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

Is it time for change?

  • I'm happy with the way thing are. Kenwright and the Board should stay.

    Votes: 75 10.2%
  • Kenwright and the board need to go. We need change.

    Votes: 558 76.2%
  • I'm indifferent. Can't decide.

    Votes: 99 13.5%

  • Total voters
    732
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Incidentally, although I despise him being our owner and genuinely do think he's refused to sell us many times in the past, I do hope Bill sells up, finally, and does get an important role in any new boardroom. I think he'd be ideal to have behind the scenes in an Honourary Chairman role or so on.
 
People need to stop just looking at the fact they'll want to make a profit as a terrible idea. They don't have a history of leveraged buyouts or asset stripping so the logical assumption is that they'll make their profit by improving the clubs revenue and standing in the game. Football is big business nowadays and most buyers are going to be looking to make a profit unless they're purchasing the club as a prestigious toy, it's not a bad thing by default unless they use underhanded tactics like asset stripping or leveraged buyouts which I repeat they have no history of doing. If they want to invest in us to give us a new stadium and get us in to the Champions League whilst finally improving our joke of a commercial operation so they can sell us on for a profit that is fine by me.
 
The swiftest way to improve the bottom line is to start finding out at which point ticket price increases start to eat into attendances. I'm sure there would be an improvement in marketing and sponsorships. They'd be needing to cover the interest on their loans they've used to buy the shares, so they'll have a huge incentive to do better there. But not sure we'd see any benefit to it.

This lot aren't good news. There's obviously room for a lot of improvement in a lot of ways for the club. Doing it to pay off the current majority shareholders to go, and then to provide a decent earner for some new owners really isn't what we need. We need the investment to begin a decent cycle of success > more money > more success, not to bob along as we are but with the money leaving the club. We should already know how crippling long term debt can be. We're already mortgaging our tv rights for the season to get the money in. We've a high interest loan there to a former owner too. Doubling down on that model would be stupid for everyone but the men who get a football club for free.

Higher ticket prices are almost a given to move or re-develop stadium and for it to be economically viable. Vault me and you'll see the figures I came up with.

You are assuming this to be a leveraged buy out, but what is the evidence for that?

By crippling long term debt, I assume that you are talking about AIB/Prudential trustees mortgage on gate receipts?

My understanding is that the JG Funding loan cannot exceed a certain amount as due to EPL rules debt to other clubs takes priority so enough must be left in the pot to pay deferred transfer fees. I will stand corrected though.

Where is this high interest loan to a former owner in the accounts, and which former owner are you talking about?

Taking any money out of the club has to be done with FFP taken into account.

Until any of the detail is made public really can't make assumptions.
 

No links to the sport so it will be an investment with a look to make a profit.
No thanks, very few septics I'd trust to run the club with the intention of doing what's best for Everton
We presently havea chairma who is Everton through and through, but is skint. The football expert on radio Merseyside said Kenwright had run the club "brilliantly" . Its amazing how many people in the game says that.

Very possibly we will have owners who are in it to make money, but with money to invest......fingers crossed I all works out.
 
We're still paying off a loan from Phillip Carter which I assume is what he's referring to but unless something's changed recently it's not high interest and there's not a lot of it left, it's a non issue.

@hibbo'sclass
 
People need to stop just looking at the fact they'll want to make a profit as a terrible idea. They don't have a history of leveraged buyouts or asset stripping so the logical assumption is that they'll make their profit by improving the clubs revenue and standing in the game. Football is big business nowadays and most buyers are going to be looking to make a profit unless they're purchasing the club as a prestigious toy, it's not a bad thing by default unless they use underhanded tactics like asset stripping or leveraged buyouts which I repeat they have no history of doing. If they want to invest in us to give us a new stadium and get us in to the Champions League whilst finally improving our joke of a commercial operation so they can sell us on for a profit that is fine by me.

Think some people are fearing an 'asset strip' mate, ie. all the most valuable players being flogged off for the owners profit, without realising that what is attracting the new buyers in the prem is the cash cow of the tv revenue, and to get that you need to be competitive in the division or else risk falling out of it. Either that or they fear the cost of purchase will be leveraged onto the club - which unless i am mistaken can't be really done when you don't have any actual brick and mortar assets like we don't.

End of the day there is absolutely nothing in these guys track records that show any form of asset strip mentality or behaviour, you don't buy a baseball team and own it for something like 14-15 years if the intention was a quick way to turn a buck

My best guess for what the plan they would have would be to buy out the club, try to get a new stadium built - obviously trying to get LCC investment or private naming rights etc to offset a large part of that whilst retaining their ownership of the stadium, a short/medium term investment into the playing squad to try to push us to the next level - ie consistent European qualification (CL being the major cash cow) - and then turn us over for a large profit. IF they fail in what they do then they could always just sell us up and not give as much 'scrutiny' about any potential buyers as the current owner so it really is a no lose situation for them, worst case they make a relatively ok profit, best case they make an absolute massive amount on us
 
We're still paying off a loan from Phillip Carter which I assume is what he's referring to but unless something's changed recently it's not high interest and there's not a lot of it left, it's a non issue.

@hibbo'sclass
Doesn't appear in the 2015 accounts mate.
In fact there is no note to the effect of any loan between directors and the company at least the last 10 years. Trust me I've gone through them often enough. :)
 

To me, its gonna have to happen sooner rather than later.

If you look at teams like West Ham and Spurs who have their stadiums sorted for the future. Palace getting a boost with a new investor. The RS expanding their ground. We're gonna get left behind.

The TV deals offsets lots of financial problems for an established premier league side. Sides are now turning over a profit where in the past, you hardly had any.

If this happened, the only worry would be spunking money up the wall and getting trigger happy with the manager. If it doesn't, we'll be in a very promising position.
 
Blane also believes the Americans would be looking to buy-out Everton’s three biggest shareholders - Bill Kenwright, Robert Earl and Jon Woods - and that if the figure of £200m is correct, then it places the overall value of the club at nearly £300m.

“The quoted deal value of £200m is going to be based on the top three guys and their majority shareholding so that gives an overall valuation of the club at just under £300m,” Blane added.

Not knocking the poster, just making comment on the quote by Blane.

That does not make a huge amount of sense - the £300 million figure is an enormous uplift on previously considered sensible valuations.

If he's talking about them just buying the board's interests, then this too is unlikely - no one usually acquires 68% of a company and stops there, especially if the plan is to invest substantially in the business thereafter.

If however he is correct, then alarm bells must ring as this then is just an acquisition to purchase a stake in an undervalued asset whose value will rise (they assume) as broadcasting revenues rise. It is difficult to see how the investment in the club that is required can be achieved through holding just 68%.

It might be the case that this group can access or provide debt funding for a new stadium development that obviously the current board cannot, but that's not what's required here - it's a full acquisition required, fully funded and with significant additional capital to pour into the club.

I'm afraid that comment creates more questions than answers.
 

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