Chief Evertonian essayist and GOT milk monitor, Catcher, has offered a series of balanced predictions and financial forecasts about LFC.
As you can guess, it’s bad news. That’s right, for the 7th consecutive season (he was busy with his SATs before that), our scholarly brethren has suggested another fallow year for the boys in red. While laying out the finances, Catcher has used incredible levels of guesswork to explain why it’s all doom and gloom - even exposing Liverpool’s huge losses on the sale of Grujic despite having absolutely no facts to back it up. But who cares about facts?
Despite years of never being right about Liverpool, our favourite blue’s confidence is unshakable. Boring everyone else into submission with his long-winded musings is his greatest gift. His overly-explained reasoning based on pure hope alone is enough to sustain this appallingly bad wordsmith.
Wait for mid-autumn where he explains why he was right all along despite being always wrong.
That lad has got to be a 15 year old? Firstly, because he is still obsessed with The Catcher in the Rye and, secondly, he's too ignorant to read financials.
Everton are in worse shape than their Balance Sheet shows at first glance: Moshiri has had his £300m+ loans presented as equity, so it looks like their BS has gone from being in the red (oof - they can't have that) to in the black. The loans are still debt. They made £250m in losses in the two years to June 2020 and discounting Moshi's loans in equity, they're essentially £250m in the red, and that's BEFORE the new stadium is built. They also don't own their training facilities. EFC have used hundreds of millions in loans to sign really bad players, of which they'll recover very little (I could see them selling Richarlison to bring some cash in - hence all this hyping of DCL and letting Richarlison stat pad in the Olympics U23 tournament).
Whereas LFC loans are in liabilities yet we are still in the black (£200m and with £149m in cash). LFC have used loans to improve and build new infrastructure (MS, Anny Road, Kirkby training complex) which will generate revenue through match day and academy players (we're already better at generating revenue from academy players who don't make it into the first team).
Everton's financial year ends a month later, which means their Revenue includes more of the games in 19/20 than our accounts, which have 9 games excluded due to the cut-off being 31 May.
All in all, Everton, treating Moshi loans properly as debt (he's unlikely to write-off a good chunk of his fortune), are over £450m worse off than Liverpool as at 30 june 2020. This is before they even start building their new stadium and while we have already started extending Anny Road. With the stadium debt and Moshi's debt, they are probably going to be well over £1bn in debt in a few years...
