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

[Dithering Dougie]

Why ? & isn't it Bourne ?

Oh yeah Born again..

 

[hibbo'sclass]

To let prospective buyers sell off subsidiary businesses that are owned by the Company !

Tell you what, go on to companies house beta service, look at the articles of association which were amended and filed in full to re-instate the AGM then tell me if there is any provision excluding the sale of property.
If EFC run the businesses, they can choose to close them at any time as long as they follow redundancy rules etc.
If EFC only own the properties and lease them to the businesses there would be an assignment clause in the lease which allows for the sale of the property with incumbent tenants.

 

[Brendan Janus]

Tell you what, go on to companies house beta service, look at the articles of association which were amended and filed in full to re-instate the AGM then tell me if there is any provision excluding the sale of property.
If EFC run the businesses, they can choose to close them at any time as long as they follow redundancy rules etc.
If EFC only own the properties and lease them to the businesses their would be an assignment clause in the lease which allows for the sale of the property with incumbent tenants.

As I said, the businesses are held on the balance sheet for sentimental purposes, Bill's sentimentality, but the actual value on the balance sheet is overly stated to keep the net assets looking a tad better !! Realistically to write them off wouldn't cripple the club, far from it, but buyers don't want them, there could be other businesses in and around Goodison, owned or subsidised by EFC, that I don't know !!

 

[hibbo'sclass]

@davek I start with the belief that the board are honest if nothing else. In that I include everyone who has served on the board since TBHL was wound up, so Sir Philip Carter and others as well.
Lying to the auditors about beneficial ownership is a serious matter and could lead to criminal charges for breach of Companies Acts and if it were done for tax evasion purposes there could be ramifications under the Proceeds of Crime Act.
Perhaps I just think the best of people, but conspiracy theories just don't do it for me to be honest.

 

[Dithering Dougie]

As I said, the businesses are held on the balance sheet for sentimental purposes, Bill's sentimentality, but the actual value on the balance sheet is overly stated to keep the net assets looking a tad better !! Realistically to write them off wouldn't cripple the club, far from it, but buyers don't want them, there could be other businesses in and around Goodison, owned or subsidised by EFC, that I don't know !!

So board haven't sold off all our assets?....

 

[hibbo'sclass]

As I said, the businesses are held on the balance sheet for sentimental purposes, Bill's sentimentality, but the actual value on the balance sheet is overly stated to keep the net assets looking a tad better !! Realistically to write them off wouldn't cripple the club, far from it, but buyers don't want them, there could be other businesses in and around Goodison, owned or subsidised by EFC, that I don't know !!

Sorry mate, I know that certain freehold properties are held within the group accounts apart from Goodison which is held via a subsidiary of EFCLtd to facilitate the AIB/Prudential Trustees Loan.
There is nothing to stop EFC selling it's assets.
If you are saying that Everton run these businesses, there is nothing to stop EFC selling the businesses as a going concern.
I'm certain that the auditors would not overstate their value on the balance sheet though.
If BK has shooed away buyers on the basis of a chippy and a newsagents he needs his bumps felt to say the least.

 

[hibbo'sclass]

That's good enough for me. IT'S ON !!!

It can't possibly be on because at no point in the story was a taxi driver mentioned.

 

[ToffeeDan]

Big News afoot. I believe within 3 weeks.

Taps nose. Celebrates with a beer.

 

[kithnou]

Big News afoot. I believe within 3 weeks.

Taps nose. Celebrates with a beer.

Mate, I trust you aren't winding people up based on your history of posting. I say that because this isn't the thread to be doing it to people.

 

[Zatara]

Its just a stupid pointless post...

"HEY LOOK AT ME LOOK AT ME".....

Then if theres any tiny bit of news:

"I WAS RIGHT I WAS RIGHT"

Mate, I trust you aren't winding people up based on your history of posting. I say that because this isn't the thread to be doing it to people.

 

[ToffeeDan]

Mate, I trust you aren't winding people up based on your history of posting. I say that because this isn't the thread to be doing it to people.

What history is this - good I presume.

And no. I'm not winding anyone up.

I'm merely saying I understand good news is in the offing. If I release details and I'm wrong then I will be vilified.

So. Let's see.

 

[tonka1878]

Big News afoot. I believe within 3 weeks.

Taps nose. Celebrates with a beer.

More chance of Big Foot news.

 

[kithnou]

What history is this - good I presume.

And no. I'm not winding anyone up.

I'm merely saying I understand good news is in the offing. If I release details and I'm wrong then I will be vilified.

So. Let's see.

Yes mate, based on your history of posting I don't believe you are winding up. Hope not

 

[summerisle]

Big News afoot. I believe within 3 weeks.

Taps nose. Celebrates with a beer.

 

[ToffeeDan]

Its just a stupid pointless post...

"HEY LOOK AT ME LOOK AT ME".....

Then if theres any tiny bit of news:

"I WAS RIGHT I WAS RIGHT"

Not my style. I've passed the information on to someone here. It's not something I want to

a. jeopardise
b. go public on

But - at the same time I trust the person who told me and I want to let you know.

I'm not a publicity seeker or BS merchant. Most would vouch for me I believe.