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

[joger]

the esk is not the hero we deserve but need!

 

[Chang Elephant]

Am I reading it right with this watched cat that we sold players to REFF (Ray Ranson related co) and leased them back ??

 

[blue4eva77]

I don't know whether to laugh or cry. Some really really frightening tweets there. The news isn't anything new but there is some here that is new to me and has really hit home how much in trouble our club really is with these people at the helm.

I guess i could make the joke ' Everton that ' but i'm seriously very worried.

 

[Bluesnapper]

Don't think we did then, wasn't there was a problem obtaining planning permission for Bellfield and it wasn't sold for about 18 months or so after we moved.

Planning permission was refused first time around as they wanted to build too many homes on the site.

So they appealed as advised by their 'expert', who is still in place BTW, with MORE homes on the site.

It was taken to an inquiry and the inspector gave them a number of homes to build with the money going towards a new stadium.

 

[Dithering Dougie]

According to the accounts (from memory I do not have them in front of me) we have the 25 year loan signed in 2003 - approx 19m outstanding, last year's Vibrac which was settled in summer 2014 but a new one taken out in September - unknown outstanding until this year's accounts, small overdraft with Barclays (from memory) about £4 m which should have been repaid now.

Is there a case for the club being well run then like the vast majority in the media like to portray?

2002/2003 was clearly a crisis point and it looks like it could have been very bad if things had of been handled differently. But since then we've seemingly being paying down debt whilst our turnover has increased and we're continually achieving a very high standard on the field in comparison to our peers. After what looks like steadying the ship would you say the next step for the board would be to grow the business? ie Walton Hall development that would help with increased sponsorship deals and non football related incomes like conference facilities and the like?

Basically could a case be made for Kenwright and co actually being good businessmen that managed to keep us afloat with such a meager budget for so long, and maybe we might just be seeing light at the end of the tunnel.

If this was a normal business and say there was no partisan allegiances involved do you think the crisis management the owners seemingly undertook worked out?

 

[Moomin]

Is there a case for the club being well run then like the vast majority in the media like to portray?

2002/2003 was clearly a crisis point and it looks like it could have been very bad if things had of been handled differently. But since then we've seemingly being paying down debt whilst our turnover has increased and we're continually achieving a very high standard on the field in comparison to our peers. After what looks like steadying the ship would you say the next step for the board would be to grow the business? ie Walton Hall development that would help with increased sponsorship deals and non football related incomes like conference facilities and the like?

Basically could a case be made for Kenwright and co actually being good businessmen that managed to keep us afloat with such a meager budget for so long, and maybe we might just be seeing light at the end of the tunnel.

If this was a normal business and say there was no partisan allegiances involved do you think the crisis management the owners seemingly undertook worked out?

No.

 

[Chang Elephant]

Basically could a case be made for Kenwright and co actually being good businessmen that managed to keep us afloat with such a meager budget for so long

Only after ingesting LSD

 

[Whistlin' Dixie]

Is there a case for the club being well run then like the vast majority in the media like to portray?

2002/2003 was clearly a crisis point and it looks like it could have been very bad if things had of been handled differently. But since then we've seemingly being paying down debt whilst our turnover has increased and we're continually achieving a very high standard on the field in comparison to our peers. After what looks like steadying the ship would you say the next step for the board would be to grow the business? ie Walton Hall development that would help with increased sponsorship deals and non football related incomes like conference facilities and the like?

Basically could a case be made for Kenwright and co actually being good businessmen that managed to keep us afloat with such a meager budget for so long, and maybe we might just be seeing light at the end of the tunnel.

If this was a normal business and say there was no partisan allegiances involved do you think the crisis management the owners seemingly undertook worked out?

If it was a government in a country that had the same sort of mess and it took 16 years (and counting) without things improving significantly, they wouldn't have lasted 6 years unless they were some sort of junta.

 

[The Esk]

Is there a case for the club being well run then like the vast majority in the media like to portray?

2002/2003 was clearly a crisis point and it looks like it could have been very bad if things had of been handled differently. But since then we've seemingly being paying down debt whilst our turnover has increased and we're continually achieving a very high standard on the field in comparison to our peers. After what looks like steadying the ship would you say the next step for the board would be to grow the business? ie Walton Hall development that would help with increased sponsorship deals and non football related incomes like conference facilities and the like?

Basically could a case be made for Kenwright and co actually being good businessmen that managed to keep us afloat with such a meager budget for so long, and maybe we might just be seeing light at the end of the tunnel.

If this was a normal business and say there was no partisan allegiances involved do you think the crisis management the owners seemingly undertook worked out?

I try to be balanced mate, but seriously there's no case.

The only possible positive is that the business never went under. However this has to be considered against a background of a booming industry (if you consider the PL to be an industry) which has seen an enormous growth in revenues and huge amounts of capital thrown at it.

What have Everton seen? A rise in broadcasting revenues due to a collective agreement.

Yes we have done relatively well on the pitch given our finances, we have EITC, a wonderful academy and a great Former Players Foundation, but as a business we have survived just, whilst our competitors have flourished.

 

[Tommy Chong]

Am I reading it right with this watched cat that we sold players to REFF (Ray Ranson related co) and leased them back ??

I just read that.. It sounds like we took a mortgage out with REFF to finance the sale of players (initial payment and future finance lease installments), using the players value as security?

 

[joey_macmo]

How can we be "paying down debt" when borrowing increased in the last accounts?

 

[The Esk]

How can we be "paying down debt" when borrowing increased in the last accounts?

Cash levels were near £20 million from memory, thus net debt position significantly reduced.

 

[Dithering Dougie]

I try to be balanced mate, but seriously there's no case.

The only possible positive is that the business never went under. However this has to be considered against a background of a booming industry (if you consider the PL to be an industry) which has seen an enormous growth in revenues and huge amounts of capital thrown at it.

What have Everton seen? A rise in broadcasting revenues due to a collective agreement.

Yes we have done relatively well on the pitch given our finances, we have EITC, a wonderful academy and a great Former Players Foundation, but as a business we have survived just, whilst our competitors have flourished.

Surely debt down and under control while spending increases has got to count for something considering the mess the club was in? Like you say we've been very close to going under in the past. Obviously this has been subsidised by the TV deals recently but without the decisions made in the past it seems we would have truly been up the creek long before the big money arrived.

If selling wasnt an option, for whatever reason, what do you think they could or should have done differently to enable to business to survive and prosper?

I'm genuinely interested here by the way and not trying to stir things up with you. I just wonder whether they've been caught in a no win situation here.

 

[joey_macmo]

Cash levels were near £20 million from memory, thus net debt position significantly reduced.

Yes but borrowing increased to £49m which means we aren't "paying down debt" does it

 

[Bluesnapper]

Is there a case for the club being well run then like the vast majority in the media like to portray?

How can it be well run as they have sold all our assets, cannot attract a buyer, enters into crap deals and needs to take out loans via an offshore 'bank'.

Get a grip.