Financial accounts before Christmas, numerous games over the holiday period, the FA Cup 3rd round and the Annual General Meeting of shareholders of Everton Football Club Company limited. December and January represent a busy time for Evertonians. The significance of… Read More ›
Everton finances
Brands’ value to date & the scale of the challenges facing him
The January transfer window is open and as usual there will be thousands of column inches and podcast minutes devoted to speculation about players arriving or departing Finch Farm. Twelve months into his tenure as manager at Everton, Ancelotti has… Read More ›
Cash flow, Moshiri’s capital injections & the potential placement of new shares
Al look at Everton’s cash flow, how we have financed our losses & player investment plus the potential share placement – what it means for the club, shareholders and Moshiri
Record losses, partly attributed to Covid, Moshiri’s funding plans & stadium finance update
There are two headlines from today’s release of the report and accounts to June 30 2020. One is a record loss of £139.9 million of which the club attribute £67.3 million directly to the impact of Covid-19. However, that fails… Read More ›
Big Picture proposals put the emphasis on Everton’s international development
Although the Big Picture has been rejected, central themes of it are here to stay. Everton,more than at any time in the past have to prepare for the massive changesahead
The 2020 Summer transfer window from a financial perspective
Against a backdrop of huge financial uncertainty, the transfer window has again thrilled and disappointed supporters in equal measure across the land. Perhaps, never before have the ambitions and the ability or willingness of club owners to pay for those… Read More ›
Football Shorts (part V) – the reality of reducing income and fixed costs
Football Shorts is a series looking at the financial implications of Covid-19 on Premier League clubs. From a normal business perspective you would look for Premier League clubs to cut costs following a significant reduction in income. However, given… Read More ›
How do we fund squad improvements this summer?
With the news we have agreed terms with Napoli over Allan, I thought it may be of interest to cover how we fund transfers and account for them. The need to improve our squad, particularly in midfield is obvious to… Read More ›
The financing & accounting of transfers & how we operate in this window
From a pure footballing perspective, the need for Everton to be active in this transfer window has never been more apparent. We finish the 2019/20 season with a desperately unbalanced, uncompetitive squad devoid of direction, leadership and the numerous qualities… Read More ›
Farhad Moshiri – the solution or part of the problem?
The words of Farhad Moshiri, in the programme notes of 12 March 2016, just two weeks after his £87.5 million share purchase giving him a 49.9% shareholding and effective control of the club. What a start, (what a manager!) 2-0… Read More ›
Football Shorts (part III) – Cash Flow
Michael Dell set up the Dell Computer Corporation the day after Everton featured in a 4th round FA Cup replay at Prestfield Stadium, drawing 0-0 on a bitterly cold night in the winter of 1984. I mention him because he… Read More ›
Football Shorts (part II)
Football Shorts is an analytical series (part I here examining Premier League finances in the light, not only of the short term implications of lockdown and suspension of professional football, but the wider long term implications of a severe global recession… Read More ›
Football Shorts (part 1)
In finance, short selling or “being short” of a stock, a bond or a currency means that the investor has a negative view on the future price of the asset and positions him/herself to make a profit from any future… Read More ›
Business as usual?
It is not business as usual. The cost base of the club has to be addressed. That is inevitable. It’s inevitable from a regulatory point of view (even if there’s a temporary relaxation to reflect the extraordinary circumstances currently) but more importantly for the club’s future solvency.
Staring into the abyss?
The Bull market has ended. It always does. The tragic events of the Covid-19 pandemic have brought a closure to more than a quarter of a century of unbroken growth in Premier League revenues, inflated values and even greater inflation… Read More ›
Mounting financial uncertainties
It’s been said before and will continue to be said, that for most there are far more pressing concerns, be it their own health, the well-being of loved ones and friends, their own finances and if in the health and… Read More ›
Unchartered territory
How things can change and change quickly. A few weeks ago we were contemplating a strong finish to the season and the prospects of European football…. Clearly there are far more important matters than football at present, however such is… Read More ›
A look at UEFA’s FFP, what it means for Everton & how we solve our problems
For some time there has been a recognition that Everton have had to consider carefully the Premier League Profit & Sustainability rules (usually incorrectly referred to as FFP), particularly the maximum permitted losses of £105 million over a rolling three… Read More ›