The Everton Board Thread 2015/16 [ Not takeover related ]

[hibbo'sclass]

Intersting read onLinkedln.

Also interesting that there appears to be not much else to go on.
Got my positive head on so taking this to mean he hasn't made any howlers.

 

[kanie46]

Yes,quite a positive cv.

 

[summerisle]

Profits down 50%

http://www.insidermedia.com/insider...owners-production-company-reveals-profit-drop

EVERTON OWNER'S PRODUCTION COMPANY REVEALS PROFIT DROP
By Richard Frost, Senior Digital Staff Writer

Profits have fallen by more than a half at the theatre and film production company run by Everton FC owner Bill Kenwright.

But a report signed on behalf of the theatre impresario said that the company's core shows "continue to attract substantial audiences and deliver year on year".

According to its latest set of accounts, Bill Kenwright Ltd generated pre-tax profits of £1.2m for the 2014 calendar year, down by 57 per cent on a year earlier. Turnover dropped by 24 per cent to £23.8m over the same period, with the UK's contribution dropping from £29.8m to £22.2m, rest-of-Europe rising from £440,000 to £1.6m, and rest-of-world going from £925,000 to zero.

Bill Kenwright Ltd's sole director is listed on Companies House as managing director Bill Kenwright. The accounts show that the director's remuneration in respect of qualifying services was £402,000 in 2014, down from £406,000 in 2013.

Bill Kenwright Ltd is wholly owned by Bill Kenwright Productions Ltd, whose sole director and shareholder is Bill Kenwright.

The Bill Kenwright Ltd accounts include a strategic report signed by company secretary Alan Sharp by order of the director, which said that "the company's core business, of producing quality theatrical plays and musicals, continues to yield reliable returns".

It said: "The company's core shows – like Evita, Joseph and other Andrew Lloyd Webber musicals, Blood Brothers, Dreamboats and plays from its Agatha Christie catalogue – continue to attract substantial audiences and deliver year on year.

"Furthermore, the company remains committed to its ongoing strategy of complementing its established shows with new productions and investments."

It added: "The company is performing strongly and is expected to generate a profit in 2015. The director is confident that the company will continue to prosper throughout 2015 and beyond."

As well as being the director and producer of a variety of plays and films, Bill Kenwright is also the owner and chairman of Everton. In recent weeks, some Everton fans have called on Kenwright to resign over a perceived lack of investment in the club and first-team squad.

 

[hibbo'sclass]

Profits down 50%

http://www.insidermedia.com/insider...owners-production-company-reveals-profit-drop

EVERTON OWNER'S PRODUCTION COMPANY REVEALS PROFIT DROP
By Richard Frost, Senior Digital Staff Writer

Profits have fallen by more than a half at the theatre and film production company run by Everton FC owner Bill Kenwright.

But a report signed on behalf of the theatre impresario said that the company's core shows "continue to attract substantial audiences and deliver year on year".

According to its latest set of accounts, Bill Kenwright Ltd generated pre-tax profits of £1.2m for the 2014 calendar year, down by 57 per cent on a year earlier. Turnover dropped by 24 per cent to £23.8m over the same period, with the UK's contribution dropping from £29.8m to £22.2m, rest-of-Europe rising from £440,000 to £1.6m, and rest-of-world going from £925,000 to zero.

Bill Kenwright Ltd's sole director is listed on Companies House as managing director Bill Kenwright. The accounts show that the director's remuneration in respect of qualifying services was £402,000 in 2014, down from £406,000 in 2013.

Bill Kenwright Ltd is wholly owned by Bill Kenwright Productions Ltd, whose sole director and shareholder is Bill Kenwright.

The Bill Kenwright Ltd accounts include a strategic report signed by company secretary Alan Sharp by order of the director, which said that "the company's core business, of producing quality theatrical plays and musicals, continues to yield reliable returns".

It said: "The company's core shows – like Evita, Joseph and other Andrew Lloyd Webber musicals, Blood Brothers, Dreamboats and plays from its Agatha Christie catalogue – continue to attract substantial audiences and deliver year on year.

"Furthermore, the company remains committed to its ongoing strategy of complementing its established shows with new productions and investments."

It added: "The company is performing strongly and is expected to generate a profit in 2015. The director is confident that the company will continue to prosper throughout 2015 and beyond."

As well as being the director and producer of a variety of plays and films, Bill Kenwright is also the owner and chairman of Everton. In recent weeks, some Everton fans have called on Kenwright to resign over a perceived lack of investment in the club and first-team squad.

Interesting piece.

 

[Azza]

So he has even less money than ever. Brilliant.

 

[maccavennie]

I agree with the 4k per share for minority interest, it's kind of what I was getting at earlier with my infamous 7,000 shares bit.

Just some musings, not fully thought through so feel free to take me apart as you wish

However....... if someone were to come in and pay 4k per share giving the 50m investment, lets say there are 5% underwriters expenses bringing it to 47.5mil.

All for paying down the debt, the only thing that I would say is that the only debt figures in the public domain are from May 14, for the club (not the group) were £26,924,000, VIBRAC + 6 million but assuming that firstly our overall indebtedness did not increase in either Sept 2014 or Aug 2015, what would the cost of clearing the debt actually be?

Presumably with early settlement charges etc, and on the assumption that the total debt level is still the same as May 2014,(the 6mil just with JG instead of A.N. Other), say that all of the £26,924,000 is now due to JG and the interest rate is the same as the old loan ie 8.8% which is allowed in full to reflect the early settlement, then the total repayable would be £29,293,312, leaving a balance of £18,206,688

By re-vamping the commercial activities/sponsorship deals, I am assuming that you are prioritising the Kitbag and Sodexo deals.

I will plead ignorance here, but is anyone aware of any break periods in either of these deals, if so when are they. Point I am making is bad as they are, can we buy our way out of them and make profits sufficient to justify doing so.

Or is it possible to repurchase Finch Farm with this money?

Where am I going with this - if we were paying a 25 year mortgage of £200,000,000 mortgage at 8% it would "only" cost £1,543,632.44p per month or £18,523,589.28p per annum. Leads to a positive cashflow of over 10 mil per annum. Unfortunately can't upload it, but used the Excel Loan amortisation spread sheet.

Now I know that no-one in their right mind is going to give a 100% mortgage on a stadium, but it is merely an illustration of what could be done if the debt were expunged in accordance with the thoughts of @the esk .

I'm going to turn computer and phone off so I get no alerts to tell me to stop talking rubbish.

I am pretty sure there was a chance to break away from kitbag this summer ( some kind of review ) but we decided to continue with the deal.

 

[Woolly Blue]

So he has even less money than ever. Brilliant.

No, not really, about the same would be my guess, which probably isn't a lot in hard cash.

His business is probably worth much the same as it was twelve months ago. Wet finger in the air ? Tens of millions of pounds based on revenue and profit.

If he owns the theatres and the land then you'd likely come up with a different sort of figure, but the bottom line is he doesn't have the hard cash or the assets needed to move the club forward.

 

[argietoffee]

Intersting read onLinkedln.

Nothing wow that CV.

 

[deejay]

Dont worry lads Blue Bill will make up for the loss. Watch for a rise in "other operating costs" in EFCs next accounts.

 

[The Esk]

Dont worry lads Blue Bill will make up for the loss. Watch for a rise in "other operating costs" in EFCs next accounts.

You know mate that sort of defamatory remark does not make the job of fans communicating with the Board and influencing change any easier.

There's no evidence of such, so why make this type of statement?

 

[Ashtonian]

Just a thinking out loud thought from a thread I just read.

isn't it wonderful that our chairman was one of the most important members in pushing for the get rich league. and his successors made damn sure we were going to piss it away.

actually sad thinking about it.

 

[Steve Wigan]

No, not really, about the same would be my guess, which probably isn't a lot in hard cash.

His business is probably worth much the same as it was twelve months ago. Wet finger in the air ? Tens of millions of pounds based on revenue and profit.

If he owns the theatres and the land then you'd likely come up with a different sort of figure, but the bottom line is he doesn't have the hard cash or the assets needed to move the club forward.

Film production from Bill Kenwright Productions has been negligible over the last couple of years...his daughter has produced one small movie and Bill has been trying unsuccessfully to get the Dixie Dean movie financed. A couple of major theatres have closed, and costs have risen even on Bills budget theatre musicals. Bill owns very little theatre property....a few years ago his profit on film production was around £14 million, not much for world wide sales, and almost equal to the grant he recieved for producing the Michelle Pfeiffer movie Chloe in 2009. HIs last involvement in movies was as co producer of the Tim Roth movie Broken in 2012...a film which got lots of awards but didn't make much money. The BBC contributed to the finance, so if you pay a TV license...thats were your money went !!!

 

[Chang Elephant]

 

[davek]

Profits down 50%

http://www.insidermedia.com/insider...owners-production-company-reveals-profit-drop

EVERTON OWNER'S PRODUCTION COMPANY REVEALS PROFIT DROP
By Richard Frost, Senior Digital Staff Writer

Profits have fallen by more than a half at the theatre and film production company run by Everton FC owner Bill Kenwright.

But a report signed on behalf of the theatre impresario said that the company's core shows "continue to attract substantial audiences and deliver year on year".

According to its latest set of accounts, Bill Kenwright Ltd generated pre-tax profits of £1.2m for the 2014 calendar year, down by 57 per cent on a year earlier. Turnover dropped by 24 per cent to £23.8m over the same period, with the UK's contribution dropping from £29.8m to £22.2m, rest-of-Europe rising from £440,000 to £1.6m, and rest-of-world going from £925,000 to zero.

Bill Kenwright Ltd's sole director is listed on Companies House as managing director Bill Kenwright. The accounts show that the director's remuneration in respect of qualifying services was £402,000 in 2014, down from £406,000 in 2013.

Bill Kenwright Ltd is wholly owned by Bill Kenwright Productions Ltd, whose sole director and shareholder is Bill Kenwright.

The Bill Kenwright Ltd accounts include a strategic report signed by company secretary Alan Sharp by order of the director, which said that "the company's core business, of producing quality theatrical plays and musicals, continues to yield reliable returns".

It said: "The company's core shows – like Evita, Joseph and other Andrew Lloyd Webber musicals, Blood Brothers, Dreamboats and plays from its Agatha Christie catalogue – continue to attract substantial audiences and deliver year on year.

"Furthermore, the company remains committed to its ongoing strategy of complementing its established shows with new productions and investments."

It added: "The company is performing strongly and is expected to generate a profit in 2015. The director is confident that the company will continue to prosper throughout 2015 and beyond."

As well as being the director and producer of a variety of plays and films, Bill Kenwright is also the owner and chairman of Everton. In recent weeks, some Everton fans have called on Kenwright to resign over a perceived lack of investment in the club and first-team squad.

He's committed to continue investing in his company. That's nice, and in stark contrast to just buying shares in Everton.

 

[tmgc]

http://www.liverpoolecho.co.uk/sport/st-georges-hall-celebration-service-10080040

I see Bill's now claiming it was his idea to bring Kendall in as manager.