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

[Foot Long Hot Dog]

You see..you're making the fatal mistake that others are making...you are accusing Robert Earl of dipping is hand into the till at Everton , a serious accusation about which you should go to the police, taking your evidence with you. The more sensible, but still not proven, and not illegal situation you could have highlighted was that the loan from the BVI COULD have come from a company in which Earl has an interest. Still not illegal, though, and not a proven fact (unless someone can link to the evidence. Instead of looking for real evidence , you and some others would rather play Cops and Robbers , were the merry handful of real usuals are the good Cops, and the Everton board are the robbers.

There is absolutely nothing to back that claim up - apart from it shares a postal address with Earl's holding company in the BVI. An address that is also used by dozens of other businesses, as it's a tax haven that hosts over 900,000 worldwide businesses according to the stats, lol. Someone has taken the postal address and created the conspiracy theory.

However, the theory that seeks to tie Earl to Vibrac and thus conclude that it's a definite 'dodgy deal', dies on it's arse when you consider that West Ham, Southampton and Fulham all have similar arrangements with the same company.

 

[Steve Wigan]

There is absolutely nothing to back that claim up - apart from it shares a postal address with Earl's holding company in the BVI. An address that is also used by dozens of other businesses, as it's a tax haven that hosts over 900,000 worldwide businesses according to the stats, lol. Someone has taken the postal address and created the conspiracy theory.

However, the theory that seeks to tie Earl to Vibrac and thus conclude that it's a definite 'dodgy deal', dies on it's arse when you consider that West Ham, Southampton and Fulham all have similar arrangements with the same company.

Exactly....dies on its arse like so many of the usuals 'theories'.

 

[Woolly Blue]

There is absolutely nothing to back that claim up - apart from it shares a postal address with Earl's holding company in the BVI. An address that is also used by dozens of other businesses, as it's a tax haven that hosts over 900,000 worldwide businesses according to the stats, lol. Someone has taken the postal address and created the conspiracy theory.

However, the theory that seeks to tie Earl to Vibrac and thus conclude that it's a definite 'dodgy deal', dies on it's arse when you consider that West Ham, Southampton and Fulham all have similar arrangements with the same company.

To be honest mate, all that shows is what a murky world running a football club is, when four of last years Premiership clubs are in hock to a company registered in the BVI.

Having said that, the interest rates being charged to us, though they're a bit toppy, aren't extortionate. Maybe someone is creaming a bit off the top, but I doubt it's enough to justify holding an interest (direct or otherwise ) in the club.

The real problem is the boards refusal to show any refusal to itemise the "Other Operating Costs". Legally, they don't have to, and I get the argument that they're broadly comparable to similar clubs, but they could make a lot of ill-will go away by breaking down that ~20 million into smaller sized chunks when explaining the accounts to the shareholders and fans.

 

[Ratkiller]

[QUOTE="Chang Elephant, post: 2758572, member Fabricated incoming investment and scammed a shareholders AGM with a talk from a false prospective investor, Samuelson, later acknowledged as a "means to an end"

2) Clearly lied to all project partners, the media, and fans, that the £30M minimal investment required for the Kings Dock was "ringfenced"

3) Quite likely encouraged media vilification of Paul Gregg to force him off the board (badly done to first family in The Echo ffs)

4) Encouraged media manipulation of the fanbase and vilification of certain fan groups (see Ross's email leaks)

5) Skewed a fans vote on moving to Kirkby by utter bull about the stadium being world class and effectively free

6) Replaces Gregg with the introduction of well known football enthusiast and serial bankrupt, Robert Earl who has offices in the BVI

7) Allows the club to take loans from Vibrac based in the BVI (owners/directors not disclosable)

8) Alleges he has no idea on the composition of Other Operating Costs

9) Sold Rooney at well below market value at a time he had tolerated the club being riddled with Proactive shareholders (even the Chief Exec)[/QUOTE]

You missed out the claim from Gregg that it was Green who paid for his shares. Probably relevant. ;-)

 

[Steve Wigan]

First piece that seems properly shady. If Earl is using the club as a tax shelter or something, but we lack evidence of wrongdoing again. It may be there, but there is no clear evidence. Circumstantial at best.

Have a look at Foot Long Hot Dogs response to this 'suggestion'....this will give you an indication of the flimsiness of the theory , and also indicates that most if not all of their 'conspiracy theories' have no basis in fact.

 

[RaleighBlue]

Have a look at Foot Long Hot Dogs response to this 'suggestion'....this will give you an indication of the flimsiness of the theory , and also indicates that most if not all of their 'conspiracy theories' have no basis in fact.

I saw that. And it's a hell of a counterpoint.

Which is why evidence is required. When one simply makes accusations nothing sticks and you end up being written off as an extremist. I feel that most here know my stance vis-à-vis Kenwright and the commercial viability of the club, but the name calling is doing no one any good.

 

[bluemangroup]

I saw that. And it's a hell of a counterpoint.

Which is why evidence is required. When one simply makes accusations nothing sticks and you end up being written off as an extremist. I feel that most here know my stance vis-à-vis Kenwright and the commercial viability of the club, but the name calling is doing no one any good.

You would say that you nonce.

 

[Brennan]

To be honest mate, all that shows is what a murky world running a football club is, when four of last years Premiership clubs are in hock to a company registered in the BVI.

Having said that, the interest rates being charged to us, though they're a bit toppy, aren't extortionate. Maybe someone is creaming a bit off the top, but I doubt it's enough to justify holding an interest (direct or otherwise ) in the club.

The real problem is the boards refusal to show any refusal to itemise the "Other Operating Costs". Legally, they don't have to, and I get the argument that they're broadly comparable to similar clubs, but they could make a lot of ill-will go away by breaking down that ~20 million into smaller sized chunks when explaining the accounts to the shareholders and fans.

Next people will be asking for receipts of purchases. A business isn't run at the behest of a few conspiracy theorists.

 

[Ratkiller]

Have a look at Foot Long Hot Dogs response to this 'suggestion'....this will give you an indication of the flimsiness of the theory , and also indicates that most if not all of their 'conspiracy theories' have no basis in fact.

The simple fact is no one has got a clue what they're up to. Including it seems the owner.

Earl is not sitting there for the good of his health though.
And the BVI is well known as being a place where you can hide things you wouldn't want people to know about.

 

[RaleighBlue]

You would say that you nonce.

 

[Foot Long Hot Dog]

To be honest mate, all that shows is what a murky world running a football club is, when four of last years Premiership clubs are in hock to a company registered in the BVI.

Having said that, the interest rates being charged to us, though they're a bit toppy, aren't extortionate. Maybe someone is creaming a bit off the top, but I doubt it's enough to justify holding an interest (direct or otherwise ) in the club.

The real problem is the boards refusal to show any refusal to itemise the "Other Operating Costs". Legally, they don't have to, and I get the argument that they're broadly comparable to similar clubs, but they could make a lot of ill-will go away by breaking down that ~20 million into smaller sized chunks when explaining the accounts to the shareholders and fans.

I think it's merely a symptom of the recession steering mainstream lenders away from business loans to sectors considered to be high risk. Companies like Vibrac have filled the void.

As for the OOC's. I can see both sides of it tbh. As I can understand people wanting to know the detail of what's in there, but equally the club is merely doing exactly what most of the others do, in lumping all non football costs into that heading.

Let's be right, even if they shared the full detail, it'd be picked over by every conspiracy theorist out there and they'd then want a further level of detail behind the next set of headings ad nauseam.

 

[Brennan]

I think it's merely a symptom of the recession steering mainstream lenders away from business loans to sectors considered to be high risk. Companies like Vibrac have filled the void.

As for the OOC's. I can see both sides of it tbh. As I can understand people wanting to know the detail of what's in there, but equally the club is merely doing exactly what most of the others do, in lumping all non football costs into that heading.

Let's be right, even if they shared the full detail, it'd be picked over by every conspiracy theorist out there and they'd then want a further level of detail behind the next set of headings ad nauseam.

Precisely. If the people in charge really were lying about the finances by using 'OOC', then surely they'd just misrepresent the costs under a sub heading like 'hospitality'.

 

[Woolly Blue]

Next people will be asking for receipts of purchases. A business isn't run at the behest of a few conspiracy theorists.

Disagree mate. If you ever go to a companies AGM the BoD will get quizzed on the detail which doesn't appear in the accounts. It's by no means unusual for a company to stick up a slide breaking down OOC into top 10 areas of expenditure or similar. It's not a legal requirement and, to be honest, they could just make it up, but it's good business practice to share some information.

We already know some of it from the last full set of accounts, we had 4.2 million interest charges and ~1.4 for Finch Farm which leaves what, about 17 million ? It wouldn't be hard for them to give a bit more detail and would be good politics for them to do so. There's an overhead associated with running the club which isn't understood by the majority of the fan base. If they could go some way to explaining where the money goes ( policing, stadium maintenance, whatever ), they'd bring some people back from the conspiracy edge, but Foot Long's right, you'll never do enough to satisy everyone.

 

[Goat]

Gullible clappers.

I really hope you dont get the football club you deserve.

 

[Foot Long Hot Dog]

Precisely. If the people in charge really were lying about the finances by using 'OOC', then surely they'd just misrepresent the costs under a sub heading like 'hospitality'.

They'd have to create bogus or vastly inflated invoices, which would need the collusion of the Finance Director / Accountant, who's responsibility is Financial control.

I really don't think the conspiracy theorists have given much thought to their entire premise tbh. As on one breath they claim that the 'man behind the throne' isn't really Earl at all, but the multi Billionaire Phil Green, who's idea of a weekend bash costs £6m and who's net worth is around £3BN.

Then on the next breath they're accusing Earl / Green of sliding a few quid out of the back door at Goodison. As if a man at that level of wealth would risk his reputation and livelihood for what to him is the equivalent of a few quid down the back of the couch. It's a truly laughable assertion when you step back and think about it.