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

[noharmdone]

So how does BK and the other Directors get the money out of the club, how do they sneak it round the Auditors (who are independent of EFC), how do they aoid paying any taxes on this so-called missing money. Or you actually stating that the Directos put forward £20m worth of expenses a year???????

Which company pays for Bills chauffeur driven motor ? EFC or his theatre one ? It's pennies, but I always wondered that ?

 

[edge]

Well considering I was in talking about the reasoning behind some of the deals and not the 'lies of Bill Kenwright', it has a lot do with it. And i posted that to prove a point, that unlike some on this thread, I have knowledge and can to some degree understand the business decision that sits behind everything.This site is quite funny, people have their blinkers on and no matter what someone posts to summarise the actions of the club, the said peron is vilified. But the response will never be in line with the initial post, it'll just be a ridiculous comment, or a link wiki or some other useless website. It amazes that people will listen to KEIOC, like they are know all of business, when in reality they're own a market stall in Williamson Square.I could of posted a load a technical **** about how Kenwright will run the club into the ground in the next 2 years and the response I would have received would have been a lot different; people will only believe what they want, no experience, no knowledge of the field yet are all experts.

hit the nail on the head there nsno chris people believe what they want, no use going on about it really , i am as bad, dont like the board so see everything as a negative, in reality they more than likely do stuff thats quite good but i have a blind spot as far as they are concerned.human nature i suppose?

 

[Foot Long Hot Dog]

Right ...........so because there isn't a line in the accounts saying True Blue Bill - £5 million he definitely 100% isn't taking a penny out of the club?

I'll say it again , we have absolutely no idea what's going where. It's as clear as mud.

There's a little something known as the LAW lad. The audited accounts have to show any payments made to Kewnright & the total is £0.

The only other way he could be taking money out of the club would be via fraudulent means.

Given that he takes fook all via the front door (which he'd be perfectly entitled to do - both legally & morally) then why would anyone assume that he's taking some out via an illegal back door route?

The initmation by certain people that the OOC's are hding something sinister has become 'fact' in some quarters & it's bang out of order to suggest fraudulent activity without anything to back it up, which is exactly what you were doing.

 

[davek]

There's a little something known as the LAW lad. The audited accounts have to show any payments made to Kewnright & the total is £0.

The only other way he could be taking money out of the club would be via fraudulent means.

Given that he takes fook all via the front door (which he'd be perfectly entitled to do - both legally & morally) then why would anyone assume that he's taking some out via an illegal back door route?

The initmation by certain people that the OOC's are hding something sinister has become 'fact' in some quarters & it's bang out of order to suggest fraudulent activity without anything to back it up, which is exactly what you were doing.

You know why that is: it's because it's not broken down into the nuts and bolts of what it's comprised of. The auditors either dont or cant do it; the CEO has attempted a half arsed inventory that includes lawn mowers and...erm...'some other stuff'.

Hardly a forensic and upfront way of operating a club. This is why they dont want AGMs anymore - to avoid having their feet held to the fire on issues like this.

The curiosity surrounding that OOC category will continue...and quite rightly so.

 

[Brennan]

You know why that is: it's because it's not broken down into the nuts and bolts of what it's comprised of. The auditors either dont or cant do it; the CEO has attempted a half arsed inventory that includes lawn mowers and...erm...'some other stuff'.

Hardly a forensic and upfront way of operating a club. This is why they dont want AGMs anymore - to avoid having their feet held to the fire on issues like this.

The curiosity surrounding that OOC category will continue...and quite rightly so.

How many other clubs release detailed information about other operating costs Davek ?

I mean, you say it's no an upfront or forensic way of operating a club, but how many other clubs actually reveal how much they spend on seat repairs in the ground or light fittings ?

 

[Muggins]

How many other clubs release detailed information about other operating costs Davek ?

I mean, you say it's no an upfront or forensic way of operating a club, but how many other clubs actually reveal how much they spend on seat repairs in the ground or light fittings ?

How come they won't detail it??

What could be so bad??

 

[Dell Boy]

To summarise for me I think there's plenty this board could be doing better but until there's a clear alternative they'll have my support. I caveat that by saying if there was ever clear evidence of dodgy dealing then I'd be first out there on any march.

 

[Brennan]

How come they won't detail it??

What could be so bad??

The question is, why should they ?

People are implying that because they aren't broken down into precise purchases that we have something to hide. By that logic so must every other club in the country, because i haven't seen that they break down OOCs either.

 

[Foot Long Hot Dog]

You know why that is: it's because it's not broken down into the nuts and bolts of what it's comprised of. The auditors either dont or cant do it; the CEO has attempted a half arsed inventory that includes lawn mowers and...erm...'some other stuff'.

Hardly a forensic and upfront way of operating a club. This is why they dont want AGMs anymore - to avoid having their feet held to the fire on issues like this.

The curiosity surrounding that OOC category will continue...and quite rightly so.

Garbage that mate.

All of the operating costs of the business are lumped under the OOC heading on the published accounts.

The management accounts will have a much more detailed line by line breakdown of various headings that will cover everything from the gas bill to the fabled lawn mowers & everything in between.

To state that the auditors can't break this cost down is totally wrong. Every cost that makes up the total will have to be accounted for & every external cost will have a matching invoice.

I would agree that the mere fact that the OOC's have been highlighted should prompt Elstone into giving shareholders a more detailed breakdown of what the total is made up of, should they ask.

However, there's a world of difference between saying that the club should satisfy curiosity & offer some greater transparency on that issue & what's been intimated here i.e. fraudulent activity lining Kenwrights pockets.

 

[Brennan]

Garbage that mate.

All of the operating costs of the business are lumped under the OOC heading on the published accounts.

The management accounts will have a much more detailed line by line breakdown of various headings that will cover everything from the gas bill to the fabled lawn mowers & everything in between.

To state that the auditors can't break this cost down is totally wrong. Every cost that makes up the total will have to be accounted for & every external cost will have a matching invoice.

I would agree that the mere fact that the OOC's have been highlighted should prompt Elstone into giving shareholders a more detailed breakdown of what the total is made up of, should they ask.

However, there's a world of difference between saying that the club should satisfy curiosity & offer some greater transparency on that issue & what's been intimated here i.e. fraudulent activity lining Kenwrights pockets.

This...

 

[Ratkiller]

There's a little something known as the LAW lad. The audited accounts have to show any payments made to Kewnright & the total is £0.

The only other way he could be taking money out of the club would be via fraudulent means.

Given that he takes fook all via the front door (which he'd be perfectly entitled to do - both legally & morally) then why would anyone assume that he's taking some out via an illegal back door route?

The initmation by certain people that the OOC's are hding something sinister has become 'fact' in some quarters & it's bang out of order to suggest fraudulent activity without anything to back it up, which is exactly what you were doing.

I don't know how many times I've got to say this.

But I haven't said he's taken anything.

Lad.

 

[davek]

Garbage that mate.

All of the operating costs of the business are lumped under the OOC heading on the published accounts.

The management accounts will have a much more detailed line by line breakdown of various headings that will cover everything from the gas bill to the fabled lawn mowers & everything in between.

To state that the auditors can't break this cost down is totally wrong. Every cost that makes up the total will have to be accounted for & every external cost will have a matching invoice.

I would agree that the mere fact that the OOC's have been highlighted should prompt Elstone into giving shareholders a more detailed breakdown of what the total is made up of, should they ask.

However, there's a world of difference between saying that the club should satisfy curiosity & offer some greater transparency on that issue & what's been intimated here i.e. fraudulent activity lining Kenwrights pockets.

Well, there's the rub of it. Such are the appalling politics at the club that the shareholders are presently trying to persuade the board/majority owners to reinstate the mechanism by which those questions might be asked. So you can see how the curiosity will continue into the future when and if the SA appeal is knocked back.

You give the impression it's all a matter of procedure and that channels are available to clear the matter up. That's either willfully misleading or supremely naive. The majoriity owners want everything to do with running the club left vague. Clarity is their enemy.

Elstone's lame list of lawnmowers, paint, shinpads and jumpers for goalposts is as good as it's going to get.

....still we are forced to continue to wonder what's really in that catch-all other operating costs category.

 

[nsno-chris]

You know why that is: it's because it's not broken down into the nuts and bolts of what it's comprised of. The auditors either dont or cant do it; the CEO has attempted a half arsed inventory that includes lawn mowers and...erm...'some other stuff'.

Hardly a forensic and upfront way of operating a club. This is why they dont want AGMs anymore - to avoid having their feet held to the fire on issues like this.

The curiosity surrounding that OOC category will continue...and quite rightly so.

Dave do you know how budgets work, what they look like or how they are comprised???

I really don't think you do; no business, whether a football club or major corportaion would include such details in there annual reports. You report on the Budget Line, if you included every single transaction under every agreed cost code the report would be about 2500 pages long, its ridiculous to even assume that it should be reported on.

Just because some idiot (probably KEOIC) has said 'oh look, whats with this OOC, Kenwright must hiding everyting in these accounts'. Understand how things work before talking utter nonsense

 

[Goat]

Just because some idiot (probably KEOIC) has said 'oh look, whats with this OOC, Kenwright must hiding everyting in these accounts'. Understand how things work before talking utter nonsense

It doesnt take an idiot to ask why the Club is spending 20m+ on OOC.

It takes an idiot to not question it tho.

 

[Foot Long Hot Dog]

I don't know how many times I've got to say this.

But I haven't said he's taken anything.

Lad.

Really? I think your memory's had a selective lapse, as you've intimated that it's a definite possibility.

Right ...........so because there isn't a line in the accounts saying True Blue Bill - £5 million he definitely 100% isn't taking a penny out of the club?

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

I have subsequently educated you with the simple facts. Those being that we can 100% sure that he's not taking anything out of the club via legal means.

You have then continued to maintain that it's a possibility that he's taking something out.

Therefore you are saying (by definition) that there's a chance he's committing fraud.

Back track all you like mate, but we both know what you were suggesting.