ForeverBlue92
Player Valuation: £80m
It is terrifying, to think we could get worse owners than Moshiri AND Kenwright. For all Moshiri`s failings he had the money to put in and fund our losses, we still have money to spend but cant due to the way it was spent previously. Under these US chancers we simply wouldnt have the money to spend, just what we made which some may say is good but it is going back to the BK days when we hit a glass ceiling.
You may have seen my ramblings on Twitter but the way I see it....
None of the Kenyon Consortium are what I call Premier League wealthy, only Kaminski is considered a billionaire but his money isn`t actual cash it is property.
With this in mind they personally can not afford to buy Everton, they will buy Everton with loans which they may or may not put back on to the club as debt, as the Glazers have done, or they will take 10s of millions out of the club each year to pay these loans. Either way the club and us the supporters are paying for them to buy Everton.
The stadium will come as a loan of some sort, they don`t have the money to pay for this themselves.
This means they are putting nearly £1bn debt on to Everton to buy it directly or indirectly, to me that is very very worrying indeed.
Under Moshiri, when we get to the point FFP has been cleared and the big losses for the last 2/3 years have gone we will be free to go out and spend as we wish again, under these new owners it will not work like that, we will need to still be within our means and penny pinching forever more stuck in another 30 years of decline. The reason I say that is because Infrastructure of the club isn`t part of FFP and can be improved and scaled up as the owner wants but if you have owners that cant build that infrastructure the club becomes very limited and doesnt move with the times or grow.
Everyone points to the need for Everton to be run better, we all agree with that and we are seeing the signs of learning from past failings, Thelwell is free to do his job and the new structure around FF and the academy show professionalism and the best people for them jobs are getting them. Kenyon has run 2 of the biggest PL clubs successfully but I`m not sure he will be involved at Everton becuase he doesnt want to move back up north. He says as much in articles I have read, he is purely brokering this deal.
This consortium also plan to add their sons to the board of directors, who I`m sure will take big wages as directors, sounds very Glazer/Kroenke esque to me.
Kenyons consortium are chancers, looking to pick up a PL club on the cheap using loans, invest nothing whilst using club money to pay for the club and make a big profit in a few years. As has been said previously money will be saved, my worry is they will scale back the stadium or reduce the quality as these guys simply do not have the money to own a PL club.
Moshiri has failed but lets not champion these guys because they aren`t Moshiri, there are plenty more buyers out there with considerable wealth. Thanks for taking time to read....
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No wiser words have been spoken.