16 Feb 2020 14:02:07
It was mentioned a while back that several clubs are in similar financial positions/ problems to us. With the recent news on City, is it possible to list which teams these are Ed and what their problem seems to be? It would be interesting to get a wider context of how much trouble we are in.
{Ed002's Note - Everton's problems are nothing like Manchester City - they simply live well beyond their means. The same is true of Aston Villa. Birmingham City are on their second points deduction whilst Sheffied Wednesday and Derby have been charged. It is a range of offences including over-valuing the sale of their grounds (which could be an additional issue for Aston Villa).}
17 Feb 2020 18:30:18
Cheers Ed. What are the main revenue streams for the clubs? I’m guessing ticket sales, sponsorship, money from selling players, TV money and merchandise sales are all major parts of income - where else can clubs make significant amounts?
For Everton to be able to afford the more expensive lifestyle, I'm guessing the new stadium may go a bit of a way to providing more ticket sales but wouldn’t think it would make too much of a difference.
{Ed002's Note - For Premier League clubs, broadcasting is the largest revenue stream, typically followed by of commercial/sponsorship and the match day income (which is very low for Everton - as a percentile the lowest in the PL). The new stadium will cost around £500M and will give the club crippling debt - the club already being seriously loss making and now mortgaged with a third party.}
18 Feb 2020 06:45:31
Cheers again for the quick reply Ed. I’m guessing this means the new stadium may not happen then if it risks us going further into FFP difficulties. It’s a shame as I thought we were regarded in the top 30 richest clubs in the world.
{Ed002's Note - The stadium is unrelated to FFP as it is excluded. What it gives the club is very signifocant debt.}