Louis Posted August 16, 2012 Report Share Posted August 16, 2012 Boo.. Hiss.. A new mortgage has appeared It's costing £1.5m Secured against: Premier League income basic fund for 2013/14 season Overseas broadcasting money for 2013/14 season Title sponsorship money for 2013/14 season Commercial contract money for 2013/14 season Radio contract money for 2013/14 season Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 16, 2012 Report Share Posted August 16, 2012 Boo.. Hiss.. A new mortgage has appeared may wanna merge about 6 posts from the niang transfer rumour with this, any idea how much etc? Quote Link to comment Share on other sites More sharing options...
marcopaulo Posted August 16, 2012 Report Share Posted August 16, 2012 knew haf would be the first to post after louis said that Quote Link to comment Share on other sites More sharing options...
Louis Posted August 16, 2012 Author Report Share Posted August 16, 2012 Yeah, he loves these threads. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 16, 2012 Report Share Posted August 16, 2012 I'm hardly cracking open the champagne gents, just trying to provide some reality here - the reality is that the only improvement to our P&L will be the sale of rodwell, just as Arteta was last year. People getting excited about 2 signings, IMO we will get one £6m player. That leaves £10m - the same amount artetas transfer put in the coffers last year. My fear is that the £9m potential surplus out of the £14m on TV rights is not going to be realised and will be a drop in the ocean versus the debt we currently have. Until we get new investment or run at a very low level of player salaries versus other prem teams then we are gonna be in this mess for a while. The low player salaries ain't gonna happen, look at some new contracts now...The old £50k a week is the new £100k a week - the TV rights will be straight into the ferrari dealerships. Quote Link to comment Share on other sites More sharing options...
Louis Posted August 16, 2012 Author Report Share Posted August 16, 2012 The end is surely in sight though, what with the bumper tv contract next year. Quote Link to comment Share on other sites More sharing options...
Lowensda Posted August 16, 2012 Report Share Posted August 16, 2012 Reality based on a Tim Burton production. Bill vs The Toffee Lady Noble Savage 1 Quote Link to comment Share on other sites More sharing options...
Louis Posted August 16, 2012 Author Report Share Posted August 16, 2012 and stolen. Quote Link to comment Share on other sites More sharing options...
marcopaulo Posted August 16, 2012 Report Share Posted August 16, 2012 i'm not sure i get why bill would be fightin the toffee lady? Quote Link to comment Share on other sites More sharing options...
MikeO Posted August 16, 2012 Report Share Posted August 16, 2012 i'm not sure i get why bill would be fightin the toffee lady? Trying to get the missing £9m out of his back pocket. Quote Link to comment Share on other sites More sharing options...
Lowensda Posted August 16, 2012 Report Share Posted August 16, 2012 It was just a joke, in relation to Haf's "reality". The Snail is the grimey,money making machine that the BU portray him as, with his "cronies" climbing up to support him and the Toffee Lady represent the "old Everton", with its tradition and innocence. Quite a strong image when you think of it like that Matt 1 Quote Link to comment Share on other sites More sharing options...
marcopaulo Posted August 16, 2012 Report Share Posted August 16, 2012 i don't like this picture speaks a thousand words crap..i get it now that it's explained..kind of Quote Link to comment Share on other sites More sharing options...
Barney Tabasco Posted August 16, 2012 Report Share Posted August 16, 2012 Boo.. Hiss.. A new mortgage has appeared It's costing £1.5m Secured against: Premier League income basic fund for 2013/14 season Overseas broadcasting money for 2013/14 season Title sponsorship money for 2013/14 season Commercial contract money for 2013/14 season Radio contract money for 2013/14 season Forgive me being a bit thick here. So...is this simply raising money for the club to pay off debts or actually for us to behave like a football club and buy players...and shit. Quote Link to comment Share on other sites More sharing options...
Lowensda Posted August 16, 2012 Report Share Posted August 16, 2012 Did anyone else read this title and re-read it to the tune "Return of the Mack" by Mark Morrison? Every time I see it...I just can't help it... marcopaulo and Bailey 2 Quote Link to comment Share on other sites More sharing options...
Louis Posted August 16, 2012 Author Report Share Posted August 16, 2012 Forgive me being a bit thick here. So...is this simply raising money for the club to pay off debts or actually for us to behave like a football club and buy players...and shit. It's basically like borrowing against your guaranteed wages and paying 10% for the privilege when the the banks are charging 12%. It could be used for anything the club wants. This year it'll cost £200k more to borrow than it was last year. (You got the reference Ten'!) Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 16, 2012 Report Share Posted August 16, 2012 Forgive me being a bit thick here. So...is this simply raising money for the club to pay off debts or actually for us to behave like a football club and buy players...and shit. Think of it as doing a balance transfer from one credit card to another - in effect we have bridged some finances and here's the source, nothing to get excited about unless you thought we had a magic moneybox when we cleared 4 debts. as i've said my guess is we will see about £6m from the rodwell money reinvested in players. The fact boils down to player sales continue to be our only way of staying afloat. How many more £10m plus players we have - Felli - £25m potentially Baines - £15m Barkley £15-20m Heitinga £10m just about Recent players sold (recap) Bily £5m Beckford £4.5m Yak £1.5m Arteta £10m Vaughan £2m Quote Link to comment Share on other sites More sharing options...
Barney Tabasco Posted August 16, 2012 Report Share Posted August 16, 2012 Gotcha! Thanks for the explanation. Quote Link to comment Share on other sites More sharing options...
marcopaulo Posted August 16, 2012 Report Share Posted August 16, 2012 Did anyone else read this title and re-read it to the tune "Return of the Mack" by Mark Morrison? Every time I see it...I just can't help it... yep..great tune Quote Link to comment Share on other sites More sharing options...
MikeO Posted August 16, 2012 Report Share Posted August 16, 2012 The fact boils down to player sales continue to be our only way of staying afloat. If we accept your argument that next years huge increase in TV money will go straight into players wages. Otherwise it's not a fact at all. Matt 1 Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 16, 2012 Report Share Posted August 16, 2012 It's where it has always gone mike. It's the nature of the beast. If clubs were getting £3m a year tv rights then wages would be hit, and vice versa. They have all the power. Expect £250k contract galore. Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 16, 2012 Report Share Posted August 16, 2012 http://m.guardian.co.uk/football/blog/2012/jun/13/premier-league-tv-deal-bt-sky?cat=football&type=article 70% of a clubs income goes into players pockets. Time for salary cap cos otherwise you will get fellainis head being turned by sunderlands £125k a week offer. Unless.... We match it, and so it continues. Quote Link to comment Share on other sites More sharing options...
Louis Posted August 16, 2012 Author Report Share Posted August 16, 2012 That is the case at the moment, even the head of communications said as much recently., the wage bill can NOT be supported by revenue alone, which is why we player trade." and then when you take into account that the club have only made profit in the years Rooney and Lescott have been sold it does make sense. I'm naive enough to believe that it will come to an end this year due to the increased revenue. Matt 1 Quote Link to comment Share on other sites More sharing options...
Matt Posted August 16, 2012 Report Share Posted August 16, 2012 1.5m, not much of a big deal is it? Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 16, 2012 Report Share Posted August 16, 2012 That's interest on the loan itself, aka a Tim Cahill each year. Personally it's worrying, if you were a years income overdrawn would you be? Especially when you have a bug mortgage to pay in top. Quote Link to comment Share on other sites More sharing options...
Matt Posted August 16, 2012 Report Share Posted August 16, 2012 That's interest on the loan itself, aka a Tim Cahill each year. Personally it's worrying, if you were a years income overdrawn would you be? Especially when you have a bug mortgage to pay in top. ok, i didnt read per year (since its not mentioned there and what its against is only 2013/14 income) Quote Link to comment Share on other sites More sharing options...
MikeO Posted August 16, 2012 Report Share Posted August 16, 2012 That's interest on the loan itself, aka a Tim Cahill each year. Personally it's worrying, if you were a years income overdrawn would you be? Especially when you have a bug mortgage to pay in top. So we've paid off four loans and taken on one. You can't add on £1.5m in interest payments and gloss over the savings we've made elsewhere that you can't put a figure on. Actually you can, and you do; but most wouldn't . Matt 1 Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 16, 2012 Report Share Posted August 16, 2012 Mike do you know the value of the four loans versus value of latest? Quote Link to comment Share on other sites More sharing options...
Matt Posted August 16, 2012 Report Share Posted August 16, 2012 Mike do you know the value of the four loans versus value of latest? do you? Quote Link to comment Share on other sites More sharing options...
Hafnia Posted August 16, 2012 Report Share Posted August 16, 2012 No, however I get the impression on here that some feel that we have magically been able to clear a massive amount of debt - how??? It doesn't take a genius to work out that the bad state of affairs last year can't be solved with the sale of 2 £10m players whilst reinvesting the money on players like jelavic, pienaar, aligned with the usual £5m operating costs loss. This new loan is yet to be confirmed as to it's amount, you all got giddy last night despite my warning. Low and behold, today you got the news of a new loan. Quote Link to comment Share on other sites More sharing options...
marcopaulo Posted August 16, 2012 Report Share Posted August 16, 2012 i can't figure out how we lost 5m last season when we got rid of more than that off the wage bill Quote Link to comment Share on other sites More sharing options...
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