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

[Christiffa25]

Lets be honest if it wasnt for Wayne Rooney we could of been finished years ago under kenwright. Only the quality or luck (whichever you prefer) of moyes signings have kept our heads above water. Just Rooney and lescott brought 50M into the club. Another 10M Arteta ect ect...

Moyes has created his own transfer money over the years. Without him would we ever have bought a player?? Inspite of them lot moyes has kept us competitive. How long did we go on that clock without signing a player? And through all this tight purse strings out debt has just got bigger.

There incapable of sorting a stadium or finding investment. Arsenal got a massive injection of cash with emirates to build there stadium. Sponsorship deals are always poor compared to other simlar or worse clubs.

Look I think kenwright is a blue. He's not after ruining us, purposely anyway! But the guys he's jumped into bed with dont care about our club they just want a profit from a sale. And there all un-capable of sorting the club out and finding the guys to take us forward.

 

[Coach]

He didn't say they can't think, he said they don't, and it's true.

And you / he make this assertion based on what?

 

[nsno-chris]

It amazes me how how many people can comment on corporate finance, how a business should be run, how debt is and/or should be handled when probably 0.1% of posters actually have any working knowledge of such dealings.

 

[sheeds]

You tell me how it makes sense to fell Finch Farm and then rent the place back. Doesn't require much working knowledge to see how f***ing stupid that is.

To me you haven't got to be Philip green to see that that seems a ridiculous business strategy but there have been a few of those over the last decade . In a football related point to me the whole pienaar to spurs and back debacle is frankly chaotic as well.

 

[Brennan]

Note: We didn't sell FF, before anybody pulls me up on it. Should have had land somewhere in there.

 

[Coach]

You tell me how it makes sense to fell Finch Farm and then rent the place back. Doesn't require much working knowledge to see how f***ing stupid that is..

What working knowledge do you have?

 

[Deleted member 28206]

What working knowledge do you have?

Hi, see here.

http://www.grandoldteam.com/forum/t...esn-t-have-an-opinion-about?highlight=brennan

 

[Brennan]

What working knowledge do you have?

Explain to me how that's relevant ?

 

[carlos_the_jackal]

Explain to me how that's relevant ?

I'm guessing because it's pretty common practice which isn't questioned in business circles?

So I've been told anyway. I know **** all myself.

 

[Coach]

Explain to me how that's relevant ?

As you are pontificating on the matter I think it is pretty relevant.

How much working knowledge do you have as I would like to understand if you are qualified to make your assertion that lease financing is a stupid thing to do?

 

[Goat]

As you are pontificating on the matter I think it is pretty relevant.

How much working knowledge do you have as I would like to understand if you are qualified to make your assertion that lease financing is a stupid thing to do?

Read this :

Finch Farm was acquired in 2006 by Everton who later sold the land on for £2.1 million and then had it developed to the club’s specification by developers ROM Capital (an arm of the aAim Group) who are now known as Hudson Capital Properties.

Finch Farm was designed by North-West based architects AFL. The contract was valued at £9million. A site worker was killed during the final stages of development.

On completion, Finch Farm was valued by ROM Capital at £17 M. Everton signed a 50-year tenancy agreement with ROM Capital for Finch Farm. Everton have an option to purchase the site every 5 years.

Between the 2006/07 and 2007/08 financial accounts' "Other Operating Costs" increased significantly from £11.7m to £21.1m. The club largely attributed this rise to Finch Farm in the club's Financial Review in the annual report:

"Further significant increases in operating costs were also incurred in the year following the opening of the new Finch Farm training facility. The additional operating costs compared with those incurred at Bellefield are seen as a necessary investment to provide the appropriate training facilities required by both first team players and academy players at a Premier League club of Everton’s standing."

In October 2011, Hudson Capital Properties put Finch Farm on sale, the asking price was £15.3million



I dont need a degree in economics to know thats a bad deal.

Sell Land for 2.1m, then rent the land for 1m a Year.

TOTALLY SENSE MAKE LOTS

 

[Coach]

Read this :

Finch Farm was acquired in 2006 by Everton who later sold the land on for £2.1 million and then had it developed to the club’s specification by developers ROM Capital (an arm of the aAim Group) who are now known as Hudson Capital Properties.

Finch Farm was designed by North-West based architects AFL. The contract was valued at £9million. A site worker was killed during the final stages of development.

On completion, Finch Farm was valued by ROM Capital at £17 M. Everton signed a 50-year tenancy agreement with ROM Capital for Finch Farm. Everton have an option to purchase the site every 5 years.

Between the 2006/07 and 2007/08 financial accounts' "Other Operating Costs" increased significantly from £11.7m to £21.1m. The club largely attributed this rise to Finch Farm in the club's Financial Review in the annual report:

"Further significant increases in operating costs were also incurred in the year following the opening of the new Finch Farm training facility. The additional operating costs compared with those incurred at Bellefield are seen as a necessary investment to provide the appropriate training facilities required by both first team players and academy players at a Premier League club of Everton’s standing."

In October 2011, Hudson Capital Properties put Finch Farm on sale, the asking price was £15.3million



I dont need a degree in economics to know thats a bad deal.

Sell Land for 2.1m, then rent the land for 1m a Year.

TOTALLY SENSE MAKE LOTS

Haha Wikipedia.

 

[nsno-chris]

Read this :

Finch Farm was acquired in 2006 by Everton who later sold the land on for £2.1 million and then had it developed to the club’s specification by developers ROM Capital (an arm of the aAim Group) who are now known as Hudson Capital Properties.

Finch Farm was designed by North-West based architects AFL. The contract was valued at £9million. A site worker was killed during the final stages of development.

On completion, Finch Farm was valued by ROM Capital at £17 M. Everton signed a 50-year tenancy agreement with ROM Capital for Finch Farm. Everton have an option to purchase the site every 5 years.

Between the 2006/07 and 2007/08 financial accounts' "Other Operating Costs" increased significantly from £11.7m to £21.1m. The club largely attributed this rise to Finch Farm in the club's Financial Review in the annual report:

"Further significant increases in operating costs were also incurred in the year following the opening of the new Finch Farm training facility. The additional operating costs compared with those incurred at Bellefield are seen as a necessary investment to provide the appropriate training facilities required by both first team players and academy players at a Premier League club of Everton’s standing."

In October 2011, Hudson Capital Properties put Finch Farm on sale, the asking price was £15.3million



I dont need a degree in economics to know thats a bad deal.

Sell Land for 2.1m, then rent the land for 1m a Year.
TOTALLY SENSE MAKE LOTS

Not quite; sell land for £2.1m, have training facilities developed and built to your specifications and then lease it back.

 

[Coach]

Quite.

 

[Goat]

Haha Wikipedia.

Hahahaha you.

Not quite; sell land for £2.1m, have training facilities developed and built to your specifications and then lease it back.

So, instead of selling the land, then leasing the land, we could have built it for 9m.

We have already spent 5m in rent alone, thats soley based on the widely reported 1m a Year lease.

But then you notice that OOC have jumped 10m a Year, so you have to wonder how rich Mr Flymo has become in that time.