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 ›
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 ›
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 ›
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 ›
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 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 ›
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 ›
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.
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 ›
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 ›
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 ›
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 ›
At the last General Meeting, Everton’s finance director, Sasha Ryazantsev outlined how the stadium at Bramley-Moore is likely to be financed. (Please stick with this article as apart from some knowledge stuff at the beginning there’s a couple of interesting… Read More ›
At the last General Meeting of Everton shareholders at the beginning of January, Professor Tom Cannon objected to the inclusion of Marcel Brands on the Everton Board, claiming it was “inappropriate for the Director of Football to be on the… Read More ›
As widely forecast, Everton have published record losses for the extended financial year 2018/19. However the news of a £30 million right of first refusal for naming rights provided by USM will grab the headlines. In addition Sasha Ryazantsev was… Read More ›
Early January, and as has been the case for a number of years since the re-installment of General Meetings, several hundred Everton shareholders will make their way to the Royal Philharmonic Hall on Hope Street (appropriately enough). On the face… Read More ›
“Clear the deadwood” A charge that’s been made by many members of the press and even more Evertonians since Marcel Brands arrived from PSV Eindhoven in May 2018. It is the apparently obvious route to reducing Everton’s bloated, expensive and… Read More ›
The arrival of Carlo Ancelotti at Everton has been accompanied by almost universal speculation that he has been provided with guarantees of a big transfer pot in which to shape his future squad. As far as is possible, without getting… Read More ›