The Everton Board Thread (Inc. Bill Kenwright / Blue Union)

[Silas]

I dont want to be unkind, but I think the saying is: 'cap in hand gets kick in teeth'. They take an alternative anti-fume approach - which is interesting like, but they're dealing with people who - if they cant exploit them - will ignore them or worse.

As I say, I dont think it's the way forward. You and I both know what the situation is with Everton supporters. If there isn't a knife at the throat it's a shrug of the shoulders and a bit of a grumble. A game changer might be a bottom half finish or Moyes jibbing it and finally walking out in frustration - the mass frustration would spill over, and, tbh, I dont think we need any vanguard organisation to get rid of kenwright and co when that point arrives.

I agree Dave. One of the main reasons we use the "anti -fume" approach because it is the approach that Evertonians are most comfortable with at this present time. This is why we are taking small steps towards making change rather than larger ones There simply isn't the appetite for a more aggressive approach as the whole scarf debate has proved. The tide is definitely turning though. Strangely our support has increased massively over the last week despite there being no significant changes at club level which is hard to fathom.

 

[davek]

I agree Dave. One of the main reasons we use the "anti -fume" approach because it is the approach that Evertonians are most comfortable with at this present time. This is why we are taking small steps towards making change rather than larger ones There simply isn't the appetite for a more aggressive approach as the whole scarf debate has proved. The tide is definitely turning though. Strangely our support has increased massively over the last week despite there being no significant changes at club level which is hard to fathom.

I think you have local hack David Prentice and his size twelve feet to thank there mate!

 

[Silas]

I think you have local hack David Prentice and his size twelve feet to thank there mate!

Aye, I think he has "helped". Phil Mc Nulty is following us now which is good. The People's Group has made an impact but my only fear is that the message gets lost amongst all these voices.

 

[bourneblue]

if we didn,t have moyes ,there would be no kenwright.

Now don't start planting seeds in the heads of the anti club morons.

 

[thebluefox]

Now don't start planting seeds in the heads of the anti club morons.

sorry lar ,only telling the truth

 

[Neiler]

Well they better had if you're telling them porkies!


By the way, from the accounts year-on-year net debt/turnover comparison (rounded up/down to nearest million; blue under Kenwright regime):


1993 £4M/£8M

1994 £4M/£9M

1995 £3M/£14M

1996 £15M/£17M

1997 £4M/£19M

1998 £5M/£23M

1999 £16m/£25M

2000 £15M/£28M

2001 £30M/£32M

2002 £28M/£38M

2003 £31M/£47M

2004 £43M/£45M

2005 £20M/£60M

2006 £22M/£58M

2007 £26M/£51M

2008 £38M/£76M

2009 £38M/£80M

2010 £45M/£75M


As you can see, the ratio of debt to revenue isn't better under the Kenwright regime is it?

Ha ha porkies indeed mate, i could query every single figure there. I would encourage people to check out the figures themselves and make their own minds up, im not here to trying to panic, scare or influence people.

Key points being - how much debt was inherted debt from Johnson and Daves figures are massively disstorted here - to name but 1 to call into question the credability of the figures we actually turned over 79.1 this year - but whats 4.1 mill between friends.

 

[davek]

Ha ha porkies indeed mate, i could query every single figure there. I would encourage people to check out the figures themselves and make their own minds up, im not here to trying to panic, scare or influence people.

Key points being - how much debt was inherted debt from Johnson and Daves figures are massively disstorted here - to name but 1 to call into question the credability of the figures we actually turned over 79.1 this year - but whats 4.1 mill between friends.

Sorry, yeah, the last one is out, but the rest is ok...they're from the club accounts!

Oh dear.

I'd say this makes you just about bankrupt.

Maybe you should check them out yourself instead of asking other people to do it for you?

So what does it demonstrate - that debt/revenue ratio was out of whack under Johnson but healthier under Kenwright? Nope:

Johnson left with net debt as 54% expressed in relation to total revenue; now under Kenwright it's 57%.

Ho hum.

 

[Neiler]

Sorry, yeah, the last one is out, but the rest is ok...they're from the club accounts!

Oh dear.

I'd say this makes you just about bankrupt.

Maybe you should check them out yourself instead of asking other people to do it for you?

So what does it demonstrate - that debt/revenue ratio was out of whack under Johnson but healthier under Kenwright? Nope:

Johnson left with net debt as 54% expressed in relation to total revenue; now under Kenwright it's 57%.

Ho hum.

Apology accepted mate, but i still would encourgae everybody to check the figures for themselves and make up their own minds, im not saying you lieing just that your wrong.

Your making huge assertions again of course, Kenwirght as you say inherited a debt ratio of 54% that debt didnt evaporate and accounts for 50% of our current debt before interest yet depending on the year he has bettered that ratio and maintained it despite the burden. But and this is the big point your missing we have a team filled with very well paid internationals, compeateing consistently at the top of the table, arent in a relgation battle every season, players arent being sold from one day to next behind the magers back, and we have enjoyed European adventures more years then not - which is surely the point of the whole exercise for a football club to be as successfull as possible on the football pitch - but no investment right, lol!

 

[stevietoffee]

http://www.petitiononline.co.uk/pet...and-general-running-of-the-football-club/3129

sign away boys and girls

 

[davek]

Apology accepted mate, but i still would encourgae everybody to check the figures for themselves and make up their own minds, im not saying you lieing just that your wrong.

Yer cheeky bugger. Hats off for the wind up though.

Your making huge assertions again of course, Kenwirght as you inherited a debt ratio of 54% that debt didnt evaporate and accounts for 50% of our current debt before interest yet depending on the year he has bettered that ratio and maintained it despite the burden. But and this is the big point your missing we have a team filled with very well paid internationals, compeateing comsistently at the top of the table, arent in a relgation battle and have enjoyed European adventures more years then not - which is surely the point of the whole exercise for a football club to be as successfull as possible on the football pitch.

I dont think you fully understood the figures mate. Allow me to explain. The debt/turnover ratio has risen in proportion to the accumulated increases since 2000. Things dont stand still mate. It's not like Bill inherited a figure of 54% and added another 3% to it! He's run that 57% ratio up himself.

Besides all that net debt stuff, the present regime have not only run up more debt but also saddled the club with £37M worth of interest repayments on the securitization deal - which is off that debt/turnover history. It's worth bearing in mind that Kenwright's appalling record on debt has been established during a freakishly good period for developeing revenue streams - a period Johnson and previous regimes never enjoyed.

You keep cheerleading though.

 

[Chang Elephant]

Seemed a little unusual that other clubs are paying "five times" the interest we are on "securitisation deals".

First club checked, Man U, have various loan tranches, for which the worst annual interest rate is 14% (possibly since risen to 16% if they reorganised it). Not quite five times our annual rate of 8% though.

 

[Neiler]

First club checked, Man U, have various loan tranches, for which the worst annual interest rate is 14% (possibly since risen to 16% if they reorganised it). Not quite five times our annual rate of 8% though.

Keep going mate, delve a little deeper - so we have a better rate of interest then Man U, ace - Kenwrong out!

*Of for a pint!

 

[Chang Elephant]

Keep going mate, delve a little deeper - so we have a better rate of interest then Man U, ace - Kenwrong out!

*Of for a pint!

That is their highest interest rate. Ours is better, but your 500% higher claim is a trifle out. Enjoy your Beamish/Murphy's/Guinness !

 

[Blue Lou]

Aye, I think he has "helped". Phil Mc Nulty is following us now which is good. The People's Group has made an impact but my only fear is that the message gets lost amongst all these voices.

It already has. People think their aim is to remove Kenwright, they say their aim is to highlight the board's failings.

 

[SweetJesus849]

Did anyone read the Chris Bascombe article for the NOTW out of interest? I only found it on Toffeeweb after reading Prentice's response of defence, then Googling said fellow (excellent creation that Google)

Prentice is right when he says there's no one there to just come in and replace Kenwright, which is fair enough, and no one really has the plan of action to get rid and then replace. But I found it so biased towards the club it was farcical.

Truth is, we're just going to have to deal with it for the time being and there's not much we can do about it, whether we like it or not.