The bean counters have today released the full accounts for Everton FC for the period year ending 31st May 2011.
None of us here at Blue Kipper are qualified to understand all the figures and this document (indeed Jogger had to be put right as he was reading it upside down). For those of you who are number crunchers then you can whack off to the Full Everton FC 2010/11 accounts here.
Apparently, the accounts reveal a £0.5m loss (or is it £5m?) which we are led to believe is not bad.
Our Chief Exec, Bobby Elstone, knows about the numbers and he stated that the 2010/11 figures revealed that we had a 3.7% increase in turnover which allowed Everton to tie several key players down to long-term new deals. Also, that the net debt figure remained stable at £44.9m and reported an operating loss of £500,000 before player trading - which became an actual amount nearer to approximately £5m when including interest and finance charges on bank lending and other borrowing not listed in the accounts. See, told you it starts to get confusing!
The ratio of wages in relation to turnover rose to 67% (up from £54.3m to £58m) because of new contracts for Phil Jagielka, Jack Rodwell, Leon Osman, Seamus Coleman, Tony Hibbert and Victor Anichebe - along with the signings of Magaye Gueye and Apostolos Vellios.
If your head is hurting, go for a lie down.
Email Bluekipper at enquiries@bluekipper.com
