17 Aug 2023 16:39:17
Question for Ed002.I know you don't like getting into the finances but not asking specifics, just more general. Looking at a club like Villa who are a similar size fan base, no European football for a while was wondering what the biggest difference is between us and them. is it our wage bill being a lot higher, or our commercial income being a lot lower or mixture of both? I know we've handed out some ludicrous contracts living beyond our means but just wondering whether that's the sole driver for our predicament or whether we're also lagging behind comparable size clubs in the revenue department?
It's incredible that a well paid board have run the club so badly and yet mosh and kenright still maintain everyone has done an excellent job!

{Ed002's Note - The huge difference with Aston Villa is that owners Nassef Sawiris and Wes Edens promised Unai Emery that they will provide the financial support to reshape the playing staff and to add one or two high profile players. Financially Everton have a huge wage bill issue already.}

1.) 18 Aug 2023
17 Aug 2023 22:15:07
Ed I am sure you have explained multiple times but I don’t get that response? I thought the point of FFP was that rich owners couldn’t provide financial support and it was all based on a clubs income? Or have I completely missed the point of your response? Did you just mean they have managed it much better by bringing in players on wages within their means and only handed out big contracts to one or two where as Everton did the opposite and handed too many big contracts out?

{Ed002's Note - It is based on sustainability over a period of time.}

2.) 18 Aug 2023
17 Aug 2023 22:15:52
Hi Ed - have you heard whether there has been any progress in Moshiri selling up?

{Ed002's Note - Not that I am aware.}

3.) 18 Aug 2023
18 Aug 2023 21:15:17
Coming from a Chartered background and with two kids doing quite well in the discipline what is the definition of sustainability. My understanding of debt is the ability to furnish that debt thus avoiding deficit. I am (imagine) a multi billionaire, I hold 100 percent a premier Club, don't care about money or penalties. How does FFP deal with that.

{Ed002's Note - You don’t seem to understand FFP or P&S.

4.) 19 Aug 2023
18 Aug 2023 22:54:25
ED02 you say our wage bill is high but that's not completely true as over the last few years we have released or sold most of the high earners
James 250k
Allan 150k
Bolasie 80k
Walcott 100k
Besic 45k
Bernard 110k
Mina 120k

There are probably more but you get the gist.

I know we have brought players in but these have been within a wage structure so can I ask why you think our wage bill is still extremely high as from the last time I seen them they had gone down from 62 mill to 42 mill and that's without this year's players who have been released.

{Ed002's Note - Sorry, you need to compare it to turnover.}

5.) 19 Aug 2023
19 Aug 2023 07:57:02
Our turnover dropped by around 30million due to various reasons. Commercial income fall, league position payment etc.

The percentage hasn't changed much at all.
On a brighter note this will increase with the improved and also new commercial deals, sleeve sponsor etc. and hopefully no more manager pay offs.

6.) 19 Aug 2023
19 Aug 2023 17:05:10
I get that ED02 but if we have moved lots of high earners on then our wages have massively improved bud and they continue to try and bring them down.

7.) 19 Aug 2023
19 Aug 2023 17:37:17
Yes but our income has dropped so our wages to income percentage is still similar despite the drop.
It's all relevant to p/ s.
We can't sustain a 90% wages to income so we either reduce wages even more or increase revenue.
The level should be 70% max.

8.) 20 Aug 2023
20 Aug 2023 05:08:26
FFP takes into consideration money spent, players sold, wages being paid, sponsorship amd match day revenue, we have one of the worst grounds in terms of revenue and have spent too much on players that have provided no return.