 Welcom yn y toffi TV, mae'n tryd y philharmonic Hall after Eviton's ADM tonight, by John Blaine Chairman of the Eviton's Shareholders Association. John, what was the big takeaway from tonight's ADM? Well, big takeaway, as in the thing everyone will remember. 30 million quid from USM Holdings, I would think. I mean, that's a bit creative, isn't it? A bit creative. I mean, it's been ring-fenced. I haven't said it's been ring-fenced. It's an option. 30 million pound for an option on name and rights of Bramley Mord dock stadium, on a stadium that hasn't had planned permission yet. But why not? Other teams do it? Well, that's why it has to be ring-fenced because he may need it back if we don't get approval. Yeah. Yeah, other clubs, city and others, find ways to confront the challenges that FFP brings and that seems to me, that's what that is. Yeah. I suppose they put the losses up and it was 94.4 million across the three years, bringing us 11 million almost under. Yeah, comfortably in the rules, yeah. Yeah. So, I mean, that's good first and foremost because obviously the predictions where we were even closer than that or might even fail it, which we've not done, so that was good. What did you make of the presentation overall? From being into end. I think I'm not a great fan, to be honest, of all the stuff, you know, the review of the year because it's just, it's padding really, isn't it, for 20 minutes. Doesn't mean you don't enjoy watching them, but you know, we could do without those. I'd rather have longer for questions from the floor. Denise's piece was okay. I thought, yeah, she reads the script well off those fancy things that they have and thought that was quite good in that sense. Sasha rattled through his at a pace. Yeah, so he'll relax a little bit in future years, I guess. I thought Brands was really, really good. Anyone who knows how Dutch people think, which is forthright, direct, straight, blunt, you know, brutal, those sorts of things. He said a hell of a lot about players we want to move on, players who didn't want to be here. He just candidly said, not the exact words, but I failed to get the centre back. I know I did, but look at all these others that I got. And then Bill was normally, as Bill is, in those situations, because he was being asked to actually cheer it wasn't it, open and enclose it type of thing. And then we had that little romantic piece with Tom Kelly giving Bill that, what looks like it from a distance, a magnificent trophy. So, yeah, I was okay, but we were given the accounts when we left and we could have been given them when we went in. So, there was clearly no intent to take any scrutiny on those, but I think that the 111-ish, whatever the exact number is, million of losses with 30-ish of operating losses, above at the high end of what people thought. Certainly we've talked about it on EBM that hopefully they'll load it all in now, so that there are no surprises going forward. But actually FY20 is the one, the one we're in right now. Denise talked about ramping up spend on the stadium and clearly, although we've got 13 months of costs in these numbers, we've also got 13 months of income as well. So, I think next year could be another one where we're quite close to the wire unless there's a windfall sponsorship arrived from somewhere, or we improve our commercial performance significantly, or heaven forbid, we do something very, very exceptional in player trading and either get rid of a lot of deadwood for decent money, which clearly Marcell sees as his challenge, or we have to sell whatever the fan might be, one of the so-called crown jewels for a big slug of money. One very good player getting sold for silly money, fixes all those FFP issues, so let's see. That's not something we want to concentrate on, obviously when you're trying to build a squad though. Yeah, but it's not. Yeah, but it's with financiers and accountants get creative, I was going to say that, it's not creative at all, it's pretty one-on-one stuff, but if we take a very simplistic view that says we sell a player for a hundred million, we sell Richard Wilson for a hundred million, we get a hundred million, we replace him with a hundred million pound player over five years, we amatise the cost 20 million a year. In that year we made 80 million, and that's awfully simple way to express it, but it doesn't mean as the other shower have shown that when you sell your most valued player that that necessarily weakens the squad, and I thought Marcell was quite good in, because I've been an advocate of, we did replace the Lukaku goals, we just didn't get a 25 goal striker, and that's effectively what he said, isn't it? You know, the two or three big goal scorers in Lukaku's best season scored X, and last year three players scored X, so we have replaced those goals, and the same will apply going forward I think, we shouldn't get too hung up about getting wedded to individual players. If a player can be sold for more than what we think he is worth, let's do it as long as, as we talked on toffee tv last week when we were talking about this, as long as we've got that succession stuff planned out, and we know which players we're going to bring in, and you do those transactions, not necessarily literally on the same day, but behind the scenes you know they are done, so we've got some really valuable assets there, and so hopefully we're smart working behind the scenes with the brands and Ancelotti working in concert, and we'll be okay. Big thanks to John for joining us there, obviously we'll do more on this, you'll be able to find all of those numbers on Everton website, and all over the news as well, well like I say the big news is Alasia Dwsmanof is well into Everton, make sure you give it a thumbs up, subscribe, join us on Patreon again, like I say, big thanks to John, see you later.