Latest Takeover Rumour. The Moores / Noell one

[steken1]

My major concern, and that of many Evertonians, is leaving the choice of successor completely in the hands of the directors. Yes they own the majority of the shares and they can of course dispose of these shares as they see fit, but as directors they have a legal responsibility to act in the best interests of the company, ahead of any self interest.

You'd have to be a special kind of naive to expect anybody to actually uphold that!!

 

[D410]

Letting your customers run your business is a recipe for disaster...

Voice of the customer an all that eh, to think all these billion dollar business are throwing bad money away on listening to customers.

 

[hibbo'sclass]

Pretty sure we are mortgaged to the hilt on Goodison and the land.

So, yes. We have sold all our assets.

Look at Goodison Park Stadium Limited and Everton Investments Limited accounts and on Companies House mate.
In effect Goodison is surety for the Prudential Trustees loan that stood at about 20 mil in the last accounts from memory.

 

[D410]

You'd have to be a special kind of naive to expect anybody to actually uphold that!!

It is most definitely their legal responsibility, under Part10 of the Companies Act 2006, which states, unequivocally, that they must promote the success of the company having regard to the likely consequences of any decision, furthermore, directors must consider whether a deal is the best deal for the company as opposed to the directors personally.

 

[Goat]

in what respect mate?

The veil of secrecy, Bills "illness", the lack of suntanbob anywhere in the media, something is rotten, very, very rotten.

 

[bluerobert]

So, we don't own anything apart from the players.

You used asset striping a bad thing, and are now justifying our current board for doing it.

Having a loan secured against a stadium doesn't mean we don't own it. Every loan has to be secured against some asset otherwise you'd never get a loan. I'm not excusing it, my original post said it could be worse and it can. I don't really see what you don't get about that?

 

[billytoffee]

The whole thing stinks to me, like rotten eggs.

Are you sure you haven't shat your pants again?

 

[Callum_efc]

The veil of secrecy, Bills "illness", the lack of suntanbob anywhere in the media, something is rotten, very, very rotten.

and we can't kick off until the club has officially been sold?

 

[Pabbers]

Having a loan secured against a stadium doesn't mean we don't own it. Every loan has to be secured against some asset otherwise you'd never get a loan. I'm not excusing it, my original post said it could be worse and it can. I don't really see what you don't get about that?

But you are ignoring the sale of or other assets.

I don't really see how it could be worse, they wont come in Spend £200 million, and sell our players and take all the sky money and let the club die....they have no history of that at all, nobody has.

 

[Goat]

and we can't kick off until the club has officially been sold?

In a few weeks ST renewals will be falling through peoples doors, they need to pipe up before then, surely?

 

[TheAlmightyFloater]

My only concern is that they don't care for the club as much as Kenwright apparently did.

Look at Kenwright who came out publicly and put the foot down on the Stones transfer saga.

We need folks at the top who won't accept every offer over £35m for our best players. We need a board that will invest in the future by turning down transfer fees in favour of a long term project. Hopefully this new lot will but into our future and won't look to make money immediately.

 

[bluerobert]

But you are ignoring the sale of or other assets.

I don't really see how it could be worse, they wont come in Spend £200 million, and sell our players and take all the sky money and let the club die....they have no history of that at all, nobody has.

I never said they did, I just said it could be worse. The only assets you've told me we sold is land and the training ground. So other then the stadium, players, brand etc what else could we possibly own? We are a football club, we aren't some hedge fund with masses of holdings

 

[SerenityNigh]

The veil of secrecy, Bills "illness", the lack of suntanbob anywhere in the media, something is rotten, very, very rotten.

Is that you @davek?

 

[steken1]

Voice of the customer an all that eh, to think all these billion dollar business are throwing bad money away on listening to customers.

It is most definitely their legal responsibility, under Part10 of the Companies Act 2006, which states, unequivocally, that they must promote the success of the company having regard to the likely consequences of any decision, furthermore, directors must consider whether a deal is the best deal for the company as opposed to the directors personally.

I didn't suggest not listening to them. I suggested not doing things just because they say so. Football polarises. Ultimately you must do what you think is best without being swayed too far from the ideal.

On the second point. I'm not denying a law exists. But we ALL know that it's a nonsense. I know personally of a guy who's collapsed 15-20 companies in the last 10 years and either liquidated or sold them all in his best interests. Nobodies knocking on his door..

 

[Goat]

Is that you @davek?

My eyes are wide open, wide open, I see all and miss nothing.