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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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We might be attracting an offer from a Merican baseball bloke. But we might not.

His baseball team are in Merica, and rubbish/not bad/ace, depending on what post you read.

According to some guy named Rory, which is not a typical American name but he seems respected by people on the twitters, there is a contract for a period of exclusive review of due diligence related to a takeover. So, it's a legit rumor, but we don't have any specifics, nobody knows the details, and even the Yanks can't agree whether these guys were decent or terrible at baseball ownership, but everyone seems to think his club has a great ballpark that was almost entirely funded by the public.
 
Will do. Always the assumption I made for it to be viable. Ticket price rises and staying the same is much less appealing.



They're paying the asking price. Slightly more seriously, I'll put a tenner in the Alder Hey box next time I'm in there if it isn't. We'd both agree it's the most likely option, I'm sure?



Yup.



Is correct. Football creditors first, as long as taxman is kept happy.



Johnson era hand to mouth.



Correct. But irrelevant as club's costs can be tailored to meet.



Cayman Islands vehicle for high interest bearing loans, interest payments return the same way. Call it divine inspiration.

Agree on tickets

The share purchase may well not be leveraged as if both a ground and the buy out were leveraged FFP would probably be breached.
I'd say one or the other will be personally. There is actually a way of doing it by having a share issue of B shares which opens up the possibility of dividends being paid when the company has positive reserves. The down side is that dividend extraction is covered by FFP as well.

The old taxman first thing is now a bit of a myth and is the reason that HMRC take a hard line with Football Clubs, or is the very dim light at the back of my head switching to the fact that it is part of EPL rules.

No money owed to Johnson in the accounts.

Anglo American bid so certainly from a UK resident side the only conceivable advantage of an offshore holding company for the shares is currently a timing issue for CGT as if money were taken out and distributed, it would be taxed as income on the recipient if they were UK resident. Suppose you could put an offshore Trust in place to hold the shares in the holding company though.

Alder Hey thing - here's the link mate ;) https://www.justgiving.com/GrandOldTeam
 

Have the financial experts decided if this is a good deal or not yet?

FWIW, if it happens then £200 m is a very good deal indeed for shareholders. Is it a good deal for the club? That depends upon what comes with the deal in terms of much needed additional investment.
 

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