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

[Dithering Dougie]

First sentence is garbage too

So's the second sentence.

 

[TheFinnFan]

First sentence is garbage too

So's the second sentence.

So's this

 

[hibbo'sclass]

Wouldn't it have been illegal for them to have taken a divvy in the years we made losses?

If there are accumulated losses, still can't/shouldn't oay a dividend. S820 2006 Companies Act expands on it.

 

[daz4matty]

So's this

Explain what you mean an stop acting like a clown.
You obviously have somethin to say so say it

 

[daz4matty]

So's the second sentence.

Hope you have done your homework and had your milk

 

[daz4matty]

First sentence is garbage too

You explain why then.
No need to act clever just explain why its garbage

 

[Librarian]

Careful what you wish for though, we don't want to be russian into anything

 

[Billy Dean]

Careful what you wish for though, we don't want to be russian into anything

I wish they'd just get on with the deal and quit Stalin

 

[TheFinnFan]

Explain what you mean an stop acting like a clown.
You obviously have somethin to say so say it

I ment that it's childish to suggest that our board wouldnt want good things to Everton...I quess you mean that all they care is that they get big bucks. I believe that they have been working hard to find suitable new investors/owners.

 

[Librarian]

We should contact Bilyaletdinov, see if he'll Putin a good word for us

 

[SerenityNigh]

You explain why then.
No need to act clever just explain why its garbage

I don't believe they take nothing out mate.
They will wait a few seasons with millions being pumped into the prem then sell when they feel it has peaked.
The board put themselves first mate the last thing on their mind is how will it effect the club

I assume by "I don't believe they take nothing out" you mean to say the board is actively taking money out of the club, but there's no evidence for such. Many here believe that for the board to sell the club at a large profit is criminal; while I disagree, at least I understand that reasoning. Still, when the board sell then they will have taken money out of the club. As it stands currently, the club only makes nominal payments to any directors (i.e., Elstone's salary), and there isn't anything in the audit showing any other payments to the club's shareholders. Many have speculated that this occurs, but the evidence is hidden in the Other Operating Costs (speculative and unlikely), or is obfuscating by the loans that WT moans on and on about.

In the end, the shareholders have every (legal) right to take money from the club, even if the club's supporters wouldn't agree with the actions. If the shareholders were to take money out of the club, or make a profit from the club in a related-party transaction, this should be disclosed in the audit. The only reason they should not do so is if they were afraid of the public backlash. To take money from the club, but not disclose it, might be a criminal offense of fraud because of the requirement to report the action, and it honestly doesn't make any sense to "steal" smaller amounts of money from yourself when you can legally and honestly make a much larger profit by simply selling the club.

I think I understand the conspiracist take, which to me seems honestly more motivated by anger at the board regarding the club's results, but in the end it doesn't add up to thinking there is any actual financial theft. So, occam's razor and all that.

I think @the esk has done job in this thread; you might want to scroll through what he's written on this issue.

 

[Ruairi77]

We should contact Bilyaletdinov, see if he'll Putin a good word for us

If any Chelsea fans come on here complaining about their Russian owner, they can Crimea river.

 

[Dario Terracotta]

We should contact Bilyaletdinov, see if he'll Putin a good word for us

lol

 

[LouReedwalkonthewildside]

see if he'll Putin a good word for us

 

[USABlue]

that as legit of a rumor as you can get