One of the things that strikes me throughout the period that Bramley-Moore has been our proposed new home is the language various officers within the club have used to describe the process of raising finance for the stadium. Our past CEO often used the words difficult, challenging and uncertain. In his much welcomed first public […]
So where did all the money come from? The surprising answer to this question is that we (Everton) are likely to have financed the summer by using our existing resources. Financially, at least, whilst there are large challenges ahead, it looks like we are in extremely capable hands, working our resources and credit facilities […]
Here and on EvertonBusinessMatters we have discussed many times the various funding possibilities for the new Bramley Moore Stadium. I thought it useful therefore to update previous articles, based on the most recent information and current situation. It is widely accepted (and first reported here) that an iconic stadium designed by Dan Meis is […]
Two comments, one from the new Director of Football Marcel Brands, the other from Mayor Joe Anderson have given those with an interest in Everton’s finance plenty to talk about since June 1st. Marcel Brands When asked about the prospect of Moshiri making significant funds available, Brands answered “No. First of all, we need to […]
So how does a City Council suffering from acute spending cuts borrow £280 million? Since 2004, major local authorities have been able to borrow (mainly for capital projects) without government consent, provided they can afford the borrowing costs, a limit defined by “prudential” borrowing guidelines. Put simply if a council met the guidelines then […]
With rather odd timing, Everton published their 2016/17 Annual Report & Accounts on the weekend immediately before Christmas resulting in almost no press comment. I do hope that the Annual General Meeting on 9th January 2018 will result in more publicity. It is a great shame as the Accounts published are the most notable for […]
The repair of the balance sheet was wholly necessary, and as Moshiri said at the last AGM “We needed a strong balance sheet, so I paid off the debts. We are now very flexible financially”.