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Everton "special" Talksport 9:00pm Monday 10th Aug 2015

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That was kind of what I was implying in my post.

As long as they can be relatively sure that relegation is not in the picture (and, to be honest, our relative income vs smaller PL/promoted clubs should give us an inherent advantage) then what would be stagnation in our eyes would be financially successful decisions. As with many other areas of life these days, what we consider to be cynicism or asocial behaviour is perceived as logical pragmatism.

I honestly think - and here I am not referring to any illness but just the passage of time that affects us all - that it is going to take a generational change to effect any major shift at board level.
Yes, absolutely. Keeping the plate spinning has been - and will continue to be - the strategy. It's better, of course, if you have a team punching above its weight and inflating the club's status, and to a certain extent its coffers - and it also quells dissent. But mid-table or 5th is not a major issue for them. It is for fans - and that's where the friction will come from. Given the fork in the road the esk alludes to us having reached (and the almost certain dismissal of the options he outlines they have available) there's going to be a need to readjust expectations to mange decline. Added to that (and touching on your last paragraph) there'll be a major crisis at the club if/when BK withdraws his involvement. I'm not sure how each of those will be resolved, but I'd hazard a guess and say that Kenwright has been the glue holding the whole thing together (much more than Moyes' placings) and without him this quickly unravels.
 
Sadly I was not able to get onto that point last night, my mobile cut off and besides Stan was already off on a tangent.

I do not believe the Board are yet considering the points I made above. In order to move on and get the investment required we must argue the reasons why and point out the consequences for them of not doing so.

There's an inherent danger in leaving the investment to the next owners if future owners feel too much is required to catch up.

We may be at that inflection point now, if we are still in the same position half way through the next premier broadcasting deal we will almost certainly see a reduction in the value of the club despite the higher revenues solely because the capex for new owners will be too high.
Thanks.

I'd say that depends on the depth of the pockets of any new owner(s). Elstone has been a massive opponent of FFP on one level in that he sees it as a potential block to (eventually) attracting the type of owner who could take the club on warts an' all, so we can see the way this board thinks a resolution will be found. If the likes of Palace are attracting billionaire interest it's still possible this could happen. In that sense I can see why they'd be relaxed about any relative distancing of Everton from the elite clubs in the PL and unmoved by representation that argued the need for capital investment.
 

The Vibrac office is in the 'same building' as the office Robert Earl uses to handle his Everton shares. Draw from that what you will , bearing in mind that Vibrac are in the business of lending money to football clubs. In fact I got to the above information through google, the link being a loan of 60 million which West Ham had agreed with Vibrac. That must be why they're buying so many players ! The same link quotes Evertons loan as £13, renewable annually, but possibly not this year. Fulham owed Vibrac £16 million until the new owner came in and paid it off.

Steve, I'm not a lawyer but I'm almost certain that if a Director of Everton was a beneficiary of the Vibrac loans then it should be declared (Companies Act 2006 section 254 - connected persons)
 
The Vibrac office is in the 'same building' as the office Robert Earl uses to handle his Everton shares. Draw from that what you will , bearing in mind that Vibrac are in the business of lending money to football clubs. In fact I got to the above information through google, the link being a loan of 60 million which West Ham had agreed with Vibrac. That must be why they're buying so many players ! The same link quotes Evertons loan as £13, renewable annually, but possibly not this year. Fulham owed Vibrac £16 million until the new owner came in and paid it off.

Just about enough to buy you a pint of Chang and a sausage roll at half-time. No wonder we're skint.
 
Steve, I'm not a lawyer but I'm almost certain that if a Director of Everton was a beneficiary of the Vibrac loans then it should be declared (Companies Act 2006 section 254 - connected persons)

Do we know for certain that Earl is connected with Vibrac, apart from having an office in the same building, whether he takes renumeration/dividends from Vibrac, and whether or not they have been declared? Given the 'right' answers to these questions, and if the answers are/should be in the public domain, should there have been official action about this?
 
Do we know for certain that Earl is connected with Vibrac, apart from having an office in the same building, whether he takes renumeration/dividends from Vibrac, and whether or not they have been declared? Given the 'right' answers to these questions, and if the answers are/should be in the public domain, should there have been official action about this?

I think that office has about 10000 businesses linked to it due to its tax laws.

In reality instead of demonizing the poor on benefits we should be clamping down on these tax avoidance schemes in countries like this.
 

I think that office has about 10000 businesses linked to it due to its tax laws.

In reality instead of demonizing the poor on benefits we should be clamping down on these tax avoidance schemes in countries like this.

Morally you're right, but then the loans might cost Everton even more !!
 

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