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

[neonleon]

Ermm, wouldn't an investor have to pay the same price ultimately? The amount knocked off the debt is ultimately just added to the clubs value, isn't it?

That would be for the seller to decide. Buying a club with a sh!tload of debt usually reduces the price because nobody wants to inherit that debt. Reducing the debt and getting rid of loans is a wise move. It stops the interest from snowballing and a better managed club can only be more attractive to buyers. If the club were debt free we'd have millions to spend on transfers a year not sweet FA.

Right now I'd sooner see us reduce the debt drastically than buy any players. We need to act as if some financial saviour isn't going to come along and get back in the black. Provided we can keep Moyes its all good.

Love to see a billionaire investor who wants to lavish us with money, but it would contradict every business principle going at the moment. How the hell would they make money out of Everton?

This is my one big question for the protestors. Given the current footballing business models, the lack of fit for purpose stadium and the fact that EFC isn't a globally recognised brand and that the price structures for season tickets etc have been pushed as far as they can go given the community support base - how does any potential investor expect to make money from EFC?

If the answer is spend 60 million on players to try and get into the Champions League, I'd suggest you think again. Nobody is doing that after what happened to Leeds. And with Spurs, Liverpool, United, Chelsea, Arsenal and City regularly throwing mass sums of money around 60 million isn't even guaranteed to get us into the UEFA league.

If you can't think of an answer, why should anyone want to buy EFC, other than to immediately asset strip it and sell it on at a profit? In which case, isn't Kenwright correct to be cautious about who he sells it to?

 

[Goat]

"I'm bored with that question. I'm not answering that question."

For me Kenwright is welcome to anything up to a 20% mark up on his purchase price. Not bad considering his disastrous stewardship of the business.

So 20% of 20m is 4m?

If he came out Tomorrow and said he wanted to sell for 24m, he would have a line stretching dawwn sath.

 

[davek]

His money back and a boot in the bollocks is well more than he deserves.

 

[thebluefox]

So 20% of 20m is 4m?

If he came out Tomorrow and said he wanted to sell for 24m, he would have a line stretching dawwn sath.

but boys pen ,mad evertonian, die for the club kenwright, wants a 1 in front of the 24 dirty b/////////d

 

[davek]

That would be for the seller to decide. Buying a club with a sh!tload of debt usually reduces the price because nobody wants to inherit that debt. Reducing the debt and getting rid of loans is a wise move. It stops the interest from snowballing and a better managed club can only be more attractive to buyers. If the club were debt free we'd have millions to spend on transfers a year not sweet FA.

Right now I'd sooner see us reduce the debt drastically than buy any players. We need to act as if some financial saviour isn't going to come along and get back in the black. Provided we can keep Moyes its all good.

Love to see a billionaire investor who wants to lavish us with money, but it would contradict every business principle going at the moment. How the hell would they make money out of Everton?

This is my one big question for the protestors. Given the current footballing business models, the lack of fit for purpose stadium and the fact that EFC isn't a globally recognised brand and that the price structures for season tickets etc have been pushed as far as they can go given the community support base - how does any potential investor expect to make money from EFC?

If the answer is spend 60 million on players to try and get into the Champions League, I'd suggest you think again. Nobody is doing that after what happened to Leeds. And with Spurs, Liverpool, United, Chelsea, Arsenal and City regularly throwing mass sums of money around 60 million isn't even guaranteed to get us into the UEFA league.

If you can't think of an answer, why should anyone want to buy EFC, other than to immediately asset strip it and sell it on at a profit? In which case, isn't Kenwright correct to be cautious about who he sells it to?

The profit is made on the sale. Ask Kenwright.

 

[BlackToffee]

So 20% of 20m is 4m?

If he came out Tomorrow and said he wanted to sell for 24m, he would have a line stretching dawwn sath.

Might have escaped your notice that he is not a majority shareholder in Everton, so the price would have to reflect the price of buying shares of all Directors, or are you happy to continue to have a spurs Director on Board. So, if he sold for £24m, that would only be for his 25% shares.

but boys pen ,mad evertonian, die for the club kenwright, wants a 1 in front of the 24 dirty b/////////d

so, are you saying that £241m is a fair price for the club or are you trying to be clever without being clever?

Or is this some Northern humour which has gone right over my Southern head?

 

[thebluefox]

Bluefox, care to advance this figure? Or are you happy with that? Or with your extensive knowledge can you name a reasonable price the club should be sold at? I only ask 'cuss you made the statement. Only asking you to back it up.

i wouldnt get into a debate with you ,extensive knowledge ,lets just leave it at that,i know slighty more than you hey slighty .

 

[BlackToffee]

His money back and a boot in the bollocks is well more than he deserves.

You're a fair man Dave, at least you want him to have his money back

 

[BlackToffee]

i wouldnt get into a debate with you ,extensive knowledge ,lets just leave it at that,i know slighty more than you hey slighty .

Since you claim to know slightly more than me, you should be able to answer the question without taking a breath, non?

 

[thebluefox]

Might have escaped your notice that he is not a majority shareholder in Everton, so the price would have to reflect the price of buying shares of all Directors, or are you happy to continue to have a spurs Director on Board. So, if he sold for £24m, that would only be for his 25% shares.

so, are you saying that £241m is a fair price for the club or are you trying to be clever without being clever?

Or is this some Northern humour which has gone right over my Southern head?

1 in front of 24 =124 nothing about northern humour there,sure your not from yorkshire were you getting 241 ,

 

[Basil Fawlty]

Let's keep it civil please lads

 

[BlackToffee]

1 in front of 24 =124 nothing about northern humour there,sure your not from yorkshire were you getting 241 ,

So, just to be clear, you think that £124m is a fair price?

Let's keep it civil please lads

I think I can do that, don't worry, peace has broken out, but the lad did imply that I was from Yorkshire

 

[Reidy's Bottle Of Grecian]

So, just to be clear, you think that £124m is a fair price?



I think I can do that, don't worry, peace has broken out, but the lad did imply that I was from Yorkshire

ridiculous, we all know you are from The Halifax

 

[Goat]

Might have escaped your notice that he is not a majority shareholder in Everton, so the price would have to reflect the price of buying shares of all Directors, or are you happy to continue to have a spurs Director on Board. So, if he sold for £24m, that would only be for his 25% shares.

so, are you saying that £241m is a fair price for the club or are you trying to be clever without being clever?

Or is this some Northern humour which has gone right over my Southern head?

No, "They" paid 20m for the Club, so I was using Changs 20% to make a grand total of 24m.

He does own the most shares and if you think that those 3 are seperate your more crazy than I thought.

 

[BlackToffee]

No, "They" paid 20m for the Club, so I was using Changs 20% to make a grand total of 24m.

He does own the most shares and if you think that those 3 are seperate your more crazy than I thought.

Don't have the latest accounts on me, so consulted the Guardian from 2008 which indicated;

http://www.guardian.co.uk/football/2009/jun/03/english-premier-league-debt

Accounts for the year to 31 May 2008

Ownership Shares in the Everton Football Club Company Limited are owned by:
Bill Kenwright 25%
Jon Woods 19%
Robert Earl (resident of Florida) 23%

Now granted all Directors are not listed (toffeeweb has a fully list but older list which shows his percentage as 23%), but if you can turn 25% into a majority shareholding, just to let you know, I'm holding a summer fate on Saturday, and I'd like you to turn water into wine and ensure that it doesn't rain.