thats because of cashflow, Everton's debt and Champ League

1. Everton was rumoured to have a ?30m+ debt at the start of the season.

2. Only half of Rooney's basic fee (?20m)would have been paid on the date of the transfer and they have had to wait for the rest of the basic fee over the last 12 months

3. They raised a load of money from a Russian investor during the season.

4. Given the above and the knowledge that they have earnt a Champ League place they probably now have the funds in place to pay half the transfer fees (during the close season) when the transfers take place. Coupled to the Champ League money helping to pay the other half of the transfer fees over the next 12 months.

TRANSFERS ARE ABOUT CASHFLOWS.

Posted By: oh arr on May 27th 2005 at 10:26:41

Message Thread

If the rumours are true that certain players are definitely leaving... (NCFC) - Swiss Yellow, May 27, 09:55:53
- thats because of cashflow, Everton's debt and Champ League (NCFC) - oh arr, May 27, 10:26:41
- But it's not definite until the contract is signed. (NCFC) - BeverlyHills0201, May 27, 10:05:46
  - We've spent cash on Ashton that we don't have... (NCFC) - Swiss Yellow, May 27, 10:11:48
    - And Ashton is financed by guaranteed income (NCFC) - BeverlyHills0201, May 27, 10:17:23
    - The Ashton cash came from TV money we recieved last year... (NCFC) - Derek_Achora, May 27, 10:16:39
      - Ashtons ?2.5m basic fee (NCFC) - oh arr, May 27, 10:31:40
      - Here's the article (NCFC) - Derek_Achora, May 27, 10:22:29
        
        doesn't say we're getting the money from this years TV money (NCFC) - mr carra, May 27, 10:29:55
        
        Yeah now that you mention it... (NCFC) - Derek_Achora, May 27, 11:02:02
        
        Only say we have ?1.25 to pay this season... (NCFC) - Swiss Yellow, May 27, 10:26:53
        
        oops ?1.25m obviously...I'd help out if they couldn't mange ?1.25 (n/m) (NCFC) - Swiss Yellow, May 27, 10:27:45
      - not quite (NCFC) - mr carra, May 27, 10:18:31
    - Rumours..... (NCFC) - BeverlyHills0201, May 27, 10:15:12
  - You can spend what you don't have. (NCFC) - Tricky Hawes, May 27, 10:09:22

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.