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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
Status
Not open for further replies.
kithnou said:
http://www.liverpoolecho.co.uk/spor...ws/philip-green-asked-everton-shadow-12048863

Philip Green asked about Everton shadow director allegation and responded like this

Everton supporting MP Chris Matheson alleged Green had an undeclared role with Blues during football governance debate
  • CP42955263.jpg
Sir Philip Green
Philip Green has refused to comment on claims he was a shadow director at Everton.

The business magnate was asked about the allegation, made by MP Chris Matheson on Monday, by Sky Sports news reporter Bryan Swanson today.

But Swanson tweeted that the Arcadia boss was not prepared to discuss the claims, made during a Culture, Media and Sport Committee on the governance of football.

Addressing Greg Clarke, chairman of the Football Association, Goodison season-ticket holder Matheson brought up the subject of "offshore entities" involved with football clubs.

During the exchange he claimed that Green, who is facing calls to be stripped of his Knighthood following the collapse of one of his former businesses BHS, summoned a club chief executive and former manager to his offices to hold talks over the club's transfers.

Matheson said: "I understand that Sir Philip Green had something of a role of shadow director at Everton, including having PWC (accountancy firm Price Waterhouse Cooper) conduct an audit of the club and summoning the chief executive and the team manager to BHS headquarters to discuss transfer budgets.

"If someone has paid for some shares through someone else and through an entity in the British Virgin Islands, but isn't a director, would that a problem?"

JS77307093.jpg

Robert Elstone has denied the allegations that Green was a shadow director
The club have always denied having any undue involvement with Green, and at a General Meeting in November 2015 chief executive Robert Elstone rebuked a question on the matter.

He said: "Those questions were wrong and shouldn’t be asked. To repeatedly be asked about where we lend from and where Philip Green is in all this is just wrong.”

Matheson also quizzed Clarke over the specifics of two off-shore companies he said had links with Everton.

"Do you know who or what is Vibrac?" he said.

"Do you know who or what is BCR Sports?"

"Vibrac is an offshore entity....which I believe provided finance to Everton , West Ham, Fulham, Reading and Southampton.

PA-4293043.jpg

Actor Sylvester Stallone chats with Robert Earl (l) during the game, as Everton Chairman Bill Kenwright (r) looks on
"And I understand it has provided £150m worth of finance to European clubs, including those clubs I just stated, in 2013.

"And I believe Vibrac is registered in the British Virgin Islands. Does it ring any bells?"

Moving the conversation back to BCR Sports, Matheson added: "Until March 2016, Robert Earl was a director of Everton - and I should say I am a season ticket holder at Everton - declared 23% of the ownership at Everton through BCR Sports, registered in the British Virgin Islands.

"However, a previous director and, in fact, the previous owner of those shares, Paul Gregg, says he wasn't paid for those shares that were transferred to Robert Earl , by Robert Earl or even by BCR Sports ... by Sir Phillip Green who was not registered as a director at Everton.

"And I understand that Sir Philip Green had something of a role of shadow director at Everton, including having PWC conduct an audit of the club and summoning the chief executive and the team manager to BHS headquarters to discuss transfer budgets.

"If someone has paid for some share through someone else and through an entity in the British Virgin Islands, but isn't a director, would that a problem?"

In response Clarke said he was unaware of both Vibrac and BCR Sports.

In the wake of Swanson's tweet earlier today, freelance journalist Paul Brown tweeted: 'Premier League insist looked into ownership of #efc when Moshiri bought stake, found no evidence of Philip Green acting as 'shadow director'.
Click to expand...
Ooooh, look at the Echo reporting on suggestions Green was a shadow director....now that every other media outlet have done so and politicians are discussing it and when Green isn't part of the furniture here anymore.

Where were these crusading journalists when fans were asking them to ask questions?
 
davek said:
Ooooh, look at the Echo reporting on suggestions Green was a shadow director....now that every other media outlet have done so and politicians are discussing it and when Green isn't part of the furniture here anymore.

Where were these crusading journalists when fans were asking them to ask questions?
Click to expand...



Indeed, John Thompson at the echo will be at the centre of the spiders web.
 
D410 said:
Indeed, John Thompson at the echo will be at the centre of the spiders web.
Click to expand...
if the Echo had their way we'd still have Peter Johnson in charge. That McNulty turd did his bidding for him.

They don't give a damn about Everton. Their priority is Liverpool FC. End of story.
 

The Esk said:
...


The issue for me, and I suppose most others was that if he was involved as a shadow director, and if he was involved in financing the club, and financing other director/shareholder acquisitions at the same time why this was not declared, and even to the last AGM vehemently denied?
Click to expand...

I've slept a fair few times since the last AGM but my recollection of what Elstone said that night wasn't a denial, he just had a hissy fit and swerved the question, which, to my cynical mind at the time, I took as a "I don't want to answer that" when a simple "No, he's never been a shadow director" would have sufficed.

It was poor from Elstone, and he rightly got a lot of stick for it, but he was just an employee.

I will confess to knowing the square root of jack all about the MP who used parliamentary privilege to bring up this subject, but, if he's not just regurgitating internet rumours, then I hope he makes public his sources so it can be properly investigated.

If it turns out that there is proof that Green was acting as a shadow director then Bill and Jon have to go, and it would be hard to believe that Elstone wasn't aware of the situation so his position would be untenable too.
 
Woolly Blue said:
I will confess to knowing the square root of jack all about the MP who used parliamentary privilege to bring up this subject, but, if he's not just regurgitating internet rumours, then I hope he makes public his sources so it can be properly investigated.
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Agree with the rest of what you say, but what he has said under parliamentary privilege is almost verbatim watched toffee stance with the addition that VIBRAC loaned hundreds of millions to Premier and European teams.
Must admit, my understanding was that European teams were funded through Mousehole Limited, which is allegedly a sister company. Evidence for Mousehole involvement is in the charges registered against RMF.
Bed,Bootle, then Burnley for me.
 
hibbo'sclass said:
Agree with the rest of what you say, but what he has said under parliamentary privilege is almost verbatim watched toffee stance with the addition that VIBRAC loaned hundreds of millions to Premier and European teams.
Must admit, my understanding was that European teams were funded through Mousehole Limited, which is allegedly a sister company. Evidence for Mousehole involvement is in the charges registered against RMF.
Bed,Bootle, then Burnley for me.
Click to expand...

I'd be a tad disappointed, but not surprised, if he's just regurgitating Watched Toffee's rumours.

fwiw ... my gut reaction is, and has been for years, that Green was pulling strings over and above the role of an unpaid advisor and was, at best, pushing the boundaries of being a shadow director but :-

  1. I have nothing to back that up with, tis just a gut feeling and
  2. In the grand scheme of things, even if he was acting as a shadow director, I doubt it made any significant difference to how the club was run

... but I am an old cynic / pragmatist ( delete as appropriate )

If I see a middle aged gent with a copy of the IFRS standards under his arm at The Turf tomorrow, I'll buy you a coke or a coffee.

Hopefully it'll be tax deductable in some shape or form.
 
Woolly Blue said:
I'd be a tad disappointed, but not surprised, if he's just regurgitating Watched Toffee's rumours.

fwiw ... my gut reaction is, and has been for years, that Green was pulling strings over and above the role of an unpaid advisor and was, at best, pushing the boundaries of being a shadow director but :-

  1. I have nothing to back that up with, tis just a gut feeling and
  2. In the grand scheme of things, even if he was acting as a shadow director, I doubt it made any significant difference to how the club was run

... but I am an old cynic / pragmatist ( delete as appropriate )

If I see a middle aged gent with a copy of the IFRS standards under his arm at The Turf tomorrow, I'll buy you a coke or a coffee.

Hopefully it'll be tax deductable in some shape or form.
Click to expand...
Spent ages deconstructing WT accusations and misleading statements, but only due to the inaccuracies in the supposed evidence.

I think he probably advised and then some, but enough to be a shadow director, I just don't know. If you had someone with his pre (alleged) asset-stripping retail nous, would we consistently make losses on the retail side?
Pragmatism is good, cynicism is better though.
Oh, and should we ever meet up and I look anything like an accountant, you have my permission to shoot me - it'd be a mercy killing!!!
 
Woolly Blue said:
I've slept a fair few times since the last AGM but my recollection of what Elstone said that night wasn't a denial, he just had a hissy fit and swerved the question, which, to my cynical mind at the time, I took as a "I don't want to answer that" when a simple "No, he's never been a shadow director" would have sufficed.

It was poor from Elstone, and he rightly got a lot of stick for it, but he was just an employee.

I will confess to knowing the square root of jack all about the MP who used parliamentary privilege to bring up this subject, but, if he's not just regurgitating internet rumours, then I hope he makes public his sources so it can be properly investigated.

If it turns out that there is proof that Green was acting as a shadow director then Bill and Jon have to go, and it would be hard to believe that Elstone wasn't aware of the situation so his position would be untenable too.
Click to expand...

I have been informed by others that Matheson has additional evidence and it's not just a regurgitation of previously published rumours. As you say above, if true I hope this is published and outside of parliamentary privilege.

Just on the point about Elstone's comments at the AGM, I took this comment

'They are disgraceful questions. To paraphrase they are asking if we are doing anything illegal or have our hands in the till. To be asked that series of questions is so disrespectful in the extreme'

as a very strong, vehement denial of wrongdoing.

(PS to be balanced and to reflect accurately all that I have been told I have had members of the press tell me Matheson has no additional evidence - we will see)
 


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