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

[Neiler]

ok, so apart from on the pitch, which is more down to moyes transfer nous, where have we improved in 11 years?

Ha ha apart from the footballing side of the football club were have we improved - Monty Python at its best. Fair play Moyes is ace in the transfer market, to be fair hes made and coached players, in fairness to the board they have rewarded those players and given them all long term contracts on big wages - when considering the lkength of the majority of them they didnt have to, to be able to that the revenue needs to be created and put back into the club.

Tell me mate where do you think the current board have failed in comparrison to the mighty Johnson Regime of 11 years ago.

 

[trigger the blue]

Oh yeah, explain that one to me mate?

The debt on the club the interest payments! Sell to buy.
The board are a complete circus act with kenwright playing the clown!
When we got to the cup final you could'nt get kenwright out of the press or off the tv. When we want to know whats going on were treated like mushrooms by kenwright he's a foney, mate

 

[chicoazul]

A better day for the Kenwrongers. Some impressive stuff. The Kenisrighters are still holding an advantage after yesterday's performance. If davek is the mood then it can swing quickly though.

 

[Tubey]

Moyes and the players throw their money back into the club - fair play.

So lets distinguish now, all money generated and we all know how much it has increased in the past 11 years - goes back into the club. Is that not investment.

What you are talking about is board member investing additional revenue from private funds to fund/drip feed Everton - if not the current board/then someone else. You want an artificial financial stimulas - to say go on a transfer splurge. Thats the crux of what your saying really?

Wouldnt be for me like.

That's what nearly every boardroom in this league has done at some point or another over the past decade. Not Everton though.

And we're talking about a few million a year, instead of absolutely nothing. We're not asking to be Manchester City; we'd just like to see a boardroom contribute rather than simply sit on an asset they paid nothing for, content that it's rising in value to give them a bumper payday.

This "Blue Bill" nonsense... he's a businessman, and he's ready to make a killing on his ownership of us with zero outlay.

 

[Neiler]

Are you asking me if I want our board of directors to act like a board of directors?

The answer is YES.

What is the point of having them if they dont ante up? "They just own shares"...erm...yeah...and....?

I think you and i both know by definition a board of directors function is to put private capital into a comapny, in terms of acting as a board of directors.

By your definition you beleive a board of directors exists simply to put private finance into a revenue generating comapany. You dont really beleive that mate do you?

 

[bourneblue]

One area that this club has shone and indeed is shining, is the academy.
The board has invested heavily in the academy and it's begining to pay dividends.
In short Everton are investing in youth.

 

[davek]

I think you and i both know by definition a board of directors function is to put private capital into a comapny, in terms of acting as a board of directors.

By your definition you beleive a board of directors exists simply to put private finance into a revenue generating comapany. You dont really beleive that mate do you?

This is the football business, that's what directors usually do. So yes, mate, that's what I believe.

 

[Neiler]

The debt on the club the interest payments! Sell to buy.
The board are a complete circus act with kenwright playing the clown!
When we got to the cup final you could'nt get out of the press kenwright. When we want to know whats going on were treated like mushrooms mate

Are you jokeing mate, the debt to turnover ratio in Johnsons final year was over 90%. As for sell to buy - eh big Dunc to Newcastle anyone. People also forget that the debt the current baord inherited from Johnson was 20 mill - that didnt go away btw - so you can lump that in with whatever debt we have now. After 11 years of the current board our turnover has jumped from 25 mill annually to 80 mill annually. Our debt is 50% to turnover. While we have a squad worth about 150mill.

Seriously like, does anyone actually rember the manure buissness we were in.

 

[Neiler]

This is the football business, that's what directors usually do. So yes, mate, that's what I believe.

Im not so sure thats what directors do, some owners maybe, but directors i dont think so.

So to answer my question you want, Everton to spend or be drip fed artifically more then their able to generate by useing private funds of a)current owner or b )anyone the hell else.

 

[Tubey]

One area that this club has shone and indeed is shining, is the academy.
The board has invested heavily in the academy and it's begining to pay dividends.
In short Everton are investing in youth.

They haven't... Everton don't even own Finch Farm. We actually sold it and rented it back when it was built!

 

[Neiler]

That's what nearly every boardroom in this league has done at some point or another over the past decade. Not Everton though.

And we're talking about a few million a year, instead of absolutely nothing. We're not asking to be Manchester City; we'd just like to see a boardroom contribute rather than simply sit on an asset they paid nothing for, content that it's rising in value to give them a bumper payday.

This "Blue Bill" nonsense... he's a businessman, and he's ready to make a killing on his ownership of us with zero outlay.

Im not so sure on the accuracey of that mate, safe to say some clubs in the past and at present have taken on huge debts - to fund player purchases, i think really only City and Chelsea could be held up as examples of an artifical investment success stories everyone else just accumaltes debt. Both those clubs books are basket cases, so their vital signs and indeed viability are linked forever to their respective owners, they cant function or survive without them.

Lets be honest where has it gotten them: Sundeland, Newcastle, West Ham, Fulham, Villa - no where really and we're still ahead of them all.

 

[trigger the blue]

Are you jokeing mate, the debt to turnover ratio in Johnsons final year was over 90%. As for sell to buy - eh big Dunc to Newcastle anyone. People also forget that the debt the current baord inherited from Johnson was 20 mill - that didnt go away btw - so you can lump that in with whatever debt we have now. After 11 years of the current board our turnover has jumped from 25 mill annually to 80 mill annually. Our debt is 50% to turnover. While we have a squad worth about 150mill.

Seriously like, does anyone actually rember the manure buissness we were in.

Neil im not saying i was happy with the Johnson regime i wasnt in fact i was made up when kenwright took over. But now he's had his chance,yes on the pitch were are better and expectations have risen!
Off the pitch its one sham after another!The kings dock debarcle, The exclusivity bollox with D/K, the debt is increasing all the time, its only a matter of time before we implode with the current board!
Are you happy with the current running of the club?

 

[uknightbreed]

They haven't... Everton don't even own Finch Farm. We actually sold it and rented it back when it was built!

looking at wiki we sold finch farm for 2.1 million , it cost 9 million for it to be built and was worth 17 million on completion.
we rent it back , on a 50 year tenancy ( at how much a year ?) with an option to buy within the first 5 years (is that this year or next ?)
our operating costs have gone up and have easily exceeded the 2.1 million we got for the land already + we have the money from the sale of bellefeild (how many years tenancy does that equate too ? )

so for the want of not having 9 million to do this job ourselves in the first place , how much is this rented property really gonna cost us extra over the years ?

 

[davek]

Im not so sure thats what directors do, some owners maybe, but directors i dont think so.

So to answer my question you want, Everton to spend or be drip fed artifically more then their able to generate by useing private funds of a)current owner or b )anyone the hell else.

I'll answer your question with a question: after 11 years in control - and given the nature of this particular industry where majority owners do pump money into clubs at some points - do you not think that Everton's owners are out of step by not spending their own money to help the manager?

 

[Tubey]

Im not so sure on the accuracey of that mate, safe to say some clubs in the past and at present have taken on huge debts - to fund player purchases, i think really only City and Chelsea could be held up as examples of an artifical investment success stories everyone else just accumaltes debt. Both those clubs books are basket cases, so their vital signs and indeed viability are linked forever to their respective owners, they cant function or survive without them.

Lets be honest where has it gotten them: Sundeland, Newcastle, West Ham, Fulham, Villa - no where really and we're still ahead of them all.

We've overachieved on the field. Everyone knows it. We've been helped almost beyond comprehension by the stability at the club at both boardroom and in the last decade at managerial level.

However, that stability simply means we tread water. You're obviously satisfied with still being in the league, and anything else is a bonus. The problem is that is a devastatingly negative attitude to have towards the club, and it blinds you to the fact we're being run by a set of businessman who have invested nothing and gain to make millions from this club.

£5m net spending a year would satisfy me. I'm not asking for a Sheikh or a Russian oligarch. It isn't artificial inflation either by the way. Shareholders and directors are supposed to invest for a return on an asset. What we have at Everton is a bunch of men who already know they don't have to invest anything to make a return.

It's toxic long term and it's the reason we're still sat at a rundown stadium amongst other things.