Everton takeover rumours

[roydo]

If anything happened to BK, I wonder who is the beneficiary in his will and thus own the shares?

Not a clue. Most small companies, (and in terms of business, most football clubs are small) have insurance type stuff in place to finance the purchase of a deceased shareholders holdings for the other directors.

So director A dies, a lump sum is made available for directors B C and D to buy the shares. Or for his wife or husband to do likewise.

Or they might just form part of his estate, and would be sold, then distributed under the terms of the will, or could even just pass to his wife, or kids, or the dogs home.

Other options as well.

But that suggests to me that Bill would be. lets say, open to realistic negotiations at this time in his life. Note, I do not have a clue about his health, but he is getting on regardless, and I have dealt with loads of elderly clients who are more interested in arranging their affairs, than maximising the return on them. The mindset alters, believe me.

 

[Toffeelover]

Not a clue. Most small companies, (and in terms of business, most football clubs are small) have insurance type stuff in place to finance the purchase of a deceased shareholders holdings for the other directors.

So director A dies, a lump sum is made available for directors B C and D to buy the shares. Or for his wife or husband to do likewise.

Or they might just form part of his estate, and would be sold, then distributed under the terms of the will, or could even just pass to his wife, or kids, or the dogs home.

Other options as well.

But that suggests to me that Bill would be. lets say, open to realistic negotiations at this time in his life. Note, I do not have a clue about his health, but he is getting on regardless, and I have dealt with loads of elderly clients who are more interested in arranging their affairs, than maximising the return on them. The mindset alters, believe me.

Very true what you say Mate but if BK is so ill (and we do not know for sure or how badly) the subsequent destination of the shares would be a major concern to us. A point which has not been considered in all this talk.

 

[roydo]

Very true what you say Mate but if BK is so ill (and we do not know for sure or how badly) the subsequent destination of the shares would be a major concern to us. A point which has not been considered in all this talk.

It has by me, hence the stuff about why I think something is inevitable.

 

[Woolverhampton_Blue]

Liverpool's problem is that they have sold their key players and spent the subsequent proceeds on mainly tosh. It's been an out-in process.

They've lost the likes of Suarez, Sterling (still overly rated) and Agger and brought in Lambert, Origi, Lallana, Markovic et al.

If you pay over-inflated prices for mediocre players and generally waste money then you won't succeed regardless of your expenditure.

The likes of City, United and Chelsea have in the mainstay (a few silly signings on the way) bought much better players and at better prices.

I genuinely think that with an extra £30-40m to spend in a transfer window we could be a consistent top six team, if not even higher.

All very true, although our (possible) new owners could end up being just as rubbish at investment in the squad as Liverpool's American owners are.

 

[Baines' left foot]

So let's get this straight.

The chairman of Everton is under pressure. There have been protests against his tenure, there's an AGM coming up and he's going to be asked difficult questions. People are going to claim that he's not put the club for sale, or if he has, the price is unreasonable and is preventing a sale.

Said chairman has therefore asked an associate to feign interest in buying the club, before going on record as saying he was put off by the price. And this is supposed to take the pressure off?

The mind boggles.

A typically negative post from someone who no doubt can't wait until this (possibly) turns out to be untrue or falls through, just so you can say "I told you so" and feel all smug. There's far too many Everton 'fans' with this mentality. It's sad.

If it does happen your post will be the first one I look for to say "I told you so".

 

[micknick]

A typically negative post from someone who no doubt can't wait until this (possibly) turns out to be untrue or falls through, just so you can say "I told you so" and feel all smug. There's far too many Everton 'fans' with this mentality. It's sad.

If it does happen your post will be the first one I look for to say "I told you so".

Im not sure you understood his post...

 

[Baines' left foot]

Im not sure you understood his post...

I'm not sure you understand that I'm a knob head, and a bit bored.

 

[micknick]

I'm not sure you understand that I'm a knob head, and a bit bored.

Oh I know that mate

 

[Steve Wigan]

Not a clue. Most small companies, (and in terms of business, most football clubs are small) have insurance type stuff in place to finance the purchase of a deceased shareholders holdings for the other directors.

So director A dies, a lump sum is made available for directors B C and D to buy the shares. Or for his wife or husband to do likewise.

Or they might just form part of his estate, and would be sold, then distributed under the terms of the will, or could even just pass to his wife, or kids, or the dogs home.

Other options as well.

But that suggests to me that Bill would be. lets say, open to realistic negotiations at this time in his life. Note, I do not have a clue about his health, but he is getting on regardless, and I have dealt with loads of elderly clients who are more interested in arranging their affairs, than maximising the return on them. The mindset alters, believe me.

I'm 4 years older than Bill...so if he's 'getting on' I suppose I'd better retire and put my feet up....believe me, if you run a small company(and I mean SMALL!) you just keep at it as long as you can. As you get older you trust other people(employees, family etc) less and less when it comes to your business! Don't forget Bill is chairman of a few other companies, related to his day job..and his daughter and Jenny are involved in that side of his business.

 

[hibbo'sclass]

Not a clue. Most small companies, (and in terms of business, most football clubs are small) have insurance type stuff in place to finance the purchase of a deceased shareholders holdings for the other directors.

So director A dies, a lump sum is made available for directors B C and D to buy the shares. Or for his wife or husband to do likewise.

Or they might just form part of his estate, and would be sold, then distributed under the terms of the will, or could even just pass to his wife, or kids, or the dogs home.

Other options as well.

But that suggests to me that Bill would be. lets say, open to realistic negotiations at this time in his life. Note, I do not have a clue about his health, but he is getting on regardless, and I have dealt with loads of elderly clients who are more interested in arranging their affairs, than maximising the return on them. The mindset alters, believe me.

If my understanding is correct there is no amendment to the articles stating that shares must be offered to existing shareholders, they go to his estate/personal representative - Article 7.
Unless there is a legally binding share agreement in place with the other main shareholders of course

 

[SerenityNigh]

Not really. But it hasnt gone away either.

So it's like a rash?

 

[Deleted member 28206]

This is pretty much like the transfer thread, a festering hot mess of boiling piss.

 

[formerly manx toffee]

Has there been a Rumour ?

 

[Toast]

As previously mentioned, BK's health is now in the forefront of news.
We all I would hope wish him all the best.

 

[neil999]

This is pretty much like the transfer thread, a festering hot mess of boiling piss.

I don't think your posts are that bad?