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

[daz4matty]

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.

You believe they have been working hard to find new owners what makes you think that?
I am sure they don't want us to suffer the board but for me they have let the club down with the investment and ground move fiasco's.

 

[daz4matty]

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.

Thats very well put but for me they are in it for what they can get out.
The investment has not gone in over the years and i don't even understand their thinking on the failed ground moves.
Maybe they are not taking anything out we don't know.
I still don't believe they are putting our future ahead of what they want out of it.

 

[Dithering Dougie]

Thats very well put but for me they are in it for what they can get out.
The investment has not gone in over the years and i don't even understand their thinking on the failed ground moves.
Maybe they are not taking anything out we don't know.
I still don't believe they are putting our future ahead of what they want out of it.

Just take your medicine that Serenity has dished out there.

 

[daz4matty]

Just take your medicine that Serenity has dished out there.

Typical coward hiding behind other people.
Have you got your timmy howard jam jams on yet

 

[Dithering Dougie]

Typical coward hiding behind other people.
Have you got your timmy howard jam jams on yet

Let's not turn this into anything personal Daz.

 

[hibbo'sclass]

@SerenityNigh
I agree with the senriment and most of the content of your post, but just to be clear

1. When the shareholders sell the club, thet don't take money out of the club, the shareholder is paid for the value of their share in the club - it costs the club nothing in cash terms, although it would probably lead to a lower cash investment in the club.

2. Shareholders do not have a legal right to take money unless it is a winding up of a solvent company, or may only be paid dividends from companies with retained profits in the normal course. EFC certainly did not have retained profits to do this with in 2014.

Sorry if it seems pedantic, but stops people going off on tangents.

 

[SerenityNigh]

Thats very well put but for me they are in it for what they can get out.
The investment has not gone in over the years and i don't even understand their thinking on the failed ground moves.
Maybe they are not taking anything out we don't know.
I still don't believe they are putting our future ahead of what they want out of it.

Fair enough, but do realize you are reading the evidence with your mind made up to reach the conclusion you think is right. You may be right, but it's not the evidence leading you to this conclusion.

 

[daz4matty]

Let's not turn this into anything personal Daz.

Don't keep hiding behind other posters then trying to dig me out

 

[daz4matty]

Fair enough, but do realize you are reading the evidence with your mind made up to reach the conclusion you think is right. You may be right, but it's not the evidence leading you to this conclusion.

Will have to agree to disagree mate

 

[Dithering Dougie]

Don't keep hiding behind other posters then trying to dig me out

Now stop if Matty and get back on topic with you're crazy theories.

 

[daz4matty]

Now stop if Matty and get back on topic with you're crazy theories.

Yawn

 

[SerenityNigh]

@SerenityNigh
I agree with the senriment and most of the content of your post, but just to be clear

1. When the shareholders sell the club, thet don't take money out of the club, the shareholder is paid for the value of their share in the club - it costs the club nothing in cash terms, although it would probably lead to a lower cash investment in the club.

2. Shareholders do not have a legal right to take money unless it is a winding up of a solvent company, or may only be paid dividends from companies with retained profits in the normal course. EFC certainly did not have retained profits to do this with in 2014.

Sorry if it seems pedantic, but stops people going off on tangents.

1. Exactly right
2. Dividends/profit is what I mean

Re: tangents, there's no stopping that

 

[Whistlin' Dixie]

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

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.

Sirs....

 

[Moomin]

Lads , this is a serious thread!! Less of the puns. And, on that note I Moscow.

 

[SerenityNigh]

Lads , this is a serious thread!! Less of the puns. And, on that note I Moscow.

I'm also sickle and tired of all the puns.