobi, Allan, Gomes who will be harder to shift and cost to replace…although Im sure Dobbin could contribute more than Iwobi.
The roosters are coming home on giving 100-120k p/w contracts to very average players and sacking managers!
59 Posted 30/03/2022 at 09:00:40
60 Posted 30/03/2022 at 09:40:27
On the other hand, it could be saying VAR still won't be doing us any favours in the penalty area.
61 Posted 30/03/2022 at 09:57:59
But now we are in a position which has completely turned the scenario of the clubs in the early 60s making money, to now were clubs like Everton are giving 89% of their income straight into players bank accounts. No industry on earth can survive paying that amount in salaries and survive.
I guess its not possible to put the genie back in the bottle, but some sort of salary cap is desperately needed, and for those who say if we introduce a salary cap we will lose our best players, well so what. These players are massively over paid, back in the 60s there wages were increased by crowd bonuses and win bonuses, but the parasites known as agents don't want any performance related pay structures.
62 Posted 30/03/2022 at 09:58:43
63 Posted 30/03/2022 at 10:18:45
64 Posted 30/03/2022 at 10:19:09
65 Posted 30/03/2022 at 10:26:37
66 Posted 30/03/2022 at 10:30:33
67 Posted 30/03/2022 at 10:39:16
These payments to the directors need highlighting with each payment pointed out and what they do to earn these vast amounts.
68 Posted 30/03/2022 at 11:08:47
The level of Covid related contributions to losses (£170 million in two years) will have been agreed with the Premier League and probably accounts for the delay in publishing the accounts. That means that FFP related penalties are unlikely unless we breech the commitments that we have made to the Premier League.
The banks are obviously taking a longer-term view on the profitability and revenue generation opportunities for the club basis the construction of a new stadium.
69 Posted 30/03/2022 at 11:29:29
What on earth does Sharp know about commercial matters and what does Denise know about running a múlti-million organisation?
She is excellent, I understand, with the charity bit but what does she know about the commercial world?
71 Posted 30/03/2022 at 11:53:07
72 Posted 30/03/2022 at 12:12:36
73 Posted 30/03/2022 at 13:15:12
I believe it revolves around the day-to-day role and function of the Board members within the company. Up until fairly recently, Everton did not have any or many executive directors with jobs for EFC Co Ltd, and so Directors' remuneration was pretty minimal.
That changed I think (from memory) since Wyness joined the board and he was on around £370k pa, which started to show up in the accounts, but went back to zero when he left ~2010.
Directors' remuneration doesn't show up again until 2014, although Elstone, then CEO, did not join the Board until 2016.
In 2017, it leapt to £1.6M, with Elstone, Ryazantsev, Barrett-Baxendale and Kieth Harris all probably getting paid salaries. In 2018, it was up to 2.5M, with the highest on £917k pa (not Kenwright, for all his sins...)
In 2019, with Brands joining the Board, it jumped again to £3.6M... £3.5M in 2020, with £1.238M the top salary. All the names listed here (except Kenwright) are executive directors with day-to-day jobs in the company.
I can't compare it to other clubs but the migration of the Board into a management committee staffed with mostly paid employees is what causes the high entries for Directors' Remuneration in the accounts.
The Chairman, Bill Kenwright, is not an executive director and does not receive any remuneration from the club.
74 Posted 30/03/2022 at 14:00:48
I think our biggest worry is when the Premier League starts prying into Moshiri's finances and his tie-up with Usmanov, that seems nailed on to happen if I'm any judge at all.
There again, someone will come along and buy the club if he is forced out, Everton FC will still be alive.
75 Posted 30/03/2022 at 14:43:16
I wish I had your confidence that someone will come along and buy Everton if Moshiri leaves or his financial ties with Usmanov has an impact. I just don't see too many people rushing to buy a club that is massively in debt and is solely reliant on its current owner's generosity to keep it afloat.
A club that has only a few saleable assets and also having to fund a new ground which today will need a further £400 million to be spent to complete the build.
And as we have seen with Derby and Sunderland, there is very little appeal in buying a very expensive football club, and probably Moshiri would want close to if not more that the £598 million he has already invested.
My guess is, if Moshiri leaves, then Everton may have to go into administration as, unlike Chelsea who are a very saleable club, we aren't and to start a new season without someone guaranteeing the debts, then administration would be the only way out.
76 Posted 30/03/2022 at 16:58:45
77 Posted 30/03/2022 at 17:13:31
78 Posted 30/03/2022 at 17:26:09
79 Posted 30/03/2022 at 17:34:51
80 Posted 30/03/2022 at 17:58:21
I thought he ran off to Madrid, Spain?
81 Posted 30/03/2022 at 18:13:59
I also cling to the hope (perhaps not morally correct?) that the best way for Usmanov to dump cash, so he doesn't lose it, is through Moshiri?
83 Posted 30/03/2022 at 18:46:41
Yes, but we are Everton shite! That still matters, doesn't it?
Okay, maybe that and a fiver will still get a decent cappuccino in some posh places but still, we are Everton!
Not going down.
84 Posted 30/03/2022 at 19:11:08
He's on his own planet, and has kidded the life out of a lot of Evertonians for years. The time for real change must come now, and our Chairman must not be allowed to peddle his shite any longer.
Everton are in a relegation battle, but Bill wants to talk about the clubs who are light years ahead of us. Fuck off, Kenwright, please.
85 Posted 30/03/2022 at 19:33:59
Let's be admirable Everton, Tony. The club that once was. Hasn't won anything in nearly 30 years. Kenwright's Everton. I'm getting more bitter on the subject. Maybe I should have done a lot sooner.
Anyway, we're halfway through the week and the optimism is beginning to kick in. London Stadium on Sunday with the potential to grab 3 valuable points.
I even got offered a ticket in the home end from one of the West Ham fans I met on the train and took to the Saddle before the home fixture earlier in the season, for those who were there. Nice touch, but I'll be amongst the blue masses. I'll try to meet them for a drink. They were a decent bunch.
86 Posted 30/03/2022 at 19:43:24
87 Posted 30/03/2022 at 19:43:59
Yes massive mistakes have been made at times and we can all see the ones on the playing field. El Ghazi, when we have 5 better wide men already, etc...
There won't be a dry eye in the house when we go to the new stadium at Bramley-Moore Dock, and it will all be down to Farhad Moshiri.
89 Posted 30/03/2022 at 20:53:51
I don't believe Benitez had to sell him and Digne for financial reasons, he had a history with James and, in my opinion, hung Digne out to dry. He sold Digne for £23M+ and signed two inexperienced fullbacks for £26M+, and Lampard signed Dele Alli?
90 Posted 30/03/2022 at 20:58:37
Man Utd home: I'm still standing.
Leicester home.: Won't you come home, Bill Kenwright
Chelsea home: He's the greatest bullshitter (dancer)
Brentford home: Didn't we almost have it all.
Palace home: Way down.
91 Posted 30/03/2022 at 21:10:16
92 Posted 30/03/2022 at 21:24:31
The man is incredible, our club have posted record losses for three years on the bounce, but Im sure someone will be ringing Bill, in the morning asking how Everton do it.
If Benitez did sign those players Christy, surely we should be pointing the finger at who okayed those signings, considering the man was on an unacceptable run? These words were also spoken by William Kenwright in the last 48 hrs.
93 Posted 30/03/2022 at 21:43:10
We are respected wherever we may go. Oh Marching down the Goodison Road, all the windows open wide. When you hear the coppers shout hey put the candles out, we are the Goodison guys.
Come on Everton. Believe as much as I do. See you Sunday. I'll be there. Please turn up Everton and be with me and the other 3000 souls as well as those watching from afar.
94 Posted 30/03/2022 at 22:08:38
If you go in the West Ham end, you may want to take the dogs in there with you. I imagine when Iwobi puts us 2-0 up their fans will turn nasty!
95 Posted 30/03/2022 at 22:36:07
And now, the end is near
And so I face the final curtain
My friends, I'll say it clear
I'll state my case of which I'm certain
I've lived a life that's full
I traveled each and every highway
But more, much more than this
I did it my way
Regrets, I've had a few
But then again, too few to mention
I did what I had to do
And saw it through without exemption
I planned each chartered course
Each careful step along the byway
But more, much more than this
I did it my way
Yes, there were times, I'm sure you knew
When I bit off more than I could chew
But through it all, when there was doubt
I ate it up and spit it out
I faced it all and I stood tall
And did it my way
I've loved, laughed and cried
I've had my fill, my share of losing
And now, as tears subside
I find it all so amusing
To think I did all that
And may I say, not in a shy way
Oh no, no, not me
I did it my way
For what is a man, what has he got
If not himself then he has not
To say all the things he truly feels
And not the words of one who kneels
The record shows, I took the blows
But I did it my way
96 Posted 30/03/2022 at 22:37:58
Good on yer, mate. I'll be up early as always, watching live from New Zealand. There are millions of us around the world. Just because we can no longer be there physically doesn't mean we're less committed.
97 Posted 30/03/2022 at 22:38:50
I am as passionate as you about the Toffees, but I have to disagree over our being respected by everyone. When I read the Pundits on Sky Sport and BBC Sport. plus match referees and the VAR, then I wonder why they seem so anti-Everton? It never was this way prior to the Premier League being formed. What are we doing wrong?
98 Posted 30/03/2022 at 22:50:49
Camus - To do is to be
Voltaire- To be is to do
**Sinatra- Scooby de dooo
You made my otherwise crappy day with that! Hope to see you on the live forum mate!
99 Posted 30/03/2022 at 00:26:44
100 Posted 31/03/2022 at 04:09:50
During this period, wages increased thanks the January splurge. Benitez, Brands and others were paid compensation (£10M) and the club would have probably finished around 16th to have a further reduced income from prize money (£15M).
Less income, more costs, and no Covid excuses to hide behind, the next set of accounts will be the ones to achieve possible point deductions. These next accounts end in June, so there is very little wriggle room.
101 Posted 31/03/2022 at 04:43:20
Apparently Everton have been running everything by the Premier League for the last year so I doubt we will see a points deduction. But what we will see:
I had a dream last night that in our next game C alvert-Lewinscored two early goals to give us a lead then my stream crashed for an hour and when it came back we'd lost 5-4. I went to ToffeeWeb where Colin Glassar was rationalizing we could still survive but before the dream ended we got relegated.
Now you can say a dream is a dream but a couple of months ago I had a dream of a Ukraine invasion, and before that I had a dream 2,000 years ago that three kings would visit a virgin in Bethlehem …: so, we are fucked!
102 Posted 31/03/2022 at 05:25:45
103 Posted 31/03/2022 at 06:11:55
I was just quoting the song Bernie. Although in my experience, our fans are very respected. Being an exile in London, we generate intrigue from other supporters. They're always interested when they discover you support Everton. But I agree, the club has no respect from the media. If I think back, even at the height of the 80s success, we were never media darlings. They seemed desperate for Tottenham to win the title in the 84-85 season as I recall.
Maybe it's that mentality thing we keep talking about. We just aren't trendy and arguably never have been.
104 Posted 31/03/2022 at 07:08:26
I cringed in disbelief when the Announcer called out, 'Tottenham Hotspur 10 - Everton 4. - I will repeat that...' and he did.
I could hear the people in the studio laughing and cheering and from then on Spurs took over from Liverpool as my most hated team. But I was upset then at the lack of sympathy for my beloved team.
105 Posted 31/03/2022 at 07:11:28
The discussion with the Premier League is regarding the accounts that have just been published. It's the next set of accounts that will probably lead to penalties imposed. This set of accounts (2021-22) will be released by the end of this year, or by March 2023 at the latest. There will be no hiding place, no covid excuse, the next set of results will be worse than the £120m losses we have just witnessed.
106 Posted 31/03/2022 at 07:31:58
I was at Ayios Nikolaos for 3 years in the mid 90s aside from a 6 month stint in Bosnia.
I played some good football out there including for the Army and Combined Services Cyprus teams. I forget their name but we played a Swedish 2nd Division outfit at Episkopi who where out on pre-season training. Good experience.
My time there is also where I listened to us stay up against Wimbledon in 1994. I hit the town (Ayia Napa) with a Sunderland friend of mine and eventually ended up asleep in the storm drain outside our house in the early hours. My neighbour and a friend who was from Aigburth and also an Evertonian found me, woke me up and we ended up sitting there talking it through until his wife shouted him back in.
It took me weeks to be forgiven for my actions that day!! Properly in the dog house.
107 Posted 31/03/2022 at 08:12:04
I was in the Irish Guards stationed in Kermia, just outside Nicosia. We were only out there for 6 months, helping to look for Grivas and his mob.
Only thing of note for me was playing for the Irish Guards against The Scots Fusiliers in a friendly on a real dustbowl; we lost 2-1 in what we classed as an Ireland v Scotland international! The Fusiliers had Alex Parker of Everton as their Captain... Memories are made of this.
108 Posted 31/03/2022 at 08:27:23
They got Rid of Rodriguez and probably halved his wages on three signings costing around £1.5 million, then Benitez has obviously engineered a great deal (in his opinion) to get rid of Digne, another of the highest earners, for £23 million.
Three consecutive managers have refused to pay a £14 million signing, who cant be any less ready than a left back, who is trying to find his feet playing in a league that is so different from anywhere else, whilst obviously having his head on matters in Ukraine.
Three consecutive managers have also refused to play another loan signing in El Ghazhi, but Everton will still be paying his wages, which is just pure gross negligence. What is the way of thinking in the Everton boardroom, right now, and who is doing that said thinking….?
109 Posted 31/03/2022 at 10:21:49
110 Posted 31/03/2022 at 15:41:37
Could anyone please give me an idea of when these good times, that I have sadly missed out on, were? Answers on a grain of rice please!
111 Posted 31/03/2022 at 15:57:41
Obviously you have severe brain fog as, under Kenwright's tenure, we saw two titles won at a packed Goodison Park on great nights in the recent past.
Unfortunately, neither of them had anything to do with football although lots of Everton scarves were on display and David Moyes was present along with Tony Bellew. Also one of them was actually a fictitious boxing bout for a movie. But hey, he brought success to Goodison.
112 Posted 31/03/2022 at 17:20:11
The chairman is right if you started supporting Everton after 1995. The David Moyes time is the most successful era since the eighties.
Once we are in the new stadium, then financially we are on another level going forward. The corporate side will only improve revenue considerably. Revenue from season tickets will go up. Utilising space, renting office space and shops.
Goodison Park, in the most-watched league in the world, is seriously lacking in revenue on match days. Amazing how we have stayed a Premier League club under Bill Kenwright with the resources he has. More remarkable with some success with league positions and Wembley appearances.
The importance of staying in the Premier League cannot be underestimated. The new stadium needs to come quickly. High salaries, paying managers to leave, and the pandemic. Actually… I'm surprised the debt isn't more.
113 Posted 31/03/2022 at 17:46:18
Unless things improve, I can see a right said Fred tribute band opening it, with a tea time open air showing of the Blood Brothers, with Bill para gliding into the stadium, with a giant pair of plastic scissors.
114 Posted 31/03/2022 at 19:04:52
What a massive waste of cash on absolutely nothing. If we do survive this season, then the club needs to find a new identity or we are going to be in the shit next year.
115 Posted 01/04/2022 at 07:54:41
Here in New Zealsnd, I'm just reading articles stating 'possibly' or 'perhaps' but no 'definately'.
Why are there no comments from the Boardroom? When are they going to give the young players their chance? They certainly cannot do worse than the present lot. I am fed up staying up all night witnessing the rubbish we turn out,
Sorry Guys for this - as Mrs Mopp used to say, "It's being so cheerful wot keeps me going!. COYB
116 Posted 01/04/2022 at 08:56:08
117 Posted 01/04/2022 at 11:22:16
I have no insight into the business side of Everton and basically who has? I support Everton Football Club, either in the Premier League or in The Conference. Everton is my club. All I see is Mr kenwright as our Chairman and previously our owner.
I have been guilty of thinking we should have done better than we have but really the quality on the pitch over the years has proven me wrong. In 20 years time, Mr Kenwright will still be blamed for what goes on at the club. Yes, leaders take responsibility and Mr Kenwright may say he could have done things differently.
I look at my friends who support Sunderland, Birmingham City, and West Brom and I'm just thankful we stayed in the Premier League. As all fans, we want better for Everton. It's the hope one day we will reach our full potential again on the pitch. The owner must push on with the new stadium and hopefully we keep our Premier League status.
I still think the statue of Mr Kenwright at the new stadium is a must. He has been a calming influence for us all over the years.
118 Posted 01/04/2022 at 12:56:11
Everton could be weeks away from joining WBA, Sunderland and Birmingham City, but at least Mr Bill Kenwright will help to calm us all down?
119 Posted 01/04/2022 at 13:23:12
120 Posted 01/04/2022 at 13:32:29
121 Posted 01/04/2022 at 13:36:18
122 Posted 01/04/2022 at 14:55:28
123 Posted 01/04/2022 at 21:27:29
124 Posted 02/04/2022 at 13:58:03
Kenwright will be nowhere near the opening of the new stadium at Bramley-Moore Dock. I promise you I will stop him physically and end up in St Anne Street if necessary. Total fraud of a Blue, it can't happen.
125 Posted 02/04/2022 at 14:12:27
126 Posted 04/04/2022 at 23:07:09
127 Posted 05/04/2022 at 01:19:39
We need to shave something like £60M of wages off which means either we get relegated this year and problem solved or we get relegated next year. Unless Mr Moshiri is in the business of losing money for reasons I couldn't possibly guess…
128 Posted 08/04/2022 at 20:55:18
The top clubs are now effectively the play things of foreign billionaires (insetad of domestic millionaires) who are quite prepared to lose countless millions just for the prestige and the chance of being photographed holding a trophy from a major tournament. Whilst this has always been true for owners to an extent, the Premier League now has a world wide attraction, and we're swapping the likes of Doug Ellis and Bill Kenwright for Sheikh Manzoor, Ambromavich and Moshiri. Owners of the 60s 70s and 80s cared about the club they owned, today's foreign owners only care about success and reflected glory. I do give Bill Kenwright some credit here.
Here are the worst debts of the Premier League clubs according to Forbes:
West Ham $117million
Watford $139 m
Chelsea's debts are basically to Ambromovich and will probably be written off. MUFC actually do make an operating profit, but it is less than 10% of their debt.
EFC are not in this list, although I imagine you can spin the debt numbers in a bunch of different creative accounting ways.. but the bottom line it is a totally SHIT picture all round.
Whilst we laugh at US sport (basically fat guys in helmets) at least it is run on financially solid grounds. The NFL teams MAKE money and costs are carefully controlled.
I am totally serious when I say I would like to see strict wage caps introduced in English football, and an increased forced % of home grown Academy players to be included in a squad and FIELDED on the pitch.
I am sick of watching overpriced SHITE from foreign mercenaries on huge salaries, especially when the massive debts being incurred are jeopardising the existence of clubs, including the lower league clubs
EFC are suffering from this particularly right now, but I hate to see English football in a financial mire generally, particularly lower league clubs.
People were complaining about these issues back in the 90s shortly after the Prem formed, they are even more true today.
129 Posted 08/04/2022 at 21:04:40
I agree with you that many proper controls and a change of direction would be favourable, let alone necessary. I don't hold out much hope.
"Whilst we laugh at US sport (basically fat guys in helmets)"
Bit harsh! And not true.
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