The Everton Board Thread

[mightymoyes]

I'm just listening to another podcast now involving Esk and they have Matt Slater from The Athletic on it.

It seems Esk has gone off on a tangent here - the majority stake he seemed certain MSP were taking a couple of days ago seems to be no more than pure conjecture at this point.

All I'm taking from everything I've heard and read today is that nothing is near to being sorted, we have absolutely no clarity on what the ownership structure is going to look like, and this is going to rumble on for several weeks at least.

Pretty sure the athletic article said 4 or 5 weeks

 

[Curtis]

Distressed project that needs funds to complete it.

You can demand a seat at the top table for your support and potentially something more in the future.

Also moshiri is such a rube when it comes to operating a club imagine if you actually are knowledgeable about business and football he would be the perfect mark

 

[Goat]

Also moshiri is such a rube when it comes to operating a club imagine if you actually are knowledgeable about business and football he would be the perfect mark

We probably arent worth the hassle any longer for him.

His dreams of making a fortune are over, now its about getting as much money out of the club as quickly as possible, IMO.

 

[Huyton Layne]

Wait I'm confused. Is that a wacky shark tank type deal?

100-150m loan for a 25% stake or am I reading this wrong?
So Everton get fast cash that has to be repayed over a long term and they get a quarter of the club and technically pay nowt?

 

[Goat]

Wait I'm confused. Is that a wacky shark tank type deal?

100-150m loan for a 25% stake or am I reading this wrong?
So Everton get fast term cash that has to be repayed over a long term and they get a quarter of the club and technically pay nowt?

Payday Loan FC.

Expect price increases across the Board (soon)TM.

 

[Drico]

Hope this Bell fella doesn’t buy the naming rights to the home end…

If it means the "erasure" of Bill Kenwright's name from a stand, I think we can all give him a little respect.

 

[Drico]

Athletic are saying Bill and Denise are out



They also said she was in a headlock once though

All together now: "Your shame is neverr-er-ur-er-ur-er-ur-er-er-ending!!"

 

[Exeter_Gently]

The issue with our Evertonian board members isn’t the team they support. It’s that they’re incompetent at their job as board members of a football team.

Can someone honestly tell me how in the world the Panda botherer ended up in his role?

Fine footballer, decent commentator and club rep…. Zero boardroom experimence.

Cronyism is the reason Sharp ending up on the board.

 

[Bohemian Toffee]

If it means the "erasure" of Bill Kenwright's name from a stand, I think we can all give him a little respect.

We've been stuck on a ship of fools, maybe that's ending and we can strike out on a Blue Savannah. Or something.

 

[Exeter_Gently]

Basically we've got one of them hideous Wonga Loans.

 

[Moomin]

Basically we've got one of them hideous Wonga Loans.

If the 25% deal is sorted as per that article they would probably want the Stadium or playing side to be in more turmoil so they can get more equity to help finance further.

 

[chippy1722]

A little bit like a pay day loan. If you went to a bank and they offered you an APR of over 29.9%, you'd baulk at it. In fact, it should be a lot lower.

However if you're desperate for a cash, these places can give you APR into the hundred or thousands of percent. It's all about risk and requirements.

They are getting a stake at a lower price because the current owner needs the investment.

Kenwright and his pals were king of the payday loans a while back, they made millions of us. He must be gutted he can’t do it anymore.

 

[PhilM]

Basically we've got one of them hideous Wonga Loans.

Nope, well probably not.

The term loan is misleading - consider that Abramovich offered Chelsea over a billion in interest free loans. It provides security to the investor.

This may not be the case here, but from what I’ve been told it’s Moshiri giving up 25% of his shares for no cost, with money then provided to the club.

The club uses it to fund the stadium, which increases his share value; the new investors get a stake in the club, which will increase in value as above.

If the club is then eventually sold, as a creditor they can look at taking the £100m back either with interest (likely not) or the share value pays the profit.

 

[brieverton]

Not expecting anyone to throw money at the club and nor do I expect Moshiri to compromise to any great degree on the return he thinks he can get.

Rather sobering to listen to yesterday and today's musings though. Highlights just how much of a mess the club is in.

The better outcome is a change in majority ownership. Anything less than that is too tentative and too compromising for our needs.

We need new leadership but they have to have the whip hand and the interest to be able to reform the club in the way that's needed.

 

[Moomin]

We've been stuck on a ship of fools, maybe that's ending and we can strike out on a Blue Savannah. Or something.

Gimme, Gimme, Gimme two new board members and we can love Saturdays again.