ajax_andy 0 Posted November 10, 2011 Share Posted November 10, 2011 The person in charge of selling Everton has come out and said the asking price is £150m Now that seems extremely excessive considering we are making a loss every year and have something in the region of £50m debt. I'm not sure if the £150m is including the debt... i.e. Asking price £200m minus £50m debt = £150m, or not including i.e. £150m minus debt = £100m So how much did the Toon go for and what were your books like at the time? Were you making a loss too and also in debt? I think i remember a figure of £100m but can't be sure. I honestly can't get my head around anyone asking £150m for my club. We need a new stadium and significant investment in the playing staff... £150m? Who the fuck's going to pay that?! Would be good to compare it to your takeover so i can put some context on it Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted November 10, 2011 Share Posted November 10, 2011 is the debt as bad as it now Link to comment Share on other sites More sharing options...
KeithJ 0 Posted November 10, 2011 Share Posted November 10, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted November 10, 2011 Share Posted November 10, 2011 ow Link to comment Share on other sites More sharing options...
ajax_andy 0 Posted November 11, 2011 Author Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. Hmm so I guess it depends on how our sale is structured then... now if it's £150 minus the debt i.e. £100m then that doesn't seem that unreasonable... you cost about double that but obviously have an excellent stadium and a good revenue stream. On the other hand if we are actually asking £150m + the debt then it makes it roughly the same as you were sold for except we need a new stadium so the real cost is way in excess of what Ashley paid for you. I'd bet on it being the latter knowing our luck and if it is then we have absolutely no chance of being sold any time in the near or distant future and it would explain why clubs are being bought left, right and centre yet we're still stuck with Bill Kenshite! Link to comment Share on other sites More sharing options...
McFaul 35 Posted November 11, 2011 Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. Hmm so I guess it depends on how our sale is structured then... now if it's £150 minus the debt i.e. £100m then that doesn't seem that unreasonable... you cost about double that but obviously have an excellent stadium and a good revenue stream. On the other hand if we are actually asking £150m + the debt then it makes it roughly the same as you were sold for except we need a new stadium so the real cost is way in excess of what Ashley paid for you. I'd bet on it being the latter knowing our luck and if it is then we have absolutely no chance of being sold any time in the near or distant future and it would explain why clubs are being bought left, right and centre yet we're still stuck with Bill Kenshite! If it's 150m plus the debt its a little bit more than Ashley had to pay. If that is the price you'll never get sold, like ever. You haven't got the infrastructure that we have and it would take 5 or 6 years to sort a new stadium etc...increase the fanbase to 50,000 regulars etc... Basically if that is the price the owners want to hang to it and are taking the piss. I know Everton are a much much bigger club than Leicester but they get crowds 7-8000 less than you, have a new stadium, one club city and it went for £30m I think. Link to comment Share on other sites More sharing options...
ajax_andy 0 Posted November 11, 2011 Author Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. Hmm so I guess it depends on how our sale is structured then... now if it's £150 minus the debt i.e. £100m then that doesn't seem that unreasonable... you cost about double that but obviously have an excellent stadium and a good revenue stream. On the other hand if we are actually asking £150m + the debt then it makes it roughly the same as you were sold for except we need a new stadium so the real cost is way in excess of what Ashley paid for you. I'd bet on it being the latter knowing our luck and if it is then we have absolutely no chance of being sold any time in the near or distant future and it would explain why clubs are being bought left, right and centre yet we're still stuck with Bill Kenshite! If it's 150m plus the debt its a little bit more than Ashley had to pay. If that is the price you'll never get sold, like ever. You haven't got the infrastructure that we have and it would take 5 or 6 years to sort a new stadium etc...increase the fanbase to 50,000 regulars etc... Basically if that is the price the owners want to hang to it and are taking the piss. I know Everton are a much much bigger club than Leicester but they get crowds 7-8000 less than you, have a new stadium, one club city and it went for £30m I think. Exactly mate... I just dont see how anyone would want to buy us for that. I think the fact we are a club playing in the Premier league makes us a more valuable prosect than someone like Leicester, but on the other side we loose money every year and our stadium needs to be replaced at a cost of probabloy between £100m and £200m... we aren't an attractive proposition at that price. Link to comment Share on other sites More sharing options...
McFaul 35 Posted November 11, 2011 Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. Hmm so I guess it depends on how our sale is structured then... now if it's £150 minus the debt i.e. £100m then that doesn't seem that unreasonable... you cost about double that but obviously have an excellent stadium and a good revenue stream. On the other hand if we are actually asking £150m + the debt then it makes it roughly the same as you were sold for except we need a new stadium so the real cost is way in excess of what Ashley paid for you. I'd bet on it being the latter knowing our luck and if it is then we have absolutely no chance of being sold any time in the near or distant future and it would explain why clubs are being bought left, right and centre yet we're still stuck with Bill Kenshite! If it's 150m plus the debt its a little bit more than Ashley had to pay. If that is the price you'll never get sold, like ever. You haven't got the infrastructure that we have and it would take 5 or 6 years to sort a new stadium etc...increase the fanbase to 50,000 regulars etc... Basically if that is the price the owners want to hang to it and are taking the piss. I know Everton are a much much bigger club than Leicester but they get crowds 7-8000 less than you, have a new stadium, one club city and it went for £30m I think. Exactly mate... I just dont see how anyone would want to buy us for that. I think the fact we are a club playing in the Premier league makes us a more valuable prosect than someone like Leicester, but on the other side we loose money every year and our stadium needs to be replaced at a cost of probabloy between £100m and £200m... we aren't an attractive proposition at that price. I think more so than us when you look at the age of the players, you need a whole new squad as well which would cost £200m+ to compete. Lots of people approaching 30 or over 30 in the Everton squad. So if it is £150m plus the debt, that's £230m(?) + at least £200m for a new stadium, plus £200m+ on the playing side to make Everton a club even on Tottenham's level, financially and sustainability wise. That's the best part of £700m, I think Everton's best hope is someone like the arabs rather than some yank or local businessman. I think Ashley would sell us for £200m now, and you wouldn't need to buy a stadium, all you'd need to do is spend £100m on the team and we could have a real go at competing. Link to comment Share on other sites More sharing options...
ajax_andy 0 Posted November 11, 2011 Author Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. Hmm so I guess it depends on how our sale is structured then... now if it's £150 minus the debt i.e. £100m then that doesn't seem that unreasonable... you cost about double that but obviously have an excellent stadium and a good revenue stream. On the other hand if we are actually asking £150m + the debt then it makes it roughly the same as you were sold for except we need a new stadium so the real cost is way in excess of what Ashley paid for you. I'd bet on it being the latter knowing our luck and if it is then we have absolutely no chance of being sold any time in the near or distant future and it would explain why clubs are being bought left, right and centre yet we're still stuck with Bill Kenshite! If it's 150m plus the debt its a little bit more than Ashley had to pay. If that is the price you'll never get sold, like ever. You haven't got the infrastructure that we have and it would take 5 or 6 years to sort a new stadium etc...increase the fanbase to 50,000 regulars etc... Basically if that is the price the owners want to hang to it and are taking the piss. I know Everton are a much much bigger club than Leicester but they get crowds 7-8000 less than you, have a new stadium, one club city and it went for £30m I think. Exactly mate... I just dont see how anyone would want to buy us for that. I think the fact we are a club playing in the Premier league makes us a more valuable prosect than someone like Leicester, but on the other side we loose money every year and our stadium needs to be replaced at a cost of probabloy between £100m and £200m... we aren't an attractive proposition at that price. I think more so than us when you look at the age of the players, you need a whole new squad as well which would cost £200m+ to compete. Lots of people approaching 30 or over 30 in the Everton squad. So if it is £150m plus the debt, that's £230m(?) + at least £200m for a new stadium, plus £200m+ on the playing side to make Everton a club even on Tottenham's level, financially and sustainability wise. That's the best part of £700m, I think Everton's best hope is someone like the arabs rather than some yank or local businessman. I think Ashley would sell us for £200m now, and you wouldn't need to buy a stadium, all you'd need to do is spend £100m on the team and we could have a real go at competing. If it's £150m + debt then that's approx £200m... new stadium £200m. Playing side we have a fair few players who need to be replaced but we do have Barkley, Rodwell, Coleman, Drenthe (if we kept him), Vellios, Gueye all 23 or under, Baines 27, Heitinga 28, Jags 29, Tim Howard 32 (still pretty young for a keeper), so we dont need a complete overhaul... maybe £20m a season over the next 3 years would do providing we bought good young players rather than chasing the Robinho's etc of this world. So about £500m in total... which lets face it is still a HUGE outlay! So should it be a straight fight between £300m for you or £500m+ for us then yeah it'd be very surprising if someone picked us as being the better investment. I know what you're saying about rich arabs being the better option... tbh they would be for every club... I think the alledged interest in us takes in to account the fact we need a new stadium and investment in the area, so there may be a profit to be made from that somehow. I'd be happy if someone came in and turned us in to a good business making a profit and becoming self sustainable so if it is this option available and they are stupid enough to pay Kenshite what he wants then I'll not complain.... but i'm not getting my hopes up Link to comment Share on other sites More sharing options...
McFaul 35 Posted November 11, 2011 Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. Hmm so I guess it depends on how our sale is structured then... now if it's £150 minus the debt i.e. £100m then that doesn't seem that unreasonable... you cost about double that but obviously have an excellent stadium and a good revenue stream. On the other hand if we are actually asking £150m + the debt then it makes it roughly the same as you were sold for except we need a new stadium so the real cost is way in excess of what Ashley paid for you. I'd bet on it being the latter knowing our luck and if it is then we have absolutely no chance of being sold any time in the near or distant future and it would explain why clubs are being bought left, right and centre yet we're still stuck with Bill Kenshite! If it's 150m plus the debt its a little bit more than Ashley had to pay. If that is the price you'll never get sold, like ever. You haven't got the infrastructure that we have and it would take 5 or 6 years to sort a new stadium etc...increase the fanbase to 50,000 regulars etc... Basically if that is the price the owners want to hang to it and are taking the piss. I know Everton are a much much bigger club than Leicester but they get crowds 7-8000 less than you, have a new stadium, one club city and it went for £30m I think. Exactly mate... I just dont see how anyone would want to buy us for that. I think the fact we are a club playing in the Premier league makes us a more valuable prosect than someone like Leicester, but on the other side we loose money every year and our stadium needs to be replaced at a cost of probabloy between £100m and £200m... we aren't an attractive proposition at that price. I think more so than us when you look at the age of the players, you need a whole new squad as well which would cost £200m+ to compete. Lots of people approaching 30 or over 30 in the Everton squad. So if it is £150m plus the debt, that's £230m(?) + at least £200m for a new stadium, plus £200m+ on the playing side to make Everton a club even on Tottenham's level, financially and sustainability wise. That's the best part of £700m, I think Everton's best hope is someone like the arabs rather than some yank or local businessman. I think Ashley would sell us for £200m now, and you wouldn't need to buy a stadium, all you'd need to do is spend £100m on the team and we could have a real go at competing. If it's £150m + debt then that's approx £200m... new stadium £200m. Playing side we have a fair few players who need to be replaced but we do have Barkley, Rodwell, Coleman, Drenthe (if we kept him), Vellios, Gueye all 23 or under, Baines 27, Heitinga 28, Jags 29, Tim Howard 32 (still pretty young for a keeper), so we dont need a complete overhaul... maybe £20m a season over the next 3 years would do providing we bought good young players rather than chasing the Robinho's etc of this world. So about £500m in total... which lets face it is still a HUGE outlay! So should it be a straight fight between £300m for you or £500m+ for us then yeah it'd be very surprising if someone picked us as being the better investment. I know what you're saying about rich arabs being the better option... tbh they would be for every club... I think the alledged interest in us takes in to account the fact we need a new stadium and investment in the area, so there may be a profit to be made from that somehow. I'd be happy if someone came in and turned us in to a good business making a profit and becoming self sustainable so if it is this option available and they are stupid enough to pay Kenshite what he wants then I'll not complain.... but i'm not getting my hopes up I think your ticket prices don't help matters. I'm sure there was some survey done about five years ago that said Everton fans were by far the poorest in the league with an average annual income of £13000 pa I think wors was about £16000, Liverpool's was higher than Everton's not sure how that works like, but the point is your ticket prices are very cheap even for the expensive tickets and that's perhaps another reason why it's non profitable. Link to comment Share on other sites More sharing options...
ajax_andy 0 Posted November 11, 2011 Author Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. Hmm so I guess it depends on how our sale is structured then... now if it's £150 minus the debt i.e. £100m then that doesn't seem that unreasonable... you cost about double that but obviously have an excellent stadium and a good revenue stream. On the other hand if we are actually asking £150m + the debt then it makes it roughly the same as you were sold for except we need a new stadium so the real cost is way in excess of what Ashley paid for you. I'd bet on it being the latter knowing our luck and if it is then we have absolutely no chance of being sold any time in the near or distant future and it would explain why clubs are being bought left, right and centre yet we're still stuck with Bill Kenshite! If it's 150m plus the debt its a little bit more than Ashley had to pay. If that is the price you'll never get sold, like ever. You haven't got the infrastructure that we have and it would take 5 or 6 years to sort a new stadium etc...increase the fanbase to 50,000 regulars etc... Basically if that is the price the owners want to hang to it and are taking the piss. I know Everton are a much much bigger club than Leicester but they get crowds 7-8000 less than you, have a new stadium, one club city and it went for £30m I think. Exactly mate... I just dont see how anyone would want to buy us for that. I think the fact we are a club playing in the Premier league makes us a more valuable prosect than someone like Leicester, but on the other side we loose money every year and our stadium needs to be replaced at a cost of probabloy between £100m and £200m... we aren't an attractive proposition at that price. I think more so than us when you look at the age of the players, you need a whole new squad as well which would cost £200m+ to compete. Lots of people approaching 30 or over 30 in the Everton squad. So if it is £150m plus the debt, that's £230m(?) + at least £200m for a new stadium, plus £200m+ on the playing side to make Everton a club even on Tottenham's level, financially and sustainability wise. That's the best part of £700m, I think Everton's best hope is someone like the arabs rather than some yank or local businessman. I think Ashley would sell us for £200m now, and you wouldn't need to buy a stadium, all you'd need to do is spend £100m on the team and we could have a real go at competing. If it's £150m + debt then that's approx £200m... new stadium £200m. Playing side we have a fair few players who need to be replaced but we do have Barkley, Rodwell, Coleman, Drenthe (if we kept him), Vellios, Gueye all 23 or under, Baines 27, Heitinga 28, Jags 29, Tim Howard 32 (still pretty young for a keeper), so we dont need a complete overhaul... maybe £20m a season over the next 3 years would do providing we bought good young players rather than chasing the Robinho's etc of this world. So about £500m in total... which lets face it is still a HUGE outlay! So should it be a straight fight between £300m for you or £500m+ for us then yeah it'd be very surprising if someone picked us as being the better investment. I know what you're saying about rich arabs being the better option... tbh they would be for every club... I think the alledged interest in us takes in to account the fact we need a new stadium and investment in the area, so there may be a profit to be made from that somehow. I'd be happy if someone came in and turned us in to a good business making a profit and becoming self sustainable so if it is this option available and they are stupid enough to pay Kenshite what he wants then I'll not complain.... but i'm not getting my hopes up I think your ticket prices don't help matters. I'm sure there was some survey done about five years ago that said Everton fans were by far the poorest in the league with an average annual income of £13000 pa I think wors was about £16000, Liverpool's was higher than Everton's not sure how that works like, but the point is your ticket prices are very cheap even for the expensive tickets and that's perhaps another reason why it's non profitable. I think cheap tickets are a good thing, but you need to get enough people through the door to make it work... Goodison just isn't up to the job and something needs to be done... I'd like to see the old lady re-developed much the way the Sports Direct Arena has been but a new stadium would do too providing it was going to be a top notch one in the city and not a cow shed a few miles outside (see Kirkby). Liverpool's was higher due to the Norwegian economy being quite strong lol Link to comment Share on other sites More sharing options...
Phil 6 Posted November 11, 2011 Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. plus a 50m mortgage and 36m owed in player installments. So the total cost was 290m (ish). With a running costs loss of 30m. Link to comment Share on other sites More sharing options...
ajax_andy 0 Posted November 11, 2011 Author Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. plus a 50m mortgage and 36m owed in player installments. So the total cost was 290m (ish). With a running costs loss of 30m. Flipping heck, ok well that does put a bit of a different slant on it, now I can't decide if we are overpriced and you were too, or in fact the valuation of £150m isn't that ridiculous after all??? Link to comment Share on other sites More sharing options...
McFaul 35 Posted November 11, 2011 Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. plus a 50m mortgage and 36m owed in player installments. So the total cost was 290m (ish). With a running costs loss of 30m. Flipping heck, ok well that does put a bit of a different slant on it, now I can't decide if we are overpriced and you were too, or in fact the valuation of £150m isn't that ridiculous after all??? Nar it is because fattie had no idea what the size of the debt was when he bought the club. Link to comment Share on other sites More sharing options...
Guest alex Posted November 11, 2011 Share Posted November 11, 2011 Too much. Link to comment Share on other sites More sharing options...
Lake Bells tits 1 Posted November 11, 2011 Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. plus a 50m mortgage and 36m owed in player installments. So the total cost was 290m (ish). With a running costs loss of 30m. Flipping heck, ok well that does put a bit of a different slant on it, now I can't decide if we are overpriced and you were too, or in fact the valuation of £150m isn't that ridiculous after all??? Nar it is because fattie had no idea what the size of the debt was when he bought the club. Im having problems believing this, is it for a fact comfirmed that he did not do any due dilligence? His wealth point to the fact that he is a shrewd and skilled business-man...? Link to comment Share on other sites More sharing options...
McFaul 35 Posted November 11, 2011 Share Posted November 11, 2011 I think at the time we went for 132mil and were in the region of £75mil in debt. plus a 50m mortgage and 36m owed in player installments. So the total cost was 290m (ish). With a running costs loss of 30m. Flipping heck, ok well that does put a bit of a different slant on it, now I can't decide if we are overpriced and you were too, or in fact the valuation of £150m isn't that ridiculous after all??? Nar it is because fattie had no idea what the size of the debt was when he bought the club. Im having problems believing this, is it for a fact comfirmed that he did not do any due dilligence? His wealth point to the fact that he is a shrewd and skilled business-man...? Chris Waddle was a shrewd and skillful footballer but look at his penalty against West Germany. Link to comment Share on other sites More sharing options...
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