The Everton Board Thread 2014/15

Toffeelover · May 28, 2015

Exactly Esk, they have an inflated perception of the value of their stake and are seeking to give themselves a huge profit which at the end of the day will be harmful for the club, much they care about that. The bottom line is that as a club we are going nowhere just treading water or perhaps even going backwards.

Chang Elephant · May 28, 2015

Toffeelover said:
at the end of the day will be harmful for the club

It's been harmful already

Toffeelover · May 28, 2015

Chang Elephant said:
It's been harmful already

Shall we say more harmful

Number_25 · May 28, 2015

To put £200m into context...

The Glazers' bought Manchester United for £790m in 2005.
Roman Abramovich bought Chelsea for £140m in 2003.
Aston Villa are rumoured to have (potentially) cost £200m this summer.
West Brom are rumoured to have cost £150m.

£200m is the going rate for a club with this stature. I think the main issue is that Evertonians view that price as signs that Kenwright doesn't want to sell; but let me put forward an alternative view on the matter.

With what happened to Notts County, Portsmouth etc, is it so high as to ensure that the right calibre of buyer can be found? I don't think much money has gone back to the shareholders, so put that to bed please.

The Esk · May 28, 2015

Number_25 said:
To put £200m into context...

The Glazers' bought Manchester United for £790m in 2005.

Roman Abramovich bought Chelsea for £140m in 2003.

Aston Villa are rumoured to have (potentially) cost £200m this summer.

West Brom are rumoured to have cost £150m.

£200m is the going rate for a club with this stature. I think the main issue is that Evertonians view that price as signs that Kenwright doesn't want to sell; but let me put forward an alternative view on the matter.

With what happened to Notts County, Portsmouth etc, is it so high as to ensure that the right calibre of buyer can be found? I don't think much money has gone back to the shareholders, so put that to bed please.

Hi mate,

Please explain how the club is worth £200 million.

We've a negative balance sheet, require huge capital investment in a stadium and on the pitch, and prior to the latest TV deal we've run at an operating loss.

As a shareholder I'd be delighted to accept £5,700 a share, but I don't see anyone in their right mind offering that sort of money.

Number_25 · May 28, 2015

the esk said:
Hi mate,

Please explain how the club is worth £200 million.

We've a negative balance sheet, require huge capital investment in a stadium and on the pitch, and prior to the latest TV deal we've run at an operating loss.

As a shareholder I'd be delighted to accept £5,700 a share, but I don't see anyone in their right mind offering that sort of money.

I'm not entirely sure about the finances of WBA or Villa, but I'm assuming they're both in similar positions to us. (last time I went to Villa Park, things were grim)

maccavennie · May 28, 2015

the esk said:
Hi mate,

Please explain how the club is worth £200 million.

We've a negative balance sheet, require huge capital investment in a stadium and on the pitch, and prior to the latest TV deal we've run at an operating loss.

As a shareholder I'd be delighted to accept £5,700 a share, but I don't see anyone in their right mind offering that sort of money.

Out of interest Esk, as a shareholder do you get much of a say in anything or are notified about things? Do shareholders meetings still take place where you can air your grievances or opinions?

The Esk · May 28, 2015

maccavennie said:
Out of interest Esk, as a shareholder do you get much of a say in anything or are notified about things? Do shareholders meetings still take place where you can air your grievances or opinions?

No say at all mate, but then I'm a minority shareholder in a private company so don't expect anything.

sageyefc · May 28, 2015

Number_25 said:
I'm not entirely sure about the finances of WBA or Villa, but I'm assuming they're both in similar positions to us. (last time I went to Villa Park, things were grim)

They have off field assets, greater commercial income. And in WBA case theyve made a profit 2 years running and have low debt

sageyefc · May 28, 2015

sageyefc said:
They have off field assets, greater commercial income. And in WBA case theyve made a profit 2 years running and have low debt

Most importantly, they're actually for sale

maccavennie · May 28, 2015

the esk said:
No say at all mate, but then I'm a minority shareholder in a private company so don't expect anything.

Cheers mate.

Foot Long Hot Dog · May 28, 2015

sageyefc said:
They have off field assets, greater commercial income. And in WBA case theyve made a profit 2 years running and have low debt

Villa blew over £50m 2 years ago and even with the increase in TV revenue still blew £4m in their last accounts. They've also got a debt level more than twice what ours is.

That grass is certainly not greener

Whistlin' Dixie · May 28, 2015

Foot Long Hot Dog said:
Villa blew over £50m 2 years ago and even with the increase in TV revenue still blew £4m in their last accounts. They've also got a debt level more than twice what ours is.

That grass is certainly not greener

Perhaps not.

They'll still be sold before us, though.

Foot Long Hot Dog · May 28, 2015

Whistlin' Dixie said:
Perhaps not.

They'll still be sold before us, though.

Like Newcastle you mean?

Oh wait....

The Esk · May 28, 2015

Foot Long Hot Dog said:
Villa blew over £50m 2 years ago and even with the increase in TV revenue still blew £4m in their last accounts. They've also got a debt level more than twice what ours is.

That grass is certainly not greener

Whilst what you say is true, they do have tangible assets on the balance sheet with real value, namely their ground and a good chunk of land surrounding it.

I know we own our ground (or the bank providing the mortgage does) but it has little true value (£6m?)