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

[MapleLeafEvertonian]

Good ole canadian evertonian boy is marky mark. I can relate.

 

[BoysInBlue]

All joking aside, has there ever been a club in history that is of our size, and that has fans in prominent positions with connections to multi-millionaires/billionaires and people in the major financial sector, yet somehow still cannot 'find' the elusive investor that the club always claims they are looking for? You'd think somebody, at some stage, would use their connections to find an investor willing to bankroll the club (or at the very least to the point where we don't need to sell-to-buy players).

At this point, we could probably find out some Sheik was 'a fan of the club', and still, absolutely nothing would change on the investment front.

 

[davek]

All joking aside, has there ever been a club in history that is of our size, and that has fans in prominent positions with connections to multi-millionaires/billionaires and people in the major financial sector, yet somehow still cannot 'find' the elusive investor that the club always claims they are looking for? You'd think somebody, at some stage, would use their connections to find an investor willing to bankroll the club (or at the very least to the point where we don't need to sell-to-buy players).

At this point, we could probably find out some Sheik was 'a fan of the club', and still, absolutely nothing would change on the investment front.

That's because a billionaire already controls Everton and is prepared to wait until he can walk away with a big fat profit for the shares he has his proxy(ies) holding for him. The only way to break that up is for the Minister of Sport to step in and get info on who's behind BCR Sports.

 

[bluejock]

Seems I've stumbled into the time well spent thread.

 

[Slavan]

It's called business. Sometimes you have to do things that you may not want to in order to stay in business. Fans should worry more about what happens on the pitch instead of who owns the bleeding training facility, imho.......

no its called poor business, and fans should be concerned if it means the club has to pay out quadruple the costs in the long term which will inevitably reduce the money to spend on the team.

 

[Deloodid]

If he is, the economy is ****ed.

Its f*cked anyway!!

 

[just_COYB]

MRW I saw the "new" comments:

Can we get a new owner yet?

 

[nsno-chris]

You can talk about corporate finance all you like. quite simply we had a training ground worth circa £9m and sold it. We could have gone and built another state of the art one for the same price. We never because the hand to mouth operations of the club dicatated that we could not. The money from Bellefield was used to cover a massive operating loss. The monies raised from FF were used to cover another.

Operating a training ground was budgeted for and had been since we first built one. We also had to fund a separate academy before we moved to FF.

Obviously there would be a small uplift in running costs from netherton/bellefield to FF but to suggest a lease at £1.2m and rising regularly (it goes up to £1.5m in the not too distant, said so in the sales brochure for FF) was the way to go, or was done in the best interests of the club, is madness.

The total cost of raising the FF money will be well over £80m over the life of that lease. The lease is also for sale. This leaves us wide open to manilpulation as anybody with the money could buy it and attempt to stitch us up in some way.

There is no reasonable case to be made for the leasing and nobody has succeeded in trying.

No, what we had was a piece of land with nothing on it; no training ground, no state of the art facility.......nothing. The only good thing that land would have been used for was for gypos to set up camp on.

The and was sold, developed to OUR specifications and then leased back. The option of a 5 year buy-back is still valid, so all this talk of it'll cost us £80m of the term of the lease is nonsense, because it won't go on that long; its a short term strategy as with the large majority of businesses around the world who have deabt, things like this happen all the time. Consolidate your debts and out goings so you have a bottom base to work from. Basic business sense.

And the sale of the land will hardly leave EFC stitched up, long-term corporate rentals will include some sort of assured tenancy agreement, the only increase will be that of VAT and Utilities, as with the increase to £1.5m, this will previously have been agreed.

And how did the Bellefield money go to fund other opertating costs? The land only received planning permission for development in 2010; initially rejected in 2007

 

[nsno-chris]

I aint trying tho.

And im walking away, its tiresome trying to educate the uneducable.

You're the uneducated mate; i've answered all your questions to the best of my knowledge and experience. You are unable to counter my answers or prove some other form of business model that could have been used. Because you can't to understand the answer you point blank refuse to accept it.

Try answering some of the below questions I posed to your good mate Brennan

For one, I never rattled on about working experience. I think the poster was referring to your remarks about how things are being done so poor and would like you to explain how things could change, and what exeperience you have of dealing with large corporations, budgets etc.

If you have an opinion then please feel free to discuss; why is Kitbag and Sodexho such a bad deal? How would you have conducted the Finch Farm finance package, which cuts would you have made, and what areas of the budget would you have sacrificed to fund the build

And i'm still waiting for Brenda to answer the above??

 

[edge]

finch farm land deal was ,we bought it , then sold it off making a slight profit on the deal, they then build the training ground for approx £ 6 million , charging us 1.5 a year lease, and the option to buy back after five years for £17.5 million that has passed this year, in short we could have build it are selfs for the bellfield money, increased its value and been a lot better off in the long term, its the sort of deal wonga dot com would be happy giving , we dont know whats going on behind the scenes but it looks like a deal done out of desperation rather than good long term planning. something we seem to be lacking in, what next the provvy check stand.

 

[Ihaters]

finch farm land deal was ,we bought it , then sold it off making a slight profit on the deal, they then build the training ground for approx £ 6 million , charging us 1.5 a year lease, and the option to buy back after five years for £17.5 million that has passed this year, in short we could have build it are selfs for the bellfield money, increased its value and been a lot better off in the long term, its the sort of deal wonga dot com would be happy giving , we dont know whats going on behind the scenes but it looks like a deal done out of desperation rather than good long term planning. something we seem to be lacking in, what next the provvy check stand.

6 Mil? Where did that figure come from?

 

[nsno-chris]

finch farm land deal was ,we bought it , then sold it off making a slight profit on the deal, they then build the training ground for approx £ 6 million , charging us 1.5 a year lease, and the option to buy back after five years for £17.5 million that has passed this year, in short we could have build it are selfs for the bellfield money, increased its value and been a lot better off in the long term, its the sort of deal wonga dot com would be happy giving , we dont know whats going on behind the scenes but it looks like a deal done out of desperation rather than good long term planning. something we seem to be lacking in, what next the provvy check stand.

The buy-back option is every 5 years; the first option has passed, the next will be in 2017 and more than likely be at preset amount again.

The club didn't have the available resources to fund any build; the Bellefield fell flat on its arse in 2007 when LCC rejected the planning application to build houses, this was later approved in 2010.

So, removing Bellefield from the argument, how would you have funded the build. Cuts would have been required to put extra money into a budget to find approximately £15-18m (thats taking into account building costs, fees, contingency money etc)?

And again, things like the build, supporting financial packages, negotiations of contracts etc come down to the CEO who has the responsibility for day-to-day running of the club

 

[Baines' left foot]

Where's the Bellefield m........... Nah.

 

[davek]

The buy-back option is every 5 years; the first option has passed, the next will be in 2017 and more than likely be at preset amount again.

The club didn't have the available resources to fund any build; the Bellefield fell flat on its arse in 2007 when LCC rejected the planning application to build houses, this was later approved in 2010.

So, removing Bellefield from the argument, how would you have funded the build. Cuts would have been required to put extra money into a budget to find approximately £15-18m (thats taking into account building costs, fees, contingency money etc)?

And again, things like the build, supporting financial packages, negotiations of contracts etc come down to the CEO who has the responsibility for day-to-day running of the club

The new training ground build was THE main reason for taking out the £30M securitisation deal. The funding was there. You tell us what happened.

 

[edge]

The buy-back option is every 5 years; the first option has passed, the next will be in 2017 and more than likely be at preset amount again.The club didn't have the available resources to fund any build; the Bellefield fell flat on its arse in 2007 when LCC rejected the planning application to build houses, this was later approved in 2010.So, removing Bellefield from the argument, how would you have funded the build. Cuts would have been required to put extra money into a budget to find approximately £15-18m (thats taking into account building costs, fees, contingency money etc)?And again, things like the build, supporting financial packages, negotiations of contracts etc come down to the CEO who has the responsibility for day-to-day running of the club

its piontless going on about it nsno chris none of us know the full picture, and bellfeild/ netherton were still in place at the time and could have been used to borrow agaist the build/ running cost, but as i have said i, and i suppect most people dont know what has happened behind the scenes, were we in a position to do so?