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

[bluesince68]

I'll admit i know very little of how these leagues and divisions work which if that is the case i will stand corrected. wiki tells me one title though in 1998, which title is that then they won?

1998 the Padres got beat in the world series 4 games to 1.

The national league west is a strong division ,the Sanfransco Giants have won 3 world series in 6 years,the Dodger's who are also in the division are the richest team in baseball (richer than the Yankees) with an amazing group of player's,and have made the playoffs the last 4 years,they changed manager now so should finally get to a world series their payroll deserves and the Diamondbacks are coming strong after a good season and have spent money this off season giving a starting pitcher a 210 million 6 year deal.Padres however have been an awful franchise since 98,that's because they have had a low payroll and any star player's they have had were traded,before the season they got 2 star player's in Upton and Kemp but still did terrible,they are what they call in america a small market team ,which in baseball is hard to match up against richer team's in big cities with major franchises in SanFrancisco LA NY Chicago StLouis although a small market team kansas City changed that trend winning a world series this october.No slight on the padres but they are in a division with 2 giants of the game in the Giants and Dodger's who have a history and the finances,also i might add Petco park the home of the padres is one of the best stadiums in baseball,and right next to the famous Gaslamp Quarter which is where the bars clubs pubs and restuarants are in San Diego,great parkin a great location in the city.

 

[Pacman]

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.

That's what I thought whilst becoming majority shareholders they wouldn't be looking to invest much money you would imagine unless owning the club fully.

Interesting how that Blane touches upon rumours of Chinese interest, I would like to see all the interested parties and their visions for the club's future before nailing my colours to one particular buyer.

 

[Screech]

Not sure, I was only made aware when I queried the Everton researcher about our debt levels on FM16 He gave a breakdown of our debt and it included a loan from Green that was originally for £21m but at the time of asking (early November this year) was almost fully paid up.

Green's a dodgy geezer so God knows what's going on there

 

[Whistlin' Dixie]

I would like to see all the interested parties and their visions for the club's future before nailing my colours to one particular buyer.

So would I, but the board have got a penchant for 'exclusivity' , haven't they?

 

[Screech]

Everton's finances are always a subject of mystery and great debate, however, let me try and explain. While we have access to the 13-14 accounts we are still awaiting the 14-15 accounts.

The game starts with Everton's debt at £96.54M, the £115M was the original debt figure.

21.8M - This debt is a loan took out in 2002, long term loan.

28.7M - This debt represents Finch Farm, the lease we have and the amount we will pay over the course of the duration. Everton may not include this as a debt as such in their accounts.

21M - Philip Green loan which is nearly repaid and clear

18M - This is the new season long loan we take out each year.

26M - This debt represents the 2015 transfer activity, the Lukaku outlay, I would expect evertons debt to rise when the 14-15 accounts are released as a result of the 2015 summer transfer activity.

Some of these debts may not be detailed in the 2013-2014 accounts released last year, but I believe this to be a fair reflection of the current financial situation. We will find out more when the 2014-2015 accounts are released which may be quite soon.

That's the post I mentioned above

 

[bluesince68]

Their division, the NL (National League) West, is the worst division in Baseball. The Padres are not considered a good team by any stretch of the imagination.

No where near the worst division in baseball.

The AL west is a poor division with the A's Angels Astro's Mariner's and Ranger's,NL west is far superior as i mentioned before the Giants have won 3 world series in 6 years and the Dodger's on paper with the biggest budget have the best roster in baseball no doubt.

 

[roydo]

Again, politely, please stop babbling about baseball. Unless it is specific to these lot, running teams, that sort of stuff.

 

[SerenityNigh]

@Coffee and TV
Thanks for that.
So if my reading of the above is correct, this guy doesn't know what the deal is, but is basing his statement on the chance that the 200mil figure quoted everywhere else is only for 70%.

The flip side of course is if the club is valued at 200mil, then to buy out the board would cost 140 mil.

Just thinking out loud.

Gotta think this means £200M for the club, not for the majority shares position. If it's the latter, I officially have some BRK/B shares on the market and will buy single EFC shares for a good price.

 

[ilikecheese]

Their division, the NL (National League) West, is the worst division in Baseball. The Padres are not considered a good team by any stretch of the imagination.

This is absolutely false.

The Padres are definitely the worst team in the division though.

 

[SerenityNigh]

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.

I don't think we'll see free tickets anytime soon, but gate revenue is increasingly minuscule relative to other revenues. The only reason to raise ST prices is to reduce ST sales and keep seats open for day trippers (like me, honestly), who are more likely to buy food and other items directly from the club.

 

[SerenityNigh]

Again, politely, please stop babbling about baseball. Unless it is specific to these lot, running teams, that sort of stuff.

TL;DR the contention is that the Moores group never did anything to improve a middling Padres team in a low-risk MLB environment, but instead prolonged mediocrity and so their resume suggests they won't likely improve EFC beyond the status quo.

But @roydo is right, pipe down you Yanks

 

[Screech]

Wait that was baseball they were discussing? I thought I'd just entered the foreign language section by mistake.

 

[roydo]

TL;DR the contention is that the Moores group never did anything to improve a middling Padres team in a low-risk MLB environment, but instead prolonged mediocrity and so their resume suggests they won't likely improve EFC beyond the status quo.

But @roydo is right, pipe down you Yanks

In context such as that, it is fine. But comparing the merits of leagues or whatever they are called is not.

 

[hibbo'sclass]

That's the post I mentioned above

Cheers mate.
Loans in 2015 accounts run to about 39.8mil, 19mil VIBRAC and 20.8 mil AIB/Prudential trustees.
Double checked and there is nothing to suggest a loan from Phillip Green in the accounts, no charge against club assets etc.
I really should get out more!

 

[joey_macmo]

I get the impression that the anti Bill brigade are already setting up a scenario were Bill gets blamed for selling the club to the wrong owners, so for Bill its a lose lose situation.....

If he does then Of course he's partly to blame. Just like Moores still gets stick to this day at Liverpool.

It's not a lose lose, if he sells to the right buyer which has been a major point for the pro Bill brigade for a long time then there is no problem.