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

Is it time for Change...???

  • Kenwright an the Board out, We need Change.

    Votes: 503 80.0%

  • Im Happy with the way thing are. Kenwright an the Board should stay

    Votes: 126 20.0%
  • Total voters
    629
Status
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the esk said:
It's going to take the thick end of half a billion pounds (£500m) to buy the club, pay off debt, invest in the team and build a new stadium. No-one will want to buy the club and not do any of the above.

In this investment climate who is going to sink half a billion into Everton? No-one in my opinion, and that's why the people who want change without knowing what form that change will be are in my opinion dangerous to the clubs future.

Change is necessary, but change should only be sought when the solution is known.
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I totally agree, but I was just living in a dream world, a world in which the CURRENT board were able to spend 20m Net a Season.

The more I think about it, the more I realise what an awful "investment" Everton would make to anybody serious about getting a return in the next 50 years.
 
MikelsGoat said:
I totally agree, but I was just living in a dream world, a world in which the CURRENT board were able to spend 20m Net a Season.

The more I think about it, the more I realise what an awful "investment" Everton would make to anybody serious about getting a return in the next 50 years.
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If we had a net spend of £20m a season we would be playing Champions League every year!
 
MikelsGoat said:
Its hard to say, if we had spent 20m net since we broke the CL placing in 2005? and retained "maybe" Rooney, Lescott, Arteta and added the likes of Dzeko, Hazard, Witsel, Moutinho and Defour whos to say not?

Spurs havent really spent THAT much, net wise.
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Its arguable mate, you could also - blow your load on the likes of Davies, AVDM, Billy, Heitinga - even with that and say we were ahead of Chelsea or City by 5 pts in Jan they could go out and sign an Aguero, Toress etc. Its all ifs and buts - but even with your plan, your talking the guts of 100mill and we could easily not get close any way - its basicly what happened at Spurs and Villa which balooned and who have even in comparrison to us, poorer net spends then us in recent times. Thats a hell of a lot of wedge on transfers, post takeover wedge, huge wage bill, for a buissness in need of a new ground and turnover of 80 mill and 25 mill in long term debt that cant be paid down - would you take the risk? i wouldnt either.

Which bring me back to the irrelvencey of all the takeover stuff, thats before even considering that a new owner would give a flying one about the club - or just stick us on Chicken adds.
 
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Neiler said:
Its arguable mate, you could also - blow your load on the likes of Davies, AVDM, Billy, Heitinga - even with that and say we were ahead of Chelsea or City by 5 pts in Jan they could go out and sign an Aguero, Toress etc. Its all ifs and buts - but even with your plan, your talking the guts of 100mill and we could easily not close any way. Thats a hell of a lot of wedge on transfers, post takeover wedge, huge wage bill, for a buissness in need of a new ground and turnover of 80 mill and 25 mill in long temr debt that cant be paid down - would you take the risk? i wouldnt either.

Which bring me back to the irrelvencey of all the takeover stuff.
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I see that point of view.

But I just want a net spend, I want shiny new players.

If Kenwrong can give me them, I can forgive his lies, cos its the blue shirts on the pitch I care about
 

GrandOldTeam said:
People are forever saying Kenwright's valuation of the Club is too high - if that was the case, wouldn't the interested party adopt a "Steve Morgan Liverpool" approach?
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Steve Morgan was an existing large shareholder of LFC. He could mobilise support within and outside the club. Outside of Grantchesrer growing a pair there's really no figure like that for us and it would be almost impossible for anyone negotiating with the Everton board to get an agreement to look at a sale without being handcuffed in confidentiality clauses.
 
The only thing a new owner (unless more than a billionaire) may be able to offer, is the ability to run up more debt, which would make us less attractive to the next person. Also, if you are spending to compete in Europe then there's a good chance that money doesn't even come close to being won back (Rangers ?).

That George Downing could afford to buy the club. Or maybe build us a ground on some of his land ?
 

For the money the Arabs have had to spend getting that rubbish City team up to scratch, they could have bought us, added three players and built a new stadium in the park and still had £100M change...........
 
GrandOldTeam said:
People are forever saying Kenwright's valuation of the Club is too high - if that was the case, wouldn't the interested party adopt a "Steve Morgan Liverpool" approach?
Click to expand...

It has been confirmed there is a confidentiality clause tied into the sale by Kenwright. I think thats why we don't see this type of thing. imo publicising that they are after the club and breaking the clause could have a negative impact on other areas of thier business.

Theres an article in the papers today saying a serious buyer pulled out after being told the club was for sale at £100m and £40m of debt.
 
If your an investor. you would pay 100 mil for the club, then pay off the debt and spend the rest on the team, you wouldn't worry about a staduim, Chelsea didn't. Once the team is successful then you would build a new stadium. for 240m you could make Everton a top 4 team. £100mil for the club. £40mil for debt. £100mil on players.

Winning the Euro millions on tuesday and you can buy us.
 
The majority of the debt cant be paid down, so this thing about a new owner coming in and paying down the debt isnt feasable. The pru deal comes with penalties attached for it to be paid down. So you either buy the club with the pru debt and a 3mill a year liability, or pay the princiapal and something similar in liability upfront. Not vetry appealing in attracting investment tbh.
 
Neiler said:
The majority of the debt cant be paid down, so this thing about a new owner coming in and paying down the debt isnt feasable. The pru deal comes with penalties attached for it to be paid down. So you either buy the club with the pru debt and a 3mill a year liability, or pay the princiapal and something similar in liability upfront. Not vetry appealing in attracting investment tbh.
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The securitization deal costs the club £2.7m to service each year (out of a total debt servicing of £4.5M).

And all things can be renegotiated. It's no great obstacle to overcome.
 

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