 As I said we'll present an overview of financial performance in the annual report and accounts that landed just before Christmas. I'll also highlight previous 2 years, priors to show trends and how things have moved. And will also include some projections for the current year clearly, on audited looking at our revenues, looking at costs, looking at profitability and looking at our balance sheet. Having said all that, the story of the accounts in 2016-17 is relatively simple. Mae'n ystod y ffordd y mae gennymio'r newid yma, ac mae'n rhan o 4 pwn i'r 5 gwaith hon yn gweithio'r perlwni sy'n gwneud yn eu cyfnodd y Prrymu Lleidol Tee. Gweithio'n cyffredinol yn gallu gwneud yma yn rhoi ei ddweud ac mae'n cyfrifio'r gwaith yn fud i'r gwasanaeth a'i gweithio'r cyfnodd hwnnw. Mae'n cyfrifio'r cyfrifio'r gweithio yn llwy answers ac mae'n cyfrifio'r gweithio'r gweithbill And we've also had phenomenal significant support from our new majority shareholder. In And So Mon, that's the story of the Wel yn enghraif literally plac there's nearly two million pounds on offer for every place on the table in prize money. There's also 1.1 million for every live TV picks, so every time we're on TV or alive. Ho more away it's over a million pounds which is comfortably more than the gate receipts we get from any premier league fixture at Goodison. Match days are very simple story and I think are very impressive story. It is that story of season ticket record sales of caps on numbers ychydig, o'r llichach yn gydig o gydig y sgol iawn i'r prysau. Rhai yna llich, y band cofeil Sweidian, o Budd G وأf yn dwylo'r fan yn ei ddweud. Yn dweud sleidian yn dydig, yi ddweud Roedder bobl hwnnw, sy'n gweithio'r gwrth gwaith yma unrhyw arno. Mae'r ddweud o'r gwybod yma felly yna yn ei ddweud y gydig dim, aoi yr hollwy o'r ddweud sy'n ddweud iddyn nhw'n gydig sy'n ddweud i'r hyn mawr Gŷwys has gone down and that is a reflection of our commitment to young fans. The chart in the top right presents the really impressive information on capacities on season ticket no opposition, it is not that long ago, if you can see them there looking where we were in 2011-2012 and we are significantly further on from that, so all the hard work that has gone into this means, I guess, simply that it is no longer easy to get a ticket at Goodison Park. Mae'r cymunedau o welid yn cael ei ddiwedd. Mae'n ddiwedd i wneud i chi i gweithio dechreu ar gyfer a'r band, ac rwy'n cael ei ddweud gan erbyn ymmwy yw'r cyfrydd flynyngol yn 2018-19. Mae'r hyn yn sungai'r cyfrif Majesty Ticket yn y 4th ynvernig. Maen nhw'r fath jwg yn fynnu. Mae'r cyfrif Majesty Ticket yn llwyddiad yma ond llwy. Mae'r cyfrif Majesty Ticket yn llwyddiad. Wy corresponding it so real continued commitment to affordable football. Commercial revenue has grown significantly in the current year a record breaking deal from USM to be follow by equal record breaking deals to be reported in this years numbers from Sport Pacer and Angry Birds. Mae'r sorg paser oes yn ychydig i'ch cyfnodd fan o'r ffarn. Yn y gwaelwch â'r fideo o'r ffarnedig ynglynllwch ynglynig ynglynig o'r gweithlo i'r ffarnedig i east-Africa a fyddwn i'r 50,000 fan i'r Daerys-a-lam. Ymweld y Ddiol angri ac i chi'n gweithio'r ffarnedig yw'r ysgolfydd, Ieithio i'r cyfnodr y sport. Mae'n ddweud i'n meddwl am gweithio gweithio a gweithio'r byddwyd pan dweud i'r byw o'r ymdeg a gofodd yn fwy yn ei ddweud o'r cymdeithasol. Rwy'n ffordd i'r rhain i chi'n cymdeithasol i'r bandwch a'i ddiogelio'r ddau ac rwy'n ddweud i chi'n ddweud i chi'n ddweud i chi'n ddweud o'r partnerio cymdeithnu o'r cyfnod. bethdy'r nhw'n gwahanol o'r tynno'r tynnu'r wych amlletydd yn dwy'n gwahanol gweld y Cyflwyd-fawr yn gyfwyrdau maennau'r unigol byddio heb yn cael ei gynnwys gydig iawn. Felly, mae'n benderlineu mwy o'r cydnwys gwahanol yn ddweud yn argyflwyd pan allan fel yw'r marwm am 8 miliwn ar y cyfrifwyr eu teulu yn eu ffordd. Rwy'n ei ffrifwyr yn gŵi y gydwyr nae yn ei gŵyr, yne gyd yn eich cynnig o'r sefydig a yna'r gwahanol. Unrhyw gwerth i fy wneud o'r gyfer, a'r cyfwbydd yna'r ei hwn yn ei ddweud y blaes. Mae'n bwysig yn y llyfr o'r cyfrosio ddechrau o gyfwbydd hach i 240 miliwn. Mae gennym yw ymwnaeth bod 70% o bwysig anhygotu. Ond maen nhw sydd wedi chyfwyr am y ddisgu yn eu rhan o'r gweithgau i gyfrosio, wedi gyrdwyr sio o'n fwylo sy'n mlyneddol i amgylchaeth honno. Ond oedd ei chwyr sy'n byw y cyfrosio i ddiweddillau i gyd yn yr hynod o'i gyd. Fydd y llaw'r gwybodaeth yn gôl i'r gwirio ddarchodr iawn, yn gofyn mewn rhoi'n gwybodaeth arall. Fydd y llaw'r gwybodaeth yn gwybodaeth, nhw'n gweld gennych, yn y gymryd, mae'n fIFO cyllt yn ei wneud. Felly, dylai'r llaw'r gwybodaeth yn gwybodaeth sydd wrth eich siwr nhw'n gwirio ddaeth. Thew'r gwybodaeth o gwybodaeth OAQC3, rwyng sgwrn, thew'r gwybodaeth o'r prydentio lwn i'r cyfrwng. Ac mae gennyn nhw'n meddylé a'r byw yw chi'n cael ei ddweithio i'r grannu newydd yma yma, i fydden nhw'n gwybod neb yn cael ei wneud hefyd o'r grannu'r adroddau. Mae'r cyfrannu gymhreili maen nhw wedi'u gtwain y won. Caerddwch ei ddaethce fe o'r newefyr yma, yn gweithio i'n mynd i ddweud am ff入an hwn��u. Mae'n au bod yn dweud o'ch cyfrannu yma i mwyn roi. dweud yw 85p yn y pwn sy'n dweud yw'n dweud yw'n ysgrifennu Ffinchfarn. Mae'r prydyn sy'n dweud o'r gweithio ffynuol yn cael eu ddweud, ac mae'n dweud yw'n dweud yw'n dweud cymdeithasol sy'n dweud y dweud eich dweud o'r dysgu cymdeithasol sy'n dweud i'n dweud. Mae'n dweud yn ysgrifennu hefydlu. Mae'n dweud yw'n dweud i'r ddweud i'r ddechrau. The next chart explains our net transfer spend over the past seven windows. In really simple terms, you can see that for every one pound we've received from the sale of a player, we've spent two. We've invested almost £340 million over seven windows, with half of it recovered through the sales of Lukaku, Stones, Delafugh and Naesmith, so substantial investment in new playing talent.that player trading impacts our profitability in two ways. For the players on the top half of the diagram, there is the amatisation, the right off of their transfer fee over the life of the contract. For the players on the bottom half of the slide, for the sales then it's any profit or loss we realise in their disposal. So, moving into profitability next, the next chart really shows that there is no real pattern or trend in profitability. yr unig fod yn ydy'r gŵr, intensaeth, rymes, a amser lleolio, gyd-dyn ni'n symud i'r ffrom plwiad. Mae'n effeithio yn ffrom bywyd ar y blaenau a'r honi'n gwybod yn leidio i'r eistedd peiliad mewn parhau sy'n dod, byddwch yn gwneud y ffrom ymlaen, rydyn ni'n ar ôl yn lleoli'r ffrom ymlaen o'r ffrom plwiad. Mae'r ffrom mae'n gweithio ma'r yr oedden nhaw Lwcag yn ôl ddodd yn rhaid yn rhaid o'r ffordd of writing off the transfer fees of all the players we've signed. Okay, so, moving into our balance sheet, it's a different looking Everton balance sheet at the end of May 2017. We still have the same recurring issue if you like of understated assets and you look at our playing squad and it is significantly understated. What is good to see is the insured value relative to the book value remains high, remains positive. What's also really good to see on that chart is the young players on there. The young players that are probably on our books at nil are very limited values. And I think we'll all agree that the emergence of that young talent into the first team's squad in the first half of the season has probably been our biggest success of the season today and we should pay tribute to the work of our academy and David Hunzworth in particular in that respect. Our balance sheet has also changed from Mr Mishiri's substantial investment. I talked about it on one of the early slides. is investment has allowed us to repay all long term debt, so the prudential loan that sat on our balance sheet since 2003 has been fully repaid. That saves us around £3 million every season in interest charges and repayments. In terms of overall indebtedness on our balance sheet, well three things to really emphasise on this chart. At May 17 at the year end, besides amounts that we owe to other clubs for the purchase of players, no overdraft and no debt. Also at that same date Mr Michir is investment with no fixed repayment date and no contractual obligation to repay is shown in equity rather than in liabilities, so at that point we have a healthy shareholder fund balance of over £90 million. The significant spending we did in the summer of 2017 on players however means that we have additional new facilities with ICBC and Santander. Overall the financial position at Everton with the support of Mr Michir who we feel is very healthy and very strong. Mr Michir's investment has also allowed us to push forward on other areas. Substantial upgrades at Finch Farm and I'm sure all the redevelopment are good as part that we've all seen the way that Everton looks particularly on the floodlights right now is amazing and the investment is there to be seen. We've also seen the big investment in players and we saw on a previous slide the difference between what we'd spent on players and what we've brought in. So Mr Michir's contribution has also had a major difference there. We've also pushed forward and made significant advancements on the new stadiums securing the land and making initial progress on design and planning application. So next section tonight is to really give an update on where we are with the stadium. Significant resource time commitment and as you've seen money has gone into the new stadium project. We remain absolutely fully committed, we remain very optimistic but there are still some big hurdles for us to overcome. Not least finding all the money for what will be a significant financial commitment with long term lasting implications, consequences on the football club. Where are we going? I think everybody knows where we're going. We're going to Bramleymore Dot which is a site that commands a substantial premium. Not just the cost of the land but the cost of preparing the land for a new stadium. But of course it's a site that comes with fantastic commercial opportunities and upsides that our business plan continues to work on and reflect. What are we building? Well there are some outline, designs done, outline designs that were done to inform our costs but the most important thing we need to do next is consult with you our fans. We're convinced that our vision is one that you will endorse and that's a stadium that will challenge the way a new stadium been built over the past two decades. A stadium that very firmly puts football in the fans first. A stadium that's very firmly atmospheric and intimidating and we'll hear a little bit shortly from Dan Meese on some of those qualities. How much? Well it's an escalating cost. It's a cost that continues to grow but it's a cost that we continue to try and manage. Of course that increasing cost is stretching our funding target all the time which leads on to what has always been our biggest single challenge which is how we're going to pay for it. Well I'm delighted to be able to say that we're getting very close to securing a major funding deal with Liverpool City Council. We've been great partners with us over the past 12 months but around two thirds of the total project cost we are optimistic will be met by support from Liverpool City Council in a deal that makes great sense for the council that delivers a very healthy return to the council but most importantly acts as a catalyst and a springboard for all that fantastic regeneration, new jobs, new homes, new businesses in north Liverpool. What's next? Well what's very important to us, what's very important to us is to confirm Liverpool City Council support. With two thirds of the funding in the bag then the attention turns to the final third and work's already ongoing looking at how we're going to find the money for that final third. We will then move into a consultation and I'll talk a little bit very soon about how we will frame that consultation. We're already advanced making preparations for a planning application and as I said before our business plan is constantly reiterated looking at opportunities but also looking very closely at cost and risk. When will it be ready? We anticipate and we hope a year for design, a year to secure funding and a year to determine a planning application all obviously operating in parallel. That will allow us to start working around a year's time with a three year construction period on what is a challenging site to build a new stadium. If everything goes to plan to be in there kicking off in August 2022. Committed absolutely optimistic yes but you know the enduring message I think is the still challenges for us to overcome. As I said an important next stage for us will be to embark on consultation with our fans so giving you the chance to have your input and build the stadium that we all want and we all want to build. In that respect listening to all the informal feedback we've had from you over the last 12 months listening to industry experts visiting stadia all over the country and overseas. We've developed some core principles which will help frame the dialogue with you and frame the feedback in terms of the attributes and features we want from our new stadium. First of all we absolutely want it to be our fortress intimidating atmospheric a place where opposing teams hate to come. Reference before the two million pound per league place the most important revenue stream in our business plan will come from finishing higher and higher up the league to make this a truly home fortress will be really important in that respect that's number one priority. Number two is to make it home a home that's readily loved often visited fundamentally a stadium that everybody I think feels very proud of so it's very important that it's adopted quickly and easily. Of course one of the real drivers the real driver behind the movies to create a platform for growth so to be able to realise those waiting lists to be able to introduce new commercial partners to host new events essentially to remove the constraints the commercial constraints of goodison park. It needs to reflect our values it needs to reflect everything about the people's club it needs to be able to and we will maintain our commitment to affordable pricing not take advantage of perfect sightlines or the absence of pillars we need to maintain our values it also needs to be a landmark something that befits enhances complements our world famous waterfront fundamentally easy to get to and easy to get home from something we probably take for granted at goodison but something obviously so fundamental to any sporting event or sporting venue truly will never leave Liverpool 4 and Denise will talk a little bit about our powerful legacy program we won't be leaving Liverpool 4 we will leave a strong and powerful and enduring legacy it needs to respect the environment in the sense of respecting the rich maritime history of the city and the darks it needs to enhance the environment it's in a unique environmental location technology will be a big part of it connecting communities on a match day allowing us to entertain and transact but also to act to act as a technological hope on non-match days bringing a wider community together together through technology and finally as I said it absolutely has to be the right deal for the city it has to be a deal that generates return relieves pressure on council budgets but as I said also acts as that springboard for the regeneration of north Liverpool