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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.


Results are only viewable after voting.
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Because West Brom didn't have a weak and desperate chairman who would allow a couple of wrongun spivs to buy the bulk of their shares which they then sit on gaining massive annual interest payments and leaving their asset parked until some mugs build a stadium for them, at which point they'll sell up at around 400% profit.

I know your feelings about this Dave, but could you just explain 'massive interest payments'. Simple question, no agenda...just interested in what you mean.'Interest' would imply a loan, but shares just go up or down depending on the market. Everton shares of course are not like shares in a publicly quoted company, they are I think more like 'debentures' , as in Wimbledon Tennis shares?
 
Which board in the country in any line of business would let other "professionals" in to sell their business? There's plenty of people out there who would sell your house for you, but you would be stupid to let them do so.

You would get the professionals into sell your house.


The reason Everton have not been sold in my humble opinion is the ground which is dilapidated and also we are not in London, also and people on this forum I know will disagree with Kenwright wants it to be right for Everton.

Plenty of grounds have been built.

Plenty of clubs outside London have been sold, some more than once.

Kenwright has not one, not two but three sites handed to him on a plate and yet he has managed to balls it up.
 
I know your feelings about this Dave, but could you just explain 'massive interest payments'. Simple question, no agenda...just interested in what you mean.'Interest' would imply a loan, but shares just go up or down depending on the market. Everton shares of course are not like shares in a publicly quoted company, they are I think more like 'debentures' , as in Wimbledon Tennis shares?
Sorry, that was imprecise. I meant interest on loans made not dividends.
 
Sorry, that was imprecise. I meant interest on loans made not dividends.

Which loans would these be? Do you mean the annual loan from the BWI(?) , the implication being that Bob Earle benefits from this. If he's involved, he probably benefits from loans to other clubs(Fulham, etc) as loans to football clubs seems to be their main business. Business man in attempts to make money shock ?
 
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I know your feelings about this Dave, but could you just explain 'massive interest payments'. Simple question, no agenda...just interested in what you mean.'Interest' would imply a loan, but shares just go up or down depending on the market. Everton shares of course are not like shares in a publicly quoted company, they are I think more like 'debentures' , as in Wimbledon Tennis shares?

Steve, the shares are just like any other company shares. They're not quoted on any exchange but can be bought and sold on a matched bargain basis - the price fluctuates like other shares but has been reasonably stable in recent times.

The loans (as at 31st May 2014) are as follows:

£22,127,000 of loan notes (2013: £23,095,000) which are repayable in annual instalments over a 25 year period at a fixed interest rate of 7.79%. The first payment under the agreement was made on 30th September 2002 amounting to £1,588,000 with subsequent annual payments of £2,767,000 (including interest) starting on 30th September 2003. The notes will be repaid in a securitisation agreement serviced by future season ticket sales. The costs incurred in raising the finance, amounting to £710,000, have been offset against the original £30,000,000 loan, and are contained within prepaid finance costs and charged to the profit and loss in line with the interest charge over a period of 25 years.

Other loans also include £20,924,000 (2013: £12,868,000) secured by legal charges over the Company’s guaranteed Premier League broadcast
revenues. This loan incurs interest at a rate of 8.8% and was repaid in August 2014. A similar loan was renewed for the season just gone but to what amount will only be disclosed in the accounts to 31 May 2015.
 

Errr this one and hundreds around the world, Google Amanda Stavely and Keith Harris. Kenwright can be quoted on this.

On your second paragraph, you know if a company is for sale but one of its main assets is dilapidated? What happens to the price of said company?
Really think our missing the point here, that was businesses going out and bringing their own men in to assist a sale. This is BU a third party with really nothing to do with the business bringing some one in ,no business in the world would do that.
Hand on heart Joey if you had millions invested in a business would you let an unknown third party sell it for you?
 
Steve, the shares are just like any other company shares. They're not quoted on any exchange but can be bought and sold on a matched bargain basis - the price fluctuates like other shares but has been reasonably stable in recent times.

The loans (as at 31st May 2014) are as follows:

£22,127,000 of loan notes (2013: £23,095,000) which are repayable in annual instalments over a 25 year period at a fixed interest rate of 7.79%. The first payment under the agreement was made on 30th September 2002 amounting to £1,588,000 with subsequent annual payments of £2,767,000 (including interest) starting on 30th September 2003. The notes will be repaid in a securitisation agreement serviced by future season ticket sales. The costs incurred in raising the finance, amounting to £710,000, have been offset against the original £30,000,000 loan, and are contained within prepaid finance costs and charged to the profit and loss in line with the interest charge over a period of 25 years.

Other loans also include £20,924,000 (2013: £12,868,000) secured by legal charges over the Company’s guaranteed Premier League broadcast
revenues. This loan incurs interest at a rate of 8.8% and was repaid in August 2014. A similar loan was renewed for the season just gone but to what amount will only be disclosed in the accounts to 31 May 2015.

Yes...I agree with that, or take your word for it...I was more interested in Daves suggestion that Evertons directors were earning interest on these loans, either directly or through connections with the loan companies involved.
 
Really think our missing the point here, that was businesses going out and bringing their own men in to assist a sale. This is BU a third party with really nothing to do with the business bringing some one in ,no business in the world would do that.
Hand on heart Joey if you had millions invested in a business would you let an unknown third party sell it for you?

The third party will be professionals and as such would have a track record, so they wouldnt be unknown.
 
The third party will be professionals and as such would have a track record, so they wouldnt be unknown.

...but...but...are you able to name names? Come up with some worthwhile names who confirm an interest in selling Everton, and the BU immediately becomes more credible in everyones estimation. Just saying 'we'll get some professionals in' carries no weight at all. And what you do then is either present your names to the board as people who are prepared to help sell the club, or get your 'names' to approach the board directly. If the BU starts to do things the acceptable way, it may be less dramatic and rabble rousing for them, but it might just get them further towards their aims. Support for the BU will not gather momentum while support is so reliant on a massive leap of faith by supporters without evidence about progress...people are less concerned with continual repeats of the same old anti board mantras..come up with a supportable plan for the future and the BU stands a chance, otherwise, no chance.
 
just one word sums up this board ... stagnation , were going nowhere fast never have been since they took over, if you take on the mantra of plucky little Everton were skint and what do you expect and your happy plodding along being also ran's there doing a good job if not and you want a bit of ambition there not.
 

Frank McKenna, the business analyst on City Talk, has outright stated on Twitter that the people buying WBA were turned down by Everton.

Now Jeremy Peace owns WBA. He's a careful owner. He's done his homework. He's made sure whoever he's selling to are the right sort of people. So he's happy with them right now. So why have we turned these people down?
 
Frank McKenna, the business analyst on City Talk, has outright stated on Twitter that the people buying WBA were turned down by Everton.

Now Jeremy Peace owns WBA. He's a careful owner. He's done his homework. He's made sure whoever he's selling to are the right sort of people. So he's happy with them right now. So why have we turned these people down?

Because they're not the right owners for Everton in the current owners eyes.

Reminds me of Chandler in Friends. Every girl he goes out with he finds some reason to finish with her.

Her head is too big.

She has funny looking fingernails.

She uses the word" smashing" too much.

Her nose looks like a banana.

Her head is too small.

She once ate a gherkin sandwich.

All really stupid insignifcant reasons for not going out with someone but valid reasons for someone "waiting for the right person".

Problem is when you're like that the right person doesn't exist, you just keep turning them down until you die alone.

Well, or you get lucky and Billionairess who looks like Monica Geller comes along.
 
Because they're not the right owners for Everton in the current owners eyes.

Reminds me of Chandler in Friends. Every girl he goes out with he finds some reason to finish with her.

Her head is too big.

She has funny looking fingernails.

She uses the word" smashing" too much.

Her nose looks like a banana.

Her head is too small.

She once ate a gherkin sandwich.

All really stupid insignifcant reasons for not going out with someone but valid reasons for someone "waiting for the right person".

Problem is when you're like that the right person doesn't exist, you just keep turning them down until you die alone.

Well, or you get lucky and Billionairess who looks like Monica Geller comes along.

tumblr_mnupwbNttp1rvzv6jo1_500.gif
 

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