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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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It's old news but not great reading nonetheless
However, while the new £5.14bn television deal has lessened the need for to arrange funding from companies like Vibrac – which historically charged around 8% interest but ceased trading in 2014 – West Ham and Everton have taken out as yet unspecified loans as recently as August 2015 from another company called JG Funding. In the past, that has been provided funds from another entity registered at the same address at Vanterpool Plaza called Mousehole Limited, who Bloomberg alleged in 2014 is controlled by “a single anonymous investor” and have also arranged loans for a number of European clubs including Atlético Madrid, Espanyol, Getafe, Valencia and Hertha Berlin.

BCR Sports, another company with links to English football having provided funds for the purchase of 23% of shares in Everton by Bill Kenwright’s consortium through the American businessman Robert Earl, is also registered at the address.

There is no suggestion that any of the companies linked to GestiFute are connected to Vibrac, Mousehole or BCR Sports, other than sharing the same address.
 
It's old news but not great reading nonetheless
I postulated ages ago that VIBRAC was replaced by the 2 Manx companies, Carroch Holdings and Kirkton Investments, one for EFC loan, the other for WHU. These companies loan the money to JG as was, who loan it to EFC and WHU.
It is by no means inconceivable that the beneficial owners of Vibrac, Carroch and Kirkton are the same person(s).
Could go on for ages about the possible reason for restructuring of the debt, but have bored people enough.
 
I postulated ages ago that VIBRAC was replaced by the 2 Manx companies, Carroch Holdings and Kirkton Investments, one for EFC loan, the other for WHU. These companies loan the money to JG as was, who loan it to EFC and WHU.
It is by no means inconceivable that the beneficial owners of Vibrac, Carroch and Kirkton are the same person(s).
Could go on for ages about the possible reason for restructuring of the debt, but have bored people enough.
I think you're right and also that Bloomberg come to a similar conclusion
 
I postulated ages ago that VIBRAC was replaced by the 2 Manx companies, Carroch Holdings and Kirkton Investments, one for EFC loan, the other for WHU. These companies loan the money to JG as was, who loan it to EFC and WHU.
It is by no means inconceivable that the beneficial owners of Vibrac, Carroch and Kirkton are the same person(s).
Could go on for ages about the possible reason for restructuring of the debt, but have bored people enough.

I suspect the details of the beneficial owners will be in the media shortly. There's a couple of journalists who are very confident they have the identity.....
 

I suspect the details of the beneficial owners will be in the media shortly. There's a couple of journalists who are very confident they have the identity.....
Weird one really as it would be impenetrable from the public record.
Surely unless the ben owners have fessed up, the only way of positively identifying them would be a leak from the Corporate Service Provider or, if they know the names, the Premier League, possibly the Football League following the Reading debacle.Or a break in at the CSP offices of course.
Interesting....
 
Weird one really as it would be impenetrable from the public record.
Surely unless the ben owners have fessed up, the only way of positively identifying them would be a leak from the Corporate Service Provider or, if they know the names, the Premier League, possibly the Football League following the Reading debacle.Or a break in at the CSP offices of course.
Interesting....

I genuinely do not know their source. There is a legal mechanism within the BVI for establishing ownership but that is "in extremis" matters of national security or terrorism - we obviously do not fall into that category.
 
;)
I genuinely do not know their source. There is a legal mechanism within the BVI for establishing ownership but that is "in extremis" matters of national security or terrorism - we obviously do not fall into that category.
Break-in or brown envelope it is then.
In the Isle of Man, the CSP must know the ben owner and confirms that they do on the Annual Return.
 

...the Shareholders Association have an interesting guest next week in Chris Matheson MP;

http://www.efcsa.org/2017/02/15/efcsa-forum-chris-matheson-mp/

Everton season ticket holder Matheson will discuss football governance. I wonder if he sees a contrast between the pre and post-Moshiri regimes and if Philip Green gets a mention.
Would he dare mention PG without Parliamentary privilege?

Isn't this the guy who has difficulty in distinguishing directors and shareholders?

*heads off to google prior to considering a £2 outlay
 
...very good point. I think he's the chap who might have asked about Green's Everton interest at a Standing Committee.
He asked Greg Clarke in the Culture Sport & Media Committee on FA Governance to do with BRC and the Greggs claim that he was paid by PG. Asked if one person allegedly buying shares through an offshore entity but apparently paid by a third party who wasn't a director would cause a governance problem. (Shouldn't do as the beneficial owner is the beneficial owner which was listed and declared as Earl in a personal capacity, not as a trustee)
Also asked about Vibrac, but I think this was after they had stopped providing finance, so don't really get his point.
Basically, asked Watched Toffee questions with privilege.

Think I'll save my £2.
 
He asked Greg Clarke in the Culture Sport & Media Committee on FA Governance to do with BRC and the Greggs claim that he was paid by PG. Asked if one person allegedly buying shares through an offshore entity but apparently paid by a third party who wasn't a director would cause a governance problem. (Shouldn't do as the beneficial owner is the beneficial owner which was listed and declared as Earl in a personal capacity, not as a trustee)
Also asked about Vibrac, but I think this was after they had stopped providing finance, so don't really get his point.
Basically, asked Watched Toffee questions with privilege.

Think I'll save my £2.

...I presume Parliamentary privilege stretches to Committees and not just the main House itself.
 

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