| Evans 14:53 - Jan 13 with 2765 views | George25 |
ME must be getting something out of the club that we are not seeing, because otherwise why is he still here? The only Rational decision to keep the club for him is if he had a general passion for running a football club which he clearly doesn't given he only been consistently present around the club and at games for last year or so and when he took over he had to have some explain the rules of football. If he is keeping the club because he still believes that he can get us to the primer league to sell. I hope he knows with little investment, backing a manger with relegation form and disengaging with fans thoughts will put us in the opposite direction. [Post edited 13 Jan 2021 14:56]
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| Evans on 15:08 - Jan 13 with 2710 views | stiff_talking |
He brought the club for financial reasons and made no secret of it.
He says he will pay the debt off but has never actually paid it yet.
Given that he usually sells silverware and replaces with plastic knives and forks all evidence suggest is that he is still trying to find a way not to pay the debt!
My guess is he is trying to sell club value and debt at the same time and no one will meet his evaluation. |  | | |
| Evans on 15:11 - Jan 13 with 2694 views | homer_123 |
| Evans on 15:08 - Jan 13 by stiff_talking |
He brought the club for financial reasons and made no secret of it.
He says he will pay the debt off but has never actually paid it yet.
Given that he usually sells silverware and replaces with plastic knives and forks all evidence suggest is that he is still trying to find a way not to pay the debt!
My guess is he is trying to sell club value and debt at the same time and no one will meet his evaluation. |
'He says he will pay the debt off but has never actually paid it yet. '
has he? where?
'Given that he usually sells silverware and replaces with plastic knives and forks all evidence suggest is that he is still trying to find a way not to pay the debt! - '
what silverware has he sold off? |  |
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| Evans on 15:17 - Jan 13 with 2666 views | stiff_talking |
| Evans on 15:11 - Jan 13 by homer_123 |
'He says he will pay the debt off but has never actually paid it yet. '
has he? where?
'Given that he usually sells silverware and replaces with plastic knives and forks all evidence suggest is that he is still trying to find a way not to pay the debt! - '
what silverware has he sold off? |
We are constantly informed by his number #2 that Ipswich is in debt only to Evans who is responsible for that debt.
He fired extensive number of back room staff that made the club tick for years. He is selling our best young players before they play games for us, He cashed in on Murphy on the last day of deadline day and didn’t replace him, Jordan Rhodes, Conor Wickham, Ming’s were all sold too early and hardly played for the club, I could go on..... | | | |
| Evans on 15:19 - Jan 13 with 2660 views | IpswichKnight |
| Evans on 15:11 - Jan 13 by homer_123 |
'He says he will pay the debt off but has never actually paid it yet. '
has he? where?
'Given that he usually sells silverware and replaces with plastic knives and forks all evidence suggest is that he is still trying to find a way not to pay the debt! - '
what silverware has he sold off? |
I guess you could say he has brought the debt off. He did buy it off Aviva so at least now it’s not owed to a company that
A) supports the scum financially
B) could call it in at any time
Don’t see how he will ever get anyone to part with the cash to buy it off in full from him, to me his best solution is to sell the club with the caveat that if we get promoted in to the PL ( in say within something like 10 years he will get x% of tv money). | | | |
| Evans on 15:22 - Jan 13 with 2652 views | George25 |
| Evans on 15:08 - Jan 13 by stiff_talking |
He brought the club for financial reasons and made no secret of it.
He says he will pay the debt off but has never actually paid it yet.
Given that he usually sells silverware and replaces with plastic knives and forks all evidence suggest is that he is still trying to find a way not to pay the debt!
My guess is he is trying to sell club value and debt at the same time and no one will meet his evaluation. |
Was there debt before he bought the club? I thought the debt was all his, basically the money he has lent the club to cover the losses to keep it functioning. so i assumed the debt will go when he leaves. either the buyer pays the valuation fee for the club to him and the he lets the debt go for free or some buys for a £ and then pays his the value of the debt. | | | |
| Evans on 15:22 - Jan 13 with 2649 views | homer_123 |
| Evans on 15:17 - Jan 13 by stiff_talking |
We are constantly informed by his number #2 that Ipswich is in debt only to Evans who is responsible for that debt.
He fired extensive number of back room staff that made the club tick for years. He is selling our best young players before they play games for us, He cashed in on Murphy on the last day of deadline day and didn’t replace him, Jordan Rhodes, Conor Wickham, Ming’s were all sold too early and hardly played for the club, I could go on..... |
Evans has never said he would pay off the debt. The only way he can recoup the money he has put into the club is by gaining promotion to the Prem.
So, you are talking players, not actual silverware. OK - well (not that I am pro-Evans).....he certainly backed Magilton, Keane and to a decent degree Jewell with money. He didn't back Mick. He backed Hurst through wholesale team changes and he hasn't really backed Lambert financially.
He turned down significant money for Didz when he could have sold to Leicester, he didn't let Chambers go either. He sold Mings for a huge profit, not really a lot complain about there. Rhodes was sold on Keanes say so for example. | |
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| Evans on 15:24 - Jan 13 with 2639 views | George25 |
| Evans on 15:17 - Jan 13 by stiff_talking |
We are constantly informed by his number #2 that Ipswich is in debt only to Evans who is responsible for that debt.
He fired extensive number of back room staff that made the club tick for years. He is selling our best young players before they play games for us, He cashed in on Murphy on the last day of deadline day and didn’t replace him, Jordan Rhodes, Conor Wickham, Ming’s were all sold too early and hardly played for the club, I could go on..... |
would be interesting to see his NET inflows and NET outflows of transfers fee in his spell so far at the club | | | |
| Evans on 15:28 - Jan 13 with 2590 views | George25 |
| Evans on 15:22 - Jan 13 by homer_123 |
Evans has never said he would pay off the debt. The only way he can recoup the money he has put into the club is by gaining promotion to the Prem.
So, you are talking players, not actual silverware. OK - well (not that I am pro-Evans).....he certainly backed Magilton, Keane and to a decent degree Jewell with money. He didn't back Mick. He backed Hurst through wholesale team changes and he hasn't really backed Lambert financially.
He turned down significant money for Didz when he could have sold to Leicester, he didn't let Chambers go either. He sold Mings for a huge profit, not really a lot complain about there. Rhodes was sold on Keanes say so for example. |
if he was to leave once if we got to the primer league , we could be haunted by him for years. i know when the guys took over at Sunderland the played £20M plus the £45M parashot payment. lets say ME debt is near to £100M. All of a sudden if we get relegated that's all the parashot payments gone. | | | |
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| Evans on 15:42 - Jan 13 with 2552 views | homer_123 |
| Evans on 15:24 - Jan 13 by George25 |
would be interesting to see his NET inflows and NET outflows of transfers fee in his spell so far at the club |
Fag packet (excludes loan and any undisclosed fees)
Overall net transfer spend - £27,290,000
Overall net transfer income - £44,250,000
Profit of £16,960,000.
However, remember, excludes loan fees and undisclosed as well are other sundries and although the profit looks healthy - the club has run at a loss for a long time.
2008/9 - £4.5m out - £1.6m in
2009/10 - £8.9m out - £2.2m in
2010/11 - £1.7m out - £3.9m in
2011/12 - £2.9m out - £8.1m in
2012/13 - £.25m out - £0.0m in
2013/14 - £0.0m out - £0.0m in
2014/15 - £250k out - £4.2m in
2015/16 - £450k out - £10.1m in
2016/17 - £1.6m out - £3.1m in
2017/18 - £3.1m out - £750k in
2018/19 - £3.0m out - £9.9m in
2019/20 - £640k out - £400k in
2020/21 - £0m out - £0m in | |
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| Evans on 15:43 - Jan 13 with 2540 views | longtimefan |
| Evans on 15:28 - Jan 13 by George25 |
if he was to leave once if we got to the primer league , we could be haunted by him for years. i know when the guys took over at Sunderland the played £20M plus the £45M parashot payment. lets say ME debt is near to £100M. All of a sudden if we get relegated that's all the parashot payments gone. |
I suspect we could well be in a primer league sooner than the Premier league.  | | | |
| Evans on 15:49 - Jan 13 with 2522 views | BlueandTruesince82 |
| Evans on 15:22 - Jan 13 by George25 |
Was there debt before he bought the club? I thought the debt was all his, basically the money he has lent the club to cover the losses to keep it functioning. so i assumed the debt will go when he leaves. either the buyer pays the valuation fee for the club to him and the he lets the debt go for free or some buys for a £ and then pays his the value of the debt. |
Yes.... that's why we were in administration when he bought us.... he paid less than the value of the debt to take it on but then he was also assuming the risk (currently reality) that he would never recover it |  |
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| Evans on 15:50 - Jan 13 with 2518 views | George25 |
| Evans on 15:42 - Jan 13 by homer_123 |
Fag packet (excludes loan and any undisclosed fees)
Overall net transfer spend - £27,290,000
Overall net transfer income - £44,250,000
Profit of £16,960,000.
However, remember, excludes loan fees and undisclosed as well are other sundries and although the profit looks healthy - the club has run at a loss for a long time.
2008/9 - £4.5m out - £1.6m in
2009/10 - £8.9m out - £2.2m in
2010/11 - £1.7m out - £3.9m in
2011/12 - £2.9m out - £8.1m in
2012/13 - £.25m out - £0.0m in
2013/14 - £0.0m out - £0.0m in
2014/15 - £250k out - £4.2m in
2015/16 - £450k out - £10.1m in
2016/17 - £1.6m out - £3.1m in
2017/18 - £3.1m out - £750k in
2018/19 - £3.0m out - £9.9m in
2019/20 - £640k out - £400k in
2020/21 - £0m out - £0m in |
this is the other thing that confuses me that why he hasn't done anything to try and reduce the losses. I only suppose that him lending the club money each year to cover them allows his debt on the club to grow and when he sells he would get a bigger fee. | | | |
| Evans on 15:52 - Jan 13 with 2500 views | homer_123 |
| Evans on 15:50 - Jan 13 by George25 |
this is the other thing that confuses me that why he hasn't done anything to try and reduce the losses. I only suppose that him lending the club money each year to cover them allows his debt on the club to grow and when he sells he would get a bigger fee. |
I think people forget that these sums, for Evans, are small....I posted this the other day:
The power is with the fans really isn’t it? by homer_123 12 Jan 2021 11:33It's not an additional £9m to £10m on the 6 Arnie.
10,000 season ticket holders at £600 a pop (rough average) = £6,000,000
Next year, that's likely to be half that as there is no way 10,000 would renew under the current situation - so let's say half, now the income is £3m not £6m.
The current loses run at circa £6m a year - but that will also come down due to the wage cap and a number of senior pros coming the end of their contracts, so, let's say that drops to loses of circa £4.5m a year. Now add in the £3m lost on season ticket sales.
That's losses next year of circa £7.5m (this year £6m) so he's got to fund an additional £1.5m a year.....that's not a big deal.
This is fag packet rough and even if the worst case scenario of no season ticket holder income, he's in for £10m loses per year as opposed to £6m....again, how big an issue is that for him?
He's perfectly happy funding a circa £6m loss - if that loss increases to £7.5m or even £10m a year, is that really going to bother/ hurt him? | |
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| Evans on 15:53 - Jan 13 with 2493 views | footers |
| Evans on 15:50 - Jan 13 by George25 |
this is the other thing that confuses me that why he hasn't done anything to try and reduce the losses. I only suppose that him lending the club money each year to cover them allows his debt on the club to grow and when he sells he would get a bigger fee. |
Why would a buyer increase their offer for a mound of debt that belongs to ME and he's going to write off? |  |
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| Evans on 15:59 - Jan 13 with 2465 views | jeera |
| Evans on 15:50 - Jan 13 by George25 |
this is the other thing that confuses me that why he hasn't done anything to try and reduce the losses. I only suppose that him lending the club money each year to cover them allows his debt on the club to grow and when he sells he would get a bigger fee. |
What?
And what? |  |
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| Evans on 16:05 - Jan 13 with 2445 views | George25 |
| Evans on 15:53 - Jan 13 by footers |
Why would a buyer increase their offer for a mound of debt that belongs to ME and he's going to write off? |
I imagine the buyer would buy the club for a minimal fee and pay the value of the debt. By him increasing the debt along with interest will increase the amount he gets as i'm assuming hes not going to let any of the debt go for free. | | | |
| Evans on 16:06 - Jan 13 with 2440 views | longtimefan |
| Evans on 15:52 - Jan 13 by homer_123 |
I think people forget that these sums, for Evans, are small....I posted this the other day:
The power is with the fans really isn’t it? by homer_123 12 Jan 2021 11:33It's not an additional £9m to £10m on the 6 Arnie.
10,000 season ticket holders at £600 a pop (rough average) = £6,000,000
Next year, that's likely to be half that as there is no way 10,000 would renew under the current situation - so let's say half, now the income is £3m not £6m.
The current loses run at circa £6m a year - but that will also come down due to the wage cap and a number of senior pros coming the end of their contracts, so, let's say that drops to loses of circa £4.5m a year. Now add in the £3m lost on season ticket sales.
That's losses next year of circa £7.5m (this year £6m) so he's got to fund an additional £1.5m a year.....that's not a big deal.
This is fag packet rough and even if the worst case scenario of no season ticket holder income, he's in for £10m loses per year as opposed to £6m....again, how big an issue is that for him?
He's perfectly happy funding a circa £6m loss - if that loss increases to £7.5m or even £10m a year, is that really going to bother/ hurt him? |
I think you have to factor in any additional losses his other companies will have made this year, which I’d assume could be considerable | | | |
| Evans on 16:06 - Jan 13 with 2439 views | footers |
| Evans on 16:05 - Jan 13 by George25 |
I imagine the buyer would buy the club for a minimal fee and pay the value of the debt. By him increasing the debt along with interest will increase the amount he gets as i'm assuming hes not going to let any of the debt go for free. |
The debt belongs to him, not the buyer. He's writing off the debt when he sells. | |
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| Evans on 16:09 - Jan 13 with 2428 views | jeera |
| Evans on 16:05 - Jan 13 by George25 |
I imagine the buyer would buy the club for a minimal fee and pay the value of the debt. By him increasing the debt along with interest will increase the amount he gets as i'm assuming hes not going to let any of the debt go for free. |
You think he's deliberately running up a debt in order to sell it on at a greater price?
What?
*Also, what interest? | |
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| Evans on 16:13 - Jan 13 with 2411 views | WD19 |
| Evans on 15:24 - Jan 13 by George25 |
would be interesting to see his NET inflows and NET outflows of transfers fee in his spell so far at the club |
No it wouldn't.
Would be more interesting to see total income vs total outgoings for the same period. Nothing else really matters. |  | | |
| Evans on 16:15 - Jan 13 with 2410 views | TieDyedIn95 |
| Evans on 15:42 - Jan 13 by homer_123 |
Fag packet (excludes loan and any undisclosed fees)
Overall net transfer spend - £27,290,000
Overall net transfer income - £44,250,000
Profit of £16,960,000.
However, remember, excludes loan fees and undisclosed as well are other sundries and although the profit looks healthy - the club has run at a loss for a long time.
2008/9 - £4.5m out - £1.6m in
2009/10 - £8.9m out - £2.2m in
2010/11 - £1.7m out - £3.9m in
2011/12 - £2.9m out - £8.1m in
2012/13 - £.25m out - £0.0m in
2013/14 - £0.0m out - £0.0m in
2014/15 - £250k out - £4.2m in
2015/16 - £450k out - £10.1m in
2016/17 - £1.6m out - £3.1m in
2017/18 - £3.1m out - £750k in
2018/19 - £3.0m out - £9.9m in
2019/20 - £640k out - £400k in
2020/21 - £0m out - £0m in |
That works out roughly £2mil a season on new players. If you did that average across any club our size is it any wonder we haven't won anything since he arrived? We were always going down spending that low. That's pennies in modern football. |  |
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| Evans on 16:17 - Jan 13 with 2402 views | jeera |
| Evans on 16:13 - Jan 13 by WD19 |
No it wouldn't.
Would be more interesting to see total income vs total outgoings for the same period. Nothing else really matters. |
How the hell can anyone still hold onto some notion that Evans might be making some money from this mess of a club?
It's insane. [Post edited 13 Jan 2021 16:28]
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| Evans on 16:34 - Jan 13 with 2361 views | borge |
Ref the point in the OP that he has "only been present around the club and at games for the last year" the 'at games' aspect of that is totally wrong. I sit not too far from his box and can confirm that since the point at which his identity was revealed (it was either on Sky at the Sir BR golf event or at a Palace away game), he has attended the majority of games.
And that is what causes me confusion. Why bother attending and watching what has for the main part been complete dross if you are disinterested, disengaged and frankly able to spend your money doing something better with your time? So he must care, but if he cares why does he persist on the wrong path for so long? | | | |
| Evans on 17:52 - Jan 13 with 2289 views | casanovacrow |
| Evans on 15:42 - Jan 13 by homer_123 |
Fag packet (excludes loan and any undisclosed fees)
Overall net transfer spend - £27,290,000
Overall net transfer income - £44,250,000
Profit of £16,960,000.
However, remember, excludes loan fees and undisclosed as well are other sundries and although the profit looks healthy - the club has run at a loss for a long time.
2008/9 - £4.5m out - £1.6m in
2009/10 - £8.9m out - £2.2m in
2010/11 - £1.7m out - £3.9m in
2011/12 - £2.9m out - £8.1m in
2012/13 - £.25m out - £0.0m in
2013/14 - £0.0m out - £0.0m in
2014/15 - £250k out - £4.2m in
2015/16 - £450k out - £10.1m in
2016/17 - £1.6m out - £3.1m in
2017/18 - £3.1m out - £750k in
2018/19 - £3.0m out - £9.9m in
2019/20 - £640k out - £400k in
2020/21 - £0m out - £0m in |
Wages over that time would dwarf the profit I bet.
Though it does kind of seem like he purchased 32million of debt on the cheap, pissed the difference away on overvalued players as a gamble for a quick profit, it didn't work so now is just concentrating on loss prevention rather than learning and taking more intelligent gambles. |  | | |
| Evans on 17:58 - Jan 13 with 2281 views | PhilTWTD |
| Evans on 15:49 - Jan 13 by BlueandTruesince82 |
Yes.... that's why we were in administration when he bought us.... he paid less than the value of the debt to take it on but then he was also assuming the risk (currently reality) that he would never recover it |
We weren't in administration when he bought us, that was four years earlier. But there was a good chance we would have gone into administration again due to the bond which was taken out to build the stands proving impossible to service while in the Championship and keeping the team competitive. As you say, he paid £6m for the £32m debt (the bond plus the Barclays overdraft) which still appears on the balance sheet as £32m.
This post has been edited by an administrator |  | | |
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