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

[Chang Elephant]

Nearly 80% of people who voted in this poll wanted a change in the board, presumably any change or they'd have gone down the "Can't decide" route ?

To be fair, I know nothing about these people so can't judge if they're better, or worse, than the present lot. Might never happen anyway, time will tell.

Think you've got to imply a wish into that vote that the change is to better owners otherwise it wouldn't make sense.

 

[Archie]

Swansea didn't knock them back, they knocked Swansea back. You're not gonna grow Swansea, they're the size they'll always be & they already have a new-ish stadium.

He has a track record of building a a stadium to grow a business. Which is exactly what we need.

Swansea knocked them back when terms of agreement they wanted were revealed. All the 'investment' was payments to shareholders to buy 60% of the club and do a full takeover. But, yes, Moores has experience of demanding a new stadium for his sports franchise paid for by the taxpayer or threatening to take his franchise somewhere else which will. He's also not unfamiliar with federal corruption investigations either if that's a qualification.

 

[PhilEFC]

I'm getting my hopes up here.

 

[TommyDavo]

The thing that should interest us is their business plan to develop the club and the business - what they pay shareholders is irrelevant to all but shareholders - it's what they do with the club after acquiring it that's important.

Doubt there will be any detail of this whilst due diligence takes place (assuming press reports are accurate).

That's the bit I've never understood about the anti crew, why worry what a shareholder makes. If you're interested then you know the price, but more importantly the required commitment.

 

[Azza]

I'm getting my hopes up here.

You shouldn't mate, until there is a monorail express from Bidston to Walton Hall Park I'm not giving these Yanks the time of day.

 

[Hong Kong Phooey]

I'm getting my hopes up here.

I am too, but on the flip side this makes me sad as it all but confirms that Bill Kenwright isn't in a good place at the moment.

I think we all agree that he wouldn't be actively looking for a "buyer" if that wasn't the case. Investor yes, not a buyer.

 

[Woolly Blue]

Think you've got to imply a wish into that vote that the change is to better owners otherwise it wouldn't make sense.

Yea, I agree, but it's not really been the way that the argument's been put forward by many. Quite often I've seen arguments about new owners being worse than the devil we know swatted aside by people who are obsessed with getting shut of the current lot. "Better owners" is always open to debate. Say they invested money into the club which enabled it to grow, but later started taking half of any profits as dividends. Is that better, or worse ?

Personally I'd say it was better, but there's a fair few people who don't like the idea of anyone making money out of our club. It's not a black and white area, in some ways it might be "what is the least worse option".

I'm being a bit pedantic and playing devil's advocate, but there is some truth in it.

 

[Foot Long Hot Dog]

Swansea knocked them back when terms of agreement they wanted were revealed. All the 'investment' was payments to shareholders to buy 60% of the club and do a full takeover. But, yes, Moores has experience of demanding a new stadium for his sports franchise paid for by the taxpayer or threatening to take his franchise somewhere else which will. He's also not unfamiliar with federal corruption investigations either if that's a qualification.

They never made a formal offer for a stake of Swansea. They never followed up on the original discussions.

http://www.walesonline.co.uk/sport/football/football-news/investors-who-held-talks-over-10641437

 

[hibbo'sclass]

@Woolly Blue if they went down the dividends route they couldn't do it to excess anyway as dividends are treated as an expense against profits for FFP purposes IIRC.

 

[TommyDavo]

I am too, but on the flip side this makes me sad as it all but confirms that Bill Kenwright isn't in a good place at the moment.

I think we all agree that he wouldn't be actively looking for a "buyer" if that wasn't the case. Investor yes, not a buyer.

I am 55 and am considering it is time I got my affairs in order in terms of inheritance etc. , not that I am contemplating watching the Blues from on high just yet. No reason a man several years older shouldn't be doing the same

 

[zirc]

Sorry to be a sceptic but - http://sidespin.kinja.com/the-padres-suck-heres-why-472930403

Have a feeling this guy may only be in it for one thing...

Of course he is. Tell the truth, he sounds a lot like Bill Kenwright.

 

[sageyefc]

Soz cant post article on my phone

JOHN JAY MOORES
Having been a computer specialist for Shell Oil, Moores helped found BMC Software in 1980, a company that went from humble beginnings to becoming one of the largest software firms in the States. Going public eight years after its launch, Moores had helped turn a £1,000 original investment into a company making $200m sales within ten years.

Born in Texas 1944, he headed into venture capitalism including the founding of JMI Equity in 1992 – an investment firm specialising in software. Two years later he bought 80% of Major League Baseball franchise San Diego Padres for $80m – incidentally from current Liverpool chairman Tom Werner – and was credited with investing to hire star names and boosting attendance.

Moores said at the time: “My goal is to stabilise the club financially so that it can be competitive on the field and accepted in the community. We’re here for the long haul, and it helps that we’re using my money and not someone else’s.”

He eventually sold up two years ago for $800m having won four regional titles and one National League championship and overseen their move to a new stadium.

Moores invested in software company Peregrine Systems in 1989 and made $630m from the later selling of shares.

He has donated much of his earnings to others, a $51m contribution to the University of Houston in 1991 one of the largest in US history to a public university, establishing a cancer centre at San Diego Univsersity are among various payments to good causes.

Owning farms in Kentucky and Maryland, he set-up racing stable Merreibelle with long-time business partner Charles Noell and bought all of the stock previously owned by Irish-based Kilfrush Stud last year, promptly selling broadmare Immortal Verse for a European record $8.1m.

A personal friend of former US President Jimmy Carter, ten years ago Moores was recorded as among the richest 400 people in America, Forbes estimating his value at $730m; his wealth is believed to have grown since.

CHARLES NOELL
Noell co-founded JMI in 1992, based in Baltimore, having been the president of Moore’s family investment company since the previous year. He had previously occupied roles as a managing director at technology firms while also serving as an investment associate in the treasury division of American Security Bank and at Pittsburgh National Bank and handling several high-profile IT business deals.

Based in Baltimore, Noell, who attended Havard Business school, was part of Moore’s takeover of the Padres and served as vice chairman. He said of Moores at the time of their Padres control: “As much as he understands the software industry and has been successful at it, he loves sports.”

As well as his active involvement in the pair’s horse racing investment, he is a keen investor in property, paying close to £4m for Ardbraccan House, a mid-18th century estate on 120 acres near Navan, Republic of Ireland last year.

 

[Hong Kong Phooey]

Moores bought the San Diego Padres from Liverpool chairman Tom Werner. He is thought to be worth around $730 million (£492  million).


http://www.telegraph.co.uk/sport/fo...rton-line-up-200m-American-takeover-deal.html

 

[Verbal Kint]

A negative article could be written about every prospective very rich person buying a footy team.

Eg -
Abramovich - where he got his money from/business tactics.

The general rule of thumb is that very rich people get very rich using questionable tactics & upsetting people along the way.

True but worryingly he seems to have upset the Padres fans. Not sure the same comparison could be made with us although, In America that money is guaranteed if he comes to Everton and strips the club bare of all the playing assets (Stones,Barkley,Lukak etc) it doesn't take long for a slide to occur look at Villa.

Relegation is a factor, Lerner is going to make a considerable loss by selling Villa now id imagine.

The new Tv deal is dependant on premier league survival, can't see how asset stripping us, only assets are on the playing field and it doesn't make sense to sell them without investing back.

 

[PhilEFC]

I am too, but on the flip side this makes me sad as it all but confirms that Bill Kenwright isn't in a good place at the moment.

I think we all agree that he wouldn't be actively looking for a "buyer" if that wasn't the case. Investor yes, not a buyer.

I agree mate, I hope Bill gets better, it is sad if that's the case.