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

[Allezfan]

Funny thing is I know you're taking the p*ss but what you have posted there is actually correct.

It sometimes seems on here that most fans don't have an ounce of business sense.

Rightly or wrongly cash at Everton is a very precious animal (let's not get into that particular debate just now please).

Moyes identifies a player and the club get a nice deal agreed. The medical then shows up a potential problem. Not only would this cause concern to Moyes but you can be sure it would arouse the interest of the clubs insurance company.

We hold firm and draw a line in the sand. The deal has changed. Everton have a reasonable record recently in not wasting millions on crocs. We also picked the likes of Lescott where we made the right call.

The club was then prepared to pull the deal and face the music from hysterical fans to persevere with the right business decision.

Well done.

And do you know what - there are always plenty more fish in the sea.

If we can get in someone else and then turn out to be better for us than Fer would be, I agree.

If we don't get in anyone then you have to ask questions about how late we've left it.

 

[Chang Elephant]

Funny thing is I know you're taking the p*ss but what you have posted there is actually correct.

I posted it in the certain knowledge that there can be no set of circumstances that are actually anything less than a triumph for the board. They are actually superhuman, no one should doubt that.

 

[Neiler]

Lauding the fact he's got cash from somewhere and backed his manager. That all.

The way I see it there's two options - we have £45million worth of debt and hit a glass ceiling. Or have £100million worth of debt and champions league football.

Villa went the later and it didnt work out.

If that's what you think mate, tbh I think there is something more sinister to it then that, I don't think he gives a toss about Villa tbh, he's destroyed them - feel sorry for the fans, but wouldn't be disappointed if they got relegated to root his like out of football. They are in huge trouble if they go down! Anyhow agree to differ mate, the future will take care of its self!

 

[Dell Boy]

I posted it in the certain knowledge that there can be no set of circumstances that are actually anything less than a triumph for the board. They are actually superhuman, no one should doubt that.

Ha Ha you and the dalek are brilliant.

 

[Goat]

If that's what you think mate, tbh I think there is something more sinister to it then that, I don't think he gives a toss about Villa tbh, he's destroyed them - feel sorry for the fans, but wouldn't be disappointed if they got relegated to root his like out of football. They are in huge trouble if they go down! Anyhow agree to differ mate, the future will take care of its self!

He has spent 97m Net since he took over, when you compare it to Bills 5.6m, but oh well.

 

[Carlito]

Disagree with both, the debt belongs to Aston Villa owed to his companies at which he charges Villa 12mill a season in interest to service the debt. Im not defending our board here. Im just giving you an example of why hes a poor owner when some in this thread have and continue to laud him, hes destroying that club and you cant even see it, which is disturbing.

I dont think he gives a rats about Villa tbh, he has invested nothing - he has racked up debts to himself and charged interest on it annually and sold more then anything he has ever spent and still people think hes ace - i worry i really do.

Anyway im annoyed about Fer so went get into this, right call but still gutting.

I'm not sure where you got your figures from, but I couldn't find anything to suggest that Villa are paying more than £6m a year interest, which apparently works out at a rate of 2.28%. That's according to this article from last September: (I've had to remove all links because I don't have enough posts).

A Daily Mail article on the subject says: 'The billionaire pays the club's dues by extending his equity and the use of loan notes in a 50-50 split.' I don't really know what that means but I'm sure someone more intelligent can explain it to me.

Again, I don't think Lerner is perfect, but I'd take £200m of investment, followed by cut-backs if things didn't work out, over nothing, which is exactly what Kenwright and his board have brought to the table.

 

[Neiler]

He has spent 97m Net since he took over, when you compare it to Bills 5.6m, but oh well.

Or Villa have spent 90 mill on players most of whom are sold and still remain in debt to 130 mill, to Learner. While Learner takes out money annually in interest and management fees.

 

[Neiler]

I'm not sure where you got your figures from, but I couldn't find anything to suggest that Villa are paying more than £6m a year interest, which apparently works out at a rate of 2.28%. That's according to this article from last September: (I've had to remove all links because I don't have enough posts).

A Daily Mail article on the subject says: 'The billionaire pays the club's dues by extending his equity and the use of loan notes in a 50-50 split.' I don't really know what that means but I'm sure someone more intelligent can explain it to me.

Again, I don't think Lerner is perfect, but I'd take £200m of investment, followed by cut-backs if things didn't work out, over nothing, which is exactly what Kenwright and his board have brought to the table.

From the Blecher Report mate:

The interest charged on the debt is at a standard rate of LIBOR plus 2%, which is currently very low at below 3%, but it should be noted that if LIBOR rose to 5%, then the club would have to pay 7%. The accounts report £5.7m interest payable, including £4.5m on the loan notes (which goes to Lerner) and £0.8m on bank loans. This may not seem much, but it does represent about 5% of revenue. If that is added to Reform Acquisition Limited’s £7.7m management fees, then you could argue that Lerner took out nearly 15% of revenue, which would be excessive if repeated every year. So Lerner’s approach is rather more hard-nosed than has been reported in the media. This is not necessarily a bad thing, even though some clubs are lucky enough to have owners who do not charge interest on their loans (Stoke City and Fulham, to name but two). All I am saying here is that Lerner is not quite the saint that some Villa fans would seem to believe.

Now im not defending our board here, as there are clear areas we should b doing better in but can you imagine if Bill took 15% revenue out of Everton in Interest and management fees. Hence the idiocy of people lauding Learner, when hes racked up 130 mill in debt from 0 on takeover, has the club on the brink of relegation, has nearly a 100% wage to turnover ratio, is posting losses of 50mill + a season and taking 15% of whatever the club makes for himself. Its scary that people still think hes the cats pyjamas. Im certainly not against a take over, but not to someone like Learner, he will have destroyed Aston Villa by the time anyone noticed - i predicted this years ago.

 

[Sensei]

kind of sad to see this thread surface at the top of the forum immediately after a failed signing


for whatever mistakes you feel the board and bill have made we cant go blwiing everything that go's against us out of proportion

we are in a great spot in the league we are not going bankrupt and currently we are enjoying an amazing season

so i applaud the board and appreciate thier work and commitment to our club

 

[Dell Boy]

Im certainly not against a take over, but not to someone like Learner, he will have destroyed Aston Villa by the time anyone noticed - i predicted this years ago.

Same also potentially for the QPR owner Fernandes. He's undoubtedly a very wealthy man but equally he's a wheeler dealer running airlines and F1 teams. Hardly stable businesses in the best of times. A while back he was West Ham's biggest fan but now he's jumped the length of the Central Line.

QPR are bottom of the table with Arry on a huge wage to get them out. They've spunked millions over last two years with loads of bodies on high wages - 28 players in 18 months I've just heard. Now they're set to get the likes of Samba for £10m and a 4 year deal at £100k a week. Plus a load of Spurs crocks and maybe a freak from Stoke thrown in too.

It's bloody lunacy there at Loftus Road. Fernandes cannot sustain a £100m+ loss.

My uncle is a season ticket there and is literally resigned to a rollercoaster run but near certain administration very soon and then a Portsmouth like fall from grace. He actually almost cried into his beer one time but was 'thankful' he hasn't any sons and his daughters aren't bothered with the footy.

We all want good owners and we want loads of cash but the risks of screwing up and selling to a shower of sh!te cannot be underestimated.

 

[Neiler]

Same also potentially for the QPR owner Fernandes. He's undoubtedly a very wealthy man but equally he's a wheeler dealer running airlines and F1 teams. Hardly stable businesses in the best of times. A while back he was West Ham's biggest fan but now he's jumped the length of the Central Line.

QPR are bottom of the table with Arry on a huge wage to get them out. They've spunked millions over last two years with loads of bodies on high wages - 28 players in 18 months I've just heard. Now they're set to get the likes of Samba for £10m and a 4 year deal at £100k a week. Plus a load of Spurs crocks and maybe a freak from Stoke thrown in too.

It's bloody lunacy there at Loftus Road. Fernandes cannot sustain a £100m+ loss.

My uncle is a season ticket there and is literally resigned to a rollercoaster run but near certain administration very soon and then a Portsmouth like fall from grace. He actually almost cried into his beer one time but was 'thankful' he hasn't any sons and his daughters aren't bothered with the footy.

We all want good owners and we want loads of cash but the risks of screwing up and selling to a shower of sh!te cannot be underestimated.

Couldnt agree more mate, we need investment but im hugely in favour of a model like Arsenals i.e. self sustainable and revenue generating organically.

 

[Carlito]

Now im not defending our board here, as there are clear areas we should b doing better in but can you imagine if Bill took 15% revenue out of Everton in Interest and management fees. Hence the idiocy of people lauding Learner, when hes racked up 130 mill in debt from 0 on takeover, has the club on the brink of relegation, has nearly a 100% wage to turnover ratio, is posting losses of 50mill + a season and taking 15% of whatever the club makes for himself. Its scary that people still think hes the cats pyjamas. Im certainly not against a take over, but not to someone like Learner, he will have destroyed Aston Villa by the time anyone noticed - i predicted this years ago.

I'll be interested to see what happens at Villa, especially if they go down. I don't think you could really say that Lerner has 'destroyed' them unless he pulls out and calls in all debts. Things aren't looking good at the moment though.

I still think they had a great opportunity but blew it through poor managerial appointments, and that it would have been different story if Lerner had bought Everton and given Moyes £200m to put together a Champions League quality team.

Many owners have been to blame for clubs getting into trouble, but I'd say the likes of Lerner and Fernandes are examples of why it's dangerous to blindly place your fortune in the hands of 'football people' and assume they know what they're doing.

 

[Dell Boy]

Many owners have been to blame for clubs getting into trouble, but I'd say the likes of Lerner and Fernandes are examples of why it's dangerous to blindly place your fortune in the hands of 'football people' and assume they know what they're doing.

There's a bit more to it than that though. I think Lerner would have been better to stick with O'Neil. Equally Fernandes screwed up with the Warnock, Hughes, Redknapp saga. All those changes are very costly.

 

[Carlito]

There's a bit more to it than that though. I think Lerner would have been better to stick with O'Neil. Equally Fernandes screwed up with the Warnock, Hughes, Redknapp saga. All those changes are very costly.

I think O'Neill quit, but I do agree about the Warnock/Hughes/Redknapp debacle. I reckon Redknapp will end up keeping them in the Premier League though.

 

[Allezfan]

You can't judge the board's action this window until this time tomorrow.

It could still turn out both brilliant or awful for us. Lets table the debate until then.