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

[davek]

Tell me do you sell candy floss at fairgrounds for a living? Or maybe you lick stamps for rich people to lazy to lick their own?

If your strategy is to sell a business for a bingo balloon price, you'd don't at the same time set out to run it into the ground.

Do you not understand that a club that had profitable commercial activities, a vibrant squad and a few trophies in the cabinet would be worth more than one on its arse?

*sigh*

Once again, for the hard of learning: it's not running into the ground. How is it 'running it into the ground'?

Let me swing around the same quustion to you - do you think these board members of ours who seek a good price for their shares and are all hard bitten businessmen dont know what they can do as far as selling this club on? You're fixating on stuff concerning a sale (kitbag deal etc) which are important from our p.o.v. because they're vital to a club operating on a hand to mouth basis as we are (and we're right to highlight them). The board know though that the tv money is the honey pot, and protecting the league status is paramount. If they can do that by selling stuff or accepting money upfront so they dont have to spend out, then that's all the better for them.

It's really not that difficult to understand.

 

[Chang Elephant]

Bill runs the club generally very well.

Cheers mate, I thought he'd ****ed up numerous opportunities over the years, but good to know the club's in safe hands.

 

[Ihaters]

That's like praising the captives of a prisoner for giving them bread and water in order to keep them alive for more waterboarding.

Kenwright and his wire-pullers allow Moyes just enough to keep this organisation ticking over as a Premier League entity. They're protecting their asset from devaluation. That's all.

Whilst funny, that analogy couldn't be further from the point.

 

[Bluenose1995]

what will be interesting is if one of Granchetser, woods or earle dies what will happen to their shares? will someone buy them and try force a hostile takeover over time or will Bill (I want to sell more than anything) Kenwright snap them up like he has done with smaller shares?

 

[kenada_blue]

what will be interesting is if one of Granchetser, woods or earle dies what will happen to their shares? will someone buy them and try force a hostile takeover over time or will Bill (I want to sell more than anything) Kenwright snap them up like he has done with smaller shares?

They've washed their hands of the club, Earl even admitting it after DK collapsed.

The major shareholders, who are successful millionaire business men, are waiting to make a killing on the 150mill asking price for the club

 

[Bluenose1995]

They've washed their hands of the club, Earl even admitting it after DK collapsed.

The major shareholders, who are successful millionaire business men, are waiting to make a killing on the 150mill asking price for the club

but I wonder what will happen to the shares when one of these becomes brown bread? would they be snapped up at a cheaper price or would one of Kenwright/or earle snap them up whilst at the same time crying poverty and wanting to sell desperatly?

 

[Whistlin' Dixie]

but I wonder what will happen to the shares when one of these becomes brown bread? would they be snapped up at a cheaper price or would one of Kenwright/or earle snap them up whilst at the same time crying poverty and wanting to sell desperatly?

Hasn't he already done that? Didn't bolly billox buy somethin' like another 200 or so shares from some author (Willy Russel or someone?) last year?

 

[Bluenose1995]

Hasn't he already done that? Didn't bolly billox buy somethin' like another 200 or so shares from some author (Willy Russel or someone?) last year?

from my memory Im certain he did, but it went unnoticed from a large section of our fanbase so should it happen to one of Granchester/woods/earle who have much larger stakes in the club & higher profiles, would Kenwright risk buying these stakes with him "so desperate" to sell.?

 

[Whistlin' Dixie]

from my memory Im certain he did, but it went unnoticed from a large section of our fanbase so should it happen to one of Granchester/woods/earle who have much larger stakes in the club & higher profiles, would Kenwright risk buying these stakes with him "so desperate" to sell.?

Well you only have to ask where he got the moolah from to buy his original stake. It certainly wern't from remortgagin' his house as he tries to palm us off with 'cos he don't own no stately home (which is what he'd have to have owned to get a mortgage of that size)

 

[lightingman]

There is a bit of a contradiction there mate.
You say he runs the club well... Then you say Moyes runs the club. I think the second is more correct. Moyes runs the club from a football perspective and that side of the business has flourished, however where the board are concerned, nothing at all has progressed and they are relying on the naturally occuring money generated by Moyes achievements to pay for continuing with Moyes achievements..
This includes the sale of players, the prize money from high finishes and TV revenue increases from the work that Moyes has done in bringing us to the european fight.
Do not confuse hiring Moyes and letting him do the footballing side of things with successfully running the club, because there is little Kenwright and co have done that has ever helped Moyes in his bid to acheive something tangible.

I will say though they have allowed the debt to increase in order to give Moyes some funds in the past and for that I am greatfull because without it we would of missed out on some very good players.

I obviously meant Moyes runs the club from a football perspective. Sorry.

I think the hiring of staff is key to any organisation and if you hire an employee who excels then surely credit must be given where it's due? Exactly the same if a lousy appointment was made. Moyes has always publicly backed Kenwright and spoken of his fantastic working relationship and i'm not one of those who thinks Moyes is a puppet to his pay master. I don't believe David Moyes would openly and consistently lie.

Obviously i agree that the club has failed to develop the football club off the pitch and secure investment. The investment side of things i consider to less of a failure than simply being creative about increasing revenue, new stadium etc.

 

[Slavan]

but I wonder what will happen to the shares when one of these becomes brown bread? would they be snapped up at a cheaper price or would one of Kenwright/or earle snap them up whilst at the same time crying poverty and wanting to sell desperatly?

Without explaining the financial tax inheritance evasion scam in detail, the simple answer from what I have been told is the shares would be passed on to their family.

 

[lightingman]

*sigh*

Once again, for the hard of learning: it's not running into the ground. How is it 'running it into the ground'?

Let me swing around the same quustion to you - do you think these board members of ours who seek a good price for their shares and are all hard bitten businessmen dont know what they can do as far as selling this club on? You're fixating on stuff concerning a sale (kitbag deal etc) which are important from our p.o.v. because they're vital to a club operating on a hand to mouth basis as we are (and we're right to highlight them). The board know though that the tv money is the honey pot, and protecting the league status is paramount. If they can do that by selling stuff or accepting money upfront so they dont have to spend out, then that's all the better for them.

It's really not that difficult to understand.

I don't understand this question? "Do you think these board members of ours who seek a good price for their shares and are all hard bitten businessmen dont know what they can do as far as selling this club on?"

You think the board DO know what they can get for the club and when?

9/10 if something is for sale then it's a buyers market. It's no great secret that Everton's financial situation is dire and has been for a very long time. Any potential buyer will go through the accounts and do his homework. You think after all that a wealthy and successful businessman/investor is going to over pay for the asset? Especially when so much further investment is needed, mostly in a stadium?

I don't think the new TV money changes much at all. It certainly doesn't get Everton out of the poor financial position we are in and it certainly doesn't build us a new stadium. No serious investor will over pay for Everton and if anyone is going to buy the club then they will be getting value on the price.

Doesn't matter how much Bill and Co want to sell the club for, if there is no one going to buy it at their price they get nothing.

 

[Ihaters]

I obviously meant Moyes runs the club from a football perspective. Sorry.

I think the hiring of staff is key to any organisation and if you hire an employee who excels then surely credit must be given where it's due? Exactly the same if a lousy appointment was made. Moyes has always publicly backed Kenwright and spoken of his fantastic working relationship and i'm not one of those who thinks Moyes is a puppet to his pay master. I don't believe David Moyes would openly and consistently lie.

Obviously i agree that the club has failed to develop the football club off the pitch and secure investment. The investment side of things i consider to less of a failure than simply being creative about increasing revenue, new stadium etc.

I agree with the first para.. The board should be credited highly for bringing in Moyes and giving him the funds they have despite it putting us in debt, as our squad has massively improved because of it, you won't find me arguing that, in fact I have been berated by the angry mob on here many times for praising the board for that exact thing.... however one positive a decade ago does not make a good board.
In all other areas they have been inept.. Choosing a manager and keeping some of our players by increasing our debt is not enough. If they can't sell the club, they must improve the clubs finances, how? use their own money, clear some of the interest payments on behalf of the club, whatever it takes..
Knocking a hole in the wall, spending money on a doomed move and neglecting to buy an affordable world class stadium are examples of not doing just that.

 

[Foot Long Hot Dog]

I don't think the new TV money changes much at all. It certainly doesn't get Everton out of the poor financial position we are in and it certainly doesn't build us a new stadium. No serious investor will over pay for Everton and if anyone is going to buy the club then they will be getting value on the price.

Doesn't matter how much Bill and Co want to sell the club for, if there is no one going to buy it at their price they get nothing.

You're wrong there.

The new TV deal changes things a lot in terms of how the business will look. It's going to add circa £25M to the bottom line of the business overnight. So the current cash losses will be turn into a sensible profit, (providing the cost base remains unaltered) which in terms of the business value could have a huge effect. As all of a sudden the club could be producing £15M EBITDA & at that, the current reported asking price (£150M) would look half sensible.

 

[edge]

You're wrong there.

The new TV deal changes things a lot in terms of how the business will look. It's going to add circa £25M to the bottom line of the business overnight. So the current cash losses will be turn into a sensible profit, (providing the cost base remains unaltered) which in terms of the business value could have a huge effect. As all of a sudden the club could be producing £15M EBITDA & at that, the current reported asking price (£150M) would look half sensible.

looks like a slice of that money is getting spend already on giving players new contracts jags and co