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

[Allezfan]

No, he works for Everton FC. And no he doesn't do as he's told; he'll have an agenda of things to do (i.e. reduce costs etc), he will then be tasked to identify the best ways of doing this, his proposals will be presented to the board, along with other senior mangement figures in EFC and the most effective choice will be made.

A CEO, MD, COO or what ever phrase is used are tasked for the day-to-day running of the club.

The buck stops at the top, though.

Kenwright is responsible to some extent for all our business deals (kitbay etc) and all our transfer deals both because he hired the guys who negoiated them and because he approved them.

That doesn't mean Elstone and Moyes aren't responsible too, but Kenwright has the power to overrule and sack both of them.

 

[nsno-chris]

The buck stops at the top, though.

Kenwright is responsible to some extent for all our business deals (kitbay etc) and all our transfer deals both because he hired the guys who negoiated them and because he approved them.

That doesn't mean Elstone and Moyes aren't responsible too, but Kenwright has the power to overrule and sack both of them.

For the running of the bsuiness, the buck stops with the CEO. Think of Tesco, Terry Leahy was CEO, if Tesco would have went tits up, lets say from advice from his management team he over-saturated the high street with to many stores and the company started loosing money. Ther decision to do this would have been his, the chairman and board of directors would have then sacked Leahy.

Now, to an extent i think Elstone has failed; but some of the decisions that have happend (i.e. Kitbag, Sodhexo, Finch Farm), to me, seem like a standard exercise when a business is running with debts and they want ot cost cut. You get rid of your potential liabilities, your cash flow frees up and this staves off the potential liquidation when audited.

To the general public, say for instance, the Kit Bag deal; people will say 'we could have made more money by marketing and selling it ourselves'; in theory the answer would be yes. In reality, by signing this agreement, you have steady cash flow that will not drop and the basis of a recession, you've removed potential problems such as overhead costs of shops, staffing, production and material costs rising, shipping and distribution. Its not your problem anymore, you know at the start of the fiscal year you are getting £xxx from commecial sales.

Things like this are normally the ground work for getting the business realligned, you're budget for the start of the year will be based on going out of the cups in the first round and finishing one place above relegation, you know your potential income and expenditure and have contingencies in place.

 

[davek]

When is this year's accounts published? I'm curious to know how much debt Bill's run up at the casino in 2012.

 

[davek]

For the running of the bsuiness, the buck stops with the CEO. Think of Tesco, Terry Leahy was CEO, if Tesco would have went tits up, lets say from advice from his management team he over-saturated the high street with to many stores and the company started loosing money. Ther decision to do this would have been his, the chairman and board of directors would have then sacked Leahy.

Now, to an extent i think Elstone has failed; but some of the decisions that have happend (i.e. Kitbag, Sodhexo, Finch Farm), to me, seem like a standard exercise when a business is running with debts and they want ot cost cut. You get rid of your potential liabilities, your cash flow frees up and this staves off the potential liquidation when audited.

To the general public, say for instance, the Kit Bag deal; people will say 'we could have made more money by marketing and selling it ourselves'; in theory the answer would be yes. In reality, by signing this agreement, you have steady cash flow that will not drop and the basis of a recession, you've removed potential problems such as overhead costs of shops, staffing, production and material costs rising, shipping and distribution. Its not your problem anymore, you know at the start of the fiscal year you are getting £xxx from commecial sales.

Things like this are normally the ground work for getting the business realligned, you're budget for the start of the year will be based on going out of the cups in the first round and finishing one place above relegation, you know your potential income and expenditure and have contingencies in place.

To be fair, Elstoine's just a nodding dog for the majority shareholders and their shadowy friend (who we all know but aren't supposed to know). You cant seriously compare the latitude Leahy was given as an expert in his field to a feller who's major duty amounts to attending fan forums and keeping a blog on the OS.

 

[D410]

When is this year's accounts published? I'm curious to know how much debt Bill's run up at the casino in 2012.

Best read with a 6 pack of bog roll by your side.

http://www.bluekipper.com/fans/mickey_blue_eyes-41/b5575-interview_with_robert_elstone.html

 

[nsno-chris]

To be fair, Elstoine's just a nodding dog for the majority shareholders and their shadowy friend (who we all know but aren't supposed to know). You cant seriously compare the latitude Leahy was given as an expert in his field to a feller who's major duty amounts to attending fan forums and keeping a blog on the OS.

And thats why its pointless posting anything when the repsonse amounts to that.

 

[davek]

And thats why its pointless posting anything when the repsonse amounts to that.

What does he do that can in any remote way be comparable with Leahy, in the context you brought it up in? How could Elstone (as with Leahy) be responsible for decisions (the major ones of which are the stadium and investment) that are out of his hands?

You were comparing apples and pears.

 

[nsno-chris]

What does he do that can in any remote way be comparable with Leahy, in the context you brought it up in? How could Elstone (as with Leahy) be responsible for decisions (the major ones of which are the stadium and investment) that are out of his hands?

You were comparing apples and pears.

For starters, I didn't compare the 2. I was trying to identify to people the role of a CEO, what his/her roles and repsonsibilities are; its quite simple really, its the day-to-day running of the club/business.

Not once did i mention investment, i detailed the day-to-day decisions which get a lot of critics screaming at the top of the voice that its such a bad move.

 

[nsno-chris]

What does he do that can in any remote way be comparable with Leahy, in the context you brought it up in? How could Elstone (as with Leahy) be responsible for decisions (the major ones of which are the stadium and investment) that are out of his hands?

You were comparing apples and pears.

What do actually do for a living which gives you such an insight into how a business is run?

 

[Chang Elephant]

What do actually do for a living which gives you such an insight into how a business is run?

Don't get upset love, put the kettle on and watch those Blood Brothers & Jospeh dvd's

 

[davek]

Best read with a 6 pack of bog roll by your side.

http://www.bluekipper.com/fans/mickey_blue_eyes-41/b5575-interview_with_robert_elstone.html

Mr Elstone - our 'cant do' CEO: cant give any more news on a stadium; cant give any more news on the annexe; cant reinstate shareholders meetings.

He can give long interviews to verbose sycophants though.

 

[Ratkiller]

Sorry, but merely by using the word 'taken' you're intimating that money is being removed.

Our accounts are audited & the expenditure that makes up the OOC's will be invoiced & accurate, nobody has 'taken' anything.

I can't be held responsible for how you read what I've written.

If I write it this way will it be clearer for you....... We have no idea if he is or isn't taking money out of the club.


What I can say with absolute certainty is that you should take every statement that comes out of everton football club with a pinch of salt.

 

[Bluesnapper]

The fact that the majority of are fans(well those that got a vote, i didnt and neither did two of my mates as we had are season tickets in my mates name so he could get them on his clubcard) voted for kirkby, says a lot about are fanbase, despite being told repeatedly by fellow blues it was a crock of ****e they fell for the bull that bill and co spouted, in the long term they deserve to be treated like mugs because that sadly is what they are..

I was thinking the other day what our position be if the Kirkby dump had gone ahead, what with the retail slump that even has that great retailer Green, and a great friend of all Evertonians wanting to jump ship?

 

[davek]

For starters, I didn't compare the 2. I was trying to identify to people the role of a CEO, what his/her roles and repsonsibilities are; its quite simple really, its the day-to-day running of the club/business.

Not once did i mention investment, i detailed the day-to-day decisions which get a lot of critics screaming at the top of the voice that its such a bad move.

But the day to day activity of a CEO of Tesco and Elstone (who is, when all is said and done, just a company secretary in the same way that Dunford was) are world's apart. One has to provide vision and a executable plan of action, the other has to spin and position the club as being vibrant when it's really flat on ts arse.

What do actually do for a living which gives you such an insight into how a business is run?

Well, I dont work in business and never have. I have vast experience in recognising flim flam men like our owners though.

 

[Allezfan]

For the running of the bsuiness, the buck stops with the CEO. Think of Tesco, Terry Leahy was CEO, if Tesco would have went tits up, lets say from advice from his management team he over-saturated the high street with to many stores and the company started loosing money. Ther decision to do this would have been his, the chairman and board of directors would have then sacked Leahy.

Now, to an extent i think Elstone has failed; but some of the decisions that have happend (i.e. Kitbag, Sodhexo, Finch Farm), to me, seem like a standard exercise when a business is running with debts and they want ot cost cut. You get rid of your potential liabilities, your cash flow frees up and this staves off the potential liquidation when audited.

To the general public, say for instance, the Kit Bag deal; people will say 'we could have made more money by marketing and selling it ourselves'; in theory the answer would be yes. In reality, by signing this agreement, you have steady cash flow that will not drop and the basis of a recession, you've removed potential problems such as overhead costs of shops, staffing, production and material costs rising, shipping and distribution. Its not your problem anymore, you know at the start of the fiscal year you are getting £xxx from commecial sales.

Things like this are normally the ground work for getting the business realligned, you're budget for the start of the year will be based on going out of the cups in the first round and finishing one place above relegation, you know your potential income and expenditure and have contingencies in place.

So basically our plan is to reduce the risks as much possible and live on as small a loss as possible until we can attract the investment that will allow us to actually take risks and make money.

I know. It's a plan that is at best buying time until more money comes in. Getting investment is critical to our plans and we're really bad at getting it.