But dig a little deeper and, as we all know, it's not ? a £600k loss which rises to £3.1 million when debt repayment bills are added sounds like dream figures if your a City or Chelsea fan. But when you think of the £7 million gained from Kitbag and £8 million from the sale of Bellefield and more importantly there are no new players to show for any loss, then this has to be questioned.
In Robert Elstone's blog, he suggests the accounts are good in the current financial climate and maybe he is right. But to suggest they are acceptable because of the recent internet rumours of administration and not being able to pay player wages, betrays everything our club motto boasts.
So, what can be done to move the club on if the current board can not use their own money to push the club forward?
Well, the first thing I would suggest, is to employ a visible seller as Liverpool did with Martin Broughton. The thought of any new owner turning up and knocking on our door is laughable and we must be seen to be doing everything we can to bring new investment into the club.
But in the mean time, there must be more revenue streams which we haven't investigated.
We have in our squad the hottest property in Australian sport in Tim Cahill, who is on just about everything over there marketable, so why are we not making more of that?
The same goes for America ? we gained plenty of new fans following Landon Donovan's loan spell and along with Tim Howard we have a tradition of having American players at the club over recent years, as well as ex players playing in the MLS.
So again this is a market we must get in to.
The other issue is the ground. Destination Kirkby come and went and as the club said then, it was the only option on the table ? and boy did they mean it!
As we all know, corporate hospitality and executive boxes are what make clubs real money and without that revenue we will continue to fall behind. So what are the club doing about it?
Well apart from the new Park End structure, paid for jointly by Sodexo and Kitbag, very little seems to be getting done. So how does the club expect to be attractive to buyers if it doesn't make itself attractive?
I don't believe it's all doom and gloom and we still have some great talent in our squad, but how long will it be before the longer talent such as Marouane Fellaini and Jack Rodwell have to be sold. Whilst Cahill and Mikel Arteta edge closer to their latter stages of their careers.
So... Everton stand at a massive crossroads ? from European football to mid-table oblivion, down to possibly even worse ? and it's up to the powers that be to make sure we keep challenging.
But I'm afraid the days of David Moyes performing miracles with a shoestring budget are now over and Everton Football Club must act accordingly.
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A couple of years ago we played River Plate in Edmonton, Alberta, Canada, which is were I live, and I couldn't believe the number of blue fans that turned up to watch the game. Being over here in the great white North, I find that people usually wear the shirt of the so called "Larger Teams" mainly because the have watched the highlites on Fox Sports, and decide that the team they are going to support this year.Getting back to the tread of this post though, I do agree that EFC could do better globaly to market the brand.
Crap set of figures though which makes the performance of some players more dissapointing, knowing they had to deliver without the aid of fresh blood.
How much does the typical corporate function actually bring in? How many would you have to have to make a real impact on a business with a turnover of £80m? I am pretty sure that at best you couldn't add more than £1m a year, even with executive boxes on full capacity. How many 'executive' boxes could Everton FC actually shift?I am dubious about the whole financial advantage of a new ground to be honest. The whole issue has become a smokescreen for the current board to hide behind. Let's be honest, unlike Liverpool, Arsenal or United, there is a finite limit to how many more fans we can attract. Whilst our ground holds us back in terms of our attendance, even with a new ground, where are the flocks of people going to come from to make this massive surge in turnover?
The whole executive box / corporate lounge issue is always flagged-up because it appears so limited at Goodison. The current boxes are poorly located and too few IMO. (That said, it perhaps should be remembered that there were only, if I recall, 22 boxes in the Kirkby design, with some scope to add a few more). The current lounges gain good reviews, but space is quite tight so there may be scope for more, including mid-range offerings.
At the other end of the scale, there may also be many thousands currently priced out of footy... is there a way of broadening the pricing strategy to include them? Of course the over-riding issue is the obstructed views that de-value so many seats in the ground at present.
The up-side however, is that much of these issues can be resolved within and around the current structures, without having to incur the massive outlay of say Arsenal. For instance, removing the roof on the Bullens and perching an executive tier (lined with boxes) at the rear of the upper Bullens would remove ALL obstructed views from the the upper-tier, and could more than triple the concourse areas on that side. The centre-block of seats of the upper Bullens could now be served by a spacious lounge area behind, greatly adding quality and value to this highly sort-after vantage point.
The Lower Bullens/Paddock would be re-profiled into a single terrace-stand (a la Lower Gwladys Street) with the worst rear rows removed. The increase in capacity would be between 1-4,000 dependent on the depth of the extension.
The great benefit of this type of incremental development of course is that it comes in relatively bite-size chunks. It also gives the club a chance to measure demand for different seat-types as they go along, solving part of the obstructed view issue simultaneously. A similar process could be applied to any of the existing stands. Only a redevelopment scheme can provide this opportunity, and the transformation can be dramatic whilst preserving so much of value.
If the club had tens of thousands on a waiting list and massive corporate applications then it could speculate on that potential and build from scratch.... We haven't!! Hence the possible importance of the type of scheme which Mike Owen and Tony I'Anson are proposing in Trust Everton. Perhaps that could kick-start this type of development.
If we had 50 boxes, would we sell them out? In my opinion, it would be an idea for Kenwright to ask the other "true blue" Leahy to bring some of his hard nosed businessmen mates and pay them to use their vast knowledge and explore all business avenues. I don't think Bill and his lap dogs on the board are up to it.
If you look above us in the table at the top 10, every team has either built a new stadium or heavily redeveloped their ground to increase capacity. The exception is Liverpool who became a selling club over the last 2-3 years as a result.Of course, the accounts show that there is no basis on which we could now fund our share of any stadium development and we will not be a realistic proposition for a buyer without that funding already in place. I still fondly remember those exciting visuals of the new stadium on Scotland Road or the redeveloped Goodison and who can forget Liverpool City Council's passionate commitment to working with us to look at alternative city sites and funding models. These plans might well have been drawn in crayons for all the resemblance to reality they had. I disliked the plans for Kirkby but it was the only funded option with a major corporate investor. I do wonder if we really had our share of the funding for Kirkby but by campaigning so heavily against it we have led inevitably to this point... a club with a business plan that has maximum 5 years of stretch left in it. So congratulations to all of us, we got what we deserve.
The basis on which it was being presented was false financially, commercially and ethiically. It is no wonder that it generated so much anger. It would have resigned the club and its supporters to a third rate existence at best.Furthermore, Kirkby was the result of years of mismanagement, a last gamble that was poor at best.No fan on here is to blame for where we are today. That responsibility lies, and has always lain, with the chairman and board of Everton FC.Kirkby was never funded, another myth... smoke and mirrors; if it was, where is the millions that was set aside for it?There was never money in the coffers to pay for it, just more debt. Given the economic meltdown since, the term white elephant springs to mind.Kirkby was a sham. It's buried, thank god. What we deserved was Kings Dock. So who is to blame for that failure, Steve?
The latest accounts show that there are no loans outstanding from the current Directors. How rich are Kenwright, Earl and Woods? According to the Sunday Times, Earl is worth £150 milliion.
Kenwright now only owns 25% of the club. With his successful Theatre group, he must be worth many millions. With Green and Leahy as close friends.
The transport issues alone would've killed it, with the transport scheme slaughtered to the point that Knowsley were threatening to reduce the capacity to just 40k because the plans were completely unworkable. Yet again, you seem oblivious to the facts. This was a site that couldn't meet it's fundamental criteria.... a complete non-starter!! "Just as in the Kirkby debate itself, we now have all these grand ideas of redevelopment re-emerging and what must re-emerge too is the same old question of where is the money coming from? This whole thread is about the precarious financial predicament of our club... and yet the same old harpie voices continue to talk about redevelopment for which there is no hard cash and no ideas about where to get it."I think you are confusing "harpies" with discerning blues, who were more concerned with what was good EFC74 and not for Green/Tesco/Knowsley. Where were we getting £78M from for Kirkby? Why shouldn't a proportion of that be now available for redevelopment, or another site?
I see even mighty Wolves are now redeveloping Molyneux further too, and they've spent most of the last 30 years in the lower leagues and have a fraction of our fanbase. Molyneux's redevelopment may only cost £40M in total, and it's far superior to the Kirkby effort. Why can't we have similar?
There are numerous other examples of clubs redeveloping to show that there was ALWAYS an option, in fact the vast majority have adopted this policy, many again with substantially lower turnover and smaller fanbases than us.... I wonder how/why?
So, in summary, I'm sorry, but you need to stop stating so authoritatively that Kirkby was the only option. No-one is seriously still saying this ? not even the club, and if anything, I think the evidence shows that Kirkby was never even "an option" in the first place!
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