Everton £21 million in debt

[Easy 10]

If you're in the PL, then £21m is buttons in this day and age.

 

[GOM]

BHAFC Ltd's accumulated debt of £60.7M (as at June 2014) has nothing to do with the building costs of the Amex stadium or training ground. The football club makes a loss just about every year, and 2013/14 was no different, due to expenditure (£32.5M) exceeding income (£24M); this is largely due to the wage bill/staff costs (£20.3M).

Is this something to worry about ?

 

[ditchy]

i'm suprised that everton are in debt. Brighton don't get anywhere near that tv revenue, and have just built an expensive new stadium and state of the art training complex so understandly have a large. Butt everton have an old ground, are relatively tight with their transfers and have a strict wage structure. They're making £70million a year in tv rights alone , it just seems odd to me that they are in debt, because what are they spending their money on?

Man utd, chelsea, man city i could see being in debt, because they spend a lot on transfers and wages,.

wages !

 

[SAC]

A £60million debt for a Championship club is quite obviously a much bigger worry than a £28million debt for a PL club. Everton could pay if off the debit without a problem. However either debit is only a worry if it needs to be paid back.

I wonder is anyone is on a Toffee Chat website discussing it!

 

[Stat Brother]

I just googled and found out that they spend £69 million on wages. So I guess that will be it.

This is what scares me about promotion.

Has anyone connected to Everton, from the owner to the youngest 'junior toffee', actually received anything like £69m worth of value for that jaw dropping outlay?

 

[hans kraay fan club]

This is what scares me about promotion.

Has anyone connected to Everton, from the owner to the youngest 'junior toffee', actually received anything like £69m worth of value for that jaw dropping outlay?

Sort of, yes.

In that, its NOT THEIR MONEY.

Basically, Sky are paying Everton's wage bill (almost exactly) so for the contribution that the owners, and the junior toffees actually make, individually, yes they get great value for money.

 

[Stat Brother]

Sort of, yes.

In that, its NOT THEIR MONEY.

Basically, Sky are paying Everton's wage bill (almost exactly) so for the contribution that the owners, and the junior toffees actually make, individually, yes they get great value for money.

Yeah fair do's.

I guess I wasn't looking at it that way.
More, £69m buys a hell of a lot of mediocrity.

 

[Guy Fawkes]

I'm suprised that Everton are in debt. Brighton don't get anywhere near that tv revenue, and have just built an expensive new stadium and state of the art training complex so understandly have a large. Butt Everton have an old ground, are relatively tight with their transfers and have a strict wage structure. They're making £70million a year in tv rights alone , it just seems odd to me that they are in debt, because what are they spending their money on?

Man Utd, Chelsea, Man City I could see being in debt, because they spend a lot on transfers and wages,.

Man Utd, Chelsea, Man City and Arsenal all have the extra income from Champions League football which means that they can spend more on transfer fees and wages, keeping them in the Champions League spots and helping them secure that extra income that (normally) keeps them ahead of the rest of the chasing pack (this year being an exception so far)

Everton don't, and have less of a competitive edge over the rest of the divisional rivals as a result because they are more reliant on this PL money to fund them and their transfer business (but they all receive it to some extent)

 

[Guy Fawkes]

Is this something to worry about ?

As long as the debts are being covered (by Bloom in terms of unsecured loans, etc.) then no.

It would mean that we would be less attractive to a potential buyer who would likely have to take on this debt in securing control of the club before they then spend more trying to gain promotion / keep us in the PL / win the league / win the Champions League or whatever

 

[Pretty pink fairy]

If you're in the PL, then £21m is buttons in this day and age.

AND THAT SAYS IT ALL ABOUT MODERN FOOTBALL......................... jokers the lot of them
regards
DR

 

[Hampster Gull]

Debt is cheap at the moment, surprised its this low

 

[portslade seagull]

It will never improve all they time they pay silly money wages

 

[Se20]

Wow. Thanks mate. What a well written financial summary that is.

It tells me two things:

1: I am talking out of my arse
2: Palace are reliant on TV rights for 82% of their revenue! And are at the very bottom of the pile alongside Swansea for match day revenue and marketing (kit sales) which confirms, for me,their noddiness.

Noddiness my arse !
All that tells me is Palace and Swansea have around the smallest capacities in the PL.
With a profit of over £20 mill last season, we are sustainable, unlike some clubs I could mention.

 

[El Presidente]

I believe an NSC'er has just been on BBC Radio Merseyside explaining the numbers and the issues with the proposed 50,000 seat stadium at Walton Hall Park.

 

[Bevendean Hillbilly]

Noddiness my arse !
All that tells me is Palace and Swansea have around the smallest capacities in the PL.
With a profit of over £20 mill last season, we are sustainable, unlike some clubs I could mention.

...as long as you are in the prem. demotion means oblivion for you jolly Jestermen...we are properly sustainable.

 

[Lady Whistledown]

Noddiness my arse !
All that tells me is Palace and Swansea have around the smallest capacities in the PL.
With a profit of over £20 mill last season, we are sustainable, unlike some clubs I could mention.

Merely by virtue of Premier League TV money though. It's not as though you're run in a sustainable way, so less of the moral superiority if you please. Any club of Palace's size should be able to turn a profit in the PL: it's hardly a massive achievement of financial brilliance, is it? If Palace were to be relegated, it would all go up in smoke within a few years unless you were able to bounce straight back.

 

[Se20]

Merely by virtue of Premier League TV money though. It's not as though you're run in a sustainable way, so less of the moral superiority if you please. Any club of Palace's size should be able to turn a profit in the PL: it's hardly a massive achievement of financial brilliance, is it? If Palace were to be relegated, it would all go up in smoke within a few years unless you were able to bounce straight back.

You could label that of most clubs Edna, but carry on.
With only 42% of income spent on wages, it proves you can survive on a sensible budget.

 

[LamieRobertson]

I believe an NSC'er has just been on BBC Radio Merseyside explaining the numbers and the issues with the proposed 50,000 seat stadium at Walton Hall Park.

You?