The Everton Board Thread 2014/15

Is it time for change?

  • I'm happy with the way thing are. Kenwright and the Board should stay.

  • Kenwright and the board need to go. We need change.


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This is of interest, take note particularly of the parts in bold. To me basically it means the club is insolvent.

Beardwood report

Everton failed to make the top 20 of Forbes's recently-published list of the world's most valuable football clubs so the Liverpool Echo discussed the club's valuation with financial expert Joe Beardwood.

The business magazine ranks the Blues' supposed peers like Tottenham Hotspur (13th with a valuation of $600million), Newcastle United (18th, $349million) and West Ham United (19th, $309million) all in the top 20 but Everton did not make the cut despite appearing in the Deloitte money league, which tallies revenue and not worth.

In the opinion of Beardwood, who gave a recent presentation to the Shareholders Association, however, the club would likely be a lot lower than people might expect given Everton's place in the Deloitte table.

“Given the guidelines used in this report I doubt that Everton would even be in the top 40," he said.

“Forbes are calculating the final figures by using a club's enterprise value which is your equity minus debt. An issue that Everton have in this respect is that they're in negative equity as they have more debt than their assets are worth.

“When taking all of this into account Everton would be worth around $206million and given that Forbes are using an exchange rate of $1 to 62 pence then that makes Everton Football Club worth around £127million - which for me feels about right.

“Goodison Park is probably worth around £6million to Everton because if it is not going to be used as a football stadium then it's going to be sold for properties or business and that would be a fair value for a piece of land that size in Walton.

“A new stadium would probably cost around £200million and you'd be looking to get a 5% yield from that.

“It would cost around £10million per year to service the debt but how much extra revenue would you make from that?

“”I don't think that Everton need a new stadium. We fill 40,000 at the moment but we're not a corporate club.

“I'd agree that we'd need a new stadium if we were in London but I don't see any evidence that Everton could attract the likes of Vodafone or Microsoft into their ground to buy big boxes.

“Most of the people in the boxes at Everton are Liverpool businessmen who have made good."

Quotes sourced from Liverpool Echo
 
This is of interest, take note particularly of the parts in bold. To me basically it means the club is insolvent.

“Forbes are calculating the final figures by using a club's enterprise value which is your equity minus debt. An issue that Everton have in this respect is that they're in negative equity as they have more debt than their assets are worth.

Our debt is around £49m, we could sell 2 players and clear that if we wanted to so unless im missing something.
 
Joe Beardwood is ridiculously negative on how big we can be.

How it is now is not how it always must be.

Such a defeatist attitude is designed to keep Kenwright in power.
 

Joe Beardwood is ridiculously negative on how big we can be.

How it is now is not how it always must be.

Such a defeatist attitude is designed to keep Kenwright in power.
The clubs defo had a word. He was scathing towards them when speaking with the shareholders a few weeks ago, then a week later in the echo hes saying how we should be grateful
 
Our debt is around £49m, we could sell 2 players and clear that if we wanted to so unless im missing something.


There has to be something more than that figure, it was being stated that our deficit is greater than our assets. Have never seen the latest accounts so cannot point to anything but I bet it revolves around the Directors.
 

It'll take longer to get in next week as everyone is searched for banners...

Fighting a losing battle - the commentator on nbc USA wasn't happy with it- basically saying what a great guy he is and great job he's done. That's what the whole media will be like if they see it. Either they'll defend him or The fans will be laughed at. Either way it's pointless

All this sort of thing will do is hurt the club long term and create division.

This is why after next week I'm having a season off. I missed the United game and don't care especially with our small time reaction to it. It was games like that I was worried about missing and it turns out it wasn't that bad.

I believe it's like the government, dont agree with them and want change but it's not going to happen
 

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