The Everton Board Thread

[4737carlin]

Think it might be the advent of MSP mate. The owner is getting a free pass for two reasons 1) Because he's currently financing the stadium and 2) The business' goes to the wall if he doesn't continue to fund our losses.

If MSP invest and take a reported 25% of the business are they going to be meeting 25% of the losses Moshiri has been funding.....not so sure they will, so that may mean a good few sales and cost cutting and leaner times - necessary probably but not without impact.

The problem is 25% dosent give you that much power and say, we need them to have 50% at least, we need MSP to be fully in control of Everton, Moshiri will still be able to do exactly what he wants without having to answer to anyone

 

[Blue peter]

He was terribly naïve in the sense he looked at City and Chelsea an believed the increased investment would accelerate growth and value and bring a return and that slowly tapering off over time - we know what happened. I don't think he has a strategic plan bar whack money at it - its at what level fatigue sets in at now and with MSP we are seeing signs of it. Remember when he and Usminov were trying to take over at Arsenal that they were terribly naïve - at wanting to just throw money at Arsenal if they took over, so that has come to pass here. While the board aren't without responsibility and certainly governance has been awful, i still believe the shareholder has been the key issue, so a board change, while required, i don't think is the seismic piece people believe it will be. The shareholders always make the big decisions.

Fair point - we know why they dont resign, Bill is obsessed to my mind, his function is a lightening rod now, while probably having a few handy contacts, but the game has moved on way beyond his value and competence now at this stage - DBB is jobbing - looking at the accounts and director remuneration both are prob on just less then a million a year in wages - that's also a big incentive - i wouldn't say Moshiri is meddling, its a bad board that doesn't carry out its remit under the wishes of its shareholders, as majority shareholder hes entitled to do what he likes - im not saying thats right or hes doing a good job - just that's the nuts and bolts of it.

I find it very interesting that the emphasis is on the board - not unjustifiably in terms of accountability - but the owner isnt being targeted in the same way - its for the reasons i explain above - we are dependent on him - thus colluding with him.

As i said above mate, we are at a bit of cross roads with MSP - the board to my mind are already gone - they aren't viable - so Moshiri will change it - MSP will bring some of theirs in - but the key thing to my mind is how we will be funded going forward. If the club is loosing £100 mill + a year - who is going to fund those losses if Moshiri is selling £25% of his stake - will MSP be willing to fund part of our losses annually - if not what impact does that have - key questions to my mind.

Absolutely…..I think the Boards recent behaviour are a strong indicator that their time is coming to an end……I suspect there will be changes over time with a sacrificial lamb first to go I would think this summer

 

[Neiler]

The problem is 25% dosent give you that much power and say, we need them to have 50% at least, we need MSP to be fully in control of Everton, Moshiri will still be able to do exactly what he wants without having to answer to anyone

It changes the dynamic though mate. For example Moshiri wrote three blank cheuqes over the last three years to cover the losses in the buiness, covering 100s of millions.

So MSP come in, own 25% - we loose 100 mill next year - Moshiri goes right lads ill throw in 75% of our losses - MSP say nah your grand we wont cover the 25% - lets sell Onana instead - why would Moshiri continue to cover 100% of the losses. They will have a reported two seats on the board as well.

 

[Neiler]

Absolutely…..I think the Boards recent behaviour are a strong indicator that their time is coming to an end……I suspect there will be changes over time with a sacrificial lamb first to go I would think this summer

I think Bill will be forced to "step down" i can see Denise being farmed out somewhere - in a specific role - they wont want to loose her midway through the stadium and will go after that. But there will be a new broom for sure.

 

[4737carlin]

It changes the dynamic though mate. For example Moshiri wrote three blank cheuqes over the last three years to cover the losses in the buiness, covering 100s of millions.

So MSP come in, own 25% - we loose 100 mill next year - Moshiri goes right lads ill throw in 75% of our losses - MSP say nah your grand we wont cover the 25% - lets sell Onana instead - why would Moshiri continue to cover 100% of the losses. They will have a reported two seats on the board as well.

I'm hoping it's 25% now with a clear option for more once the stadium is done. In an ideal world we need them to own us but there is no chance Moshiri goes until its complete.
What I do like about these guys is I think they will have a better chance of keeping Moshiri under control then the current board.
For me it's last chance for Everton, if these guys can't come in and turn us around I can't see much of a future for us

 

[Neiler]

I'm hoping it's 25% now with a clear option for more once the stadium is done. In an ideal world we need them to own us but there is no chance Moshiri goes until its complete.
What I do like about these guys is I think they will have a better chance of keeping Moshiri under control then the current board.
For me it's last chance for Everton, if these guys can't come in and turn us around I can't see much of a future for us

You could well be right mate. Its along hard road back to self sustainability though and it wont be without impact, maybe they will circle the business for a few years and look to invest further. To be honest its the opportunity of the multi club model i like - can see opportunities and synergies there - might be clever ways of getting finance into the business as well.

 

[Damo_1878]

Stuff like that is unnecessary mate and undermines you.

Let's keep comments to a standard otherwise credibility is lost.

CEOs are generally self PR driven.

But CEOs at failing/negligent organisations are generally scrutinised too.

I think you miss understood that - if you look on Companies House she was involved in a water sports company called "British Canoeing"

Denise BARRETT-BAXENDALE personal appointments - Find and update company information - GOV.UK

Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

What is wrong with what I said?

 

[Damo_1878]

She is on the board of Sports England

Whilst Everton Football Club has lost >£350million and is referred by the Premier League to an independent commission for alleged P&S breaches ?

What job is she doing exactly for Everton?

As for being on the Sport England board. That's ridiculous in itself. What experience does she have for that? Water sports?

She gets involved in all these external things for self publicity

Whilst Everton Football Club is losing money and in yet another relegation fight

It's ridiculous

Stuff like that is unnecessary mate and undermines you.

Let's keep comments to a standard otherwise credibility is lost.

CEOs are generally self PR driven.

But CEOs at failing/negligent organisations are generally scrutinised too.

I think you miss understood that - if you look on Companies House she was involved in a water sports company called "British Canoeing"

Denise BARRETT-BAXENDALE personal appointments - Find and update company information - GOV.UK

Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

What is wrong with what I said?

Just to be clear to everyone I wasn't being funny about the "water sports" comment. That genuinely wasn't me being "funny"/vulgar saying it. This is serious and was a genuine criticism of Denise Barrett Baxendale (and Bill Kenwright)

Point is. Everton Football Club alone has a turnover (2021/2022: £181 million) over >15 times that of British Canoeing (2021/2022: £10.9 million)

Everton Football Club is grossly under performing as well.

The scale of business is totally different for Football. Without undue disrespect to Canoeing

@GrandOldTeam my criticism of Denise Barrett Baxendale (and Bill Kenwright) is genuine and based on genuine concerns

I feel they through the likes of the EFC AGM cancellation and the FAB farce and the misleading statements put out by the club on their behalf have seriously damaged Everton Football Club. They don't face scrutiny. They engineered it that way. That is the crux of the criticism

 

[mahermi1]

It changes the dynamic though mate. For example Moshiri wrote three blank cheuqes over the last three years to cover the losses in the buiness, covering 100s of millions.

So MSP come in, own 25% - we loose 100 mill next year - Moshiri goes right lads ill throw in 75% of our losses - MSP say nah your grand we wont cover the 25% - lets sell Onana instead - why would Moshiri continue to cover 100% of the losses. They will have a reported two seats on the board as well.

Without Moshiri's 3 blank cheques keeping us going mate, we could well have gone bust would you be happy with that ? Or would you have liked to have sold all our players.

 

[Billy Dean]

Without Moshiri's 3 blank cheques keeping us going mate, we could well have gone bust would you be happy with that ? Or would you have liked to have sold all our players.

I am quite curious as to where we'd be now if Moshiri hadn't bought the club in 2016

 

[Toffeepot]

I'm hoping it's 25% now with a clear option for more once the stadium is done. In an ideal world we need them to own us but there is no chance Moshiri goes until its complete.
What I do like about these guys is I think they will have a better chance of keeping Moshiri under control then the current board.
For me it's last chance for Everton, if these guys can't come in and turn us around I can't see much of a future for us

I just hope they only invest if Kenwright goes with the deal
Any investors worth their salt will see his contribution to near 3 decades of decline

 

[NathDogg]

As others have said, whatever happens this year the fans cannot go quietly into the night as we did after last season, and we need to continue the protests, marches and media campaign to get action from moshiri in dismissing these directors.

We should do more around the new ground as well, without hindering the build or project in any way, just to highlight that t Kenwright and his cronies are not welcome at Goodison or BMD.

Nothing will change until action is taken - if moshiri is the astute business he is supposed to be he will know that now.

 

[good times bad times]

You're not proud seeing an underperforming team lift a trophy ? Why even bother supporting us ?

lol If you actually supported us you would not consider a pre-season tournament like the Florida cup to be a trophy worth lifting.

 

[4737carlin]

I just hope they only invest if Kenwright goes with the deal
Any investors worth their salt will see his contribution to near 3 decades of decline

Good you agree that Moshiri was never worth his salt

 

[4737carlin]

As others have said, whatever happens this year the fans cannot go quietly into the night as we did after last season, and we need to continue the protests, marches and media campaign to get action from moshiri in dismissing these directors.

O they will, guarantee it, even now Moshiri gets a free pass from many, once the season ends it will be happy days for some and same again next season.