canuckblue
Player Valuation: £50m
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Yep, you could replace Sharpy's expertise with a panda.
still 1 less than Bill has with himself and his 2 stooges in Denise & Sharpey, I wonder how long before those 2 board members lose their sanityWas in the papers a few days ago, 105m for 25% and 2 seats on the board.
The thing about Premier League P&S people seem to not realise, it is earnings related. You can only make PROFIT if your REVENUE exceeds your COSTS
Everton spend 91% to 96% of revenue on wages alone
This has been why there has been so much criticism of Bill Kenwright and Denise Barrett-Baxendale
They've never achieved performance in commercial revenues. Ever. They exaggerate and claim things that are untrue.
They tried to claim the STAKE deal was a record and significant increase over CAZOO.
It was actually about £300,000 more per year over CAZOO.
For context Denise Barrett-Baxendale takes home around £960,000 a year and Bill Kenwright around £1.2 million a year.
This is what we are dealing with.
Virtually everything is outsourced too. Merchandise, hospitality etc. So the club gets a flat yearly fees and there is no looking for growth. Ever.
The culture at the club is all wrong
With non-commercial individuals who lack necessary experience on the board.
As well as failing to develop the commercial revenues, I have previously posted that I do not believe in 18 plus years the Board have ever had a documented Business Plan or Strategy. Surely if they had it would have been mentioned or produced to the Shareholders Association?The thing about Premier League P&S people seem to not realise, it is earnings related. You can only make PROFIT if your REVENUE exceeds your COSTS
Everton spend 91% to 96% of revenue on wages alone
This has been why there has been so much criticism of Bill Kenwright and Denise Barrett-Baxendale
They've never achieved performance in commercial revenues. Ever. They exaggerate and claim things that are untrue.
They tried to claim the STAKE deal was a record and significant increase over CAZOO.
It was actually about £300,000 more per year over CAZOO.
For context Denise Barrett-Baxendale takes home around £960,000 a year and Bill Kenwright around £1.2 million a year.
This is what we are dealing with.
Virtually everything is outsourced too. Merchandise, hospitality etc. So the club gets a flat yearly fees and there is no looking for growth. Ever.
The culture at the club is all wrong
With non-commercial individuals who lack necessary experience on the board.
100%As well as failing to develop the commercial revenues, I have previously posted that I do not believe in 18 plus years the Board have ever had a documented Business Plan or Strategy. Surely if they had it would have been mentioned or produced to the Shareholders Association?
If there was one, it was so obviously inadequate with a total failure to bring about improvement that it highlights their ongoing incompetence.
This is over the time period when Premier League Football expanded into a world wide multi million pound business. Our administration has depended on mates and favours with promotion from within, justifying comparisons with a corner shop.
The thing about Premier League P&S people seem to not realise, it is earnings related. You can only make PROFIT if your REVENUE exceeds your COSTS
Sorry to be pedantic but according to the last set of annual accounts the highest paid director is paid just over £2m and the total for the Board is £4m so I think your numbers are under called for either Kenwright or “little Miss Headlock”.
I do agree with your overall sentiment.
I'm led to believe it along with the Gordon money is being used to refinance Everton and then obtain finance for the stadium build completion - Moshiri guaranteed to this summer. Plus have sufficient contingency cash in the company.If we get this investment does the 105m get added as revenue? Or does it just go to Mosh? Probably a depending what they decide issue but curious if that’s a plausible way to get the monkey off our back faster?
Im assuming if MSP invests and therefor gets the two board seats, it will be them adding 2 to make it a 6 member board. That gives them 33% of the say in things. Im not sure that helps them fight off the evil of Bill. And I dont think theres any chance Moshiri gives up half the board for a minority investment.
Maybe at least one of their chosen appointees would make so much sense the others might listen to them?
The investment wouldn't count as revenue I don't think and therefore wouldn't make much difference to the FFP position. That should hopefully be easing anyway with the player sales and the falling wage bill, although I suspect the limits on our spending in January were more cash flow than FFP anyway.If we get this investment does the 105m get added as revenue? Or does it just go to Mosh? Probably a depending what they decide issue but curious if that’s a plausible way to get the monkey off our back faster?
I'm hoping that, if it all goes ahead, they use the size of their shareholding to force an EGM and propose a vote of no confidence in the chairman and CEO.
Getting some proper scrutiny on the board from the external investors might be as important as the money. They've been marking their own homework for too long.I'm hoping that, if it all goes ahead, they use the size of their shareholding to force an EGM and propose a vote of no confidence in the chairman and CEO.